Many people woke up this week and found out they were out of a job after the mega seafood chain, Red Lobster, abruptly shut the doors to nearly 50 stores with little to no notice.
California has certainly had its share of financial woes, and now the city of Stockton, about 80 miles east of San Francisco, is set to become the largest American municipality to declare bankruptcy.
It has long been said that a Twinkie would survive a nuclear war. But Hostess, the company that makes the treats, is not so immortal.
In fact, Hostess is expected to file for bankruptcy this week, citing over $800 million in debt. While there is a good chance Hostess will be able to reorganize or be bought out by another company — ensuring Twinkies, Ding Dongs and Ho Hos will remain in stores — it