{"id":1974124,"date":"2023-07-15T18:38:02","date_gmt":"2023-07-15T22:38:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-economy-pandemic-forces-americas-oldest-craft-brewer-to-close\/"},"modified":"2023-07-15T18:39:22","modified_gmt":"2023-07-15T22:39:22","slug":"bidens-economy-pandemic-forces-americas-oldest-craft-brewer-to-close","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-economy-pandemic-forces-americas-oldest-craft-brewer-to-close\/","title":{"rendered":"Biden&#8217;s Economy and Pandemic Shutters Oldest Craft Brewer"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidens-economy-pandemic-forces-americas-oldest-craft-brewer-to-close%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1974124&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Oldest Craft Brewer in the US Forced to Close Amidst Challenging Times<\/h2>\n<p>The Anchor Brewing Company, founded in 1896, has sadly announced its closure due to the current economic conditions under President Joe Biden. This iconic craft brewer, known as the oldest in the United States, has fallen victim to the soaring inflation that has plagued the nation under the current administration.<\/p>\n<p>In a statement released this week, the company expressed its deep regret in having to make this difficult decision. The New York Times reported that the combination of skyrocketing inflation and other factors left Anchor Brewing Company with no choice but to cease operations.<\/p>\n<h3>A Perfect Storm of Challenges<\/h3>\n<p>While facing a decline in sales over the past decade, the company also cited a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-official-joe-rogan-beat-cancel-culture-in-2022\/\" title=\"It\u2019s Official: Joe Rogan Beat Cancel Culture In 2022\">highly competitive market<\/a>, the ongoing pandemic, and its location in San Francisco as contributing factors to its closure.<\/p>\n<p>Sam Singer, a spokesman for the company, explained that the pandemic dealt a significant blow to Anchor Brewing Company. With the majority of its sales coming from restaurants and bars, the closures across the country severely impacted their revenue.<\/p>\n<p>&#8220;The bottom line is that Anchor ran out of money, and it ran out of time,&#8221; Singer stated.<\/p>\n<p>Despite the unfortunate circumstances, the company showed compassion towards its employees by providing them with a two-month notice of the closure and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/alibabas-cloud-unit-to-cut-7-of-staff-bloomberg-news\/\" title=\"Alibaba's cloud division to reduce workforce by 7%, says Bloomberg.\">offering severance packages<\/a>.<\/p>\n<h3>A Rich History and a Phoenix Rising<\/h3>\n<p>The Anchor Brewing Company was established by German pioneer Gottlieb Brekle during the Gold Rush era, as reported by Axios. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-economy-pandemic-forces-americas-oldest-craft-brewer-to-close\/\" title=\"Biden's Economy and Pandemic Shutters Oldest Craft Brewer\">company faced numerous challenges<\/a> in its history, including the devastating earthquake that struck San Francisco in 1906.<\/p>\n<p>&#8220;San Francisco&#8217;s flag is a phoenix rising from the ashes, and Anchor has had many phoenix moments in its history,&#8221; Singer added. &#8220;But that&#8217;s out of our hands now. We can only hope for the best.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US&#8217; oldest craft brewer, Anchor Brewing Company, established in 1896, is compelled to shut down due to President Joe Biden&#8217;s unfavorable economic climate. In a recent statement, the company cited soaring inflation under the current administration as a significant factor, leaving them with no alternative.<\/p>\n","protected":false},"author":102,"featured_media":1974125,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1974124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1974124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1974124"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1974124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1974125"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1974124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1974124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1974124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}