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New Foreclosure Nightmare: California Vineyards

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Stucco housing tracts, evil investment banks, ugly big-box retail strips, dumb show-off high-rises, land-raping golf resorts, Hummers -- the nation's financial collapse has taken down so many awful trophies of American Culture, we should probably send it a Thank You note, maybe with a Linens 'n Things gift card. But who can afford a card, or postage, when we're all either out of work or making a lot less money or barely hanging on to some diseased sham of a career that probably never should've been a career anyway? What is next for this nation's Shame Parade? Foreclosures of Napa vineyards and wineries, that's what.


The Bloomberg Terminal reports:

In California’s Napa Valley, producer of the most expensive U.S. wines, 2010 may be a vintage year for foreclosures as the industry is squeezed by falling land values and a consumer shift to cheaper brands ....

More than 30 wineries are for sale in California, Oregon and Washington, the most ever, according to Rob McMillan, executive vice president and founder of the wine division of Silicon Valley Bank, a unit of SVB Financial Group in Santa Clara, California. The properties have too much debt, were new arrivals to the wine market or have owners who are looking to retire as competition rises and profit margins fall, he said.

Some Napa land deals that were never publicly disclosed or confidentially recorded at the county assessor will unravel this year and in 2011.

The best selling wine in America is the "Franzia Box," made by a Central California industrial winery. But for a few weird years, people with more money than they ever deserved were dropping $500 or $750 a bottle for "cult wines" because, well, they are stupid, tacky people. Also, they could afford it. But no longer.

The definition of "decent bottle of wine" has dropped for all of us, with a 15% decline in sales of over-$30 wines and a 10% decline in bottles over $15.

And that is your wine-foreclosure report for this day in 2010. Soon you'll be making "prison beer" with orange peel in milk cartons, in jail. [Bloomberg]

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HOLY ACHTUNG TWITTER IS FREAKING OUT! Special Counsel Robert Mueller's office (SCO) has issued a statement, almost 24 full hours after Buzzfeed's story on Donald Trump ordering Michael Cohen to lie to Congress about the failed Trump Tower Moscow deal started blowing everybody's minds. Mueller's spokesman says actually BuzzFeed got it a bit wrong. This is significant because 1) Mueller's office NEVER talks, and B) well, they're not actually saying BuzzFeed got it WRONG wrong. Just, you know, kinda wrong.

Wow, that statement is lawyered as fuck. BuzzFeed described "specific statements" wrong, and its "characterization of documents and testimony" was just an eensy bit off, and maybe if BuzzFeed moved this sofa over here it would take advantage of more natural light in the room, and honestly, BuzzFeed should trim up this one paragraph of its article, because those sentences DO NOT SPARK MARIE KONDO'S JOY.

Otherwise, it's great!

First of all, we want everybody to relax. Donald Trump is still a criminal.

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It's been a joy watching the reactions come in from TrumpWorld about the news that Donald Trump has committed YET ANOTHER CRIME, in this case suborning perjury by instructing his former lawyer thug fixer Michael Cohen to lie to Congress. How many other people did he do that with? WE DUNNO! But that's not what this post is about.

First of all, let's see what the big guy himself did. As with all presidential statements from the un-president, it happened on Twitter:

Oh wait, that's (grapes) not it. Here it is:

That's right, the president of the United States reacted to a bombshell news report exposing that he had tampered with a witness by suborning perjury by ... tampering with that witness some more in public, by threatening his father-in-law! (To be fair, Trump has been trying to intimidate the witness by encouraging the feds to investigate Cohen's father-in-law for a hot minute now. It's one of his things, like tweeting and pooping at the same time and comparing WALL to WHEEL.)

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