WEATHER
East Oregonian
Page 2A
REGIONAL CITIES
Forecast
SATURDAY
TODAY
SUNDAY
Partly sunny and
cool
Sunshine mixing
with some clouds
58° 36°
64° 49°
MONDAY
Some sun with a
shower; breezy
Today
TUESDAY
Intervals of clouds
and sunshine
A blend of sun and
clouds
PENDLETON TEMPERATURE FORECAST
62° 39°
62° 46°
67° 47°
HERMISTON TEMPERATURE FORECAST
68° 51°
65° 38°
PENDLETON
through 3 p.m. yesterday
TEMPERATURE
HIGH
LOW
54°
66°
95° (1926)
39°
41°
29° (1935)
PRECIPITATION
24 hours ending 3 p.m.
Month to date
Normal month to date
Year to date
Last year to date
Normal year to date
0.02"
1.93"
1.04"
8.20"
4.34"
5.00"
HERMISTON
through 3 p.m. yesterday
LOW
59°
68°
88° (1947)
0.04"
0.95"
0.78"
5.88"
2.98"
3.89"
SUN AND MOON
May 10
Bend
52/27
5:47 a.m.
7:59 p.m.
7:48 a.m.
10:53 p.m.
Last
New
May 18
Caldwell
58/34
Burns
53/24
Astoria
Baker City
Bend
Brookings
Burns
Enterprise
Eugene
Heppner
Hermiston
John Day
Klamath Falls
La Grande
Meacham
Medford
Newport
North Bend
Ontario
Pasco
Pendleton
Portland
Redmond
Salem
Spokane
Ukiah
Vancouver
Walla Walla
Yakima
Hi
56
53
52
60
53
48
59
56
65
53
55
54
52
64
55
58
61
67
58
60
56
60
56
51
58
61
67
Lo
40
26
27
44
24
27
36
32
38
30
28
31
28
39
40
42
36
36
36
40
25
38
38
27
38
41
35
NATIONAL WEATHER TODAY
Sat.
W
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Hi
56
61
64
62
61
57
66
64
68
63
65
63
60
73
56
62
67
69
64
62
64
64
59
60
63
66
66
Lo
46
36
38
47
36
37
45
45
51
41
36
42
41
46
46
47
43
48
49
47
36
45
43
40
47
50
44
Shown are noon positions of weather systems and precipitation. Temperature bands are highs for the day.
W
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WORLD CITIES
Today
Beijing
Hong Kong
Jerusalem
London
Mexico City
Moscow
Paris
Rome
Seoul
Sydney
Tokyo
Hi
89
77
74
57
82
47
57
62
68
68
65
Lo
56
71
51
44
57
43
38
43
47
54
54
Sat.
W
s
pc
s
pc
pc
r
sh
pc
pc
pc
pc
Hi
94
80
76
59
85
68
61
68
74
71
71
Lo
59
73
55
48
53
48
47
44
50
59
57
W
s
pc
s
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s
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pc
WINDS
Medford
64/39
PRECIPITATION
May 2
John Day
53/30
Ontario
61/36
43°
42°
28° (1970)
24 hours ending 3 p.m.
Month to date
Normal month to date
Year to date
Last year to date
Normal year to date
Sunrise today
Sunset tonight
Moonrise today
Moonset today
First
Full
Albany
59/35
Eugene
59/36
TEMPERATURE
Yesterday
Normals
Records
73° 46°
Spokane
Wenatchee
56/38
63/40
Tacoma
Moses
60/36
Lake
Pullman
Aberdeen Olympia
Yakima 65/36
53/36
57/39
60/36
67/35
Longview
Kennewick Walla Walla
58/38
61/41 Lewiston
67/38
Astoria
58/38
56/40
Portland
Enterprise
Hermiston
60/40
Pendleton 48/27
The Dalles 65/38
58/36
64/39
La Grande
Salem
54/31
60/38
Corvallis
60/38
HIGH
68° 47°
Seattle
60/43
ALMANAC
Yesterday
Normals
Records
68° 42°
Friday, April 28, 2017
(in mph)
Boardman
Pendleton
Klamath Falls
55/28
REGIONAL FORECAST
Eastern and Central Oregon: Cool today
with clouds and sun; a shower in spots in
the south. Mainly clear tonight.
Western Washington: Periods of clouds and
sunshine today. Patchy clouds tonight.
May 25
Saturday
SW 6-12
W 4-8
UV INDEX TODAY
Shown is today’s weather. Temperatures are today’s highs and tonight’s lows.
Coastal Oregon: Partly sunny today. Partly
cloudy tonight.
Today
WSW 7-14
W 7-14
Eastern Washington: A shower today;
partly sunny in the north, across the south
and toward the Cascades.
Cascades: Clouds and sun today; a shower
in spots across the north. Mainly clear
tonight; cold.
Northern California: Mostly sunny today;
unseasonably cold in the interior mountains.
Clear tonight; cold.
1
4
6
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1
8 a.m. 10 a.m. Noon 2 p.m. 4 p.m. 6 p.m.
0-2, Low
3-5, Moderate 6-7, High;
8-10, Very High;
11+, Extreme
The higher the AccuWeather.com UV Index™ num-
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-10s
showers t-storms
SALEM — A proposal to expand
allowable activities for cider businesses
on farmland is sailing through the
Oregon legislature with minimal oppo-
sition.
Imitating rules established for
wineries, Senate Bill 677 would permit
cider businesses to produce and sell
their beverages, serve food and conduct
other agritourism activities on-site in
farm zones.
Companies generating less than
100,000 gallons of cider a year would
have to be within or next to an orchard
of at least 15 acres to take advantage of
the provisions.
The orchard size requirement would
increase to 40 acres for those businesses
producing more than 100,000 gallons
annually, under the bill.
earnings have traditionally
covered about 70 percent of
the system’s costs.
And therein lies the
problem.
Of late, the portfolio has
not been delivering that
number. And some members
of the Oregon Investment
Council and the PERS Board
think it’s unrealistically high.
Interest rates on bonds are
persistently low. Returns
from private equity funds,
historically the portfolio’s
turbocharger, have been
trending lower. And the stock
market is already at record
levels.
Over the past decade,
PERS returns have averaged
only 5.5 percent. Meanwhile,
public pension systems
around the country have
been lowering their return
expectations.
The PERS Board will vote
on a new assumed earnings
rate in July, and that decision
will be based, in large part,
on the guidance they receive
from the Oregon Investment
Council.
The potential implications
are substantial. If Oregon
follows in the footsteps
of California’s behemoth
pension fund, which recently
announced plans to lower its
assumed interest rate from
7.5 percent to 7 percent,
Albuquerque
Atlanta
Atlantic City
Baltimore
Billings
Birmingham
Boise
Boston
Charleston, SC
Charleston, WV
Chicago
Cleveland
Dallas
Denver
Detroit
El Paso
Fairbanks
Fargo
Honolulu
Houston
Indianapolis
Jacksonville
Kansas City
Las Vegas
Little Rock
Los Angeles
Hi
53
87
71
81
47
89
56
75
89
82
62
72
87
46
68
85
52
49
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91
69
94
65
72
80
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58
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42
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70
77
61
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Advertising Director: Marissa Williams
541-278-2669 • addirector@eastoregonian.com
Advertising Services: Laura Jensen
541-966-0806 • ljensen@eastoregonian.com
Multimedia Consultants:
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541-564-4538 • aworkman@eastoregonian.com
snow
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Sat.
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46
86
76
88
56
89
62
80
87
90
48
65
80
39
56
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54
56
79
87
77
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Louisville
Memphis
Miami
Milwaukee
Minneapolis
Nashville
New Orleans
New York City
Oklahoma City
Omaha
Philadelphia
Phoenix
Portland, ME
Providence
Raleigh
Rapid City
Reno
Sacramento
St. Louis
Salt Lake City
San Diego
San Francisco
Seattle
Tucson
Washington, DC
Wichita
Hi
80
82
89
56
52
83
86
80
78
46
82
87
68
75
86
44
58
74
72
47
74
69
60
85
84
72
Lo
68
70
79
39
35
67
74
62
56
38
63
58
50
57
69
25
36
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62
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Sat.
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88
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46
56
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86
82
57
46
87
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72
77
91
52
68
80
73
55
85
73
57
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50
Lo
71
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40
39
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58
40
38
63
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42
52
68
25
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Classified & Legal Advertising
1-800-962-2819 or 541-278-2678
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NEWS
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COMMERCIAL PRINTING
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541-215-0824 • mjensen@eastoregonian.com
should come down.
“The question is how
much,” she said.
Wednesday’s
meeting
turned
quite
technical,
with extended discussions
of things like alpha, beta,
selection risk, persistence
of returns, geometric versus
arithmetic means, observed
volatility, efficient frontiers,
and the covariance of asset
classes. But for all the
sophisticated
vocabulary,
predicting market returns is
not a science.
Indeed, each one of the
council’s outside consultants
develops a forecast of future
returns in various asset
classes — stocks, bonds, real
estate private equity — based
on their assumptions about
economic growth, corporate
earnings, inflation, current
market conditions, etc.
Live Music
40s
Weather (W): s-sunny, pc-partly cloudy, c-cloudy, sh-showers, t-thunderstorms, r-rain,
sf-snow flurries, sn-snow, i-ice.
commended SB 677’s supporters for
emulating existing land use provisions
for Oregon wineries, rather than trying
to create a whole new system for their
industry.
“There’s fewer unknowns here,”
Helm said.
Nobody spoke against the bill during
the committee hearing, but written testi-
mony submitted by the Oregon Farm
Bureau was unenthusiastic.
The
organization
wants
to
encourage Oregon’s cider industry
but is concerned “about the breadth
of activities authorized” under SB
677, much as it was concerned about
previously enacted rules for wineries,
said Mary Anne Nash, OFB’s public
policy counsel.
The proposal allows bed-and-break-
fast operations and other activities
“seemingly unrelated” to agriculture
in farm zones, without requiring cider
businesses to own the orchards, she said.
“This could result in the development
of a production facility and business
center that is not actually part of the
farm use on the property,” Nash said.
the system’s funding deficit
would grow from $22 billion
today to about $26.5 billion.
The required increase in
employers’
contributions
to dig out of the deficit is
limited in any one biennium.
But that increase in liabilities
would push many employers’
individual pension funded
status below an important
trigger point — 70 cents in
assets for every dollar in
liabilities — where bigger
rate increases are allowed to
protect the system’s financial
stability.
Rukaiyah Adams, the
chair of the council whose
day job is chief investment
officer of the Meyer Memo-
rial Trust, says she doesn’t
want to get into the business
of prescribing the number
that the PERS Board should
use, other than to say it
flurries
30s
NATIONAL CITIES
Oregon PERS panel debates expected investment returns
PORTLAND (AP) — The
citizen’s panel tasked with
overseeing Oregon’s public
pension fund investments
began a much-anticipated
debate Wednesday on how
much it can expect to earn
from those investments over
the next decade.
Sounds wonky. And it
was. But bureaucrats and
politicians throughout the
state are keeping tabs on the
outcome, as it could have
a major impact on their
budgets, on top of the painful
increase in pension costs
they are already facing.
As the system’s actuary is
fond of saying, the assumed
earnings rate is the Swiss
Army knife of the Public
Employees
Retirement
System. It’s the lynchpin
assumption used to calculate
the present value of its liabil-
ities, older members’ benefits
and, by association, the
contributions that govern-
ment employers must make
to the system. If you assume
pension investments will
earn less, employers need to
sock away more money now
to pay for future benefits.
PERS’ $71 billion invest-
ment portfolio is set up to
deliver that rate of return —
currently 7.5 percent — while
limiting risk to the extent
possible. And investment
rain
20s
Today
Oregon cider business bill progresses
By MATEUSZ PERKOWSKI
Capital Bureau
10s
Yesterday’s National Extremes: (for the 48 contiguous states)
High 96° in Fort Stockton, Texas
Low 14° in Hazen, N.D.
Single copy price:
$1 Tuesday through Friday, $1.50 Saturday
The Senate has unanimously
approved SB 677, and it’s now being
considered by the House Committee
on Economic Development and Trade,
which is expected to vote on it on May 3.
Cider businesses are similar to
wineries in terms of government regu-
lation and the process of crushing fruit
to make juice that’s then fermented into
alcohol, said Dan Lawrence, founder of
Stone Circle Cider near Estacada.
The goal of SB 677 is to provide
cider companies with the same oppor-
tunity to process and sell their product,
while educating consumers about how
it’s made, said Lawrence.
“Oregon is in a strong position to be
a leader, if not the leader, in this industry
nationwide,” he said. “It helps bring
dollars and jobs to the countryside.”
U.S. sales of cider surged more than
300 percent between 2010 and 2015,
to about $870 million, with Northwest
consumers being particularly keen for
the beverage, according to testimony
from the Northwest Cider Association,
which has 25 members in Oregon.
Rep. Ken Helm, D-Beaverton,
0s
National Summary: Showers will depart New England today. Severe storms and flood-
ing rain will commence from the central and southern Plains to the middle part of the
Mississippi Valley as snow falls on the central Rockies.
Copyright © 2017, EO Media Group
Proposal allows on-site
production, marketing
-0s
9:00
PM
Friday, April 28
ELWOOD
8 S . E . CO U RT, P E N D L E TO N • 5 4 1 . 278 .1 1 0 0
Corrections
The East Oregonian works hard to be accurate and
sincerely regrets any errors. If you notice a mistake in
the paper, please call 541-966-0818.
BRIEFLY
East Portland
parade canceled
after threat
PORTLAND (AP) — A
parade in a Portland
neighborhood has been
canceled because of an
anonymous threatening
e-mail.
Organizers of the 82nd
Avenue of the Roses Parade
earlier this week canceled
the parade out of safety
concerns.
The event was to
include marchers from
the Multnomah County
Republican Party. Two
groups, Oregon Students
Empowered and Direct
Action Alliance, had
planned protests for
Saturday.
The groups say they did
not send the threatening
e-mail.
The Direct Action
Alliance nonetheless says
it’s disappointed the local
GOP party had planned
to allow “a neo-Nazi hate
group march” with them in
the event.
The Multnomah County
Republican Party Chairman
James Buchal says
protesters are “delusional”
if they think party members
would march with “folks
carrying swastikas.”
The cancellation will not
impact the famous Rose
Parade in June.
Oregon youth
shelter apologizes
for rejecting
donation
GRANTS PASS, Ore.
(AP) — Representatives
from a Grants Pass youth
shelter have apologized for
their decision to turn down
proceeds from a concert
that featured a performance
by the Portland Gay Men’s
Chorus.
Hearts With A Mission,
which bills itself as a faith-
based organization, was to
receive nearly $3,000 from
the sold-out concert. But its
board rejected the donation,
saying it wanted to avoid
the controversy that might
arise from accepting the
money.
The Grants Pass Daily
Courier reports three board
members resigned after the
ensuing community uproar.
Remaining board members
issued a formal apology
Tuesday at the church
where the concert was held
last month.
Some city officials
questioned the shelter’s
decision to reject the money
at a time when they’ve been
asking for extra funding at
taxpayer expense.
The proceeds ended up
going to another nonprofit
that works with at-risk
youths.