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French & Sandwiches!!! Economy Must Be Bad…

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One of the delights of Paris is a leisurely meal and a glass of wine at a roadside cafe. I was taken aback to read The Times story: “The world economic crisis has hit borrowers in the US, banks in Britain and homeowners in Spain. Now it has claimed perhaps its most startling victim to date: the Gallic gastronome.

“Lunches are being skipped, dinners shortened and apéritifs overlooked as the French cut back on their most cherished pleasure in an attempt to save their euros, according to new figures. Restaurants, bistros and cafés are reporting an historic drop in takings this summer amid signs that le pays de la gastronomie is turning to sandwiches and picnics.”

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5 Responses to “French & Sandwiches!!! Economy Must Be Bad…”

  1. superdestroyer says:

    I thought that all bad economic news was due to George Bush. How can the French have any problems when they are not lead by George Bush?

  2. Don Quijote says:

    $120.00 Barrel of Oil (Might have a little something to do with Georges great adventure in Iraq?) and a Collapsing US Financial System ( It's now a Global Financial System, ain't Globalization a doozie? ) might have a little something to do with their crappy economy, both of which occurred under Shrub's watch.

    < a href="http://www.rgemonitor.com/roubini-monitor/253191/global-recession-watch-recoupling-rather-than-decoupling">Roubini: Global Recession Watch

    [T]here is now fresh evidence that at least a dozen major economies and some emerging markets are at risk of a recessionary hard landing.

    [W]hile we will not experience a global recession we will get close to one as the US will have a severe recession, Japan is entering one, a third of Europe will go into a recession, the rest of Europe will have a severe growth slowdown, the rest of the G-10 advanced countries is sharply slowing down and a few emerging market economies are entering a recession. And if the advanced economies are sharply slowing down or entering a recession the idea that China, India, the other BRICs and emerging markets can happily decouple from these recession or sharply slowing economies is far fetched

  3. superdestroyer says:

    DQ,

    Are you trying to claim that the the price of oil has everything to do with Iraq and nothing to do with world demand or decreasing supply? I thought all of those nice Europeans countries had signed on to Kyoto protocols and had severely cut their use of carbon based fuels. I thought that all adopted green technology and were not getting rich selling green technology. I guess what I read on Moveon.org may not be true then.

  4. Don Quijote says:

    Are you trying to claim that the the price of oil has everything to do with Iraq and nothing to do with world demand or decreasing supply?

    No, just saying that invading the ME has caused lot's of instability and that rattling our swords at Iran is creating more instability and both are a factor in driving up the price of Oil.

    I thought all of those nice Europeans countries had signed on to Kyoto protocols and had severely cut their use of carbon based fuels.

    Some have, some haven't, but on the whole they have done a much better job controlling their green-house gases than we have, which is not all that hard to do since we have not even tried.

    I thought that all adopted green technology and were not getting rich selling green technology.

    Denmark has become the world leader in wind-mill production, and Germany the world leader in Solar Panel production (despite not having a great climate for solar panel), France is the largest builder & users of Nuclear power. All technologies that were created in the US but that we were not willing to invest into because there was no immediate ROI.

  5. superdestroyer says:

    DQ,

    The U.S. does not invest in nuclear power because it is impossible to get all of the permits necessary to build a nuclear power plants. The lack of growth in nuclear power in due to the green influence in the U.S. Also, the U.S. could invest more in wind but once again, complying with relevant environmental laws makes it much less profitable.

    Remember, the goals of the green movement in the 1980's and 1990's was not make it impossible to do anything new. That reached that goal and now want to whine about it.

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