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It was not clear why CBS anchor Katie Couric decided to assign herself to an extended feature on the plight of Starbucks. The gourmet coffee chain has closed 600 underperforming stores as its high-priced java is being undercut by recession-appropriate Dunkin' Donuts. In a report that lasted almost five minutes, Couric punned that the chain "is now seen as an everyday symbol of grande indulgence." She sat down with CEO Howard Schultz: "We have seen people who perhaps are making a discretionary decision--either in the afternoon or perhaps not come because they do not have the money," the Baristo-in-Chief surmised. Couric reassured us that workers still receive health coverage and the coffee growers in Costa Rica and Ethiopia and Rwanda still receive Starbucks support.
So what?
lol the undercutter? I went to DD because I had to the other day and I got an iced latte there for the first time. The product wasnt as bad as I expected to be (but that doesnt say much) BUT IT WAS 97 CENTS MORE THEN THE SAME DRINK AT SBUX. Im a sbux employee I know our prices and I always thought it was funny that people said we were more expensive when the drip coffee was different by a couple of cents when we use twice as much ground beans to create the right flavor profile, but what the heck is with them having such higher prices in espresso beverages and no one saying anything???
Baristas will actually lose their health insurance because they can no longer maintain the average of 20 hours a week that qualifies them for health insurance.
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