NextDraft: NextDraft: Why Lobster is Still a Luxury and Other Fascinating News

The Strategy in Lobster Pricing Scheduling Reminder: Due to travel plans, NextDraft will be published sporadically this week. There are a lot of lobsters in the sea. You could even call it a glut. Over the past few years, the massive lobster harvests have resulted in a significant reduction in what buyers are paying for a lobster off the boat. So why aren’t we seeing major price drops at our local restaurants? Here’s part of the reason: A luxury good is considered a luxury good in part because it’s priced like one. Cheap lobster could throw the rest of your menu into chaos. “Studies have shown that people prefer inexpensive wines in blind taste tests, but that they actually get more pleasure from drinking wine they are told is expensive. If lobster were priced like chicken, we might enjoy it less.” In The New Yorker, James Surowiecki cracks open the surprising complexity of lobster prices. Bridging The Gap: The San Francisco and Oakland Divide According to some, San Francisco is being so overrun by high-paid tech workers that there isn’t enough reasonably-priced housing for everyone else. Just across the Bay Bridge, it’s a very different story. Consider this: “Over the past 10 years, the number of African American men killed on the streets of Oakland nearly matched the number who graduated from its high schools ready to attend a state university.” From the SF Chronicle, Jill Tucker on two teens facing the odds in Oakland. The Dickens of Detroit He “is a literary genius who writes re-readable thrillers. [He] possesses gifts — of ear and eye, of timing and phrasing — that even the most indolent and snobbish masters of the mainstream must vigorously covet.” That’s what Martin Amis once wrote about Detroit’s Elmore Leonard who died on Tuesday at the age of 87. + From Get Shorty to the FX series Justified, twenty-six of Elmore’s novels and stories have been adapted for the screen. + “Never open a book with weather.” Here’s a look back at Elmore’s ten tipsvia NewsFeed | TIME.com http://newsfeed.time.com/2013/08/20/nextdraft-why-lobster-is-still-a-luxury-and-other-fascinating-news/
Source:http://topbestmagazine.blogspot.com/2013/08/nextdraft-nextdraft-why-lobster-is.html

NextDraft: NextDraft: Why Lobster is Still a Luxury and Other Fascinating News Images

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