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A Chinatown with many stories to tell
They excelled in businesses which were unexplored like leather-tanning, shoe-making, furniture factories, restaurants and hairdressing salons. Many of them went on to become dentists and merchants....
2008-09-08 11:28:11
Falling Unlike Domino's: Restaurants Feel the Credit Crunch
Best Syndication News Recent studies carried out by the Clapham House Group and Regent Inns correctly predicted a slowdown in consumer spending, causing a slump in the share prices of restaurants and ...
2008-09-08 10:14:11
Even Chefs Have to Wait for a Table
A look at restaurant openings in New York this season, which are beginning to require the kind of planning that went into the Beijing Olympics. ...
2008-09-08 10:00:00
As Belts Tighten, Lobsters Shrink and Bar Menus Grow
Many New York restaurants arenâ€™t taking their success, or for that matter their survival, for granted. ...
2008-09-08 10:00:00
Restaurants: A Playroom in the Dining Room
Just four months old, the new restaurant Elizabeth has already changed plenty, and it still doesnâ€™t seem entirely sure of what it wants to be. ...
2008-09-08 10:00:00
From the North, He Brings Secrets of China, and Some of His Own
Susur Lee, the face of high-end culinary dazzle in Toronto for more than 20 years, will open Shang, his first restaurant outside his adopted Canadian hometown. ...
2008-09-08 10:00:00
McCain campaign hits Albuquerque restaurant AP
AP - After a week of getting Republicans fired up about their campaign, presidential nominee John McCain and running mate Sarah Palin stocked up on some of the hot stuff....
2008-09-08 07:00:00
Shoppers spend less when they pay by cash
Washington, Sept 8 ANI: Shopoholics are likely to spend more while using a credit or gift card than cash buys, says a new study by Indian origin researchers.After conducting four studies, researchers Dr. Priya Raghubir of the Stern School of Business at New York University and Dr. Joydeep Srivastava of the Robert H. Smith School of Business at the University of Maryland, College Park, have come to the conclusion that cash discourages spending, and credit or gift cards encourage it. During the study, the researchers focussed on two factors in purchasing behaviour: when consumers part with their money cash versus credit and the form of payment cash, cash-like scrip, gift certificate or credit card."The more transparent the payment outflow, the greater the aversion to spending, or higher the 'pain of paying,'" said the authors. In the first study involving 114 participants, the team estimated how much they would pay using various payment forms for a vividly described restaurant meal. The results showed that "people are willing to spend or pay more when they use a credit card than when using cash," the authors wrote. They attributed the difference in spending behaviour to the way cash can reinforce the pain of paying. In their second study, the researchers looked at 57 participants' estimated food expenses for an imaginary Thanksgiving dinner item by item, rather than a holistic total.When they did so, the cash-credit spending gap closed. When people confronted the detailed reality of expenses, it no longer mattered whether they used cash or something else. The next two studies examined spending differences relative to mode, not timing. In the third study, 328 participants given a detailed shopping list were found to spend more when they used a 50 dollars gift certificate instead of 50 dollars cash. In the fourth study, 130 participants were given 1-dollar cash or a 1-dollar "gift certificate" to buy candy. At first, they were more willing to spend the gift certificate than the cash. After holding the gift certificate in their wallets for an hour, thus treating it like cash, they became less likely to spend it -- a sign that they had assimilated its value. When researchers again highlighted the difference in transparency between cash and gift certificates, people reverted to their original behaviour. "The studies suggest that less transparent payment forms tend to be treated like play money and are hence more easily spent or parted with," the authors wrote.These findings appear in the September issue of the Journal of Experimental Psychology: Applied, published by the American sychological Association. ANI
2008-09-08 03:00:00
McCain campaign hits Albuquerque restaurant
After a week of getting Republicans fired up about their campaign, presidential nominee John McCain and running mate Sarah Palin stocked up on some of the hot stuff....
2008-09-07 22:40:09
Salvadoran feast satisfies
The Scene: Small, clean, cute and clearly a Salvadoran restaurant – the maps and photos of El Salvador plastered on the walls are a giveaway. A few booths for sit-down service, or take-out at th...
2008-09-07 21:46:07