The good news for the economy continues to come in. Recently GM started offering shares to the public again. Let’s hope the public responds better to GM offering stock than they did to GM offering automobiles. Then again, with stock you don’t have to worry about looks and mileage. Look at your average “stock” car....
But one of the most surprising economic surges was the Heinz Ketchup Company. They are oozing with pride. So you don’t want to kvetch about ketchup. Turns out they had incredible growth in the last quarter. Domestic production held it’s own, I guess because in tough times people were making old-fashioned depression culinary choices like white beans and ketchup.
But the real story was Heinz dominance of emerging markets. And by emerging I don’t mean they had to stick a knife in the bottle neck. Their success flowed naturally. Particularly in the Asian rim. And guess what? Malaysia was a big part of it.
Which has a certain irony. Because ketchup, or catsup, originated there. It was a concoction that was vinegar based, with relatively toned down spices, which British sailors picked up in the colonial era. They, having come from a place that was known for bland food the world over, brought it back to the British Isles to flavor their otherwise exceptionally boring boiled foods.
Ketchup and kidneys, yum.
There it was discovered to be the prefect condiment for fried potatoes—French-fried potatoes, although the British called them chips—and a new international, multi-ethnic, flavor sensation was born.
Americans then invented the quintessential burger and fries combination. And now they’ve exported it, McDonalds, fast food culture, and fast food condiments to the world.
Thank goodness Heinz is doing well.
Now if only the rest of our economy would catch up.
America, ya gotta love it.
Thursday, December 02, 2010
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