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REGION: North America
TOPIC: Business & Economy
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The Business Desk with Paul Solman
Not a blog but a "q-and-a" (pronounced "quanda"), this page is about the basics of economics. Its premise: there are no stupid q's. And if some a's seem dim, take heart: I can brighten them up in response to objections, corrections, refinements. Comments on posts feature yours, and my responses. Enough of you now frequent and query the quanda that I post most every day. Haven't seen your q yet? Send it again. All a's should be taken with a shaker of sodium chloride, if not a Lot's-wife's-worth. And speaking of salt, the mustache and "hair" in the photo has a lot less of that condiment, and rather more pepper, than can be seen on TV. Think of it as time travel.

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I was surprised to hear that the Pabst brewery was razed. Do great American beers have any significant presence overseas?

Name: Mark
City & State: Shrewsbury Township, Pa.

Question/Comment: I was surprised to hear on your NewsHour piece that the Pabst brewery was razed. It made me think that in recent years a number of excellent American beers have been produced, some even better than highly touted foreign beers. Do these great American beers have any significant presence overseas?

Paul Solman: Depends what you mean by "significant presence." The U.S. imports about $3.5 billion dollars worth of a beer a year, rising at a rate of something like 15 percent a year. We export some $200 million worth, mainly to Canada and Mexico, from both of which we import vastly more.

The rate of beer export growth was around 4 percent (2005-2006). The balance of beer is, in a word, negative. The hop gap is widening. Maybe a staggering dollar will reverse the trend.

-- Posted December 5, 2007 | Comments ( ) | Permalink

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