Word: hoffmanned
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...Rocks NYC was produced in collaboration with Harvardwood, a non-profit organization for Harvard students, alumni, and staff interested in the arts, media, and entertainment. The festival was born during a panel on music and the economy held by the New York branch of Harvardwood last spring. Jared L. Hoffman ’84, president and CEO of Knitting Factory Entertainment, parent company of the legendary New York club of the same name was among the participants.Furst—who was one of the panelists—saw an opportunity to use Harvard’s biggest resource?...
...destabilizing roller-coaster ride. Some Chinese buy tea as an investment, much like Europeans buy wines. In the early part of the decade, thousands of cash-rich urbanites poured their savings into the Puer, causing prices to double, then triple. "People were buying anything," says David Lee Hoffman, a California collector. By 2007, the finest aged Puer was - quite literally - worth its weight in gold. As demand soared, however, quality suffered, fakes flooded the market and prices fell...
...Experts also have doubts that Chinese regulators can get enough control over the Puer market to build a premier brand. Beijing's standards only apply to domestic producers; competitors in Vietnam, Sri Lanka and Burma can continue to grow and sell their own "Puer" tea. Hoffman, the collector, predicts that fakes will persist and urges caution. "This has always been a buyer-beware market, and it will always be thus," he says.(Read "Will China's New Food-Safety Laws Work...
...Still, Hoffman is confident the industry can thrive - and he's put money on it. This fall, he plans to open a luxury tea shop in California that will be a gathering place for American aficionados and a showcase for his fine, aged Puers. "There is a lot of hype and marketing, but that doesn't interest me," he says. "I am only interested in taste." People have offered to buy his collection, but he's dismissed them in turn. He wouldn't trade it now, he says, not for all the tea in China...
...size of Reno, Nev., as if they were in a coffeehouse. A lot of the rock bands, meanwhile, were stoned out of their minds. (The Grateful Dead sound foggy, even for them.) At least the Who - so enchanted with the vibe that Pete Townshend bonked a speechifying Abbie Hoffman on the head and wrote "Won't Get Fooled Again" in the concert's wake - come off as professional. Not passionate, but professional...