Word: hadn
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...Tuesday, a resurrected McCain slipped beyond the moneyed Michigan native's manicured grasp to win by five points in the Florida Republican primary and cement his status as the G.O.P. front-runner. Romney smiled through a thinly revised version of his ritual stump speech, as though the race hadn't fundamentally changed. But one could imagine what he might be thinking in the darker recesses of his mind...
...Campaign for Real Ale, CAMRA, estimates that 60 pubs close every month in Britain. According to industry figures, a smoking ban implemented during one of the coldest and wettest summers in decades resulted in a 10% drop in beer consumption. CAMRA says energy costs rose during months when owners hadn't expected to have to pay for heat. And beer production costs have risen thanks to the rains that drowned hops and barley yields. For many pubs, serving food has become the key to survival. The Office of National Statistics indicates that Britons spend an annual $60 billion on alcohol...
From 1945 to '82, there were nine recessions in the U.S. That's about one every four years. Since then, the downturns have become rarer and shallower. This would be the first since 2001, and before that, there hadn't been one since 1991. The move from manufacturing toward a less volatile services-dominated economy is one explanation. A more competent Federal Reserve is another. The trade-off has been that postrecession recoveries have been more muted than those of yore, while prerecession angst has, if anything, grown...
...PepsiCo had spread its restaurant division too thin, planting capital-consuming, company-owned-and-operated stores in 32 countries instead of franchising them as it does in the U.S. But PepsiCo did set up valuable infrastructure, including supplier relationships and local management teams. "PepsiCo laid down the tracks but hadn't yet taken advantage of the opportunity," says Novak. In swift order, the newly independent Yum (named Tricon Global Restaurants until 2002) pulled its company-run operations out of all but eight countries. Later it focused expansion on three emerging economies (China, India and Russia) and three developed ones (France...
...just all too depressingly familiar: back in 2005, the Belarus KGB detained me for exactly the same reason the St. Petersburg police detained Kinnock. This is from my 2005 Belarus notes: "A traffic cop pulls us over ... and 'detects' the smell of alcohol on the driver's breath." They hadn't even bothered to vary their vocabulary this week...