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The price of wine is going up.Global wine production slumped to its lowest level in 60 years in 2017, according to data from the International Organisation of Vine and Wine.The most recent harvest produced 25 billion liters of wine, a decrease from 26.7 billion in 2016 and 27.6 billion in 2015. The decline was driven by weak harvests in key markets including Europe and South Africa.The shortage has caused the wholesale price of basic wine in Italy to skyrocket 74% over the previous year, according to the European Commission. Prices are up 45% in Spain and over 10% in France.Analysts said that producers, dealers and retailers will absorb some of the price hikes, but consumers will end up paying more -- especially for cheaper bottles."The wine companies that are targeting very low prices ... will be hit the worst, because their margins are very low," said Stephen Rannekleiv, a global beverages strategist at Rabobank. "When prices go up, it puts a lot of strain on them."Reduced supply will also hurt quality."There will be, in some cases, lower quality wines getting blended into slightly higher value products, so everyone kind of goes down a tier in quality," said Rannekleiv.Producers were hardest hit in Europe, where heavy hailstorms and harsh frosts damaged vineyards in early 2017 before a summer drought took its toll. The continent accounts for 65% of global wine production, and 57% of consumption.European production dropped 15% in 2017. Production fell 21% in Italy, 18% in France and 15% in Spain, according to the Commission.Other regions had problems, too.Wildfires destroyed or tainted some of the harvest in California, and drought harmed vineyards in South Africa. Warm weather can cause grapes to ripen early and be smaller in size.Rannekleiv said the result was a global harvest that was even worse than analysts had feared. The pain could spread to other industries.Rannekleiv said the slump in production means there will be less wine to divert for use in other products. Brandy and vinegar makers could be hurt, for example. 2067

The next few weeks mark the beginning of serious financial uncertainty for millions of people, because a slew of debt, from income tax payments to several months of rent, are going to be due at the same time. “It is going to be a perfect storm of financial difficulty for many, many people,” said Andrea Bopp Stark, an attorney at the National Consumer Law Center (NCLC).The center recommends three steps for anyone that finds themselves in a financially difficult situation regarding debt.Step one: create a list of priority bills and debt to pay off. “People are going to be barraged with debt collectors calling and trying to get them to pay on a medical debt or a credit card debt, but those debts are less important,” said Stark. “Pay debts that if you didn’t pay them it would cause immediate harm to your family.”Those are things like your rent and a car payment, especially if you need your car to go to work.“If you have a judgment against you, a court judgment against you for a debt, it is important to try and make a payment plan to pay that because creditor could issue a garnishment against your wages,” Stark added. Step two: contact your lender to make a payment plan on those priority debts.“We are seeing data come in that there are people who are delinquent and don’t have a forbearance agreement when they could very easily be in a forbearance agreement,” Stark added. “I know wait times on the phone are horrible right now, but you have to be persistent and get through and find out what help is available.”Data collected by the U.S. Census shows that delinquency rates are higher in communities of color.“It is mostly Black and Latinx borrowers who are not getting these forbearance agreements,” said Stark. “Whether they don’t know about it or nobody is reaching out to them to let them know this is available, we don’t know why but that is a population that is going to be disparately impacted and has already been disparately impacted by this whole crisis.”Step three: find a way to stick to your prioritized debt list. “It may sound obvious but if you have it on paper and you have created a budget, stick that to the refrigerator or wherever, then you know these are the priority spending items,” said Stark. “If your son or daughter say, ‘Oh, I want this or that,' ‘no, look at the fridge these are our priority spending items, sorry.’” Because every situation may not be solved in three steps, the NCLC has now made its in-depth guide to Surviving Debt available for free. It has template letters to send to debt collectors and hundreds of pages of help to get you through this tough time. 2626

The ObamaBiden Administration was the most corrupt in history, including the fact that they got caught SPYING ON MY CAMPAIGN, the biggest political scandal in the history of our Country. It’s called Treason, and more. Thanks for your very kind words Michelle!— Donald J. Trump (@realDonaldTrump) August 18, 2020 319

The House Intelligence Committee voted along party lines Thursday to release the Republican report on Russian meddling, after it goes through the declassification process.The top Democrat on the committee, Rep. Adam Schiff of California, said his party members on the committee sought to hold the hearing in open session, issue a number of subpoenas and hold former White House adviser Steve Bannon in contempt. He said Republicans rejected all of it. Democratic Rep. Mike Quigley of Illinois that reiterated Schiff and said Democrats made more than a dozen motions.Schiff effectively declared the bipartisan investigation over but said the Democratic probe would continue.Rep. Eric Swalwell of California called the report an incomplete assessment.In a sign of how tense the meeting was, Quigley said he clucked like a chicken at one point to underscore how he thought Republicans "lacked courage" and "ducked one of the most important times in American history."  978

The jury in Bill Cosby's retrial found the TV icon guilty of all three counts of aggravated indecent assault on Thursday for drugging and sexually assaulting Andrea Constand at his home in a Philadelphia suburb in 2004.The 80-year-old comedian faces up to 10 years in prison on each count, but would likely serve them concurrently. A sentencing hearing has not yet been scheduled, and he remains out on bail.Cosby did not have an audible reaction to his conviction, but erupted shortly afterward. Minutes after the verdict, prosecutors asked the judge to revoke Cosby's bail because they say he is a flight risk and has a private plane.Cosby, who did not testify in the trial and has sat quietly throughout the proceedings, then stood up and yelled in a loud, booming voice: "He doesn't have a plane, you asshole."Judge Steven O'Neill ruled that Cosby should not leave his Pennsylvania home, and that he would need to be fitted with a GPS tracking device.What the case was aboutThe case against Cosby centered on testimony from Constand, a former employee with Temple University women's basketball team. She testified that Cosby, a powerful trustee at Temple, drugged her and sexually assaulted her when she visited his home to ask for career advice.Cosby's defense team argued that their interaction was consensual. Constand is a con artist, they argued, who wanted a piece of Cosby's fortune.After the trial concluded, Constand left through a side door in the courtroom, walking into a hallway with her arms around two women and a huge smile on her face.The case is the first celebrity sexual assault trial since the #MeToo movement began last fall, and as such, represents a test of how the cultural movement will translate into a courtroom arena.In closing arguments, defense attorney Kathleen Bliss positioned Cosby's legal team as standing up against "witch hunts, lynchings (and) McCarthyism."Attorney Gloria Allred, who represents many of the women who have accused Cosby of misconduct, said this was the happiest she had been with a verdict in 42 years."We are so happy that finally we can say, women are believed. And not only on #MeToo but in a court of law where they are under oath, where they testified truthfully, where they are attacked," Allred said. "After all is said and done, women were finally believed."Cosby's attorney, Tom Mesereau, said he plans to appeal "very strongly.""We are very disappointed by the verdict. We don't think Mr. Cosby's guilty of anything and the fight is not over," he said.The guilty verdict is a remarkable turn of events for the man once known as "America's Dad." Cosby was a groundbreaking actor and the first African-American performer to win an Emmy for his role on "I Spy." His portrayal of the sweater-loving Cliff Huxtable on "The Cosby Show" was one of the first mainstream TV shows to feature a black upper-middle class family.Previous trial ended in a hung juryAlthough dozens of women have accused Cosby of sexual misconduct, only Constand's allegations resulted in criminal charges."I feel like I'm dreaming," Lili Bernard, who has accused Cosby of assault, said afterward. "I feel like my faith in humanity is restored."The verdict came a year after Cosby's previous trial ended in a mistrial, as a different panel of jurors said they were deadlocked and could not unanimously agree on a verdict. This jury began deliberating Wednesday around 11 a.m., and worked for more than 14 hours over two days to reach the verdict.At the retrial, five other Cosby accusers testified as "prior bad acts" witnesses and said that Cosby had drugged and assaulted them decades ago. Prosecutors said these women's stories showed that Cosby had a pattern in his actions and did not make a one-time mistake in his interactions with Constand.The-CNN-Wire 3806

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