Felix Salmon

“We are searching for a different winery for this brand”

By Felix Salmon
July 24, 2009

In the February 2008 edition of Robert Parker’s hugely influential Wine Advocate newsletter, critic Jay Miller gave a highly-coveted 96-point rating to a formerly pretty-much unknown Spanish red called Sierra Carche, a Monastrell-based wine from Jumilla. Given that most Americans — indeed, most wine drinkers — have never heard of either Monastrell or Jumilla, the rating was a huge boon for the wine, and directly resulted in at least one consumer, Robert Kenney, ordering several cases without having ever tasted the wine at first hand.

Larry Summers’s billion-dollar Harvard gamble

By Felix Salmon
July 24, 2009

Greg Mankiw adds some insider detail to the story of Larry Summers’s ill-fated interest-rate swap, in the form of an email from “someone knowldgeable about the financial situation at Harvard”.