Berkeley CSUA MOTD:Entry 49678
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2025/04/03 [General] UID:1000 Activity:popular
4/3     

2008/4/7-12 [Finance/Banking, Reference/RealEstate] UID:49678 Activity:nil
4/6     Famed Venice eatery offering discount to 'poor' U.S. tourists
        http://www.csua.org/u/l8c
        'A sign posted outside the restaurant at the weekend reads:
        "Harry's Bar of Venice, in an effort to make the American victims of
        subprime loans happier, has decided to give them a special 20 percent
        discount on all items of the menu during the short term of their
        recovery."'
2025/04/03 [General] UID:1000 Activity:popular
4/3     

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Cache (2988 bytes)
www.csua.org/u/l8c -> news.yahoo.com/s/nm/20080407/lf_nm_life/italy_tourism_hemingway_dc
Reuters Hemingway haunt gives discounts to "poor Americans" By Philip Pullella Mon Apr 7, 9:42 AM ET ROME (Reuters) - Harry's Bar, the famed Venice watering hole where Ernest Hemingway held court over hearty food and stiff martinis, is offering a discount to "poor" Americans suffering from a weak dollar and subprime blues. The decision by the owner of the restaurant, one of the most expensive even when the US currency is strong, underscores the growing concern about the weak dollar among tourism operators in Italy and elsewhere in Europe. A sign posted outside the restaurant at the weekend reads: "Harry's Bar of Venice, in an effort to make the American victims of subprime loans happier, has decided to give them a special 20 percent discount on all items of the menu during the short term of their recovery." When the euro was introduced as the continent's common currency in 2002, a dollar bought about 110 euros. Today it gets about 64 euro cents, making prices seem astronomically high for most Americans. "Since the start of January, we noticed a drop in (American) customers of between five and 10 percent and now that we are in April its looks really frightening," Arrigo Cipriani, 76, Harry's owner, told Reuters by phone from Venice on Monday. ENIT, Italy's national tourism board, said in a report this month that the "strong devaluation of the dollar compared to the European currency and signs of a recession are currently the greatest obstacle to American tourism toward Europe." Harry' Bar was founded in 1931 when Giuseppe Cipriani, a barman at a Venice hotel, opened it with money an American named Harry Pickering had given him to pay off a loan. He named the bar and his first son Arrigo (Italian for Harry) -- the current owner -- in Pickering's honor. He mentioned it in "Across the River and Into the Trees," which was published in 1950 and which he wrote on the lagoon island of Torcello while living in an inn owned by the Cipriani family. Cipriani, whose family company owns high-end restaurants and food shops in New York, Venice, Hong Kong, London and Sardinia, says even well-heeled clients look for discounts. Cipriani, who said the discount will apply only to the restaurant part of the tab and not the bar, said Americans in Venice need not bring their passports to his restaurant in order to get a discount. "We will judge by the accent and if we make a mistake, we will give a 20 percent discount to the English as well," he said. Arrigo Cipriani, 76, poses outside his Harry's Bar in Venice April 6, 2008. Harry's Bar, the famed Venice watering hole where Ernest Hemingway held court over hearty food and stiff martinis, is offering a discount to poor Americans suffering from a weak dollar and subprime blues. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.