Beer sales go flat as economy worsens

Beer sales go flat as economy worsens
Oct 28, 2008 04:30 AM


Britons may be reeling from the global financial crisis, but few are crying into their beer. Suds sales are falling as the economy worsens, defying predictions that consumers would buy their brew at supermarkets to escape higher prices at pubs.

The British Beer and Pub Association said yesterday that total beer sales fell about 7 per cent in the third quarter – 161 million fewer pints compared with the same period in 2007.

Sales in pubs have been falling for years, leading to the closing of hostelries around the country. Now the association's Quarterly Beer Barometer reveals the downturn has broadened to supermarket sales.

Grocery and liquor store sales fell 6 per cent between July and September compared with the year-ago period, behind the 8.1 per cent drop at pubs, bars and restaurants.

Largest Chicken Manufacturer going BANKRUPT!

FOAF just said Pilgrims Pride had two days worth of feed remaining. There could be a market flooded with chicken and low prices, quickly followed by skyrocketing prices. Lots of jobs will be lost also as neither Tyson or Waynes Farms would be able to take up all the slack. Talking about a coming depression!

MILWAUKEE (AP) -- The sky could be falling on Pilgrim's Pride Corp., the chicken industry's biggest producer.

With its temporary financing ending on Tuesday and credit markets tight all around, the company faces an uncertain future. Some analysts say it could file for bankruptcy, though Pilgrim's Pride has said that option is unlikely. Others say the company is ripe for a buyout, either in whole or in part, by competitors. "Essentially, Pilgrim's Pride as we know it today will cease to exist."
Company spokesman Gary Rhodes said Pilgrim's Pride won't be making any comments. Earlier this month, he was widely quoted as saying that filing for bankruptcy wouldn't be in "anyone's best interest."

Man Shot, Robbed of Final Paycheck on Day He's Laid Off

Is this what's coming when companies lay off their workers? The worst part about this, is he also had to pay taxes on the stolen money! He got robbed twice.


Man Shot, Robbed of Final Paycheck on Day He's Laid Off
Monday, October 27, 2008


DETROIT — A 37-year-old man who had been laid off from his job at a plant in Saginaw was shot in Detroit by a robber who made off with about $1,700 — the sum of the victim's final paycheck from his job.

WDIV-TV and the Detroit Free Press report Brad Mannie said he stopped Friday night at a store with his 12-year-old son. After they got back into their vehicle, a robber shot Mannie in the hip and took his wallet.

Earlier that day, the Inkster man had been laid off from his production and maintenance job at Stress-Con Industries Inc.

Despite the ordeal, Mannie says he's just happy to be alive.

Detroit police say a weapon has been recovered.

Should you make a MAJOR withdraw from YOUR BANK?

According to this report we are in the midst of a financial PANIC! Should you be doing a major withdraw? I think so!


Roubini Says `Panic' May Force Market Shutdown, Fund Failures

By Alexis Xydias and Camilla Hall

Oct. 23 (Bloomberg) -- Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said.

``We've reached a situation of sheer panic,'' Roubini, who predicted the financial crisis in 2006, said at a conference in London today. ``There will be massive dumping of assets,'' and ``hundreds of hedge funds are going to go bust,'' he said.
Systemic risk has become bigger and bigger,'' Roubini said at the Hedge 2008 conference. ``We're seeing the beginning of a run on a big chunk of the hedge funds,'' and ``don't be surprised if policy makers need to close down markets for a week or two in coming days,'' he said.
`This is the worst financial crisis in the U.S., Europe and now emerging markets that we've seen in a long time,'' Roubini said. ``Things will get much worse before they get better. I fear the worst is ahead of us.''