Friday, June 02, 2006

Politics and the Stock Market

It was interesting to read in the news today that the H. J. Heinz Company, one of the world's largest food companies, quarterly profit fell 19 percent and that it would cut 2,700 jobs and exit 15 plants as part of a plan to cut costs and increase profit.

Lest we forget the headlines: Bush Backers Spurn Heinz Ketchup and we have seen more of this; political partisans who are tailoring their shopping habits to their party affiliations.

I'm sure that the Sen. John Kerry, and his wife, Teresa Heinz Kerry have taken note of this.


Perhaps the Democrats should shun Wal-mart!

Republican candidates are the big winners in 2004 election. They received about 85% of the company's contributions, including those of its political action committee, employees and children of founder Sam Walton.


Wal-Mart's rise is significant because of the impact it might have on congressional debates about health care, labor and other hot-button regulatory issues, says Larry Noble, the center's executive director. "They're clearly making a move," he says.

2 comments:

Heidi said...

I thought the Democrats were already shunning/boycotting Walmart.... but, because of their HR practices, and refusing to allow employees to organize by intimidation....

I have to admit, I also boycott businesses because of their political affiliations, but please, Heinz Ketchup should be boycotted because, John Kerry's wife's deceased husband's (who happened to be a republican...)family was a part of the Heinz Family....

How contrived can you get... talk about mindless soldiers...

AnotherDisgusted1 said...
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