Members of the Attar family, Palestinians who were displaced during the eight-day conflict with Israel, return to their home in the Atatra area in the northern Gaza Strip on Thursday, a day after a cease-fire took hold. (Marco Longari / AFP/Getty Imagesa / November 22, 2012)
By Edmund Sanders
November 22, 2012, 10:14 a.m.
RAFAH, Gaza Strip – As the truce between Israel and Hamas appeared to be enduring through its first 24 hours, Gazans spent Thursday sweeping up, digging out and looking forward.
Hamas declared a public holiday, but most shops and many businesses opened their doors. Israeli warships were replaced on the horizon with Palestinian fishing boats for the first time in a week.
Having endured many conflicts, it’s a day-after drill Gazans know well. Residents who sought shelter in United Nations schools went home. A steady stream of families returning from Egypt arrived at the Rafah border crossing. Bulldozers tried to clear alternate roads around bombed-out bridges.
PHOTOS: Gaza conflict
Glass shop owner Kamal Habboush, 45, had seven walk-in customers by lunchtime to replace broken windows. Usually he’s lucky to have one.
But after 16 years in the business, he predicts the real rush won’t come for a few more days.
“People tend to wait to make sure the fighting is really over,’’ he said. “Just in case.”
TIMELINE: Israel-Gaza conflict
The eight-day conflict left at least 162 Palestinians and six Israelis dead. The Israeli military reported the sixth death Thursday, saying a soldier had died from injuries sustained in a rocket attack by Gazan militants, the Associated Press reported.
ALSO:
Gaza City's Mukhabarat building defies Israeli airstrikes
Israel-Hamas cease-fire gives each side enough to claim success
Judge questions former French leader Sarkozy in fundraising probe
It’s the day before Thanksgiving, and you forgot to reserve a turkey. Or maybe you are short on time, or just really lazy and don’t want to actually cook the meal. Either way, modern food science has the entire turkey day menu covered: Just add water.
We put together an all-instant menu, made up of only room-temperature foodstuffs requiring, at most, boiling water or a microwave to prepare. No baking, barbecuing, broiling, frying, grilling, roasting, sauteing or stewing necessary.
When it comes to instant gratification, freeze-drying is king, we’re told by Washington State University food engineer Juming Tang. And it preserves flavor while making food inhospitable to bacteria.
“It was developed in the 1950s, and gives you the highest quality product over canning, pickling and other food-preservation techniques,” Tang said. “But it’s also the most expensive, about three to 10 times as much.”
So if you are ready to boil and microwave your way out of any kind of really labor-intensive Thanksgiving preparations, here’s what you need.
Turkey
You must abandon the idea of a glistening, crispy skinned bird sitting on the dinner table. No room-temperature substitute comes close. But if there must be turkey, your options abound.
Ideally, you’ve already saved some cooked turkey for a rainy day by freeze-drying it. A more readily available choice is canned turkey, but it’s not a good sign when turkey products for your cat or dog (usually made from industrial food factory offal) overwhelm the human selection.
Beyond that, your best bet is an MRE, or “Meal, Ready to Eat,” developed by food scientists to feed troops hot dishes on the front line. Simply pour a little water in a magnesium-filled pouch for an exothermic reaction, and let ‘er cook.
As a last resort, take a hike to your local gas station for some turkey jerky.
Gravy
Kitchen wars have been fought over what gravy is, exactly, but we think it should be brownish, salty, gooey and bad for you.
Gravy cubes, gravy powder and cans of gravy make it one of the easiest Thanksgiving sides to instantly produce, but we vote for the canned species. That’s because they’re less likely to contain strange ingredients such as hydrogenated oils, monosodium glutamate, sulfiting agents, anti-caking agents, artificial colors and the ever-mysterious “artificial flavoring.” But if you like that sort of thing, go for the powder.
Stuffing
Homemade stuffing calls for a lot of toasting and mixing and baking, but we don’t have time for that. Grab any preservative-rich box of the instant variety, plus some butter (see below), and add boiling water.
Butter
Whoever said turkey is the essential element to any Thanksgiving dinner never looked at the ingredients list. Butter sneaks it way onto just about every fixin’, especially dessert.
The average stick of butter lasts only a few months in a refrigerator, but powdered butter lasts for about 5 years. That’s because it’s a dry powder, and bacteria need water to thrive. Go ahead and grab the big can — you’ll need it.
Cranberry Sauce
Don’t over-think this one. Secure a can of gelatin-infused cranberry sauce and be merry.
Mashed Potatoes
You will have no problem securing some instant mashed potatoes, thanks again to the wonders of freeze-drying.
Green Bean Casserole
Merge one can of French-style green beans with one can of cream of mushroom soup, then top with FUNYUNS® or some other mysterious fried onion substitute. Not your grandmother’s recipe, but it’s functional.
Candied Yams
Replicating the crusty-gooey mouth feel of yams, brown sugar and marshmallows without an oven isn’t impossible.
If you’re boiling water on the stove top for another dish, roast the marshmallows on a stick over the flames, then drop them onto the yam and brown sugar mixture. Better yet, cram your dish into the microwave and watch the marshmallows turn into goo.
Bread
Who needs the yeasty aroma of fresh-baked bread when you’ve got bread-in-a-can?
Pie
Making a pie using by only adding water may sound ludicrous, but it’s as easy as… not baking a pie.
For the crust, mash up vanilla wafers or graham crackers, drip in a few tablespoons of butter and shape the mix into a proper pie-filling receptacle.
Opinions on essential Thanksgiving pie fillings vary, but whatever you’re making, gelatin — collagen extracted from ground-up animal bones, hides and skin — is your friend. Mix spices, primary filling (e.g. canned pumpkin), condensed milk, reconstituted eggs (see below) and any other ingredients into some water and gelatin, heat it in the microwave for a bit, then dump it into your crust.
Cooling helps gelatin molecules solidify into a wiggly matrix, so take advantage of chilly weather by setting the pie outside.
Eggs
A few dinner menu staples call for eggs as a binding agent, especially the pies. Thanks again to freeze-drying methods, there’s a powder for that.
Whipped Cream
We don’t know what’s in it, but whipped cream powder is out there.
To play it on the safer side, get some freeze-dried heavy cream powder, add water and whip it up with an electric beater.
If we missed anything, let us know in the comments. And if anyone actually makes the Wired.com instant Thanksgiving dinner, send a photo to @wiredscience on Twitter.
LOS ANGELES (AP) — The producers of “The Price is Right” owe a former model on the show more than $ 7.7 million in punitive damages for discriminating against her after a pregnancy, a jury determined Wednesday.
The judgment came one day after the panel determined the game show’s producers discriminated against Brandi Cochran. They awarded her nearly $ 777,000 in actual damages.
Cochran, 41, said she was rejected when she tried to return to work in early 2010 after taking maternity leave. The jury agreed and determined that FremantleMedia North America and The Price is Right Productions owed her more than $ 8.5 million in all.
“I’m humbled. I’m shocked,” Cochran said after the jury announced its verdict. “I’m happy that justice was served today not only for women in the entertainment industry, but women in the workplace.”
FremantleMedia said it was standing by its previous statement, which said it expected to be “fully vindicated” after an appeal.
“We believe the verdict in this case was the result of a flawed process in which the court, among other things, refused to allow the jury to hear and consider that 40 percent of our models have been pregnant,” and further “important” evidence, FremantleMedia said.
In their defense, producers said they were satisfied with the five models working on the show at the time Cochran sought to return.
Several other former models have sued the series and its longtime host, Bob Barker, who retired in 2007.
Most of the cases involving “Barker’s Beauties” — the nickname given the gown-wearing women who presented prizes to contestants — ended with out-of-court settlements.
Comedian-actor Drew Carey followed Barker as the show’s host.
___
Anthony McCartney can be reached at http://twitter.com/mccartneyAP .
This strudel is made with phyllo dough. When I tested it the first time, I found that I had enough filling for two strudels. Rather than cut the amount of filling, I increased the number of strudels to 2, as this is a dessert you can assemble and keep, unbaked, in the freezer.
4. Place 8 sheets of phyllo dough on your work surface. Cover with a dish towel and place another, damp dish towel on top of the first towel. Place a sheet of parchment on your work surface horizontally, with the long edge close to you. Lay a sheet of phyllo dough on the parchment. Brush lightly with butter and top with the next sheet. Continue to layer all eight sheets, brushing each one with butter before topping with the next one.
5. Brush the top sheet of phyllo dough with butter. Sprinkle on half of the almond powder (50 grams). With the other half, create a line 3 inches from the base of the dough, leaving a 2 1/2-inch margin on the sides. Top this line with one portion of the fruit mixture. Fold the bottom edge of the phyllo up over the filling, then fold the ends over and roll up like a burrito. Using the parchment paper to help you, lift the strudel and place it on the other parchment-lined baking sheet. Brush with butter and make 3 or 4 slits on the diagonal along the length of the strudel. Repeat with the other sheets of phyllo to make a second strudel. If you are freezing one of them, double-wrap tightly in plastic.
6. Place the strudel in the oven and bake 20 minutes. Remove from the oven, brush again with butter, rotate the pan and return to the oven. Continue to bake for another 20 to 25 minutes, or until golden brown. Remove from the heat and allow to cool for at least 15 minutes. Serve warm or room temperature.
Yield: 2 strudels, each serving 8
Advance preparation: The fruit filling will keep for a couple of days in the refrigerator. The strudel can be baked a few hours before serving it. Recrisp in a medium oven for 10 minutes. It can also be frozen before baking, double-wrapped in plastic. Transfer directly from the freezer to the oven and add 10 minutes to the baking time.
From left, Tara Niebeling, Sarah Schmidt, Bridget Jewell and Erin Vande Steeg are members of the social media team at the Mall of America in Bloomington, Minn.
Retailers are trying to lure shoppers away from the Internet, where they have increasingly been shopping to avoid Black Friday madness, and back to the stores. The bait is technological tools that will make shopping on the busiest day of the year a little more sane — and give shoppers an edge over their competition.
Those with smartphones in hand will get better planning tools, prices and parking spots. Walmart has a map that shows shoppers exactly where the top Black Friday specials can be found. A Mall of America Twitter feed gives advice on traffic and gifts, and the Macy’s app sends special deals for every five minutes a shopper stays in a store.
“The crazy mad rush to camp out and the crazy mad rush to hit the doorbusters have really made people think, ‘I’m just going to stay home on Black Friday,’ ” said Carey Rossi, editor in chief of ConsumerSearch.com, a review site. “This is going to invite some people back and say, ‘You know what? It doesn’t have to be that crazy.’ ”
Part of the retailers’ strategy is to slap back at online stores like Amazon.com, which last year used apps to pick off shoppers as they browsed in physical stores. But the stores are also recognizing that shopping on the Friday after Thanksgiving need not require an overnight wait in line, a helmet and elbow pads. A smartphone gives shoppers enough of an edge.
“This takes away that frantic Black Friday anxiety,” said Lawrence Fong, co-founder of BuyVia, an app that sends people price alerts and promotions. “While there’s a sport to it, life’s a little too short.”
Denise Fouts, 45, who works repairing fire and water damage in Chandler, Ariz., was already using apps, including Shopkick, Target’s app and one called Black Friday, before Thanksgiving to prepare for Black Friday. “There still are going to be the crowds, but at least I already know ahead of time what I’m going specifically for,” Ms. Fouts said.
Last week, Macy’s released an update to its app with about 300 Black Friday specials and their location. In the Herald Square store, for instance, the $49.99 cashmere sweater specials will be in the Broadway side of the fifth-floor women’s department.
“With the speed that people are shopping with on Black Friday, they need to be really efficient about how they’re spending their time,” said Jennifer Kasper, group vice president for digital media at Macy’s.
When shoppers keep the app open, Macy’s will start sending special deals to the phone every five minutes. The deals are not advertised elsewhere.
Walmart has had an app for several years, but recently introduced an in-store mode, which shows things like the current circular or food tastings when a shopper is near a certain location. Twelve percent of Walmart’s mobile revenue now comes from when a person is inside a store.
For Black Friday, the app will have a map of each store, with the precise location of the top sale items — so planners can determine the best way to run. “The blitz items are not where you think they would be, because for traffic reasons, maybe the hot game console is in the lawn and garden center,” said Gibu Thomas, senior vice president for mobile and digital for Walmart Global eCommerce.
Target is also testing a way-finding feature on its app at stores that include some in Seattle, Chicago and Los Angeles. If a shopper types in an item, the app will give its location.
Other app makers are betting that shoppers want apps that pull in information from many stores.
RedLaser, an eBay app, lets shoppers use their phones to compare prices and recently started using location data to give shoppers personalized promotions when they walk into stores, including items not on store shelves at Best Buy, for instance. RetailMeNot, which offers e-commerce coupons, now has offline coupons that will pop up on users’ cellphones when they step near 500 malls on Black Friday.
“Consumers are not going to download 40 different apps for 40 different stores,” said Cyriac Roeding, co-founder of Shopkick, a location-based app that gives shoppers points, redeemable for perks, when they walk into stores or scan certain items.
For Black Friday, Shopkick is publishing what it calls a little black book with the top doorbusters. Shoppers will earn extra points and rewards for shopping on Black Friday.
Black Friday is a day for burning off those Thanksgiving calories with some intense Christmas shopping. But for the Los Angeles Police Department, it's become a day of surveillance, crowd control and crime-suppression tactics.
Helicopters will buzz above some shopping centers, and below, a cavalry of LAPD officers will patrol on bikes and horses. From store rooftops, officers will scan the crowds below looking for unruly behavior. Electronic signs near stores will warn customers about becoming victims of theft as they navigate the mass of humanity looking for bargains.
The deployments are part of a new strategy by the LAPD to deal with the retail roller derby that comes after Thanksgiving. In addition to stationing officers around shopping centers, the LAPD has been visiting stores across the city this week, talking to managers about the psychology of the frantic shopper.
Officials said the push was prompted by a series of incidents at Black Friday sales, notably one last year at a Porter Ranch Wal-Mart in which two dozen people were injured when a woman unleashed pepper spray during a frantic battle for some discounted video games.
LAPD Cmdr. Andy Smith said he hopes people will behave. But "like Chief [Charlie] Beck says, we are not in the optimism business."
The LAPD would not say exactly how many officers it will deploy Friday, but the number is expected to be considerable. In the Valley division, for example, officials have put together detailed tactical plans for each major shopping center, using mobile command posts and both officers and cadets.
"For some people, shopping is a competitive sport," Smith said. "But it should not be a contact sport."
Even some big retailers — which for years fueled the shopping frenzy with aggressive marketing and deep discounts — are trying to rein in some of the excitement they create this year.
Fernando Reyes, manager of the Wal-Mart in Porter Ranch where the pepper spray incident occurred, said his main goal is to avoid a repeat of the chaos. He has met with the LAPD and plans new crowd-control strategies, including setting up special check-out lines for some sales items.
The store also plans to give out vouchers to shoppers for "door buster" merchandise to avoid people jockeying for the limited supplies. If a customer did not get such a voucher, Reyes said there should be a "reasonable expectation" that they won't get the sales item.
The LAPD has talked to other retailers about creating "time-specific entry passes" that would stagger the number of shoppers who are inside the store at any given time. In a flier the department is handing out to store managers, officials note that "this process has been very successful at many of the major theme parks and can help to ensure organized, safe entry into your business."
The LAPD has also suggested that retailers avoid stacking sales items on pallets "to mitigate crowd aggression."
Despite all the headlines, Black Friday misbehavior is still relatively rare. Police report a scattering of brawls, assaults and various larcenies each year. But it's the headlines that people remember. A few years ago, gunfire erupted in a crowded Palm Desert Toys R Us, killing two people. Four years ago, a Long Island, N.Y., Wal-Mart employee was trampled to death by a crush of customers who toppled large glass doors.
Aimee Drolet Rossi, a consumer psychologist at UCLA's Anderson School of Management, said it should not be surprising that some people act out on Black Friday. Research on rats and monkeys has shown that they become more aggressive when placed in a crowded situation, and Rossi said humans are no different.
"Crowding leads people to behave less altruistically, in part because people's sense of responsibility lags when a lot of other people are around," she said. "People assume that other people will step up to help someone who is in distress."
She also said research shows that people are less likely to make eye contact with people in crowded situations, and this can cause them to make bad decisions.
Retailers bear some of the responsibility for what's happened, she said.
"They set up this environment that encourages this competitive shopping ...." Rossi said. "They offer only 10 TV sets at the ridiculously low price. It's really no surprise people get upset when they don't get one."
This year, some stores are actually opening on Thanksgiving Day, and people are already lined up.
Tony Juarez, a 30-year-old North Hollywood resident, has been camping outside the Porter Ranch Best Buy for a week. It's been an eight-year tradition for Juarez and his friends, who set up a makeshift campsite with portable chairs, blankets and a heater. A few feet away, other campers actually brought tents.
This year, Juarez is hoping to score some cut-priced TVs and laptops. A few years ago, he got a $200 Toshiba laptop and is still crowing about the bargain.
He was at the Best Buy when the pepper spray incident occurred at the Wal-Mart next door. He watched, stunned, as a stampede of shoppers streamed out of the store and scores of police arrived.
This year, he's definitely noticed more police presence at the shopping center, and that has been comforting.
"We are seeing an LAPD car every five minutes. It's definitely safer," he said.
But more police isn't enough for South L.A. resident Lynnette Jordan, who plans to stay away from the Baldwin Hills Crenshaw mall on Friday.
"You are still going to deal with folks basically fighting to get into the door to get the item they so desperately want," Jordan said. "No matter what, some people will act the fool because that's what they do."
It runs using gas-filled tubes, mechanical relays, and paper tape. It’s a giant, and it’s slow. But it runs, dammit.
On Tuesday, volunteers at Britain’s National Museum of Computing rebooted the Harwell Dekatron — a 2.5-metric-ton monster from the early 1950s — making it the oldest working digital computer in existence.
It took about half an hour to warm the machine up. Then the volunteers — who’d spent the past two-and-a-half years rebuilding the machine — fed in a program via paper tape. Gas-powered tubes lit up. There was some clicking and clunking. Lights flashed. And then the 61-year-old printer typed out the answer to a simple multiplication problem — its first job since the 1970s.
Two of the Dekatron’s original designers and a few of its former operators were on-hand yesterday at the National Museum of Computing’s Bletchley Park home to catch the reboot. “The machine worked perfectly,” says Kevin Murrell, who’s led the restoration effort.
The machine was built in 1951, and it served for six years as a number-cruncher for the U.K.’s main atomic research facility at Harwell. “This was used in the very early days of modeling atomic power plants,” Murrell says. It could do complex equations flawlessly, at about the speed of two mathematicians armed with mechanical calculators.
In 1957, the giant computer was shipped of to the nearby Wolverhampton and Staffordshire Technical College, where it served as a comp-sci teaching tool for a couple of more decades. That’s where it picked up the name the WITCH (Wolverhampton Instrument for Teaching Computing from Harwell). Then, in 1973, the Guinness Book of World Records proclaimed it the world’s most durable computer. It was eventually mothballed in a museum.
About three years ago, Kevin Murrell was looking through photos of computer components the National Museum of Computing had in storage. Something popped out. “In the corner of one picture was a little control panel,” he remembers. “I looked at this an thought I know this control panel. That’s the machine I remembered from all those years ago.”
Amazingly, about 95 percent of the machine was still in the collection. So after a few years of cleaning the machine’s 4,000 connectors, and 828 Dekatron tubes, rewiring and repairing power supplies, the historic computer was good to go.
It uses gas-filled Dekatron counting tubes instead of the transistors you’d find in modern computers. As the six-person restoration team discovered, these tubes held up amazingly well after more than 60 years.
The clear tubes store values in one of 10 cathodes, grouped in a circle around a central node, so you can actually see what’s in memory. This combined with the Dekatron’s plodding pace, makes it a remarkable computer teaching tool, Murrell says.
“You can look at the memory location and say, ‘Yes, that contains the number three.’”
LOS ANGELES (Reuters) – Music by Paul McCartney, Bob Dylan, Elton John and late singers Whitney Houston and James Brown will be inducted into the 2013 Grammy Hall of Fame, The Recording Academy said on Wednesday.
Paul McCartney & Wings‘ 1973 album “Band on the Run,” long credited with reigniting McCartney’s career following the Beatles’ split in 1970, was one of the 27 new inductees into the Grammy Hall of Fame, on display at the Grammy Museum in downtown Los Angeles.
Houston‘s self-titled 1985 debut album was also named an inductee, following the singer’s sudden death aged 48 in February this year. Australian hard-rock band AC/DC’s top-selling 1980 “Back in Black” album was also named a new entry.
The Recording Academy, which also runs the Grammy awards, picks songs and albums from all genres that are at least 25 years old, with either “qualitative or historical significance” to be considered annually for the Grammy Hall of Fame by a committee.
“Memorable for being both culturally and historically significant, we are proud to add (the 2013 inductees) to our growing catalog of outstanding recordings that have become part of our musical, social and cultural history,” The Recording Academy President and CEO Neil Portnow said in a statement.
As well as albums, the Grammy Hall of Fame also includes songs of historic and cultural significance and the inductees for 2013 see a range of classic American songs.
Iconic Dylan song “The Times They Are A-Changing” from 1964, R&B singer Ray Charles’ 1961 tune “Hit the Road Jack,” Rat Pack star Frank Sinatra’s 1980 “Theme from ‘New York, New York’”, and ‘Godfather of soul’ James Brown‘s 1965 classic “I Got You (I Feel Good)” were all honored.
Other 2013 inductees include Elton John‘s 1970 self-titled second album and American debut, Billy Joel’s 1973 hit “The Piano Man” and Willie Mae “Big Mama” Thornton’s 1953 R&B classic “Hound Dog,” later covered by Elvis Presley.
(Reporting By Eric Kelsey; Editing by Piya Sinha-Roy and Andrew Hay)
Health officials are warning parents not to use a special device designed to help keep babies in certain positions as they sleep. The device, called a sleep positioner, has been linked to at least 13 deaths in the last 15 years, officials with two federal agencies said on Wednesday.
“We urge parents and caregivers to take our warning seriously and stop using these sleep positioners,” Inez Tenenbaum, the chairman of the Consumer Product Safety Commission, said in a statement.
The sleep positioner devices come primarily in two forms. One is a flat mat with soft bolsters on each side. The other, known as a wedge-style positioner, looks very similar but has an incline, keeping a child in a very slight upright position.
Makers of the devices claim that by keeping infants in a specific position as they sleep, they can prevent several conditions, including acid reflux and flat head syndrome, a deformation caused by pressure on one part of the skull. Many are also marketed to parents as a way to help reduce a child’s risk of sudden infant death syndrome, or SIDS, which kills thousands of babies every year, most between the ages of 2 months and 4 months.
But the devices have never been shown in studies to prevent SIDS, and they may actually raise the likelihood of sudden infant death, officials say. One of the leading risk factors for sudden infant death is placing a baby on his or her stomach at bedtime, and health officials have routinely warned parents to lay babies on their backs. They even initiated a “Back to Sleep” campaign in the 1990s, which led to a sharp reduction in sudden infant deaths.
With the positioner devices, if an infant rolls onto the stomach, the child’s mouth and nose can press up against a bolster or some other part of the device, leading to suffocation. Even if placed on the back, a child can move up or down in the positioner, “entrapping its face against a bolster or becoming trapped between the positioner and the crib side,” Gail Gantt, a nurse consultant with the Food and Drug Administration, said in an e-mail. Or the child might scoot down the wedge in a way that causes the child’s mouth and nose to press into the device.
“The baby’s movement may also cause the positioner to flip on top of the baby, trapping the baby underneath the positioner or between the positioner and the side of the crib,” she said.
Of the 13 babies known to have suffocated in a sleep positioner since 1997, most died after they rolled from their sides onto their stomachs. The Consumer Product Safety Commission has also received dozens of reports of babies who were placed on their sides or backs, “only to be found later in hazardous positions within or next to the product,” the F.D.A. said in a statement.
Many baby books for new parents specifically urge against using sleep positioners, and the American Academy of Pediatrics does not support their use for SIDS prevention. Though the F.D.A. has never approved the positioners for the prevention of SIDS, it has in the past approved a number of the devices for the prevention of gastroesophageal reflux disease and flat head syndrome. But the agency said that in light of the new safety data, it believed any benefits from using the devices were outweighed by the risk of suffocation.
As of Wednesday, the agency is explicitly advising parents to stop using sleep positioners, and it has asked manufacturers of the devices to submit clinical data showing that the benefits of their products outweigh the risk of serious harm. In addition to avoiding the devices, experts say, parents should keep things like pillows, comforters, quilts and bumpers away from their infants and their cribs. Soft bedding can increase the likelihood of a baby suffocating.
“The safest crib is a bare crib,” Dr. Susan Cummins, a pediatric expect with the F.D.A., said in a statement. “Always put your baby on his or her back to sleep. An easy way to remember this is to follow the ABC’s of safe sleep – Alone on the Back in a bare Crib.”
A federal bankruptcy judge approved Hostess Brands’ plans to wind itself down, officially putting the Twinkies brand on the auction block.
In granting Hostess’s motion, Judge Robert D. Drain of the Federal Bankruptcy Court for the Southern District of New York cited the need for a quick and orderly shuttering of the company to avoid letting its assets molder. The alternative, a less-structured Chapter 7 liquidation would be far worse.
“This estate will suffer substantial diminution if this wind-down plan is not quickly implemented,” he said. “It appears to me that the debtors have taken the right course.”
Judge Drain’s motion spells the almost certain end of Hostess, an 82-year-old bakery that survived the Great Depression, numerous wars and countless low-carb diets. But the company, whose stable of sugary confections also include Ho Hos and Ding Dongs, struggled for more than a decade with the public’s increasing fondness for lower-calorie, less-processed snacks.
During a hearing that stretched for more than four hours, company executives and advisers espoused a simple message: expedited sales of the company’s brands will raise the maximum amount of money possible. And letting Hostess begin shutting its doors for good sooner would be kinder to employees.
Advisers sounded confident that the liquidation process, which is expected to take about a year, could yield big recoveries for creditors.
“Since we filed motion, we have received a flood of inquiries and think there can be a healthy competition,” Heather Lennox, a lawyer for the company, said at Wednesday’s hearing.
Hostess’ chief executive, Gregory Rayburn, testified in court on Wednesday that he needed to lay off 15,000 of the company’s 18,500 employees that afternoon, so that they could begin applying for unemployment benefits. Such speed, he said, was necessary for maximizing the value of what remained of the 82-year-old company.
“From this point forward, I need two things to happen,” he said. “I need to maximize the value of the estate, and I need to do the best thing for the employees.”
He also asked the court to quickly approve Hostess’s plans to liquidate, given that the value of its brands and assets had begun deteriorating since factory production lines shut down on Friday.
“The longer you’re off the shelf, the less value you’re going to get,” Mr. Rayburn said.
An investment banker for Hostess contended that, at this point, the company could fetch significant sums for its host of sugary treats. Joshua Scherer of Perella Weinberg Partners testified that over the course of the 10-month-old Chapter 11 case, he had received six takeover bids — though none were acceptable.
Since Hostess announced its intentions to liquidate, it has received expressions of interest from a wide range of potential buyers. Without naming names, Mr. Scherer said that they included regional bakeries. national competitors and retail customers along the lines of Wal-Mart Stores and Kroger.
The banker added that his firm plans to reach out to approximately 145 financial firms, including private equity shops and liquidators, to gauge their interest. Investment concerns like Sun Capital Partners and C. Dean Metropoulos & Company, the owner of Pabst Blue Ribbon beer, have already said that they were interested in buying some or all of Hostess’s remains.
(Sun Capital has said that it would like to buy all of Hostess, not only preserving the company but also improving its toxic relationship with employee unions.)
Mr. Scherer said that he expected asset sales to reap “significant values,” perhaps more than $1 billion.
The hearing followed a last-minute mediation session between Hostess and its bakery employees union on Tuesday. That gathering, convened at the behest of Judge Drain, was meant to resolve a nearly two-week-old strike that company executive said fatally crippled its operations.
But after several hours of negotiations, the mediation talks collapsed.
“I wanted to acknowledge the tragedy that’s taking place here,” Richard Seltzer, a lawyer for the Teamsters, one of the company’s major unions, said in court.
