A day after the body of a prominent Emerati sheikh killed in a glider crash was found in Morocco, speculation is swirling around who will be tapped to take over his job as chief of one of the world’s largest sovereign wealth funds.
Think you drink a lot of java? Think again.
Starbucks’ stable of 20 coffee tasters collectively sample 250,000 cups of coffee every year, Scott McMartin, Starbucks’ director of global coffee advocacy told Reuters during a recent visit to the cafe chain’s Seattle headquarters.
Those tasters — who sample the brews sold at Starbucks and the company’s Seattle’s Best Coffee brand — are based in Seattle, Switzerland and in farmer support centers in Costa Rica and Rwanda.
McMartin, who spoke as he slurped a variety of coffees, says great tasters have a mix of natural skill and commitment to craft. (Tasters make a slurping sound as they practically inhale the hot brew — a process that mixes the liquid with air to help the tongue detect different flavors. Then they swish and spit.)
Top tasters, like athletes and artists, know that practice makes perfect, said McMartin, who is also a sommelier.
“It’s a repetitive thing. Your tongue is a muscle,” he said
Starbucks tasters make copious notes and occasionally check that they are in sync with regard to what they’re tasting in the cup. The latter process helps Starbucks make sure there are no “rogue tasters” in the mix, McMartin said.
Blockbuster‘s biggest shareholder, and one of the market’s most prominent activist investors, is heading for the door, heaping another note of gloom to the video chain’s hopes to avoid bankruptcy.
Gartmore are embarking on a damage limitation exercise in the wake of the suspension of star fund manager Guillaume Rambourg. His mentor, Roger Guy has rushed back early from holiday to help soothe investors spooked by an internal investigation which appears to have thrown up the possibility certain brokers were being favoured.
Wednesday’s top stories:
* Australia’s Macarthur Coal rejects a A$3.3 billion ($3 billion) takeover offer from U.S. coal miner Peabody Energy , saying it does not fully value the company and its growth prospects.
News and views on the fund industry from Reuters and elsewhere:
Gartmore suspends top fund manager – Reuters
US fund Touradji bets on LME nickel – Reuters
The BSE banking index fell 0.55 percent on Tuesday after gaining 3.7 percent over the last four sessions.
Islamic funds may well be “the most dynamic part of the Sharia-compliant sector”, supported by with increasing interest from deep pocketed investors, but if you are a hedge fund manager, Banque Sarasin reckons you have no hope of getting a slice of this Sharia pie.