Must Read Money Stories For Tuesday, July 7

by July 7, 2015

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Germany’s clout. As European leaders prepare to meet today, the financial crisis in Greece has put the spotlight on Germany’s role within the European Union, reports the Wall Street Journal. It says Germany is wielding more economic clout than at any time since World War II. But Chancellor Angela Merkel’s hard line against Greece is causing some friction within Europe. Critics are pointing out that Germany got plenty of help with its debt after the second world war, and that it also received international support for rebuilding its infrastructure.

Dead can draw. As the Grateful Dead prepare to beat it on down the line, their selling power has never been greater. Three farewell concerts in Chicago this past weekend set new attendance records at Soldier Field. The final gig on Sunday night drew 71,000 fans, according to NBC 5 Chicago. They broke the previous record of 67,936, set by U2 during its 360 Tour. Three-day passes on the secondary ticket market sold for as much as $116,000, certainly an accomplishment as the band prepares to bid their fans goodnight.

Starbucks hikes. If it’s summer, it’s time for a Starbucks price hike. Beginning today, some drink prices will go up by 5 to 20 cents more, says CNN Money. Starbucks has raised prices each year for the past three years. The company didn’t say which drinks are going up, and by how much, because it charges different prices in different parts of the country, and some drinks are regional. (You can’t find Fizzio everywhere, for instance.) The average drink will cost one percent more, a Starbucks spokeswoman said. This is despite the fact that the price of coffee futures are falling.

Expensive injury. Over the weekend, New York Giants defensive end Jason Pierre-Paul suffered serious hand injuries setting off fireworks that could cause him to miss the start of the NFL season. The accident was painful in more than one way. Because he’s not under contract, the Giants can dock him if he’s unable to play. Each game he misses could cost him $700,000, according to NBC Sports.