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Google criticized AI Overview obvious errors correction
  + stars: | 2024-05-24 | by ( ) www.cnbc.com   time to read: 1 min
This article has been updated to reflect the correct name of Google's AI Overview. Also, an earlier version of this article included a link to a screenshot that Google later confirmed was doctored.
Organizations: Google
The bus was ferrying travelers to the train station to board the Trans-Siberian railway. Like Marie-Claire, Elaine had been working in Japan for a while, teaching English. Flirting in MongoliaMarie-Claire and Elaine were strangers who happened to be both traveling via the Trans-Siberian railway. She also shared the news with her extended network of New York friends. Elaine, Marie-Claire and their son Marcello have a family motto, based around their shared initials, EMC.
Persons: CNN — Marie, Claire Martineau couldn’t, Elaine Comerford, Marie, Claire, Elaine, , Elaine broached, they’d, , Claire couldn’t, ” Marie, they'd, Claire Martineau Marie, who’d, , she’d, That’s, ” Elaine, “ Marie, Wolfgang Kaehler, we’d, Steve, ” Here's Marie, Claire Martineau, you’ve, Elaine didn’t, weren’t, Diane, “ Diane, ‘ Let’s, She’d, Claire’s, , Marie Claire, Marcello, Here's Marie, “ We’ve, We’ve, we’ve, Anna Maria, Cliare, it’s Organizations: CNN, CNN Travel, Queens, Maison Internationale, EMC Locations: France, Japan, Europe, Eastern Europe, Budapest, Vienna, Boston , Massachusetts, Boston, New York City, Marie, New York, Beijing, China, Moscow, Mongolia, Russia, Asia, Mongolia Marie, Siberia, Germany, Turkey, Greece, Hungary, , Austria, Manhattan, Queens, Midtown, , Provincetown , Massachusetts, Thailand, Vietnam, Colombia, Ecuador, United States, Anna Maria Island , Florida, Florida
Memorial Day weekend, the traditional launching pad of the summer travel season, is shaping up to set a scorching pace. United is expecting the biggest Memorial Day and summer travel season in the airline’s 98-year history, according to Andrew Nocella, United’s executive vice president and chief commercial officer. Air traffic controller shortageThe air traffic control tower at Los Angeles International Airport is a busy place. The United States is still short thousands of air traffic control personnel. Markus Mainka/imageBROKER/ShutterstockDespite a surge in hiring last year, air traffic control stations nationwide are still about 3,000 controllers short, according to new FAA numbers.
Persons: it’s, Andrew Nocella, Markus Mainka, Scott Keyes, , ” Keyes, Tayfun, Bob Thomas, haven’t, Elijah Nouvelage, Keyes, , Antonio Masiello, he’s, Angela Fritz Organizations: CNN, Federal Aviation Administration, Transportation Security Administration, TSA, American Airlines and United Airlines, Airlines for America, Airlines, America, Air, Los Angeles International, FAA, CNN Travel, San Francisco International, Anadolu Agency, Embry ‑ Riddle Aeronautical University, Aircraft, Travelers, Hartsfield, Jackson Atlanta International Airport, Getty Locations: United States, New York City, Florida, New York, Miami, Chicago, Atlantic, AFP, Rome, Europe, Mexico, Australia, Paris, Iceland, Dublin, CNN’s
Pope Francis opens the "Holy Doors" at St. Peter's Basilica to mark the start of the Jubilee Year of Mercy. Now the hope is to have the line’s showcase Piazza Venezia stop, featuring an eight-story underground museum, ready in 10 years, according to engineer Andrea Sciotti, who is in charge of the metro museum complex. Each will be placed exactly where it was found inside the metro museum, which is being dug some 85 meters (280 feet) deep, encompassing eight stories below the modern city of Rome. The Venezia station museum stop is not the only treasure on the new line. In 2025, the new Colosseo-Fori station, complete with a four-level underground museum to showcase artifacts including 25 archaic wells unearthed when it was built, will also open after activation tests, meant to begin in October, are completed.
Persons: Rome, it’s, wasn’t, Pope Francis, Mercy, VINCENZO PINTO, Emperor Hadrian’s, Andrea Sciotti, Jesus Christ, , ” Sciotti, Emperor Hadrian's, Stefano Montesi, Sciotti, It’s, Organizations: Rome CNN —, San, Vatican, AFP, Piazza Venezia, CNN, Corbis, Roman, Palazzo Venezia, Colosseum Locations: Rome CNN — Rome, San Giovanni Cathedral, Peter’s, St, AFP, Rome, San Giovanni, Italy, London ., Venezia
Singapore Airlines has tweaked its in-flight seatbelt sign policies and altered at least one flight route after a turbulence incident this week killed one person and left dozens more hospitalized, according to the airline and flight data. The airline is adopting a more cautious approach to turbulence, including not serving hot drinks or meals when the seatbelt sign is on, it said in a statement to Singapore broadcaster Channel News Asia. “SIA will continue to review our processes, as the safety of our passengers and crew is of utmost importance,” it said. The daily London-to-Singapore route SQ321 has completed two flights since the incident and not flown over the part of Myanmar where the sudden turbulence occurred about three hours before scheduled landing. They flew instead over the Bay of Bengal and Andaman Sea, route data from flight tracker FlightRadar 24 shows.
Organizations: Singapore Airlines, Channel News Asia, “ SIA, Boeing, Srinakarin Locations: Singapore, London, Bangkok, SQ321, Myanmar, Bengal, Andaman
European Union flags fly outside the European Commission building in Brussels, Belgium, on April 12. They add: “It was precisely to avert such a grim world order that our grandparents, witnesses of the horrors of World War II, created Europe. The calls come in the same week that three European countries – Ireland, Spain and Norway - announced plans to formally recognize a Palestinian state. Although Norway is not an EU member, the plans do have the potential to exert greater pressure on the countries’ western allies to take a tougher stance on the Israel-Hamas conflict. But the move is not a coordinated European effort and the bloc has long struggled to speak with one voice.
Persons: Kenzo Tribouillard, , Organizations: European Commission, Getty, European, EU Locations: Brussels, Belgium, AFP, Gaza, Israel, Europe, Ireland, Spain, Norway, Palestinian
How private equity rolled Red Lobster
  + stars: | 2024-05-24 | by ( Gretchen Morgenson | ) www.cnbc.com   time to read: +9 min
In this photo illustration, a cooked lobster is displayed on a plate at a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Under the terms of the sale, Red Lobster would also see regular rent increases of 2% a year, the release noted. "All of the people who were supplying Red Lobster, all of the people who are essentially providing services to Red Lobster, the small businesses in the communities affected by mass layoffs, they are next in line, they are experiencing the ripple effect." Sen. Edward Markey, a Democrat from Massachusetts, where eight hospitals operated by bankrupt Steward Health Care are, recently held hearings on private equity and health care. Private equity is emerging in all parts of our economy, Markey added, but its most profound impact is in health care.
Persons: didn't, Josh Olshansky, leaseback, Red, Moody's, Andrew Park, Oscar, Robert Reich, Bill Clinton, America's, Reich, Austin Hurst, Hurst, Sen, Edward Markey, Markey Organizations: Sears, Mervyn's, Steward, Manor Care, Companies, Golden, American Realty Capital Partners, Realty, Lobster, Financial Reform, Thai Union Group, Thai Union, Steward Health, Department of Health, Human Services Locations: Austin , Texas, Canada, San Francisco, Golden, Bangkok, Thai, Arizona, Massachusetts
America has a new favorite brand: Nvidia, the computer chip company that's helping power an artificial intelligence revolution. The result is a measurement "of the reputations of companies most on the minds of Americans," Axios wrote on Wednesday. Both Nvidia and second-place 3M — a multi-industry conglomerate based in Maplewood, Minnesota — were the only two companies on the list to score an "excellent" reputation. Other consumer brands from last year's top five — Costco, Trader Joe's and Chick-fil-A — rank 11th, 13th and 21st, respectively. 3 on last year's list, didn't qualify as one of the country's most-visible companies this year.
Persons: Axios Harris, Axios, Harris, Jensen Huang, Huang, Joe's, John Deere Organizations: Nvidia, Fidelity, Sony Adidas, Honda Motor Company Patagonia Apple Samsung, Google, Forbes, Maplewood , Minnesota —, Costco, Trump Organization, Spirit Airlines, Meta, Fox Corporation Locations: America, Maplewood , Minnesota, Patagonia
A majority of Ace Hardware stores are located in neighborhoods. Courtesy Ace HardwareBarker is owner and operator of five Breed & Co Ace Hardware locations in the Austin, Texas, area. We count on people coming in everyday to buy a gift item from us.”This hybrid hardware-home goods-curio model is setting Ace Hardware stores apart. “They are essentially shareholders, they own the brand and the company,” said Kim Lefko, chief marketing officer of Ace Hardware. It just launched its first Ace-branded food product, a line of BBQ sauces, and a collection of Ace Hardware vintage-inspired clothing.
Persons: New York CNN — Mahin Barker, , Sherwin Williams, ” Neil Saunders, Hardware’s, today’s, Michael Brown, It’s, , Barker, ” Barker, we’ve, ” Brown, “ We’ve, Kim Lefko, Lefko, John Madden, Pat Summerall, Michael Wynn, Vera Bradley, ” Wynn, Wynn Organizations: New, New York CNN, Home Depot, Hardware, Ace Hardware, Globaldata, , NFL, Acon Investments, Sunshine Locations: New York, West Lake Hills, Austin , Texas, Brook , Illinois, Placer, remodels, Lake Hills, Chicago, Southern Florida, Florida
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Wall Street was bouncing higher Friday after, as Jim Cramer put it, a "really bad day" in the prior session. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Thursday's, Goldman Sachs, Cramer, Eli Lilly, Locker, Mary Dillon, Nike isn't, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Novo Nordisk, Costco, Nike, Jim Cramer's Charitable Locations: America, Indiana
“I woke up, I said, ‘I wonder, will it be hostile or will it be friendly?’” Mr. Trump said. It was a love fest.”As is often the case during Mr. Trump's speeches, the truth was a bit more complex. But Mr. Trump observed that Mr. Levitt had exited his business too early and was unable to make a comeback when he wanted to years later. The reason, Mr. Trump said, was that he had squandered his momentum. “You have to always keep moving forward,” Mr. Trump said.
Persons: Miles, Donald J, Trump, , , , Biden, Hiroko Masuike, Trump’s, , Unprompted, Mr, Indiana Mitchell, Rafael Brito, ” Mr, Brito, Melvin Howard, William Levitt, Levitt, ” Jeffery C, Mays Organizations: New York State, Trump, South Bronx . Credit, New York Times, Dominican, Queens, New York Police Department Locations: Bronx, New York, York City, Crotona, Florida, “ New York, South Bronx, United States, Dominican Republic, , Central Park, Long
It automatically raises workers' savings rate each year, often by 1 percentage point at a time up to a cap. In an ideal world, workers would be saving at least 15% of their annual pay in a 401(k) plan, Lander said. Automated 401(k) savings is more widespreadAuto-escalation has become more widespread alongside automatic enrollment, which is when employers divert a portion of workers' paychecks into a 401(k) if they don't sign up voluntarily. Most, or 84%, of these 401(k) plans raise workers' savings rate by 1 percentage point a year. (This example doesn't account for additional financial factors like taxes or annual pay increases.)
Persons: Ellen Lander, Lander Organizations: Renaissance, of America, Finance, U.S, Labor Locations: Pearl River , New York
Morgan Spurlock, Oscar-winning documentarian, dead at 53
  + stars: | 2024-05-24 | by ( Tom Page | ) edition.cnn.com   time to read: +3 min
CNN —Morgan Spurlock, the filmmaker and former CNN series host whose McDonald’s documentary “Super Size Me” was nominated for an Academy Award, died of cancer complications Thursday, according to his family. Spurlock, who was 53, died in New York, surrounded by family and friends, his brother said in a statement. “It was a sad day, as we said goodbye to my brother Morgan,” Craig Spurlock said. For several years, Spurlock served as host of a popular CNN Original series, “Morgan Spurlock Inside Man.”Born in Parkersburg, West Virginia, the future filmmaker was raised in Beckley, where he graduated from Woodrow Wilson High School. His film “Super Size Me 2: Holy Chicken” was released in 2019.
Persons: CNN — Morgan Spurlock, , Spurlock, Morgan, ” Craig Spurlock, “ Morgan, ” Spurlock’s, Osama bin Laden, Homer Simpson, “ Morgan Spurlock, Osama Bin Laden, “ I’ve Organizations: CNN, Woodrow Wilson High School, New York University, Sundance Film, Writers Guild of America, Hulu Locations: New York, McDonald’s, Parkersburg , West Virginia, Beckley, York
CNN —Facing a crowd of journalists, inventor Thomas Midgley Jr. poured a lead additive over his hands and then proceeded to inhale its fumes for about a minute. Unfazed, he said, “I could do this every day without getting any health problems whatsoever.”Soon afterward, Midgley needed medical treatment. The task of addressing the issue of engine knocking fell to Midgley while he was working at General Motors in 1916. An estimated 1 million people a year still die from lead poisoning, according to the World Health Organization. The toxicity of lead was already well-known when Midgley added it to gas, but that didn’t stop Ethyl from becoming a commercial success.
Persons: Thomas Midgley Jr, , , Midgley, , Ford, Gerald Markowitz, Colin Creitz, Charles Kettering, ” Markowitz, ” Midgley, Bill Kovarik, Midgley —, Kettering —, Freon, Joe Sohm, CFCs, Perkin, Priestley, Kettering, Willard Gibbs, Carl E, ” Kovarik, Markowitz, I’m Organizations: CNN, General Motors, City University of New, GM, Standard Oil, DuPont, Network, UNICEF, World Health Organization, Radford University, America, Montreal Protocol, International Association for Suicide Prevention, Befrienders, Society of Chemical Industry, American Chemical Society, National Academy of Sciences, TNT, Linde Locations: Beaver Falls , Pennsylvania, United States, City University of New York, Algeria, American, Dayton , Ohio, Virginia, Montreal, Chicago
CNN —As Supreme Court justices try to resolve more than a dozen major cases over the next month, including whether Donald Trump must stand trial for election subversion, they appear mired in antagonism and distrust. Conservatives, who indeed hold the upper hand on the 6-3 court, nonetheless spike their writing and remarks with derision for the left. When the court majority allowed Louisiana state officials to use a map with a second majority-Black congressional district (over the protest of a GOP-backed group of White voters), the three liberals dissented. (A lower US court had referred to it as the “bleaching of African American voters” from the district.) Dissenting liberals emphasized that the decision reversing the lower court undercut a 2017 Supreme Court ruling, Cooper v. Harris, issued before the far-right majority took hold.
Persons: Donald Trump, Samuel Alito, Alito, Elena Kagan, Clarence Thomas, Ketanji Brown Jackson, John Roberts, Richard Nixon, Bill Clinton, Sonia Sotomayor, Kagan, Jackson, Blacks, Purcell, , Amy Coney Barrett, , ” Barrett, Roberts, ” They, Bush, Feedback Kavanaugh, Gore, Cooper, Harris, ” Kagan, ” Alito, Joe Biden’s, Biden, Martha, Ann, , Alito tersely, Kagan’s, Edwin Kneedler, ” Roberts, Kneedler, Joshua Turner, Sotomayor, ” Sotomayor, Turner, interjected Organizations: CNN, Trump, Consumer Financial Protection Bureau, Liberal, GOP, White voters, Congress, Gore, South, American, Capitol, New York Times, US Justice Department Locations: America, Colorado, South Carolina, Carolina, Louisiana, Virginia, New Jersey, American, Alito’s, Jersey, Grants Pass , Oregon, Idaho, The Idaho
“It is time to break it up.”It is difficult to overstate just how thoroughly Live Nation, which acquired Ticketmaster more than a decade ago, controls live entertainment in America. Through Ticketmaster, Live Nation controls 80% of venues’ primary ticketing for concerts. There’s a fine line between vertical integration and all-out monopoly, and Live Nation is, at minimum, very clearly toeing it. Artists, fans and venues have been complaining about Live Nation and Ticketmaster pretty much since they agreed to merge in 2009. Live Nation, Wolfson said, is likely to come out swinging.
Persons: CNN Business ’, Caitlin Clark, wasn’t, General Merrick Garland, Swift, Taylor, Sen, Richard Blumenthal, Garland, Swiftie, ” Adam Wolfson, Quinn Emanuel, Eventbrite, Wolfson, … we’re, there’s Organizations: CNN Business, New York CNN, Justice Department, Ticketmaster, DOJ, Artists, Senate, Democrats Locations: New York, United States, America, North America,
We were going to Paris to see Taylor on May 9, 2024. AdvertisementStrong enjoyed every moment of the Taylor Swift concert in Paris. When Jennifer asked if I wanted to see Taylor with her in Paris, it was a no-brainer. Five of us went to the concert, including Jennifer, 32, another granddaughter, Brianne Pattison, 36, and my daughter-in-law, Kay Strong, 66. I'm happy that the younger generation knows there are older people like me who love to have fun in their life.
Persons: , Nancy Strong, Jennifer, Taylor Swift's, We've, — I, Taylor, I've, Taylor Swift, she'd, Asa, Strong, Jennifer Strong, Brianne Pattison, Kay Strong Organizations: Service, Business, MTV, Kanye West Locations: New York, Europe, Paris, Dallas, Reading , Pennsylvania, Reading, Antarctica, South America, Amsterdam, Anthropologie
Never before has the Jewish state come under such intense and sustained international pressure from multiple fronts for its policies towards the Palestinians. But the most significant of those may be the legal and diplomatic action taken against Israel this month. They have accused critics of antisemitism and vowed not to relent in the face of international pressure. Israel and the US maintain that a Palestinian state should only be established through a negotiated settlement. This week, Ireland, Spain and Norway announced plans to formally recognize a Palestinian state, saying they hope the move would prod other European nations to follow suit.
Persons: CNN — It’s, Benjamin Netanyahu, Yoav Gallant, Sudan’s Omar Al Bashir, Russia’s Vladimir Putin, Libya’s, Israel’s, ” Netanyahu, Yolanda Díaz, Israel, Netanyahu, Bill Burns, Gallant, CNN’s Christiane Amanpour, Karim Khan, Putin, , Ismail Haniyeh, Yahya Sinwar, Mohammed Deif, Antony Blinken, we’re, Lindsey Graham Organizations: CNN, Criminal Court, International Court of Justice, Hamas, United Nations, UN, Assembly, US, CIA, AFP, Getty, ICJ, ICC, Global Locations: Israel, Gaza, Rafah, Palestinian, Ireland, Spain, Norway, Palestine, Europe, Asia, Africa, South America, Germany, Nicaragua, United Kingdom, France
You’d think that would mean the economy is coasting, since periods of low unemployment are generally associated with higher rates of economic prosperity. That seems to be the case with a lot of recent economic data: No piece of good news comes without other evidence that give economists pause. “I wouldn’t give the economy a clean bill of health,” said Gregory Daco, chief economist at EY. But given consumer spending is one of the biggest drivers of the economy, a pullback can have adverse effects, too. The uglyThe biggest flashing red light in the economy right now is the level of debt people are racking up.
Persons: Zers, , Gregory Daco, Joe Biden, there’s, Donald Trump’s, Here’s what’s, Christopher Waller, ” Waller, ” David Alcaly, Daco, ” Sung Won Sohn Organizations: New, New York CNN, EY, of Labor Statistics, Federal, Gov, Lazard, CNN, New York Fed, Loyola Marymount University, SS Locations: New York, Wisconsin
Rian Johnson is taking Benoit Blanc back to America in "Wake Up Dead Man." "Knives Out" is set in a quirky mansion in Massachusetts, while "Glass Onion" takes place on a Greek island owned by Edward Norton's egotistical billionaire, Miles Bron. Business Insider spoke to director Rian Johnson back in December 2022, and he revealed that "Wake Up Dead Man" will be set in the US. I obviously couldn't work during the strike, and now that it's over, I'm diving in full force, and so it's coming along," said Johnson. "I've got the premise, I've got the setting, I've got what the movie is in my head.
Persons: Rian Johnson, Benoit Blanc, Daniel Craig, Edward Norton's, Miles Bron, Johnson, he's, I've, It's Organizations: Netflix, Business, Writers Guild of America Locations: America, Massachusetts, Paris
Opinion | Nikki Haley’s Path Back to Donald Trump
  + stars: | 2024-05-24 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Haley Will Vote for Trump, but Withheld Endorsement” (news article, May 23):Nikki Haley adds her name to the ever-growing list of prominent Republicans who at one time or another have been on record as being highly critical of Donald Trump, including questioning his fitness for office, and have changed their tune. What stands out about Ms. Haley, and which makes her cravenness all the more disheartening, is that she presented herself as a serious, thoughtful candidate, one who had no illusions about the myriad dangers that Mr. Trump poses to the country. Her ultimately falling in line with so many of her fellow sycophantic Republicans to support Mr. Trump, a man whom I suspect many of them loathe in private, speaks volumes about how the G.O.P. has been utterly co-opted in a manner that places political expediency and, in the case of potential vice-presidential candidates such as Ms. Haley, personal ambition over principle and respect for the rule of law. To the Editor:Years into America’s flirtation with fascism, it would be easy to roll your eyes and ask yourself, “What did you expect?” at Nikki Haley’s announcement that she will vote for Donald Trump this year.
Persons: “ Haley Will, Nikki Haley, Donald Trump, Haley, Trump, Mark Godes Chelsea, Nikki Haley’s Organizations: Trump, Republicans
Read previewThe loss of a B-2 Spirit bomber due to fire and its subsequent retirement highlights the fragility of the US Air Force's bomber fleet. A US Air Force airman poses in front of a B-2 Spirit at Whiteman Air Force Base Missouri. Pictures From History/Universal Images Group via Getty ImagesThe B-21 Raider bomber is criticalThere is a silver lining to America's bomber fleet decline in the B-21 Raider. US Air Force photoWashington must recognize the strategic failure of a small and antiquated bomber fleet. Facilitating the on-time deployment of the next generation bomber cannot come too soon in order to restore the size and strength of America's bomber fleet.
Persons: , Sheila deVera, Sadie Colbert, Austin McIntosh, America's Organizations: Service, US Air Force's, Raider, Business, Joint Base Elmendorf, Richardson , Alaska . US Air Force, Pentagon, Air Force's, US Air Force, Whiteman Air Force Base Missouri, Staff, Air Force, Air, Ship Missiles, Ellsworth Air Force Base, Senior, US Air Force Boeing, Getty, White, Congress Locations: Richardson , Alaska, United States, South Dakota, Vietnam, Palmdale , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Korea likely to cut rates before inflation hits the 2% target: Morgan StanleyKathleen Oh of Morgan Stanley discusses the effectiveness of fiscal provisions for households in Korea, and her interest rate outlook for the Bank of Korea.
Persons: Morgan Stanley Kathleen Oh, Morgan Stanley Organizations: Email Bank of, Bank of Locations: Email Bank of Korea, Korea, Bank of Korea
Morgan Spurlock in town talking to the Herald's Tenley Woodman about his new movie. Documentary filmmaker Morgan Spurlock, an Oscar nominee whose most famous work skewered American food and diets and who notably ate only at McDonald's for a month to illustrate the dangers of a fast-food diet, has died. Spurlock made a splash in 2004 with his groundbreaking film "Super Size Me," which was nominated for an Academy Award. The film chronicled the detrimental physical and psychological effects of Spurlock eating only McDonald's food for 30 days. He returned in 2019 with "Super Size Me 2: Holy Chicken!"
Persons: Morgan Spurlock, Woodman, Spurlock, Morgan, Craig Spurlock Organizations: Associated Press Locations: New York, America
In his article for a 1945 issue of The Journal of Farm Economics, he settled on just five foods based on their August 1939 prices, in these quantities per year: 370 pounds of wheat flour, 57 cans of evaporated milk, 111 pounds of cabbage, 23 pounds of spinach and 285 pounds of dried navy beans. Stigler hastened to say that this was purely an academic exercise, not a diet recommendation. “It would be the height of absurdity to practice extreme economy at the dinner table in order to have an excess of housing or recreation or leisure,” he wrote. Still, I thought of the Stigler diet this week when the news came out that Red Lobster, the seafood restaurant chain, had cracked under pressure and filed for Chapter 11 bankruptcy protection. One source of its problems — not the biggest, but the easiest for customers to grasp — was an every-day-all-you-can-eat shrimp promotion last year that got too popular and was a key reason for an $11 million quarterly operating loss.
Persons: George Stigler, , Organizations: Farm Economics
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