rico1

Boy do I hope you are right.

What does this mean? Does this hold up commingle out of chapter VII?

Bank by phone, what a novel concept. Boy if they aren't careful they might even get internet banking and ATM's. But what good does this all do if the Dinar is worth $.00086? or am I missing something?

I am required for my job and security clearance to get tested and I think that everyone that gets a check from the government should. Except S.S. Most descent jobs now day's require you to pass one so I also believe that every one that is on welfare and unemployment should get one also. That way the government and society knows that you are willing and able to get a job and improve your situation. If you are unable to pass a drug test than you must not be willing to do what it takes to improve your situation so why should government, or I help you?

That is the only answer that makes since. Do you have a better one.

Looks like there is enough blame to go around. For anyone who remembers the days before schoolkids ate free-range chicken wraps and kale chips, reading the news Hostess Brands posted on its website Nov. 16 was like watching Howdy Doody get strangled: the 82-year-old company, which makes Wonder Bread, Twinkies, and other triumphs of American food engineering, would shut down immediately and ask a bankruptcy court to let it hold a fire sale on everything it owns. Hostess CEO Rayburn blamed a labor dispute, but a failure to keep pace with artisanal times helped doom the celebrated snack cakes. (Jonathan Alpeyrie / Polaris) The proximate cause? The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, which represents about 5,000 Hostess Brands workers, wouldn’t sign off on the bankrupt company’s latest reorganization plan and had gone on strike Nov. 12. Claiming that the company lacked “the financial resources to weather an extended nationwide strike,” CEO Gregory F. Rayburn said in a statement that “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.” At first blush, the brinksmanship over Twinkies—Twinksmanship?—was a case of junk bonds meeting junk food and producing a junky result. The parent company first went into Chapter 11 in 2004, where it stayed for more than four years before emerging under private-equity ownership. Rechristened Hostess Brands, it made a return trip to Chapter 11 in January 2012, laboring under a $700 million debt load. The new owners—hedge funds that had purchased the company’s debt—brought in Rayburn, who sought to cut employees’ wages and reduce pension and 401(k) contributions. In exchange for concessions on work rules, benefits, and compensation, the unions were to receive a 25 percent stake in the company, board representation, and a $100 million IOU. Several unions, including the Teamsters, signed off. But the bakers held out. Hostess Brands is a story of what happens when -businesses—be they large companies or small firms—focus too much on financial engineering to the detriment of innovation. Hostess, Dolly Madison, Ho Hos, Sno Balls, Twinkies, Wonder Bread—all have a Proustian effect on consumers of a certain age. But the product line didn’t keep up with a change in the zeitgeist. “Now we are in midst of a food revolution focused on local, organic, artisanal, and -authentic—the very antithesis of Twinkies,” says Marion Nestle, a nutrition expert at New York University. For many U.S. consumer brands, producing overseas, with local labor and for local tastes, has been a way to change their cost structure, to grow, and to cash in on the rapidly expanding consumer markets of China and India. Yet here again, Hostess was stuck with a 1950s worldview. Even though its products are loaded with preservatives, which means they can endure arduous travel to distant markets, Hostess does very little exporting. <a name="body_text7" style="visibility:hidden">The unwillingness or inability to update its business strategy and products for a changing world was more damaging to Hostess than the brief strike this month. A white-bread manufacturer that focuses solely on the U.S. market in 2012 is a little like a white-bread GOP candidate who focuses only on white voters in 2012. http://www.thedailyb...y-pleasure.html

Yes I have served and am now working as a contractor. Thanks

I don't know. Is that fine dinning in Texas?

You are just as happy this week as I was last. GO DUCKS:D

Martha C. White , NBC News contributor Relax, Twinkies likely to live on As shortages go, it pales in comparison to the gasoline woes the Northeast suffered after Hurricane Sandy. Nonetheless, panic-buying set in among fans of Hostess Twinkies and other baked goods after the company Friday announced plans to shut down. In reality, the snack foods don’t last indefinitely, but even if Hostess liquidates like the filling in a deep-fried Twinkie, the golden cakes still have a shot at outliving the company that makes them. An acrimonious standoff between management and the 5,000-plus members of its bakers’ union prompted Hostess Brands CEO Gregory Rayburn to announce that the troubled company would close the doors on its 83-year history, triggering an outpouring of grief and childhood nostalgia on Hostess’s Facebook page. Beyond Twinkies: Why more workers are striking “Already-baked Twinkies will continue to be shipped and sold, but when they run out... no more Twinkies,” said Marcia Mogelonsky, director of insight for Mintel Food & Drink. Only hours after the news broke, stories and photos began surfacing of cleaned-out grocery shelves across the country as fans made a run on Twinkies and other Hostess products. Spokespeople from Wal-Mart and Kroger had no comment as to whether the retailers were prepared for a potential onslaught of would-be stockpilers. NBC News correspondent Mara Schiavocampo purchased a “lifetime supply” of Twinkies, saying, “they are my single favorite junk food indulgence.” If this is Twinkie the Kid’s final ride into the sunset, it would also be the end of an era at the State Fair of Texas, which popularized an improbable hit: the deep-fried Twinkie. “Although there may never be a shortage of foods to fry, the Twinkie would be missed at fairs and in lunch boxes across the country if it didn’t survive,” said fair spokeswoman Sue Gooding. Related: Make them at home: Here’s a Twinkies recipe Rayburn said the shutdown will be nearly immediate. “Essentially, people are going to be sent home today,” he said. The entire wind-down, which includes selling plants, stores and other assets, will take more than a year. In an interview with CNBC, the CEO laid the lion’s share of the blame at the feet of the striking union. However, he acknowledged that management missteps, particularly ones that saddled the company with debt when it last emerged from bankruptcy after more than four years of restructuring in 2009, also contributed to the company’s current situation. Despite the company’s tough talk, though, Hostess still needs to get permission to liquidate from Judge Robert Drain, who is overseeing its Chapter 11 restructuring. An interim hearing is scheduled for Monday afternoon and a final hearing is scheduled for Nov. 29. Hostess has broached the prospect — or threat, from its unions’ perspective — of liquidation before without following through. But today, Rayburn said that even if the union relented and agreed to accept the 8 percent percent pay cut and nearly 20 percent hike in benefit costs, “[it’s] too late. We’re done.” The CEO did offer a ray of hope for Twinkie fans. “I'm hopeful that we can sell the brands,” he said. “I think that obviously competitors will be looking at those and then they have to make a judgment.” “I imagine they’ll definitely be able to find buyers,” said bankruptcy attorney Jeff J. Friedman, a partner at Katten Muchin Rosenman. “There could be a gap, but I’d be surprised if that gap was measured in anything more than weeks or months.” Mogelonsky said possible competitors who might want to buy Twinkies or other Hostess Brands intellectual property include Entenmann’s owner Bimbo Bakeries, Tastykake manufacturer Flower Foods or Little Debbie baker McKee Foods. “Other possible buyers are private label and food service suppliers including J&J Snack Foods, which supplies a number of food service outlets and convenience stores or one of the big orphan brand adopters’ [like] Pinnacle or ConAgra,” she said. Research company Packaged Facts estimates that snackers buy $125 million of Twinkies a year. Buyers would have to weigh those figures and the nostalgia value against the reality that — in spite of vocal protests from fans on Facebook — fewer Americans are eating Twinkies today. Although 12 percent, or 25 million households, currently buy Twinkies, that number slipped from 15 percent in 2004. Friedman said it’s in Hostess’s interest to sell its big name brands quickly, since customers could switch to a competitor’s products, or use the absence to choose healthier snacks. “These are going to start to lose value as time goes on,” he said. Unlike the Twinkie of urban legend, the brand won’t stay fresh forever.

FYI You forgot to add this part. This is a press release not a news story. Good try though. This section contains unedited press releases distributed by PR Newswire. These releases reflect the views of the issuing entity and are not reviewed or edited by the Sacramento Bee staff. More information on PR Newswire can be found on their web site. You can contact the service with questions or concerns here.

Hostess buying binge nears end; speculation on suitor LAS VEGAS (KSNV MyNews3) -- The buying binge in local stores for Hostess bakery products may soon end because there is little product to buy. The announcement Friday that more than 18,000 Hostess employees nationwide will soon be out of work because the strike-plagued company announced liquidation plans prompted a rush on retail stores that sell Twinkies, Ho-Hos, Sno-Balls and related bakery goods. But that charge may be coming to an end as stores report having few supplies of the traditional delights that date back to a 1930 origin. "We have been left in the dark," a worker at the only Las Vegas Hostess Bakery outlet store at Craig Road and Lamb Boulevard said Saturday afternoon. "We have very little product left and we have no idea when we might close." She said she had a long line at the register. She also refused to give her name because "the company has told us not to talk to the media or we'll lose our jobs." More than 170 employees at the Hostess bakery in Henderson have already or will shortly lose their jobs. While the local run may come to an end, the Internet buying spree has only escalated since Friday's announcement. One box of 10 Twinkies was reportedly being offered on e-Bay for $10 million, complete with delivery in a Hostess vehicle. There had been several bids that were rejected or withdrawn on the box. Another ad offered a box of Twinkies for an opening bid of $200,000 or an immediate purchase at $250,000. Meanwhile, Forbes.com was reporting today that a Mexican baker, Grupo Bimbo, might make another bid for the company. Back in 2007 when Hostess was in bankruptcy proceedings, the company owned by Daniel Servitje Montull tried to force the company into his control. The maneuver failed, but he has often expressed an interest to own Hostess. http://www.msnbc.msn.com/id/49869771/ns/local_news-las_vegas_nv/#.UKhcxYZG01k

"We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." -- Winston Churchill "Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want and their kids pay for it." -- Richard Lamm "The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville

Now dat's funny I don't care what you say.

You for got my favorite and when I first met my wife I had. You might be a redneck if. Your wallet is on a chain and your dog isn't. Or another favorite. You might be a redneck if. Your patio furniture used to be you living room furniture. The sad truth is I can relate to a few of these and proud to be a redneck.

LMAO :lol: :lol: :salute:

The reason that I come to this site is because the people are honest. I might not agree with someones opinions but they are telling it as they see it and don't have a hidden agenda. There is great discourse here on many subjects with many points of view and I take it all in and enjoy the witty banter.

Thank you I enjoy your posts. I have and do go to the D####G### site and read what has been posted, but I have also learned that there is more BS there than substance. I have also found out there are a few that are honest in there thought but sadly it doesn't seem to be the majority. LOVE THE HAT

As I stated in my post I was a union member for 30 years and I am well aware of why unions were needed to correct wrongs that where being done to the working class early last century. My grandfather was a wobbly and a member of the Lincoln brigade if you know your labor history you will understand the kind of family I grew up in. My mom and dad were both union members and we all have walk a picket line. I doubt that the company was paying $30 dollars an hour and I doubt that they offered $8 an hour to them. I would believe the answer is somewhere in between. my point is that labor sometimes needs to be realistic if they want the company to survive and for all to have a job. How are they better now on the unemployment line?

I was just skyping with my wife back in the states and we were talking about how we love the little hostess donuts that come 6 in a pack I think. And how I like the chocolate dipped ones with my milk.

I was a member of the CWA for 30 years and retired from the phone companies. But how smart is it to strike a company that is already in bankruptcy and almost insolvent and force them to go under? How does that pay your bills? Isn't it better to have a job than not? I wonder if the union reps still are going to have a job? (Reuters) - Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, said it had sought court permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers. Hostess, which has about $2.5 billion in sales from a long list of iconic consumer brands of snack cakes and breads, said it had suspended operations at all of its 33 plants around the United States as it moves to start liquidating assets. "We'll be selling the brands and as much of the infrastructure as we can," said company spokesman Lance Ignon. "There is value in the brands." Hostess said a strike by members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that began last week had crippled its ability to produce and deliver products at several facilities, and it had no choice but to give up its effort to emerge intact from bankruptcy court. The Irving, Texas-based company said the liquidation would mean that most of its 18,500 employees would lose their jobs. Hostess had given employee a deadline to return to work on Thursday, but the union held firm, saying it had already given far more in concessions than workers could bear and that it would not bend further. Union officials blamed mismanagement for the company's woes. The company, which filed for bankruptcy in January for the second time since 2004, said it had filed a motion with U.S. Bankruptcy Judge Robert Drain in White Plains, New York, for permission to shut down and sell assets. Hostess has 565 distribution centers and 570 bakery outlet stores, as well as the 33 bakeries. Its brands include Wonder, Nature's Pride, Dolly Madison, Drake's, Butternut, Home Pride and Merita, but it is probably best known for Twinkies - basically a cream-filled sponge cake. "We do not have the financial resources to weather an extended nationwide strike," Chief Executive Officer Gregory Rayburn said in a statement. "Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders." ID:nPnNY14980] The company said in court filings that it would probably take about a year to wind down. It will need about 3,200 employees to start that process, but only about 200 after the first few months. Union President Frank Hurt said the company's failure was not the fault of the union but the "result of nearly a decade of financial and operational mismanagement" and that management was trying to make union workers the scapegoats for a plan by Wall Street investors to sell Hostess. Hostess said its debtor-in-possession lenders had agreed to allow it to retain access to $75 million to fund the wind-down process. The company has canceled all orders with its suppliers and said any product in transit would be returned to the shipper. In its filing with the court, the company said it would have incurred a loss of between $7.5 million and $9.5 million from November 9 to November 19 in lost sales and increased costs. "These losses and other factors, including increased vendor payment terms contraction, have resulted in a significant weakening of the debtors' cash position and, if continued, would soon result in the debtors completely running out of cash," it said. Hostess had already reached an agreement on pay and benefit cuts with the International Brotherhood of Teamsters, its largest union. In its January bankruptcy filing, Hostess listed assets of $981.6 million. In a February filing, it assessed the value of its patents, copyrights and other intellectual property at some $134.6 million, although it did not break down the value by brands. The company's last operating report, filed with the bankruptcy court in late October, listed a net loss of $15.1 million for the four weeks that ended in late September, mostly due to restructuring charges and other expenses. The case is In re: Hostess Brands Inc, U.S. Bankruptcy Court, Southern District of New York, No. 12-22052. (Reporting by Tanya Agrawal in Bangalore and Carey Gillam in Kansas City and Jonathan Stempel in New York; Additional reporting by Ben Berkowitz in New York; Editing by Lisa Von Ahn) © Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp http://money.msn.com...05307&gt1=33009

Your welcome.

I agree, we will take our god, guns and work ethic and they can have the Change. this sounds familiar. didn't some one else ask there people for an oath of allegiance before they started WWII?

Yes, and Nero fiddled while Rome burned.

Why don't you deport the people that are here illegally before you deport citizens? Also you can't deport someone if the state that they live in leaves the union. But wait, you would probably march on them like Sherman in Georgia to keep them from leaving. Am I correct? I can think of one that doesn't do a good job of enforcement.