Beyond Twinkies: Why More Workers Are Striking

[nutmeg]

I grew up in Detroit. Very union town. The class mates I kept in touch with, some ended up in management, some union, some in leader union postions.

However you slice it, the cos are gone, their jobs are gone, who knows, might not make a difference what side you are on.

The failures might be a symptom of macro economic policies. Could be pleny of bad attitude on the part of workers in general.

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I was around when Toyota started to sell cars in the US. This was a slap in the face to the WW2 generation who a few years earlier were fighting the Japanese. No loyalty to the co that signed their paycheck. Yea well so the big 3 might of put out a inferior product but Imo, the was the by product of Fed policies and auto management thumbing their nose at the Fed dictating on what to build how to build and social engineeriing.

There's a few us, myself included, who only buy one of the big 3 products. Oh well.

 

[njrookie1]

the bottom line is that one needs a skill set that is worth one's pay. if you can find a similar job at $25/hour, why worry about getting fired for a job that pays $18/hour.

the fact is that many do not have required skills for higher paid job and just cry for unfairness and "rigged" system, and want protection/intervention from politicians.

 

[failed_trad3r]

Quote from njrookie1:

the bottom line is that one needs a skill set that is worth one's pay. if you can find a similar job at $25/hour, why worry about getting fired for a job that pays $18/hour.

the fact is that many do not have required skills for higher paid job and just cry for unfairness and "rigged" system, and want protection/intervention from politicians.

It's weird I see it differently because I feel that currently many that are incompetent make alot more money than the competent. Kissing ass has never been more important. That's why newbies want to trade. The peter principle is well alive.

 

[njrookie1]

in short-term, yes, kissing ass might be a short-cut that gets someone ahead. in longer term, your skill will show. it does leave a bad taste/smell in your mouth though

no one will pay you if you cannot make them money.

trading is good in that sense. no ass kissing can save a bad trade or a bad trader.

 

[oldtime]

Quote from njrookie1:

in short-term, yes, kissing ass might be a short-cut that gets someone ahead. in longer term, your skill will show.

they will not pay you money if you cannot make them money.

trading is good in that sense. no ass kissing can save a bad trade.

depends on who you are and whose ass you are kissing, if you are Goldman Sachs you can kiss the Treasury Departments ass and they will save you

 

[hughb]

The bankruptcy judge did not allow the petition to liquidate, he is telling both sides to go back to the table. http://finance.yahoo.com/news/hostess-liquidation-too-sweet-managers-191817329.html

 

[sumfuka]

Quote from oldtime:

depends on who you are and whose ass you are kissing, if you are Goldman Sachs you can kiss the Treasury Departments ass and they will save you

In Goldie's case, they still have to kiss it well; otherwise j.p., ubs or whoever would bust up their lips.

 

[Scataphagos]

Seems to me Hostess was overly generous to its employees for a long time.

Couldn't Twinkies have also been "made in China", then shipped across the Pacific?

It's not like they have a shelf life or would spoil...

 

[nutmeg]

Quote from clacy:

More ET idiocy. So now we have to nationalize junk food?

"But wait, it gets better: because it is quite likely that should an emboldened US Trustee get her wishes granted, will push to continue operating Hostess as a going concern, potentially with a court appointed, and US Trustee selected management team.

In essence this could result in a stealth nationalization of the junk food maker, which would preserve the jobs of the workers for the time being, but crush the balance of the capital structure, i.e., secured and unsecured creditors.

Impossible, you say? It has happened, to a big extent, before. Recall a certain bankruptcy case of one General Motors, where the claims of creditors were primed by those of the labor unions.

Granted, such a perversion of the bankruptcy process would be historic, but in a country in which everyone is to blame for everything, and in which property rights are becoming a very nebulous concept, we would certainly not be surprised if the US government ends up "bailing out" Hostess by a mandatory flipping the capital structure, over the cries of the company's creditors, further pushing the country into the twilight Banana zone."

From zero hedge..

 

[GS19]

Twinkies Twinkies little star