Starbucks Corporation (SBUX) Urges Fiscal Cliff Solution

0

Starbucks Corporation (NASDAQ:SBUX) is planning on using its coffee cups to deliver an important message to U.S. lawmakers. Starbucks has asked workers in its 120 stores in the Washington, D.C. area to write the words “come together” on the cups of all customers who come into their shops on Thursday and Friday.

The coffee chain wants lawmakers to make a deal regarding the fiscal cliff, a package of significant tax increases and spending cuts that will likely slow the growth of the economy, which is just starting to pick up steam.

The campaign is meant to rally the public to urge their lawmakers to press for a solution to the fiscal cliff in the last few remaining days of the year. The deadline to fix it is Jan. 1, and many economists believe the economy will fall back into a recession if the fiscal cliff is allowed to happen.

Hedge Fund Launches Jump Despite Equity Market Declines

Last year was a bumper year for hedge fund launches. According to a Hedge Fund Research report released towards the end of March, 614 new funds hit the market in 2021. That was the highest number of launches since 2017, when a record 735 new hedge funds were rolled out to investors. What’s interesting about Read More

Starbucks Corporation (NASDAQ:SBUX) CEO Howard Schultz told Reuters, “We’re paying attention, we’re greatly disappointed in what’s going on and we deserve better.”

Schultz joins a rapidly growing list of CEOs and business and political leaders who are joining the Campaign to Fix the Debt, a non-partisan group that’s urging lawmakers to fix the fiscal cliff before it happens.

Also Starbucks Corporation (NASDAQ:SBUX) said it is expanding its fiscal cliff message using social media, including Facebook and Twitter. Schultz also called for a boycott of political contributions in 2011 during the debate over the country’ debt ceiling.

“There is something so wrong that we can be here again and not have the ability to put party aside for the betterment of the country,” Schultz told Reuters. “We have the same language and rhetoric. Unfortunately we aren’t learning much.”

Updated on

Michelle Jones is editor-in-chief for ValueWalk.com and has been with the site since 2012. Previously, she was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Email her at Mjones@wordpress-785388-2679526.cloudwaysapps.com.
Previous article Gary Shilling Wins With The Worst Call of 2012 [VIDEO]
Next article Toyota Forecasts A Record 2% Growth For 2013

No posts to display