Thursday, June 12, 2008

Take the Buildings, Leave the Beer

Abu Dhabi wants to buy Manhattan's Chrysler Building for $800 million. The Italian Valter Mainetti, a real estate investor of the Sorgente Group, has bought a majority share of the New York's fame triangular Flatiron Building. Foreigners like buying property in New York. In fact, 20% of New York City is owned by foreigners.

No one is seriously objecting to the seeming invasion of the building snatchers, except Pamela at Atlas Shrugs. To most Americans, those are just structures, national monuments maybe, but just buildings. Who cares who owns them? No big deal.

Just don't try to buy our beer, though. The breweries specifically. Anheuser-Busch may be purchased by Belgian-Brazilian InBev. Since the 1850s under the care of the Busch family, the brewery was never seriously up for sale. But now it is and Missouri Governor Matt Blunt and the citizenry are deeply concerned. SaveBudweiser.com has collected over 34,000 signatures on an online petition as of June 11 and SaveAB.com has collected 12,000 more.

"No doubt there will be backlash to InBev's offer, especially in a campaign year when there has been considerable rhetoric regarding the protection and preservation of American jobs," said Jeffrey Ham, an analyst at Briefing.com.

"Taking an iconic American brand like Anheuser-Busch overseas will stir the voices of both politicians and brand loyalists, all resisting the acquisition."
Who says Americans don't know what's important in the world?



The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.

2 comments:

Mike's America said...

Damn!

It's always been a fantasy of mine to buy the Chrysler building and remake those upper floors into one uber cool penthouse.

I don't want it if Arabs are going to live there!

Indigo Red said...

Yeah, I know, Mike. It wouldn't be so bad if they just used it for camels and goats. But Arabs!