Issue link: https://www.epageflip.net/i/12244
Saturday, June 19, 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 19 Red Bluff Book Signing, “Victim of Pleasure” by Doug Shep- ard, 11:30 a.m.-2 p.m., Book Barn, 619 Oak St. Farmer’s Market, 8 a.m. to noon, Red Bluff River Park, 527-6220 R Wild Horse Ranch Crawdad Festival, 9 a.m. to 10 p.m., Tehama District Fairground Tehama County Farm Bureau Farm and Fun golf tournament, 9 a.m., Oak Creek Golf Course, 527-7882 Los Molinos Coed Softball Tourney, Mill Creek Park, 262-9320 SUNDAY, JUNE 20 Red Bluff Knights of Columbus All-You-Can-Eat Break- fast, 7:30 a.m. to noon, $4 per person or $10 per fam- ily, Sacred Heart Parish Hall, 2285 Monroe St., 527- 6310 R Wild Horse Ranch Crawdad Festival, 9 a.m. to 6 p.m., Tehama District Fairground Red Bluff Emblem Club Father’s Day brunch, 11:30 a.m., Elks Lodge, 355 Gilmore Road, 527-6435 WHEEPicnic and Prayer Circle, 4:20 p.m., 22116 Riverside Ave. Corning Evangelist services, 7 p.m., Family Bible Church, 609 Marin St., 824-9989 MONDAY, JUNE 21 Red Bluff Al-Anon, 6 p.m., Presbyterian Church, Jefferson and Hickory Gastric Bypass Support Group, 6 p.m., St. Eliza- beth Community Hospital, Columba room, 529-3066 Head Injury Recreational Entity, 10 a.m., St. Eliz- abeth Community Hospital, Coyne Center, 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 Retired and Active Federal Employees, 11:30 a.m., Veteran’s Memorial Hall, 735 Oak St., call Karen at 585-2494 Salvation Army Writing Class, 9:30-11 a.m., 940 Walnut St., 527-8530 Sun Country Quilters Community Service Group, 9 a.m.to 3 p.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 Tehama County Military Family Support Group, 6 p.m., Green Barn, 529-1852 Corning Narcotics Anonymous, 7 p.m., 815 First St., 385- 1169 or 566-5270, daily through Saturday, noon Mon- days, no meeting the third Wednesday Sewing group, 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, Los Molinos Senior Center, Josephine St. TUESDAY, JUNE 22 Red Bluff City Council, 7 p.m. City Hall, 555 Washington St. Diabetic Education, 12:30 p.m. St. Elizabeth Com- munity Hospital, Columba Room, 529-8031 PAL Kickboxing, 4 p.m., 1450 Schwab St., 529- 8716 or 200-3950 Playtime Pals Playgroup, 9:30 a.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528- 8066 Red Bluff Rotary, noon, Elks Lodge Tehama County Board of Supervisors, 10 a.m., board chamber, 727 Oak St. Tehama County Health Partnership, 1 p.m. to 3 p.m., 1135 Lincoln St. 527-6824 Tehama County Resource Conservation Dis- trict, 8 a.m., USDA Service Center, 2 Sutter St., Ste.D Tehama County Patriots, 6 p.m., Trinity Landmark Missionary Church, 20920 Hampton Rhodes Drive Tehama District Fair board, 1 p.m., Tehama Room, Tehama District Fairground, 650 Antelope Blvd. Corning Planning Commission, 6:30 p.m., City Hall, 794 Third St. Spanish Adult Education, 1:30 p.m., Family Resource Center, West and South streets, 824-7670 Cottonwood Cottonwood Community Library Readers Club, 4 p.m., 347-4818 Los Molinos Bingo, doors open at 4:30 p.m., dinner, Early Bird round at 6:15 p.m., regular session 6:30 p.m., Veterans Hall, 7900 Sherwood Blvd., 384-2738 Health, Life, Auto, Home, Commercial, Professional Liability Free phone quotes 530-824-9900 Monday-Friday 9-5 1610 Solano St. #B Corning Lic.#0C37035 Consignment Boutique Act II Receiving Summer Arrivals Daily 707 Walnut St., Red Bluff 527-4227 Ingenuity will keep America flying high Millions of college graduates are about to ask this question: Was it worth it? And it's a question that students just entering college should be asking as they start look- ing at taking out student loans to finance their college degree. It's not the education or the col- lege experience that's the issue. It's how you will repay those student loans. Today's college graduates enter a job market that has few jobs avail- able. Yet, within months of gradua- tion, they must work out a plan to repay the loans that made their degree possible. Those loans now look like the worst deal they could have made, because many carry high fixed rates of 6.8 percent or more. Even a fixed-rate 30-year mortgage would cost less than 5 percent annual interest these days. Plus, that mortgage interest is deductible. And if your mortgage loan doesn't work out, you could always default. But student loans stay with you for the rest of your life. Not even bankruptcy can wipe out this oblig- ation. And since the government has guaranteed those loans, they will find a way to catch up with you. The time to think about repay- ment is immediately after gradua- tion. If you don't make some deci- sions within six months of graduat- ing, those decisions will be made for you. Standard repayment on a federal student loan provides level monthly payments that cover accru- ing interest and a portion of princi- pal. This program actually pays off your loans in the shortest amount of time. To get an idea of what those pay- ments will be, go to www.Sallie Mae.com and click on the "monthly loan payment calculator." Most grads will be overwhelmed by the payment -- especially if they haven't landed a job. For example, if you have $30,000 in student loans, you'd have to pay as much as $345 every month for 10 years. But there are ways to defer, extend and otherwise lower that monthly payment. Just be aware that the longer you take to repay the loan, the more interest you will be paying. That can double or triple the amount you'll repay over the long run. The newest option is called IBR -- income- based repayment. You must demonstrate finan- cial hardship to qualify. It caps the bill at 15 per- cent of discretionary income. After 25 years, if the balance has not been repaid, you may be eligi- ble for for- giveness of the remaining loan balance. The most important thing to remember is that you should contact your student loan lender immediately after gradu- ation. You'll probably want to consolidate your loans, but check all your options because subsi- dized federal student loans carry different rates, and some may be lower than the consolidation rate being offered. For example, loans disbursed before July 1, 2008, may carry that high, fixed 6.8 percent rate, but loans made for the year starting July 1, 2008, carry a 6 percent rate. And loans made after July 1, 2009, are 5.6 percent. New loans, dis- bursed after this coming July 1, carry a fixed 4.5 percent rate. All unsubsidized loans carry the several warnings. The loan process has just changed -- cutting out the bank lenders as middlemen. So you'll be working through your col- lege financial aid office to get loans directly from the federal govern- ment student loan program. If you've qualified, these federal loans are your best choice. If your parents are going to help, they'll have to decide between a home- equity loan or a PLUS loan, both of which carry floating interest rates -- and could rise rapidly. There are also many pri- Terry Savage The Savage Truth on Money vate student loan plans offered. Most carry float- ing rates. And here's where the warning comes in. It's a strange quirk that could cost you a fortune in the future. Make sure you understand the "index" to which your floating rate loan is tied. Many choose the LIBOR rate -- the Lon- don Interbank Offered Rate. Typically that's about the same as U.S. Treasury bills, and they historically have moved in tandem. But now, with debt woes in Europe, LIBOR has moved sharply higher vs. short-term U. S. Trea- suries. And any loans tied to LIBOR will adjust upward sharply, while those tied to either U.S. Trea- sury bills (or a "cost of funds" index based on what banks are paying on savings deposits) are likely to adjust downward. Yes, it's exciting to head off to fixed 6.8 percent rate! So be sure to check carefully the rate that applies to your loan -- and the consolida- tion rate. And note that PLUS loans made to parents carry a floating rate, currently 3.28 percent. Here are two websites that will help you understand your loan repayment options: • www.SallieMae.com. • www.SimpleTuition.com. For all those just starting down the road to student loans, here are college. But make careful borrow- ing choices now, or you'll be paying for your education, as well as bene- fiting from it, for the rest of your life. That's the 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?" Check ballot status with state office Californians can go the state secretary’s website to find out if, in the case of vote-by-mail voters, their ballot arrived at their county in time to be counted and, in the case of pro- visional voters, whether their ballot was counted. “While Election Day has come and gone for voters, it’s not over for county elections officials who have until July 9 to verify and count every last eligible vote-by-mail, provi- sional and damaged ballot,” said Secretary of State Debra Bowen, the state’s chief elections officer. “As county elec- tions officials continue the ballot verification process, voters can check to find out the status of their ballot.” Each county elections official may provide this infor- mation through their website, by telephone, or both. To access each county’s website or phone number, voters can go to www.sos.ca.gov/elections/ballot-status/ Police reports The following infor- mation is compiled from Red Bluff Police Depart- ment, Tehama County Sheriff’s Department, Corning Police Depart- ment and California Highway Patrol. Arrests • Elijah Robert Roche- leau, 26, Roberta, was arrested early Thursday morning on Main Street by the RBPD on suspi- cion of carrying illegal weaponry and failing to appear in court. Bail was set at $20,000. • A 16-year-old Red Bluff boy was reportedly arrested Thursday at Red Bluff River Park after confronting a 19-year-old and his girlfriend, and accusing the 19-year-old of stealing a cell phone from a friend. In con- fronting the 19-year-old, the boy was reportedly joined by a number of other juveniles. Gun A man reported a group of men in a older, red truck with a flag fly- ing in the rear pointed a gun at his son Thursday Stop waiting, sign up for FREE! • Sign up during the month of June and pay no enrollment or first months dues! *Special applies to standard membership rate EFT Get the kids off the couch this summer! • 4 month student special $99 Don’t forget our members now receive a free social membership at Wilcox Oaks golf course. Enjoy their beautiful pool and club house this summer. Tehama Family Fitness Center 2498 South Main St • Red Bluff 528-8656 • www.tehamafamilyfitness.com evening on Walnut Street. Cyclist hit A bicyclist was report- edly clipped by a passing car Thursday night by Circle K. Theft • A black Nike duffel bag was reported stolen Thursday morning from an unlocked vehicle on Orange Street. The bag was reportedly worth $100, and contained another $200 worth of clothing. • A credit card was reported stolen Thursday morning on Bowman Road. • Daisy Schwyhart reported the theft of a camera from an unlocked vehicle Thursday after- noon on Rynn Lane. Vandalism • Graffiti was reported Thursday morning on the back wall at Furniture Ballots that arrive at polling places or elections offices after 8 p.m. on Election Day, and ballots cast by people who are not registered voters or who have already voted are not eligible to be counted. Counties have 31 days after Election Day to report their final results to the Secretary of State’s office, which for this election is July 9. During this canvass period, before vote- by-mail, provisional and damaged ballots can be counted, county elections officials must confirm each voter’s regis- tration status, verify voter signatures by comparing the sig- nature on each vote-by-mail ballot envelope against the voter's voter registration card, ensure people are not voting more than once, remake damaged ballots cast by eligible voters, and more. The Secretary of State will certify the results of the election by July 16. Depot. The damage was reportedly $500. • Sidewalk graffiti was reported Thursday after- noon at the corner of Paskenta Road and Aloha Street. Collision • An 11-year-old girl from Redding knocked her grandmother down while backing a car out of the garage at 1:18 p.m. Thursday at her grand- mother’s residence in the 19600 block of Stonyford Place in Lake California. The grandmother, Cathryn Lunch, 54, was trying to stop the grand- daughter when she was hit by the door. The girl continued to back out and ran off the road and down an embankment, causing minor damage to the vehi- cle. Fires • The cause of a vege- tation fire at 10:46 a.m. Thursday on Rawson Road and Flores Avenue was determined to be exhaust from the motor of a farm pump. The fire was contained at 11:26 a.m. with $5,000 damage done and a $100,000 save to a nearby semi-truck, motorhome and mobile home. • A grass fire at 1:08 p.m. Thursday in the area of Oakwood Heights Drive and Matlock Loop is still under investiga- tion, but final acreage is two acres burned. The fire was contained at 1:48 p.m. with no damage and a $50,000 save to a modu- lar home.