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Casual Dining: Frozen Dinners with Waitress Service

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Former FDA Commissioner David Kessler uses the terms “salient” and “hyperpalatable” in his book “The end of overeating” to describe how the processed food industry optimizes sugar, fat and salt to create highly addictive food. The New York Times’ “The Hard Sell on Salt” lets us into laboratories at Kellogg (K) to understand how three layers of salt are required to hold Cheez-It together: “Salt sprinkled on top gives the tongue a quick buzz. More salt in the cheese adds crunch. Still more in the dough blocks the tang that develops during fermentation.”

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Goldman Not Ready to Stop Trading Against its Clients

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The Financial Times’ “Goldman in PR bid to stave off crisis” reports that the firm is preparing for an advertising agency bake-off in an effort to improve its connectiveness with the American public. The firm whose CFO David Viniar emphatically professes in every earnings conference call is not retail bank, now feels it needs to develop a relationship. The public just does not understand Goldman Sachs’ (GS) economic role as a “catalyst for growth.”

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