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Wednesday, July 7, 2010

Markets in Everything: No-Cash Restaurants

NEW YORK -- At the Greenwich Village restaurant Commerce, cash is off the menu.  In the latest encroachment of credit and debit cards onto the greenback's turf, the high-end New York City restaurant said goodbye to dollars and cents this week. The message to diners: Tip in cash if you wish, but otherwise, your money is no good here.  New York magazine ridiculed the restaurant, saying it should rename itself "e-Commerce."

HT: E. Frank Stephenson

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