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Saturday, March 27, 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,MARCH27 Red Bluff American Association of University Women, 2 p.m., Dorothy Lindauer's home, 11790 Tyler Road, 527-3272 Kiwanis Easter Egg Hunt,9 a.m., Jackson Heights Elementary School, 528-4702 SUNDAY,MARCH 28 Corning Evangelist services, 7 p.m., Family Bible Church, 609 Marin St., 824-9989 Ride On Race Series cyclocross racing, 10 a.m., Forward Park, 410-8432 MONDAY,MARCH 29 Red Bluff Al-Anon, 6 p.m., Presbyterian Church, Jefferson and Hickory HIRE (Head Injury Recreational Entity), 10 a.m., St. Elizabeth Community Hospital, Coyne Center, Rusty, 529-2059 Key to Life, 6 p.m., Red Bluff Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 Red Bluff Community Band, 6:45-8:45 p.m., Red Bluff Community and Senior Center, 1500 S. Jackson St., 527-3486 Sun Country Quilters Community Service Group, 9 a.m. tp 3 p.m., Red Bluff Family Resource Center, 220 Sycamore St. Ste. 101, 528-8066 Corning Narcotics Anonymous, and 7 p.m., 815 First St., 385-1169 or 566-5270.Meetings are everyday through Saturday with an additional meeting at noon on Mon- days 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 TUESDAY,MARCH30 Red Bluff PAL Kickboxing, 4 p.m., 1450 Schwab St., 529- 8716 or 200-3950 Playtime Pals Playgroup, 9:30 a.m., Red Bluff 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 Patriots, 6 p.m., Trinity Landmark Missionary Church, 20920 Hampton Rhodes Drive Corning Spanish Adult Education, 1:30 p.m., Corning Family Resource Center, West and South streets, 824- 7670 WEDNESDAY,MARCH 31 Red Bluff Adult Wood Carving Class, 10 a.m. to noon, Vet- erans Memorial Hall, 735 Oak St., 824-5669 Al-Anon, noon to 1 p.m., Presbyterian Church, Jef- ferson and Hickory Elks duplicate bridge, noon, Elks Lodge, 355 Gilmore Road, 528-9418 PAL Youth Carving Class, 3-4:30 p.m., Communi- ty Center, 1500 S. Jackson St., free, 824-5669. Red Bluff Kiwanis, noon, Elks Lodge Senior Dance,7 p.m., Westside Grange, Walnut St. Widowed persons breakfast, 8 a.m., Tremont Cafe & Creamery, 731 Main St., men and women wel- come, 384-2471 Corning Strategies for Success, Life Skill classes, 1:30 p.m., Family Resource Center, West and South streets, 824-7670 Los Molinos Free ESL Class, Childcare Included, 3:30-4:30 p.m., Los Molinos Elementary, 7700 Stanford Ave., 384-7833 THURSDAY, APRIL 1 Red Bluff California HEAT chorus, 7 p.m., Metteer School, 695 Kimball Road, 527-8001 Grief Support Group, 3 p.m., St. Elizabeth Com- munity Hospital, Coyne Center, Kristin, 528-4207 Live country music,5-7 p.m., with dinner, Veterans Hall Painting session, Red Bluff Art Association, 10 a.m., Snug Harbor recreation room, 600 Rio Vista Ave., 527-4810 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 Corning Calif. Largest Selection In Tri-County • Herbal Medicines • Edibles (Foods) • Clones 1317 Solano St. (530) 824-4811 www.tehamaherbalcollective.vpweb.com It's time to rebuild life on savings When it comes to your personal balance sheet, there's good news and bad news — according to econ- omists. The good news is that you're saving more; the bad news is that you're spending less. That should teach you never to run your personal finances based on econ- omists' advice. Seriously, it's pretty good news on an individual basis that we Americans have stopped our spending binge and started saving. Just to put the statistics in perspec- tive, Americans have historically saved about 4 percent of their dis- posable income. That all changed after the turn of the century. The savings rate plunged below zero in June 2005. Americans were actually dis-saving -- financing their lifestyles on credit cards and home-equity loans. When the econ- omy slowed, that huge debt bubble burst, leaving millions on the brink of disaster. The good news from last week's Federal Reserve report on house- hold debt is that the total consumer debt, including mortgages and credit-card balances, fell 1.7 per- cent in 2009 -- to only $13.5 tril- lion. It was the first annual drop since they began keeping records in 1945. The bad news is the way much of the decline occurred. Sure, some people got smart, or worried, and paid down their credit-card bal- ances. But many more went bank- rupt or defaulted on mortgages. When a lender takes a "write-off," that amount simply disappears from the consumer borrowing statistics. In other words, a lot of our per- sonal debt simply disappeared down a black hole. Sure, your loan default shows up to lower your credit score, but it also allows many people to get that well-advertised "fresh start" -- without the burden of debt repay- ment. If you're wondering why you shouldn't take advantage of this process, you're like the woman I wrote about recently -- wondering why she's struggling to pay her debts while others simply start over. Since those who default will eventually get new credit as the politicians strive to get the econo- my moving again, this has become more a moral question than an eco- nomic one. Even more disturb- ing is the current cheering from economists who look at the Fed's household debt statistics. They think the lower debt figures are encouraging - - and not just because it shows people trying to live within their means. Many economists say the drop in the debt level prepares consumers to start buying again. Since the American consumer accounts for about two- thirds of our domestic economy, and about 20 percent of global eco- nomic activity, this opportunity is seen as beneficial by economists. They're hoping consumers start spending those new savings, spurring the global economy. This is where you come in. I've been "preaching" for years that it's not your "patriotic duty" to spend the economy into prosperity, while you take on debt. I've always advised paying down your mort- gage so that your home would be debt-free by retirement. Now, assuming you still have your job and your home, you have the chance to start the next up-cycle on sound, debt-free or lower-debt, footing. You'll want to keep invest- ing in future growth for your retire- ment. But this time around, you'll consider twice before spending instead of saving and investing. I can read your mind. "What if everyone took this attitude and stopped spending," you're wonder- ing. The answer is simple. Human nature being what it is, relatively few will learn the lesson of this eco- nomic decline. When the economy starts growing again, they'll start shopping. Financial institutions, eager to make money on loans, will lend again -- even to those who defaulted in the past. But next time around, the debtors won't get off so easy. First, they'll be com- peting with the huge bor- rowing needs of the federal government. Second, lenders will be smart enough to protect them- selves with variable-rate loans on credit cards and mortgages. Then the combined bor- Terry Savage The Savage Truth on Money rowing demand will quick- ly push interest rates high- er -- either in competition for funds or in fear that the Fed will print money and cause inflation. Those pun- ishing high rates will stop the next boom in its tracks relatively quickly. If you're a consumer who understands that the next down-cycle will be even more devastating, you'll take advantage of the current pause to lock in a fixed mortgage rate. If you can, you'll even pay extra on your mortgage loan. You'll avoid rolling credit- card debt past the end of the month. You'll be one of the smart ones who rebuilds a life on savings instead of borrowing. These personal decisions are all part of a global economic cycle that is becoming more volatile, more amplified and more punishing. You've been given your chance to get off the roller coaster and stand on firm ground. Use that chance wisely, and you'll be glad you did. 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?" Bug Bake-Off Sunday at Gateway The Gateway Science Museum will be hosting this year’s Crunch Brunch, a special bake-off competition, in honor of its Backyard Monsters exhibit, 11 a.m. to 1 p.m. Sunday, March 28 Contestants from the College of Natural Sciences’ student organizations competing in The World of Insects bake-off will be required to create baked goods such as a cookie or brownie using at least one-half cup of freeze- dried mealworms as an ingredient. Edible insects? Sounds crazy, but it is nutritious. Students and museum visitors will be encouraged to taste test the contestants’ entries and vote for their 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 •Michelle Dianne Ryan, 27, Red Bluff, was arrested Thursday night on Wiltsey Avenue by the RBPD on suspicion of inflicting traumatic injury in a domestic situation. Bail was set at $25,000. •James Donald Pro Carione, 22, Red Bluff, was arrested Thursday afternoon at the corner of Highway 99W and Friendly Acres on suspi- cion of bringing a con- trolled substance into an area with prisoners. Bail was set at $10,000. • A 37-year-old Corning man was arrested for public intoxication by Corning Police early Friday morning in the area of Toomes Avenue, north of Loleta Avenue. Officers were sent to the area after receiving a report of debris in the road- way. Officers found Joseph Ray Veaver running into a vacant field. Veaver was contacted and “was admit- tedly on speed.” He was arrested without incident. Bail was set at $250. Theft •A $250 Metro PCS Touch Screen N750 phone was reported stolen Thursday evening g from an unlocked vehicle at Food Maxx. •A purse was reported lost Thursday evening at the Dollar Tree. •Jessica Lauren Prinz reported the theft of Oxy- contin Thursday afternoon from Gazelle Place. It is believed the thief entered through a window. Vandalism •A vehicle sustained about $500 in vandalism damage from a keying reported Thursday after- noon on Miller Way. •Samantha Ann Stin- nett reported vandalism Thursday morning to an Executive Drive resi- dence. Odd •A 12-year-old reported- ly started throwing rocks and trying to break glass favorite baked good. The contestant with the most votes will win a surprise “gag” gift. No one who has known dust or shellfish allergies should participate. Mealworms are arthropods, just like lobsters. If a person is allergic to shellfish, the person is likely to be allergic to mealworms as well. The Gateway Science Museum had its official grand opening Feb. 27. The museum, at 625 Esplanade, is open noon to 5 p.m. Wednesday through Friday and 10 a.m. to 5 p.m. Saturday and Sunday. Admission is $5 for adults, $3 for children and free for museum members. For more information, visit www.gatewayscience.org. Thursday afternoon on David Avenue when he realized there was no fast food in the house. •A miniature pony was reported in city limits Thursday morning on Hin- kle Street. Crash • Wenjie Dong, 23, of Eugene, Ore. was uninjured when the rental vehicle she was driving went through a field fence at 10:30 p.m. Thursday on northbound Interstate 5, south of Thomes Creek. Dong was driving north on I-5 when for unknown reasons she allowed her vehicle to run off the right road edge where it damaged about 40 feet of fence. The car received major damage. Hit and run • Cody Harris of Maupin, Ore. parked his Deep tissue massage therapy specializing in chronic pain & injury relief. your giddy-up? Been pushin cattle, Working horses? Got a hitch in A Better Path Located between Red Bluff & Corning Sally Eisinger, CMT 824-6860 Rio Skin & Body Works Spa Deana Owens and Kelsey Maeder Now Offering Welcomes One hour Massage and One hour Facial Package Only $ 99 Open: Monday-Saturday Call 527-7762 810 Rio Street, Red Bluff Gift Certificates Available expires: 4/30/10 2002 Dodge pickup Mon- day morning at a resi- dence in the 2500 block of Kirkwood Road in the Corning area and returned later to find an unknown person had entered his vehicle and driven for- ward, hitting a horse trail- er, which went backwards and hit a utility trailer. The party then fled the scene without notifying the owners.