Word: impaction
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...country now has surplus wine stocks that exceed an entire year of exports, and many grape growers simply left this year's crop on the vine rather than harvest it. In France, a massive support system subsidizes producers who can't sell their wine, and it is cushioning the impact somewhat. Even so, revenues and incomes overall have been dropping since 2002 - the first decline in decades - and many French producers are under pressure. The result is a growing stratification: good winemakers are investing heavily to get better; bad winemakers are facing the prospect of being squeezed...
...smoother. But now he's 57 and looking for an easier life. "I'm not having fun any longer," he says. "The competition is growing and that scared me. This crisis will last. It's a structural one. Nobody will get out safe and sound." The wine glut's impact is worldwide. In California, big grape growers and some wineries have gone into bankruptcy, including the Legacy Estate Group that owned prestigious brands such as Arrowood, Byron and Freemark Abbey. (The group was sold last month to a rival producer, Kendall-Jackson.) In South Africa, grape prices have dropped about...
...fellow Christina Martin, who hosted Gerson at her study group, said Gerson’s visit comes at a time of increasing interest in speechwriting. “Mike’s presence here at Harvard, speaking to students, is a real-life example of the impact one principled, passionate and persuasive person can have in public service,” she said. IOP Director Jeanne Shaheen said Gerson’s visit stands out from the constant stream of influential speakers coming through Harvard. “One of the things that makes [Gerson’s visit] very...
Terry said the ties minority representatives have to student ethnic groups on campus can positively impact the effectiveness of the UC, referencing his own experience planning Harvard’s 2005 Unite Against AIDS Summit...
Campillo said that a smaller council—the result of the elimination of the Campus Life Committee last spring—has had a negative impact on the number of minorities...