Privatization Hot Topic at NABCA

Dear Client:Just wrapped up the NABCA (National Alcohol Beverage Control Association, control state regulators) convention at the Biltmore in Phoenix. We like to call it Cops Gone Wild, but really it's a great opportunity to see friends old and new.The convention got kicked off with a panel of Bacardi USA chief John Esposito along with a rare sighting of a beer exec at NABCA, A-B chief Dave Peacock. Would they get into fisticuffs regarding tax equalization? Naw. John said what