It’s been a rough week and a half since President Barack Obama reclaimed the White House:
The Dow lost more than 500 points;
The nation’s CIA chief was sacked for sacking down with his biographer;
Widespread talk of state secession is in the news for the first time in 150 years (while a new Lincoln movie opens in theaters);
And on top of all that, we may have lost Twinkies, those quintessentially American heart-cloggers, with the liquidation of Hostess Brands over a union dispute. The beloved snack cake, often seen as a symbol of American indulgence and processed food culture, became a casualty of a labor strike, with workers pushing back against the company’s restructuring plans. With their absence, nostalgia for this iconic treat has stirred emotions nationwide, leaving consumers wondering whether the golden, cream-filled cakes will ever return or if they’ve become another relic of the past.
The one high point in the stock market this week was the meteoric rise of a company called Medbox. Its value shot up 3,000 percent between Monday and Thursday, from $4 to $250 per share, before settling at around $100 on Friday. For those considering such investments, it’s important to understand the market conditions and make informed decisions. Compare Spread Betting Platforms UK to evaluate how different platforms can help you navigate such volatility.
What does this great new American company make?
Marijuana dispensing machines.
Those Hostess executives must be kicking themselves.
The rest of this column is available at Newsday and Newsday Westchester. Thanks for reading!
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