NEW YORK — Hostess Brands Inc. plans to return to bankruptcy court on Wednesday seeking approval to move ahead with liquidations plans that would throw 18,500 people out of work, after a latch-ditch mediation effort met with failure. (Snip) Hostess failed to reach a contract agreement with the Bakery, Confectionery, Tobacco and Grain Millers Union, which represents 5,600 workers at the company. In a brief statement late Tuesday, the company said mediation proved unsuccessful.
Comments: The bakery workers union never showed good faith. Only their intention to go to the mat and drive Hostess into liquidation if necessary to make their point.
Someday soo I hope the union workers wake up and realize that their bully leaders are not serving their best interests. That will be a real revolution.
In the interest of jobs and `fairness`, the Court should nullify the Baker`s union contract an order them back to work. Hostess can pay them whatever was their last offer and get on with making the sugary treats we all know and love.
Of course, that will happen as soon as Twinkies become our national dessert treat.
#3, you probably know this, but for those who don´t: a bankruptcy court has no authority to try and save "jobs" or deal in "fairness". In fact, most bankruptcies are manifestly unfair, as some creditors will be paid and some will be stiffed.
The Court´s only function is to see that the existing creditors get paid as much as possible on what they are owed. Now they won´t get it all, but a liquidation may well pay off much of the debt.
Best bet on what happens to twinkies: Grupo Bimbo buys them and moves all production to Mexico, where they not only will have massively lower labor costs but they also will have much lower sugar costs, due to a misguided US sugar tariff policy.
Who knows, soon Americans may start trying to illegally migrate into Mexico for the jobs. Well, and also for a government a little bit less corrupt than the one we have here now.
(okay, that last bit is tongue in cheek - but can anyone argue that our government today is any better than Mexico´s? I won´t.)
The unions are using the line about upper management getting large raises - one 300%, as a smoke-screen. Saddly the 47% are buying it. Too many figure life is supposed to be fair. All you have to do is show up.
There seems to be a misunderstanding about Grupo Bimbo. Although it is a Mexican company, it operates throughout the world (it is the #1 commercial baker in the world), but manufacturers its products locally in the various nations. In the United States, its headquarters is in Santa Fe, NM.
They are already manufacturing Oroweat and other American bread brands, Sara Lee (fresh baked items), Boboli, and so forth. In this country. I´m not sure that they will do anything different with Hostess. Why would they go and set up plants elsewhere if they buy all of Hostess´s assets which would include brands, recipes and equipment-filled plants, trucks, the works?
I want nothing but malice toward the unions and the union members who caused this. Enjoy a miserable life - I hope you all lose your homes because of this. Try getting a job in the real world where you get these sweetheart work rules and pensions.
Instead of damning the ranks of union workers who have no choice in Union controlled states damn the state politics and union leaders for keeping them in a semi state of forced membership. Remember the thousands of union teachers who dropped out after they were greed of the union dues? 18 right to woek states should become 50.
A Wal-Mart worker died early Friday after an "out-of-control" mob of frenzied shoppers smashed through the Long Island store´s front doors and trampled him, police said. The Black Friday stampede plunged the Valley Stream outlet into chaos, knocking several employees to the ground and sending others scurrying atop vending machines to avoid the horde. When the madness ended, 34-year-old Jdimytai Damour was dead and four shoppers, including a woman eight months pregnant, were injured.
Vice President Biden promoted local economic development Thursday, and also weighed in on the Senate dispute over filibuster. (Snip)Biden, a Delaware native, visited the new Capriotti´s outpost in downtown Washington, D.C., for a takeout order to be consumed during lunch with Obama at the White House. The vice president paid $56.25 cash for his order. Republicans quickly pointed out that Biden opposed filibuster changes back when Democrats were a minority in the Senate.
Senate Democrats bowled over Republicans on Thursday to win approval for a highly controversial rule change which would limit the GOP´s ability to block nominees. Majority Leader Harry Reid, moving quickly following days of speculation, used the so-called "nuclear option" to pass the change. Typically, major changes like this take 67 votes, but he did it with just a simple majority.(Snip) The late Sen. Robert Byrd, D-W.Va., said in 2010 that changing the rules would "destroy the uniqueness of this institution." "In the hands of a tyrannical majority and leadership, that kind of emasculation of the cloture rule would mean that minority
SARASOTA, Fla. — Sarasota police say the husband of former Florida Secretary of State Katherine Harris was found dead of an apparent suicide at the couple’s home. Police spokeswoman Genevieve Judge said Tuesday that Harris’ husband, Anders Ebbeson, committed suicide. Officers were called to the home between 7:30 and 8 a.m. Tuesday. During a news conference at the police station, Pastor William Hild of Sarasota First Baptist Church confirmed that Ebbers had taken his own life. Ebbers was a Swedish businessman. Hild, the family’s pastor, says Ebbers suffered from health issues in recent years.
Golf’s governing bodies eliminated penalties for violations detectable only through video evidence such as one that cost Tiger Woods two strokes in a PGA Tour playoff event this year. The rule change, one of several announced today, follows cases where players had been penalized for an infraction only seen when reviewing high-definition replay, often after a television viewer alerted officials. The groups delayed a decision until 2016 regarding the appropriate penalty for instances when a player turns in an incorrect scorecard when unaware that a penalty had occurred. This allows television viewers and others to continue to call in potential penalties they
LANHAM, Md. - Virginia State Senator Creigh Deeds is in critical condition and his son is reportedly dead following an assault at his home in Milboro, Va. early Tuesday, reports CBS D.C. Deeds, a democrat, has reportedly been flown to the University of Virginia Medical Center with serious injuries sustained during the assault. According to the station, Virginia State Police say authorities responded to the residence around 7:25 a.m. The senator´s son, Gus, was found dead from a gunshot wound at the scene according to the Richmond Times-Dispatch.
Indonesia has recalled its ambassador and is reviewing all cooperation with the Australian government, over revelations Australia attempted to listen in to president Susilo Bambang Yudhoyono´s phone calls. Documents obtained by the ABC and Guardian Australia show that Australian intelligence attempted to listen in to Mr Yudhoyono´s telephone conversations on at least one occasion, and also targeted the phones of his wife, Ani Yudhoyono, and his inner circle. Spies also tracked activity on Mr Yudhoyono´s mobile phone for 15 days in August 2009, the material - leaked by the US National Security Agency (NSA) whistleblower Edward Snowden - reveals.
President Obama will cast growing income inequality and a decline in economic mobility as a “fundamental threat to the American dream” during a speech Wednesday in Washington. The speech will serve as an early preview for next year’s State of the Union address, according to a White House official, who said Obama would focus much of his energy over the next three years on the issue. “The decisions we make over the next few years will determine whether or not our children will grow up in an America where, if you work hard, you can get ahead,” the official said.
Good stuff from Jonathan Turley at today’s House hearing on executive power, although I regret that I couldn’t find a more user-friendly format for you to watch. There’s no compilation clip; you’ll have to make do with the C-SPAN embed by fast-forwarding to the time cues I give you and being patient while the vid buffers (and buffers, and buffers).(Snip)That brings us to point two: Even if Congress can’t stop Obama, the courts can. The problem there, though, says Turley, is that O and the DOJ have argued successfully in many cases that no one has standing to sue him
Bill Clinton, the cliché goes, was the first black president, no matter his skin color. That being the case, Barack Obama is not the first black president, or the first African-American president, if you prefer, but the first hippie president. Clinton’s southern background and lifestyle were indeed more typically black, just as Obama’s was more typically hippie. And we’re not just talking about the “Choom gang” here, scarfing “Maui Wowie” on the sands of Oahu. We’re talking about all of it, the whole multi-culti-missing-white-mother-vanished-Kenyan-father-anti-imperialist-America-is-always-the-enemy-and-don’t-you-forget-it-nine-yards. And like most hippie culture as I knew and experienced it, it wasn’t about “peace and love.” Not
During a presentation at the White House in which President Barack Obama touted the benefits of the Affordable Care Act, the president declared that his signature health care reform law was not going to be repealed. This assertion led his administration members, his staff, and audience members to rise from their seats and give the president a standing ovation. Obama said that ACA opponents’ alternative to the health care reform law is to champion repeal and going back to the health care delivery system status quo ante. He specifically cited Sen. Mitch McConnell (R-KY) who he said was asked directly for
A woman has revealed how difficult it is to eat healthily and stay full when living off an average food stamp budget. Melinda Moulton, from Huntington, Vermont, was one of 200 people to take part in the 3Squares Challenge, which saw her living for a week on just $36 worth of food, or around $1.71 a meal. Opting to try and eat as healthily as possible, Ms Moulton resorted to cheap foods like yogurt for breakfast, two handfuls of peanuts for lunch and lentil stew for dinner, all of which left her unsatisfied.´I don´t know how people do it,´ said
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