Good day, Bad day
Turning on a dime, French pride
GOOD DAY FOR: Turning on a dime, after the major record labels, in a new embrace of digital music, have moved to sell songs for 10 cents apiece. The catch? You can only listen to the songs through a Web browser. “The psyche of the music industry right now is that not experimenting is riskier than experimenting,” said Warner Music Group’s Michael Nash. (Los Angeles Times)
BAD DAY FOR: French pride, as changing tastes and economic hardships are driving the French to McDonald’s and hurting home-grown bistros. Some 3,000 independent French restaurants filed for bankruptcy in the first half of the year, a 27 percent jump over a year earlier. “A hamburger patty and fries in a bistro around the corner from my office costs almost twice as much,” said Paris computer programmer Alexandre Cavanel. (Bloomberg)
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