Trump may have plans for Alaska, but not for its national monuments

Posted On Aug 24 2021 by

first_imgAlaska’s Energy Desk | Environment | Federal GovernmentTrump may have plans for Alaska, but not for its national monumentsApril 27, 2017 by Elizabeth Jenkins, Alaska’s Energy Desk – Juneau Share:Misty Fiords National Monument is known for its dramatic granite cliffs. Pictured is a view from Rudyerd Bay. (File photo by Leila Kheiry/KRBD)On Wednesday, President Donald Trump signed an executive order to consider scaling back some national monuments. The plans likely won’t affect Alaska, but the president still gave a shout out to the state in his speech.Audio Player Up/Down Arrow keys to increase or decrease volume.Alaska has five national monuments, mostly designated by President Jimmy Carter under the Antiquities Act, which gives the president the authority to protect lands quickly.Trump’s new directive asks the U.S. Secretary of the Interior to consider downsizing national monuments that are over 100,000 acres and created after 1996. That leaves Barack Obama’s land designations, like Bears Ears National Monument in Utah, up for review. One monument in Alaska, at least in part, could also be part of that review. The World War II Valor in the Pacific Monument extends from Hawaii and California — all the way to the Aleutian Chain. But those islands in Alaska are additionally protected as a wildlife refuge.Still, Trump mentioned Alaska in his speech on Wednesday. He praised the splendor and the beauty of the country’s natural resources and pointed to Sen. Lisa Murkowski, who chairs the energy and natural resources committee.“I can tell you the group that’s in here right now, they’re really doing the job. Isn’t that right, Lisa?” Trump said. “We’re going to take care of Alaska, too. Don’t worry about it.”Trump seemed to be referring to the executive order on reversing offshore drilling protections in the Arctic. He’s expected to sign that on Friday.Share this story:last_img read more

News / Kuehne + Nagel can boost overland services with acquisition of Jöbstl

Posted On Jul 4 2021 by

first_img Kuehne + Nagel has expanded its overland capabilities with the acquisition of Austrian SME Jöbstl.K+N said the move would benefit customers seeking capacity into Eastern Europe and groupage services.“By adding Jöbstl’s portfolio, we are able to offer more services to customers in the region, as well as further develop our overland network strategically,” said senior vice president for overland Europe Uwe Hott.“Transport operations, particularly connections to neighbouring countries will be further strengthened, while increasing frequency of departures and shortening lead-times.”Mr Hott said he expected SMEs to be a core beneficiary of the improved services. The acquisition has added to K+N’s 130+ overland connections in Europe.General manager for Austria Franz Braunsberger said Jöbstl was strongly rooted in its home country.“The family-owned company stands for reliability, flexibility and customer service with a personal touch – values that are also extremely important to Kuehne + Nagel.”No price was announced alongside news of the acquisition, which remains subject to approval by antitrust authorities.Managing director Christoph Jöbstl said he was pleased with the deal and the company’s integration into the K+N network.“Together we will be able to offer our customers an even wider range of services,” he added. “Combining our networks, we can build synergies and create room for growth that will benefit both our customers and employees.” By Alexander Whiteman 25/07/2019last_img read more

Valeant to pay former CEO Pearson $83,000 a month for consulting

Posted On Jun 23 2021 by

first_img @Pharmalot Leave this field empty if you’re human: “His whole arrangement was pretty significantly flawed from the beginning,” said Mark Reilly, managing director of The Overture Group, a compensation consulting firm. “It’s heavily weighted toward an aggressive stock-based plan. You could make an argument that it encouraged too much risk-taking.”Last week, Valeant released a new plan for executive compensation in an effort to blunt such criticism.“As for the consulting, it’s common to see that as a goodbye for a CEO,” Reilly continued. “Is he actually going to do any consulting? Those are questions the board should ask before putting it in place. But the change in his salary for this year is almost a retroactive salary increase. Given that they did that, I’m not really sure they had to do the consulting.”After the consulting deal expires in December 2017, the arrangement can be extended in one-month increments. In addition to the consulting fees, Valeant has also agreed to provide Pearson health, medical, and dental benefits, and an office in its Madison, N.J., building for up to two years. Please enter a valid email address. Valeant price hikes will pay for generous executive retention bonuses Besides the consulting work, Pearson is also scheduled to receive a $9 million severance payment within 60 days of his May 2 departure. Although he did not receive a salary last year and his bonus was reduced to $2 million, Pearson is being paid a $2 million annual salary for 2016, which means he can expect to receive about $700,000, according to a recently filed proxy statement (see page 49).Pearson also holds long-term deferred-stock awards that were valued at $140 million when they were granted. However, these only convert to Valeant shares if the stock achieves big gains by 2019 and 2020 over the base price of more than $140 a share when they were awarded. Recently, Valeant stock has been trading slightly above $28 a share.advertisement By Ed Silverman May 31, 2016 Reprints Privacy Policy How much is one month of advice from Michael Pearson worth? Valeant Pharmaceuticals is willing to pay more than $83,000.Valeant stock may have tanked and its growth strategy imploded during his final months running the beleaguered drug maker, but Pearson was just awarded a consulting contract that will pay him more than $583,000 through the end of this year and as much as $180,000 next year, or $15,000 a month, according to a filing with the US Securities and Exchange Commission. The fees will be pro-rated for partial months.The consulting services were listed in a letter that outlines his separation agreement, which was dated May 26, more than three weeks after his tenure as Valeant chief executive ended. He has since been replaced by former Perrigo Chief Executive Joe Papa.advertisement PharmalotValeant to pay former CEO Pearson $83,000 a month for consulting Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry.center_img Ed Silverman Tags executive payMichael PearsonValeant Pharmaceuticals [email protected] Newsletters Sign up for Pharmalot Your daily update on the drug industry. Former Valeant CEO Michael Pearson Canadian Press/Ryan Remiorz Related: To what extent the consulting fees may ignite protest is unclear. For now, the consulting contract pays less than $1 million, which is unlikely to grab the attention of most investors for more than a moment. But much like the $10.8 million in retention bonuses to be handed out to three executives by the end of this year, the funds were generated by a tactic that hinged on buying drugs and then jacking up prices by sky-high amounts.That approach made Valeant a Wall Street favorite thanks to the loans used to buy companies and medicines, and the resulting fast-paced revenue that fueled a rising stock price. Pearson famously espoused a view that R&D was an expensive and, therefore, unnecessary pursuit, a philosophy that suggested he was at the forefront of a new business model for much of the pharmaceutical industry.But his pronouncements later amounted to hubris as the maneuvering came crashing down last year amid consumer outrage and congressional scrutiny. There were also questions about accounting practices and clandestine dealings with a mail-order pharmacy. Papa has now inherited a company facing multiple federal and state investigations into pricing and accounting, among other issues.While some patients and, more recently, investors have not benefited, Pearson is faring better, although his compensation package has been criticized. About the Author Reprintslast_img read more

Norovirus outbreak confirmed among Republican convention staffers

Posted On Jun 23 2021 by

first_img Matt Rourke/AP By Sheila Kaplan July 20, 2016 Reprints Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day. HealthNorovirus outbreak confirmed among Republican convention staffers Health officials are now taking food histories from those who had fallen ill — and are staying at a resort hotel about an hour outside of Cleveland — to try to pinpoint the cause.“We’re asking, ‘What did you guys do? Did you do anything together before you came out?”’ Schade said.advertisement Public health authorities said Wednesday that testing has confirmed that about a dozen Republican convention staffers in Ohio had been struck by norovirus.Peter Schade, the Erie County health commissioner, said he met Wednesday morning with members of the group, who were part of the advance team for California’s delegation to the convention. Schade said investigators do not yet know how the staffers contracted the severe gastrointestinal bug, but they believe the chain of transmission started in California.“It came with them,” Schade said.advertisement Privacy Policy Please enter a valid email address.center_img A serious stomach bug: Norovirus costs billions of dollars of lost productivity Related: Jim Brulte, chairman of the California delegation, told STAT in an email Tuesday that the outbreak began when one of the staffers came down with a virus and infected her husband.Since it has been 36 hours since the last new case, Schade said, he is optimistic that the bug has been contained. Noroviruses cause violent bursts of vomiting and diarrhea. It’s highly contagious, and those who contract it typically experience symptoms for only one to three days; most people recover without medical care. Some victims, however, especially young children or the elderly, require treatment for dehydration.The Centers for Disease Control and Prevention says that noroviruses are the leading cause of illness and outbreaks from contaminated food in the US. Leave this field empty if you’re human: Tags noroviruspolicyviruseslast_img read more

RI is changing the meaning of “fiduciary duty”

Posted On Jun 18 2021 by

first_img Facebook LinkedIn Twitter University of Waterloo will teach sustainable financial management Leah Golob Related news For example, Jantzi said, it wasn’t many years ago that a fiduciary duty was considered the biggest obstacle to responsible investing, which considered environmental, social and governance (ESG) factors, because it seemed in conflict with the responsibility of protecting the bottom line.“When I think about impact investing, it highlights a continuing evolution of fiduciary duty,” Jantzi said. “Over the last 10 to 12 years, we have focused our attention on the [ESG] issues Canada will have on our portfolio. I believe that over the next 10, 12 or 15 years the conversation will shift into talking about the impact our portfolios have on the environment and on the social fabric in the communities in which we live and work.”Investment managers in the Netherlands, Scandinavia, Australia and Japan have a more progressive approach to this duty, as they have a responsibility to think about the future and the world into which their pension plan members will retire. Their responsibility is to ensure clients “can drink the water, breathe the air, and have strong access to social institutions,” Jantzi said.However, Jantzi noted, in Canada this idea of fiduciary duty has not advanced as far. But he does see it as remaining on the table.What Jantzi is seeing more of in Canada is the understanding that the investment industry is a steward of other people’s capital. And that means a longer-term investment focus, which requires looking at sustainability issues, which includes engaging by proxy voting.Jantzi cautioned against getting discouraged by the slow pace at which the retail investment space is moving in this direction. The baby boomers still hold the majority of the wealth and aren’t as interested in ESG investing as millennials are.It’s likely going to take a decade before the investment industry sees major growth in this area, particularly once the millennials receive their impending large wealth transfer. As studies show, 75% of those aged 35 and under are very interested in responsible investing. Keywords Responsible investingCompanies Responsible Investment Association The concept behind “fiduciary duty” is shifting from a legal term to an investment-related one, said Michael Jantzi, CEO of Amsterdam-based Sustainalytics, in his keynote speech at the Responsible Investment Association conference held in Toronto on Monday.In most jurisdictions, the concept of fiduciary duty will continue to evolve. “Fiduciary is not a static construct,” he said. Environmentalists press Bank of Canada to be more active on climate change CPP Investments launches sustainable energy group Share this article and your comments with peers on social media plant growing in savings coins solerf/123RFlast_img read more

Ex-Im Bank Secures US$10 Million Line of Credit for Importers

Posted On Jun 17 2021 by

first_imgRelatedEx-Im Bank Secures US$10 Million Line of Credit for Importers FacebookTwitterWhatsAppEmail Some 70 per cent of Jamaican importers of goods and raw materials from the United States, will benefit from a US$10 million line of credit, which has been secured by the Export-Import (Ex-Im) Bank of Jamaica, as the financial crisis in the US and around the world deepens.The facility, which is to become effective within the next two weeks, was obtained from the Sovereign Bank of Maryland in the United States, following weeks of due diligence and the determination that the rate of interest was favourable.This disclosure was made by Managing Director of the Ex-Im Bank, Pamela McLean, in an interview with JIS News, today (October 28).“The credit facility is the first such arrangement with Sovereign Bank and it is going to help our local importers of goods and raw materials from the United States. They will be able to pay suppliers up front and the transaction will be refinanced for 180 days, so they will get a credit period to pay us back,” she explained.“The interest is going to be variable, as the formula which they have adopted is going to be libor-based, which is currently about 4.5 per cent, plus 1.25 per cent for their charge, plus the US Ex-Im Bank charge, resulting in an all inclusive rate not exceeding 10 per cent per annum. Given that transactions are going to be for 180 days, the interest rate will be prorated at between 5 and 5.5 per cent for the 180 days,” Mrs. McLean added.Sovereign Bank, is one of the largest banks in the US North West and has over 750 banking offices in that country. At the end of September last year, they had assets of more than US$87 billion. Sovereign Bank also has an arrangement with the Ex-Im Bank of the US, through which the credit facility will be guaranteed.The new deal comes at a time when the fallout in the US sub-prime mortgage market has to begun to stifle the international credit market.Mrs. McLean noted that the intervention of the Ex-Im Bank, by securing the new line of credit, was therefore very timely.“They (Sovereign Bank) came to us and we discussed it. We were in fact scouting our marketplace to make sure that when we sign this arrangement with them, we would have takers for this line of credit, because the last thing you would want to do is to get into a line of credit and there are no takers. A vast majority of the local importing community source their supplies from the United States, so we followed up with Sovereign Bank. The good thing is that they are not asking for any Government of Jamaica guarantee; they are lending to the Ex-Im Bank on the strength of our own balance sheet,” the Managing Director pointed out.Mrs. McLean said that while the new facility primarily targets importers, given the mandate of the Ex-Im Bank and the critical role of exporters in growing the economy, the export sector would also benefit.“My mandate here is to help the export sector. I would expect that the persons who would be using this facility are those who are going to be importing their raw materials and spare parts, although this is not for machinery, which is for more medium to long term financing. This is a straight trade financing line. There is an offer on the table for a medium term financing for capital equipment and we are examining that proposal, but we are not ready yet to take that up. What we are looking at is the trade financing for 180 days,” she pointed out. Ex-Im Bank Secures US$10 Million Line of Credit for Importers UncategorizedOctober 29, 2008 RelatedEx-Im Bank Secures US$10 Million Line of Credit for Importerscenter_img RelatedEx-Im Bank Secures US$10 Million Line of Credit for Importers Advertisementslast_img read more

Justice System Under Severe Stress…PM Golding

Posted On Jun 17 2021 by

first_imgAdvertisements RelatedJustice System Under Severe Stress…PM Golding Justice System Under Severe Stress…PM Golding JusticeMay 27, 2009 RelatedJustice System Under Severe Stress…PM Goldingcenter_img RelatedJustice System Under Severe Stress…PM Golding FacebookTwitterWhatsAppEmail Prime Minister the Hon. Bruce Golding, in remarking on the stress on Jamaica’s justice system, noted that for last year alone, there were some 345,000 cases listed for the Resident Magistrates Courts. This does not include the numbers listed in the Supreme Court or the Court of Appeal. Of the total, some 90 percent involve criminal offences.Mr. Golding was speaking this morning (May 27) at the start of the Ministry of Justice Third International two-day Conference on restorative and community justice. He said “We have resource constraints as many countries do, but ours is particularly severe and so, over many years, we have not been able to invest and allocate the resources that are sufficient to maintain our justice system at a level that would be adequate to cope with the pressures imposed on it.”The Conference on restorative and community justice is now underway at the Knutsford Court Hotel in Kingston. It is based on the theme, ‘Transforming individual, family, community and country’ and is designed to train Justices of the Peace, institutional and community leaders in the move to establish Community Justice Tribunals in Jamaica.Mr. Golding noted that Restorative Justice sees crime as an act not so much against the state but against the individual and the community. The victim becomes the centre of the process; and it shifts the focus of the enquiry from that of asking which law was broken and what punishment should be meted out. The questions it now poses are: who has been harmed, who caused the harm and what the person who caused the harm can do to redress the wrong. “It is a completely different approach and it allows a process that is more rehabilitative,” Mr. Golding said.Prime Minister Bruce Golding plants a kiss on the cheek of Attorney General and Minister of Justice, Senator Dorothy Lightbourne, when he arrived at the Ministry of Justice’s Third International Conference on Restorative and Community Justice, held at the Knutsford Court Hotel, in New Kingston, on May 27.Justice Minister, Senator the Hon. Dorothy Lightbourne, in her remarks noted that traditionally our justice system is one of retribution, pinpointing blame and imposing fines. It does not address the concerns of the victims, the role of the witness or the role of community; and so people feel alienated, and this results in community retaliation and revenge. She said the theme of the conference underscores the Government’s commitment to the empowerment of communities and the advancement of the justice system.Mr. Golding welcomed the staging of the conference which is being supported by partners, the Canadian International Development Agency (CIDA) and the United Nations Development Programme (UNDP).He said part of the justice reform programme that the Minister of Justice had been mandated to pursue, is to improve the capacity of our judges, the physical facilities; to introduce technology to make the system more efficient and to develop and enhance the human resources, so that we can expand the capacity to handle matters.The conference brings together international and local partners to facilitate the cross fertilization of knowledge and skills that are necessary for the establishment of restorative and community justice tribunals.last_img read more

Spanish Ambassador says Diplomatic Week Encourages Cooperation

Posted On Jun 17 2021 by

first_imgSpanish Ambassador says Diplomatic Week Encourages Cooperation Foreign AffairsJanuary 29, 2010 RelatedSpanish Ambassador says Diplomatic Week Encourages Cooperation Advertisements FacebookTwitterWhatsAppEmail Spain’s Ambassador to Jamaica, His Excellency Jesus Silva, has said that the interdependence of countries has become so strong, that not even the most powerful countries can survive without the rest of the world.“We have seen it in the global crisis – something that was caused and took place in other countries immediately started spreading around the world and created a global financial meltdown for all countries,” Mr. Silva stated.He said that for small countries, like Jamaica, opportunities and the challenges are much easier to overcome, once they have a good international network.“This is what Diplomatic Week helps to encourage,” Ambassador Silva told JIS News.He described the Diplomatic Week initiative in Jamaica as “something quite unique”, noting that not many other countries have such an initiative and that some have tried to copy, but with less success.“It is a very intelligent initiative in terms of marketing and selling your country. Countries these days in the global world are not much different from companies. Jamaica being a country with a fair number of diplomatic missions, it gives foreign ambassadors the opportunity, in a very concentrated space of time to get to meet the main players of the country, the main leading personalities in government, and private sector, and get deep insight of what is going on and a very good image and knowledge of the country,” he explained.At the same time, on the Jamaican side, it is a very good opportunity to highlight the things that the country is interested to let other countries know, and to be better known in the wider international community, Mr. Silva stated.“It’s a very cost-effective exercise, because in a very short period of time, the country gets exposure internationally and foreign countries get to know Jamaica,” he remarked.Speaking to his own country’s relationship with Jamaica, Ambassador Silva says bilateral arrangements and relations between Jamaica and Spain have grown significantly, not only in quantity, but in quality.He noted that, up to between five and 10 years ago, the relationship was relatively limited, but that now the Spanish private sector has taken a leading role in developing a strong Spanish presence in Jamaica, with their investments which have an enormous impact, particularly in terms of employment.“This has also caused both governments to develop a very sophisticated network of political, legal relations, and cooperation relations. In the last years, we have certainly done a lot to improve that. We have had on the political level a very intense dialogue,” he noted, pointing to the dialogue between both Prime Ministers, and last year’s visit of the King and Queen of Spain.Ambassador Silva highlighted the many agreements that have been signed between both countries for a number of sectors.These include agreements having to do with double taxation, and the air traffic services agreement, and protection of investment agreements, among several others.“We have also slowly increased our cooperation level in terms of technical assistance, in terms of projects that we are funding in sectors such as agriculture, tourism, health. Certainly now it has become a very rich and sophisticated relationship,” he said.Now in his fifth year in Jamaica, Ambassador Silva says this year, there will be more concretization of projects that have been in preparation during the last year. He said both countries are looking forward to, in terms of political relations, the EU Latin American Caribbean Summit of Heads and States and Government, which will be hosted in Spain.“We are expecting a visit of the Prime Minister for this purpose and we hope also that it will give opportunities for contacts not only with government, but also with the private sector and civil society in general,” he said.On the cooperation side, he said, the Spanish government will be seeking to continue projects across sectors, such assistance for the continued development of the Spanish Town Hospital; restoration works for Spanish Town Square; training of persons in the agricultural sector with the establishment of the Centre of Excellence; and collaboration for the tourism hospitality school in Montego Bay.Organised by the Ministry of Foreign Affairs and Foreign Trade, the week, which is in its 12th year, provides a framework for updating the diplomats on Government policies and programmes, as well as an opportunity for dialogue and feedback on areas of mutual interest. Some 23 overseas based diplomats are participating, along with 33 of their locally posted colleagues.center_img RelatedSpanish Ambassador says Diplomatic Week Encourages Cooperation RelatedSpanish Ambassador says Diplomatic Week Encourages Cooperationlast_img read more

Job Recruiting Up At CU-Boulder In Spite Of Lagging State Economy

Posted On Jun 14 2021 by

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Recruiting is up slightly for graduating students at the University of Colorado at Boulder, and career counselors are urging students to ignore the lagging Colorado economy and aggressively pursue jobs. Complete on-campus recruiting statistics will not be available until the recruiting season ends in May, but officials expect to record a 10 percent increase from last year if current volume continues. “This is exciting for the career services staff, who have worked hard to develop new opportunities for students in a difficult economy,” said Lisa Severy, director of CU-Boulder’s Career Services office. A difficult job market and lagging economy can have a prolonged ripple effect in college recruiting, according to Severy. “Students hear and read about the lack of opportunities, so they become reluctant to participate in the process and do what they can to avoid the market. This becomes a self-fulfilling prophecy in that they do not put the effort into career development and, therefore, get the disappointing results predicted,” she said. “Now that the new graduate job market is showing signs of improvement, we hope that students will get excited about engaging in the process.” U.S. employment rose in March at the fastest pace in nearly four years, according to the Federal Government. Severy said that while more companies across the country are looking for new graduates, job market improvement within Colorado has been slower. “We are cautiously optimistic that the number and diversity of opportunities for our new graduates will continue to increase. Our career fairs and on-campus recruiting have been very active this semester and students are doing quite well,” she said. Teachers remain in demand, according to Severy, particularly in rural and urban areas. “There are shortages in Colorado for math and science teachers. Recruiters are also looking to diversify their faculties with male and minority teachers,” she said, adding that bilingual and special education teachers are needed in many areas. “Quite an incredible teacher shortage is anticipated in the coming years as more people retire and student populations continue to increase,” Severy said. Students graduating with degrees relating to computers should find many opportunities, according to Severy. “That’s an industry that’s always going to continue growing because so many other professions tend to depend on computer support.” Engineering students have enjoyed an internship market that has warmed up in the last six months, according to CU-Boulder career services counselor Wendy Winter. Winter helps juniors and graduate students find engineering internships that often turn into jobs. “When full-time positions become available, many companies will hire their own interns,” she said. Improvements in the tech industry have fueled some recovery from tight job markets in the recent past, according to Winter. “Companies that hadn’t been hiring in years are now hiring.” “International engineering students are probably having the hardest time, though,” she said. “Companies have taken away visa sponsorships.” Mary Banks, director of career development for CU-Boulder’s Leeds School of Business, said many business students have found jobs or internships in Denver and on the East Coast. “It is a very good year for the undergraduate investment banking students,” Banks said. “Average starting salaries for them were about $55,000 in New York and San Francisco and $46,300 in other areas.” MBA graduates are faring well in the internship search, Banks said. “We’re getting lots of calls from companies. We wish we had more in the area of operations, but finance and marketing are doing well,” she said. Every major has students who are very successful and have to decide between multiple offers but there also are students in highly marketable degree programs who struggle, according to Severy. “When we survey employers, we know that they are attracted to students from CU-Boulder for numerous reasons, including the strength and quality of our academic programs, the work-related experience students bring to the table and interpersonal skills that will help them to be successful in various settings,” she said. “The best advice I can give students is to take advantage of the resources here at CU-Boulder, including faculty and Career Services, and to prepare to take advantage when opportunity knocks.” For more information about CU-Boulder Career Services, visit . Published: April 11, 2004 last_img read more

Kim McPherson: Pioneer and Standard-Bearer of Texas Wine

Posted On Jun 13 2021 by

first_imgPinterest Linkedin TAGSAndrew ChalkKim McPhersonMcPherson CellarspeopleWine’s Most Inspiring People Facebook Share ReddIt Email Home Wine Business Editorial Kim McPherson: Pioneer and Standard-Bearer of Texas WineWine Business EditorialKim McPherson: Pioneer and Standard-Bearer of Texas WineBy Editor – January 20, 2021 1045 4 Twitter Advertisementby Andrew ChalkWine’s Most Inspiring People 2021There are few people better known in the Texas wine industry than Kim McPherson. Winemaker at his eponymous winery, McPherson Cellars, consultant, collaborator with Dave Phinney on the widely distributed ‘TX’ member of the ‘Locations’ series of wines (later bought by E&J Gallo), James Beard award double semi-finalist, mentor and muse to at least two generations of Texas winemakers. Now in his late 60s, it seemed like a good time to do a career appraisal. However, I found he was showing no signs of slowing down. As I sat down he was reading a review that a friend had forwarded of his ‘EVS Windblown’ wine in The Washington Post (which rated it as “extraordinary/sublime’’). College and Early CareerHe graduated from Texas Tech in 1976 with a degree in food science and went to California where he met his wife, Sylvia. His father was sending him to the University of California, Davis to study oenology. Back then Napa was in its first post-prohibition ascendancy. The 1976 Judgement of Paris had put the region on the map and the atmosphere was palpably electric. McPherson’s classmates included such luminaries as Randall Grahm, Dan Seghesio, Bruce Cakebread, and Doug Shafer. Working for the ‘The Man’Post-Davis, he stepped into the breach at Llano Estacado when the winemaker left. Next up was Texas Vineyards in Bonham. It went bankrupt. There was a brief stint at the ill-fated Teysha in Lubbock. Then to California where he made a 350-case Chardonnay in Santa Maria at the Central Coast Wine Warehouse. Dan Berger, wine reviewer for the LA Times, made it ‘Wine of The Week’ and “I sold all of it in about an hour and a half’”he recalls. “Chardonnay, if you have nice fruit, is really easy to make.”Winemaking team: Kim McPherson, Juan Rangel, Jaime Arredondo, Spenser Igo (Assistant Winemaker)The Origin of McPherson CellarsFate intervened again. The bank holding the note on Teysha was run by a man named Alan White, who Kim grew up over the street from. He got Kim to take over winemaking at Cap Rock Winery (as Teysha became known). He offered a good salary “he put my daughters through college through the Texas Tomorrow Fund,” says McPherson, and White agreed to let him have his own label. Everything was hunky dory until the banking regulators came in and were puzzled that the bank had, as one of its assets, a winery. It was sold and the buyers proceeded to sell off the assets. McPherson saw the writing on the wall and started his own label. The wine was in Cap Rock’s tanks and had to be moved. Greg Bruni, winemaker at Llano Estacado Winery, offered tank space. “That was very gracious of him,” says McPherson who was able to eventually get the stored wine bottled and sold. He had finally sold wine with his own label on.McPherson needed his own space. He settled on his current downtown Lubbock building, an ex-Coke bottling plant. He ran it on a shoestring budget with outside tanks and Kim and two employees did all the engineering, including insulating tanks and welding their own catwalks. ConsultingMcPherson’s list of consulting clients reads like a who’s who of Texas wineries. In addition, two large contracts for national brands have preoccupied McPherson in recent years.The Federalist, was a Terlato Wines brand. He used to do the Texas wine in the line. He loved working with Terlato but the passing of Tony Terlato last year has put the future in doubt. McPherson makes Locations TX from Texas Rhône grape varieties. When E&J Gallo purchased the brand in 2018 Kim waited for the inevitable contract cancellation. Instead Gallo asked him if he could up to 30,000 cases (from 2,700). That one brand would be more wine than made by all but half a dozen Texas wineries. Nowadays, Locations is by far the biggest single national presence of any Texas wine brand. He sees Locations as very important for the whole state. “That’s a big thing for Texas. It’s not about me. It’s about showing that you can make wine in this state that’s good, and can be a national product, with the fruit we have. It’s the tide that will raise all boats…but I don’t know if people get it.” HeroesAmong winemakers: Tony Soter and Robert Vraig who consulted at Cap Rock. Randall Grahm helped him take on new varieties. Dr. Richard (Dick) Peterson. Gallo enologist. Dave Phinney, Dave Ramey. and Dawnine Dyer at Domaine Chandon.Non winemakers: Freddie Franzia. He got a lot of people to drink wine. Jim Tresize for his advocacy for the industry. His professors at Davis who taught California so much about winemaking. His Dad, who started the modern Texas wine industry with Bob Reed. Winemaking PhilosophyVarietals: What varietals does he think work best in Texas? Sangiovese is his number one. Others are Carignan, Grenache, Mourvèdre, Petit Sirah, Cinsault, Alicante Bouchet and Tempranillo. The whites: Viognier, Roussanne, Marsanne, Picpoul, Grenache Blanc.Stylistic preferences: To make wines that are ready to drink.Oak: Gentle use, and always French. He induces a lot of the flavor in his white wines using lees stirring. Yeasts: Mainly cultured yeast.Organic Grapes: No organic growers in the sense of being certified. Fruit must be irrigated. He is impressed with the quality of Texas growers. Biodynamic farming: If you proposed a High Plains farmer fill a cow’s horn with preparation 500 you would likely be shot. Filtration: Everything should be sterile-bottled. Cryomaceration: Not used.Floatation: Loves this technique for clarity in white wines. Flash détente: Not used.Microxygenation: Used occasionally. Cellar adjustments (sugar, acid): Never sugar but hot climate fruit can need acid.Press wine: Only adds back 10%-15%.Blending: He is a big fan. What defines the taste of a Kim McPherson wine? “Varietal correctness. An old-world feel. Tony Soter taught me this. Maintain consistency, consistently.”StudentsThree students did extended apprenticeships at the winery over the years. Kyle Johnson, Tony Offil, and David Mueller. All recall their time fondly, the knowledge they acquired and Kim’s lively personality.Summing UpTony Soter emphasised to Kim the importance of consistency. That is the first thing I think of when I think of Kim McPherson wines. They are consistent. Not just in being the same over vintages, but in everything he releases being consistently a good, indeed formidable, example of its type. Advertisement Previous articleAfternoon Brief, January 19thNext articleWhy a Leading Central Coast Vineyard Is Transitioning to Organic Production Editorlast_img read more