Restaurant Industry Saddled With Debt, Faces Reckoning
The consequences of the last decade of cheap capital and artificially low-interest rates are rearing their ugly head in the restaurant industry – and they’re just in time for a nice global consumer spending slowdown.Debt relative to earnings among companies in the Russell 2000 Restaurants Index is now near the highest on record, according to…
US Targets Vast ‘Food Corruption Scam’ In Fresh Venezuela Sanctions
Though international and mainstream media have largely moved on from Venezuela following a failed US-backed coup against socialist president Nicolas Maduro, the US continues to hit the economically collapsed country with more sanctions. On Thursday the US Treasury announced it's taking aim at a vast "food corruption network," imposing sanctions on 10 people and 13…
