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Category Archives: Pepsi

A Natural Experiment For Philadelphia’s Soda Tax

Via Political Calculations blog, The city of Philadelphia's controversial soda tax is providing a lot of material for serious scientists to evaluate the effects of arbitrarily imposing a tax on the distribution of a range of naturally and artificially-sweetened beverages. Since we're near the end of the tax's first year of being in effect, we […]

ESPN’s Jamele Hill Urges Fans To Boycott Anti-Kneeling NFL Advertisers

Having been reprimanded by her boss (and President Trump) for her previous divisive remarks, ESPN's Jamele Hill called on football fans to boycott advertisers who are aligned with teams pushing back against 'kneeling'. As a reminder, after her last outburst, here is what ESPN president John Skipper said in a memo to staffers: "ESPN is […]

A Look At How Nestle Makes Billions Selling You Groundwater In A Bottle

A few weeks ago we shared with readers a lawsuit filed in Connecticut against Nestle Waters North America, Inc. alleging that the water they marketed as Poland ‘Natural Spring Water’ was actually just bottled groundwater…the same water that runs through the taps of many American households.  Now a new investigation from Bloomberg Businessweek reveals how […]

Seattle Mayor Wants To Tax Diet Soda To Fight “White Privileged Institutionalized Racism”

Back in February, Seattle’s Mayor Ed Murray called for a 2 cent per ounce tax on sugary soft drinks in order to “improve Seattle’s educational opportunities for students of color.”  Per Lynx Media, the tax was expected to raise some $16 million per year. Of course, when someone on his staff pointed out that a […]

Philly Beverage Tax Blowback: Coca Cola Sales Plunge 32%

Just a month after PepsiCo said it would lay off 80-100 people due to the 'unintended consequences' of Philadelphia's new soda-tax, Philly Coke, the local Coca-Cola bottler, has cut 40 jobs amid a 32% plunge in sales. Since all of this is taking place as previewed in a recent post: "The 'Soda Police' Just Learned […]

John McCain – The Rise And Fall Of An American ‘Hero’

Authored by 'Vaniam' via The Burning Platform blog, This is an Arizona patriot's unique view on John Sydney McCain As of late, we the people of Arizona are very shocked to see what he has become. He is a caricature of a man who, around here, is about as popular as the ping-pong president. How […]

Pepsi Lays Off 20% Of Its Philadelphia Workers, Blames Soda Tax

zerohedge.com / by Tyler Durden / Mar 6, 2017 2:09 PM Two weeks ago, we pointed out that when Philadelphia became the first US city to pass a soda tax last summer, city officials were eagerly looking forward to the surplus-tax funded windfall to plug gaping budget deficits (and, since this is Philadelphia, the occasional embezzlement scheme). Then, […]

Pepsi Lays Off 20% Of Its Philadelphia Workers, Blames Soda Tax

Two weeks ago, we pointed out that when Philadelphia became the first US city to pass a soda tax last summer, city officials were eagerly looking forward to the surplus-tax funded windfall to plug gaping budget deficits (and, since this is Philadelphia, the occasional embezzlement scheme). Then, one month ago, after the tax went into […]

Frontrunning: June 9

European Bond Yields Hit Record Lows as Stocks Tumble (WSJ) Oil prices soften on profit taking after hitting 2016 highs (Reuters) Wooing Sanders supporters will be tough task for Clinton (Reuters) Clinton ally Warren weighs potential VP role, sees hurdles (Reuters) Rise of the Machines Fueled by Higher Asia Manufacturing Wages (WSJ) Iraqi PM Abadi […]

CEOs Are Hopeful But “Looking For A Macro Curveball”

It's not just Halliburton ("What we are experiencing today is far beyond headwinds; it is unsustainable") and Intel (12,000 layoffs amid re-evaluation of programs) that are facing up to a new normal very different from expectations. As Avondale Asset Management notes, having poured over 100s of earnings transcripts, while most CEOs don’t see signs of […]