Issue link: https://www.epageflip.net/i/31555
Friday, May 13, 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,MAY 13 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 bene- fits, Corning Veterans Memorial Hall, 1620 Solano St., 824-5957 SATURDAY,MAY 14 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 Golfing for God Fundraiser, Lariat Bowl, 365 S. Main St., Susan McFadyen at 527-2720 or visit www.lariatbowl.com Quilt Show, 10 a.m.to 5 p.m., Tehama District Fair- ground, $7, Pam Allred (916) 425-8230 SRDC Watershed Celebration, 9 a.m.-1p.m., 1000 Sale Lane, 527-1196 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 Corning On-Site Veterans Service Officer, 8 a.m. to noon, Will help Veterans and answer questions about bene- fits, Corning Veterans Memorial Hall, 1620 Solano St., 824-5957 Los Molinos Senior Dance,7 p.m., Los Molinos Sr. Social Club, Senior Center, Josephine St. SUNDAY,MAY 15 Red Bluff Contemporary Historical Vehicle Association Annual Car Show, 8 a.m. Red Bluff River Park, 547- 5774 Golfing for God Fundraiser, Lariat Bowl, 365 S. Main St., Susan McFadyen at 527-2720 or visit www.lariatbowl.com Quilt Show, 10 a.m.to 4 p.m., Tehama District Fair- ground, $7, Pam Allred (916) 425-8230 WHEEPicnic and Prayer Circle, 4:20 p.m., 22116 Riverside Avenue Corning Evangelist services, 7 p.m., Family Bible Church, 609 Marin St., 824-9989 MONDAY,MAY 16 Red Bluff Bend School Board, 4:30 p.m., 22270 Bend Ferry Road 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, 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 a.m. to 10:15 a.m., 1500 S. Jackson St., Free, 527-8177 Masterworks Chorale Rehearsal, 6:45 p.m. to 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 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, 9:30-11:30 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 Red Bluff Tritons Swim Team Try Outs May 14th 4-6pm Physical Therapy & Wellness Center 2490 S. Main St. May 23rd & 25th 4:30-5:30pm Red Bluff High School Pool “Must be 5 yrs or older & be able to swim a discernable stroke (not dog paddle) For questions call Pam 736-1459 or mattand pam @ sbcglobal.net. Profit reports boost market, but some rile consumers The corporate earnings season has surprised even the most bullish stock analysts and helped push the market higher. With half the S&P 500 reporting in, more than 74 per- cent have beaten estimates. Compa- nies ranging from Caterpillar and Ford to McDonald's, Microsoft and the major oil companies have all reported big jumps in profits. Chevron just reported quarterly profits of $6.2 billion, compared with $4.6 billion in the first quarter a year ago, or $3.09 per share compared with $2.36 in the first quarter of 2010. So, is that good news or bad? Analysts had been expecting Chevron to report earnings of $3 a share, so the stock closed about half a percent higher on the day of its earnings report. Since Chevron is one of the 30 stocks in the Dow Jones Industrial Average, it contributed to an up day for the "market" as measured by the Dow. That usually makes people feel good. And if you have a 401(k) account invested in a stock mutual fund, your retirement prospects look a bit brighter, because your account like- ly increased slightly in value. Even better news, at the same time it reported its higher earnings, Chevron also said it was increasing its dividend by 8.3 percent, to 78 cents a share for this quarter. The company now pays out about 24 percent of its earnings in dividends - - something that warms the hearts, and wallets, of investors. The good earnings are probably good news to the remaining 60,000 Chevron employees, after the com- pany "restructured" its refining and retailing operations last year, cutting an estimated 2,000 employees. Think of it this way: When a 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. Crash • A 46-year-old Corn- ing man was injured in a crash involving two olive trees at 4:30 a.m. Tuesday on Loleta Avenue, east of Mary Avenue, in the Corning area. Norman Boatman received minor injuries, but said he would seek his own aid. His 1995 Ford F-150 pickup received moderate damage. Boatman was driving east on Loleta Avenue about 50 mph when he said large objects appeared in front of his vehicle, moving into traf- fic from the right side of the road. Boatman slammed his brakes and turned left to avoid the objects, which he told California High- way Patrol officers he could not figure out what they were. This caused the vehicle to skid, leav- ing the left road edge and traveling onto lose gravel. The vehicle continued through a wire fence company has profits, it can afford to hire. McDonald's just reported higher earnings and went on a 50,000- person hiring binge! By now, you might be digging in your heels as this analysis progresses. Wait a minute. As this compa- ny was increasing earnings, it was also rais- ing gas prices at the pump! It's true that Even the most devout defender of free-enterprise capitalism must call this paycheck insensitive, to say the least. But that's not the worst part of the story. Terry Chevron is not only an oil exploration company but an oil refining company and a gasoline retailer, with more than 8,100 gas stations in the United States and Canada. Cer- tainly, some of the com- pany's profits come from higher gasoline prices at the pump, along with the higher prices it gets for the oil it discovers around the world. So now we know what Chevron does with some of its profits. Some gets paid out in dividends. Some gets spent on exploring for oil, which is probably good news, since America remains dependent on oil. And some of the company's profits are used to pay its employees, who as noted above, are glad to have jobs. The CEO should be especially glad. Last year, Chevron's CEO was paid $14 million, according to an analysis of the company's proxy statement. To be fair, a good portion came from an increase in the value of his stock options, an increase that also benefited all shareholders. But CEO John Watson also got a 56 percent increase in basic salary to $1.47 mil- lion, along with a performance- based bonus of $3 million. before grazing one olive tree and hitting another. Arrests • Jason Lynn Acord, 32, of Redding was arrested Wednesday in the 10400 block of Ryan Hill Road in Redding. He was booked into the Tehama County Jail on charges of possession of marijuana for sale, con- spiracy to commit a crime and evading a peace offi- cer. Bail was set at $251,000. • Clarence Vincent Evans, 26, of Toledo, Ohio, was arrested Wednesday in the 18300 block of Bowman Road. He was charged with pos- session of marijuana for sale and conspiracy to commit a crime. • Katherine Elizabeth Lance, 30, of Rancho Tehama was arrested Wednesday at the jail. Lance, also known as Shyla, was charged with petty theft with a prior jail term for the specific offense, a prison term enhancement for a new felony with prior prison term and failure to appear after a written promise. Salon Bella Dona Full Service Salon 3 per foil or Nicole Richardson May Highlight Special $ $ 60 for full highlights Call for appt. 527-4843 (exp. May 31, 2011) tudio 39 Fitness Center Offers FitCamps & Personal Training Available Sessions @ 5am, 6am, 9am & 5:30pm Call for Details: (530) 690-2023 or visit www.redbluffstudio39.com 800 East Ave. Red Bluff, CA 96080 Savage The Savage Truth on Money It seems that, after pay- roll and exploration costs, very little of those profits go to paying taxes. As Ver- mont Sen. Bernie Sanders pointed out last month, Chevron is one of 10 giant U.S. companies that paid no taxes in 2009. In fact, Chevron received a $19 million refund from the IRS last year after it made $10 bil- lion in profits in 2009, because it was able to use the tax code to defer its $147 million dollar tax lia- bility. What's wrong with this picture? That's what mil- lions of Americans are asking as they pay ever higher prices at the pump. No matter that the real problem is our lack of an energy policy and dependence on foreign oil. No mat- ter that the sinking value of the dol- lar, in which all oil trades are based, has lifted the price of oil on global markets. No matter that much of the fault lies with our politicians, for destroying the value of the dollar. The oil companies are a huge and well-deserved target -- because they've painted a giant bull's-eye right on themselves. And 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?" Bail was set at $26,500. • Amanda Danielle Martin, 28, of Chico was arrested Wednesday at the jail. She was charged with felony forgery and presenting a false claim. Bail was set at $10,000. Hit and Run • A hit and run was reported Wednesday involving a 2007 Hyundai in the 400 block of Pine Street. Theft •A purse was reported stolen Wednesday from a shopping cart at Dollar Tree. The purse, contain- ing a $50 cell phone, $60 in cash, a bank card and checkbook, was snatched when the owner walked away from the cart. • Officers were on the lookout for a stolen vehi- cle Wednesday. A white 1991 Honda Civic, with license plate 2XEY523, was reported stolen from Nord Avenue in Chico sometime after 7 p.m. Tuesday. • A woman reported Wednesday that someone has been stealing flowers from her front yard in the 1100 block of Johnson Street. In the previous two days, during at least two incidents, more than two dozen roses, valued at $40, were taken from the garden. Burglary • A 78-year-old woman reported Wednes- day that her trailer was broken into in the 18500 block of Benson Road. Animals • A woman reported Wednesday that her lamb was killed by an unknown dog in the 21800 block of Leaf Avenue. WE’RE CLEANING OUT THE BACK & MOVING IT INTO THE PARKING LOT. MATTRESS SETS AS LOW AS $149 RECLINERS FROM $199 SAVE BIG THIS WEEKEND! FRIDAY, SATURDAY & SUNDAY DINETTES STARTING AT $149 SOFA LOVE SEATS SETS FROM $699 BARGAINS THROUGHOUT THE STORE MARKED DOWN TO MOVE! BRING YOUR TRUCK Furniture DEPOT www.thefurnituredepot.net HOURS: MONDAY-FRIDAY 9:00-6:00 SATURDAY 9:00-5:00 • SUNDAY 11:00-5:00 235 S Main St., Red Bluff • 530 527-1657 MISC. BARSTOOLS FROM $49 ONE OF A KIND CHAIRS $19