Issue link: https://www.epageflip.net/i/26921
Friday, March 11, 2011 – 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. FRIDAY,MARCH 11 Red Bluff and Hickory Al-Anon, 6-7 p.m., Presbyterian Church, Jefferson Celebrate Recovery, 6:15 p.m., Vineyard Christian Fellowship, 738 Walnut St. 527-2449 Knit for Kids, 9:15 to noon, Presbyterian Church, 838 Jefferson St., 527-0372 Corning On-Site Veterans Service Officer, 8 a.m. to noon, Will help Veterans and answer questions about benefits, Corning Veterans Memorial Hall, 1620 Solano St., 824- 5957 SATURDAY,MARCH 12 Red Bluff Airplane Display Days, 8 a.m. to 1 p.m., Red Bluff Airport, 1760 Airport Blvd., 527-6547 BMX racing, 5:30 p.m., Red Rock BMX Track, Tehama District Fairground, $10 Decorative Brushes of No. California, 10 a.m., Red Bluff Community and Senior Center, 1500 S.Jack- son St., 527-7449 or decorativepainters.org Red Bluff Emblem club installation of officers, 2 p.m., at Elks Lodge, 355 Gilmore Road Weight Watchers meeting, 8:30 a.m., weigh-in starts half-hour before meetings, 485 Antelope Blvd., #N, next to Bud’s Jolly Kone, 1-800-651-6000 Los Molinos Senior Dance, 7 p.m., Los Molinos Sr. Social Club, Senior Center, Josephine St. SUNDAY,MARCH 13 Red Bluff Airplane Display Days,8 a.m.-1 p.m., Red Bluff Air- port, 1760 Airport Blvd., 527-6547 WHEE Picnic and Prayer Circle, 4:20 p.m., 22116 Riverside Ave. MONDAY,MARCH 14 Red Bluff 3101 Antelope 4-H, 6:30 p.m., Antelope School, 527- Cardiac Support Group, 7 p.m., St.Elizabeth Com- munity Hospital, Columba Room, 527-5077 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 Line Dancing for Beginners, 9:15-10:15 a.m., 1500 S. Jackson St., free, 527-8177 Masterworks Chorale Rehearsal, 6:45-8 p.m., Red Bluff Presbyterian Church, 838 Jefferson St., 527-4203 Red Bluff Community Band, 6:45-8:45 p.m., Pres- byterian Church, 838 Jefferson St. ,527-3486 Salvation Army Writing Class, 9:30 to 11:30 a.m., 940 Walnut St., 527-8530 Spartan Athletic Booster Club, 6:30 p.m.Red Bluff Union High School Library Sun Country Quilters Community Service Group, 9 a.m. to 3 p.m., Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 TeenScreen Mental Health Appointments, 10 a.m.to 2 p.m., free, by appointment only, Youth Empow- erment Services, 1900 Walnut St., 527-8491, Ext.3012 Tehama County Sheriff’s Search and Rescue, 7 p.m., Stillwell Training Center, Park Ave. near Baker Road. 527-7546 Corning Corning 4-H, 7 p.m., Woodson Elementary School, 527-3101 Corning Alcoholics Anonymous, noon Monday through Friday, 5 p.m. Thursday, 7 p.m. Monday, Tues- day and Saturday and 1 p.m. Sunday, 783 Solano St., behind the Church. Corning Neighborhood Watch, 5:30 p.m., City Hall, 794 Third St. Narcotics Anonymous, 7 p.m., 815 First St., 385- 1169 or 566-5270. Meetings are everyday through Sat- urday with an additional meeting at noon on Mondays Olive 4-H, 6:30 p.m., Maywood School, 527-3101 Sewing group, 9 a.m., Family Resource Center, West and South streets, 824-7670 Spanish Adult Education, 5 p.m., Family Resource Center, corner of 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 Tehama County Mental Health Stakeholders meeting, 1 p.m., Rolling Hills Casino, Carlino’s Event Center Los Molinos Los Molinos 4-H, 7 p.m., Los Molinos Elementary School, 527-3101 Richfield Richfield Neighborhood Watch Program, 6 p.m., Richfield Elementary School, 23875 River Road, 824- 6260 Rancho Tehama School Readiness Play Group,3-4 p.m., children 4 and younger, free, Rancho Tehama Elementary School, COMPLETE AUTO REPAIR All makes and models. We perform dealer recommened 30K, 60K, 90K SERVICES AT LOWER PRICES Smog Check starting at $ (most cars and pick-ups) 2595 + cert. Pass or FREE retest 527-9841 • 195 S. Main St. Stagflation is the worst of all worlds The word "inflation" has been in the headlines recently because of the rising price of oil and other commodities ranging from corn to cotton, from coffee to copper. But inflation is more than just rising prices. It's also a monetary phenom- enon -- and a state of mind. So far, we have only one of those characteristics in place: rising com- modity prices. But there is plenty of fuel (money creation) to generate full-fledged inflation, along with a rising psychology of inflationary fears. You can see that in the price of gold and the value of the U.S. dollar. It's undeniable that some important prices are rising. The Consumer Price Index (which is created by the Bureau of Labor Statistics) shows only moderate price inflation -- especially when the cost of food and energy are taken out. That monthly aspect of the report makes us laugh -- "CPI ex food and ener- gy." The BLS is widely criticized for its inflation calculations. Most people can't live without consuming food or energy, which are excluded in one aspect of the monthly report because those com- modities are the most volatile. Yes, these prices are volatile -- and they are in a huge uptrend. But there are other commodities that are not rising. Take housing, for example. The latest Case-Shiller report on hous- ing prices in major metropolitan areas shows that at the end of 2010, home prices had skidded downward again, marking the sixth straight month of home price declines. And wages are not rising. In fact, wages are falling (or people are working harder for the wages they earn) because of the pressure of unemployment. Many people are working for far less than before, just to keep a roof over their fami- ly's head. Unions are having a tough time keeping wages (and benefits) from falling. So there's little upward pressure on inflation from wages. Inflation is a general rise in the price level of all aspects of our life. In today's economy, we are having a different kind of inflation -- one that impacts only certain prices. Inflation is a monetary issue -- a reflection of the value of money. Inflation exists when the value of currency is falling so quickly and obviously that people will do any- thing to exchange the currency for items of "real value" -- whether that be gold, farmland, commodities or even other currencies. The first step toward that kind of inflation is the over-cre- ation of money (or credit) by the central bank. That's actually started to happen, as our government borrows to fund its debt and the Fed buys the IOUs (bonds), injecting newly created credit into the system. If all his money cre- prices for important global com- modities like energy and food, which are priced in global markets - - but falling prices for other aspects of the economy, such as services and wages. This mixture is called "stagflation" -- and it com- bines the worst of all worlds. Terry Savage The Savage ation was generally rec- ognized as excessive, people would be rushing to get rid of their cash -- or demand- ing much higher interest rates for lending dollars for the long term. After all, if you knew the dollars you would get back at the end of the loan would have much less buying power, you would certainly demand higher interest rates. Truth on Money Here in America, the rising prices of oil and food take a bigger bite out of consumer paychecks. It's estimated that a 10 percent rise in the price of gasoline takes $40 billion out of consumer wallets. Suddenly, commuting expenses conflict with shopping and entertain- ment. People cut back on those unnecessary expens- es, and the economy slows. That brings along talk of recession -- and more or continued unemployment. The combination of rising global prices for necessities (for which we must pay the global price) and a slowing economy here results in stagflation. Inflation is not happening yet because most of that newly created credit/money is sitting on the books of the banks who are afraid to lend, and the companies who are afraid to use their profits to expand. And you can hardly blame them, given the uncertainty surrounding taxes, reg- ulations and the global economy. As long as banks are taking their time making mortgages and busi- ness loans, the economy moves along at a crawl. And so do most prices -- except for commodities that are priced globally. We haven't had much inflation here in the United States -- yet. But the fuel, the money, is sitting on the sidelines and could ignite at any moment. It's entirely possible that we could see a combination of rising It's a condition that's hard to cure. If the Fed pushes more money into the system to get the economy moving again, it risks igniting true inflation. If the Fed sits quietly, hoping no one will notice, it risks an economic slowdown that could turn into a double-dip recession. And that is where America finds itself today -- between two tough places, and in a temporary balance that is uncomfortable, to say the least. Unless and until our political leaders find the strength to agree on some set of policies that offers hope for future growth, our economy will remain in a standoff that mirrors our politics. And that's the sad, Sav- age 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?" Annual trivia night approaching in LM Central Tehama Kiwanis Club is hosting its Annual Trivia Night March 26 at the Los Molinos Veterans Memorial Hall 7980 Sher- wood Blvd. Doors open at 5:30 p.m. and the event starts at 6:30 p.m. If you haven't been to this event, please get a group of up to eight and support Kiwanis. The 2011 spring series of hikes at the Big Chico Creek Ecological Reserve will begin on Saturday, March 26. Ten hikes through June 3 will cover such things as the natural history of the BCCER, nature photog- raphy, bird banding and recognizing bird songs. All hikes begin at the Chico Park and Ride at 9 a.m. unless otherwise indicated. Sturdy hiking shoes and a sack lunch are essential. The trips hap- pen rain or shine, so come prepared if 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 • Kurt William Sale, 47, of Red Bluff was arrested Wednesday on Main Street north of Adobe Road. He was charged with possession of a controlled substance and transportation of a controlled substance. Bail was set at $20,000. • Leon Shawn Allen, 32, of Sacramento was arrested Wednesday at a Sacramento area prison in relation to Tehama Coun- ty warrants. He was charged with failure to appear on felony charges, grand theft of money, Tables are $80, winning table recieves $200. Prizes for best theme table, raffle and 50/50 drawing. The Los Molinos Cham- ber of Commerce chal- there is a chance of rain. The hikes are limited to 15 people, so it is important to sign up by calling 898-5010. You can visit the BCCER website at www.csuchico.edu/bccer/ for more information. March and April Hikes: • Saturday, March 26, Professor Emeritus Paul Maslin, Natural History of the BCCER (difficult) •Sunday, April 3, Professor Jadea White, Natural History/Nature Pho- tography (moderate) labor or property over $400, and possession of stolen property. Bail was set at $40,000. • Rhonda Kay Sylvester, 43, of Red Bluff was arrested Wednesday in the 100 block of Gilmore Road. Sylvester was detained on out-of-the-area warrants after police officers went to a residence for an unre- lated incident. Someone had reported that a male resident there, who had been assigned the per- son’s old phone number, had tried to have taxes sent to the address. It was later deemed a miscom- munication, but Sylvester, found at the residence, was booked into the jail on the warrants. She was charged with probation violation, theft and pos- session of a controlled substance. Bail was set at $15,000. lenges all groups, organiza- tions, churches and non- profits to support this event. For more information call Louie Andreini at 604- 4435. Hikes at the Ecological Reserve will begin in late March • Saturday, April 9, Professor Emeritus Paul Maslin, Natural History of the BCCER (difficult with steep trail hiking) • Sunday, April 17, Dawn Garcia, BCCER Bird Banding (easy, with a maximum of 10 participants) • Saturday, April 23, Dawn Garcia, Butte Creek Ecological Preserve Bird Banding (Easy, with a maximum of 10 participants) May and June hikes can be found at www.csuchico.edu/bccer/. Animals • A large tan dog and small yellow dog were reported Wednesday knocking over trash cans while loose at the Tehama District Fairground. The dogs’ owner was told about the complaint and recovered the dogs when officers arrived. Theft • A coin collection and other miscellaneous items were reported stolen Wednesday from a resi- dence in the 22100 block of Flournoy Avenue. Odd • Someone reported that a door had been kicked in on the west side of the abandoned building of the Yak Yak Shack, 4 John Sutter St. When officers checked the broken door and the inside of the build- ing, no one was inside but it appeared as if someone had been living there. Mobile Pet Vaccinations RAIN OR SHINE LOW COST VACCINE CLINIC DOGS ON LEASH Distemper/Parvo (6-in-1) and Rabies.............$ 15 Distemper/Parvo (6-in-1) Corona, Rabies & Bordetella.......$ Distemper/Parvo (6-in-1).............$ Rabies Only....$ PRESCRIPTION FLEA PREVENTION ALSO Dr. Andrew PomazalD.O. Physician & Surgeon General Medicine Saturday Appointments Available • High Blood Pressure • Diabetes • Joint & Muscle Pain • Lung Problems We offer Osteopathic Manipulation 530 528-2066 2050 Main St, Red Bluff Accepting New Patients AVAILABLE 25 10 7 CATS IN BOX Feline Distemper (3-in-1) and Rabies............. $ Rabies Only.... $ Leukemia.........$ All Three..........$ 15 7 12 25 SATURDAY, MARCH 12TH RED BLUFF Reynolds Ranch & Farm Supply 501 Madison, Red Bluff 12:00-2:00 MOBILE PET VACCINATIONS (916) 983-4686 (Not affiliated with any other vaccine clinic) discount CASH ONLY 3 or more pet