Word: teas
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...affected by things like summer vacations among hedge fund managers, or by late-December window-dressing by mutual-fund managers who want to have the hot performers in their portfolio at year's end. Brian Belski, chief investment strategist at Oppenheimer, tells TIME's John Curran why these seasonal tea leaves are now bullish...
...quarter of their lives," he says. "You're a soccer fan, you go shopping, watch TV and you're a Muslim." The England Kureishi chronicles - indeed, helped create - is a country where Islam, curries and brown skin have become as British as Earl Grey tea and rain...
...everyone welcomes the rules. It is unclear if other Chinese provinces will adhere to the regulations and grow different teas under new names. The new standards, for example, shut out tea producers in neighboring Guangdong province, who claim that the tea they process is as authentic - perhaps even more so - than Yunnan's. Guangdong tea makers contend that it was Pearl River traders, not Yunnan farmers, that originally perfected Puer. Zheng Mukun, a tea master from Guangdong, says the province's claim dates to the Qing dynasty, when tightly packed leaves were fermented over the course of the three-month...
...Experts also have doubts that Chinese regulators can get enough control over the Puer market to build a premier brand. Beijing's standards only apply to domestic producers; competitors in Vietnam, Sri Lanka and Burma can continue to grow and sell their own "Puer" tea. Hoffman, the collector, predicts that fakes will persist and urges caution. "This has always been a buyer-beware market, and it will always be thus," he says.(Read "Will China's New Food-Safety Laws Work...
...Still, Hoffman is confident the industry can thrive - and he's put money on it. This fall, he plans to open a luxury tea shop in California that will be a gathering place for American aficionados and a showcase for his fine, aged Puers. "There is a lot of hype and marketing, but that doesn't interest me," he says. "I am only interested in taste." People have offered to buy his collection, but he's dismissed them in turn. He wouldn't trade it now, he says, not for all the tea in China...