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The Hartmann Report

Thom Hartmann Program - 1 Hour Edition - 7/26/2018

The Hartmann Report

Thom Hartmann

Climate Change, Congress, News, The Hartmann Report, Democracy, Debate, Economics, America, Thom Hartmann

4.51.3K Ratings

🗓️ 26 July 2018

⏱️ 65 minutes

🧾️ Download transcript

Summary

Congressman Mark Pocan takes your calls. Also Prof. Richard Wolff drops by to discuss America's Debt Economy for Workers & CEOs are getting record pay. Finally, Lori Wallach to discuss Trumps tarriffs.

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Transcript

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0:00.0

I had a fascinating conversation with Cameron Hughes a few weeks ago.

0:03.2

He literally travels the world looking for good wine, for great wines, particularly from

0:07.4

boutique wineries, wineries that you may not know of, never heard of, and you know

0:11.8

these wineries they'll produce typically some

0:15.4

extra wine every year they do that because on the front end they commit to you know they

0:20.8

get purchasers who commit to a certain number of cases and in order to know

0:24.7

that they're definitely going to be able to make say 500 cases a wine this year

0:27.8

they do production for 600 cases and just in case something goes bad because inevitably something does.

0:34.0

But very often they end up with an extra 100 cases of wine and you know the the

0:38.8

channels for distributing it are already locked up. They've already made their

0:42.0

deal for the year. So Cameron

0:43.7

Hughes comes along and says I'll take that extra wine and I'm going to package it.

0:46.6

Actually the wineries will bottle it in bottles that have the Cameron Hughes label on them with a lot number.

0:54.0

So you're not, so what Cameron Hughes can do then is sell the wine to you at a dramatically

0:59.8

lower price than these real high-end beautiful extraordinary boutique wineries are

1:04.3

selling some of the world's best wines at. He can sell it to you at a much lower

1:07.0

price because he's not degrading their brand essentially by discount because these

1:12.0

are wineries that would never

1:13.0

never imagine discounting their wines.

1:14.8

They're so good, they're so in demand.

1:16.6

And Cameron Hughes has picked this stuff up and so you buy it with a lot number like

1:20.8

lot 633, this great reasoning reasoning or what Louise and I had last

...

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