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Old 11-16-2012, 10:15 AM   #1
Omaha Omaha is offline
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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, 10:18 AM   #2
Buehler445 Buehler445 is offline
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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, 10:17 AM   #3
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Old 11-16-2012, 10:17 AM   #4
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Old 11-16-2012, 10:19 AM   #5
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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, 10:45 AM   #6
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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, 11:02 AM   #7
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What? What's wrong with what I posted?
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Old 11-16-2012, 10:20 AM   #8
eazyb81 eazyb81 is offline
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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 fuck 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, 10:50 AM   #9
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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 fuck 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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Old 11-16-2012, 10:22 AM   #10
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Old 11-16-2012, 10:40 AM   #11
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, 11:45 AM   #12
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Great article from Fortune on the Hostess saga.

http://management.fortune.cnn.com/20...kies-bankrupt/


This is from the first line of that article. Writing doesn't get any better than this:

"Those Twinkies on your cupboard shelf may last forever. But the company that makes them may not."
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Old 11-16-2012, 10:43 AM   #13
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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, 10:58 AM   #14
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Old 11-16-2012, 11:32 AM   #15
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Last night I bought a box of Ho Ho's as a final act of desperation.
You can make them last George, because I think the shelf life on those things is around 125 years.
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