Does your wallet feel a bit lighter after paying for your morning cup of Starbucks coffee? It just might (unless, of course, you used the company’s order-ahead mobile app or any other form of payment besides cash), and that’s because the coffee chain has once again raised its prices for many drinks. [More]
Chain restaurants are trying to lure in recession-weary diners with deep discounts, but franchisers worry that if you suddenly start paying half-price for sandwiches, you won’t be willing to pay full price when the economy recovers. We’re all accustomed to chain restaurant sandwiches costing $8 and up, but how much do those sandwiches really cost restaurants to make?
Apple fans around the country are foaming at the mouths over the jacked-up pricing AT&T has announced for the upgraded iPhone. AT&T apparently can’t afford to subsidize the phones for existing customers, because if you currently have an iPhone and more than 6 months left on your contract, you’ll have to pay $417-$517 for the newer model (that includes an $18 “upgrade” fee).
BusinessWeek has an interesting article about the economics of regional airlines — the smaller companies that are subcontracted to operate the less profitable routes for major airlines. Some were stunned to find out that first officer on the flight that crashed in Buffalo, NY only made $23,900 a year. Is this too little?
Cablevision will raise the cost of its average video package by 4.7% starting in December. It says the cost of its Internet and digital phone services will remain the same through 2008. [Reuters]