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4A – Daily News – Wednesday, May 5, 2010 Commerce business As I reflect on my first Round- Up event experience my heart is filled with gratitude for the amazing resource the people of this commu- nity are to these events. The spirit of volunteerism among us is tremendous. The long dedicated hours to make each event special is quite remarkable. Highlights for me were the enthusiastic kick-off Cowboy Coffee event with the humor of Bill Cornelius. All of the activity on Rotary Chili Cook-off day was great. The Mixer at Reynold’s Ranch Supply had an incredible line-up of help from Chamber members and the Cattlemen — and women. Paul, Kit, their staff and so many banks, coordinated by Terry Rapply from Umpqua Bank, all worked together for a smooth, fun- filled evening. The Round-Up Parade was a wonder in itself. The hard work of Heidi Hite, Marie Bartlett, Betty Dale-Martin and the whole parade committee made the parade seem & effortless to pull off. I heard the Kiwanis Pancake Breakfast was delicious — somebody bring me a to–go box at the parade route next year. And of course the Rodeo — what a show. I can’t even begin to comprehend the work required to orchestrate those performances. My hat’s off to Dave Ramelli, the Round-Up directors, staff and the multitude of volun- teers. My family and friends and had a blast. Thanks to Shorty for bring- ing the Clydesdales. I appreciated the Red Bluff businesses that got into the spirit with great decorations. It really added a lot to the atmosphere of the Round-Up. I can’t mention all the events — I hope to get to more next year, but all I have heard are great things about your events in our community — Good job. Thank you Chamber President Kris Behrens, the board and mem- bers for your great effort for such a huge community celebration. I appreciate the effort of the volun- enterprise Thank you Red Bluff teers and organizations for making it all so special. The new marketing campaign championed by Kate Grissom, her marketing team and the Daily News kept the communi- ty informed about what was hap- pening, and what was going to hap- pen next. A special thank you to John Yin- gling for guiding me through my first Round-Up. Why was he always smiling when we reviewed “the list” of things that needed doing? I especially want to acknowledge and express my gratitude to my staff Heidi Hite and Elise Galvan for spinning so many plates at one time without a miscue — awesome. Red Bluff-Tehama County, you have a lot to be proud of and thank- ful for. The best part of the spirit of volunteerism here is that it is not just two weeks every year, but a lifestyle to be celebrated. Dave Gowan is executive vice president of the Red Bluff-Tehama County Chamber of Commerce. Inflation – The good and the bad Typically when we hear the word "inflation," a chill runs down our spines. As investors, we know that inflation eats away at returns and diminishes our purchasing power. But a modest, expected rise in the costs of goods and services isn’t all bad. When inflation begins to rise, it can be a sign that the economy is improving. Right now, we are in a very low inflationary envi- ronment. Labor Department figures for the first month of 2010 show that the Con- sumer Price Index (CPI) increased just 0.2 percent, led by higher fuel prices. But if you exclude energy and food, the CPI’s core index actually dropped 0.1 percent, a reflection of lower prices on things like new cars, clothing and shel- ter. So how does inflation affect your ability to earn, spend, invest and save? The following areas are impor- tant to watch: Your income People tend to complain about prices going up, but they often overlook the fact that their wages typically rise to keep pace. In a zero Body shop moves Red Bluff Auto Colli- sion has moved to a new location at 915 Madison St. The business is owned by Steve Mattingly and is open 8 a.m. to 5 p.m. inflation environment, you might be less likely to get a raise than you would when inflation is rising. For those collecting Social Security, a cost of living adjustment is pegged to the Consumer Price Index for Urban Wage Earners and Clerical Work- ers (CPI-W), which is a measure of inflation. When inflation is absent, there is no cost of living increase. Your savings Low inflation and low interest rates often go hand- in-hand. So, while the cost of living may remain steady, you might find it difficult to earn significant interest on cash you have in savings. This can be especially prob- lematic if you’re relying on fixed income. In that sce- nario, even if you withdraw from your accounts at a steady rate, your account balances will decrease at a faster pace because you’re earning less interest income than in the past. Your investments Your investments should always be viewed with inflation in mind. It’s the real rate of return which determines whether your wealth is increasing. For example, if inflation is at Free seminar five percent while your investments are earning only three percent, you are effectively losing two per- cent on those investments. Your debt Anyone with fixed debt pay- ments like many mortgages or stu- dent loans can benefit from ris- ing inflation, because incomes tend to increase while the debt payments remain the same. Howev- er, those with vari- able rates, like $11,400 for married couples filing jointly. The personal exemption for every taxpay- er, spouse and dependent will remain at $3,650. Your portfo- lio Alan Foley credit cards or adjustable- rate mortgages, will likely see their monthly payments rise as interest rates do in an inflationary environment. Your taxes Inflation impacts your tax bill. Normally, tax brackets are indexed to inflation. When inflation rises, many tax breaks fol- low — but most won’t increase this year. In 2010, the majority of taxpayers who don’t itemize will get the same standard deduc- tion they took in 2009 — $5,700 for individuals and BUSINESS BITS 866-382-7822. The Federal Technology Center presents a free semi- nar called "Government Subcontracting" 9 a.m. to noon May 6 at Shasta Col- lege, 1420 Butte St., Red- ding. Register at www.TheFTC.org or call Restructure Sharon Wilkes, CEO of Sunplay Pools and Ser- vices, formerly known as Mike’s Pool and More, has recently restructured the business to incorporate. Wilkes has attained her Sunday May 9th 9am-3pm Flower for all the Moms Omelet Station * Belgian Waffles * Baked Ham Plus many more breakfast items! Palomino Room Adults $16.00 Seniors (55+) $10.00 Kids 10 & under $8.00 Price includes tax reservations 527-5470 723 Main Street, Red Bluff CA Mothers Day Special at the If you’re con- cerned about safeguarding your portfolio against some of the negative effects of rising inflation, there are a few options you might con- sider, including: investing in Treasury Infla- tion Protected Securities, the values of which change with the Consumer Price Index; stocks, which have provided a good hedge against inflation; and hard assets like commodities. Consider speaking to a financial advisor about which investments might be appropriate for you. ___ Chamber welcomes irrigation business • New Member – The Corning Chamber of Com- merce welcomes new member: Lodi Irrigation, 2970 Hwy 99W, Corning, CA 96021. Phone: (530) 824-4508. • Car Show – We are really excited about the May Madness Corning Car Show coming up this weekend, May 7 and 8. The Friday night cruise will begin after registration between 5 and 5:30 p.m., and will proceed from the Transportation Center to Houghton Ave. It will continue up and down Solano between Houghton and Third Street until 6 p.m., when cars will be escorted to the Car Show Mixer at Corning Ford. There will be some new activities on Saturday that you will want to check out: Skateboard Exhibition and all-day skateboarding at the Park n Ride, Car Smash, a Cube Car, Motorcycle Slow Race and live music by Mill Creek Blues Band. The ever popular Burn Outs will be Saturday at 11 a.m. for the first round and the finals at 1 p.m. The Low Rider Hydraulic Show is also back and will take place at 10 a.m. The Pancake Breakfast at the Corning Fire Department Hall will be from 7 to 10 am. There will also be food and other vendors up and down Solano and the show cars will be parked by 10 a.m., for the "Show & Shine". The drawings will begin at noon at the announcer trailer in near Sixth Street on Solano, and the last prize to be given out will be the espresso patio set donated by Hatfield’s Hardware. It is on exhibit at Butte Community Bank and tickets are being sold there and at the Chamber office. Tickets are $1 or 6 for $5. T- shirts are still available at all the banks, US Bank, Pre- mierWest Bank, Bank of America and Butte Communi- ty Bank. They sell for $15 for small to XL and $17 for XXL and XXXL. • National Day of Prayer – noon, tomorrow May 6 in front of Corning’s City Hall by the flag pole, New Life Assembly is hosting the public prayer and invites all who are interested, to join together to pray for our nation, state and city. Alan Foley is a financial advisor and business financial advisor for Ameriprise Financial, 2150 Main St., Ste.8, and can be reached at 528-1328. license through the Contrac- tors State License Board in the swimming and spa industry. Sunplay, at 10 Damon Ave. in Red Bluff, joins an elite group of entities in this community working within guidelines for this industry. • Spaghetti Feed – 5 to 7 p.m. Saturday, May 8, the El Camino United Methodist Church will hold their Mt. Lassen Church Camp Inc. Annual Spaghetti Feed at the church, 8345 Hwy 99W in Gerber. The dinner includes spaghetti, bread, salad, beverage and dessert. Adult din- ners are $7 and children 12 and under, $4. Corning Air- port Rededication – 10 a.m., next Saturday, May 15 will be the Rededication of the Corning Airport. There will be other activities, including Learn to Fly Day where kids 8 to 17 can fly for free and learn about flying. There will be a pancake breakfast from 8 to 11 a.m. for $4. • Candidate’s Night – 7 p.m., on Monday, May 17 you will have an opportunity to get to know the candi- dates for the upcoming election in June. The Corning Chamber of Commerce and the Corning VFW will sponsor Candidate’s Night at the Veterans Memorial Hall. Each candidate (except those who are unopposed) will be given two minutes for an opening statement. There will be time for the audience to submit written questions that will be screened before submitted to the candidates by a moderator. Then each candidate will be given three minutes for a closing statement. Tables will be set up for candidate’s material and there will be an opportunity to visit with them after the meeting over coffee and cookies. ——— This column is prepared and submitted by the Corning Chamber of Commerce. 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