Word: belgians
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...yeast, G. Robert Tod, Jr., founder of Allagash Brewing Co., said at the Cambridge Queen’s Head Pub yesterday as part of its ongoing “Beer School” series. “If you’re not using Belgian yeast strains, you’re not making Belgian-style beers,” said Tod, whose Maine-based microbrewery has made a name crafting superior beers in that exacting European style...
...reigning geek of our time, John Hodgman, who plays PC in the Apple ads and wrote a new book called More Information Than You Require. Hodgman thinks that while the Urkel effect hurt Al Gore and John Kerry, America's lack of desire to drink even a malty Belgian beer with Obama will actually help him. "After eight years of jocklike bluster, Obama's technician's calm seems extra-attractive," says Hodgman, who believes that jocks vs. geeks has replaced red vs. blue as the reigning cultural conflict of the day. But jockdom, he says, is on the wane...
...previous multibillion-dollar investments in companies like Blackstone and Morgan Stanley that have plunged in value. On Oct. 6, Ping An, one of China's largest insurance companies, announced it was forced to take a $2.3 billion write-off on an investment it made in the ailing Dutch-Belgian financial giant Fortis...
...some analysts believe is understated. Its sovereign wealth funds have lost tens of millions of dollars on poorly timed investments in Blackstone, a private-equity group, and Morgan Stanley. And Ping An Insurance, China's second largest insurer, lost 70% on its $2.7 billion investment in Fortis, the Dutch-Belgian financial-services company that collapsed last week...
...Elsewhere, French bank BNP-Paribas said it was taking control of the Belgian and Luxembourg assets of finance and insurance group Fortis, less than a week after it was partially nationalized as part of a $16.4 billion rescue plan. The Dutch government had moved on Friday to nationalize fully the group's Dutch assets, including the bank ABN-Amro. As a consequence of its estimated $21 billion move for Fortis, BNP will be the largest commercial bank in Belgium - and the Belgian government becomes BNP's biggest shareholder...