Hostess Brands (Twinkies) on verge of liquidation

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Looks like Twinkies (and Wonder Bread) will survive in Canada. Twinkies are made by Saputo up here and Wonder Bread by Weston. They say they will not be affected by what's happening in the US.

This makes up for all the deals (rebates etc.) on oil you guys get down there.

I see a lot of cross border shopping in your futures.
 
Originally Posted By: rcy
Looks like Twinkies (and Wonder Bread) will survive in Canada. Twinkies are made by Saputo up here and Wonder Bread by Weston. They say they will not be affected by what's happening in the US.

This makes up for all the deals (rebates etc.) on oil you guys get down there.

I see a lot of cross border shopping in your futures.


Sell them on ebay

http://www.ebay.com/itm/HOSTESS-TWINKIES...=item3a7bd3e80f
 
If you talk with one of the drivers you will see how the union had the routes set up. An employee told my brother that on his route they had 2 drivers covering the same route and the drivers could not put merchandise on shelves. Another person came in and did the actual stocking. So...3 people covering the same store...hmmm....

Not very efficient. Also, this employee said it was another smaller union that did the stare down. Apparently the teamsters had agreed to the company's terms. Note, this info came to me second hand.
 
Yep. Pretty funny. The union cripples and bankrupts the company and once a new owner takes over Tbey don't have to honour any union contract.
Pretty smart union folks up there. Let's strike ourselves right out of a job.
Radio just said someone bought a box of twinkies for 300 bucks.
Like come on,they aren't that good.
 
I can`t figure out why link does not work completely. Basically it goes through how Ripplewood, the private equity firm that controls Hostess, is killing the company despite efforts from all involved. Including the unions. There are many stories similar to this one after a google search.
 
Originally Posted By: Clevy
Yep. ... The union cripples and bankrupts the company and once a new owner takes over Tbey don't have to honour any union contract.
Pretty smart union folks up there. Let's strike ourselves right out of a job.
...


Yes! You're so right Captain Queeg, the failure was your men. They stole the strawberries...they're incompetent... They're disloyal! They mutinied!
 
Originally Posted By: LAGA
I can`t figure out why link does not work completely. Basically it goes through how Ripplewood, the private equity firm that controls Hostess, is killing the company despite efforts from all involved. Including the unions. There are many stories similar to this one after a google search.


I don't see what difference that makes. The choice is simple go back to work or be unemployed. If the company really sucks go back to work and look for another job.
 
There is no choice. Hostess is going under no matter what. Ripplewood is coming into a poorly run company, taking everything they can from it and it will be sold and continue in some other form. The union will be busted no matter how they voted. About a year ago, there were talks for the union to take part ownership to keep the company alive but Ripplewood wouldn`t go for it. The bakers union only represents a third of the 18,000 employees. Do you really think after all these years that the wage of 7000 hourly workers is bringing down a 2.5 billion dollar a year business ? The union just stood up for themselves at the end when the war was over.
 
http://www.chicagotribune.com/business/breaking/chi-hostess-seeks-bonuses-for-key-manager-in-liquidation-filing-20121119,0,22735.story
If link does not work just cut and paste for update.
 
Originally Posted By: LAGA
http://www.chicagotribune.com/business/breaking/chi-hostess-seeks-bonuses-for-key-manager-in-liquidation-filing-20121119,0,22735.story
If link does not work just cut and paste for update.


You're not going to get any love on that one, regardless of what the actual truth may be; it's always the fault of greedy organized labor and lazy union members, or so I've read...
 
Yea, and most people only read or listen to one side of the story. It`s too much work to dig up both sides.
 
What Krugman fails to mention is even if rates were higher, I suspect there were many more deductions.

Even for households, IIRC, you once were able to deduct credit card interest.

Today, you can't.

But the HELOC still had deductible interest.

How can a Nobel winning economist miss the fundamental principle of "Ceteris paribus." The world of 1950 was far different than now. Not just for tax policy, but also the state of the worlds producers. There was little to no competition to the US, so we had no choice but to enjoy economic growth during that time.
 
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