Problem is, that law got repealed last year, and since summer's historically been a slow time for the city's bakers, many of them have opted to take their vacations in the warmer months that were previously off-limits to them. The result? Fewer bakeries open for business, which translates to less bread available to feed the daily carb habits of French folk.
The French media's emphasized that news of this shortage has been largely overblown, particularly by British media outlets, and that most Parisian citizens should have no trouble obtaining bread while the vacationing bakers are gone -- even if that means having to seek out a new, less conveniently located boulangerie for the duration.
Meanwhile, if there was an equivalent shortage of bagels in NYC, you can be damn sure the city would descend into anarchy in the first 12 hours.