10/13/2010 10:57 am ET | Updated May 25, 2011

Michelin's Restaurant Ratings: Losing Their Tread?

Bibendum, a tubby white cartoon man made of tires, made his annual voyage to America last week and awarded stars to 57 restaurants in New York City. Bibendum is not, from the look of him, someone you would trust as the dread magistrate of gastronomy. But he is the mascot for Michelin, the company that essentially invented the concept of rating restaurants, and has always been the most important standard in the restaurant world. Whether it remains so -- and whether it should -- is open to question.

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