Numlock News: May 22, 2024 • Seltzer, Canada, The Long Drink
By Dave InfanteToday’s guest writer is Dave Infante, who writes the rambunctious and insightful newsletter Fingers all about drinking in America. That’s right, baby: Today’s Numlock News is more of a Numlock Booze! Bud Light JusticeIf we’ve learned anything about the Supreme Court over the past year or two, it’s that our Agéd/Robéd Ones are no strangers to the millennial concept of the side hustle. Clarence Thomas is a talented procurer of RVs, for example. Samuel Alito’s other gig, it turns out, is day-trading. Less than a day after the right-wing rage-farming account libs of TikTok amplified the transphobic backlash against Anheuser-Busch InBev last August, records show that the conservative justice sold between $1,000 to $15,000 of that brewer’s stock and bought stock in its rival, Molson Coors. The move poses ethical questions about Alito’s impartiality on cases involving trans health care. Long DrinkFinland’s beloved gin-based sipper, the long drink, has been a hit with the American drinking public, with The Finnish Long Drink (that’s a brand name) racking up a staggering 91.9 percent increase in year-over-year retail dollar sales through mid-April, per NielsenIQ scan data. That type of growth, in such a crowded and regulated market no less, has caught the eye of a handful of savvy celebrity backers, including Miles Teller, DJ Kygo and Rickie Fowler. Now, HOV himself is getting gin-volved: Jay-Z’s Marcy Venture Partners announced a “significant investment” in the brand last week. Ain’t No Laws…The hard seltzer boom of yesteryear has fizzled into a more sobering reality lately, as most of the big players in the once-hot segment have posted serious losses in both volume and dollars. That includes Truly, Boston Beer Company’s entrant and the longtime No. 2. It does not, in fact, include the segment’s No. 1 brand, though: White Claw is still posting modest growth and now controls over 60 percent of the multibillion-dollar segment in the U.S. Wine GlutYou don’t often hear people complaining about having too much wine, but at a commercial level, it’s actually a big problem for countries that traffic in the stuff. Wine consumption is down globally and storage capacity is maxed out, impelling government interventions to steady already wobbly domestic and export markets. In Navarra, a wine region in northern Spain, the minister of rural development has announced €10 million in funding to try to stanch wine oversupply in the short term. Roughly half of that will be spent to buy wine from vintners to distill for industrial alcohol applications, and the rest will be used to “green-harvest” wine grapes off the vines in the hopes of preventing unneeded fruit from this year’s crop attracting pests and disease that might harm the vineyards long-term. Total WineThe wealthy cofounder of alcohol mega-retailer Total Wine, David Trone, is already a congressman for Maryland, but he’s had designs on the upper chamber ever since the state’s senior senator announced his plans to retire last May. The Democrat spent $62 million of his own money to fund his primary campaign, and many assumed Senator Sauvignon Blanc was a done deal. Not so: A county executive with comparably little name recognition and way less dough whupped the magnate by a double-digit margin in last week’s vote. Luke Goldstein, The American Prospect LCB-Oh NoOne of the biggest alcohol buyers in the world is the Liquor Control Board of Ontario, which, as you may have surmised, is the board that controls Ontario’s liquor trade and the hundreds of retail locations through which it flows in Canada’s most populous province. This powerful authority is none too popular with multinational liquor concerns these days due to the fines it keeps issuing over alleged contract violations regarding pricing. Now, Spirits Canada, a trade group whose constituents collectively sell some 70 percent of Ontario’s booze, is signaling that member firms like Diageo and Pernod Ricard are prepared to pull out of the market entirely if the LCBO keeps treating them like deadbeats in arrears rather than collaborative partners in the trade. Cash for CannabisWith the vice industry all abuzz with the Biden administration’s latest progress toward recasting marijuana to be more like Tylenol with codeine and less like heroin in the eyes of Uncle Sam, one of the biggest players in Canada’s weed business, Tilray Brands, announced plans to sell stock valued at up to $250 million to underwrite new acquisitions. Tilray has become a bit of a meme stock à la GameStop, and it has not let the lack of federal recreational legalization in the United States (which recasting it is not) stop it from getting acquainted with the American substance user, acquiring a bunch of American craft breweries and distilleries in the last few years. Follow Dave’s work here: Thanks to the paid subscribers to Numlock News who make this possible. Subscribers guarantee this stays ad-free, and get a special Sunday edition. Consider becoming a full subscriber today. Send links to me on Twitter at @WaltHickey or email me with numbers, tips or feedback at walt@numlock.news. Send corrections or typos to the copy desk at copy@numlock.news. Check out the Numlock Book Club and Numlock award season supplement. Previous Sunday subscriber editions: The Internationalists · Video Game Funding · BYD · Disney Channel Original Movie · Talon Mine · Our Moon · Rock Salt · Wind Techs · Yeezys · Armed Forces · Christmas Music · The Golden Screen · New York Hotels · A City on Mars · Personality Change · Graphics · You Are What You Watch ·Comics Data · Extremely Online · Kevin Perjurer · Kia Theft Spree · Right to Repair · Chicken Sandwich WarsSunday Edition Archives: 2022 · 2021 · 2020 · 2019 · 2018You're currently a free subscriber to Numlock News. For the full experience, upgrade your subscription. |
Older messages
Numlock News: May 21, 2024 • Chili's, Hostages, Space Junk
Tuesday, May 21, 2024
By Dave Levinthal Today's guest writer is my friend Dave Levinthal. He is the editor-in-chief of Raw Story, an excellent publication you should check in on and one of Editor & Publisher's “
Numlock News: May 20, 2024 • Royalties, Remixes, Broadway
Monday, May 20, 2024
By Chris Dalla Riva Today's guest writer is Chris Dalla Riva, who writes the absolutely brilliant music and data newsletter Can't Get Much Higher. Musi The music industry has a Musi problem.
Numlock News: May 15, 2024 • Cheerleading, Wiley, Taco Bell
Friday, May 17, 2024
By Walt Hickey Cheerleaders Bain Capital, which owns the cheerleading company Varsity Brands, as well as the previous owners of the company agreed to pay $82.5 million to settle a class-action lawsuit
Numlock News: May 16, 2024 • Toto, Dog Man, Coke
Friday, May 17, 2024
By Walt Hickey Coke McDonald's announced a $5 meal bundle for this summer in an attempt to woo back consumers who got kind of mad that they have to pay over $10 for a burger from McDonald's.
Numlock News: May 17, 2024 • Heifers, Cave Bears, Salt Lake
Friday, May 17, 2024
By Walt Hickey Have a great weekend! Over the next two weeks, I'll be on my honeymoon, so we've lined up some brilliant guest writers to fill in while I'm gone. For now, this is the end of
You Might Also Like
My Hunt for a Non-Hideous Sleeper Sofa
Friday, November 15, 2024
Plus: Some New Yorkers on their small-space essentials. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate
Amazon confirms employee data exposed in leak linked to MOVEit vulnerability [Wed Nov 13 2024]
Friday, November 15, 2024
Hi The Register Subscriber | Log in The Register Daily Headlines 13 November 2024 data breach Amazon confirms employee data exposed in leak linked to MOVEit vulnerability Over 5 million records from 25
☕ Bonuses are back
Friday, November 15, 2024
Plus, Saudi Arabia's megacity descends further into chaos... November 13, 2024 View Online | Sign Up | Shop Morning Brew Presented By Compare Credit Good morning. Here's an opportunity to share
Numlock News: November 13, 2024 • Ouch, Forgeries, Sails
Friday, November 15, 2024
By Walt Hickey ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Elon, Vivek to Lead Cost-Cutting Agency, CNN Layoffs, and a James Bond Auction
Friday, November 15, 2024
President-elect Donald Trump on Tuesday named Elon Musk and former GOP presidential candidate Vivek Ramaswamy to head up a new federal agency, the Department of Government Efficiency, or DOGE. ͏ ͏
Jared Kushner's $3 billion conflict of interest
Friday, November 15, 2024
During Donald Trump's first term, one of his most influential advisors was his son-in-law, Jared Kushner. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
How our deadliest roads got — and stay — so dangerous
Friday, November 15, 2024
Plus: The new and familiar faces joining Trump's inner circle, "blue zone" diets, and more. November 13, 2024 View in browser David Zipper is a senior fellow at the MIT Mobility
The Shampoos Our Writers Actually Buy
Friday, November 15, 2024
“I always finish a bottle of Bumble and Bumble. The Strategist Beauty Brief November 13, 2024 Every product is independently selected by editors. If you buy something through our links, New York may
☕ Slackadaisical
Friday, November 15, 2024
Does this AI make me look lazy? November 13, 2024 Tech Brew Together With Indeed It's Wednesday. Does using AI at work make you seem like a tech-savvy go-getter, or a task-dodging sloth? New Slack
Essential Reading Alert: Drop Site News
Friday, November 15, 2024
Drop Site News have established themselves as a powerful investigative reporting force committed to uncovering truths that others might overlook. At a time when the world desperately needs hard-hitting