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    FREDDIE MAC AND FANNIE MAE BAILOUT
    July 14, 2008 - USA

    Freddie Mac and Fannie Mae who own or guarantee about $5.3 trillion worth of home loans about half of all US mortgages have seen a loss of confidence my the market due to the mortgage forclosure increase and the drop in property values in the United States. Both company Shares have been under increasing pressure and have lost as much as 80% of share value in just 12 months . The Fed has given the green light for the Federal Reserve Bank of New York authority to lend any money needed to allow them to continue providing mortgages at 2.25% and will expand its current line of credit to the two companies and buy shares of the companies if needed to prop up share price in these troubled times. Congress is also to approve a package next week which includes a foreclosure rescue to help strapped homeowners get new, more affordable government-backed mortgages through the Federal Housing Administration.

    ANHEUSER- BUSCH TAKEN OVER
    July 14, 2008 - USA

    After a $52 billion takeover deal, American beer maker, Anheuser- Busch, was taken over by the Belgian beer maker InBev on this day. The merging of the two companies made the newly combined company, Anheuser-Busch InBev, the largest beer maker in the world. The new combined company produces some of the most well known beer brands in the world including Bud Light, Budweiser, Becks and Stella Artois.

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Choosing The Right Type Of Wine :

Choose Your Color :

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Wines as we know them are generally distinguished as either red or white wine. However, this distinction is much too simplified considering the various types of wine depending on the grapes they were made of and the location of the vineyard where they were grown.

ARTICLE CONTENT :

Wines as we know them are generally distinguished as either red or white wine. However, this distinction is much too simplified considering the various types of wine depending on the grapes they were made of and the location of the vineyard where they were grown.

Having invested possibly hundreds of dollars in your latest bottle of vintage wine (ah well, we can but dream), the next important decision is where to store this prized possession?

The knowledge that wine can come in hundreds, perhaps thousands of flavors, can leave you with a feeling of dread especially when you have to order wine in restaurants. The basic rule is that there is no one perfect wine because it really depends on your own taste buds. An expensive wine that may taste perfect for one can taste horrible to another.

When ordering wine in restaurant, ask for the wine you personally prefer or have gotten familiar to the taste of. If you are the adventurous type or you really don’t have an idea which wines are good, then it is always practical to ask the help of the waiter or the restaurant staff taking your order. It is proper to surmise that the staff or waiter should have been given instructions and the basic training in wine selection by the restaurant owner or manager. But what if the waiter is just as ignorant as their customers about their wine list? What if the big decision as to which wine to order is left in your hands? Art of Wine Tasting.

If no one on the staff is knowledgeable about wines or can’t make suggestions, ask the waiter to just come back and then ask your companions about their preferences. Ask your dining companions whether they prefer red or white wine. The most common choices would be chardonnay for white wine as this is the king of white wine, or cabernet sauvignon for red wine as this is known as the king of red wine. No other choice could be much safer.

Wines benefit from being kept in dark conditions. Although this is not always practical, wine should certainly be stored in an area that is not exposed it to direct sunlight.

If you are eating white meat life fish or chicken, it would be best to order white wine. If you have chosen red meat like pork or beef roast, then red wine lie Pinot Noir would be an ideal wine to order. Ordering wine by the bottle is sometimes cheaper than ordering wine by glass. There are restaurants that offer discounts to customers who order two or more bottles of wine.

Whether or not you have a limited budget, it is always wise to ask for the price of wine per bottle or per glass, if only to have a stock knowledge of their prices the next time you are tasked with the same decision to order wine for the group. If money isn’t a problem for you, then Dom Perignon would be a good choice although this wine is higher priced than the others. There are equally good wine sparklers like Iron Horse or Domaine Chandon which are priced reasonably, depending on where you are eating.

There are wines that are better when they are less than three years old. You can try ordering white wines like Pinot Blanc or French Macon are dry white wines that command good prices and can be eaten well with appetizers. Wines are best drunk when they have been properly chilled.

Many modern wines do not need to be aged over a great period of time; therefore extensive cellars are often unnecessary. Having said this, if you have the time, space and resource to excavate a cellar, your wine will surely benefit. A purpose built cellar is not normally an option for most households and so suitable alternatives must be explored.


Source : PLR

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