Get your Ding Dongs, Twinkies and Wonder Bread while you still can because once the store shelves in your area are empty, they won’t be restocked with any tasty goods made by Hostess Brands.
The company has closed its plants and is liquidating because of a labor strike and union demands that made future operations for the bankrupt company impossible. Don’t bother trying to visit Hostess websites to refresh your memory about which sweet snacks the company makes, either. All websites were blank this morning, save for a “Not Found” error message.
The labor standoff will cost 18,500 employees their jobs and will deprive rednecks everywhere of a future filled with deep-fried hunks of trans fat and sugar.
Filed under: Business and Food
Quim Marcé, a theater owner in the small town of Bescanó, Spain, is a brilliant man who embraced the carrot as a consumer incentive when the government tried to hit him with the tax stick.
Marcé briefly believed his small business was doomed in the summer when the Spanish government hiked taxes on tickets to plays by 21 percent. But then he had a carrot-inspired epiphany: Sell produce in exchange for free movie tickets.
“We sell one carrot, which costs 13 euros [$16] -– very expensive for a carrot, But then we give away admission to our shows for free,” Marcé told NPR. “So we end up paying 4 percent tax on the carrot, rather than 21 percent, which is the government’s new tax rate for theater tickets.”
It’s a clever way to stick it to Tío Sam and to generate publicity for the theater. But tax hikers undoubtedly won’t let it stand. One Spanish economist quoted in the NPR story called it “tax evasion.”
“This means that people who do pay taxes have to pay a larger tax,” Fernando Fernandez said. “And this makes it more difficult to get the fiscal target. So we have to denounce this just as much as we denounce the filthy rich who don’t want to pay taxes. We should do the same.”
Filed under: Business and Entertainment and Food and Government and Human Interest and News & Politics