The U.S. candy business is booming.
While most industries constricted, U.S. confectioners and other makers of sugar-containing products (SCP) have added jobs since 2006, according to Bureau of Labor Statistics
Domestic SCP plants are announcing major expansions. Foreign SCP companies are opening plants in America. Share prices for top SCP companies have outpaced other stocks. And net profit margins in the sector were 60% higher than other food manufacturers between 2004 and 2012.Read More >
It has been said that, in life, only death and taxes are certain. Apparently, annual sales growth of Halloween candy could be added to that list.
“Halloween candy sales have a lot in common with Willy Wonka’s everlasting gobstoppers. Despite war, financial crises, stock market slumps, hurricanes and dental bills, they never seem to shrink,” The Wall Street Journal’s Market Watch website reported on Oct. 31.
According to the National Confectioners Association, Halloween candy sales will hit $2.4 billion this year, up 1% from 2012. This new sales record follows back-to-back-to-back record-setting years in 2010, 2011, and 2012.
“Even at the height of the 2008 financial crisis, when stocks plummeted and holiday shopping dropped 4.4%, candy sales eked out a 0.3% gain,” Market Watch noted.
But who is really profiting from this big-money holiday?Read More >
And in political circles, the “I’m just a bill” song has achieved iconic status. The video, which explains how legislation evolves from an idea to a law, is beloved for it’s simplicity. In it, Congressmen use typewriters to draft their own bills and the House and Senate agree on identical legislative language.
Seems like pure fantasy. Or does it?
Despite all of the bickering and political jockeying this session, both legislative bodies have actually agreed on the same language at least for one item: sugar policy.Read More >
WASHINGTON—The American Sugar Alliance issued the following statement about today’s bipartisan vote in the United States House of Representatives to reject a resolution by Rep. Joe Pitts (R-PA) to gut America’s sugar policy.Read More >
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