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☆ ‘Ping pong-sized’ hailstones ravage famous French wine region
▼ + stars: | 2024-05-02 | by ( Julen Chavin | ) edition.cnn.com time to read: +3 min

CNN —A violent hailstorm wreaked havoc on vineyards in Chablis in the famous French wine region of Burgundy Wednesday evening, delivering another weather blow to already hard-hit local Chardonnay winemakers. The extent of the damage was still unclear as winegrowers checked over their plots on Thursday, a representative for the Burgundy wine association told CNN. “We’ve never seen anything like this, it’s dramatic,” Julie Fèvre, a winemaker, told BFM. Some 38 million bottles of Chablis Chardonnay wine are sold every year, generating an estimated $340 million turnover, according to the Burgundy wine association. Around 67% of Chablis wine is exported to foreign markets, the association said.

Persons: “ We’ve, Julie Fèvre, BFM, ” Paul, Étienne, we’ve, Vincent Laroche, Marc Fesneau, ”, Chablis, ” Louis Poitout, we’ll, CNN’s Laura Paddison Organizations: CNN, Chablis, BFMTV, International Organisation of Vine Locations: Chablis, Burgundy, France, “

☆ France’s Biggest Literary Sensation Tells His Story — Again
▼ + stars: | 2024-03-03 | by ( Matthew Schneier | ) www.nytimes.com time to read: +2 min

CHANGE, by Édouard Louis. Édouard Louis (né Eddy Bellegueule) burst onto the French literary scene in 2014 at the age of 21 with “The End of Eddy,” an autobiographical novel that announced, with aplomb, his own abnegation. Raised in a rural village in northern France, Eddy grew up not only miserably poor, but miserably gay and miserably bright. But for readers of “The End of Eddy,” let alone the entire Louis canon, “Change” feels stuck in a familiar rut. “Need I tell you again how it all started?” Louis wonders near the beginning of “Change.” The answer, again, is yes.

Persons: Édouard Louis, John Lambert, né Eddy, Eddy, ”, aplomb, Eddy Bellegueule, Louis, bobo, Eddy ”, startlingly, Eddy hasn’t, Louis himself, autofiction, Annie Ernaux, ” Louis Locations: France, Paris

☆ A Tax Rule Change Is Threatening the Survival of Some Businesses
▼ + stars: | 2023-10-26 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

For Yelp, the tax rule change potentially deters investment in R&D above what is needed to maintain the business, said Chief Financial Officer David Schwarzbach. Photo: john g mabanglo/ShutterstockTristan Louis in January started preparing to file taxes for his software business. Expecting a bill in the five-figures, the Casebook founder was shocked to learn his tax liability for the nearly 50-person firm was over $400,000. The 52-year-old, unsure the business would survive, scrambled to figure out how to come up with the cash to pay the taxes. Job cuts were needed and by early March, he had to cut staff by around 35%.

Persons: David Schwarzbach ., Shutterstock Tristan Louis, ” Louis, ”

☆ The Tax Rule Change That Is Threatening Businesses’ Survival
▼ + stars: | 2023-10-25 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

Persons: David Schwarzbach ., Shutterstock Tristan Louis, ” Louis, ”

☆ Wall Street’s still worried despite Friday’s fakeout
▼ + stars: | 2023-05-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

In other words, Wall Street still has concerns about the banking sector’s health, the Federal Reserve’s interest rate trajectory and the possibility of recession. Key inflation reports aheadThe April Consumer Price Index and Producer Price Index are on deck for next week. The Fed on Wednesday raised interest rates by a quarter point and opened the door to a pause later this year. Wednesday: April Consumer Price Index and earnings report from Disney (DIS). Thursday: April Producer Price Index, mortgage rates and jobless claims.

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