Rachel Feintzeig, reporter for the Wall Street Journal covering bankruptcy and restructuring, discusses the announcement that Hostess plans to liquidate in the wake of failed labor negotiations.
@Tony from Canarsie "When did people being out of a job become funny?" Funny? At least as long as buggy whip makers have been the cliche example of how one mode or technology replaces the previous mode. Makes one ponder what was the examplar before the advent of the horseless carriage. Probably fletchers.
I haven't had a Twinkie in years and haven't enjoyed one for much longer. The recipe for what they call 'cream filling' now feels like sand to my tongue. Don't get me wrong. This and other snack cakes (Yodels, Devil Dogs, Ring Dings, Fruit Pies, etc.) were an almost daily part of my walk home from grammar school.
I think that these snacks of today which use high fructose corn syrup as their main source of sweetener taste way different and have a very different consistency to the tongue than they did in my youth when they were made with cane sugar. Yes, this may be largely a matter of what you baby-ducked, I know, otherwise these guys should have been out of business long ago. I blame Nixon and his Ag Secretary, Earl Butz, who worked like the dickins to replace sugar with corn syrup in order to reduce the impact of inflation on the American shopping cart. Have you tried a Coke with real sugar lately? My Costco sells them by the case. Or PepsiCo's 'throwback' versions? Mountain Dew with real sugar is spectacular.
This segment was much too short.
Liquidate the company, blame the union for terrible business decisions, hire non-union workforce, what's new?
I haven't bought any Stella d'Oro cookies in years either. What a scummy way to do business.
Question for your guest: Are all large companies owned by hedge funds these days? Seems like it.
When did people being out of a job become funny?
Reminds me of Caldor. Once dominant, then somebody called their loan and Bam. Oops, reminded myself of the Fiscal cliff again.
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