Today is a dark day for U.S. manufacturing as the storied corporation Hostess Brands Inc. announced that it was closing shop and liquidating, selling off its brands, facilities, and equipment. It is a sad ending to a company that had been in operation since 1930 and had weathered the Great Depression and the Great Recession. The closing will bring an end to a staggering 18,500 jobs.

 

 

During the last election campaign there was much talk about the Latino Vote, the African-American Vote, the Asian vote, the Soccer-Mom Vote, the Jewish Vote, but no talk about the one vote that tipped the scales of this presidential campaign in favor of Obama: the Illiterate Vote.

The most successful Republican presidential candidate of the past half century — Ronald Reagan, who was elected and reelected with landslide victories — bore little resemblance to the moderate candidates that Republican conventional wisdom depicts as the key to victory, even though most of these moderate candidates have in fact gone down to defeat.

The fiscal cliff draweth nigh. A lame-duck Congress and a triumphant President have six weeks to effect a deal that will keep the country from plunging over it. And right now, while both sides pay lip service to the idea of compromise, it looks like they’ll play chicken right up to the edge.

In the wake of Hurricane Sandy, there has been much talk about price gouging. New Jersey is prosecuting some who engaged in it, and pundit Bill O’Reilly has threatened to put offending gas stations in his fearsome Factor pillory. But is this prudent?

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