Spam Is On The Table And In The News.
One of the more profound effects of the US Government's mindless Cellulosic ethanol production subsidies is runaway food inflation. The joy of this policy is the , ah, down grading of the Family menu.
"There's no sign of a slowdown. Food inflation is running at an annualized rate of 6.1 percent as of April, according to the Bureau of Labor Statistics"
Spam is back!
"Spam's maker, ., reported last week that it saw strong sales of Spam in the second quarter, helping push up its profits 14 percent. According to sales information coming from Hormel, provided by The Nielsen Co., Spam sales were up 10.6 percent in the 12-week period ending May 3, compared to last year. In the last 24 weeks, sales were up nearly 9 percent."
It is hard to stomach such good news.
Spam was launched in 1937, but sales took off after WWII when GIs returned with a 'taste' for the product and no money.
150 million cans of Spam are sold annually. And while it was once thought they were all eaten in Hawaii, apparently the joy of the poverty driven pantry will be the joy of all America. Amen. And for you Jewish-Americans, the delicacy comes in turkey flavor. Bit of unfortunate news there, eh?
And soon, home delivery.
Finally, a tribute to Spam--in haiku form.
Above all others
porcine treat without equal
there is but one Spam
* Spam Sales rise as Consumers Trim Food Costs
* Wyman, I'm a Spam Fan