The housing sector is in the dumps. GM? Do they even exist anymore? Factories are turning off the power and schools are closing their doors, and banks and companies are standing in line to be bailed out by the government. The looming recession our country has been facing couldn’t possibly cripple the beverage industry…could it? The effects have already been felt as Southern Wine & Spirits of America Inc. is asking for $2 billion to refinance existing debt. The largest wine and spirits distributor in the United States, Southern Wine is seeking the help of Bank of America to bail them out. Continue Reading »

Robert Benmosche is aspiring to be a wine revolutionary as he tries to build a reputation for Croatian wines with his new winery. This would typically pump me up, except that when Mr. Benmosche isn’t making wine, he’s tasked with running one of the most important and unstable mega corporations in America, AIG, which enjoyed a $182.5 BILLION loan from you, me and everyone else in America, which is roughly the same amount as the entire Gross Domestic Product of Chile.

According to NY Daily News:

Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc says he’s getting a lot of work done from his massive villa overlooking the Adriatic. Continue Reading »