The short answer: Not much right away, although failing to pay creditors is never a good thing for a nation's creditworthiness
Coca-Cola’s North America president, Sandy Douglas, oversees a relaunch of America’s No. 1 soft drink
Four years after the Citizens United decision, out-of-state cash is flowing down to state races
Phony phone-bill items from third-party scammers date back almost 20 years
Yves Béhar's Public Office Landscape turns the workstation into a social hub
A Bluetooth-enabled sneaker from an India-based startup doubles as a fitness tracker and personal tour guide
Critics say the agency charged with keeping regulations from burdening small companies actually serves big corporate interests
By Businessweek.com staff
"Salsa has now passed ketchup as America's favorite condiment. Isn't that amazing? You know it's bad when even our vegetables are starting to lose their jobs to Mexico." When Jay Leno spoke these words in his nightly monologue on the Tonight Show in October 2006, it probably made a lot of late-night viewers sit up in bed. Ketchup is as American as cola and baseball, but as the nation has become increasingly weight-conscious and Hispanic culture more mainstream, in hindsight it makes sense. What might come as an even bigger surprise, though, is that sales of mayonnaise—in both total sales and units sold—dwarfs both salsa and ketchup. According to SymphonyIRI Group, a market research firm in Chicago, more than 396,376,100 units of mayo were sold in the 52 weeks to Sept. 5, 2010, generating more than $1.258 billion in sales, compared with 271,312,400 units of salsa for $764,299,900, or 256,891,700 units of ketchup for $481,278,800. That’s a lot of tuna salad.
Click here to see the 25 best-selling condiments in the U.S.