Friday, December 02, 2005

Caribou Coffee terrorizing local business.

The $50/month I spend on morning mood enhancement, otherwise known as coffee, is at Starbucks. Ever since I learned that Caribou Coffee is 87.8% owned by the First Islamic Investment Bank, I'd rather go without than spend money there.

It's ridiculous to think that Caribou is owned by terrorists, but with al-Qaida's advertised desire to poison food stocks, profiting off spiking a few million morning coffees has the same murderous cunning of using air transportation to kill 3,000 on 9/11.

I know I'm way off. Enjoy your Caribou. (At your own risk.)

But in today's Star Tribune, we find out that Caribou is in fact terrorizing, a local business:
Ever since she moved from Ethiopia to Minnesota in 1989, Gedam Azeze has believed in the American dream. Then a lawyer's letter changed all that.

"I thought if you work hard, day in and day out, you can make it in this country," said Azeze, 40, who works seven days a week at Limu Coffee, her five-year-old shop on Silver Lake Road in St. Anthony.

"Now, I have found out that is not true."

Azeze said she has been told that her lease will not be extended and that her shop has to close by the end of the month. Caribou Coffee, which opened a new outlet in May in the nearby Silver Lake Village Shopping Center, negotiated a lease that prohibits other coffee shops at the development, according to the shopping center's attorney.

She has started looking for a new location, but she's worried about the $60,000 she borrowed from a friend to purchase the store. Her $2,000 monthly rent will be doubled if she is not out by Dec. 31.
This is less a function of Caribou kicking out a local business and more with a leasing company who sees bigger profits by making room for a higher-paying tenant in a growing part of town, but it was a fun headline.

Now I know what it's like to be Reuters or the AP.

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