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MarketWatch D DowJones 17,387.21 -291.49 D S&P 500 2029.55 -27.54 D Nasdaq 4681.50 -90.26 The Annual Corning Chamber of Commerce Installation Dinner was a wonderful evening with 150 attendees who enjoyed a delicious meal catered by Ranchers Deli & Meats. We welcomed the new directors and installed the executive board. The Executive Board consists of President Christina Meeds of Christina Meeds Photography, President Elect Melodie Poisson of DM Tech, Treasurer Terry Barbo of Rabobank and Past President Ronda Hay- wood of H&R Block. The new directors who were recognized are Chico Avila, who could not at- tend, from Corning Glass & Auto; Jerry Crow, In- dividual; Steve Forrest, Hall Bros. Mortuary and Claire's Flowers; Rosie Flores, Farmers Insurance; Lisa Garcia, Garcia's Corn- ing Consignment; Wyatt Haywood, Corning High School; Linda Hill, Round Table Pizza; Steve Kim- brough, Stephen J. Kim- brough Consulting; Dale McFall, Ranchers Deli & Meats; J.C. Pendergraft, House of Brews and Maria Salas, Hispana Americana News. The three alter- nates are Kristin Behrens, St. Elizabeth Community Hospital; Kandace Daniel- son, Head Start and Oscar Mundo, Individual. The Business of the Year award was presented by Ronda Haywood and pre- sented to House of Brews owned by James Pend- ergraft, better known as J.C. She said, "The cham- ber recognizes a business that has grown, but also that is one that gives back to the community that sup- ports it… This business has become a great hang out for people of all ages and is especially popular with teenagers. Growing up the owner always loved music, so he has promoted an atmosphere where any- one can practice and per- form. While slinging great coffees James Pendergraft has grown a wonderful business out of House of Brews. Congratulations JC, and House of Brews on be- ing Business of the Year." J.C. wants everyone to know that he didn't build this business on his own, but that Kandace Daniel- son has been by his side the entire time, with her ideas and support. Being taken by surprise at the dinner, he said he failed to mention that he wouldn't be where he is without Kandace and wanted to thank her for all the help she has given him. The Volunteer of the Year was presented by Tony Cardenas to Gary Strack, who talked about the many things that he does in the community that no one even knows about. Cardenas went on to talk not only about what Strack does in the commu- nity but his character. He is kind-hearted, true to self, friendly, a person who will listen to what others have to say, and under- stands that some may not agree, but will research and do what is best. He is a person of principals who taught his daughter that rules are to be obeyed. Cardenas said, "In case you haven't figured out who I'm talking about… we have been blessed, that for over forty years he has made serving the city of Corning, either as council member or mayor, his av- ocation. Please join me in recognizing Gary Strack for his selfless dedication to our community. He is truly a deserving recipient of this year's Volunteer of the Year Award." Congratulations to both Business of the Year and Volunteer of the Year. CORNING CHAMBER Annual Installation Dinner a big success Tehama County Em- ployer Advisory Council in partnership with the Em- ployment Development De- partment are scheduled to present How to Avoid the $150,000 Fine: Accommo- dation for Disabilities. Speaker Linda Durrer is a Return to Work Con- sultant with more than 20 years of experience work- ing with employees who have disabilities. Linda facilitates the interactive accommodation for pub- lic agencies and employers. Topic points will include when to engage in the in- teractive accommodation process, what is the defi- nition of a disability, the steps of the interactive accommodation process, types of reasonable accom- modations and when the employer is not obligated. The workshop is sched- uled for 7:30-9 a.m. Thurs- day, Feb. 5 at the Job Train- ing Center, 724 Main St. in Red Bluff. There is no cost to at- tend for members, $20 for non-members. Pre-regis- ter online at ceac,org/re- gion_1/tehama_county_ eac/tehama_calendar/ or RSVP to Michelle Clem- ent, mclement@jobtrain- ingcenter.org or 529-7000 ext. 151. WORKSHOP Accommodating employees with disabilities class As you've no doubt no- ticed, your trips to the gas station have been a lot more pleasant these past several months. There's not much doubt that low oil prices have been welcome to you as a driver. But when oil is cheap, is that good for you as an investor? There's no clear-cut an- swer. But consider the fol- lowing effects of low oil prices: Positive impact on econ- omy — When you spend less at the gas pump, relative to recent years, what will you do with your savings? Like most people, you'll probably spend most of it on goods and services. If you multi- ply the amount of your in- creased spending by the millions of other Americans who are also saving money on gas, you can see that you and your fellow consumers are likely adding billions of dollars to the economy. Typ- ically, a strong economy is also good for the financial markets — and for the peo- ple who invest in them. Different results for dif- ferent sectors — Different sectors within the financial markets may respond in dif- ferent ways to low oil prices, even if the overall effect is generally positive. For ex- ample, businesses such as consumer goods compa- nies and auto manufactur- ers may respond favorably to cheaper oil and gas. But the picture might be quite a bit different for energy com- panies. You could spend a lot of time and effort trying to ad- just your investment port- folio in response to low oil prices. In fact, you may well want to consult with your fi- nancial professional to de- termine which moves might make sense for your indi- vidual situation. Yet there's actually a bigger lesson to be learned here: Don't overreact to temporary de- velopments. The recent de- cline in oil prices has cer- tainly had an economic im- pact, but no one can predict how long these prices will stay low or what other fac- tors may arise that would affect the financial markets. That's why you can't recon- figure your portfolio based on particular events, what- ever they may be — oil price drops, interest-rate fluctua- tions, political squabbles at home, natural disasters in faraway lands, and so on. If you can keep from be- ing overly influenced by specific events, you may be able to gain at least two key benefits: First, by not mak- ing trades constantly in re- action to the headlines of the day, you can avoid piling up heavy fees and commis- sions —costs that can re- duce the return rate on your investments. Second, you'll find that if you aren't al- ways thinking about what's going on in the world today, you can focus your invest- ment efforts more intensely on where you want to be to- morrow. The most success- ful investors set long-term goals and don't focus on factors they cannot con- trol, such as oil prices, in- terest-rate changes or other economic events. Instead, these investors make ad- justments, as necessary, to accommodate changes in their goals as well as other changes, such as revisions in tax laws — but they basi- cally stick to their same ap- proach for the long term. So be aware of low oil prices, but don't get so "pumped" about them that you sludge up your consis- tent investment strategy — because that strategy has the energy to keep you mov- ing toward your important objectives. Thisarticlewaswrit- ten by Edward Jones for use by your local Edward Jones Financial Advisor. Tyler Smail is a financial advisor for Edward Jones, his office is at 733 Wash- ington St. in Red Bluff. He can be reached at 529-3627 or tyler.smail@edward- jones.com. FINANCES What do low oil prices mean for investors? By Brandon Bailey The Associated Press SAN FRANCISCO Apple had another blowout quar- ter thanks to its new plus- sized iPhones, which helped the company smash sales records for the holiday sea- son. Apple said Tuesday that it sold 74.5 million iPhones during the three months that ended Dec. 31, beating analysts' ex- pectations for the latest models of Apple's most popular gadget, intro- duced in September. The surge in iPhone sales drove the company's total revenue to $74.6 bil- lion, up 30 percent from a year earlier. Net income rose 38 percent to $18 bil- lion, as Apple reported earnings of $3.06 a share. Analysts surveyed by Fact- Set were expecting earn- ings of $2.60 a share on revenue of $67.39 billion. Apple forecast revenue for the current quarter be- tween $52 billion and $55 billion. The midpoint of that range is just below the average analyst estimate of $53.6 billion for the pe- riod ending in March, when sales typically fall from their holiday season peak. Apple Chief Financial Of- ficer Luca Maestri said in an interview that reve- nue for the current period will increase between 14 and 20 percent from a year ago, despite the strong dol- lar, which has forced other companies to lower their forecasts. "We feel very good about the March quarter," Maestri added. Apple has set records with each new version of its iPhones. By compari- son, the company sold 51 million smartphones dur- ing the holiday quarter in 2013, when its iPhone 5s and 5c models were new on the scene. Bigger screens are one reason for the pop- ularity of the iPhone 6 and 6 Plus. Apple had resisted when other companies such as Samsung began introduc- ing smartphones with big- ger screens. But its iPhone 6 has a 4.7-inch screen, mea- sured diagonally, while the 6 Plus screen measures 5.5 inches. That compares to a 4-inch screen on iPhone 5 models. Record iPhone sales drive blowout quarter for Apple HOLIDAY SEASON RICHARD VOGEL — THE ASSOCIATED PRESS Shoppers walk by the Apple Store along the the Third Street Promenade in Santa Monica. 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