- Apr 15, 2011
- 2,957
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Haha, I don't want any of your luck then Rufus! XD
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Well, it sure looks like they will not be buying twinkies with their SNAP or EBT cards. Hostess is liquidating the company. This is their second bankruptcy within my memory. They underwent a previous bankruptcy in 2004.
The real losers are those two hedge funds that bought up the company debt. Boy did they back a loser this time. It sure would have been nice if the union had fronted up some of all that pension money that they supposedly had stashed away and bought a stake in the company. But I guess they knew that this time they had taken it too far. They had killed the company.
My best guess is that the company assets will be sold off and the brand names and over seas plants will be sold to a company like Gamesa. These products will probably continue to be made, but at plants in Mexico or the Philippines.
Sorry about that. I have a gut feeling that is just the start of a bad process. Other companies will go down also.
My wife works part time at Wally World. She comes home angry because some people buy a couple of hundred dollars of candy and then complain because they are diabetic. I too am diabetic, and I tell her they probably won't be doing that for much longer. It is a self solving problem.
My fear is that so many people have become reliant upon these cards and other social welfare programs that when these programs are no longer available something bad is going to happen. It is like feeding bacon to a bear. Whey you run out of bacon, guess who is next on the menu?
I have a real bad feeling about this.
There are programs like WIC that are nutrition based programs that give coupons only for specific items like milk, veggies, cheese, etc.
Unfortunately groceries stores are very demographic and the healthy food/produce selection in poor neighbors is depressingly sad. When I first moved into an inner city neighbor and went to a grocery store I was SHOCKED. Access to healthy food is limited and so in education about nutrition in general. The sad truth is that the cheapest foods are the crappiest foods. Per calorie, the cheapest food that you can but at a store is potato chips. Quality food is costly.
My friend works on rotation as a doctor at the county hospital and large number of uneducated parents honestly believe that clear soda is healthy and calorie free because it is clear. They think it is a healthy thing to give their children. Education on nutrition, on portion size and on how to cook in general are not easy to access.
There are much larger problems at work here and simply making bad choices.
There are programs like WIC that are nutrition based programs that give coupons only for specific items like milk, veggies, cheese, etc.
Unfortunately groceries stores are very demographic and the healthy food/produce selection in poor neighbors is depressingly sad. When I first moved into an inner city neighbor and went to a grocery store I was SHOCKED. Access to healthy food is limited and so in education about nutrition in general. The sad truth is that the cheapest foods are the crappiest foods. Per calorie, the cheapest food that you can but at a store is potato chips. Quality food is costly.
My friend works on rotation as a doctor at the county hospital and large number of uneducated parents honestly believe that clear soda is healthy and calorie free because it is clear. They think it is a healthy thing to give their children. Education on nutrition, on portion size and on how to cook in general are not easy to access.
There are much larger problems at work here and simply making bad choices.