Food Diary (December 13, 2011)
Breakfast: Sourdough toast with boiled egg
Dinner: Lentil and vegetable stew
Baking/sweets: Lemon semolina cookies etc
Today's Favourite Photo
Source: Bite my Cake
Today’s Favourite Blog
An interesting article on how much food and beverage companies spend on lobbying. So far in 2011 a total of US$21 million has been spent, down from over US$40 million last year and about US$60 million the previous year.
Leading the score board with a total expenditure of US$4.8 million is Coca Cola, followed by Pepsi at US$2.6 million. Other names in the top 10 include Mars Inc (US$1.7 million), McDonalds (US$1.1 million) and YUM Brands (US$0.8 million). Starbucks just missed out of the top 10 list, coming in at number 11 with a measly US$0.5 million! Other less generous companies include Hershey (US$0.4 million), Nestle (US$0.2 million) and Wendys (US$0.04 million).
Coca Cola’s lobbying efforts focused on international corporate tax reform, water policies, military catering, SNAP and various free trade and foreign investment agreements. Pepsi focused on patent reform, childhood obesity, soda taxes, front-of-package nutritional labeling and advertising to children and teens. It is interesting to note that the lobbying efforts of these companies differ so much.
I guess the amounts spent on lobbying is minuscule compared with revenues. The article did not say where the money ended up. I suppose its best not to ask such kinds of questions because we may never find out the answers.
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