NEXT UP IN NUTRITION: "TARGETS" FOR SALT, A
SIN TAX ON SODA
Boy, do restaurant operators wish they could accurately declare
“Only in New York” when it comes to food and nutrition issues. Now
New York City health commissioner Dr. Thomas Frieden wants to exert a
measure of control over how the food served to restaurant customers
tastes, via regulations on its salt content. And New York State Gov.
David Paterson wants to gain leverage over what restaurant customers
choose to drink by imposing an 18 percent tax on soft drinks. Both
initiatives are framed as health-related measures, and you’d better
get ready to do battle on these issues in your town if these two guys
get their way in New York.
SHOULD OPENTABLE RESERVE SOME SHARES FOR
401K balance got you down? How about sinking some cash into the
initial public offering registered with the SEC earlier this month by
online restaurant reservation management company OpenTable? Its revenues
are way up and both the number of restaurants who offer the company’s
technology and the number of dining patrons who use it have increased
incrementally. Numbers aside, OpenTable has proven to work flawlessly in
real-world settings and provides a terrific convenience for its
customers. Yet its IPO investors will be buying the company’s future
growth—something that’s hard to envision for a business that depends
on the health of the full-service restaurant segment. OpenTable
dominates its market, but would you be willing to bet on its prospects
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