The last few years have been ripe for U.S. vintners. Wine exports have surged 64% since 2007.
While most exports still come from California, other states are getting in on the game. New York has long been known for its growing wine industry, but Florida and New Jersey are nursing start-up vineyards as well.
The top overseas destinations for U.S. wine are the U.K. and China, according to the Southern United States Trade Association.
Most U.S. wines outside of Napa Valley still don't have the cachet as, say, wines from the Loire Valley or Chile. So what's the draw?
In Asia "there's a lot of conspicuous consumption," said SUSTA Executive Director Jerry Hingle. "They want something unique, something their neighbors aren't drinking yet."
If they're drinking Trenton Cabernet, that's probably a pretty safe bet.
Florida teachers and other public workers scored a big win this week in the state budget battle.
A Circuit Court judge ruled that the state must return the 3% of employees' salaries that it started deducting last year as contributions toward their retirement benefits....with interest. Judge Jackie Fulford also voided the state law that eliminated annual cost-of-living-adjustments. Both changes violate the state constitution, Fulford wrote in her decision.
We're not talking chump MORETami Luhby - Mar 7, 2012 6:22 PM ET
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.99%||4.02%|
|15 yr fixed||3.18%||3.16%|
|30 yr refi||4.01%||4.07%|
|15 yr refi||3.20%||3.19%|
Today's featured rates:
|Latest Report||Next Update|
|Home prices||Aug 28|
|Consumer confidence||Aug 28|
|Manufacturing (ISM)||Sept 4|
|Inflation (CPI)||Sept 14|
|Retail sales||Sept 14|