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Urban Legends

Speaking of Boston happenings, The Globe debunks some industry myths in a piece about the risk of new restaurant ventures: "...the common perception that up to 90 percent of all new restaurants fail is not based in fact, according to a study by Ohio State University professor H.G. Parsa. He found that 57 to 61 percent of restaurants in Columbus, Ohio, failed during a three-year period in the 1990s." Still not an encouraging success rate, but not a terrible, throw-yourself-off-a-bridge one either. [Boston Globe]