American craft brewers are kicking butt as the world watches with rapt attention. But #1 craft-beer state California has a problem: no water, no beer.
Many in the industry believe that in China, 90% of the high-profile wines, like certain Bordeaux, are fake. Devastating thought if you keep wine in a refrigerated vault as an asset class. And prices have collapsed. But it’s not all doom and gloom, not with California wines.
By Don Quijones: With more back channels and revolving doors to governments around the world, Monsanto is used to getting its way. But now it faces an outright rebellion.
Everything is rigged. Stock markets, forex, interest rates, gold, silver, oil…. After battling that rigged world all day, you finally get to take that first big gulp of beer to heal the wounds, knowing that it’s the one thing that hasn’t been rigged against you. Or so you’d think.
Today it was Hotel Okura Co., which operates landmark hotels across Japan. It confessed its restaurants had misrepresented 235 menu items. That followed confessions by leading department store chains, other high-end hotel chains, traditional ryokan hotels…. New revelations bubble up daily. And consumer confidence is taking a hit.
The Oktoberfest, one of the biggest beer binge events in the world, is closely watched for economic trends. Alas, this year was the second year in a row when, despite Teutonic organizational ingenuity and marketing muscle, the number of visitors and, most crucially, beer consumption “unexpectedly” dropped (as if we didn’t have enough bad news already).
The “March Against Monsanto” in 52 countries, an unapproved strain of its genetically modified wheat growing on its own in Oregon, cancelled wheat export orders…. A rough week for Monsanto. Now it threw in the towel in Europe where its deep pockets and mastery of lobbying had failed: “It’s counterproductive to fight against windmills,” it explained.
Like so many debacles in the EU, it started with the unelected European Commission. It’s immune to voters, but not to lobbyists and corporations. Under the guise of “consumer protection” or some other harmless moniker, it generates zany laws that tend to benefit large corporations. But last week, it went too far, even for Europeans.
Contributed by Don Quijones: A daily ration of bread is now beyond the reach of roughly a billion people on planet Earth. What’s more, hunger is spreading like a pandemic, making incursions from its traditional strongholds in the global south to towns and cities across depression-hit Southern Europe. In Greece….
Amidst the things in the US economy that aren’t going in the right direction, the debacles, fiascos, and nightmares, is an industry of scrappy upstarts, tiny operations, and larger companies that use American ingenuity, marketing, and the right amount of hops to stand up to Wall-Street-engineered giants—and they’re winning the amazing American beer war.