Bitter News for Fans of Mexican Coke, & 4 More Things You'll Want to Know

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MEXICO Todos Santos Advertising for Coca Cola in Spanish painted on side of red wooden building Toma lo Bueno slogan
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Here's a quick rundown from the world of business and economics this morning: the things you need to know, and some you'll just want to know.

• U.S. soda connoisseurs who prefer the taste of Coke (KO) made with cane sugar rather than high-fructose corn syrup have long been fans of Mexican Coke, which still uses the old-fashioned sweetener. But it looks like their soft drink of choice may soon become harder to find: Executives at Latin America's second-largest Coca-Cola bottler say they may switch away from the costlier cane sugar in response to a sales tax hike on soda that Mexico's congress passed last week.

• Among the things that attract top employees to tech startups is the dream that, someday, when the company goes public, their stock options will make them rich rich rich! (Congratulations, Twitter founders.) But the Silicon Valley version of playing the lottery isn't always a great gamble: A VC investor has run the numbers, and reveals what the odds are that your tech startup will end up worth $1 billion.

• Public investment in the U.S. has hit its lowest level since just after World War 2, thanks to congressional Republicans' success in derailing President Obama's push for more spending on infrastructure, science and education. Gross capital investment by the public sector -- the kind of government spending that gives an outsized boost to the overall economy -- has dropped to just 3.6 per cent of U.S. output, compared with a postwar average of 5 percent, according to figures compiled by the Financial Times.

• Over at BillMoyers.com, they've decided to look past the storm of rhetoric raining down around the Obamacare health care exchange launch and examine the math. First key number: Only 6 percent of American consumers are covered in the individual insurance market -- putting them at risk of having their policies cancelled or modified due to the Affordable Care Act. Second key number: Around half of that 6 percent will end up paying more for more coverage than they might want under their new plans. And the numbers get more interesting from there.

• And finally, regular readers of DailyFinance will know that we put a lot of focus on helping people get prepared for retirement. But having a nest egg big enough to last as long as you do is only half the challenge. The other half is figuring out what you want your "third act" to be. And in that vein, we must pass on to you this morning the story of Estella Pyfrom, a retired school guidance counselor who -- realizing how many poor children in her district lacked easy access to computers -- spent a serious fraction of her savings to buy a bus, fill it with computers, and take the tech to the kids. As CNN reports, "her mobile computer lab, Estella's Brilliant Bus, has provided free, computer-based tutoring for thousands of students since 2011."

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17 Comments

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christopher

coca-cola hasn't been the same since they stopped using real cocaine.

November 05 2013 at 12:15 AM Report abuse rate up rate down Reply
parthenon1

one correction it was not the Reublicans who caused the problems but Obama's refusal to act like a leader and negoitate. What he and the dems said they wouldnt do they have already taken some action to do and will be forced to do when Obama Care implodes. Too bad we have a arrogant snob as our presiden, if he would finally admit Obama care needs severe restructioning starting with removing the "gotchas" put in to antaganize the Reps. then set up a committee of both parties to straighten it out but Obama will never admit he made a mistake.

November 04 2013 at 9:56 PM Report abuse rate up rate down Reply
Sped Man

Who cares? I drink only RC. In these hard times, RC has kept it prices the same $.99. It even prints the price on its labels so retailers don't over charge you. Sweeeeeeeeeeeeeeeet!

November 04 2013 at 9:50 PM Report abuse rate up rate down Reply
elendil3136

Not good. Mexican Coca-Cola is far superior to the crap made in this country with corn syrup.

November 04 2013 at 9:02 PM Report abuse rate up rate down Reply
betty_brock

Obama lied again. Sorry this is off subject but there is nowhere else to post this truth.

November 04 2013 at 8:34 PM Report abuse rate up rate down Reply
rkeeeballs

GOP...No jobs...No infrastructure...No nothing...Hurry November !...Time to vote baby !

November 04 2013 at 7:00 PM Report abuse -1 rate up rate down Reply
1 reply to rkeeeballs's comment
betty_brock

Dems, no money, no jobs, no common sense.

November 04 2013 at 8:34 PM Report abuse rate up rate down Reply
WELCOME STEVE

It is amazing what the Mexican government is doing to tax certain corporations out of existence - like Coke and gold mining. That is what corruption will get you.

November 04 2013 at 5:45 PM Report abuse rate up rate down Reply
Mark

Hey Coke remember New Coke? You know the saying if it aint broke....don't fix it!!! I like Coke but will drink Throwback Pepsi if the stupidity and lack of listening continues.

November 04 2013 at 5:12 PM Report abuse rate up rate down Reply
intlhhgman

Sucks. You can taste the difference.

November 04 2013 at 4:35 PM Report abuse +1 rate up rate down Reply
mrbills78

I don't understand the large company mentality here... "Cane juice or cane sugar is expensive so we want to use HFCS instead!" What happened to giving consumers what they want? Coca-Cola is never going to take a loss, they are going to raise their prices (like all companies do) and pass the cost of doing business to the consumer. If the US wants cane juice or cane sugar, then give them sugar damn it! Don't offend us by pretending you are doing us a favor keeping your price down by using HFCS. Throwback Pepsi products work for me, and I couldn't help but notice Pepsi does not charge extra for the Throwback, or exclude it from sales, so how can I trust that Coca-Cola is doing anything but putting extra profit on the bottom line using HFCS and charging prices like they use sugar?

November 04 2013 at 4:30 PM Report abuse rate up rate down Reply