Best of the Blogs, Consumer: What Is Meat Glue and Have You Eaten It?
By Kathleen Culliton May 09, 2012 3:15 pm
Plus, Mastercard announces a digital wallet.
This column highlights the most interesting and useful business and financial commentary for consumers from around the Web every Wednesday.
Miami New Times: Short Order
"Most of you remember 'pink slime' don't you? That nasty little recipe that was being used by many fast food restaurants and passed off as straight up beef to us ignorant folk? Well, there's another very popular and equally anonymous food product ingredient, 'meat glue.' that you should know about." (Also read Low Demand Causes Three Pink Slime Plants to Close.)
"The HTC Droid Incredible 4G LTE is one of the higher-profile phones launched at CTIA. But I was underwhelmed by this new Verizon (VZ) offering during a brief hands-on opportunity here at CTIA. On the positive side, I do appreciate that this phone has the ability to run on Verizon's ultra-fast data network, and the 1.2GHz dual-core Qualcomm Snapdragon processor seemed to help the phone to be fairly responsive. But to my eyes, the 4-inch super LCD qHD display seemed a little less bright and sharp than some other screens I've seen recently." (For related content, see Qualcomm: The King of 4G.)
CNN: Term Sheet
"US consumers had long been known for their love of credit until the financial crisis changed everything. Credit cards and loans were suddenly out of favor as credit markets tightened and millions saddled with debt lost their homes to foreclosure. Now the latest data have some suggesting that those days are fading. In March, US consumer credit expanded by 10.2% to $2.54 trillion – the fastest pace since late 2001, according to Federal Reserve data released Monday."
"Lately it seems like every fast food chain and snack company is stamping some product with the word 'artisan' -- the favorite branding buzzword of the food industry at the moment. From Wendy's (WEN) to Tostito's (PEP) to Domino's (DPZ), all the big food companies are hopping on the 'artisanal' bandwagon. But of course, throwing this term around, which by definition seems to be the very antithesis of what mass-produced food is all about, has not been without backlash. Dunkin' Donuts (DNKN), who just launched a new line of 'Artisan Bagels' has incited a legal complaint by a Queens baker for 'abusing the word artisan.' (The Daily Show's Lewis Black ranted about this very matter as well.)"
USA Today: Technology Live
"Mastercard (MA) said Monday it'll launch a digital wallet later this year, a mobile payment system designed to speed consumer purchases online or via mobile apps.MasterCard currently operates PayPass services at stores, a contactless payment system used by customers with their key fobs. But the new digital effort -- called PayPass Wallet Services -- is an attempt to expand it to online stores and mobile phone users. It'll be available to merchants and consumers in the third quarter, initially in the US, Canada, UK and Australia." (Also read Visa, Mastercard Launches Daily Deals.)
No positions in stocks mentioned.
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