Source: Flickr User TheNickster
Why is that? San Francisco Chronicle food editor Michael Bauer maintains it isn't just because burgers have mass appeal. They also have something important: incredible profit margins.
There's a burger spot in every corner of the country helmed by star chefs from Hubert Keller to Bobby Flay. It's hard to know whether these burger bars are excessive — or simply meeting consumer demand. Do celebrity chef burger joints appeal to you?
Source: Flickr User tomcensani
I know you come here for your daily Savvy news, but I'm wondering where else you go. Every day, I comb through the business section of many news sites like Wall Street Journal, New York Times, Bloomberg, to name a few. I know sometimes the material can be a little dry, but since the major economic downturn, I can't help feeling that this type of news is more relevant than ever. Do your eyes glaze over the business section on these sites or are you an avid reader of finance news?
Could bread baked from scratch soon become an antiquated craft? In Germany, bakers fear it already has. Supermarket Aldi Süd has over 600 backofens, or bread "baking ovens," vending machines that boast the slogan "fresh out of the oven — direct into the bag."
According to The Wall Street Journal, the German grocery chain plans to roll them out in all of its 1,780 outlets. The machines boast speed and efficiency, dispensing warm bread by heating already-shaped, partially baked dough in seconds for less than it costs to buy a pack of gum.
But in Germany, where the average citizen consumes 192 pounds of bread a year and bakers train for a minimum of three years, bakers are up in arms. The German Bakers' Confederation is seeking legal recourse, accusing Aldi Süd of deceptive advertising.
It will be interesting to see if Aldi expands its concept to North America, although I'm not sure the automat has staying power in the US. Still, there's no denying the convenience and affordability factor. Do you think bread vending machines could take off stateside?
Source: Flickr User David Boyle
Facebook's privacy practices have been a constant source of fodder for a while now, and although the company has put new security features in place, it seems that still may not be enough to keep your information private from advertisers.We've told you before that your personal data could be collected by the applications you and your friends use if you aren't careful with your privacy settings, but new findings by the Wall Street Journal say that even if your Facebook account is set to be completely private, your details (like name and location) could still be accessed by advertisers through popular applications like FarmVille, Cafe World and Texas Hold 'Em.
Find out more, including what Facebook is doing about it after the break.
This marks an end to the Apple-AT&T exclusivity, and the timing correlates perfectly with Verizon's new tiered data plans. Additionally, sources tell the WSJ that the fifth-generation iPhone is already in the works, which comes as no surprise as Apple releases a new model every Summer. Face it — the iPhone is like fashion. It's never "done."
They're loving it! The mega rich can dine in the finest restaurants and sip on the most extravagant wines, but apparently all they want is a good ol' cheeseburger. Or at least, that's the trend we're seeing now as the result of the recession.
According to a study by American Express, "ultra-affluent" customers have increased their fast food budget by 24 percent, reports The Wall Street Journal. In comparison, the rest of the firm's US customers increased their junk food spending by only eight percent. The "ultra-affluent" category includes people who spend more than $7,000 per month and earn a certain income level.
Keith Gutsell, an IT risk manager at a Chicago bank, says eating these quick service meals helps him feel more thrifty. "Subconsciously, I think I'm saving money by spending less on food, but my spending somewhere else must be going up, because the amount on my credit card is not going down," he says.
Although eating cheap meals on the go will save them big bucks now, it will result in higher medical bills in the long run. Have you been consuming more fast food to save money like the fabulously wealthy?
"To many people, it doesn't matter much who calls or what they want. What matters is that the call reflects our existence back upon us. They wanted us, and that is an emergency. Because we won't feel truly wanted again until the next email, text or call."
While her article is mainly about using technology to feed one's ego, her points are interesting. Foursquare, Twitter, Facebook, Loopt . . . all provide a medium for potential oversharing. Does having a mile-long contact list make us any more connected than we already are? Or does it actually isolate us from person-to-person interactions that seem to be sadly fewer and farther between?