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Twinkies Maker Hostess Going Out of Business, CEO Blames Union Strike — “It's over. This is it,” Gregory Rayburn tells “Today.” — Hostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said.
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Hostess Brands closing for good — NEW YORK (CNNMoney) — Hostess Brands — the maker of such iconic baked goods as Twinkies, Devil Dogs and Wonder Bread — announced Friday that it is asking a federal bankruptcy court for permission to close its operations, blaming a strike by bakers protesting a new contract imposed on them.

Hostess Brands to Wind Down Company After BCTGM Union Strike Cripples Operations — Hostess Brands Inc. today announced that it is winding down operations and has filed a motion with the U.S. Bankruptcy Court seeking permission to close its business and sell its assets, including its iconic brands and facilities.
Discussion:
Weekly Standard, Outside the Beltway, The Hinterland Gazette, The Greenroom, Washington Examiner and Mashable!


Twinkie Maker Hostess to Close — Hostess Brands Inc., the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and firing about 18,000 workers as it seeks to liquidate the 82-year-old business.
Discussion:
Weekly Standard, Deal Journal, Concurring Opinions, Roger Ailes and Law Blog


Hostess going out of business; nearly 18,000 to be laid off — IRVING, Texas - — Say goodbye to your Twinkies. — North Texas-based Hostess Brands, Inc. has decided to go out of business and liquidate its assets after failing to win back striking workers.
Discussion:
Hot Air, americanthinker.com, THE ASTUTE BLOGGERS and Questions and Observations

Hostess to Liquidate, Lay Off 18,500 After Crushing Union Fight
Discussion:
protein wisdom

No more Twinkies? Hostess plans to shut down
Discussion:
The Daily Caller

Petraeus testifies CIA's Libya talking points were changed, lawmaker says — Former CIA Director David Petraeus testified in a closed-door hearing Friday morning that his agency determined immediately after the Sept. 11 Libya attack that “Al Qaeda involvement” was suspected …
Discussion:
Roger L. Simon, Power Line, National Review and Jihad Watch
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In testimony, Petraeus says he always saw Benghazi as terrorism — Former CIA Director David Petraeus told lawmakers at a closed-door briefing Friday the agency believed the assault on the U.S. Consulate in Libya was a terrorist attack from the beginning. — Petraeus also indicated …
Discussion:
ABCNEWS and Alan Colmes'Alan Colmes'

Petraeus ‘Knew Almost Immediately’ Al Qaeda-Linked Group Responsible for Benghazi — David Petraeus is going to tell members of Congress that he “knew almost immediately after the September 11th attack, that the group Ansar al Sharia, the al Qaeda sympathizing group in Libya was responsible for the attacks,” CNN reports.


CNN: PETRAEUS TO TESTIFY HE KNEW LIBYA WAS TERRORISM ‘ALMOST IMMEDIATELY’
Discussion:
Fox News, The Gateway Pundit, Scared Monkeys, Nice Deb, Sense of Events, CNN, americanthinker.com and CBS News

The Audacity of 51% — Get ready for higher taxes and no spending reform.
Discussion:
NationalJournal.com, Betsy's Page, Mediaite and Power Line

Ex-CIA Chief Petraeus Testifies for 90 Minutes Before House Panel
Discussion:
The Raw Story, The PJ Tatler, Hot Air, CNN, Politico and Taylor Marsh

TO PROTECT OBAMA FROM LIBYA, MEDIA TURNS MCCAIN INTO CAPTAIN AHAB
Discussion:
The Daily Caller, CNN, Slate and Nice Deb


Israel's Airstrike Gamble — Hamas supporters in the West Bank city of Ramallah carry obituary posters of Hamas mastermind Ahmed Jabari as they march in support of the people of the Gaza Strip. On the third day of a military operation prompted by a rocket attack just south of Tel Aviv …
Discussion:
Washington Monthly, Haaretz and JTA
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Two rockets land outside Jerusalem following 2 fired at TA
Discussion:
Hot Air, Israel Matzav, “The Lid”, National Review, Weasel Zippers and The Jawa Report

Senate passes resolution condoning Israel's strikes on Hamas
Discussion:
Washington Free Beacon and Weasel Zippers

Jerusalem and Tel Aviv under rocket fire, Netanyahu warns Gaza
Discussion:
Weasel Zippers and Riehl World News

Democratic Solution To The Filibuster: Make Them Talk … REACT: — FOLLOW: — Elections 2012, Harry Reid , Congress, Democrats, Elections 2012, U.S. Senate, Video, Democrats Filibuster Reform, Politics News, Democratic Filibuster Reform, Democrats Fillibuster Reform, Filibuster, Filibuster Reform, Politics News
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Obama, Boehner launch second effort to reach grand bargain to cut deficit
Discussion:
ABCNEWS, The Caucus and Connecting.the.Dots


President Obama, GOP Leaders Hold Fiscal Summit at White House
Discussion:
Politico, New York Times and Taylor Marsh

Harkin: Leave Medicare, Medicaid out of fiscal-cliff talks
Discussion:
Crooks and Liars, Suburban Guerrilla and Hullabaloo


11 airlifted, two missing after Gulf platform explosion — OFF THE GULF COAST - The Coast Guard says that 11 people have been airlifted out and two are missing after an explosion at a platform in the Gulf of Mexico south of Grand Isle Friday morning. — Captain Ed Cubanski …
Discussion:
WAFB-TV, Gizmodo, CBS DC and The Raw Story

Life, Death and Deficits — America's political landscape is infested with many zombie ideas — beliefs about policy that have been repeatedly refuted with evidence and analysis but refuse to die. The most prominent zombie is the insistence that low taxes on rich people are the key to prosperity.
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msnbc.com
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Here on the Fiscal Slopes — I don't think this will be a regular feature, but here are a few things on everybody's favorite cliff/slope metaphor that caught my eye at the end of the day: — First of all, unions are so far following through on protecting social insurance against potential attacks from both parties:
Discussion:
The Huffington Post, Washington Monthly, Crooks and Liars and Wonkblog


Most Republican States Won't Build Exchanges and That Is a Good Thing — Map showing party affiliation by Governors, current — Now that we have approached what should have been the deadline for states to say whether or not they plan to build state exchanges to comply with the Affordable Care Act …
Discussion:
Politico

Times See No Evil CEO Mark Thompson's Veil of Ignorance Continues To Unravel — The NY Times stuck with embattled former BBC chief Mark Thompson based on his assurances that despite thirty-three years at the BBC including eight at the helm he had never heard a whisper about BBC star Jimmy Savile's pedophilia.
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Letter Raises Questions About When BBC Ex-Chief Learned of Abuse Cases
Discussion:
Media Decoder, Poynter, New York Magazine and Capital New York, more at Mediagazer »

Franklin Graham to Brody File on Obama's Re-Election: Christians Should Be ‘Upset at Themselves’ — Rev. Franklin Graham tells The Brody File that one of the lessons of President Obama's re-election is that more Christians in this country need to vote and he tells me that, “if Christians are upset, they need to be upset at themselves.”
Discussion:
Washington Monthly, First Read, The Raw Story and The Hinterland Gazette


Roger Ailes on Election Night: ‘Rove was wrong. He backed down. Our guys were right.’ — On election night, Fox News co-founder and chairman Roger Ailes watched election coverage in the News Corp. Sports Suite, down the hall from his second floor office.
Discussion:
Mediaite, New York Magazine and JIMROMENESKO.COM, more at Mediagazer »