1. Forum
  2. Usenet
  3. MISC.NEWS.INTERNET.DISCUS

  • consumers cutting back on their spending

    From JAB@21:1/5 to All on Wed Jul 2 20:37:32 2025
    138-year-old grocery store staple files for bankruptcy

    Del Monte Foods, the 138-year-old company best known for its canned
    fruits and vegetables, has filed for bankruptcy and is looking for a
    buyer.
    ...
    He said that the company has "faced challenges intensified by a
    dynamic macroeconomic environment," notably consumers cutting back on
    their spending and a growing shift toward spending on private labels.
    ...
    Del Monte got its start in 1886 and built its famous cannery in San
    Francisco in 1907. The company claims that it operated the largest
    fruit and vegetable cannery in the world by 1909.

    https://www.cnn.com/2025/07/02/food/del-monte-foods-bankruptcy

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Retrograde@21:1/5 to JAB on Thu Jul 3 06:52:32 2025
    On Wed, 02 Jul 2025 20:37:32 -0500
    JAB <here@is.invalid> wrote:

    Del Monte Foods, the 138-year-old company best known for its canned
    fruits and vegetables, has filed for bankruptcy and is looking for a
    buyer.


    Well, the can of ground coffee I usually buy just went from $8.99 to
    $19. Thanks, idiot tariffs. I don't mind though, because I know we
    are protecting the vast ecosystem of American coffee growers ... oh
    wait.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Eli the Bearded@21:1/5 to fungus@amongus.com.invalid on Thu Jul 3 16:23:48 2025
    In misc.news.internet.discuss, Retrograde <fungus@amongus.com.invalid> wrote:
    JAB <here@is.invalid> wrote:
    Del Monte Foods, the 138-year-old company best known for its canned
    fruits and vegetables, has filed for bankruptcy and is looking for a
    buyer.
    Well, the can of ground coffee I usually buy just went from $8.99 to
    $19. Thanks, idiot tariffs. I don't mind though, because I know we
    are protecting the vast ecosystem of American coffee growers ... oh
    wait.

    Closer to home for Del Monte, the ICE actions are starting to impact
    food harvesting in the US, which will only lead to higher prices and
    fewer options.

    Meat packing plants are also under strain, so maybe Hormel will be next.

    Elijah
    ------
    what a fucking idiot running the US

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to *@eli.users.panix.com on Thu Jul 3 12:31:10 2025
    On Thu, 3 Jul 2025 16:23:48 -0000 (UTC), Eli the Bearded <*@eli.users.panix.com> wrote:

    Meat packing plants

    Quite a few in Midwestern states...I'm not aware of Kristi Noem
    sending the ICE troops to those states...

    In time, Karmic retribution will be in their face....hopefully, in the
    next election...with those eliminated from Medicaid/etc voting.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to *@eli.users.panix.com on Thu Jul 3 13:24:53 2025
    On Thu, 3 Jul 2025 16:23:48 -0000 (UTC), Eli the Bearded <*@eli.users.panix.com> wrote:

    Closer to home

    45% of crews vanish: ICE raids bring California's food system to a
    halt

    For California's $59 billion agricultural economy, the consequences of
    ICE raids on produce farms could be severe. Roughly 70% of the state's
    nearly one million farmworkers are undocumented, forming the backbone
    of a system that depends on labor few others are willing to do. These
    workers pick delicate, labor-intensive crops, such as strawberries and
    lettuce, which machines can't easily harvest. When immigration raids
    disrupt these communities, the cracks spread beyond the fields:
    packing plants run at half capacity, transportation slows, and even
    local restaurants and repair shops see business dry up.

    https://www.newsbreak.com/share/4077770549864-45-of-crews-vanish-ice-raids-bring-california-s-food-system-to-a-halt

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Retrograde@21:1/5 to Eli the Bearded on Wed Jul 9 18:29:47 2025
    On Thu, 3 Jul 2025 16:23:48 -0000 (UTC)
    Eli the Bearded <*@eli.users.panix.com> wrote:

    what a fucking idiot running the US

    Not just a single idiot though, a whole team of them! And dumbass
    Americans are out in droves celebrating the idiocy. The rot goes deep, unfortunately.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to fungus@amongus.com.invalid on Thu Jul 10 06:22:33 2025
    On Wed, 9 Jul 2025 18:29:47 -0600, Retrograde
    <fungus@amongus.com.invalid> wrote:

    Eli the Bearded <*@eli.users.panix.com> wrote:

    what a fucking idiot running the US

    Not just a single idiot though, a whole team of them!

    When government spending supports projects (roads, green energy, etc),
    there is a long term return on these investments, including increases
    in tax revenue. There is nothing wrong with Uncle Sam investing in
    business projects that advances the nation's interest, but this is not happening now.

    With ICE spending, only select companies profit. Employers who hired
    them will take a hit, and consumers who buy products via those
    employers will most likely pay more for their products. ICE's actions
    also will decrease the total federal/state tax revenue streams.

    Economically, a cause/effect relationship with US suffering.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)