Issue link: https://www.epageflip.net/i/38697
6B Daily News – Tuesday, August 9, 2011 Obama seeks to reassure faith in United States credit NEW YORK (AP) — Eager to calm a nervous nation, President Barack Obama on Monday dis- missed an unprecedented down- grade in the nation’s credit rating, insisting investors will stand by the United States even as stock mar- kets plunged. Obama said Wash- ington can fix its ills by showing more political will. ‘‘Markets will rise and fall, but this is the United States of Ameri- ca,’’ Obama said. ‘‘No matter what some agency may say, we’ve always been and always will be a triple-A country.’’ Investors did funnel money on Monday into Treasurys, a sign of confidence in the United States as a safe long-term investment even after Standard & Poor’s had dropped the U.S. credit rating down a notch. But the broader story was far more worrisome: stock markets kept tumbling over concerns about the weakening U.S. economy and the debt crisis in Europe. The Dow Jones industrials plummeted to its worst drop since December 2008. For Obama, a president seeking a second term from voters desper- ate for better times, the pressure for results is intense. He is the first president to have a credit downgrade come on his watch. And whether blaming him is fair or not — he actually pushed for the type of deal that might have prevented a downgrade — presi- dents are always accountable. After saying nothing about the downgrade all weekend, Obama sought Monday to use it as lever- age against a Congress whose members are on an August vaca- tion. He said a downgrade ought to compel a smart compromise from the bipartisan committee of law- makers that will soon be tasked with shaping up to another $1.5 trillion in difficult deficit reduc- tion. Obama said he would offer his own recommendations, although the White House suggested that would likely mean ideas Obama has already presented in recent weeks. Obama on Monday said Congress should ask wealthy Americans to pay more in taxes and should make adjustments in programs like Medicare. Both ideas face fierce political opposi- tion. ‘‘I assure you, we will stay on it until we get the job done,’’ the president assured. But Congress remains in divided political hands, limiting Obama’s ability to keep that promise. Heading into a campaign-style economic tour before going on his own vacation, Obama’s overall rating hovers below 50 percent in most polling. He is on far more perilous ground when it comes to public views on the key issue for voters — his handling of the econ- omy — where his approval rating is under 40 percent in most major recent surveys. Obama’s aim is to keep heat on Congress to enact concrete mea- sures, separate from the grueling debt debate, which could help peo- ple in the short term. He pressed lawmakers to extend a payroll tax cut and unem- ployment benefits in September as a way to ‘‘put money in people’s pockets and more customers in stores.’’ On a jittery day for the financial world, it fell to Obama to deal with a downgrade that S&P had warned for weeks would come if Obama and Congress failed to agree on a major debt-reduction package. The agency was dissatisfied with the deal lawmakers reached last week to cut more than $2 trillion from the debt over 10 years. The administration has derided the downgrade as having no eco- nomic basis. S&P, though, has lit- tle faith in Washington’s ability to overcome its partisan woes on the debt. ‘‘We didn’t need a rating agency to tell us that the gridlock in Washington over the last sever- al months has not been construc- tive,’’ Obama said. S&P has dropped the govern- ment’s rating to AA+ from the top rating, AAA. The agency attached a negative outlook that means the rating could be lowered again. Asked under awhat scenario the United States could regain its AAA rating, David Beers, head of sovereign ratings at S&P, told reporters on Monday, ‘‘We don’t anticipate a scenario at the moment where the United States could quickly return to AAA.’’ S&P officials said that five countries including Canada and Australia have lost their AAA rat- ings from S&P and then regained them. The shortest time that it took a country to regain an AAA rating was nine years and the longest time was 18 years. waivers on No Child tests (AP) — The Obama admin- istration unveiled plans Monday to give school districts a break from the stringent testing man- dates in the No Child Left Behind Law, as long as they pursue other reform efforts. Education Secretary Arne Duncan said that President Barack Obama has authorized him to grant the waivers because Congress has failed to act on a long-overdue rewrite of the widely criticized law. ‘‘We can’t have a law of the land that has so many perverse incentives,’’ Duncan said. ‘‘We can’t afford to wait.’’ Critics call the law’s bench- marks unrealistic and say they brand schools as failures even if they are making progress. At the White House, Duncan told reporters that schools are ‘‘beg- ging’’ for relief but that law- makers haven’t acted even though Obama sent Congress an overhaul proposal 16 months ago. Ed. Secy: States to get tricts next month. Duncan and Melody Barnes, director of the Domestic Policy Council at the White House, said the administration will encourage every state to apply and will work with them to meet the requirements. Duncan said that the plan for temporary relief from some aspects of the federal law would not undermine what Congress is still discussing in terms of revis- ing federal education laws. The long-awaited overhaul of the law began earlier this year in the House, but a comprehensive reform appears far from the fin- ish line. ‘‘What we do in terms of flexibility can be a bridge or transition,’’ Duncan said. ‘‘We all want to fix the law. This might help us get closer to that.’’ The goal of the No Child Left Behind law is to have every student proficient in math and reading by 2014. States have been required to bring more stu- dents up to the math and reading standards each year, based on tests that usually take place each spring. The step-by-step ramp- ing up of the 9-year-old law has caused stress in states and most school districts, because more and more schools are labeled as failures as too few of their stu- dents meet testing goals. Through the waivers, schools will get some relief from loom- ing deadlines to meet testing goals as long as they agree to embrace other kinds of educa- tion reforms such as raising standards, helping teachers and principals improve, and focus- ing on fixing the lowest per- forming schools. Details on the waivers will be provided to dis- The chairman of the House Committee on Education and the Workforce, Rep. John Kline, R-Minn., says he is worried about Duncan’s waiver plan. ‘‘I remain concerned that temporary measures instituted by the department, such as con- ditional waivers, could under- mine the committee’s efforts to reauthorize the Elementary and Secondary Education Act,’’ Kline said in a statement, refer- ring to the formal name of the No Child Left Behind law. Montana Schools Superin- tendent Denise Juneau said she welcomed the waiver proposal, as long as it offers relief from the 2014 deadline. She said her state isn’t afraid of high stan- dards and education reform but needs enough time to reach those standards and the ability to institute change in a way that works for Montana. ‘‘They can set the bar wher- ever they want. They just have to let us have the flexibility to get there,’’ Juneau said. Wall Street had its first chance to react to the downgrade on Monday. The Dow fell below 11,000 for the first time since November. The sharp drop extended Wall Street’s almost uninterrupted decline since late July, when the Dow was flirting with 13,000. Republican candidates hoping to challenge Obama next year have placed blame for the down- grade on Obama, tying it to his larger economic agenda. Former Massachusetts Gov. Mitt Romney, who leads the GOP field in fundraising and early polls, said the downgrade was a ‘‘deeply troubling indicator of our country’s decline under President Obama.’’ Rep. Michelle Bach- mann, R-Minn., who has shown strength in the early voting state of Iowa, accused Obama of ‘‘destroying’’ the U.S. credit rat- ing. Obama calmly sought to dis- miss all the talk of a dent to U.S. credit. ‘‘Our problems are eminently solvable,’’ he said. ‘‘We know what we have to do to solve them. Our problem is not confidence in our credit. The markets continue to reaffirm our credit as among the world’s safest. Our challenge is the need to tackle our deficits over the long term.’’ Legal Notices Legal Notices Legal Notices Legal Notices LEGAL NOTICE LEGAL NOTICE Legal Notices Legal Notices On June 27, 2011, an application was filed with the Federal Com- munications Commission in Washington, D.C. to change the frequency and community of li- cense of radio station KRBN (FM) from Channel 232A, 94.3 MHz, Burney, California, to Channel 232C3, 94.3 MHz, at Manton, California. The licensee of station KRBN is S &S Venegas, LCC.A copy of the application, amendments and related materials are on file for public inspection at The Diner 31235 Manton Rd., Manton, CA and at Tehama County Red Bluff Library 645 Madison St., Red Bluff, CA LEGAL NOTICE PUBLIC NOTICE Publish: Aug 5, 6, 8 & 9, 2011 LEGAL NOTICE NOTICE OF TRUSTEE’S SALE TS No. 10-0150898 Title Order No. 100704178 Investor/Insurer No. 1701982358 APN No. 007-170-621 YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED 08/29/2006. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER." Notice is hereby given that RECONTRUST COMPANY, N.A., as duly appointed trustee pursuant to the Deed of Trust executed by TIMOTHY G. INGLISH, AND SHARI INGLISH, HUSBAND AND WIFE AS JOINT TENANTS, dated 08/29/2006 and recorded 09/07/06, as Instru- ment No. 2006-018009, in Book , Page ), of Official Records in the office of the County Recorder of Tehama County, State of Califor- nia, will sell on 08/16/2011 at 2:00PM, At the main entrance to the Tehama County Courthouse, 633 Washington Street, Red Bluff, CA 96080 at public auction, to the highest bidder for cash or check as described below, paya- ble in full at time of sale, all right, title, and interest con- veyed to and now held by it un- der said Deed of Trust, in the property situated in said County and State and as more fully de- scribed in the above referenced Deed of Trust. The street ad- dress and other common desig- nation, if any, of the real proper- ty described above is purported to be: 19015 OAKWOOD HEIGHTS, COTTONWOOD, CA, 96022. The undersigned Trustee disclaims any liability for any incorrect- ness of the street address and other common designation, if any, shown herein. The total amount of the unpaid balance with interest thereon of the obli- gation secured by the property to be sold plus reasonable esti- mated costs, expenses and ad- vances at the time of the initial publication of the Notice of Sale is $259,575.93. It is possible that at the time of sale the opening bid may be less than the total indebtedness due. In addition to cash, the Trustee will accept cashier’s checks drawn on a state or national bank, a check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, savings asso- ciation, or savings bank speci- fied in Section 5102 of the Finan- cial Code and authorized to do business in this state. Said sale will be made, in an ’’AS IS’’ con- dition, but without covenant or warranty, express or implied, re- garding title, possession or en- cumbrances, to satisfy the in- debtedness secured by said Deed of Trust, advances thereunder, with interest as pro- vided, and the unpaid principal of the Note secured by said Deed of Trust with interest thereon as provided in said Note, plus fees, charges and ex- penses of the Trustee and of the trusts created by said Deed of Trust. DATED: 02/24/2011 RECONTRUST COMPANY, N.A. 1800 Tapo Canyon Rd., CA6-914- 01-94 SIMI VALLEY, CA 93063 Phone: (800) 281 8219, Sale Infor- mation (626) 927-4399 By:-- Trustee’s RECONTRUST COMPANY, N.A. is a debt collector attempting to collect a debt. Any information obtained will be used for that purpose. ASAP# FNMA4045941 07/26/2011, 08/09/2011 Sale Officer 08/02/2011, TS# 11-1631 NOTICE OF TRUST- EE’S SALE YOU ARE IN DEFAULT UNDER A DEED OF TRUST DAT- ED: 10/13/06 . UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDINGS AGAINST YOU, YOU SHOULD CONTACT A LAWYER. A public auction sale to the highest bidder for cash, cashier’s check drawn on a state or national bank, check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, or savings as- sociation, or savings bank speci- fied in section 5102 of the Finan- cial Code and authorized to do business in this state, will be held by the duly appointed trustee. The sale will be made, but without covenant or warran- ty, expressed or implied, regard- ing title, possession, or encum- brances, to satisfy the obliga- tion secured by said Deed of trust. The undersigned Trustee disclaims any liability for any in- correctness of the property ad- dress or other common designa- tion, if any shown herein. TRUSTOR: Geroy Blake and Shei- la Blake, husband and wife, as joint tenants RECORDED: 10/19/06 as instrument No. 2006- 0209990 of Official Records in the office of the Recorder of Tehama County, California DATE OF SALE: Monday August 15, 2011 at 2:00 P.M. PLACE OF SALE: the main entrance of the county courthouse, 633 Wash- ington St., Red Bluff, CA THE COMMON DESIGNATION OF THE PROPERTY IS PURPORTED TO BE: 16990 Rancho Tehama Road, Corning, CA 96021 APN#: 062- 120-88 Estimated Opening bid: $95,762.36 The total amount secured by said instrument as of the time of the initial publication of this notice is stated above, which includes the total amount of the unpaid balance (including accrued and unpaid interest) and reasonable estimated cost, expenses, and advances at the time of initial publication of this notice. The mortgagee, benefi- ciary or authorized agent con- tacted the borrower to discuss the borrower’s financial situa- tion and to explore options for the borrower to avoid foreclo- sure in compliance with Califor- nia Civil Code Section 2923.5 Date: 7/21/11 Foreclosure Spe- cialists, LLC, 6392 Westside RD, Ste C Redding ,CA 96001, 530- 246-2727 Janelle Van Bockern Trustee Sale Officer. Foreclo- sure Specialists, LLC, is assisting the beneficiary in collecting a debt. Any and all information obtained may be used for that purpose. TAC#939021 PUB: 7-26, 8-2, 8-9 LEGAL NOTICE NOTICE OF TRUSTEE’S SALE TS No. 11-0036722 Title Order No. 110227796 Investor/Insurer No. 1700987189 APN No. 031-153-091 YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED 03/23/2006. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER." Notice is hereby given that RECONTRUST COMPANY, N.A., as duly appointed trustee pursuant to the Deed of Trust executed by JAMES A. BONOMINI AND KATHY A. BONOMINI, HUS- BAND AND WIFE, AS JOINT TEN- ANTS, dated 03/23/2006 and re- corded 03/28/06, as Instrument No. 2006-006736, in Book , Page ), of Official Records in the office of the County Recorder of Tehama County, State of Califor- nia, will sell on 08/30/2011 at 2:00PM, At the main entrance to the Tehama County Courthouse, 633 Washington Street, Red Bluff, CA 96080 at public auction, to the highest bidder for cash or check as described below, paya- ble in full at time of sale, all right, title, and interest con- veyed to and now held by it un- der said Deed of Trust, in the property situated in said County and State and as more fully de- scribed in the above referenced Deed of Trust. The street ad- dress and other common desig- nation, if any, of the real proper- ty described above is purported to be: 1215 ORANGE STREET, RED BLUFF, CA, 96080. The under- signed Trustee disclaims any li- ability for any incorrectness of the street address and other common designation, if any, shown herein. The total amount of the unpaid balance with inter- est thereon of the obligation se- cured by the property to be sold plus reasonable estimated costs, expenses and advances at the time of the initial publica- tion of the Notice of Sale is $184,969.85. It is possible that at the time of sale the opening bid may be less than the total in- debtedness due. In addition to cash, the Trustee will accept cashier’s checks drawn on a state or national bank, a check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, savings asso- ciation, or savings bank speci- fied in Section 5102 of the Finan- cial Code and authorized to do business in this state. Said sale will be made, in an ’’AS IS’’ con- dition, but without covenant or warranty, express or implied, re- garding title, possession or en- cumbrances, to satisfy the in- debtedness secured by said Deed of Trust, advances thereunder, with interest as pro- vided, and the unpaid principal of the Note secured by said Deed of Trust with interest thereon as provided in said Note, plus fees, charges and ex- penses of the Trustee and of the trusts created by said Deed of Trust. DATED: 08/06/2011 RECONTRUST COMPANY, N.A. 1800 Tapo Canyon Rd., CA6-914- 01-94 SIMI VALLEY, CA 93063 Phone: (800) 281 8219, Sale Infor- mation (626) 927-4399 By: Trust- ee’s Sale Officer RECONTRUST COMPANY, N.A. is a debt collec- tor attempting to collect a debt. Any information obtained will be used for that purpose. ASAP# FNMA4059395 08/16/2011, 08/23/2011 08/09/2011, Alinda Carroll Stout TO ADMINISTER ESTATE OF NOTICE OF PETITION To all heirs, beneficiaries, cred- itors, contingent creditors, and persons who may otherwise be interested in the will or estate, or both, of Alinda Carrowll Stout A Petition for Probate has been filed by John Ramirez in the Su- perior Court of California, Coun- ty of TEHAMA THE PETITION FOR PROBATE requests that John Ramirez be appointed as per- sonal representative to adminis- ter the estate of the decedent. The petition requests the decedent¹s will and codicils, if any, be admitted to probate. The will and any codicils are availa- ble for examination in the file kept by the court. The petition requests authority to administer the estate under the Independent Administration of Estates Act. (This authority will allow the personal repre- sentative to take many actions without obtaining court appro- val. Before taking certain very important actions, however, the personal representative will be required to give notice to inter- ested persons unless they have waived notice or consented to the proposed action.) The inde- pendent administration authori- ty will be granted unless an in- terested person files an objec- tion to the petition and shows good cause why the court should not grant the authority. A hearing on the petition will be held in this court as follows: 9/19/2011 at 1:30 p.m. in Dept. 3 located at 633 Washington Street, P.O. Box 310, Red Bluff, CA 96080 If you object to the granting of the petition, you should appear at the hearing and state your objections or file written objections with the court before the hearing. Your appearance may be in person or by your attorney. If you are a creditor or a contin- gent creditor of the decedent, you must file your claim with the court and mail a copy to the personal representative ap- pointed by the court within four months from the date of first is- suance of letters as provided in Probate Code section 9100. The time for filing claims will not ex- pire before four months from the hearing date noticed above. You may examine the file kept by the court. If you are a person interested in the estate, you may file with the court a Re- quest for Special Notice (form DE-154) of the filing of an inven- tory and appraisal of estate as- sets or of any petition or ac- count as provided in Probate Code section 1250. A Request for Special Notice form is available from the court clerk. Attorney for petitioner Matthew C. McGlynn McGlynn & McGlynn 737 Washington St., P.O. Box 1110 CASE NO. 14706 Red Bluff, CA 96080 Publish: Aug 5, 9 & 12, 2011 Legal Notices Legal Notices LEGAL NOTICE NOTICE OF TRUSTEE’S SALE TS No. 11-0034131 Title Order No. 110212038 Investor/Insurer No. 1704661145 APN No. 006-080-411 YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED 08/24/2007. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER." Notice is hereby given that RECONTRUST COMPANY, N.A., as duly appointed trustee pursuant to the Deed of Trust executed by HEATHER COLLINS, AND FORREST COLLINS, WIFE AND HUSBAND AS JOINT TEN- ANTS, dated 08/24/2007 and re- corded 08/31/07, as Instrument No. 2007015425, in Book , Page ), of Official Records in the office of the County Recorder of Tehama County, State of Califor- nia, will sell on 08/16/2011 at 2:00PM, At the main entrance to the Tehama County Courthouse, 633 Washington Street, Red Bluff, CA 96080 at public auction, to the highest bidder for cash or check as described below, paya- ble in full at time of sale, all right, title, and interest con- veyed to and now held by it un- der said Deed of Trust, in the property situated in said County and State and as more fully de- scribed in the above referenced Deed of Trust. The street ad- dress and other common desig- nation, if any, of the real proper- ty described above is purported to be: 18410 DEL NORTE DR, COT- TONWOOD, CA, 960228620. The undersigned Trustee disclaims any liability for any incorrect- ness of the street address and other common designation, if any, shown herein. The total amount of the unpaid balance with interest thereon of the obli- gation secured by the property to be sold plus reasonable esti- mated costs, expenses and ad- vances at the time of the initial publication of the Notice of Sale is $166,323.61. It is possible that at the time of sale the opening bid may be less than the total indebtedness due. In addition to cash, the Trustee will accept cashier’s checks drawn on a state or national bank, a check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, savings asso- ciation, or savings bank speci- fied in Section 5102 of the Finan- cial Code and authorized to do business in this state. Said sale will be made, in an ’’AS IS’’ con- dition, but without covenant or warranty, express or implied, re- garding title, possession or en- cumbrances, to satisfy the in- debtedness secured by said Deed of Trust, advances thereunder, with interest as pro- vided, and the unpaid principal of the Note secured by said Deed of Trust with interest thereon as provided in said Note, plus fees, charges and ex- penses of the Trustee and of the trusts created by said Deed of Trust. DATED: 07/26/2011 RECONTRUST COMPANY, N.A. 1800 Tapo Canyon Rd., CA6-914- 01-94 SIMI VALLEY, CA 93063 Phone: (800) 281 8219, Sale Infor- mation (626) 927-4399 By: - Trustee’s RECONTRUST COMPANY, N.A. is a debt collector attempting to collect a debt. Any information obtained will be used for that purpose. ASAP# FNMA4038784 07/26/2011, 08/09/2011 Sale Officer 08/02/2011,