injury Posted November 17, 2012 Share Posted November 17, 2012 zebra cakes >> twinkies Quote Link to comment Share on other sites More sharing options...
Walid Jumblat Posted November 18, 2012 Share Posted November 18, 2012 These have marshmallow rather than cream, were used in grassroots cross-border diplomacy in North/South Korea at one stage Best eaten frozen. Quote Link to comment Share on other sites More sharing options...
injury Posted November 18, 2012 Share Posted November 18, 2012 also i thought this thread was about the member ... who is now probably dead Quote Link to comment Share on other sites More sharing options...
Crocodile Tears Posted November 18, 2012 Share Posted November 18, 2012 Quote Link to comment Share on other sites More sharing options...
MedicineCabinet Posted November 18, 2012 Share Posted November 18, 2012 swiss rolls passion flakies having a trampoline when youre a kid = driving a nice car in high school. sounds like she deserved it Quote Link to comment Share on other sites More sharing options...
bed framed Posted November 18, 2012 Share Posted November 18, 2012 These are the best Why doesn't some other company like Hersheys just jump in and buy them out. Quote Link to comment Share on other sites More sharing options...
massgraff Posted November 18, 2012 Share Posted November 18, 2012 Oh my God!... These Chocodiles, these Chocodiles Francine, oh my God, these Chocodiles, oh my God! Quote Link to comment Share on other sites More sharing options...
morton Posted November 18, 2012 Share Posted November 18, 2012 The New Yorker Online Only News Desk « From Gaza to Tel Aviv Main November 17, 2012 Who Killed the Twinkie? Posted by James Surowiecki hostess.jpg Hostess Brands is not dead just yet, but the prospects for the company’s survival are now dim at best. Hostess—which still makes iconic food products (or sort of food products) like Twinkies and Ding Dongs—went into Chapter 11 back in January for the second time in eight years, in an attempt to get out from under a pile of debt and labor obligations. The company hoped, it seems, to be able to use bankruptcy protection as a way of imposing cuts in wages and benefits on its unionized employees. But last week, after Hostess put in place a contract that the bakers’ union said would end up cutting wages and benefits between twenty-seven and thirty-two per cent (including an immediate eight per cent wage cut), that union went on strike. Hostess claims the strike has irreparably damaged production and made it impossible for it to continue operating. As a result, on Friday the company asked a bankruptcy judge to allow it to liquidate the company. If no deal is struck over the weekend, and if the judge approves Hostess’s request, as of Monday afternoon, it will be on its way out of business—its brands and factories will be sold for whatever the company can get for them. A few thousand workers will be kept on initially to wind things down, but most of the nearly nineteen thousand employees will lose their jobs. Management, of course, blames the company’s demise on the greedy, unreasonable unions. But, while the strike may well have sent Hostess over the edge, the hard truth is that it probably should have gone out of business a long time ago. The company has been steadily losing money, and market share, for years. And its core problem has not been excessively high compensation costs or pension contributions. Its core problem has been that the market for its products changed, but it did not. Twinkies and Ding Dongs obviously aren’t anyone’s idea of the perfect twenty-first-century snack food. More important, the theoretical flagship of Hostess’s product line, Wonder Bread, has gone from being a key part of the archetypical American diet to a tired also-ran. Hostess’s management certainly bears some of the blame for its failure to successfully adapt, though the company made numerous (and failed) attempts to introduce healthier products. But the simple truth is that this kind of failure is endemic to the system—there are always going to be companies that are unable to change in response to the marketplace. And those companies are supposed to go out of business. Not to be too clichéd about it, but this is what creative destruction is all about. The problem, of course, is that that destruction is going to upend the lives of thousands of workers. And to the extent, then, that Hostess’s demise shows us something important about the plight of organized labor today, it’s not that greedy workers have precipitated their own demise. It’s rather that one of organized labor’s biggest challenges over the past four decades has been that union strength was concentrated in industries and among companies that, though once dominant players in the postwar American economy, have often ended up in a slow slide to obsolescence, employing fewer and fewer workers and having less and less money to pay them with. In theory, unions could have made up for this by organizing those companies and industries that have become ascendant since the nineteen-seventies, but for a variety of reasons (including a tougher corporate approach to union-busting, a less friendly legal climate, the difficulty of organizing many small enterprises as opposed to a few big factories, and a tendency to protect existing members rather than put real money into organizing) they haven’t. And the paradox is that as unions have gotten smaller and less influential, they’ve also gotten less popular. That’s why it’s so easy for Hostess’s management to spin the anti-union narrative. The real issue here is that people’s image of unions, and their sense that doing something like going on strike is legitimate, seems to depend quite a bit, in the U.S., on how common unions are in the workforce. When organized labor represented more than a third of American workers, it was easy for unions to send the message that in agitating for their own interests, union members were also helping improve conditions for workers in general. But as unions have shrunk, and have become increasingly concentrated in the public sector, it’s become easier for people to dismiss them as just another special interest, looking to hold onto perks that no one else gets. Perhaps the most striking response to the Hostess news, in that sense, was the tweet from conservative John Nolte, who wrote “Hostess strikers had pension. PENSIONS! What is this 1962?” It was once taken for granted that an industrial worker who worked for a big company for many years would get a solid middle-class lifestyle, and would be taken care of in retirement. Today, that concept seems to many like a relic. Just as Wonder Bread does. Read more: http://www.newyorker.com/online/blogs/newsdesk/2012/11/who-killed-the-twinkie.html#ixzz2Car1CuPI Quote Link to comment Share on other sites More sharing options...
RIPS Posted November 18, 2012 Share Posted November 18, 2012 Quote Link to comment Share on other sites More sharing options...
Walid Jumblat Posted November 18, 2012 Share Posted November 18, 2012 Not too long, actually read. Quote Link to comment Share on other sites More sharing options...
50million Posted November 19, 2012 Share Posted November 19, 2012 i never had a twinkie... i had ding dongs though. *hehe* Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted November 19, 2012 Share Posted November 19, 2012 i never had a twinkie... i had ding dongs though. *hehe* Quote Link to comment Share on other sites More sharing options...
YearzOne Posted November 19, 2012 Share Posted November 19, 2012 1 Quote Link to comment Share on other sites More sharing options...
Cymatics Posted November 19, 2012 Share Posted November 19, 2012 http://www.businessinsider.com/twinkies-are-saved-hostess-and-bakers-union-agree-to-mediation-2012-11 Quote Link to comment Share on other sites More sharing options...
injury Posted November 20, 2012 Share Posted November 20, 2012 yo DAO wheres the hostess bailout? i think i'd like my nonexistent tax dollars to be spent saving twinkies next. Quote Link to comment Share on other sites More sharing options...
Sleazeside Heights Posted November 20, 2012 Share Posted November 20, 2012 stocked up on devil dogs and ringdings. now it seemsthe company might be saved through labor talks. hmmm we shall see. Quote Link to comment Share on other sites More sharing options...
MedicineCabinet Posted November 20, 2012 Share Posted November 20, 2012 Quote Link to comment Share on other sites More sharing options...
theprotester Posted November 20, 2012 Share Posted November 20, 2012 Add to that, only 5,000 of those workers are in the bakers union. Quote Link to comment Share on other sites More sharing options...
Dr. Scientist Posted November 20, 2012 Share Posted November 20, 2012 Fuck Hostess and their union busting. This is the second time the filed for bankruptcy in the last ten years, not to mention that the CEO of Hostess makes close to $7k a day, but somehow it's the union's fault? Here's all that will happen, Hostess is owned by Interstate Bakeries (who also owns Drake's, as well as twenty or so other companies). So, they'll file for bankruptcy (owe none of the money they barrowed) and blame the union. Sell off their assets cheap to one of their other companies, then bring back Twinkies, and all of their other junk food in their non unionized factories, and profit even more. . . . which will further trash the U.S. economy. Quote Link to comment Share on other sites More sharing options...
vanfullofretards Posted November 21, 2012 Share Posted November 21, 2012 Quote Link to comment Share on other sites More sharing options...
YearzOne Posted November 24, 2012 Share Posted November 24, 2012 Quote Link to comment Share on other sites More sharing options...
theprotester Posted November 24, 2012 Share Posted November 24, 2012 Ha! Quote Link to comment Share on other sites More sharing options...
CancerDancer Posted November 24, 2012 Share Posted November 24, 2012 Quote Link to comment Share on other sites More sharing options...
theprotester Posted November 24, 2012 Share Posted November 24, 2012 Meanwhile, fantastic marketing campaign they're running. Quote Link to comment Share on other sites More sharing options...
Walid Jumblat Posted November 25, 2012 Share Posted November 25, 2012 Fuck Hostess and their union busting. This is the second time the filed for bankruptcy in the last ten years, not to mention that the CEO of Hostess makes close to $7k a day, but somehow it's the union's fault? Here's all that will happen, Hostess is owned by Interstate Bakeries (who also owns Drake's, as well as twenty or so other companies). So, they'll file for bankruptcy (owe none of the money they barrowed) and blame the union. Sell off their assets cheap to one of their other companies, then bring back Twinkies, and all of their other junk food in their non unionized factories, and profit even more. . . . which will further trash the U.S. economy. Is it legal to sell assets off to a related Co. under bankruptcy? It's basically a phoenix operation, which is normally illegal. Quote Link to comment Share on other sites More sharing options...
injury Posted November 25, 2012 Share Posted November 25, 2012 bankruptcy (especially chapter 7, which is what i think they're facing) means you owe a lot of money to a lot of people. by the time a person or a company gets to the chapter 7 step it means they've exhausted pretty much every other available option to raise money, so yes its legal to sell off assets like trademarks, recipes, anything that can be sold in order to repay debts owed. Quote Link to comment Share on other sites More sharing options...
Walid Jumblat Posted November 25, 2012 Share Posted November 25, 2012 Yeah, of course you liquidate. What I'm asking is how can it be legal to sell assets to a related interest. Because the debtor has an obvious interest to sell the assets as cheaply as possible to the detriment of creditor interest. It doesn't make sense that it could be legal. Quote Link to comment Share on other sites More sharing options...
injury Posted November 25, 2012 Share Posted November 25, 2012 As far as i know, the debtor is legally obligated to sell it to the highest bidder, competitor or not, and the need to repay comes before the problem associated with selling trade secrets... what makes you say its illegal? Quote Link to comment Share on other sites More sharing options...
Sleazeside Heights Posted November 29, 2012 Share Posted November 29, 2012 bought all the last devil dogs and ring dings. Quote Link to comment Share on other sites More sharing options...
McLovin Posted November 30, 2012 Author Share Posted November 30, 2012 http://www.collegehumor.com/embed/6849859/how-to-make-your-own-twinkies Quote Link to comment Share on other sites More sharing options...
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