Let's file this under something that didn't need to happen (kind of like a Bob Dylan Christmas album) -- if the story is real. Apparently, Kellogg (NYSE: K) is planning to battle the rampant counterfeit cornflake market by individually laser etching its name into each of your cornflakes. Seriously, the Guardian quotes Kellogg's as stating, "Now you'll be able to tell your Corn Flakes from you corn fakes!"

So, is it real? It seems like a good number of bloggers feel that this is a hoax, but there are others that are covering the story like it is true news. So are we dealing with a master hoax or reality? We will find out in the coming days, I am sure, but let's treat this like it is real. Could you imagine personalized Corn Flakes? Perhaps we could call them (insert your own name here) Flakes, with your last name etched into each corn flakey little morsel. The possibilities are endless: advertising, wedding proposals, birthday wishes. Of course someone would have to read the flakes before they get soggy.

Continue reading Laser-etched Corn Flakes of the future?

Laser-etched Corn Flakes of the future? originally appeared on BloggingStocks on Thu, 15 Oct 2009 12:30:00 EST. Please see our terms for use of feeds.

Our pal Zac Bissonnette wrote about a quote that is making the rounds on Wall Street. It claims to be a passage from Karl Marx that predicts our current economic predicament:

Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to communism. (Das Kapital, 1867)

As a number of people pointed out, the quote is a hoax. You can easily search through all of Marx's writings at marxists.org and you'll quickly find that there is no such passage. But the quote raises some interesting questions: Why is this faux quote making the rounds, and why do people find it so interesting?

One reason might be the increasing fear that people are feeling about the stock markets and even capitalism itself. We've been living in a strongly pro-capitalist environment for decades now -- at least since Reagan was elected, and certainly since the fall of the Soviet Union -- and there has been very little by way of a legitimate leftist resistance to the organization of just about everything on a capitalist basis.

Continue reading Wall Street's Marxist moment

Wall Street's Marxist moment originally appeared on BloggingStocks on Mon, 26 Jan 2009 13:22:00 EST. Please see our terms for use of feeds.