Just four years ago, Starbucks seemed to be losing its mojo. Howard Schultz, the man who made Starbucks a household name, returned to the company as CEO. He closed hundreds of stores, streamlined operations and set the company on a path to record revenues and strong profits.
Starbucks serves 60 million beverages a week, which adds up to big profits. The company reports its earnings Thursday. In a bid to further expand its consumer base, Starbucks has a new roast and plans to produce more retail products to sell outside of its coffeehouses.
Greece is broke. But there's no blueprint for a country to declare bankruptcy, so Greece's creditors are sort of making things up as they go along.
"You're taking some sort of loss," Hans Humes of Greylock Capital Management told me. "But it's like, how much of a loss do you take? There's this thing called sovereign immunity. You can't go in and take the Acropolis."
The value of Iran's currency — which had been sliding steadily for months — took another plunge this week. Faced with new economic sanctions from the U.S. and Europe, the rial now seems to be in free fall.
But at least part of the dive could be linked to currency manipulation by the government itself in an effort to fund candidates in upcoming elections.
In images posted on the Internet, hundreds of Iranians are seen gathered outside the headquarters of the Bank Melli in Tehran Monday. They wanted to buy dollars, but there were no dollars to be had.
Newt Gingrich, a self-described space nut, has long been a supporter of the U.S. space program. Now the Republican presidential hopeful is proposing what he calls a bold program that would send Americans back to the moon and beyond.
During a campaign event on Florida's Space Coast — hard-hit by the recession and the space program's uncertain future — Gingrich talked about coming of age at the time of Sputnik, the first satellite, launched in 1957 by the Soviet Union. He recalled reading science-fiction author Isaac Asimov and Missiles and Rockets magazine.
Alice Waters has moved from the kitchen to the garden to the soap box in her 40 years as a pioneer of the sustainable and locally grown food movement. But on one recent night, The Salt found her "hanging" in the National Portrait Gallery in Washington.