Mish's Global Economic Trend Analysis: Emails From French and Canadian Readers on "Preserving Culture" and the "Language Police": " . . . it's not just France that suffers from such stupidity, it is all of Europe. Every year France blocks changes in agricultural subsidies that exist solely to prop up inefficient French farms. As a result everyone in Europe pays higher prices for produce and other farm goods. Tariffs raise costs and restrain trade. Problems do not stop with agriculture and restaurants. Inane work rules also designed to "preserve the French way of life" have put France and Germany are on a collision course over numerous issues including heated exchanges regarding productivity and trade with China."
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The man who changed PepsiCo and launched the 'cola wars' died on Sunday. Here are some of Donald Kendall's most memorable business moves as CEO. - Donald Kendall's time as PepsiCo's CEO spanned 23 years, during which he launched an ad campaign with Michael Jackson and a vodka deal with the USSR.