Twinkies maker Hostess plans to go out of business

Nov 16, 2012 Full story: Reuters 1,622

As President Barack Obama and congressional leaders prepared for budget and tax talks on Friday aimed at preventing the economy from falling back into recession, a top Republican vowed to overhaul the U.S. tax code next year.

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Yeah

Mililani, HI

#662 Nov 24, 2012
xxxrayted wrote:
<quoted text>
They serve to close companies down, decrease their ability to compete in a world market, and also cause companies to relocate to other states or countries. That's what unions are good for.
You should go to China, India, Pakistan, Malaysia, Bangladesh, etc....

You'd do well there as an "employee!"
Wall Street Government

Sebastian, FL

#663 Nov 24, 2012
Congress is widely expected to vote on a series of major trade deals with Panama, South Korea and Colombia at some point before its August recess. The agreements, negotiated by President George W. Bush in 2007 and tweaked by President Barack Obama late last year, would secure a host of long-desired rewards for multinational corporations.

In the House, 219 Republicans and 59 Democrats voted for the KORUS bill, while 21 Republicans and 130 Democrats voted against it. In the Senate, 37 Democrats and 45 Republicans voted “yes” for the deal with Korea, while 14 Democrats and one Republican (Sen. Olympia Snowe of Maine) voted “no.”

In the Panama FTA House vote, 234 Republicans and 66 Democrats voted for, and six Republicans and 123 Democrats voted against the measure; in the Senate’s 77-22 vote, the “no” votes all came from Democrats, plus independent Sen. Bernie Sanders (Vt.).

The Colombia FTA was approved in the House by 231 Republicans and 31 Democrats, while nine Republicans and 158 Democrats voted against it; the Senate approved the agreement by a 66-33 vote, with 30 of the “no” votes coming from Democrats, one from Sanders, and two from Republicans (Snowe and her colleague from Maine, Sen. Susan Collins.)

More teabagger traitors.
Spocko

Oakland, CA

#664 Nov 24, 2012
Spike wrote:
<quoted text>Am I addressing a retarded person? Hello??? Bill "the champion of the little guy" "the democrat" Clinton signed off on NAFTA....REMEMBER!!??!!?? I know Bill Clinton was a republican the day he signed NAFTA but as soon after that he became a champion of the little guy democrat again, right. hahahahahahahahahahahahaha!!!! !!!
Spike get edumacated or something you're talkin' shit :-)

Since: Feb 11

Location hidden

#665 Nov 24, 2012
xxxrayted wrote:
<quoted text>
And you don't know if they would have had jobs for another five years.
I know the CEO would have been making millions and would have been increasing the debt load and he would have been demanding the unions take more salary cuts.

The people sweeping the floor did not run up $2 billion in debt.
xxxrayted

Cleveland, OH

#666 Nov 24, 2012
barefoot2626 wrote:
<quoted text>
I know the CEO would have been making millions and would have been increasing the debt load and he would have been demanding the unions take more salary cuts.
The people sweeping the floor did not run up $2 billion in debt.
I've read about a dozen stories on Hostess--none of which mentioned CEO salary as a contributor to their demise. This is not saying it isn't true, but so far, I have not read anything on it from a credible source.
xxxrayted

Cleveland, OH

#667 Nov 24, 2012
Yeah wrote:
<quoted text>You should go to China, India, Pakistan, Malaysia, Bangladesh, etc....
You'd do well there as an "employee!"
We would do fine here without unions. Unions are going out faster than candles when electricity was introduced to homes. They had their day, their time is up, and now people realize that there are more disadvantages to unions than advantages. The major disadvantage is that our pay scale for non-skilled work priced us out of the world market.
Wall Street Government

Sebastian, FL

#668 Nov 24, 2012
Hostess has been sold at least three times since the 1980s, racking up debt and shedding profitable assets along the way with each successive merger. The company filed for bankruptcy in 2004, and again in 2011.

As if all this were not enough, Hostess Brands’ management gave themselves several raises, all the while complaining that the workers who actually produced the products that made the firm what money it did earn were grossly overpaid relative to the company’s increasingly dismal financial position.
Drink the hiVe

New York, NY

#669 Nov 24, 2012
Some Of U Kid' Really Need 2 Learn How 2 Communicate In This 'Dark Unholy Place'(Topix)...

&fe ature=related

Since: Feb 11

Location hidden

#670 Nov 24, 2012
xxxrayted wrote:
<quoted text>
We would do fine here without unions.
You have to be willing work to even consider joining a union.

We can be sure companies like Ripplewood Holdings will always have the working in mind and therefore you would think there'd be no need for unions...

Except Ripplewood Holdings gutted Hostess, gave raises to their execs, demand and got 30 percent pay cuts from the unions last year and this year demanded yet another 30 percent pay cut (which would result in workers making less than half they were making in 2010).

And the company proposed cutting the pension contrubution 75 percent.

Putting aside: the company was already raiding the pension fund and now owe the union millions.

Oh.. but it's the unions' fault...

“Liberal Teachers ruin Kids”

Since: Mar 09

Paradise Valley Arizona

#671 Nov 24, 2012
Bankrupt California cities slash public services to fund six-figure pensions
http://rt.com/usa/news/california-bankrupt-ta...
xxxrayted

Cleveland, OH

#672 Nov 24, 2012
barefoot2626 wrote:
<quoted text>
You have to be willing work to even consider joining a union.
Please. Who do you think you're talking to anyway? I've been to hundreds of businesses in my area and across the state. I've seen unions first hand. If I went to a company I had no knowledge of, I could tell you within five minutes after being there if they were a union operation or not. Union and non-union employees behave differently.

With union jobs, the only requirement is that you have to be at work and moving. That's it. What you produce is irrelevant.

Since: Feb 11

Location hidden

#673 Nov 24, 2012
Vance1 wrote:
Bankrupt California cities slash public services to fund six-figure pensions
wahhhhhhh
Blame it on Obama!!!
PS: This story is four years old. Why not run something fresher, like why did Herman Cain not tell his wife about the friend he "loaned" money to?

Since: Feb 11

Location hidden

#674 Nov 24, 2012
xxxrayted wrote:
<quoted text>
Please. Who do you think you're talking to anyway?
A sausage sucking momma's boy who so well-respected for his business acumen that he spends the work week posting here.

Since: Feb 11

Location hidden

#675 Nov 24, 2012
xxxrayted wrote:
<
With union jobs, the only requirement is that you have to be at work and moving.
Which would rule out your application, spooge breath.
Yeah

Mililani, HI

#677 Nov 24, 2012
xxxrayted wrote:
<quoted text>
We would do fine here without unions. Unions are going out faster than candles when electricity was introduced to homes. They had their day, their time is up, and now people realize that there are more disadvantages to unions than advantages. The major disadvantage is that our pay scale for non-skilled work priced us out of the world market.
Well, I do agree unions have a place. And I think too many are so spoiled, they haven't been able to change with the times.

The UAW was one of them. When the car manufacturers went begging for money, it seems they were the holdouts.

While I believed the auto makers should get the money, I also believed that if the unions blocked it, then they should all fall.
Wall Street Government

Sebastian, FL

#679 Nov 25, 2012
xxxrayted wrote:
<quoted text>
Please. Who do you think you're talking to anyway? I've been to hundreds of businesses in my area and across the state. I've seen unions first hand. If I went to a company I had no knowledge of, I could tell you within five minutes after being there if they were a union operation or not. Union and non-union employees behave differently.
With union jobs, the only requirement is that you have to be at work and moving. That's it. What you produce is irrelevant.
You were mistaken, they were likely government private contractors.

Talk about useless, they don't even show up half the time and still get paid.
Wall Street Government

Sebastian, FL

#680 Nov 25, 2012
xxxrayted wrote:
<quoted text>
We would do fine here without unions. Unions are going out faster than candles when electricity was introduced to homes. They had their day, their time is up, and now people realize that there are more disadvantages to unions than advantages. The major disadvantage is that our pay scale for non-skilled work priced us out of the world market.
We shouldn't be competing with the "world market".

People should be buying our products because they are the best in the world, it used to be that way until Reagan came along.

NOT because we are the cheapest.

Companies turn a profit because they are the best money can buy, not because they're trying to compete with China or Bangladesh.
gamule

Dawsonville, GA

#681 Nov 25, 2012
ToManyLaws wrote:
They will blame union wages all why the CEO I bet makes tens of millions.
your right it was not the union wages it was the union leaders that did it to their own.it was the union wages that causes the companies to have the drop off in the quality of their product.make it cheaper so they can pay the high wages.All in all when everyone is at the unemployment office you can be thanking the union that you have been paying into.oh yea don't forget to that your president he seems to have lots of love for the union also

“Marble Man”

Since: Jul 11

Dallas, GA

#682 Nov 25, 2012
Some Random Dude wrote:
<quoted text>
I don't know... perhaps we can look at some large corporations where the workers AREN'T represented... like Walmart for example. Their management is doing great, but their workers... another story altogether. Now you can go with the "well, the workers should find another job then" but we all know that it's not that simple. More and more employers (and thus the jobs they offer) are going in the same direction as Walmart because management all over is envious of Walmart's (and companies that operate LIKE Walmart) margin of management salaries, benefits and versus those for line workers and the resulting profitability. If this type of management continues to be supported (or at least condoned on a large scale), it's only a matter of time till it becomes that standard (if it already hasn't). Unions are there to keep a power balance between labor and management.
You could not be more wrong.
xxxrayted

Cleveland, OH

#683 Nov 25, 2012
Wall Street Government wrote:
<quoted text>
We shouldn't be competing with the "world market".
People should be buying our products because they are the best in the world, it used to be that way until Reagan came along.
NOT because we are the cheapest.
Companies turn a profit because they are the best money can buy, not because they're trying to compete with China or Bangladesh.
Americans buying their own products would be the solution to our problems union or not. We are obsessed with cheap which is what made Wal-Mart number one. It has little to do with Reagan, Bush or Clinton. There is no solidarity in our country.

I kind of feel bad for folks younger than me. They don't know what a real Big Mac or Burger King whopper tastes like. Kids born today will have no idea what KFC is. They opted to leave the US and are opening up restaurant after restaurant in China. Americans are too cheap to patron such places. They chose to buy their chicken from less expensive places like Popeye's and Church's.

Yes, we are buying products based on price right down to our fast food, and with the cost of manufacturing products in this country, we are not buying our own goods so they either close up shop or move out of the country. Until we as a public change our attitudes about what we purchase, we will continue to have a problem in this country.

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