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...wine and roses. Vintage Wine Trust, a private REIT formed in San Rafael, Calif., in January 2005, is already looking at alternatives to taking the company public. Chief financial officer Tamara Fischer says finding buyout targets and persuading wineries to sell through sale-leasebacks have been tougher than expected. "We thought we'd have $300 million invested in 18 months," she says. "But at 28 months, we only have $165 million...
...Orange trees are even tougher on their young. A typical orange tree carries about 100,000 pollinated blossoms, each of which is a potential orange, complete with the seeds that are potential trees. But in the course of a season, only about 500 oranges are actually produced. The tree determines which ones make the cut, shedding the blossoms that are not receiving enough light or that otherwise don't seem viable. It is, for a tree, a sort of selective termination on a vast scale. "You've got 99% of the babies being thrown out by the parent," says Mock...
...nuclear weapon. That assessment may put him at odds with Washington, but it is, in fact, consistent with the findings of the IAEA. The difference hinges over what defines a nuclear weapons program. Last week, French foreign minister Bernard Kouchner wrote to his European colleagues urging support for tougher sanctions. "Time is against us," Kouchner warned, "because each day Iran gets closer to mastering enrichment technology, in other words to having a de facto military nuclear capacity...
...used to create weapons-grade materiel. While the demand that Iran suspend enrichment until it has answered the IAEA's questions enjoys broad support, the demand that Iran be denied the right to enrichment because it is a regime not trusted by the West is a much tougher sell. And Russia isn't necessarily buying...
...year. Temperatures reached the 60s on Saturday and the skies were clear and sunny. Still, team members considered Shelter Harbor to be the most difficult course the team has played at to date, noting its considerable length and fast greens. “This course was a little tougher than the courses we’ve played in past tournaments,” sophomore Nick Moseley said. Moseley shot 16-over for the weekend and finished tied for 51st. The fifth and final golfer representing the Crimson was freshman Louis Amira, who shot a 13-over 155 and finished tied...