Posts Tagged ‘European Monetary Union’
photo: Jasper Nance, Flickr via source
Pepsi Co., facing a lawsuit from a man who claims to have found a mouse in his Mountain Dew can, has an especially creative, if disgusting, defense: their soda would have dissolved a dead mouse before the man could have found it. An Illinois man sued Pepsi in 2009 after he claims he “spat out the soda to reveal a dead mouse,” the Madison County Record reports. He claims he sent the mouse to Pepsi, which then “destroyed” the remains after he allowed them to test it, according to his complaint. Most shudder-worthy, however, is that Pepsi’s lawyers also found experts to testify, based on the state of the remains sent to them, that “the mouse would have dissolved in the soda had it been in the can from the time of its bottling until the day the plaintiff drank it,” according to the Record. (It would have become a “jelly-like substance,” according to Pepsi, adds LegalNewsline.) This seems like a winning-the-battle-while-surrendering-the-war kind of strategy that hinges on the argument that Pepsi’s product is essentially a can of bright green/yellow battery acid. The lawyers still appear to be lawyering behind the scenes but we cannot wait for this to come to trial (though we think a trial is about as likely as the chances of us “Doing the Dew” ever again).
As we refill our water bottles, we might recall that it was on this date in 1999 that the Euro made it’s debut in corporate and investment markets. Euro cash replaced the local tender of the eleven participating nations almost exactly a decade ago: on January 1, 2002.
While the future of the European Monetary Union and the Euro are a bit clouded at the moment, this is the anniversary of the first time since the Ninth Century reign of Charlemagne, that (most of) the European continent was united by a single currency.
THE KAUFFMAN FOUNDATION conducts a quarterly survey of economics bloggers (you can see the third quarter results here). It tends to focus on current economic conditions and policy questions, but the fourth-quarter questionnaire contained something a little different: a challenge to capture the state of the economy in haiku. The results are sublime…
Indeed. Consider the stylings of Reuters’ Felix Salmon:
No one has a job
And they’re not paid much
Or the musings of Professor Stephen Karlson:
Intermodal loadings increase
Trade conflict looms without cease
Occupy Wall Street
Or this, from Robert Cringely:
Econ guys, gentle souls
Think policies guide markets
Jail time is better
Or the only-too-culturally-appropriate contribution of Amol Agrawal:
When Japan fell in 1990s
They were lectured by the world economists
Time for Japanese to smile
… more at “The economy in haiku .”
As we think in seventeen syllables, we might recall that it was on this date in 1993 that the Maastricht Treaty came into effect, formally establishing the European Union (EU)… and laying the groundwork for the Eurozone– the European Monetary Union and the creation of the Euro– and thus for the painful pecuniary pageant that is playing out on the Continent today…