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from Sakari Suoninen:

Beer washes out German inflation angst

photo

Germans, many say, have inflation angst in their DNA. But there is one exception to that. Beer.

Although prices at Oktoberfest have been inflation-beating for years, consumption keeps rising. Average price of the 1-liter (35 oz) stein of beer will be 9.66 euros ($ 12.85), up 3.6 percent from last year's festivities, compared with German overall annual inflation of 1.5 percent.

Since 1985, the Wiesn Visitor Price Index has risen more than twice as fast as the country's overall inflation rate, Unicredit calculations show. But this has failed to stem the tide of more beer flowing down visitors' throats, with millions and millions of litres to be consumed again this year.

Unicredit's research note also pointed out that the European Central Bank's low-rate policy could play a role in boosting beer consumption, bucking an international trend of declining brew sales in the face of increasing costs.

from Breakingviews:

Frackers ignore German beer angst at their peril

By Kevin Allison and Olaf Storbeck

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Contemporary Germans tend to be open-minded and tolerant. Their permissiveness ends when it comes to beer. It must be eight degrees cold, with a decent head and brewed only with the purest water, barley, hops and yeast. Gas drillers eyeing potential shale opportunities in Europe ignore at their peril this centuries-old fastidiousness, which dates back to the famous Reinheitsgebot of 1516.

from Entrepreneurial:

Jim Koch on owning your own business

In the latest episode of Impact Players, Robert Wolf interviews Jim Koch, founder of Boston Beer Company, the brewer of Sam Adams beer. The two discuss entrepreneurship, the happiness that comes from owning your own business, and of course... beer.

from Tales from the Trail:

For Portman, it all comes down to beer

Rob Portman is upset about the tax laws that make a real American beer hard to find.

The senator from Ohio, who is seen as a leading candidate to be Republican presidential candidate Mitt Romney's vice presidential pick, spoke out at the Reuters Washington Summit against tax policy that puts American companies at a disadvantage.

from Oddly Enough Blog:

You only shot pictures of WHAT?

 

Blog Guy, how's Oktoberfest shaping up this year, if you take my meaning? You know, those Bavarian women tend to wear some pretty risqué outfits over there, huh?

Boy, I'll say. For your convenience, our photo people have put together this combo shot, showing cleavage of the visitors wearing traditional Dirndls.

from Breakingviews:

Foster’s gets full measure from SABMiller

By Quentin Webb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Like two quarrelsome drunks who are suddenly best of friends, SABMiller and Foster’s Group have quickly patched things up after earlier hostilities. Foster’s has done well to secure a sweetened $10-billion-plus offer from its London-listed rival, with markets queasy and no rival bidders in sight. The deal is hardly cheap. But the sums just about work for SAB, and Foster’s was one of the few easily buyable brewers of size out there.

from Photographers' Blog:

Covering the world’s biggest beer fest

By Michael Dalder and Kai Pfaffenbach

It's 5am when my alarm clock rings and to be honest, my thoughts are more about coffee than beer.

However, I packed my gear and tried to get ready for the world’s biggest party, where tradition meets madness in Munich: The “Oktoberfest”.

from Oddly Enough Blog:

What’s better than camping out drunk?

Congratulate me, Blog Guy! I'm going to Oktoberfest this year! It's a life-long dream come true!

Hey, that sounds nice. Where will you be staying?

I'm not totally sure, but I'm paying about $80 a night, so I'm guessing it will be very, very swanky. Maybe like a suite or something.

from Oddly Enough Blog:

A sport that needs no urine test…

Blog Guy, you used to do a better job of covering really stupid sports. Isn't that still a part of your beat?

Indeed. Have a look at the recent "Race of Beer," down in Brazil. It's a 1.2 mile race in which runners carry 12 cans of beer each. The goal is to cross the finish line with the cans empty. It turns out...

from Oddly Enough Blog:

Have more beer and take your mind off it…

 

Lamar, can I talk to you over here for a minute?

Sure, Boss. I guess you're pretty happy with the client beer party I set up. I think they're having a great time.

Boy, they're really knocking back the brews. They've been drinking for three hours solid and going through keg after keg. But it's worth it to keep customers happy.

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