Word: vineyarder
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...long-term thinking and the staying power of SIA, it's worth thinking back to those wines that were chosen late last year, including a 1999 Chateau Pichon Longueville Comtesse de Lalande, a Bordeaux that retails for upwards of $130, and a 1998 Stag's Leap Wine Cellars Fay Vineyard Cabernet, an $85 Californian. Neither of them will be served on SIA's new U.S. flights this year. Instead, they will be cellared until 2005 or 2006, when they will have developed the right character for drinking. --With reporting by Douglas Wong/Singapore
...ripped-from-the-headlines novel (his 15th), The Race (Holt). Just in time for the 2008 election, Patterson delves into the rough and tumble world of Presidential campaigns. TIME's Andrea Sachs reached Patterson at his home in San Francisco (he splits his time between there and Martha's Vineyard), just before he began his writing...
...ripped-from-the-headlines novel (his 15th), The Race (Holt). Just in time for the 2008 election, Patterson delves into the rough and tumble world of Presidential campaigns. TIME's Andrea Sachs reached Patterson at his home in San Francisco (he splits his time between there and Martha's Vineyard), just before he began his writing...
Investors are drinking it in. Bill Sweat and his wife Donna Morris quit their day jobs at Fidelity Investments in Boston, and last year moved to Dundee, Ore., where they bought a 20-acre vineyard, now called Winderlea, in a Pinot Noir region. The couple had long been collectors and felt the time was right to jump in. "We come from a business where you make money every day, so we didn't get into this solely because of our passion," Sweat says. "We definitely got into it because we thought we could make some money...
Even Entertainment Properties Trust, a publicly traded REIT that owns movie theaters, recently ventured into the vineyard business, purchasing at least three vineyards, all focusing on upscale grapes. Chief executive David Brain believes demographics will drive that sector for the next 10 to 15 years, and he expects average annual returns of about 10%. The demand has pushed the price per acre in Napa Valley's premium vineyards to between $200,000 and $300,000, up from between $125,000 and $180,000 in 2002, according to Tony Correia, president of Correia-Xavier Inc., a property appraiser in Fresno, Calif...