Presidential Preference: What kind of wine does president-elect Barack Obama drink? Well, we don't know if he drank it, but, in a recent People Magazine profile of him, a bottle of Kendall Jackson Vintner's Reserve Chardonnay was sitting on his kitchen countertop. Knowing opportunity when he sees it, KJ owner Jess Jackson quickly shipped two cases of wine to Obama, care of the Democratic National Committee in Washington, D.C. He points out that Nancy Reagan liked the wine, so it was often served in the White House of Ronald Reagan.
Grape Growers Hurting: It's not quite as big as the recent Chinese bailout of its economy, but the Canadian government has bailed out the country's grape growers to the tune of $4 million.
Wine a bad investment? I wrote recently that some affluent wine fans, scared off by the stock market, are investing in wine -- buying it and asking the wine retailer to keep it in perfect storage for them. Well, forget that. Comes the news now that fine wine sales fell 12.4 percent in October, with the hallowed Chateau Lafite Rothschild down 27.9 percent. Might as well drink up.