23 October 2018 FT — Articles to Read

23 October 2018


Question: According to MSN: Lifestyle, what are 21 annoying coffee shop habits you have, according to Starbucks Baristas?


Rome defies Brussels with refusal to pare back spending – Pg. 1

–        …insisting that breaking the EU’s fiscal rules would not threaten the currency union’s stability

–        Rome’s refusal to budge marks the first time a member of the currency union has ignored a Brussels reprimand since EU fiscal rules were overhauled at the height of the Eurozone crisis

–        It also sets Italy’s governing coalition on a collision course with the European Commission, which is expected today to demand that Rome resubmit its 2019 budget, an unprecedented move by Eurozone authorities.  If Italy fails to comply, it faces millions of euros in fines


Chinese stocks surge after encouragement from Beijing – Pg. 1

–        China stocks had their biggest one-day gain in almost three years yesterday in a dramatic rebound…


US midterms poised for millennial moment – Pg. 3

–        Of those motivated millennials and Generation Z post-millennial voters, the majority were “heavily leaning” towards Democratic candidates,…

–        This is in contrast to other age groups, which tend to be evenly split between the two parties.  If close to 30% of the under-30 voting population does turn out in November, it would be the highest proportion for that demographic in more than three decades

–        Millennials, or those born between the early 1980s and the mid-1990s, had been notable as a generation for wanting to improve their community through volunteering or philanthropy,…

–        …while the post-millennial generation had been interested in using the existing political system to improve their community…


Tech trade no longer safe bet for investors – Pg. 19

–        On Wall Street, the outlook for tech companies is at the heart of the debate over the health of the wider bull market for US stocks which, by some measures, is the longest on record

–        Tech accounts for more than 20% of the market value of the S&P 500 whereas a more than fivefold gain for the information technology sector since equities bottomed in 2009 has helped drive stocks higher

–        The bank calculated that the tech companies account for about 30% of the market capitalization of the S&P 500 if you cut across the official sector breakdowns…


Answer: (1) You are totally unprepared; (2) You’re an indecisive Starbucks addict; (3) You ask a million questions; (4) You don’t care about my answers; (5) You refuse to put your phone down; (6) You take your morning stress out on your barista; (7) You don’t have your money ready; (8) You think mobile ordering is instant; (9) You don’t read the large print; (10) You keep pushing for something that’s run out; (11) You act entitled; (12) You have your nose in your phone while waiting; (13) You get impatient waiting for a complicated drink; (14) You don’t trust my judgment; (15) You don’t realize what you’re ordering; (16) You blame me when you order wrong; (17) You think you know better than me; (18) You decide you don’t like it halfway through; (19) You ask for multiple remakes; (20) You leave your trash lying around; (21) You’re messier than you should be (Prof Note: I remember when I worked for the fund.  Every day I was in DC (no more than one day a week) I purchased Starbucks for the office.  The two analysts would go out armed with my credit card/cash.  Finally, one day one of them came to me and said, “Can you talk to the secretary.  It is embarrassing.  She gets half a squirt of this, 2.5 squirts of that.  What is worse, she then calls the store, complains, and they give her a free voucher for another coffee.  The Starbucks knows us and hates us now!”  I said, “WHAT???  That is MY free voucher!”  The result was that I spoke to her later that day and said she had to order directly off the Starbucks menu or no more free coffee.  The analysts were not doing anything custom.”)