The contest to become the host of the 2013 America's Cup is down to two finalists. According to the sailboat-happy Chronicle Valencia, Spain has dropped out, which leaves San Francisco and an "undisclosed Italian port" still in the running.

You'll remember that local gazillionaire Larry Ellison and his winning BMW Oracle Racing team get to decide the host city, so it might seem like a no-brainer to pick the home port of a team which is also sponsored by the Golden Gate Yacht Club. But there's always the chance they would rather not suffer any more verbal abuse of vehement anti-schooner-ist and outgoing supervisor Chris Daly.