Wall Street is full of the young and the jobless

[kazukirai]

But we must not forget - in some countries wine is cheaper than water!

My guess is that's quite difficult for champagne. Champagne producers very cleverly used legalese to create a halo effect and prevent other sparkling wine producers from competing with them.

Unless the writer used the term very loosely to describe sparkling wine.

Champagne appellation law only allows grapes grown according to appellation rules in specifically designated plots within the appellation to be used in the production of Champagne. Through international treaty, national law or quality-control/consumer protection related local regulations, most countries limit the use of the term to only those wines that come from the Champagne appellation. In Europe, this principle is enshrined in the European Union by Protected Designation of Origin (PDO) status. Other countries, such as the United States, maintain a legal structure that allows domestic producers of sparkling wine to use the term "Champagne" under limited circumstances.[3] The majority[citation needed] of US-produced sparkling wines do not use the term "champagne" on their labels and some states, such as Oregon, ban producers in their states from using the term.[4]