Obamnomics

Obamanomics: McDONALD’S Sales Worst in a DECADE

McDonald’s Corp. (MCD), the world’s largest restaurant chain, posted the worst same-store sales decline in more than a decade, hurt by sluggish demand in the U.S. and a health scare involving a Chinese supplier. Sales at stores open at least 13 months fell 3.7 percent in August, the Oak Brook, Illinois-based company said in a…

Dozens of Corporations Fleeing America

On Tuesday, Burger King announced that it would spend some $11 billion to buy Tim Hortons Inc., a Canadian breakfast food chain, and then merge Burger King into it, thereby turning what was once a major American company into a major Canadian one. As the Washington Post reports, Burger King would “move the company’s headquarters…