GOOD DAY FOR: A hasty retreat, after Starbucks said it’s closing three-quarters of its locations in Australia in the next five days. Starbucks opened the first of its 84 Australian stores eight years ago, entering a market with an existing European-style cafe culture. Starbucks said the 61 Australia store closures were not indicative of its otherwise strong international operations. (Bloomberg)
BAD DAY FOR: Taking a victory lap, as the recent drop in U.S. gas prices is due in large part to a drop in driving. The collective cutback in driving was so effective that Transportation Secretary Mary Peters warned of gas-tax-funded highway and bridge money shortfalls. A report Monday said that Americans drove 3.7 percent fewer miles in May than in May 2007, the seventh straight monthly decline. (Los Angeles Times)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why all drugs should be legal. (Yes, even heroin.)
- 7 ideas from ancient thinkers that will improve your modern life
- What would a U.S.-Russia war look like?
- Why you should really take a nap this afternoon, according to science
- Here's the schedule very successful people follow every day
- Comic-Con 2014: Everything we learned about Avengers 2, Batman v. Superman, and more
- How to trim $500 from your monthly spending
- The forgotten victims of the war in Ukraine
- The big, gaping hole in the liberal policy arsenal
- Are there too many good shows on television?
Subscribe to the Week