We Fear a World Without Twinkies as Hostess Files For Bankruptcy
AgainS  Being a comic book fan in the 80s I grew up thinking
there was no problem that couldn't be solved by golden flaky
crust or delicious cream filling. Apparently that doesn't apply
to financial insolvency, as snack cake maker Hostess Brands
files for Chapter 11 bankruptcy for the second time.  It's hard
for me to believe the company that controls the world's supply
of Twinkies, Ho-Ho's, and Ding Dongs could be anything less than
ridiculously wealthy, yet here we are. How can this be? In the
bankruptcy filing submitted to the U.S. Bankruptcy Court for the
Southern District of New York today the company that sugar built
cited harsh economic times, strong competition, and overwhelming
debt due to pension and medical benefit obligations as its
reason for seeking Chapter 11 protection.  The core problem
seems to be that the company is struggling to maintain an
archaic benefit system that has them in the hole of $944.2
million to the Bakery & Con