Monday, January 03, 2011
Evansville Municipal Court Reports for October, November, December now Available
Click on the post for the reports.
Friday, December 31, 2010
FDIC takes action against Wis Banks: Involving loans in flood hazard areas: CapTimes
Click on the post for the story in the CapTimes
Thursday, December 30, 2010
Wednesday, December 29, 2010
Tuesday, December 28, 2010
Fair Indigo to Close Hilldale Store: WSJ
Click on the post for the story in the Wisconsin State Journal.
Russ Feingold Ends Senate Service: WSJ
Click on the post for the story. Thanks Russ. We will miss you.
Boomers Face Retirement Crisis: Gazette
Click on the post for the story. The boomers are responding...They are planning on working till they die.
Sunday, December 26, 2010
Minn Budget solution will not just be draconian cuts but progressive revenue change: Daily Planet
Click on the post for the latest.
Levels of Compensation for CEO's need review; WE Energies as the case study----Is 11 million too much?
Click on the post for article in the Milwaukee Journal.
UTube: High School Artist Corner: The Music Videos of Nick Christian
Click on the post for a local artist from Verona. All lyrics and video created by Nick.
Yahoo: Finance: Blodgett: "The Bears Were Wrong"
Click on the post for the latest from Yahoo finance.
Saturday, December 25, 2010
Nostalgia: Video; Evansville School Board: Mr. Pierick speaks: The Observer Salutes the Service of Michael Pierick as Evansville School Board President
Video; Evansville School Board; Monday, March 15, 2010: Mr. Pierick speaks: "Just Say NO"----the math of taking all the Brodhead Open enrollment students does not add up---it causes Evansville Taxpayers to ante up about $4000 per student taken, in a situation where Brodhead taxpayers pay less than Evansville residents, and in addition it exhausts the physical resources of the schools.
Download File
Download File
Bloomberg Sues ECB over Greece Hidden Borrowings: UK Telegraph
The bond saga unfolds. Click on the post.
Friday, December 24, 2010
Thursday, December 23, 2010
Mailbag: Bear Trader reflects on a bond panic; on renouncing pensions etc; and holiday wishes
(Ed.note: The Bear Trader is a regular contributor to the Evansville Observer, and his comments are bearish even when giving Holiday Wishes. His bearish views are never to be considered investment advice.)
Notice that Pimco Total Return made a hell of a drop Dec. 8 and has not recovered. Dec.8 took out all the moving averages, including the 400 day SMA, and did so big time. Dec.3 PTTRX was 11.50, Dec. 8 was 10.80, a 6% drop in three trading days. This has never happened before. PTTRX is by far the largest bond fund. Some stability since, see wise crack.
MMT took out the 200 day EMA Dec. 13. Looks to be recovering, maybe. Looks like the FRB (Federal Reserve Board) is buying like a maniac on speed.
10 year Federal bond return was 2.4% Oct. 8, now is 3.346%. This is a 28% drop in price. Some stabilizing the last three days, ditto the "maniac on speed" wise crack.
So. A "real" bond panic? You mean when the lid blows off Japan and Europe Government bonds (sometime in the next two years, sooner rather than later)? Depends on what the USA does in the next weeks. Get Bernanke kenneled, stop monetizing the debt, let USA interest rates rise, (causing a USA bond panic,) run the USA like Cristie does New Jersey, let the Big Boys take their losses in bonds as interest rates return to somewhere more than inflation (say, 4.5% on Fed 90 day notes) and everything will turn out fine in the end. Otherwise the entire world's bonds will crash together simultaneously unless the USD can be the "strong currency of last resort". Otherwise gold and silver will go to the moon. Maybe even a hundred times higher in USD, Yen, and Euros. That would mean gold and silver confiscation, and Weimar - Zimbabwe inflation.
You get your social security check and buy a loaf of bread. Runs on the banks and everyone buying anything at all with it while cash still has some value.
So, "a real bond panic"? One's running now, and the Fed is monetizing like crazy. The dikes are bulging and the Fed is out of fingers.
ON that cheerful note, on to municipalities, states, etc.
The statutes are real hazey, Federaly there is no real way to roll up pension obligations except bankruptcy, Washington DC is talking about some sort of new set of laws to let States, Counties, Municipalities, etc. dump their pension obligations. We shall see.
I don't think that pension law that applies to the private sector applies to government bodies. For sure government entities are not covered by Federal pension reserves requirements applied to the private sector.
The States have sovereign immunity in lawsuits, meaning that if a State does not care to be sued in cannot be forced. Essentially their pension obligations can be terminated by States at will. Then the Feds would probably take it to Federal Court (14th Amendment). California, Illinois, Rhode Island, etc. would plead poverty, and residents of Texas, Wisconsin, and many others would balk at paying amazingly huge out of state government pensions. Also the States can unilaterally de-recognize the public unions, no unions, no contracts, no pensions. The States are not covered by the National Labor Relations Act of 1935, you see. The same is true of the Federal Government - unions are allowed there only because of JFK's Executive Order. A few words on a piece of paper above the President's signature and Federal unions are history.
Have a Merry Christmas!!!
Notice that Pimco Total Return made a hell of a drop Dec. 8 and has not recovered. Dec.8 took out all the moving averages, including the 400 day SMA, and did so big time. Dec.3 PTTRX was 11.50, Dec. 8 was 10.80, a 6% drop in three trading days. This has never happened before. PTTRX is by far the largest bond fund. Some stability since, see wise crack.
MMT took out the 200 day EMA Dec. 13. Looks to be recovering, maybe. Looks like the FRB (Federal Reserve Board) is buying like a maniac on speed.
10 year Federal bond return was 2.4% Oct. 8, now is 3.346%. This is a 28% drop in price. Some stabilizing the last three days, ditto the "maniac on speed" wise crack.
So. A "real" bond panic? You mean when the lid blows off Japan and Europe Government bonds (sometime in the next two years, sooner rather than later)? Depends on what the USA does in the next weeks. Get Bernanke kenneled, stop monetizing the debt, let USA interest rates rise, (causing a USA bond panic,) run the USA like Cristie does New Jersey, let the Big Boys take their losses in bonds as interest rates return to somewhere more than inflation (say, 4.5% on Fed 90 day notes) and everything will turn out fine in the end. Otherwise the entire world's bonds will crash together simultaneously unless the USD can be the "strong currency of last resort". Otherwise gold and silver will go to the moon. Maybe even a hundred times higher in USD, Yen, and Euros. That would mean gold and silver confiscation, and Weimar - Zimbabwe inflation.
You get your social security check and buy a loaf of bread. Runs on the banks and everyone buying anything at all with it while cash still has some value.
So, "a real bond panic"? One's running now, and the Fed is monetizing like crazy. The dikes are bulging and the Fed is out of fingers.
ON that cheerful note, on to municipalities, states, etc.
The statutes are real hazey, Federaly there is no real way to roll up pension obligations except bankruptcy, Washington DC is talking about some sort of new set of laws to let States, Counties, Municipalities, etc. dump their pension obligations. We shall see.
I don't think that pension law that applies to the private sector applies to government bodies. For sure government entities are not covered by Federal pension reserves requirements applied to the private sector.
The States have sovereign immunity in lawsuits, meaning that if a State does not care to be sued in cannot be forced. Essentially their pension obligations can be terminated by States at will. Then the Feds would probably take it to Federal Court (14th Amendment). California, Illinois, Rhode Island, etc. would plead poverty, and residents of Texas, Wisconsin, and many others would balk at paying amazingly huge out of state government pensions. Also the States can unilaterally de-recognize the public unions, no unions, no contracts, no pensions. The States are not covered by the National Labor Relations Act of 1935, you see. The same is true of the Federal Government - unions are allowed there only because of JFK's Executive Order. A few words on a piece of paper above the President's signature and Federal unions are history.
Have a Merry Christmas!!!
Paul Soglin Campaign Statement: Mayor of Madison--2011
I love the city of Madison and everything about it…its past, its people, its present and its potential.
I have seen this City from many sides: as a student at the UW and as a member of its faculty…as a City Council member, as your Mayor.
I’ve worked in the private sector as an investment advisor and as a project manager for a major Dane County corporation. I’ve worked on area-wide economic development and housing issues for the State.
I’ve seen what works in Madison and what doesn’t. I’ve been a part of moving Madison forward. I’ve never been shy about suggesting new ideas and advocating for change when I thought we could do better.
This is one of those times.
The Edgewater, the downtown library, Overture...snowplowing …taxes that are too high, a budget that is structurally unsound, the exodus of talented city managers, neighborhood groups whose input is ignored and whose participation is devalued. Good ideas that go nowhere and bad ideas that won’t go away.
Madison isn’t moving forward or working together or getting things done as it should…as it has…as it can. The next Mayor of Madison needs to have the know-how and vision to get Madison working and moving forward together during difficult, complex and challenging times.
That’s what I offer. That’s what I’ve done. And that’s why today, I am announcing my candidacy for Mayor.
Some of the news reports about my candidacy have described me as a “politician.” But let me tell you the truth: I am a lousy politician. I am too forthright. Too honest. Too interested in the nuts and bolts of leading a city. I like the exchange of ideas and the good ideas that come from open debate and discussion and collective reasoning. I like to get things done.
I’m not a politician. I am a Mayor. The inability of the current administration to get things done and to address challenges before they become crises threatens the future of our city. It undermines our ability to come together as Madisonians and focus our considerable talents and energy to collectively solve the issues – big and small – that confront us.
We can do better. During my terms as Mayor, we build the Capitol Centre and Monona Terrace, turned State Street into a bus and pedestrian mall. We laid the foundation for Madison Metro. We had a triple A bond rating recognizing our strong fiscal management. We balanced budgets.
We combined civic pride with civic responsibility. We made things happen.
Together, we can do it again. One of the first things I’ll do as Mayor will be to meet with every member of the city council to get their recommendations for their own and citizen appointments to city committees so we create a committee system that is diverse with people and ideas.
I’ll get governmental, labor, business, and educational partners together and get to work to create opportunistic programs that will expand employment, training, and workforce development for all Madisonians.
We’ll collaborate with County Government, environmentalists, urban planners and neighborhood groups to adopt a Madison Plan that comprehensively addresses our land use and transportation goals in order to create a safe and healthy environment for all Madisonians to live work, study, and play.
I’ll organize a broad based city commission, modeled on the Monona Terrace Commission, that will produce a working solution for Overture.
People from all across Madison and from across the political spectrum urged me to run for mayor. The people of this City value the services their City provides while demanding they get value for their dollars. The people of Madison want their mayor to envision and enact initiatives that ensure a positive, common future for this city, its neighborhoods, its people, its downtown, its suburbs and its parks. They want us to get things done now, for this generation without sacrificing the ability of future generations to meet their own needs.
With all the serious challenges we face, Madison is still the best City in this country to live, work and raise a family. We are home to a world class university, great public schools, gorgeous lakes, a thriving bio-tech sector. We are situated in a County distinguished by beautiful and productive farms, miles of bike trails, innovative County government programs and hard working, caring residents.
Being Mayor of Madison is the toughest job I’ve ever loved. I am prepared to focus on nothing else but working with every one of you to make Madison work -- for all its citizens -- once again.
Thank you.
- Paul Soglin
I have seen this City from many sides: as a student at the UW and as a member of its faculty…as a City Council member, as your Mayor.
I’ve worked in the private sector as an investment advisor and as a project manager for a major Dane County corporation. I’ve worked on area-wide economic development and housing issues for the State.
I’ve seen what works in Madison and what doesn’t. I’ve been a part of moving Madison forward. I’ve never been shy about suggesting new ideas and advocating for change when I thought we could do better.
This is one of those times.
The Edgewater, the downtown library, Overture...snowplowing …taxes that are too high, a budget that is structurally unsound, the exodus of talented city managers, neighborhood groups whose input is ignored and whose participation is devalued. Good ideas that go nowhere and bad ideas that won’t go away.
Madison isn’t moving forward or working together or getting things done as it should…as it has…as it can. The next Mayor of Madison needs to have the know-how and vision to get Madison working and moving forward together during difficult, complex and challenging times.
That’s what I offer. That’s what I’ve done. And that’s why today, I am announcing my candidacy for Mayor.
Some of the news reports about my candidacy have described me as a “politician.” But let me tell you the truth: I am a lousy politician. I am too forthright. Too honest. Too interested in the nuts and bolts of leading a city. I like the exchange of ideas and the good ideas that come from open debate and discussion and collective reasoning. I like to get things done.
I’m not a politician. I am a Mayor. The inability of the current administration to get things done and to address challenges before they become crises threatens the future of our city. It undermines our ability to come together as Madisonians and focus our considerable talents and energy to collectively solve the issues – big and small – that confront us.
We can do better. During my terms as Mayor, we build the Capitol Centre and Monona Terrace, turned State Street into a bus and pedestrian mall. We laid the foundation for Madison Metro. We had a triple A bond rating recognizing our strong fiscal management. We balanced budgets.
We combined civic pride with civic responsibility. We made things happen.
Together, we can do it again. One of the first things I’ll do as Mayor will be to meet with every member of the city council to get their recommendations for their own and citizen appointments to city committees so we create a committee system that is diverse with people and ideas.
I’ll get governmental, labor, business, and educational partners together and get to work to create opportunistic programs that will expand employment, training, and workforce development for all Madisonians.
We’ll collaborate with County Government, environmentalists, urban planners and neighborhood groups to adopt a Madison Plan that comprehensively addresses our land use and transportation goals in order to create a safe and healthy environment for all Madisonians to live work, study, and play.
I’ll organize a broad based city commission, modeled on the Monona Terrace Commission, that will produce a working solution for Overture.
People from all across Madison and from across the political spectrum urged me to run for mayor. The people of this City value the services their City provides while demanding they get value for their dollars. The people of Madison want their mayor to envision and enact initiatives that ensure a positive, common future for this city, its neighborhoods, its people, its downtown, its suburbs and its parks. They want us to get things done now, for this generation without sacrificing the ability of future generations to meet their own needs.
With all the serious challenges we face, Madison is still the best City in this country to live, work and raise a family. We are home to a world class university, great public schools, gorgeous lakes, a thriving bio-tech sector. We are situated in a County distinguished by beautiful and productive farms, miles of bike trails, innovative County government programs and hard working, caring residents.
Being Mayor of Madison is the toughest job I’ve ever loved. I am prepared to focus on nothing else but working with every one of you to make Madison work -- for all its citizens -- once again.
Thank you.
- Paul Soglin
Tuesday, December 21, 2010
Markets; Taxes: " I Don't Remember:" Solved:
In 2011 when baby boomers fill out their tax return or go to a tax preparer, they no longer can say that they do not remembe their "basis" or cost of the original purchase. Yes...it can be a memory problem if one purchased the stock in the 1960's....Now the IRS is going to make sure you do not forget....
Click on the post for the story.
Click on the post for the story.
Saturday, December 18, 2010
Evansville Park Board Meets Monday--Civil War Event on the Agenda
Click on the post for the full agenda.
Deal of the Week: Ace Hardware offers free fill of inkjet cartridge thru Dec 19th
Check it out. This offer applies to the 136 cartridges that they can do.. Recycling can save up to 50% of your cost. Tell them the Observer sent you.
QE2 as an Opportunity? CapTimes: Unger
Click on the post for a recent article in the CapTimes with a perspective on the recent activity in the bond market.
Thursday, December 16, 2010
School Scoop Expands On Chasin the News: "It's Up to You...It always has been"
Click on the post for a classic from School Scoop.
Blogs: Rock Net Roots: Looking for a Self Made Businessman----
Click on the post for the article. Enjoy.
St. Paul Holds the line on Property Tax levy---StarTribune
Click on the post for the latest. One assumption is that the State of Minnesota will not cut state aid to cities further...that is a big if...for Wisconsin cities as well. Stay tuned.
Wednesday, December 15, 2010
Mayor Dave ponders Attacks on Madison: "New Economy is based on ideas": CapTimes
Click on the post for the latest.
Tuesday, December 14, 2010
Mailbag: Bear Trader Writes; "Some Thoughts on Equitable Taxes"
Warren Buffet has said that he pays taxes at a lower rate than does his secretary. This is so.
The truly rich make almost all of their income from their investments. When the value of an investment goes up, this is called "capital gains", that is, as return on capital, that is, on money.
Interestingly, from my viewpoint as one of the "little people", capital gains are taxed at a much lower rate than "regular" income from wages, salaries, and the savings I have (taxed as "interest" at my regular rate). So it is for all but a very small portion of the population.
I cannot see why "capital gains" should be taxed as other than regular income. There a bogus arguments based on the idea that a low capital gains rate is merely to recompense for any "capital losses" - hey, I have capital losses, and certainly get no "recompense".
So, how about just abolishing "capital gains" from the tax laws? Income is income, right? Tax "capital gains" as regular income, WHICH IT IS.
Now my point.
Politicians are always laying on the B.S. that they are "for the little guy" and always pushing "the rich should pay their fair share". Well, then, why not get rid of this ridiculous "capital gains" tax treatment? Maybe the Big Boys wouldn't like it, eh? Maybe those Senators with net worth in the hundreds of millions of dollars would have to pay taxes on their incomes? Maybe the Billionairs would be pissed?
So, anyway, you can tell if a politician is lying easily. Are his lips moving?
At least the Pubs don't lie as much as the Dems. "I'm for the little guy" is a lie. Maybe someday a Pol will push for getting rid of special tax treatment for "capital gains" and tax the really rich guy's income the same way as "the little guy's". Nobody since Huey Long has tried it and he died in a hail of bullets - from his own bodyguard. Oh, well, maybe Hell will freeze over.
The truly rich make almost all of their income from their investments. When the value of an investment goes up, this is called "capital gains", that is, as return on capital, that is, on money.
Interestingly, from my viewpoint as one of the "little people", capital gains are taxed at a much lower rate than "regular" income from wages, salaries, and the savings I have (taxed as "interest" at my regular rate). So it is for all but a very small portion of the population.
I cannot see why "capital gains" should be taxed as other than regular income. There a bogus arguments based on the idea that a low capital gains rate is merely to recompense for any "capital losses" - hey, I have capital losses, and certainly get no "recompense".
So, how about just abolishing "capital gains" from the tax laws? Income is income, right? Tax "capital gains" as regular income, WHICH IT IS.
Now my point.
Politicians are always laying on the B.S. that they are "for the little guy" and always pushing "the rich should pay their fair share". Well, then, why not get rid of this ridiculous "capital gains" tax treatment? Maybe the Big Boys wouldn't like it, eh? Maybe those Senators with net worth in the hundreds of millions of dollars would have to pay taxes on their incomes? Maybe the Billionairs would be pissed?
So, anyway, you can tell if a politician is lying easily. Are his lips moving?
At least the Pubs don't lie as much as the Dems. "I'm for the little guy" is a lie. Maybe someday a Pol will push for getting rid of special tax treatment for "capital gains" and tax the really rich guy's income the same way as "the little guy's". Nobody since Huey Long has tried it and he died in a hail of bullets - from his own bodyguard. Oh, well, maybe Hell will freeze over.
Monday, December 13, 2010
Tax Deal Drives Up Rates: Yahoo: Finance
Click on the post for the latest. It really feels like Argentina...maybe it's time to learn the tango....stay tuned.
In a market driven situation, driving rates higher will make municipal financing impossible. Nice way of inducing fiscal restraint huh?
In a market driven situation, driving rates higher will make municipal financing impossible. Nice way of inducing fiscal restraint huh?
Cuomo Urges Property Tax Cap for New York: New York Times
Click on the post for the latest. Is this what Wisconsin needs too?
Channel 3000: Evansville Schools opening two Hours late This morning
This is per Channel 3000 email.
Sunday, December 12, 2010
Governor declares Precautionary State of Emergency:
Click on the post for the latest from the Gazette.
Service of Rememberance For Tonight Cancelled due to weather:
Good Morning,
We are trying to get the word out that the Service of Remembrance scheduled for 7:00 tonight at St. Paul Parish has been canceled due to weather. Please forward this message on to anyone you know who may have been planning to attend. Thanks so much.
Nancy Hurley
We are trying to get the word out that the Service of Remembrance scheduled for 7:00 tonight at St. Paul Parish has been canceled due to weather. Please forward this message on to anyone you know who may have been planning to attend. Thanks so much.
Nancy Hurley
Climate Change Conference In the News: Hurley Blogs Details
Click on the post for the detail blog posts from the climate change conference by Jim Hurley.
Roof on the Minnesota Metrodome Collapses: Monday Night Game in Doubt: StarTrib
Click on the post for the latest.
Normal, Mn. School District Moves to Provide New Born Care: Tales From Normal, Mn. : FICTION
Click on the post for the latest.
Friday, December 10, 2010
Weather Alert: Minn and Parts of Wisconsin: Saturday
Adverse conditions could approach blizzard in parts of Wisconsin and Southern Minnesota. Click on the post for the latest from Paul Douglas.
Chasin the News Blog weighs in on 4K: On the School Board Calendar Again for Monday
Click on the post for the latest from Chasin the News.
Thursday, December 09, 2010
Wednesday, December 08, 2010
Jim Hurley: Blogs; Climate Change Conference
Click on the post for the latest from Jim Hurley who is reporting on the climate change conference.
Finance Committee Meets Tomorrow: Youth Center Coordinator on Agenda
Click on the post for the latest.
SchoolScoop: Parkview Considers Consolidation:
Click on the post for the latest from Melissa Hammann's School Scoop blog:
Friday, December 03, 2010
Has Year End Tax Strategy Changed? Yahoo:: Finance
If one believes that taxes will rise in the upcoming years, what is the logical tax strategy or strategies? Click on the post for an article in Yahoo Finance today.
Thursday, December 02, 2010
Miss Toosie's Petunia Society to Meet Wednesday: Economic Development Goals Cited: Tales From Normal, Mn: FICTION
Click on the post for the latest.
Tuesday, November 30, 2010
Normal, Mn. Engineers a Bond Panic; Tales From Normal, Mn. : FICTION
Click on the post for the latest.
Sunday, November 28, 2010
CNN: Irish workers get "Haircut"; Bankers get bailout?
The pattern of banks getting bailed out on bonds at 100% and the everyday worker taking it in the shorts is not sustainable worldwide---click on the post for an interesting article in CNN:
Patriots Launch War Games; Determined to use live ammo::Tales From Normal, Mn.: FICTION
Click on the post for the latest.
Saturday, November 27, 2010
CNN: Irish protest Austerity Plan
Click on the post for the CNN article today. Maybe it is a foreshadowing of the austerity plan for the U.S. Imagine the IMF moving swiftly to arrange austerity for US bondholders when the Republicans and Democrats were unable to agree to a solution.....
StarTrib: Incoming President of Mpls Realtors Assn faces Ethics Board on Foreclosure Sale Questions
Click on the post for the latest.
BTC Lowers Tax bite: Gazette
Click on the post for the article in the Gazette. Interesting to note that BTC recognized the decline in valuation of a 100,000 home by 4% whereas in Evansville only a decline of 2% was recognized.
Friday, November 26, 2010
With the Luck of the Irish, Corporate Taxation goes Untouched? NYT
Click on the post for the article in the New York Times...seems low corporate taxation did not save Ireland....the new austerity will be accomplished maybe on the backs of the working poor.
Thursday, November 25, 2010
Duluth Trading Flagship Store Now open in Mt. Horeb
Click on the post for the details plus a discount coupon.
What to be Thankful for Reviewed:
Many years ago I was attending a Dale Carnegie sales meeting conducted by Don Sheehan, a world famous sales trainer. It was 1982, the worst time to be in business, well...except for right now or the great depression. He spoke one Saturday morning on the notion of thanksgiving.
"Well, shukes he said, many guys don't get what to be thankful for....I urge you and your spouses to kneel down each night and be thankful....be thankful for the problems that you face in your life....yes...you heard me right...the problems.....
Remember that right down near here at 15th and Lyndale, there is a place where there are no problems...."
One of the guys in the group snickered a bit and said that that sounded pretty attractive...a place with no problems....
A guy next to him spoke up: " It's the cemetary".....
Don Sheehan went on: "Yes...it IS the cemetary...where there are NO problems.....and the fact that you are alive and in business today...means that you face problems....so you must be grateful for them...cause the Lord could give you a different set of problems that are a lot worse...or no problems....
So there it was....what to be thankful for...and I never forgot the lesson.
Happy Thanksgiving.
"Well, shukes he said, many guys don't get what to be thankful for....I urge you and your spouses to kneel down each night and be thankful....be thankful for the problems that you face in your life....yes...you heard me right...the problems.....
Remember that right down near here at 15th and Lyndale, there is a place where there are no problems...."
One of the guys in the group snickered a bit and said that that sounded pretty attractive...a place with no problems....
A guy next to him spoke up: " It's the cemetary".....
Don Sheehan went on: "Yes...it IS the cemetary...where there are NO problems.....and the fact that you are alive and in business today...means that you face problems....so you must be grateful for them...cause the Lord could give you a different set of problems that are a lot worse...or no problems....
So there it was....what to be thankful for...and I never forgot the lesson.
Happy Thanksgiving.
Tuesday, November 23, 2010
CapTimes; Will Wis Shift to Sales Tax from high property and income tax?
Click on the post for the article in the CapTimes.
Sunday, November 21, 2010
Friday, November 19, 2010
Newly Elected Legislators Recalled for Attention Deficit Disorder: Tales From Normal, MN.: FICTION
Click on the post for the latest.
China to the Rescue: ? Yahoo:
Click on the post for an article written by the author of 13 Bankers, who spoke recently in Madison.
Thursday, November 18, 2010
Best Buy joins WalMart, JcPenney in the Universe of Free Shipping: Star Tribune
Click on the post for the latest.
Wednesday, November 17, 2010
Gov Warns Agency Heads About Shredding Files:;;;Tales From Normal, Mn.:FICTION
Click on the post for the latest.
"Irish Don't Want no Bailouts...or austerity either:" Tales From Normal, Mn.: Fiction
Click on the post for the latest.
Fair Trade International Craft Sale; Sat Nov 20th
Fair Trade
International
Craft Sale
Sat, Nov. 20, 9 a.m. to 2 p.m.
St. Paul Catholic Church, Corner of Garfield and First Sts.
Evansville, Wisconsin
Gorgeous yet affordable handcrafted
gifts and foods from around the world.
• Jewelry and scarves
• Ornaments and nativity sets
• Soup, coffee, tea, chocolate
• Musical instruments
• Bowls, baskets, glassware
A lunch of soup and bread, along with beverages and baked goods, available for purchase from the Catholic Youth Organization.
Admission is FREE but a donation
of $1 or a packaged dinner or toiletry
item for the Care Closet is appreciated.
International
Craft Sale
Sat, Nov. 20, 9 a.m. to 2 p.m.
St. Paul Catholic Church, Corner of Garfield and First Sts.
Evansville, Wisconsin
Gorgeous yet affordable handcrafted
gifts and foods from around the world.
• Jewelry and scarves
• Ornaments and nativity sets
• Soup, coffee, tea, chocolate
• Musical instruments
• Bowls, baskets, glassware
A lunch of soup and bread, along with beverages and baked goods, available for purchase from the Catholic Youth Organization.
Admission is FREE but a donation
of $1 or a packaged dinner or toiletry
item for the Care Closet is appreciated.
Tuesday, November 16, 2010
Monday, November 15, 2010
Sunday, November 14, 2010
Governor Says he Wants Seniors to Come Home: Tales from Normal, Mn.:FICTION
Click on the post for the latest.
Twin Cities Budgets built on House of Cards: Star Tribune:
Like cities all across the country----click on the post for the story in the Star Tribune.
Saturday, November 13, 2010
Friday, November 12, 2010
Observer mourns the loss of Fr. Campion of Monroe, Founder of the Apostolate to the Handicapped
Click on the post for the article in the Wisconsin State Journal.
Fr. Campion was a legend in Southern Wisconsin for his outreach effort to the handicapped. He redefined the word "Champion."
I had the pleasure of meeting him once at the end of a road race to raise money for the handicapped many years ago, and in the dead of winter, as he stood by the finish line, while all the fast runners were already in the warm bar, he chanted to the last runners, "Come on Champions....".
May he rest in peace.
Fr. Campion was a legend in Southern Wisconsin for his outreach effort to the handicapped. He redefined the word "Champion."
I had the pleasure of meeting him once at the end of a road race to raise money for the handicapped many years ago, and in the dead of winter, as he stood by the finish line, while all the fast runners were already in the warm bar, he chanted to the last runners, "Come on Champions....".
May he rest in peace.
"I Want Everything but don't want any Taxes party wins big: Tales from Normal, Mn.: FICTION
Click on the post for the latest.
Thursday, November 11, 2010
Video: Cramer Speaks of the Gold rush in Natural Gas
What is next in the natural gas area? Jim Cramer weighs in. Click on the post.
Tuesday, November 09, 2010
Evansville Budget in Focus: Common Council Formal Budget Hearing tonight:
Click on the post for the current status of the budget. 73 pages of detail. It appears from page 73 that the Library addition project has been listed in 2015 with debt service additon of 1,900,000.
Wisconsin Women in business in Focus: I and E meeting Wed. Nov 10th:
Reminder: Come to I&E Club Nov. 10 to Learn What WWBIC Can Do For You!
Inventors and entrepreneurs can learn about money, consulting and other services offered by the Wisconsin Women’s Business Initiative Corp. Fausto Rivera, loan officer from WWBIC, will be speaking at the Evansville Area Inventors and Entrepreneurs Club meeting set for 6:30 p.m. Wednesday, Nov. 10. The group meets in the lower level of the Eager Economy Building, 7 E. Main St., Evansville.
Free and open to the public, this meeting is a convenient way to learn about options to launch and grow your idea or business. Bring a friend, ask questions and enjoy networking with a friendly group of attendees.
The sponsor for this month’s meeting is Radio Shack of Evansville, which will open its doors at 5:30 a.m. Friday, Nov. 26, for post-Thanksgiving bargain hunters. For club information, contact John Gishnock, club president, at 608-882-6656 or john.g@formecology.com, or Sue Berg, vice president of marketing and outreach, at 608-882-0986.
Inventors and entrepreneurs can learn about money, consulting and other services offered by the Wisconsin Women’s Business Initiative Corp. Fausto Rivera, loan officer from WWBIC, will be speaking at the Evansville Area Inventors and Entrepreneurs Club meeting set for 6:30 p.m. Wednesday, Nov. 10. The group meets in the lower level of the Eager Economy Building, 7 E. Main St., Evansville.
Free and open to the public, this meeting is a convenient way to learn about options to launch and grow your idea or business. Bring a friend, ask questions and enjoy networking with a friendly group of attendees.
The sponsor for this month’s meeting is Radio Shack of Evansville, which will open its doors at 5:30 a.m. Friday, Nov. 26, for post-Thanksgiving bargain hunters. For club information, contact John Gishnock, club president, at 608-882-6656 or john.g@formecology.com, or Sue Berg, vice president of marketing and outreach, at 608-882-0986.
Mailbag; Mr. Connors Writes; On Past Development
(Ed.note: I requested Mr. Connors to comment on the audios and videos on The Observer by MSA Joe DeYoung as well as Mr.Sauer that say "Flooding is what was expected". I essentially wanted to know who knew what when.)
"By the time that the development group led by Roger Berg was seeking to annex and plat the Westfield Meadows subdivision, the city had heard there might be water problems in that area. We heard a lot about these potential water problems during Mr. Abey's disagreement with the Town of Union over the annexation of the small Southgate subdivision. I think the first round of big floods just west of the Abey-Koth subdivision took place around that time. At any rate, the city asked the developers to provide data to show there was not a flooding risk in the area of the proposed subdivision. MSA demonstrated that to us satisfactorily, but in the process of investigating that issue they produced a model that showed there was a risk of flooding in the next to last phase of the Abey-Koth subdivision (S. 6th St. north of Vision). The city attempted to address this risk by allowing the same development group to annex land north of Porter Road and build a
large storm water detention facility. That facility was completely unnecessary for the Westfield Meadows subdivsion and the annexed land north of Porter Road. The city required it only to help mitigate the risk of flooding in the Abey-Koth subdivision. The city required Roger Berg's development group to pay for this storm water detention facility even though they had nothing to do with the Abey-Koth subdivision it was designed to protect.
I was not city administrator at the time the Abey-Koth subdivision was platted, so I have no idea if anyone examined the storm water management issue. I think that subdivision was platted before Foth & Van Dyke became the city's engineer. It appears whoever was advising the city about the Abey-Koth subdivision did not do a good job.
Regarding TID No. 5, if that is the downtown TID, you are correct that the city was hoping tax increment would pay the debt service on borrowing for public infrastructure projects the city likely would have done anyway because they desparately needed to be done. To the best of my recollection, the only redevelopment agreement in TID No. 5 that required the developer to make the city whole if the redeveloped property did not increase in value as much as projected was for the Coach House on N. Madison St. We did enforce that provision, although Chris Eager on the RDA board was critical of me for placing the provision in the agreement and enforcing it--he suggested I took advantage of Roger Berg by doing so. I was amused by the thought that anyone, let alone me, could take advantage of Roger Berg. There might have been some provision like that in the redevelopment agreement for the downtown Ace Hardware building, but I do not remember being involved
in negotiating that redevelopment agreement.
My only comment about the location of the senior center is that Baker Manufacturing has thrived on the other side of the creek for many decades despite the risk of flooding.
Feel free to post this on your blog."
"By the time that the development group led by Roger Berg was seeking to annex and plat the Westfield Meadows subdivision, the city had heard there might be water problems in that area. We heard a lot about these potential water problems during Mr. Abey's disagreement with the Town of Union over the annexation of the small Southgate subdivision. I think the first round of big floods just west of the Abey-Koth subdivision took place around that time. At any rate, the city asked the developers to provide data to show there was not a flooding risk in the area of the proposed subdivision. MSA demonstrated that to us satisfactorily, but in the process of investigating that issue they produced a model that showed there was a risk of flooding in the next to last phase of the Abey-Koth subdivision (S. 6th St. north of Vision). The city attempted to address this risk by allowing the same development group to annex land north of Porter Road and build a
large storm water detention facility. That facility was completely unnecessary for the Westfield Meadows subdivsion and the annexed land north of Porter Road. The city required it only to help mitigate the risk of flooding in the Abey-Koth subdivision. The city required Roger Berg's development group to pay for this storm water detention facility even though they had nothing to do with the Abey-Koth subdivision it was designed to protect.
I was not city administrator at the time the Abey-Koth subdivision was platted, so I have no idea if anyone examined the storm water management issue. I think that subdivision was platted before Foth & Van Dyke became the city's engineer. It appears whoever was advising the city about the Abey-Koth subdivision did not do a good job.
Regarding TID No. 5, if that is the downtown TID, you are correct that the city was hoping tax increment would pay the debt service on borrowing for public infrastructure projects the city likely would have done anyway because they desparately needed to be done. To the best of my recollection, the only redevelopment agreement in TID No. 5 that required the developer to make the city whole if the redeveloped property did not increase in value as much as projected was for the Coach House on N. Madison St. We did enforce that provision, although Chris Eager on the RDA board was critical of me for placing the provision in the agreement and enforcing it--he suggested I took advantage of Roger Berg by doing so. I was amused by the thought that anyone, let alone me, could take advantage of Roger Berg. There might have been some provision like that in the redevelopment agreement for the downtown Ace Hardware building, but I do not remember being involved
in negotiating that redevelopment agreement.
My only comment about the location of the senior center is that Baker Manufacturing has thrived on the other side of the creek for many decades despite the risk of flooding.
Feel free to post this on your blog."
Monday, November 08, 2010
Yahoo: Finance: Tonnelson: US needs 50% tariff on all Chinese imports
Click on the post for the latest.
Evansville School Reports for November:
Click on the post for the Supr. Report and building reports.
Local Boy Makes Good--Creates Silage 5K: Tales From Normal, Mn.: FICTION
Click on the post for the latest.
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