From an investment and corporate point of view, I think there's enough depth in top management to sustain McDonald's turnaround momentum, but certainly Jim's leadership skills will be missed.

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Starbucks has learned several lessons in China. One is that it really doesn't need to go after the masses. All it needs is the upper 10 percent of India's booming middle class to support a base of 100 stores and then go from there.

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A 50-cent rise in gasoline still represents less than 1 percent of disposable income. So it's roughly about $200 to the average American.

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