What's Not Cooking: As some luxury restaurants close, others cut prices; three-course dinners for $20

The Wall Street Journal reports:

Over the past 10 years, the total number of restaurants in the U.S. -- which is currently 570,000, according to an estimate from Technomic -- grew by 1% to 2% annually. This year, 12,000 to 18,000 restaurants are expected to close

You'll want to read this one.