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Showing posts from November, 2012

Hostess Going Out of Business

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EVERYTHING MUST GO Scott Olson / Getty Images Get those Twinkies while you can, as they might soon be a thing of the past. Hostess announced on Friday it is going out of business, claiming that a union strike ruined its operations. Hostess has filed a motion with the U.S. Bankruptcy Court asking to close and sell its assets. This may mean the end of Twinkies, Ding Dongs, and Wonder Bread, although the company said it may sell its recipes to the highest bidder. Bakery operations have ended at all company plants, and the company will lay off all 18,500 employees. Hostess Brands will continue to be sold for the next several days until all of the already-baked products are sold

The marathon race to the White House is over, the day of American democratic muscle flexing now passed. The National Post’s Sarah Boesveld lays out the lessons learned.

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Big bucks can’t buy change in the White House 1  With a projected US$6-billion pricetag when all is said and done, the Romney-Obama showdown had the biggest budget on record. But money from cash-flush super PACs couldn’t score a massive transformation. America still has a Democratic president, a Republican House of Representatives and a Democratic Senate. “The people who spent the majority of the $6-billion … were primarily supporters of Republican candidates,” said Greg Anderson, a University of Alberta associate professor of political science. “It’s actually organization that determines everything,” he said, pointing to Mr. Obama’s get-out-the-vote success in battleground Ohio. Take the high road when you win 2  In such a race, there was no shortage of mudslinging and attack ads — repeated mentions of Mr. Romney’s 47% fundraiser comment and dragging Big Bird into gaffes among Mr. Obama’s sins. “[The U.S. President] failed just as miserably as others to change the tone, but he