BoE’s Cunliffe anticipates ‘great deal of pain’ for financial sector

first_img“That’s a level of inactivity in the jobs market we haven’t seen, possibly ever.” Speaking in an online discussion at the CogX technology conference, he said: “We’ve seen activity across the economy collapse, and we’ve seen a rapid rise in inactivity among workers – both people being made unemployed, but importantly… 8m people underemployed due to furlough schemes”. Cunliffe also said negative interest rates were a possible tool the BoE might use to support demand. He said the Monetary Policy Committee “will want to think about the impact negative rates would have on the UK financial system.” The initial shock of the pandemic to the financial system may have passed but another abrupt repricing of risk is possible, according to the Bank of England’s (BoE) deputy governor. Get the news as it happens by following City A.M. on Twitter.  Angharad Carrick whatsapp Also Read: BoE’s Cunliffe anticipates ‘great deal of pain’ for financial sector BoE’s Cunliffe anticipates ‘great deal of pain’ for financial sector Since the start of the coronavirus outbreak, the BoE has slashed its main rate to a record low of 0.1 per cent, prompting questions about whether it will cut into negative territory to stimulate the economy further. Also Read: BoE’s Cunliffe anticipates ‘great deal of pain’ for financial sector center_img Tuesday 9 June 2020 4:46 pm Last week the bank’s chief economist said it was nowhere near close to any decision on taking interest rates below zero to cope with the pandemic. Andy Haldane said the key factors for the BoE to consider were the consequences of negative rates for banks and lenders, which would squeeze margins. However, he added: “The Covid crisis is very far from over. The depth and length of its economic impact remain very uncertain: it is clear that there is likely to be a great deal of pain for the financial sector”. “The first phase – the initial shock and adjustment to a far more challenging economic outlook in the near term – has passed,” Sir Jon Cunliffe told an Investment Association online event. whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnyzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMisterStoryWoman files for divorce after seeing this photoMisterStoryBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFacts Yesterday Haldane warned that the UK is facing what appears to be a record level of inactivity in its labour market. Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comlast_img read more

Glencore pulls FTSE up on back of debt scheme – London Report

first_img Share Glencore pulls FTSE up on back of debt scheme – London Report Express KCS Show Comments ▼ whatsapp Tuesday 8 September 2015 5:26 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMoguldom NationFather Of 2 Sues Los Angeles Hospital After Wife Dies During ChildbirthMoguldom NationComedyAbandoned Submarines Floating Around the WorldComedyMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror whatsapp Tags: Company FTSE 100 BRITAIN’S top share index rose yesterday, led into positive territory by Glencore after the mining and commodities trading firm announced a plan to cut billions of dollars in debt in the face of weakening metals prices.The FTSE 100 was up 31.60 points, or 0.5 per cent, at 6,074.52 points at the close, rallying after a 2.4 per cent fall on Friday.Glencore rose seven per cent after it said it will suspend dividends, sell assets and raise $2.5bn (£1.65bn) in a new share issue as it aims to cut its debt by a third to $20bn by the end of next year.It also plans to shut down loss-making mines to help reduce a glut of supply that has weighed on prices.Glencore’s share price has suffered, hitting an all-time low in the previous session, as the price of copper and coal has slid to more than six-year lows, but brokers welcomed the move to cut debt and production.“There has been plenty of broker support for Glencore today, so generally miners are… probably in a slightly better place unless the market takes another tumble,” said Zeg Choudhry, managing director of Lontrad.Glencore was upgraded to “neutral” from “underperform” by Bank of America Merill Lynch following the miner’s announcement.Other miners also rallied, with Antofagasta up 7.5 per cent and Anglo American up 1.4 per cent.In all, the mining sector rose 2.1 per cent, with the price of copper supported as China’s top state planner said that some key economic indicators were improving.Publisher Pearson – which sold the Financial Times to Japan’s Nikkei in July for £844m – was up three per cent after two brokerages upgraded the stock, making it the top gainer on the E300 media index.The FTSE’s top faller was Standard Chartered, down 1.7 per cent, trading at six-year lows after the Sunday Times reported over the weekend that the bank could be the focus of new Iran sanctions busting-related fines.Associated British Foods, the company behind budget retailer Primark, dropped 0.8 per cent after a corporate update.Although it maintained its full-year earnings forecast yesterday, as progress at Primark helped to offset declines in its sugar unit, it said the strengthening pound would hit its results by more than previously expected. last_img read more

Four former FDA commissioners urge Congress to reject importing drugs

first_img Ed Silverman What’s included? Tags drug pricingSTAT+ Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. GET STARTED By Ed Silverman March 16, 2017 Reprints Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Four former FDA commissioners urge Congress to reject importing drugs Pharmalot [email protected] center_img Log In | Learn More @Pharmalot About the Author Reprints Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED John Moore/Getty Images What is it? As more lawmakers support importation in response to the rising cost of medicines, four former commissioners of the US Food and Drug Administration wrote an open letter to Congress on Thursday to warn that the idea is “a complex and risky approach.”The former agency heads argue that routine importation is “likely to harm patients and consumers and compromise the carefully constructed system that guards the safety of our nation’s medical products.” And they maintain that the ‘closed distribution system’ overseen by the FDA ensures that good manufacturing practices are followed and the quality of the supply chain is protected. STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.last_img read more

Remember the Game: Shanahoe win Laois minor ladies football title in 2004

first_img Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Remember the Game: Shanahoe win Laois minor ladies football title in 2004 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Facebook Shanahoe 5-7 Timahoe 3-102004 Laois Minor Ladies Football FinalShanahoe ladies football club were a coming force in the early part of the 2000s and that was very much evident on the first weekend of December in 2004 when they claimed a third minor title.They got the better of Timahoe in a high-scoring game in Ballyroan.Goals from Noreen Kirwan and Fiona O’Grady helped Shanahoe to a 2-6 to 1-4 lead at the break, Timahoe’s goal coming from Maggie Murphy.The impressive Jessie Curley and Shona Barry got goals for Timahoe in the second half as they staged an impressive comeback but Laura Dunne struck for two goals for Shanahoe and Lisa Dunne got one as they did just enough to win by three points in the end.After the game, Marie Hickey – who was then chairperson of Laois Ladies football and later went on to serve as LGFA national president – presented the cup to winning captain Martha Kirwan.Many of the players from both clubs would later go on to play senior with Laois – and Sarsfields would translate their underage success to adult level just two years later when they won their first and only senior title.SCORERS – Shanahoe: Laura Dunne 2-1, Noreen Kirwan 1-2, Lisa Dunne 1-1, Fiona O’Grady 1-1, Martha Kirwan 0-2. Timahoe: Jessie Curley 1-3, Maggie Murphy 1-2, Shona Barry 1-0, Aisling Quigley 0-2, Aoife McWey 0-1, Eimear McWey 0-1, Louise Delaney 0-1SHANAHOE: Tori Lynch; Miriam Harrison, Eimear Moynihan, Sinead Delaney; Marion O’Grady, Aoife Donohue, Niamh Fitzpatrick; Claire Sutton, Deirdre Moore; Noreen Kirwan, Lisa Dunne, Fiona O’Grady; Natasha Cuddy, Martha Kirwan, Laura Dunne. Subs: Orla Dwyer, Miriam Dalton, Claire Dwyer, Lorraine Hally, Mary Fitzpatrick, Jenny Corrigan, Kate Hyland, Orna Phelan, Emma Dollard, Maggie HoganTIMAHOE: Dephane Phelan; Kathryn Stapleton, Louise Delaney, Tara Delaney; Patricia Lalor, Grainne Dunne, Helen Quigley; Maggie Murphy, Jessie Curley; Aisling Quigley, Aoife McWey, Eimear McWey; Shona Barry, Anne Marie Kelly, Anne Marie Lowry. Subs: Sharon Corcoran, Danielle Tierney, Grace Tierney, Jenny Scully, Catherine Ramsbottom, Martina O’ConnorSEE ALSO – Check out more stories and photos from 2004 hereSEE ALSO – Books, hats and jerseys – LaoisToday store is now open! Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role GAA GAA By LaoisToday Reporter – 4th January 2020 RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter Facebook Twitter News WhatsApp Previous articleWATCH: 10 men sharing a bedroom with no windows – video footage shows cramped conditions of asylum seekers in LaoisNext articleLaois hurling team announced ahead of clash against Westmeath LaoisToday Reporter Pinterest Home We Are Laois Remember the Game Remember the Game: Shanahoe win Laois minor ladies football title in 2004 We Are LaoisRemember the Game TAGS2004Laois Ladies FootballShanahoeShanahoe v TimahoeTimahoe Pinterestlast_img read more

Primary Education Support Project Gets $650.37 Million

first_imgFacebookTwitterWhatsAppEmail The Government has set aside $650.37 million in the Estimates of Expenditure to fund the Primary Education Support Project for the 2008/09 financial year.As outlined in the Estimates, now before the House, the project, which is funded by the Government and the Inter-American Development Bank (IDB), seeks to contribute to the improved performance, efficiency and equity of the Primary Education System, through the effective implementation of the Revised Primary Curriculum and the national assessment standards in all primary schools.For the 2008/09 financial year, the project seeks to complete the delivery of literacy 1-2-3 materials to schools islandwide; continue the roll out of information technology to an additional 60 schools; complete technical assistance for the development of standards for the revised primary curriculum, and commence an audit and an end of project evaluation.Physical achievements up to January 2008 include the distribution to 800 schools, 34,000 copies of supplementary readers and six assessment training manuals to support the delivery of the revised curriculum; completed the rationalisation plan for the reform of teacher education and strategic plan for the tertiary sector and also developed instructional materials for literacy 1-2-3 programmes.Other achievements included the completion of baseline data; a State of Technology study; revision of teachers’ college primary curriculum; panel inspection; and a mid term project evaluation was completed. RelatedPrimary Education Support Project Gets $650.37 Million RelatedPrimary Education Support Project Gets $650.37 Million Primary Education Support Project Gets $650.37 Million UncategorizedMarch 30, 2008center_img Advertisements RelatedPrimary Education Support Project Gets $650.37 Millionlast_img read more

Air Jamaica Will Not Fade Away – Bartlett

first_imgFacebookTwitterWhatsAppEmail Tourism Minister, Edmund Bartlett, last night (Nov. 13) assured Jamaicans in London of the Government’s commitment to Air Jamaica, noting that the national carrier would not “fade away”.Responding to a newspaper story, which said that there was no clear plan for the future of the airline if the divestment process failed, Mr. Bartlett said Air Jamaica would remain an important part of the travel industry.“The headlines this morning gave a much distorted position as to Air Jamaica’s future and the impression given was that if the divestment was not completed in March, Air Jamaica would fade away. I just want that point to be clarified. This Government has absolutely no intention of having Air Jamaica not remaining an important part of the landscape of our travel industry,” Mr. Bartlett said.The Minister was speaking at the second of two community meetings hosted by the Jamaican High Commission during his visit to the United Kingdom this week, to lead Jamaica’s delegation to the World Travel Market trade show.“The point is that we have never enjoyed having to bear the burden of carrying the losses of Air Jamaica. The strategy therefore is to move towards removing Air Jamaica from the budget and to make it a viable concern on its own and that project is being driven by the need to divest a substantial portion of Air Jamaica. It may very well be that we may have to retain a portion of it, but the intention is to ensure that it is privately operated but it remains Air Jamaica, “he assured the large audience.Meanwhile, Air Jamaica’s Senior Director, George DeMacardo, reiterated that the decision to remove Air Jamaica from the London route was due to the heavy losses that could no longer be sustained.He gave the audience a glimmer of hope that the airline may some day return. “Is Air Jamaica ever going to come back to London? Never say never because it is not impossible,” he said. Advertisements RelatedAir Jamaica Will Not Fade Away – Bartlett Air Jamaica Will Not Fade Away – Bartlett UncategorizedNovember 15, 2008center_img RelatedAir Jamaica Will Not Fade Away – Bartlett RelatedAir Jamaica Will Not Fade Away – Bartlettlast_img read more

Innovation stems from sciences savvy women on boards

first_imgInnovation stems from sciences savvy women on boards The Australasian Institute of Mining and Metallurgy (AusIMM) has announced the recipients of the second round of Women on Boards Scholarships.The scholarships aim to increase the number of women with Science, Technology, Engineering and Mathematics (STEM) knowledge sitting on boards within the resources sector.The scholarship recipients:Laura Spelbrink, Senior Exploration Geologist at Sandfire ResourcesNerilee Rockman, V/President Legal, Environment & Supply Chain at AngloGold Ashanti AustraliaAmy Lamb, Head of Processing at MMG.With a boom in minerals exploration, record high-grade gold production at Victoria’s largest mine at Fosterville and the orderly restart of onshore conventional gas from July 2021, the leadership opportunities for women across the sector are promising.The September 2020 quarter saw a 31 per cent increase in year-on-year mineral exploration expenditure compared to the September 2019 quarter. Since September 2016, the average quarterly mineral exploration expenditure growth in Victoria has been 10 per cent- two times the average quarterly growth of the nation.Research shows diverse boards result in better outcomes and greater innovation. While the number of women on boards within the resources sector is increasing, women with technical industry skills remain underrepresented.The Women on Boards Scholarship program is a result of the Prospects Partnership, a collaboration between the Victorian Government and AusIMM focussed on retaining women with science and technical backgrounds in the resources sector.Quote attributable to Laura Spelbrink, scholarship recipient:“For many women, the path to senior leadership can be difficult to navigate and programs such as this equip participants with the skills, confidence and visibility to take a seat at the table.”Quote attributable to – Amy Lamb, scholarship recipient:“Programs like this help increase company diversity and promote innovation and growth.”Quote attributable to – Nerilee Rockman, scholarship recipient:“I am very grateful to the AusIMM and the Victorian Government for making such a scholarship available and deepening the pool of board-ready women, both in in the mining sector and more generally.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Earth Resources Victoria, Engineering, environment, exploration, Government, Laura, leadership, mathematics, participants, production, record high, scholarship, supply chain, technology, Victoria, womenlast_img read more

UK PM call with European Commission President 8 June 2021

first_imgUK PM call with European Commission President 8 June 2021 The Prime Minister spoke to European Commission President Ursula von der Leyen this afternoon, ahead of the G7 Summit.The leaders discussed how the Summit would be an important moment to show renewed G7 unity and to discuss how we can build back better globally after the pandemic.They agreed on the importance on making progress on issues such as tackling climate change and increasing access to education, in particular for girls, around the world.The Prime Minister and the President also spoke about the issues with the Northern Ireland Protocol. The Prime Minister set out that the UK is committed to finding practical solutions that protect the aims of the Belfast (Good Friday) Agreement and minimise the impact on the lives of people in Northern Ireland. He underlined the need for quick progress.The leaders looked forward to seeing each other in Cornwall later this week. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, climate change, Commission, education, Europe, european, G7, Government, Ireland, Minister, pandemic, PM, President, Prime Minister, the Summit, UK, UK Governmentlast_img read more

Staff Council Update: Creating resolutions and their role within campus shared governance

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail The Boulder Campus Staff Council (BCSC) addressed two issues with its latest resolution, BCSC 1303. We requested that senior campus administration seek a non-base building payment this year (i.e. FY13) for classified staff. Also, in the wake of the HB12-1321 Colorado State Personnel Modernization legislation (see the fact sheet) which took effect on Sept. 1 of this year and that permits individual Colorado departments such as CU to award base-building merit raises to classified staff, we requested that senior campus administration include such raises in the budget for FY14 (i.e. the year beginning July 2013.)BCSC 1303, the third resolution we have passed this fiscal year, is a good example of a “quick turnaround” resolution that was created and passed in only three weeks due to time constraints created by the 9/1/2012 statewide implementation of the legislation and also the November Board of Regents budget meeting. BCSC Co-chair Randi Viola took the lead on this resolution by researching House Bill 12-1321, asking the Dept. of Personnel Admin (DPA) for its feedback on the bill’s impact, obtaining feedback from other state higher education staff councils via the Statewide Liaison Council, and requesting the CU system-wide HR plan for implementation of the legislation. Once she completed her research and related activities, Randi drafted the initial resolution. The initial draft then went to BCSC’s Payroll, Benefits, Retirement, and Legislation (PBRL) Committee Co-chairs for help with editing and clarification of what we wanted to express in the resolution. From this group of three, the resolution went to BSC’s Executive Committee (i.e. officers and committee chairs) for a second round of discussion. The Executive Committee’s comments were incorporated into the resolution, and the final step was to send it to the full Council for additional comment. Comments were once again reviewed and incorporated into the resolution, which accounted for making the final vote nearly unanimous.The goal of resolution BCSC 1303 was to introduce Boulder Staff Council’s voice into the conversation that was happening among the State of Colorado’s Department Personnel and Administration, CU-Boulder administration, and CU’s Board of Regents regarding HB 12-1321. Our resolution was given to Boulder senior administration, the Chair of the CU Board of Regents, and our counterparts in the CU system-wide Staff Council (i.e. UCSC) and the Statewide Liaison Council. Our representatives have also discussed the resolution with CU’s Vice President of Human Resources Jill Pollock, CU-Boulder Vice Chancellor for Administration Louise Vale, and the Associate Vice Chancellor for Human Relations Candice Bowen.The resolution was emailed to all staff on Boulder Campus. In addition, our colleagues at other campuses are using the resolution as a conversation starter to determine what their course of action should be on the topic of both non-base building and base-building payments for classified staff.Boulder Campus Staff Council representatives to various campus committees follow-up on resolutions during our regularly scheduled meetings with senior administration. For example, we followed-up on our Tuition Benefit Resolution for 18 months before last April’s implementation by the university. The implementation was not all that we wanted, but we are continuing to work with Vice President Jill Pollock on improving the benefit.  Our resolutions average between 3 and 6 months to research, write, and pass the voting process, with our committees meeting on a monthly basis. Despite our full-time job responsibilities, Staff Council members carve out a few hours per week to BCSC projects.If you have an issue you would like BCSC to consider, email [email protected] or speak with one of our representatives. If you have the time, you can also work directly with BCSC on a particular issue or project; all of our committees are open to both OEP and Classified staff. You do not have to be a BCSC representative to serve on one of our committees. Published: Oct. 22, 2012 last_img read more

Reustle-Prayer Rock Vineyards “Best of Class”

first_imgLinkedin AdvertisementThe San Francisco Chronicle Wine Competition awarded Reustle-Prayer Rock Vineyards 2015 Grüner Veltliner “Best of Class” honors at this year’s competition. In addition to winning “Best of Class” five other Reustle-Prayer Rock Vineyards wines were awarded DOUBLE GOLD Medals (2015 Grüner Veltliner Reserve, 2015 Grüner Veltliner – Smaragd, 2014 Riesling, 2014 Syrah Reserve, and 2014 Pinot Noir Reserve), seven wines earned SILVER Medals (2015 Grenache 2014 Grüner Veltliner Reserve, 2014 Malbec, 2014 Pinot Noir, 2014 Syrah, 2014 Tempranillo, and 2014 Tempranillo Reserve), and another earned a BRONZE Medal (2014 Grüner Veltliner). All 14 wines entered by Reustle-Prayer Rock Vineyards received a medal. The San Francisco Chronicle Wine Competition is the largest American wine competition with over 6,800 entries from 28 states.Stephen M. Reustle, Owner/Winemaker of Reustle-Prayer Rock Vineyard stated, “This is one of the toughest wine competitions in the world, to be awarded a ‘Best of Class’ and this many DOUBLE GOLD Medals is heartwarming.”SDG. He continued to say, “Awards like this demonstrate that we are crafting world-class wines in the Umpqua Valley that compare favorably amongst the best wines in the world.”Winning a “Best of Class” in the first wine competition Reustle-Prayer Rock Vineyards entered in 2017 is a good start for Stephen M. Reustle and the staff of Reustle-Prayer Rock Vineyards. He says he can’t wait to see how the year progress as his wines normally compete better as the year unfolds.Reustle – Prayer Rock Vineyards2015 Six Nations Wine Challenge Top Syrah producer, Reustle – Prayer Rock Vineyards™, 2015 Terroir Award Recipient & 2010 Small Winery of the Year named by Riverside International Wine Competition, is 100% estate grown and produced from 40 acres of steep, hillside vineyards in Southern Oregon’s Umpqua Valley. Family owned and operated since 2001, Reustle – Prayer Rock Vineyards produces approximately 8,000 cases annually.Advertisement Pinterest Share ReddIt Email Home Industry News Releases Reustle-Prayer Rock Vineyards “Best of Class”Industry News ReleasesWine BusinessReustle-Prayer Rock Vineyards “Best of Class”By Press Release – January 16, 2017 92 0 Twitter Previous articleYealands Family Wines of New Zealand Wins Top Honors in BRIT’s 2017 International Award of Excellence in Sustainable Winegrowing CompetitionNext article$5.3 Million to Understand and Refine the Expression of Australian Shiraz Terroir Press Release Facebook TAGSConsumerReustle – Prayer Rock Vineyards last_img read more