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...fairy godmother turned out to be Seaboard Corp., a giant of agribusiness with headquarters in Merriam, Kans., and controlled out of Chestnut Hill, Mass. Seaboard officials announced that they would restart the shuttered pork-processing plant that had once been the town's largest employer--if the city offered a little help. Albert Lea responded by giving Seaboard a $2.9 million low-interest loan and a special deal on its sewer bill and grading and paving parking lots for employees. And before long, the plant reopened, and several hundred workers were back...

Author: /time Magazine | Title: Corporate Welfare: The Empire Of The Pigs | 11/30/1998 | See Source »

...closeup view of Seaboard, let's begin with Albert Lea. For most of this century, Wilson Foods operated that pork plant and was the town's largest employer. Wilson fell on hard times in the early 1980s, cut workers' average annual pay from $22,200 to $16,600 and eventually sold the plant to Farmstead Foods. In turn, that company went belly-up a few years later, after it lost its biggest customer--Wilson. Then, in December 1990, just as workers were receiving the last of their unemployment checks, Seaboard appeared...

Author: /time Magazine | Title: Corporate Welfare: The Empire Of The Pigs | 11/30/1998 | See Source »

Today, Trengove Studios Inc. boasts a long shopping list of synthetic inedibles: grilled/raw salmon, toothpaste, crepes, plums, pineapple sundaes, pork spare ribs, red wax cheese wheels and hundreds more...

Author: By Carlin E. Wing, | Title: Don't Drink the Water...Or Eat the Sushi | 11/19/1998 | See Source »

...appetizing. Certainly better than a mediocre cut of butt, I suppose. However, the beef was disappointingly dry and fairly bland. Barbecuing usually gives meats a rich smoky flavor, but this was sadly not the case here. Still, the quality was not consistent across meat lines. The barbecued lamb and pork did have more flavor. And standout was the linguica sausage, which distinguished itself as the best of the skewers. The linguica had spicy zing to it and was truly tasty...

Author: By Nissara Horayangura, | Title: Stick This on Your Skewer And Eat It | 11/19/1998 | See Source »

...amount of aid received, was compelling: the old system didn't work. It was unfair, destroyed incentive, perpetuated dependence and distorted the economy. An 18-month TIME investigation has found that the same indictment, almost to the word, applies to corporate welfare. In some ways, it represents pork-barrel legislation of the worst order. The difference, of course, is that instead of rewarding the poor, it rewards the powerful...

Author: /time Magazine | Title: Corporate Welfare: Corporate Welfare | 11/9/1998 | See Source »

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