Showing posts with label oldest. Show all posts
Showing posts with label oldest. Show all posts

Australian Wine Society Million of Dollars in Debt

HEALTH
It seems just about everybody is investing in vineyards. The wine industry has drawn in big investors and hobbyists. Unfortunately, people do not think before they jump in. They are seeking to fulfill a dream: there is a certain amount of glamour involved in saying I am a wine maker, a vintner.
Wine society drinking
Too much drinking not enough thinking
There is a world glut of wine, particularly the cheap ones. Nations have pushed to establish new vineyards. It has the aura of a local car industry or airline. Newcomers enter the industry all the time without doing any research and little training.

It is no surprise to hear that the oldest wine club in Australia founded in 1946 is in the red, by a shocking amount. It owes a staggering $4.2 million to its wine producers. It operates as a distributor, buy and selling, though ostensibly not-for-profit. Supermarket chains sell nearly all wine in Australia and in a situation of oversupply they don't pay much for it. These major players "do" their homework, unlike the suppliers.

The Wine Society is in deep trouble. Things are so bad that membership of the prestigious club has fallen by a quarter over the last three years. Demand for premium wines which used to have a high, profitable markeup has dramatically decline. Consumers buy more of the cheap stuff.

To clear the debt a complicated "splitting" of the business is taking place. However, selling the wholesale section to the Fogarty Wine Group for a measly $75,000 will not help its finances are all. This will allow the society to borrow $3 million. Taking on more debt is folly.
 Society by Ty Buchanan 
 Australian Blog
 
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Earliest Lifeforms Were Like Baseballs, Tennis and Soccer Balls

Earliest life on this planet looked like tennis and soccer balls. Images show round ball-like creatures. One type has the curved line around it like a tennis ball. Another has five sides shapes around its surface like a soccer ball.

At first the lifeforms were believed to be giant bacteria. Currently the verdict is they are metazoan embryos. They could ultimately be found to be protists such as fungi, algae and diatoms.

Though they are the earliest kind of life found, the find at this particular site in China is just by chance. Different life could have developed elsewhere. Two animals have also been found at the site that lived during the "Snowball Earth" period. One of the animals could be the first instance of a bilateral, life with a symmetrical body.

China and Australia were once joined together on the supercontinent of Gondwana. Fossils in the Flinders Range of Australia also claim the "ticket" for the oldest known form of life.
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Paleontology