Advertisement
The apocalypse has now officially arrived.
news.yahoo.com/s/ap/20091...cdonald_s_1
"REYKJAVIK, Iceland – The Big Mac, long a symbol of globalization, has become the latest victim of this tiny island nation's overexposure to the world financial crisis.
Iceland's three McDonald's restaurants — all in the capital Reykjavik — will close next weekend, as the franchise owner gives in to falling profits caused by the collapse in the Icelandic krona.
"The economic situation has just made it too expensive for us," Magnus Ogmundsson, the managing director of Lyst Hr., McDonald's franchise holder in Iceland, told the Associated Press by telephone on Monday.
Lyst was bound by McDonald's requirement that it import all the goods required for its restaurants — from packaging to meat and cheeses — from Germany.
Costs had doubled over the past year because of the fall in the krona and high import tariffs on imported goods, Ogmundsson said, making it impossible for the company to raise prices further and remain competitive with competitors that use locally sourced produce.
A Big Mac in Reykjavik already retails for 650 krona ($5.29). But the 20 percent increase needed to make a decent profit would have pushed that to 780 krona ($6.36), he said.
That would have made the Icelandic version of the burger the most expensive in the world, a title currently held jointly by Switzerland and Norway where it costs $5.75, according to The Economist magazine's 2009 Big Mac index...."
news.yahoo.com/s/ap/20091...cdonald_s_1
"REYKJAVIK, Iceland – The Big Mac, long a symbol of globalization, has become the latest victim of this tiny island nation's overexposure to the world financial crisis.
Iceland's three McDonald's restaurants — all in the capital Reykjavik — will close next weekend, as the franchise owner gives in to falling profits caused by the collapse in the Icelandic krona.
"The economic situation has just made it too expensive for us," Magnus Ogmundsson, the managing director of Lyst Hr., McDonald's franchise holder in Iceland, told the Associated Press by telephone on Monday.
Lyst was bound by McDonald's requirement that it import all the goods required for its restaurants — from packaging to meat and cheeses — from Germany.
Costs had doubled over the past year because of the fall in the krona and high import tariffs on imported goods, Ogmundsson said, making it impossible for the company to raise prices further and remain competitive with competitors that use locally sourced produce.
A Big Mac in Reykjavik already retails for 650 krona ($5.29). But the 20 percent increase needed to make a decent profit would have pushed that to 780 krona ($6.36), he said.
That would have made the Icelandic version of the burger the most expensive in the world, a title currently held jointly by Switzerland and Norway where it costs $5.75, according to The Economist magazine's 2009 Big Mac index...."
Advertisement
Advertisement
-
Re: Iceland says goodbye to the Big Mac
Mon, October 26, 2009 - 12:37 PMI've been kinda a veggie hermit for 7 years but I'm trying to get a bit normal so I went for a macdonalds and was shocked how expensive it was...
it was a bit disgusting but also kinda good and it was curious to see how happy and healthy and fertile all the junkfooders looked...
all the talk of economic gloom fits my situation but when I go to town it looks like people have never had it so good...
and in fact the french used to resist fast food a bit but they are totally into it now...
a change that's been quite radical over the last 12 years... -
-
Re: Iceland says goodbye to the Big Mac
Mon, October 26, 2009 - 2:35 PM"and in fact the french used to resist fast food a bit but they are totally into it now..."
Just had to serve alcohol with it to take off.
www.youtube.com/watch
I had a double quarter pounder with cheese the other day sans bun and fries. I've lost about 20 lbs in the last few months cutting carbs down to minute levels. My blood sugar has never been better (since testing it) - have had to cut my insulin intake in half. Pretty soon I'll be off of it. -
-
Re: Iceland says goodbye to the Big Mac
Mon, October 26, 2009 - 2:53 PMyeah I'm the opposite...
since I went whacko and quit everything to escape the neighbours I got sick and put on weight...
I quite liked giving up booze because with nobody nice around the social drinking just became horrific...
and then the meat looks kinda horrific with all the drunks gathered around the cadavre...
but what messed me up was quitting the chainsmoking to show the junky kids what a holy man I am... hahaha
cigs were the only thing that made my life worth living...
and then biscuits and immobility made me blubbery like I should be able to float in the arctic and not feel the cold... hahaha
I need to get back to the profane world and unspeakable sausages washed down with plonk and suck on some lucky strikes... hahaha
that way I might get slim again and find myself an uberbabe heiress that likes old toothless guys with no prospects and bad attitude... hahaha
get some of my good old charisma back... hahaha
www.youtube.com/watch -
-
Re: Iceland says goodbye to the Big Mac
Mon, October 26, 2009 - 3:02 PMI think you should have crossed the pond and settled in America. The ladies really dig the British accent and French words. Just tell 'em you're with band and you'll be golden. -
-
Re: Iceland says goodbye to the Big Mac
Mon, October 26, 2009 - 3:21 PMnah I don't think so...
I mean I worked for a handsome young jewish american guy in paris and the girls are seriously all over him and he said I should of tried out NYC...
but I'm a poor artist and couldn't afford a drain to beg from in NYC...
in fact I don't know how I'm not dead already...
I think with the combination of factors such as intellectuality and race and poverty and disconnection I'd of had to be a seriously nasty guy to get any positive female attention...
america wouldn't of been much different but maybe a bit better depending on the region...
things look like they are changing though so maybe if I'd of been born later or gay things could of been cool...
it is really kinda weird because my peers always got lots of ladies and pots of money whereas I was born to lose...
and losing is a perspective that doesn't flatter the world much... hahaha
-
-
Re: Iceland says goodbye to the Big Mac
Mon, October 26, 2009 - 3:29 PM -
-
Re: Iceland says goodbye to the Big Mac
Mon, October 26, 2009 - 3:45 PM
-
-
-
-
-
-
-
Re: Iceland says goodbye to the Big Mac
Tue, October 27, 2009 - 12:38 PMA country that has it's sanity back.
I did some electrical work at the head office of Mcdonalds here in Australian about ten--twelve years ago and was quite shocked by the building.
There imagery on display portrays RMcD as some kind of mother Teresa using images from the great depression to support what a true saint he is supposed to be. In the conference room is a lead-light window and when I saw it I realised it was the same image I'd seen as a very small boy in a golden book that taught the littlies about guardian angels. The image I remember is of an angel holding the hand of a little girl as they walk along a country path that leads to a forested horizon with a golden sunrise. On the sun is the word GOD.
The lead-light in the head office of Mcdonalds in Australia has this image except the angel has been replaced by RMcD and the word GOD has been replaced by a McDonald's store.
The legal department is the largest department in the office block and in the centre of the building where the lifts are there was something I thought a bit sus. The women's toilets were on the east, the fellows on the west side of the inner block. at the end of each toilet block was a change room with a single shower at the end. A door beyond the shower joined the male and female utilities via a steam room.
So all the lawyers at the McDonald's head office got naked and sweaty together and worked out how to bury lawsuits and take over rival burger joints.
There was also one other thing. A larger than life Milkin statue has him sitting on a park bench reading the financial times. I mean, if he was standing, he'd be seven feet tall.
More than the symbol of globalisation, I've always thought that McDonald's crossed the line between Corporate and Cult. -
-
Re: Iceland says goodbye to the Big Mac
Tue, October 27, 2009 - 12:39 PMAnother thing about McDonalds.
It tastes like Shit!!! -
-
Re: Iceland says goodbye to the Big Mac
Tue, October 27, 2009 - 12:46 PMsymbols are:
the clown
the thief
and a BIG 'M' .. m .. m ... m.. m.. ma...
hmm -
-
Re: Iceland says goodbye to the Big Mac
Tue, October 27, 2009 - 7:23 PMThe Golden Arches...very American Dream like imagery to compete with the Hamburgler and the Ronald. Was a real 50s and 60s phenomenen that grew with suburbia.
The biggest ad campaign they had was the jingle " You deserve a break today at McDonalds". Talk about indulgence reversals...
-
-
-
-
Re: Iceland says goodbye to the Big Mac
Tue, October 27, 2009 - 10:36 PMI've always thought of Ronald McDonald as some filthy sick pervert who lures young children into his den with promises of toys and games, then feeds them toxic shit and brainwashes them into blackmailing their parents into spending more money. The result is a world full of really sick, fat people with allergies to just about every food item.
I think we should treat RMcD the same way we treat any other pedophile. -
-
Re: Iceland says goodbye to the Big Mac
Wed, October 28, 2009 - 2:46 AM>>>Iceland says goodbye to the Big Mac
probably the best thing that will ever happen to that country!
-
Re: Iceland says goodbye to the Big Mac
Wed, October 28, 2009 - 8:36 AMhehehe Never quite thought of it that way Gerard but when you think of it that way it seems quite true
-
Re: Iceland says goodbye to the Big Mac
Wed, October 28, 2009 - 2:45 PM"I've always thought of Ronald McDonald as some filthy sick pervert who lures young children into his den with promises of toys and games, then feeds them toxic shit and brainwashes them into blackmailing their parents into spending more money."
It wasn't always that way.
franchises.about.com/od/most...tory.htm
"The Ray Kroc Story – McDonald’s Facts and History
In 1954, at the age of 52, Ray Kroc began a new age in franchising when he became the national agent for McDonald's.
Kroc, making his rounds as a milk shake mixer salesman, came across the McDonald brothers' (Richard and Maurice) small hamburger shop in Southern California. The establishment was simple, serving only a few items: hamburgers, french fries, soft drinks, and milk shakes. These two brothers became one of Kroc's best customers as they purchased several of his machines in his otherwise dying business.
Kroc, curious about why the McDonalds were purchasing so many mixers, investigated the establishment further. With his keen sense of what American consumers were looking for in eating out, Kroc suggested that the brothers expand their presence. As they asked how they could do so, he offered his services as their agent. That is how the little restaurants with the bright yellow arches began.
The First McDonald's
The first shop opened in 1955 in Chicago as the organization became the McDonald's Corporation. Six years later Ray bought out the founding brothers. By 1965 there were more than 700 sites in existence across the United States.
It wasn't long before McDonald's also caught on in several other countries. By 2003, the corporation held over 31,000 sites in 119 countries. Forty seven million people were being served every day and sales were at a hefty $17 billion.
Although Kroc did not create the concept of the chain restaurant, he saw a niche and developed the plan to transform burgers, fries and shakes into a huge empire. Kroc was a stickler for consistency and cleanliness in all of his establishments. In addition, he did everything he could to keep costs down so that even low income people could afford a meal out at McDonald's. .."
More Corporatism in action. On another note, I just watched an HBO documentary on the Garment Industry called "Shmatta: From Rags to Riches to Rags". One statistic that stood out for me was that in 1975 (when I worked for my father in his Junior Sportswear manufacturing company) 80% of clothing was made in the US. This year the number is 5%. Even the tragic Triangle Shirt factory fire of 1911 was offshored to Bangladesh in 2000 where young girls were locked into the factory and could not escape.
We export our jobs and our tastes leaving behind a shrinking middle class which fueled all this stuff in the first place. Now businesses must either cater to the rich or to the discount crowd with goods produced in China and other third world countries. Wal-mart, K-mart, Kohls are doing a bang-up business not because people are refusing to go to more expensive Mom & Pops, but because they have no other alternative. $20 jeans or $750 jeans (organically grown denim) is just another case in point illustrated in that show.
It's even more amazing when our cheap goods like Levis and Hamburgers are targeted at the wealthier people overseas.
It feels like the collapse of the Roman Empire (it just seems like they must have went through similar stages of class erosion).
-