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Old 11-16-2012, 07:10 AM  
petegz28 petegz28 is offline
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Say Goodbye to Twinkies and Wonderbread
Sad to see this happen...

Twinkies Maker Hostess Going Out of Business
http://www.nbcdfw.com/news/national-...179643161.html
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Old 11-16-2012, 08:48 AM   #61
Mr. Laz Mr. Laz is offline
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wow ... just said '**** it' and closed it down.


Not that i can blame him
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Old 11-16-2012, 08:51 AM   #62
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wow ... just said '**** it' and closed it down.


Not that i can blame him
It's going to start happening to a lot of companies.

It's the George Soros 'European Model' - part of government consolidation.

It's okay...the government will soon issue replacements.
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Old 11-16-2012, 08:54 AM   #63
okoye35chiefs okoye35chiefs is offline
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a ton of fortune 500 companies have ceased pensions... I know mine has
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Old 11-16-2012, 09:10 AM   #64
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Old 11-16-2012, 09:15 AM   #65
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I want to believe that they were "overcapacity" because demand for that crap is dying, but I don't think that's the case.
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Old 11-16-2012, 09:17 AM   #66
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Old 11-16-2012, 09:17 AM   #67
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Twinkies are gross. Little Debbie Swiss Rolls FTMFW!
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Old 11-16-2012, 09:18 AM   #68
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Originally Posted by dirk digler View Post
It is but this whole thing is complicated and everyone is to blame. Teamsters did take major concessions 3 years ago and they lost thousands of jobs and yet they turned around and took more concessions this time. The other union isn't willing.

Here is a good story about it...

http://management.fortune.cnn.com/20...kies-bankrupt/
Yeah, the whole ****ing thing is a disaster, but hopefully it will lead to some real changes in collective bargaining.
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Old 11-16-2012, 09:19 AM   #69
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What person over the age of 12 wants to eat that shit, anyway? Have just a little bit of respect for yourself. That shit is nasty.
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Old 11-16-2012, 09:20 AM   #70
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This is a prime example why the new "normal" unemployment rate is going to be 6-7%, not the 3-4% that we have previously been used to. Low-income workers are going to be more content to just say **** it and take unemployment for years on end instead of taking less to keep an undesirable job.

Our welfare system essentially incentivizes this attitude, and US taxpayers will pay for it.
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Old 11-16-2012, 09:22 AM   #71
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Old 11-16-2012, 09:40 AM   #72
eazyb81 eazyb81 is offline
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Great article from Fortune on the Hostess saga.

http://management.fortune.cnn.com/20...kies-bankrupt/
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Old 11-16-2012, 09:43 AM   #73
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This is terrible timing.

States are beginning to legalize recreational marijuana and now Hostess is going out of business?

Frito Lay stocks just went up.
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Old 11-16-2012, 09:45 AM   #74
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What person over the age of 12 wants to eat that shit, anyway? Have just a little bit of respect for yourself. That shit is nasty.
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Old 11-16-2012, 09:50 AM   #75
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Originally Posted by eazyb81 View Post
This is a prime example why the new "normal" unemployment rate is going to be 6-7%, not the 3-4% that we have previously been used to. Low-income workers are going to be more content to just say **** it and take unemployment for years on end instead of taking less to keep an undesirable job.

Our welfare system essentially incentivizes this attitude, and US taxpayers will pay for it.
Federal Emergency Unemployment Compensation Benefits expires next month. Depending on the state, people are only going to get like 6 months of benefits.
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