Franchising has come a long way from the days when Ray Kroc sold his first McDonald’s restaurant and Col. Harland Sanders set out to share his “11 secret herbs and spices” with others — for a share of the profits, of course. Kroc is long gone, though McDonald’s Corp. has grown into a multinational powerhouse that’s all but synonymous with American fast food.
Happy Days Are Here Again — Or Are They?
When it rains, it pours, the saying goes, and lately upbeat economic news has been falling on President Clinton like cats and dogs. Consider, for example, the evidence of economic turnaround that came on just a single day — Friday, December 3. For starters, the U.S. Labor Department reported that the nation’s unemployment rate plummeted four-tenths of a point in November to 6.4 percent, the biggest one-month improvement
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