Friday, May 31, 2024
FRIDAY MUSIC: More music from Galicia, by JD
Saturday, May 25, 2024
WEEKENDER: The Strange World of Wine Buying, by Wiggia
It’s that time of the year again, en primeur is upon us in the strange world of wine.
Recent facts about over-production, changes in drinking habits and a wider world supply base of wine have finally come together and brought to a shuddering halt the ever rising price for top of the range wines, as in some countries vineyards are being grubbed up sold off and vignerons getting out of the business altogether. This has been in the offing for some years. A change in the drinking habits particularly of the young has meant that certain areas started to grub up vineyards some time ago; the sherry region in Spain started the process a while back when the bulk sherry market collapsed, it resulted in the bigger outfits changing over to producing still wine.
How long that will be sustainable is anyone's guess with an already overloaded market. The grubbing up of vineyards has affected many countries not just France, Australia and the USA: South America and others are also going this route with governments paying owners to leave the land fallow or plant other crops.
https://www.forbes.com/sites/karlsson/2024/04/25/troubled-times-for-wine-in-2023-global-production-and-consumption-shrinking/?sh=4cff81a72d25
This is no different to other agricultural products that are affected by changing markets, weather and the pound in your pocket, but somehow wine is viewed differently by the cognoscenti, though even they are now being influenced, at the moment in a good way, by falling prices in the strange world of ‘en primeur’.
Wiki gives as good a definition of en primeur as anyone:
“En primeur or "wine futures", is a method of purchasing wines early while the wine is still in the barrel. This offers the customer the opportunity to invest before the wine is bottled. Payment is made at an early stage, a year or 18 months prior to the official release of a vintage. “The above is of course a complete scam. Who pays in advance for a product that is not even in bottle let alone ready to drink? The trade of course: growers, negotiants and sellers make much of the system as a way of getting , if you are lucky, hard to acquire wines, and those desirable small output ‘luxury’ wines for drinking when mature. Burgundy tops the list and ticks all the boxes in that respect.
Well yes, those small output sites that fit the description have for years been able to name their price and en primeur has become the only way of getting your hands on a few bottles of the supposed elixir. I have to confess, in the past I also fell for this scam and did so with the knowledge that hopefully the increase in prices over time would benefit my bank balance as well as having some luvly stuff (with luck) to sup in my dotage.
Didn’t quite work out like that. Despite having some excellent vintages and the best Chateau wines that I could afford they didn’t really fulfill the investment side. There is an index published monthly of wine movements, yes really, like the Footsie, so you can track the increases or decline in value of your stock in bond.
Cases in bond do not have the charge of taxes against them. You only pay that on taking the wine out of bond; but although they are kept in optimum conditions you do have to pay for the storage and over time that also adds to the cost per bottle or case.
The origins of en primeur can be read here…….
https://www.winespectator.com/articles/the-origins-of-en-primeur-14777
If you read the above you will understand the origins and why it was installed. Sadly all that went by the way side after the ‘82 vintage which despite every year being the 'vintage of the decade', ‘82 was probably the vintage of the century, usual disclaimers.
Many purchased the wines in large quantities and several notable wine lovers or greedy bastards depending on how you view them, made a killing some years later - I’m looking at you Andrew Lloyd Webber as a prime example - selling off their excess purchases for several millions of profit at auction.
The Châteaux having seen their wines selling at much inflated prices upped their own initial prices under the old adage of ‘we will have some of that’ and for a couple of decades that is what happened at every annual announcement of the new vintage. Even poor vintages gained which is puzzling to anyone outside of the world of wine.
During this period the Châteaux in their eagerness to maximise profits even came up with a further wheeze by releasing the new wine in tranches; depending how the first tranche sold they would adjust the price of the second and even third tranche upwards - trebles all round!
So I decided to keep a few choice bottles at home and sell the rest. What with losses and gains I just about ended even, but there is another side to the whole process few ever mention.
Experts (!) will tell you that and admit maturity in wine is informed guesswork. When the wine is bottled by the producer it is for him the finished article, but these experts will try and define what is a likely date for the wine to be at optimum drinking, its 'drinking window.'
Some will mature faster and some take a lot longer, in some cases almost a lifetime. It becomes a lottery. The same experts do tastings at intervals during the wine's life to see how it is progressing, many wine lovers do the same and each failure to open a ‘ready to drink bottle’ means what is left in your case has had the price jacked up. This procedure can often take several bottles which makes en primeur even more expensive and to be frank a pointless exercise, other than proving you have more money than sense.
It is not unusual to read of a wine that has an age of twenty years being still not ready and needing five to ten more, though of course they still do not know, it is still an educated guess.
There was a time when experts were thin on the ground, but not these days. I well remember the first Masters of Wine:it was a real accolade for people to attain, many at the time I could name and all of them could fit into a phone box. Now there are, at last count, 416 worldwide, along with assistants and ever larger numbers of wine critics and experts such as sommeliers, writers and just plain wine lovers; the field is saturated with opinion, what to believe?
The same experts base their findings on cask samples, wine that has not been bottled and often not in the final blend on a points system invented by the American critic Robert Parker. This assumes a perfect wine to be worth 100 points out of a 100, but for a start the scoring begins at 50 and why has never been explained to my satisfaction.
Plus of course all the wine samples tasted come from known sources, they are tested in the cellars of the producer, and reputation is everything in the rarefied world of cru classe wines, so inevitably marks will be based on reputation as well as what is in the glass.
You can add to that no taster could explain from a sample if it was tasted blind what the difference was between a 97 and 98 point wine, it really isn’t feasible but has become part of wine folklore.
I had a personal example of a wine that was given to me by a happy client many years ago. On completion of the job he asked me about my wine collection - he knew nothing. When I presented him with a not insubstantial bill he said he had a gift for me as he was pleased with the outcome.
To my amazement he presented me with a case of Chateau Lafite. Bloody hell I thought, even in the eighties this was not cheap.
There was sadly a catch: he had gone to a very well known established wine merchant's in the city and told them what he wanted to buy, not knowing anything. They managed to sell him a case of one of the worst vintages by Lafite probably since the war:1972, one of several during that period that were below par, described by one of the few people I ever took notice of in wine,(the late Michael Broadbent, the taster for Christies auctions who had probably tasted more top class Bordeaux than anyone alive at the time) as ‘drinkable.’
You can gather by all this that I am more than cynical when an expert tells me this is another vintage of the decade, but people are taken in by this annual blurb and lay out not inconsiderable sums to get on the fine wine ladder, but not for a large part of the production it seems. Good.
Friday, May 24, 2024
FRIDAY MUSIC: Tejedor, by JD
Monday, May 20, 2024
START THE WEEK: More Pointless and Unaccountable Local and not so Local Authorities, by Wiggia
Commissioners, intervention and improvement
In September 2023 the
council issued 2 Section 114 notices as part of the plans to meet the council’s
financial liabilities relating to equal pay claims and an in-year financial gap
within its budget.
Michael Gove, Secretary
of State for the Department of Levelling Up, Housing and Communities appointed
commissioners to exercise certain functions of the council as required and
begin the improvement journey for Birmingham City Council.
We need to find over
£250 million worth of savings over the next 12 months and there will be
considerable changes as a result for residents.
Challenging decisions
lie ahead, we need to get our finances back on track to a healthy position and
implement a programme of improvement – a reset must start now, beginning with
the 2024/25 budget.
An improvement journey
has begun on the path to become a financially sustainable and well-run council.
Ah, an ‘improvement journey’ a new phrase from the inadequates who cannot run a bath never-mind a local authority; still, a change from
‘lessons will be learned.’
Meanwhile a new twist to our local (Norwich, UK) Northern Distributor Road saga. It has taken ten years to get this far; in China the whole road would have been completed in a month, yet still the bats seem to be winning over people, the new estates north of the road are getting outline planning and thousands of people will event.ually if this road is not completed. be using two small village routes to connect to the A47 It is madness and as usual the costs have skyrocketed. Also it gives time for the Greens and the eco zealots to find other ways of delaying the project and ruining inhabitants' lives while favouring a few bats that will move as they did when we lived in Suffolk under another scheme that they tried to stop using the bat plan. It is already a watered down project but will still give respite to the rat runs of which there are only three.
Planners and highways need to co operate on these projects rather than pretend they do. The time lag before any action is taken is measured in decades in this country and all parties blame each other. It was always thus.
https://www.edp24.co.uk/news/24292060.norwich-western-link-report-critical-council-bat-surveys/
We have a new Police & Crime Commissioner - you know. the position that pays a £100k + a year for someone who we don’t want, don’t need. don’t know but is foisted on us. This time along with national politics the vote swung to Labour and a woman named Susan Taylor won. Her CV was so short it needed a magnifying glass to find. Evidently she was a local councillor, not in the area which allows her to stand.
‘Anyone who is a member of staff of a local council that
falls wholly or partly within the police area in which the election is to be
held - including anyone employed in an organisation that is under the control
of a local council in the police area for which the election is to be held. ‘
So not local then, and apart from being a member of a road safety group, no real job and nothing that could be vaguely aligned with police or crime.With an office costing £1 million a year it will be yet another burden for the tax payer with no justification for its existence.
The turnout was 21% and she got under half of that, so less
than 10% of the electorate voted for this pointless position.It is the same
nationwide; why do they persist in keeping it going, why?
Up north something that many said would happen, not
politicians of course, has happened: a Trojan horse Islamist disguised, badly,
as a Green candidate won a council seat.If this had been a product presented
as a Green candidate they would be charged with misrepresentation; and are the
Greens that desperate to get onto councils.Maybe they are as this shows……..
Still they have plenty of backup: the fragrant Melissa Poulton, described by a Conservative MP as a bloke in a wig, I couldn’t possibly comment, but the Greens do seem to attract a larger share of the ‘unusual’ than the other parties… the leader of the Greens Caroline ‘several homes’Lucas is the MP for Brighton, yet the bins are not emptied and travellers set up camp on seafront green spaces with full permission.
Our local Green candidate reminds me of a certain Alfred E
Neumann of MAD magazine fame…
I often along with many others wonder why we put up with the pathetic overpaid and under qualified public servants - in France for instance a liberal spraying of public offices with merde does not go amiss. This story of jobsworths from Cambridge County Council is self explanatory: an annual flower display giving a lot of pleasure to the inhabitants of Chatteris, not the most glamorous towns, has had this year's flower display reduced by the council on health and safety grounds. The last paragraph from the council spokesman is one of the most condescending utterances put out in the public sphere. The spokesman should instead of the now defunct award winning hanging baskets be replaced by the same spokesperson hung by his own proverbials.
A Cambridgeshire County Council spokesperson said: "It's great seeing the creative ways that communities across the county make use of streetlights with festive displays.
"As streetlights are directly connected to the local power grid, to ensure everyone's safety any group wishing to display items from a streetlight needs to get in touch with the council so we can make sure essential independent safety training is completed for everyone's wellbeing.
"We look forward to hearing from Chatteris in Bloom."
https://www.bbc.co.uk/news/articles/ck5k38lje2yo
Another local council affair has been branded as ‘vexatious’ by the council involved. I have no knowledge of the niceties but much is self evident and an auditor upheld 27 0f the complainant's 32 complaints. As so often with local councillors, not unlike more senior politicians, when the going gets tough they look for reasons to silence or ignore the complainant. This you can read here…
and make your own mind up if he has a point or is just a
meddler with time on his hands.
Having crossed swords with a local councillor a few years ago over a speed camera issue on our then rat run village street, I can appreciate the frustration when one sees nothing being done, in my/our case after the money had been provided and the action approved, and ridiculous replies follow unanswered questions.
I was accused of pestering the said councillor over the
matter despite only sending two. yes two emails over an eighteen month period. When I suggested that if he considered being pestered at that level as being too
much for him he might be better employed elsewhere an answer was
not forthcoming.
After I moved, the speed cameras were installed ten years later , but on a long village street they installed them over a short stretch each side of a pinch point, and they have no legal right to even fine anyone however fast they are driving, so the whole episode was a total waste of £60k that could have been used more productively elsewhere.
When it was pointed out the error of the placement they
replied (not to me) that the village had after a long period of demanding
something was done ’got what they wanted’ and the matter was closed.
You really couldn’t make it up, why do we have these
incompetents in any form allowed to make decisions on anything?
George Carlin was right when he said they can’t blame me for
voting for a wrong un, as I don’t vote. I have joined that ever growing club.
PS the councillor I had a spat with has retired and his place has been taken by a woman who has never had a proper job and now her husband is now a councillor despite the fact he has never worked and has ‘health problems.’ What could possibly go wrong!
It is good to know that at the top things are different, our elected members are on top of issues that affect us all and can be relied on to put in their views on these matters on our behalf, or not as the case might be…
From X:
Sunday, May 19, 2024
Direct Democracy? No: AV
But is ‘direct democracy’ the answer?
It was practised in ancient Athens, where all the voters (free men) could be accommodated in the assembly and hear the arguments. They were a small, homogeneous electorate and faced the consequences of their decisions, collectively and personally; especially as to warfare, which is why they had physicians to keep them healthy and trainers to keep them fit and skilled in fighting. As slave-owners they were experienced in organisation and command, and had ample leisure to discuss political and philosophical ideas. What was their average IQ, one wonders?
All this does not map well onto our present circumstances.
There was a weakness even in Athenian democracy. Then, as later in Rome, one of the most valued skills was oratory. While Socrates was executed for using logic to reveal socially subversive truth, Gorgias the public persuader lived to 108, becoming so wealthy that he had a solid gold statue made in his honour. However the greatest orator Demosthenes convinced Athens to resist Philip and Alexander, thereby nearly getting his city razed, like Thebes; he ended as a fugitive, killing himself to escape Macedonian revenge.
Today, the game is still a persuasion process. British voters are balloted on the basis of opinions offered them by the mass media, who also curate the facts. Journalists who investigate too conscientiously risk incarceration in a maximum security jail.
It is also a mistake to think that because our representatives are jointly against us on certain issues, their opposition among the people is united. Allowing the populace to determine multifarious policies would be a recipe for Bedlam, especially in matters where the feeling in some factions runs very strongly, as for example re ‘Palestine.’
However, there are times when the people should have a determining voice. Brexit was one, and just see the response of our governors and administrators! Had Lord Cameron foreseen the outcome he would surely not have offered the choice; as it is, the Establishment has worked assiduously to vitiate the instruction we so impertinently gave them.
Another occasion is when initiating national military conflict. My MP refused to agree with me that the 12 January UK/Ukraine ‘Security Agreement’ was tantamount to a declaration of war on Russia. Maybe subsequent developments could alter her opinion, for Cameron again, now Foreign Secretary, told Ukraine (3 May) that they should feel free to launch the missiles our country has given them into Russian territory, which they have not been slow to do, so making ourselves a target for retaliation. Traditionally war is a royal prerogative, but in an age when defeat may entail not merely a change of ruler but the incineration of the subjects I would argue that we have a right to be consulted.
Curiously, citizens seems less interested in democracy when it is closer to them: the turnout in local elections is lower than that nationally. Sadiq Khan has been re-elected to the mayoralty of London despite presiding over soaring violent crime while proving himself an enthusiast for Net Zero and turning Londoners into each other’s censors. His validation is based on a minority of votes cast, themselves constituting a minority (40 %) of the electorate. Perhaps voting should be compulsory, as in Australia.
Yet does everyone have the capacity to participate meaningfully? According to Professor Peterson, ten per cent of the population have an IQ lower than 83, a level that US military research concluded made them useless for training. That’s not to say that intelligence precludes idiocy, if some of our students and the banner-waving element of their middle-class elders are anything to go by.
There is also the question whether people can be counted on to vote for what benefits the country as a whole, rather than themselves. Much thought goes into constructing policies designed to gain the support of those who are more likely to vote and be influenced by considerations of personal gain or the reduction of factors that frighten or irritate them.
Likewise the political parties seem motivated more by their desire to survive than to serve, which is why Labour became ‘intensely relaxed’ about the rich and the Conservatives failed to conserve national assets such as the postal service.
Nevertheless some kind of electoral reform is indicated. Diversity may be a strength but only if it is underpinned by something that holds us together.
That something could be what was rejected in 2011: the alternative vote. The referendum was influenced by the two main parties who feared a diminution of their own support in favour of what (mistakenly?) the electorate perceived as a middle-ground choice, the Liberal Democrats.
It is worth revisiting that system because of a growing sense that the current arrangements lack popular legitimation. When I looked into General Election data I found that in 2005 out of 650 Parliamentary seats only 220 were won by candidates who enjoyed an absolute majority of votes cast; and in 2010, only 217 seats. How many of even those few earned the support of more than half of the total of registered voters?
It is all very well saying how things should be and building political castles in the sky; what will drive change is the politicians feeling the carpet move under them. When mayors and devolved-assembly leaders and unelected globalist Prime Ministers become micromanaging petty tyrants riding exotic hobby-horses and their voters break up into mutually severely antipathetic factions they will need to point to a process that validates them better than what we have now.
They will also need to do more to encourage voter participation, if they wish to stave off anarchy, which is what will happen as apathy and a sense of helplessness turn into movements for direct action. The self-gluers and art-gallery soup-throwers need to be shown that they most emphatically do not have public support.
Abstention is a dereliction of duty; so is ‘None Of The Above’ which if it disqualified all the candidates on the ballot paper would merely result in the well-supported political protégés being parachuted into other constituencies.
We need more choice. Yet without AV even this could be gamed. Our (is it too much to say treacherous?) Tory Party is undermined by the Reform Party, and (ditto?) Labour by George Galloway’s Workers Party Of Britain; First Past The Post could end with even smaller percentages for the victorious candidates. Splitting and tactical voting could be key strategies, as in the 1990s when fakers put themselves up for ‘Literal Democrat’, ‘Conversative’ and ‘Labor’; or when Nigel Farage agreed not to contest Conservative seats in 2019.
With AV the losers in earlier rounds see their votes pass on (if indicated on the form) to winners until at last one candidate has a genuine (50% + 1) overall majority.
Ah, say the critics, but you’ll end up with a handful of minority parties and coalitions. To which we respond, on the issues that affect us most we seem to have a uniparty already; and the parties who wished to be major would work harder to occupy the centre ground, rather than use a FPTP landslide as an excuse for constitutional revolution, as ACL Blair did in 1997 with his 43.2 per cent support (* 71.3 % turnout = 30.8 % of total registered voters.)
It could be a cure for licensed dictatorship and wild top-down enthusiasms.
Friday, May 17, 2024
FRIDAY MUSIC: Cuba, by JD
"In the 1920s, superwealthy Americans began to vacation in Havana during the winter months. The Depression and World War II brought a lull to the fast action. By the late 1940s and early '50s, however, Havana had ramped up its nightclub business to meet the demands for entertainment, gambling and vice. Movie and recording stars as well a celebrated writers visited and roosted there.
Sunday, May 12, 2024
Eurosingalong, by JD
Having listened to Leo Kearse on GBNews this evening (11 May) talking about the events inside and outside the venue in Malmö, I wonder if this is a suitable response and/or acceptable commentary on the current eurosingalong farce?