When
significant events affect the stock market—
Our local stockbrokers
and investment advisers look out for their customers
[OCT.
13, 2000]
As
you may have noticed at yesterday’s market close, the Dow Jones industrials
average was down almost 400 points, and the Nasdaq was down almost 100 points.
By mid-morning today, the markets were bouncing back, but the trend for the past
two months has been downward. Tech stocks are being hardest hit. Election year
uncertainty, moderate to poor future performance predictions, as well as some
third-quarter profit statements that failed to meet estimates are causes for a
jittery market. Headlines like yesterday’s announcement of a terrorist attack
against an American battleship, the USS Cole, in the port of Yemen, further
shock the market. Yesterday’s violence and the breakdown of the peace process
in the Middle East caused oil process to fly upward, and the market got hammered
until the final bell.
|
Here
at home in Logan County, fluctuations in the stock market are no longer the
concern of only the wealthy. Retirement dreams, college tuition funds and life
savings all take a hit when the market drops. That’s why local investment
advisers have become such an important anchor to community life.
According
to Dana Sydney, CFA Asset Management in Lincoln, yesterday’s market reacted to
Home
Depot’s warning that their profits for the third quarter would be lower than
expected. That set off a downturn for retail stocks. The events in Yemen
contributed to the selling frenzy.
Usually
current events don’t scare fund managers as much as changes in the predicted
profit potential of businesses. World events, unless long term, may cause
temporary fluctuations, but the market usually corrects itself. Sydney says that
his investors are in it for the long haul and expect fluctuation in stock
prices. He educates them to stay calm, and they usually do. Yesterday produced
no extra phone calls from or to clients.
[to top of second column in this
article]
|
Bob
Neal, investment adviser for Edward Jones in Lincoln, echoes Sydney’s
observations. "Our investors are conservative, and we typically get more
buyers than sellers in a down market. Since the market has drifted down over the
past few months, we have contacted our clients and met with them to review their
asset allocation. But that is the same advice we always give."
No
one is "getting out of the market," according to Neal. "We have
counseled them well, and the best service we provide is to keep clients from
going with their instincts. We often encourage them not to buy or sell. You can’t
react to every item of news these days. Financial channels on television put out
news from morning to night. It is easy for investors to overreact."
Mike Abbott is
an adviser for Pacesetter Financial, which manages portfolios for investors with
at least $250,000 to invest. "We don’t look at the current events,"
says Abbott. "The fall of the Soviet Union was an important long-term event
that makes a difference to the course of business. But short-term events are not
cause for a reaction in investment decisions."
[Sam
Redding]
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Logan
County citizens walk for peace
[OCT.
13, 2000]
On
Thursday evening 40 to 50 people made a candlelight walk from Washington Monroe
School to the Logan County Courthouse to demonstrate their concern for the
prevalence of domestic violence in our communities. Domestic violence is a
pattern of assaultive and coercive behaviors, including physical, sexual and
psychological attacks, as well as economic coercion, that adults or adolescents
use against their intimate partners to gain or maintain power and control.
|
In
1999 there were 153 reported cases of domestic battery in Lincoln, according to
a summary report complied by Officer Diana Short of the Lincoln Police
Department. This translates to an act of domestic battery every 2.38 days in
Lincoln. Approximately 90 to 95 percent of domestic violence victims are women.
The
Thursday event was hosted and sponsored by the Domestic Abuse and Violence Task
Force of the Healthy Communities Partnership. Sojourn Shelter and Service Inc.
and the Family Violence Coordinating Council provided the speaker for the
evening as well as informational displays at the school.
Curtis
Sutterfield, coordinator for the event, said he was pleased with the turnout and
really appreciated the presentation by Judge Don Behle at the courthouse.
Sojourn
provides services for the victims of domestic abuse and their children, offering
assistance for emergency shelter, employment, financial situations, legal and
medical situations, clothing and food, child care, counseling and advocacy in
the legal system, substance abuse therapy, planning for the future, as well as
individual and group counseling.
[to top of second column in this
article]
|
At
their presentation Sojourn presented a wish list of items that can be donated
any time during the year. These items not only help Sojourn operate efficiently
but provide for a comfortable stay for their clients and their children during a
difficult time. Some of these items include:
- Toilet paper
- Tampons and maxi pads
- Toothbrushes
- Toothpaste
- Fingernail clippers
- Alarm clocks
- Umbrellas
- Kleenex
- Soap
- Hair dryers
- House slippers
- Bath towels
- Washcloths
- Baby wipes
- Baby formula
- Diapers
- Laundry soap
- Paper towels
- Deodorant
-
Monetary
donations
For
more information about the mission or gifts to Sojourn, please call their
hotline at (217) 726-5200
For more
information about stemming the tide of domestic violence, please call Curtis
Sutterfield, Domestic Abuse and Violence Task Force chairman, at (217) 732-7890.
[LDN]
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An
appeal for life
A
nurse makes a presentation at LCS chapel on her efforts to make Congress,
the healthcare industry and the public take notice.
[OCT.
12, 2000]
Lincoln
Christian College and Seminary welcomed a brave warrior this morning. For over a
year, Jill Stanek has been lobbying to stop live birth abortions at Christ’s
Hospital in Chicago where she is a registered nurse.
|
Stanek
began in the cardiac division of the hospital, and later moved to the birthing
unit. This fulfilled a dream, because she really wanted to work with mothers and
their new babies. Stanek’s dream quickly changed to a nightmare, as she
discovered that Christ’s Hospital was quietly performing 10 to 20 live
abortions every year!
The
hospital aborted babies as late as 28 weeks (the second trimester) for handicaps
such as spina bifida and Down syndrome and for the life or health of the mother.
To perform a live abortion a doctor chemically relaxes the cervix, which causes
the baby to fall out. A number of these babies live anywhere from one to eight
hours. For these unfortunate children, the hospital supplies "comfort
care." Stanek defined comfort care as wrapping a baby in a blanket until it
dies. If the parents want to hold their child till it dies, they may. For
obvious reasons, most parents relegate this responsibility to a nurse. If the
nurses are too busy, the baby in a blanket is left in the soiled-utility room to
die.
This
is where Stanek first had an experience with a live aborted baby. She could not
stand the thought of a baby dying alone. Stanek broke down as she recounted
holding a 1½-pound, 10-inch long baby in the soiled-utility room. As time
slipped away, he grew too weak to move. The only way Stanek could tell if he was
still alive was to hold him up to the light and look at his heart through his
transparent skin. She said that she "never dreamed a hospital with the name
Christ would be involved in something so against God’s law."
Stanek
knew she had two choices. The easier choice was to move to a hospital that did
not commit abortions. The more difficult choice was to stay where she was and
try to change things. During her Bible study, she read a passage in which God
reminds righteous men not to abandon those who are dying. Stanek decided to stay
at Christ’s Hospital and change their policies.
[to top of second column in this
article]
|
Stanek’s
first course of action was to write a private letter to the board of the
hospital requesting that they cease performing abortions in a hospital named
after her Lord. The board invited her in and suggested that although they
appreciated her help, she might be more comfortable working elsewhere. Stanek had already determined to stay and try to change things, so she told them that
she wanted to stay where she was.
Next
she contacted a Cardinal in the Chicago area and Dr. C. Everett Koop, the former
U.S. surgeon general. Both of these men wrote Christ’s Hospital, asking them
to cease the abortions also.
Since
that time, Stanek and the others who are trying to save lives have been in
newspapers, on radio talk shows from Dallas to Chicago, and on news stations
such as CBS, ABC, NBC, Fox, CNBC, Cspan and more. Jill Stanek and her friend and
co-worker Allison Baker have appeared before Congress to testify.
Stanek
spoke of a baby that was killed because it was believed to have spina bifida.
When the baby emerged, the spine was fine—a pointless death. She also told of
how a baby was set on a counter in a disposable towel and accidentally thrown
away. When the nurses searched through the garbage for the baby, he fell on the
floor. Baker testified that she has seen more than one live baby naked on a cold
metal counter. They did not even receive the "comfort care."
As
Congress debates whether or not a live child has the right to live, Stanek is
still laboring at Christ’s Hospital. She admits that she is afraid often. Her
strength comes from reading Isaiah.
[Jean
Ann Carnley]
|
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Announcements
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Landfill
to be open extended hours for leaf disposal
[OCT.
11, 2000]
Beginning
Monday, Oct. 16, the Lincoln City Landfill will be open extended hours to allow
residents to dispose of leaves and yard waste, according to Donnie Osborne,
street superintendent. The landfill will open at 8 a.m. and remain open until 4
p.m. seven days a week, probably until mid-December, he said. Residents may
bring in leaves any way they like —
in bags, boxes or pickup trucks —
but they must take the leaves out of the containers and take the containers back
home with them.
|
|
Public
notice
Filing dates for
nomination petitions for city offices
[OCT.
10, 2000]
The
office of the city clerk in Lincoln will be open for filing petitions for
nomination for the Feb. 27, 2001, consolidated primary election, with petitions
accepted from 9 a.m. to 5 p.m. on the following dates: Dec. 11, 12, 13, 14, 15
and 18.
Petitions
will be accepted for the following city offices:
- Mayor
- City treasurer
- City clerk
- Alderman Ward 1
- Alderman Ward 2
- Alderman Ward 3
- Alderman Ward 4
-
Alderman
Ward 5
No
petitions will be accepted before 9 a.m. or after 5 p.m.
[Juanita
Josserand, city clerk]
|
|
Notice
to absentee voters
[OCT.
9, 2000]
Registered
voters expecting to be absent from the county on the Nov. 7 election day may
vote in person at the Logan County Clerk’s Office, second floor, Courthouse,
Room 20, Lincoln, from now until Nov. 6.
Registered
voters expecting to be absent from the county on election day or those who are
permanently disabled or incapacitated may now make application by mail to vote
absentee. Applications will be received by the county clerk until Nov. 2. No
ballots will be sent by mail after Nov. 2, as provided by law.
Sally
J. Litterly
Logan
County Clerk
Election
Authority
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Logan
County FY2001 budget
Totals of requested increases
[OCT.
7, 2000]
Following
is a list of budget requests that were heard by the Logan County Board Finance
Committee on Aug. 11, 16 and 17. These requests will be compiled by the auditor
and matched with the anticipated revenue for the 2001 fiscal year (Dec. 1). The
finance committee will then review these numbers, make necessary adjustments and
prepare a recommendation to the entire County Board in the next month. There
will be a public meeting entirely devoted to budget matters in the future.
Rod White, finance
chairman, 732-4793
|
* Senior requests
and Oasis, $80,956; CIEDC, $45,000; Rural Health Partnership, $25,000 = total of
$150,000 requested; approximately $70,000 available.
* Non-mandated
(County Farm Fund): Main Street Lincoln, $10,000; economic development, $25,000;
soil and water, $4,000; Teen Court, $3,500 = total of $42,500 requested;
approximately $16,000 available.
* Court security
(open another door at courthouse): one employee, $16,640; plus metal detector,
$10,000 = total of $26,640 requested
* Court request:
new microphone, $1,000; increase in bailiff pay, $2,000; new judge support,
$4,500 = total of $7,500 requested
* Sheriff’s
Department: one additional deputy; one additional car= $120,000; parking lot
resurface, $20,000
* Paramedics: new
ambulance, $90,000
[to top of second
column in this section]
|
* Superintendent
of schools: if office
is moved,
the county will have to provide all of the rental money, $20,000
* Building and
grounds: for possible new building or additional space for offices, $100,000
* Coroner: unable
to work plan with paramedics or ESDA office; will house coroner’s office in
funeral home until office is found elsewhere, $ ?
* Public defender:
public defender’s salary, $32,422 (increased by $13,000; law says salary must
be 40 percent of state's attorney’s salary, which went up this year and is
expected to go up for four years); additional assistant, $15,000
* Animal control:
to replace
old animal-transport unit on truck, $10,000
Approximate total:
$600,000
|
|
County
Board committee meeting dates for October 2000
Committee |
Location |
Date |
Time |
Board of
Whole |
Courthouse |
Thursday,
Oct. 12 |
7 p.m. |
Finance |
Courthouse |
Friday, Oct.
13 |
8 a.m. |
Adjourned
Board |
Courthouse |
Tuesday,
Oct. 17 |
7 p.m. |
Joint Solid
Waste |
City Hall |
Wednesday,
Oct. 18 |
7 p.m. |
Special
Adjourned Board |
Courthouse |
Thursday,
Oct. 19 |
7 p.m. |
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