Word: ynez
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...past 15 years, more and more wineries have learned that a distinctive label can be the decisive factor in selling a bottle. Artful packaging, most notably in California, has become almost as important in the industry as the vintner's art. Says Marshall Ream of the Santa Ynez Valley's Zaca Mesa Winery: "You've got to put on a better suit of clothes to be invited to the party...
Perhaps more remarkable than the quick sale was the fact that Barrack had effectively contributed $70,000 of his own money to the deal. The listed purchasers were Santa Ynez Contractor Irv Howard, who made a down payment of $70,000, and the Great American Federal Savings Bank in San Diego, which had, at Barrack's behest, arranged a $240,000 mortgage for Howard at a favorable 11% interest rate. (Great American had already lent $423,000 to Meese at the time.) But last week Barrack testified that he had actually lent $70,000 to Ted Elkin, a former...
...forecasts have drillers scrambling. Texaco is already operating the Glomar Atlantic, a drillship, in the area, and Phillips has dispatched a rig from Africa's Ivory Coast to help with the exploration. Last week Exxon requested federal permission for a $3 billion project to boost production at Santa Ynez, a separate oil deposit only 27 miles away, which the company believes contains an additional 400 million...
Virginia Pereira Santa Ynez, Calif...
...Secretary of State. His designated successor, George Shultz, was in San Francisco, packing for his move to Washington and awaiting his Senate confirmation hearings this week. President Reagan was on an extended Fourth of July holiday at his five-room adobe ranch house in California's Santa Ynez Mountains. With most of his top aides scattered, the President relied chiefly on his National Security Adviser, William Clark, who is unproved in global affairs but is loyally committed to proving that Reagan can put his own stamp on foreign policy. In a bold move with uncertain ramifications, Ronald Reagan...