first_imgWright Thompson sets out to answer that question in “Pappyland: A Story of Family, Fine Bourbon, and the Things That Last.” The book is a soulful journey that blends together biography, autobiography, philosophy, Kentucky history, the story of bourbon’s origins and an insider’s look at how the Van Winkle whiskey is made and marketed. The human ley-line running through all of this is Julian P. Van Winkle III, the grandson of Julian “Pappy” Van Winkle Sr., who opened the Stitzel-Weller Distillery just outside Louisville on Derby Day in 1935 and produced various brands until he died in 1965.“There was no way to separate the bourbon’s mythology from his personal history,” Thompson writes of Julian III. To get the story, the author spent part of three years following Van Winkle as he continued the family business he took over in 1981. Now made in partnership with the Buffalo Trace Distillery in Frankfort, his Pappy Van Winkle’s Family Reserve is a grandson’s liquid tribute to his ancestors. Thompson, an ESPN senior writer by way of Mississippi, comes off as the Boswell of bourbon country here — a keen literary observer and respectful fanboy with an obvious affection for his subject, even nicknaming him “Booze Yoda.” – Advertisement – “Pappyland” moves smoothly through the family lore with the subtle nuances of a well-aged bourbon; it has top notes of stoicism and melancholy and a lingering finish of pride, even when recounting the hard times. Everyone drinks a lot of really excellent whiskey and Thompson admits: “To be honest, it gets repetitive after a while, I know. I know.” But he soldiers on in order to thoroughly report what goes into each coveted bottle bearing the Van Winkle name. – Advertisement – – Advertisement – Although flecked with humor and lighthearted moments, “Pappyland” takes a critical approach to the corn-squeezing culture, busting up myth as needed to reveal lesser-known tidbits, like the fact that popular brands such as Elijah Craig and Evan Williams were actually created by Jewish distillers adept in marketing. Although it sometimes feels as if Thompson goes around the block (with a stop for pie and coffee) with some anecdotes, his ability to zoom in and out from the global to the personal level puts things in perspective, particularly with complex topics like the dynamics of the father-son relationship.Even beyond the playlist on a honky-tonk jukebox, the image of American whiskey is often linked with wistful memories and a high-lonesome longing for the past. As the novelist Walker Percy wrote in a 1975 essay for Esquire, “Bourbon does for me what the piece of cake did for Proust.” Thompson echoes this sentiment in his own way: “Vodka is for the skinny and Scotch is for the strivers and bourbon is for the homesick.”It’s no longer home to the family business, but Pappy Van Winkle’s original 1935 Stitzel-Weller Distillery is still there, now owned by a multinational beverage company and used as a tourist stop for the Bulleit Frontier Whiskey brand. A plaque bearing Pappy’s mantra remains on the grounds: “We make fine bourbon, at a profit if we can, at a loss if we must, but always fine bourbon.” As “Pappyland” makes clear, the profit and loss are part of life, and yes, the bourbon is always fine. PAPPYLANDA Story of Family, Fine Bourbon, and the Things That LastBy Wright ThompsonFor the dedicated whiskey connoisseur, getting a taste of Pappy Van Winkle’s Family Reserve bourbon is a Tolkien-worthy quest. With a small production run and a lengthy 15- to 23-year aging process that creates a limited-supply/high-demand situation, the spirit is decidedly elusive at its starting retail price of about $120. Bars that stock it can charge $75 a shot or more, and collectors’ sites list the whiskey for $5,000 a bottle. So, what is it about Pappy Van Winkle?- Advertisement –last_img read more

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first_imgState-owned Bank Mandiri has secured net profit growth in the first quarter as it strives to strengthen its digital channels amid the outbreak. The bank saw its net profit grow 9.44 percent year-on-year (yoy) to Rp 7.92 trillion (US$5.65 million) in the first three months, with a growth rate that was much higher than its peers. State-owned Bank Rakyat Indonesia (BRI) saw its net profit contract 0.3 percent in the first quarter to Rp 8.17 trillion, while Bank Tabungan Negara (BTN) recorded a 36.79 percent contraction, while Bank Negara Indonesia (BNI) booked 4.3 percent growth.The notable growth in Bank Mandiri’s net profit was supported by nearly 24 percent growth in its fee-based income to Rp 7.74 trillion and 9.05 percent increase in its net interest income to Rp 16.16 trillion.  “We are committed to maintaining business growth that is sustainable and consistent in giving better added value to our shareholders,” Bank Mandiri president director Royke Tumilaar said in a written statement published on Monday. Read also: Banks face uphill battle against pandemic following slow Q1 performance“At present, we continue to maintain the quality of our assets and business because this pandemic might have [adverse] impacts on business,” Royke added. The COVID-19 pandemic has forced businesses and offices to close to contain the coronavirus spread, weakening people’s purchasing power and loan repayment capacity, as well as disrupting business activity. Financial Services Authority (OJK) data show bad loan ratio or non-performing loans (NPL) stood at 2.77 percent in March, higher than 2.51 percent in the same period last year. At the same time, loan growth reached 7.95 percent yoy in the first quarter, higher than the 6.08 percent recorded at the end of last year, but no new loan demand was recorded in the period.Bank Mandiri reported 14.20 percent growth in loan disbursement to a total of Rp 902.7 trillion as of March. Meanwhile, its NPL hovered at 2.36 percent, a 0.32 percentage point decrease from March last year. At the same time, the bank’s third-party funds grew 13.72 percent to Rp 941.3 trillion. Read also: Indonesia remains favorable for global investors: Deutsche Bank“Bank Mandiri’s digital channels experienced exponential growth along with the changing of customers’ behavior in using those channels amid the pandemic,” the bank’s risk management director, Ahmad Siddik Badruddin, said during a livestreamed press conference on Monday.  The bank reported active users of its internet banking and mobile banking app, Mandiri Online, reached 3.6 million in the first quarter of the year, an increase of 62 percent from 2.2 million in the same period last year, with total transactions worth Rp 229.5 trillion, constituting a growth of 60 percent. “Bank Mandiri will continue to focus on the development of digital banking initiatives as customers shift to digital-based services,” corporate banking director Alexandra Askandar said in the press conference. Among several digital initiatives the bank has rolled out include Mandiri Online, an onboarding web service to facilitate the opening of bank accounts, and an open banking feature that enables third-party developers, such as e-wallet app Dana and e-commerce platform Tokopedia, to build services around the bank’s channels, Alexandra explained. Shares of Bank Mandiri, traded on the Indonesia Stock Exchange (IDX) under the code BMRI, increased 0.48 percent as of 11:33 a.m. on Tuesday. The stocks had fallen 32 percent so far this year, versus a 19 percent drop recorded by the IDX’s main gauge, the Jakarta Composite Index (JCI). Bank Mandiri also reported on Monday that it had restructured loans taken out by 323,000 borrowers worth around Rp 60.8 trillion as of May 29, following the OJK’s regulation to relax debt quality assessment and loan restructuring requirements for customers hit by the COVID-19 pandemic.Read also: Value of restructured loans in state banks reaches $15 billionApproximately 72 percent of the borrowers looking for the debt relief were micro, small and medium enterprises (MSMEs), with total restructured loans reaching Rp 25.6 trillion. “The management expects potential restructured loans amounting to more than Rp 200 trillion but Bank Mandiri might avoid the worst-case scenario if the government can limit the negative impacts of COVID-19,” Mirae Asset Sekuritas Indonesia analyst Lee Young-jun wrote in a research note on Tuesday.Provided the impact of COVID-19, the management has revised loan guidance from 8 to 10 percent to a slight contraction in 2020, Lee said, adding that Mirae expected it to stand at 3.9 percent yoy. “Despite solid and better-than-expected first quarter results, we remain cautious and downgrade our recommendation from ‘hold’ to ‘sell’, ’’ he added.Topics :last_img read more

first_imgThe Provincial Health Office of Aklanearlier recommended an indefinite suspension of the games following thenational government’s suggestion for people to avoid crowded places as aprecautionary measure against the 2019-nCoV. WVRA winners will represent WesternVisayas in the 2020 Palarong Pambansa in Marikina City, Metro Manila. ILOILO City – The deferment of theWestern Visayas Regional Athletic Association (WVRAA) Meet originally scheduledfrom Feb. 15 to 22 with Aklan province as host should not be viewed with alarmor dismay, according to the Department of Education (DepEd). These delegates come from elementaryand high schools of Aklan, Antique, Capiz, Guimaras, Iloilo, and NegrosOccidental. The new dates were agreed by all 20Schools Divisions during a regional management committee meeting, according toLea Belleza, DepEd regional information officer. “Let us take thepostponement positively. We will have more than enough time to prepare forthe WVRAA,” said Dr. Miguel Mac Aposin, Aklan Schools Division superintendent. Due to concerns over the 2019 novelcoronavirus (2019-nCoV), DepEd Region 6 rescheduled this year’s WVRAA to March(21 to 28). In approving the rescheduling, DepEdregional director Dr. Ma. Gemma Ledesma said, “We cannot afford to risk thesafety and health of almost 6,000 delegates which include athletes, coaches,technical officials, chaperones, and working committees.” “The playing venues and billetingquarters are ready but the safety of the athletesand sports officials is our top priority,” agreed Aposin./PNlast_img read more

first_imgZURICH, Switzerland (Reuters) – A proposal to create a two-division world soccer league for leading clubs is “far-fetched” and “insane”, UEFA president Aleksander Ceferin said in a statement on Friday.The Financial Times and New York Times have reported that discussions led by Real Madrid president Florentino Perez have taken place over the possibility of setting up the league featuring the world’s richest clubs split into two divisions.The FT has reported that CVC Capital Partners and Gianni Infantino, president of soccer’s world governing body FIFA, are among those approached by Perez about a new league.“I have read about this insane plan. If reports are to be believed, it comes from a single club president (not the owner) and a lone football administrator,” said Ceferin. “It would be hard to think of a more selfish and egotistical scheme.“It would clearly ruin football around the world; for the players, for the fans and for everyone connected with the game – all for the benefit of a tiny number of people.“Luckily, there is still too much common sense in the game for this kind of crazy notion to succeed. In fact, it is so far-fetched I cannot actually believe anyone has dreamed it up.”Last month, Real chief Perez was chosen as the first president of the newly-formed World Football Club Association, following a meeting hosted by FIFA president Gianni Infantino.The other founders were AC Milan, Auckland City, Boca Juniors, River Plate, America of Mexico, Guangzhou Evergrande and Congo’s TP Mazembe.FIFA and Real Madrid could not immediately be reached for comment.last_img read more

first_imgIn their final home game of the 2016-17 season, the University of Wisconsin women’s hockey team will take on ECAC’s Robert Morris University to secure their spot in the NCAA Frozen Four tournament.After a successful weekend in which the Badgers (31-2-4-0, 22-2-4-0 WCHA) took down the University of North Dakota and the University of Minnesota, Duluth to win the WCHA championship, Wisconsin gets to come home and continue their post-season play.Men’s basektball: Badgers face difficult test in preparation for the big danceAsk Nigel Hayes about the final standings of the Big Ten, and the University of Wisconsin men’s basketball senior forward Read…Moving from a best-of-three tournament style of play to a single-elimination game on Saturday means the Badgers have to be at the top of their game if they wish to get back to the Frozen Four.The Badgers have luck on their side since they are the top seed of the tournament, and they get to play this do-or-die game at LaBahn Arena. Wisconsin currently has a 15-1-2 record here at home, so defeating them is going to be a tough challenge.Wisconsin has only met RMU during the 2011-12 regular season. This will be the first time the Colonials (24-4-6, 15-3-2 ECAC) have ever made it this far in the NCAA tournament, so the Badgers’ experience will be a major advantage Saturday.The UW has tried for the last three years to not only make it back to the Frozen Four tournament but to make it past the semi-final round, in which the Badgers have always fallen to the University of Minnesota, Twin Cities and thus, ending their season.This year, things are changing for Wisconsin. Thanks to an impressive defeat by Duluth during the WCHA semi-final round, Minnesota does not gain home-ice advantage this tournament.Men’s hockey: Badgers look to take down Buckeyes in regular season finaleThe University of Wisconsin men’s hockey team will take on No. 15 Ohio State in the final series of regular Read…As luck would also have it, the Gophers will not only lose their home-ice advantage, but they will also have to play the Bulldogs in order to get through to the Frozen Four. The Gophers are 9-5-2 on the road, and they also sustained two of those losses to the Bulldogs earlier this season in Duluth.If, and it is a big if, Duluth manages to usurp their fellow Minnesotans this weekend, the Badgers might be able to break their Frozen Four semi-final curse. Wisconsin has a far better record against Duluth (3-1-1) than Minnesota (1-1-2) this season. Facing the Bulldogs in the Frozen Four semi-final round would be much more favorable for the Badgers than facing the Gophers.Before any of that can happen, the Badgers need to take care of the Colonials. The puck drops Saturday at 2 p.m. and fans can view the game on the Wisconsin Channel or 100.9 FM.last_img read more

first_imgThurles CBS are through to the All-Ireland Post Primary School final after running out 18 points to 1-12 winners over St Peter’s College Wexford this afternoon. At half time both sides were level with CBS scoring 0-12 points to St Peter’s 1-9.The Tipp school last won the Croke Cup in 2009 and they’ll play the winners of the second semi-final on Saturday between St Kieran’s College Kilkenny and Presentation College Athenry.  Thurles CBS manager John Devane was pleased with his side’s determination to come out on top.Raffaele Rocca was at the game for Tipp FM Sport.last_img read more

first_imgThe Clonmel man who’s won 2 caps for Ireland will join French side Pau where his ex teammates Cashel’s Paddy Butler, James Coughlan and Sean Dougall are already in place.The 28 year old second row will miss the rest of the season with a wrist injury.last_img

first_imgITTF AFRICAN CHAMPIONSHIPSNigeria’s Aruna Quadri and Egypt’s Dina Meshref have been seeded as top seeds as the singles event of the 2018 ITTF African Championships serves off on Friday September 7, 2018 in Mauritius.Action will return to the Beau Bassin Sports Complex after a one-day rest following the conclusion of the team event on Wednesday September 5 with Nigeria and Egypt picking the slots for Africa to the 2019 ITTF World Team Cup in Tokyo, Japan. In the absence of the defending champion – Egypt’s Omar Assar, Aruna Quadri was named the Number One seed and he will start his campaign from the second round (round of 32) after getting a bye from the first round.Also, as the second seed in the men’s singles, Egypt’s Ahmed Saleh also got a bye to the second round and the third seed is Egypt’s Mohammed El-Beiali who had a bye to the second round as well.Aside Meshref who got a bye to the second round, Nigeria’s Olufunke Oshonaike seeded number two also had a bye to the second round.Also the men and women doubles event will precede the kick-off of the singles event while the semifinal of the mixed doubles will hold as well on same day.It promises to be a busy day for all the teams as battle for the top spots in the remaining five events (doubles (men and women), singles (men and women) and mixed doubles continues at the championships.Apart from playing for pride, the players will be aiming to share from the $25,000 prize money set aside for the last four players in the remaining five events.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Aruna-Quadrilast_img read more

first_img Share StumbleUpon Cryptocurrencies may have taken a battering this year, but there are brighter times ahead according to Cashbet President Ed Brennan, who predicted that 2019 will be the year in which the concept achieves mainstream adoption for igaming.SBC: What movements and tech advances have defined crypto for igaming in 2018? EB: There were a lot of ICO’s in 2018. The challenge has been to turn these tokens into broadly useable means of exchange inside and outside of the industry – both as a bespoke gambling chip and a currency. In line with these advances, CashBet has been working to get our crypto tools deployed to enable the inevitable adoption of blockchain in the gaming vertical for the year ahead. SBC: This year we’ve seen the Malta Gaming Authority adopt its own sandbox framework; are any other countries doing the same?EB: Malta and Japan are leading the way by adopting blockchain, crypto and regulatory changes. The regulatory part is really the key enabler for everything else to happen. By creating a framework for all DLTs and blockchain based protocol, Malta is in effect creating a legal environment that can include everything underpinned by this technology; from ICOs to crypto assets to the regulation of crypto exchanges, all decentralised. The success of Malta is likely to influence key decisions made by EU lawmakers in 2019 as they do not yet have a framework in place. While Malta may not carry the same regulatory weight as the EU, which does not yet have a framework in place, Malta will serve as a fantastic example for the EU’s regulators and the rest of the world. SBC: What hurdles stand in the way for mainstream adoption of crypto in igaming in 2019? EB: There are still regulatory hurdles to clear. As markets become regulated, the adoption by players (and operators) in those markets increases exponentially. We are working very closely with multiple regulatory bodies to help them better understand how crypto works and how to better regulate it. We think this will yield the best regulatory in the long run. SBC: In terms of crypto adoption, where do you think we’ll be this time next year?EB: I think we will see several gaming companies become fully crypto-enabled on a global scale. One of the few hurdles left for crypto to go mainstream is regulatory adoption, and once that happens, the take-off will be unprecedented. We are currently working with several of the top gaming providers globally to bring our token into their igaming and land-based casinos and can tell you that there are some incredibly exciting developments lying ahead. Share Submitlast_img read more