Issue link: https://www.epageflip.net/i/11583
Saturday, June 5, 2010 – Daily News – 3A Local Calendar To add an upcoming event in the Local Calendar, submit information well in advance to the Daily News, attention Calendar, P.O. Box 220, Red Bluff, 96080 or e-mail to clerk@redbluffdailynews.com.Include a contact name and telephone number. SATURDAY,JUNE 5 Red Bluff Emergency Preparedness Fair, 10 a.m.to 2 p.m., free, Red Bluff Community and Senior Center Tehama County Elections Office open, 10 a.m. to 3 p.m. for early voting, returning of vote by mail bal- lots, 633 Washington St. SUNDAY,JUNE 6 Corning Diabetes Education Classes, 5 p.m. St. Andrews Episcopal Church, 820 Marin St., 824-4979, free, Spanish and English. Evangelist services, 7 p.m., Family Bible Church, 609 Marin St., 824-9989 MONDAY,JUNE 7 Red Bluff Al-Anon, 6 p.m., Presbyterian Church, Jefferson and Hickory, additional meetings noon and 6 p.m. Wednesdays, 6 p.m.Fridays Head Injury Recreational Entity, 10 a.m., St. Eliz- abeth Community Hospital, Coyne Center, Rusty, 529- 2059 Key to Life, 6 p.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 Red Bluff Community Band Concerts in the Park, 8-9 p.m., Red Bluff River Park, 527-3486 Salvation Army Writing Class, 9:30 to 11 a.m., 940 Walnut Street , 527-8530. Sons in Retirement, 11:30 a.m., Elks Lodge, 529- 5700 Sun Country Quilters Community Service Group, 9 a.m.to 3 p.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 Corning Narcotics Anonymous, 7 p.m., 815 First St., 385- 1169 or 566-5270. Meetings are every day through Saturday with an additional meeting at noon Mondays Sewing class, 9 a.m., Family Resource Center, West and South streets, 824-7670 Spanish Adult Education, 5 p.m., Family Resource Center, West and South streets, 824-7670 Strategies for Success, Life Skill classes, 1:30 p.m., Family Resource Center, West and South streets, 824-7670 Los Molinos Senior Dance,7 p.m., Los Molinos Sr. Social Club, Senior Center, Josephine St. TUESDAY, JUNE 8 Election Day Don’t forget to vote Red Bluff Antelope School Board, 5:30 p.m., Berrendos School Library, 401 Chestnut Ave. Bend School Board, 6:30 p.m., 22270 Bend Ferry Road Community BLS/CPR class, 6 p.m., St. Eliza- beth Community Hospital, Columba Room, 529- 8031 International Order of the Rainbow for Girls, 6:45 P.M., Masonic Hall 822 Main St. 527-6715 PAL Kickboxing, 4 p.m., 1450 Schwab St., 529-8716 or 200-3950 Photo club, 6 p.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 Playtime Pals Playgroup, 9:30 a.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528- 8066 Red Bluff Rotary, noon, Elks Lodge Red Bluff Union Elementary School District board meeting, 5:30 p.m., 1755 Airport Blvd. Spanish speaking support group for special needs families, 9:30 a.m. Metteer Elementary School, 695 Kimball Road. 876-832. Childcare is provided Tehama County Board of Supervisors, 10 a.m., 727 Oak St. Tehama County Fish and Game, 8 a.m., Con- ference E, courthouse annex Tehama County Flood Control and Water Conservation District, 8:30 a.m., 727 Oak St. Tehama County Genealogical and Historical Society, 6:30 p.m. Red Bluff Library, 529-6650 Tehama County Patriots, 6 p.m., Trinity Landmark Missionary Church, 20920 Hampton Rhodes Drive Dave HENCRATT ★★★★ dave4sheriff.com for Sheriff Wave of uncertainty takes toll on market What hit the stock market? That's what investors are asking after the recent decline, which left the Dow just barely over 10,000 and the S&P 500 at 1,071 -- both breaking significant his- torical support levels. The stock market had been in a bull- ish uptrend since the Dow hit a low of 6,745 in March 2009. The popular benchmark had regained 80 percent of its losses, crossing above 11,000, amid good corporate earnings reports and economic statistics pointing toward a recovery. There is no one answer to the cause of this decline. Instead it is the cumulative effect of a laundry list of worries that roiled the markets. Here are a few of the key ingre- dients: The euro. Although our stock market isn't directly linked to the European currency, the decline of the euro reflects increasing global wor- ries about whether that entire part of the world will sink into recession, as it breaks its own charter to bail out weak- er nations like Greece, and potentially Spain and Portugal. A European reces- sion means less work for U.S. compa- nies doing business there -- and makes our goods more expensive for Euro- peans to purchase. That's all bad for business profits. Adding to the bad news: a report that the Fed is buying euros to bolster Europe's currency, sending our good money after their bad paper. China's Weakness. China has been trying to contain an inflationary boom by raising interest rates and curtailing real estate lending there. If its economy slows, there will be less opportunity for U.S. companies to do business there -- whether it's GM trying to sell cars or Police reports The following informa- tion is compiled from Red Bluff Police Department, Tehama County Sheriff’s Department, Corning Police Department and California Highway Patrol. Arrests • Amanda Lee Graham, 27, Red Bluff, was arrest- ed Thursday morning at the corner of Antelope Boulevard and Rio Street on suspicion of theft by use of a forged access card and identifying herself as another person. Bail was set at $12,500. • Justin Case Pelaiz, 32, Corning, also known as Jerrard Victor Blazowki, also known as Jamie Christian, was arrested Thursday afternoon at the corner of Fifth and Yolo streets by the CPD on sus- picion of inducing battery or serious bodily injury. Bail was set at $10,000. Violence A 10-person fight was reported Thursday night at Applebee’s. Only one per- son was arrested. Theft • A man reported the theft of 123 cattle Friday morning at Reeds Creek Road. It is believed the cattle were taken some- time in the last few months. • A man reported the theft of about 50 gallons McDonald's trying to sell hamburgers. That's exactly what several Merrill Lynch analysts, returning from China in recent days, told investors -- another trigger for our stock market selling. Unemployment Worries. The weekly report on people signing up for first-time unemployment claims showed an unexpected jump of 25,000 -- to 471,000 people -- after trending downward for several months. This increase triggers fears of a double-dip decline in the economy -- and more housing woes, since unem- ployed people typi- cally can't make their mortgage payments. Financial Reform and The stock market hates uncertainty -- about business, taxes and the econo- my. When the professional money managers get scared, they move into cash equivalents. There has been so much buying of U.S. Treasuries that the yield was pushed down to 3.21 percent. Commodities ranging from gold and metals to sugar and coffee also fell on worries of a global slow- down. And the VIX -- the volatil- ity index reflecting fear in the stock market -- jumped 10 points, or 30 percent, to 45.79. Terry Savage The Congressional Action. You may not have any sympathy for Wall Street and banks, but the prospect of more regulation isn't making them any more ready to lend their money to business- es or individuals for mortgages. When the banks and brokers get scared, they pull back and hold onto their cash. It's not just the financial reform bill now headed to compromise negotiations that caused the trembling on the Street. On Thursday, Rep. Sander Levin, D- Mich., introduced a bill to raise taxes on multinational companies (as a pun- ishment for shipping jobs overseas) and increase taxes on a barrel of oil (to punish BP). All are shortsighted moves that hurt business -- and thus impact the outlook for the stock market. of gas and 20 gallons of diesel fuel Thursday morning on Joseph Avenue. The loss is about $260. • Three yellow Labrador puppies, two male and one female, were reported stolen Thursday morning from a Berrendos Avenue backyard. • A woman reported the theft of mail Thursday afternoon on Barham Avenue. Vandalism • A vehicle was report- ed vandalized Thursday morning on Walbridge Street. The damage, con- centrated on the side door, was estimated to be about $500. • Graffiti was spray- painted at the Gerber Mar- ket sometime in the last few weeks. • It was reported numerous mailboxes were reportedly vandalized Thursday morning on Rawson Road. Collision • Charissa Mabry, 47, of Red Bluff was arrested Savage Truth on Money The market is telling us that few are willing to buy stocks given all this uncer- tainty. When buyers disap- pear, prices fall. The big ques- tion is whether Thursday's sharp drop is a sign of the market making a temporary bottom -- or just starting a period of extended decline. The Savage Truth is: I don't know, and neither does any- one else! But let me hasten to add that just when you're ready to jettison your stocks and mutual funds, you'll know the market is likely to turn up again. It always has. And that's another Savage Truth. Terry Savage is a registered investment adviser and is on the board of the Chicago Mercantile Exchange. She can be reached at www.terrysavage.com. She is the author of the new book, "The New Savage Number: How Much Money Do You Really Need to Retire?" on suspicion of driving under the influence fol- lowing a collision at 10:30 p.m. Thursday on Rawson Road, north of Sacramen- to Avenue. Mabry was dri- ving south on Rawson and made a left turn into a dri- veway directly in the path of Brian Klupp, 24, of Red Bluff. Both vehicles had minor damage. Crash • Carla Perry, 47, of Red Bluff was taken to St. Elizabeth Community Hospital with minor injuries following a crash at 6:45 p.m. Thursday on southbound Interstate 5, north of Jellys Ferry Road. Perry was driving south in the fast lane when the tread of her tire separated, causing her to lose control of the vehicle, which went into the center median and hit an embankment. Her vehicle received major damage. Fires • CalFire responded at 9:22 p.m. Thursday to a debris fire caused by someone playing with fire in the area of China Rapids Drive and South Wallen Road in the Bend area. A man in his mid thirties playing with fire near his debris pile ended up lighting the pile on fire. No one was injured and the fire was contained at 9:54 p.m. CalFire cleared the scene at 11:38 p.m. A citation has not been issued yet as the investiga- tion is still being done, however, it is likely since he was burning outside the guidelines, a CalFire spokesman said. • CalFire and Tehama County Fire Department responded to a two-acre vegetation fire caused by a control burn escape reported at 12:16 p.m. Fri- day in the area of Olive Avenue and Highway 99W. The fire was con- tained at 1:59 p.m. CalFire cleared the scene at 2:26 p.m. Odd • A teenager, wearing only pajamas, was report- ed Thursday night at the Lake California gate. She was reportedly waiting for a ride. Have your brain turn into Or Join Summer SERRF 2010! Health, Life, Auto, Home, Commercial, Professional Liability Free phone quotes 530-824-9900 Monday-Friday 9-5 1610 Solano St. #B Corning Lic.#0C37035 For bus schedule information go to www.tehamaschools.org Paid political advertisement