Issue link: https://www.epageflip.net/i/8942
Saturday, April 10, 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, APRIL 10 Red Bluff 10th Annual Spring Run, by Soroptimist Interna- tional of Red Bluff, 8 a.m., $25, registration at 7:30 a.m., Sacramento River Discovery Center, 527-1038 42nd Annual Rodeo Doubles Bowling Tourney, Lariat Bowl Airplane Display Days, 8 a.m.-1 p.m., Red Bluff Airport, 1760 Airport Blvd., 527-6547 Book signing, Victim of Pleasure by Doug Shep- ard, 10-2 p.m., Book Barn, 619 Oak St. Celebration in the Streets Round-Up Kick-off, 8 a.m. to 4 p.m., Washington and Pine streets, ICS Chili Cook-off, Classic Car Show, Horse Chip Bingo, Pony Rides, Buggy Rides, Easter Egg Hunt, Live Entertain- ment The Cowboys starring John Wayne, 6:30 a.m. reception, 7 p.m. entertainment, State Theatre, 529- 2787 Decorative Brushes of No. California, 10 a.m., Red Bluff Community Center, 1500 S. Jack- son St. Guided Bird Walk, 8 a.m., Sacramento River Dis- covery Center, 1000 Sale Lane, 527-1196 or ccramer@tehama.k12.ca.us Kelly-Griggs House Museum Appraisal Day with Appraiser John Humphries., 10a.m. to 2p.m. 311 Washington St. by appointment only, 527-2462 Tehama County Resource Conservation District Gardening Workshop, 8 a.m.to 2 p.m., Jr.Arts Build- ing, Tehama District Fairground, 527-3013, ext. 3 SUNDAY, APRIL 11 Red Bluff 42nd Annual Rodeo Doubles Bowling Tour- ney, Lariat Bowl Airplane Display Days, 8 a.m.-1 p.m., Red Bluff Airport, 1760 Airport Blvd., 527-6547 Decorative Brushes of No. California, 10 a.m., Red Bluff Community Center, 1500 S. Jack- son St. Diabetes Education Class, 5 p.m., St. Peter’s Episcopal Church, 510 Jefferson St., 527-5205. MONDAY, APRIL 12 Red Bluff Al-Anon, 6 p.m., Presbyterian Church, Jeffer- son and Hickory American Legion Blood Drive, 3 p.m. to 6 p.m., 1620 Solano St., 243-0160 Cardiac Support Group, 7 p.m., St. Elizabeth Community Hospital, Columba Room. For informa- tion call Loree at 527-5077 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. Suite 101, 528-8066 Red Bluff Community Band, 6:45-8:45 p.m., Red Bluff Community / Senior Center, 1500 S. Jackson St., 527-3486 Spartan Athletic Booster Club, 6:30 p.m. Red Bluff Union High School Media Center/ Library Sun Country Quilters Community Service Group, 9 a.m. to 3 p.m., Red Bluff Family Resource Center, 220 Sycamore St. Suite 101, 528-8066 Tehama County Sheriff’s Search and Res- cue, 7 p.m., Stillwell Training Center, Park Ave. near Baker Road. 527-7546 Corning Corning Neighborhood Watch, 5:30 p.m., city council chamber, City Hall, 794 Third St. Narcotics Anonymous, 7 p.m., 815 First St., 385-1169 or 566-5270. Meetings are everyday through Saturday with an additional meeting at noon on Mondays. Sewing group, 9 a.m., Corning Family Resource Center, West and South streets, 824- 7670 Spanish Adult Education, 5 p.m., Corning Family Resource Center, corner of West and South streets, 824-7670 Strategies for Success, Life Skill classes, 1:30 p.m., Corning 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 Richfield 6:30 p.m., Richfield Neighborhood Watch Program, Richfield Elementary School, 23875 River Road, 824-6260 TUESDAY, APRIL 13 Red Bluff American Association of University Women Lunch Bunch, noon, Cozy Diner Antelope School Board, 5:30 p.m., Berrendos School Library, 401 Chestnut Ave. Bend School Board, 6:30 p.m., 22270 Bend Ferry Road Saturday, April 10th •11am-6pm Tri-Tip & Chicken BBQ $12 Adults • $6 Kids Bounce House Face Painting A portion of the proceeds go to The Landon Touvell Benefit CORNING • I-5 AT SOUTH AVE. 824-0717 U.S. rolls out another mortgage aid plan The government is giving it one more try -- making a new effort to help homeowners who are facing foreclosure. The HAMP -- Homeowners Affordable Modification Program -- has been thrown into the laundry hamper. Now it is being modified in an attempt to break the surge in foreclosures and the logjam in modifications. Since HAMP was announced with much fanfare a year ago, it has resulted in permanent modifi- cation of only 168,000 mortgages - - out of more than 1.7 million potentially eligible cases. That sad result came in spite of the fact that servicers were offered a bonus of $1,000 for each modification and another $1,000 for each year the homeowner stayed in the program, along with incentives to homeown- ers. In spite of that program, the banks have simply ignored the concept of modifying loans -- except for vague promises of "trial modifications" that rarely result in permanent change. It's almost as if the banks set out to deliberately discourage modifications. I have received dozens of pleading e- mails from readers, describing lost documents, rude and inattentive bank employees, and broken promises. Worst of all has been the unwill- ingness of banks to even talk to homeowners about a modification until a loan is delinquent by 90 days. That's the Catch-22 of our generation. Becoming delinquent ruins the borrower's credit and destroys any real chance of a per- manent modification. No wonder Americans are frustrated and angry. Last week, Bank of America said it would not only adjust inter- est rates, but reduce principal on some loans originated by Country- side (the egregious sub-prime lender it purchased in July 2008) by as much as 30 percent for bor- rowers who are delinquent and owe about 20 percent more than the current value of the home. The goal is to modify the mort- gage enough so that payments con- sumes only 31 percent of income. But the loan for- giveness is spread out over five years -- and this amount would eventually have to be repaid when the home is sold. Bank of America says about 45,000 bor- rowers could see their loan balances reduced, by an average of more than $62,000. They say they'll contact those who qualify. So don't be afraid to talk to them if they call. Then Friday, the gov- ernment announced new federal mortgage relief for homeowners who are out of work, underwater on their mortgages and/or behind on their payments. It's a large group, since one out of every four homeowners owes more than the home is worth. Under the new pro- gram, those who are unemployed will have their loan payments reduced to a maximum of 31 percent of their unemploy- ment benefit for up to six months. Presumably they will find a job during this time. The borrower must be living in the home, have a loan of less than $729,000, be receiving unemployment benefits - - and be no more than 90 days late in their mortgage payments. For those who are working, but at a reduced income that is not enough to cover their current mort- gage payments, banks are being encouraged -- but not required -- to offer a principal reduction, to bring the mortgage down to current val- ues and reduce the monthly pay- ments. These programs are so complex that I strongly doubt they will stem the tide of foreclosures -- if only because of all the red tape and complexity. Only when banks real- ize that it is costing them more to foreclose or maintain an empty Terry Savage The Savage Truth on Money home for sale than it would to modify loans to homeowners under new standards will there be a slowdown in the rush to foreclose and a serious attempt to modify loans. There is one additional underlying issue: If a bank decides to forgive a por- tion of its loan, the bank shareholders suffer as lower profits are reported. That may be the best busi- ness decision for the bank. But if the federal gov- ernment commits $50 bil- lion in TARP funds to principal-reduction pro- grams, as proposed, is this an appropriate use of tax dollars and incentives? On one hand, falling home values and vacan- cies as a result of foreclo- sures will affect all nearby homeowners. So maybe we do have a vested inter- est in having tax dollars used to support the mar- ket. On the other hand, what message does this send to those who have been strug- gling to make the payments on their homes -- or to those who paid off their mortgages? Is it fair for the government to take their tax dollars to subsidize their troubled neighbors -- even if it does improve the neighborhood? It's worth debating. But this kind of debate in Washington is akin to "Nero fiddling while Rome burns." While we attempt these ineffectual programs, we are destroying the concept of home- ownership as the centerpiece of the American economy and the Amer- ican dream. 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?" Art Appreciation Night at Cottonwood Library Special to the DN COTTONWOOD — Did you ever wonder about the story behind the famous, "American Gothic" painting, or what inspired another famous work of art? These and more behind the scene stories will be revealed at an educa- tional evening of art and history being jointly presented by the Cot- tonwood Community Library and art students from Mr. Alan Demsh- er’s art class from West Valley High School. The National Endow- ment for the Humanities 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 • Myles Arthur Lewis, 23, of Corning, was arrested Friday on the 800 block of Hwy 99W, by Corning Police for pos- session of .4 grams of methamphetamine. Bail was set at $10,000. • Raquel Anna Soliz, 28, of Corning, was arrested Thursday on the 300 block of Hoag Road, by Corning Police for possession of a smoking or injection device, 1st Annual has put together a com- prehensive sampling of studies, called "Pictur- ing America", which is composed of 40 careful- ly selected works of art spanning several cen- turies — all by Ameri- can painters, sculptors, photographers and architects. Explana- tions, descriptions and insight into the back- ground of the body of work are provided for each of the forty pieces. A grant from the NEH made this material available to the library. Gayle Harrington, director of Library Ser- destruction of evidence and violating parole. Bail was not set. • Fallon Leann Hale, 20, Red Bluff, was arrest- ed on the east tent on Paynes Creek Road on suspicion of cashing $160 of checks in her father’s name. Bail was set at $20,000. Theft • About 20 feet of tele- phone line was reported cut and stolen Thursday morning on Antelope Boulevard. At the same location, two electric plugs were reported stolen, one taken some- time after Tuesday after- noon, valued at $4, and the other taken two weeks ago, valued at $50. • A citizen reported the theft of a computer, tools vices for the Cotton- wood Community Library, declared that the library was pleased to receive this body of work and was excited to do a presentation to the community. Upon further discus- sion, it was decided to include art students from the local high school in the presenta- tion. "We felt like this would be a win-win sit- uation for the Cotton- wood community,” said Harrington. "It was a way for us to engage with the high schoolers, and other items from both of his vehicles Thursday morning on Lindauer Road. • A citizen reported a burglary to a trailer Thursday morning on Amber Way. It is believed the thief entered through the window. • A car was reported broken into Thursday night at Applebee’s. Its steering column was reportedly damaged and items from the car were reported stolen. •About 90 Hydrocone pills were reported stolen from a vehicle Thursday afternoon at the Dollar Tree. • A purse was reported found Thursday afternoon at the Dollar Tree, minus about $60 in cash. GREEN BARN STEAKHOUSE Comfortably Casual Dining LUNCH SPECIALS 11:30 am - 2 pm Served with 1 menu item Tuesday Barn Burger Wednesday Corned Beef Reuben Thursday Prime Rib French Dip Friday Steak Sandwich Good thru April 15th $699 No substitutions, not good on to go orders 5 Chestnut Ave.,Red Bluff • 527-3161 and at the same time it would give those stu- dents an opportunity to interact with the library, gain some experience and presentation expo- sure and to do some community service out- reach." The Art Appreciation Night will be 6:30-8 p.m., April 21, at the Cottonwood Communi- ty Library, 3427 Main Street. Admission is free and refreshments will be served. For information, con- tact the Cottonwood Community Library at 347-4818. Vandalism The circular, glass cover to an electricity reader was reported bro- ken Thursday morning at the Gerber Community Center on San Benito Avenue. It is believed the glass was broken with a BB gun. Odd A woman reported finding her mailbox wrapped so tightly with plastic wrap that she could not open it Thurs- day morning on Al Fresco Road.