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Facey: Reframing violence

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2012 is proving to be another hot and brutal summer in and around Toledo, as domestic violence has claimed the lives of five more area women in the past few weeks. As I researched the lives and deaths of the sisters killed by one sister’s ex-boyfriend in Blissfield and the murder of an ex-girlfriend in Perrysburg, another report came in — a mother and daughter shot by an estranged husband in Lima. It never ends. The cycle of family violence continues throughout Toledo and Ohio and America every day.

The timing couldn’t be worse to take a break from advocating for victims and survivors of domestic violence in Toledo, but after five years of attempting to hold the local courts accountable for dismissing 80 percent of domestic violence cases annually through Independent Advocates, I needed a break. I am an advocate and an activist and will never forfeit those titles. But I needed to step back from the day-to-day answering of crisis calls, attending frustrating court hearings and generally feeling the immense weight of the local domestic violence crisis.

I needed a break because domestic violence had begun to make me sad again, instead of angry, a sure sign of burnout. When I first began learning in college about violence against women, it made me sad. I was overwhelmed by the reality of 1 in 4 women being a victim of intimate partner violence in her lifetime. I was devastated by the stories I heard at Take Back the Night events and I felt helpless to do anything about it. I knew it was my purpose to work toward an end to violence against women, but for a while I had no idea how.

Finally, I found anger. Anger is good; anger I can work with, unlike sadness. Sadness is debilitating. Anger is what allowed me to leave a good-paying job “in the field” and start Independent Advocates, a grassroots nonprofit that puts the needs of survivors above grant funding or political correctness.

Anger is what engaged me in the local court system and spurred me to take on the seemingly impossible task of developing a dedicated domestic violence court to replace the ineffective nightmare of court process that currently greets — or rather, chases off — victims by the hundreds.

Well, two months into my self-imposed break (everything is self-imposed when you work by yourself), my sadness has once again given way to action-oriented anger. There is no time to be debilitated when women are being murdered and need an advocate, need someone to tell the community that the number of murders in such a short time is no coincidence, it is the pattern of abuse spinning out of control. Don’t be put off by all the anger talk; I am not a person who uses violence to retaliate for what I see as unjust in this world.

I aim to challenge the cultural acceptance of violence against women and promote a more outspoken societal response to abuse in relationships. I seek to promote positive social change and pick up where Independent Advocates left off in the conversation about our responsibility to stop domestic violence.

My first challenge is to shift that responsibility from victims to abusers. In the days following each of the recent domestic violence murders, I was contacted by various media outlets looking for victim resources. I’m not sure why they would need this again, considering they collect the same information every time a woman is murdered in Toledo. The number to the shelter hasn’t changed, the services themselves haven’t changed and our depth of understanding this complex issue obviously has not changed. When will we stop reacting to murders as if the victims were the only ones able to prevent them?

Each of the recent murders was precipitated by the end of a relationship, but still people respond to the deaths by asking why someone would stay with an abusive partner. News reporters want to know: “What can victims do to stay safe?” Carlin Glenn was safe in her Lima home, sleeping soundly at 4 a.m. when her estranged husband broke in and savagely killed her daughter before chasing her across the street and gunning her down in a neighbor’s driveway. After all of that, the best we can come up with is “What could the victims have done better?”

We desperately need to reframe the problem, because when victims bear the responsibility, abusers can get away with murder.

 

Email Rebecca Facey at [email protected].

Health Care REIT sets price for 12 million shares in public offering

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Health Care REIT Inc. (NYSE:HCN) announced the pricing of its underwritten public offering of 12 million shares of common stock at $58.75 per share on Aug. 8. The offer was increased in size from 11 million shares announced this week.

The Toledo-based real estate investment trust (REIT) estimates that the gross proceeds from this offering will be approximately $705 million or $811 million if the underwriters’ option is exercised in full. The company granted underwriters an option to purchase up to an additional 1.8 million shares during the next 30 days.

The company intends to use the net proceeds from this offering to repay advances under its unsecured lines of credit, to pay other outstanding indebtedness and for general corporate purposes, including investing in health care and seniors housing properties, according to the information announced on the Business Wire Aug. 8.

“Health Care REIT continues to differentiate itself through the consistency of its relationship investment program, as evidenced by $602 million of second quarter investments from existing relationships. Total investments of $1.1 billion during the quarter brings our total year-to-date investments of $1.9 billion and drives a three-cent increase in our 2012 earnings expectations,” stated George Chapman, chairman, CEO and president of Health Care REIT.

Bank of America Merrill Lynch, Morgan Stanley, UBS Investment Bank, Barclays Capital, J.P. Morgan and Wells Fargo Securities are acting as joint block-running managers for the current public offering by Health Care REIT.

“Our ability to source high-quality investments in the seniors housing and (medical office building) sectors has significantly strengthened the quality of our portfolio and increased our private pay percentage. As we move into the second half of 2012, our investment pipeline remains strong as we continue to execute our business plan,” Chapman stated.

Health Care REIT announced Aug. 6 that it anticipates acquiring $925 million of seniors housing and medical office properties in the third quarter of 2012. The estimate is based on acquisitions closed so far in the third quarter and potential acquisitions for which the company has signed a letter of intent or other customary preliminary documentation.

The company believes that the potential acquisitions will include properties that, collectively, generate 97 percent of their revenues from private pay sources.

The anticipated acquisitions are expected to include approximately $583 million of senior housing triple-net lease properties, approximately $271 million of senior housing operating properties where the company is the majority owner, and approximately $71 million of medical office properties.

Approximately 81 percent of the potential acquisitions are expected to involve existing portfolio partners, consistent with its relationship investment strategy. The aggregate acquisition amount includes approximately $134 million of debt that the company expects to assume at an average interest rate of 5.6 percent.

The stock offering is being used to raise capital for investments already made and new investments, taking advantage of the positive environment in the senior housing and medical office building markets, according to Jeff Miller, executive vice president of operations at Health Care REIT.

The company believes that premier senior housing operators and health care systems choose to develop long-term business partnerships with Health Care REIT because of its reputation as a trusted capital partner with unique and sophisticated structures that meet the operators’ capital and operational needs.

Health Care REIT’s capital programs, combined with its comprehensive planning, development and property management services, make it a single-source solution for acquiring and developing real estate assets that include senior living communities, medical office buildings, inpatient and outpatient medical centers, and life science facilities.

All amounts reported by the company are estimates that are subject to change. The company’s anticipated acquisitions are in various stages of development and some or all transactions may not be completed on currently anticipated terms or within expected time frames, or at all.

On Aug. 6, the company announced operating results for its second quarter ending June 30, 2012. As previously announced, the board of directors declared a cash dividend of 74 cents per share for the quarter, compared to 71.5 cents per share for the same period in 2011, representing a 3.5 percent increase.

The cash dividend, scheduled to be paid Aug. 20, will be the company’s 165th consecutive quarterly dividend payment.

During the recent recession, the company generated one-year and five-year cumulative total returns of 21.1 percent and 71.3 percent, respectively. During the past 41 years, its investment strategy has generated a 16 percent average annual return for its shareholders, according to its 2011 annual report.

Health Care REIT Inc., a Standard & Poors 500 company with headquarters in Toledo, is a real estate investment trust that invests across the full spectrum of senior housing and health care real estate. The company’s diversified $15.8 billion portfolio consisted of 1,010 properties in 46 states and Canada, according to its website.

The company relocated its home offices into in the former headquarters of Dana Corp. at 4500 Dorr St. in September 2010. At that time, it employed about 95 people, Miller said.

He reported that the company has added positions as its portfolio has grown. It now employs a total of 365 employees across the country with about 140 of them based in Toledo.

The Senior Living Group and Medical Facilities Group are located in Toledo.

The firm’s Management Services Group is based in Jupiter, Fla. The company operates regional offices in Atlanta, Dallas, Phoenix, Minneapolis, Newport Beach, Calif., and Brentwood, Tenn.

Baumhower: Life lessons learned at Chick-fil-A

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Wednesday, Aug. 1 was the unofficial “ Appreciation Day” . This “Appreciation Day ” was created by Former Presidential Candidate Mike Huckabee and with no official support from the restaurant chain itself. Huckabee’s Facebook campaign came in response to Chick-Fil-A’s CEO Dan Cathy’s comments on running a Christian Business and believing in a “Traditional Marriage”. The media firestorm that followed put a chicken restaurant chain at the center of a political and religious debate. Over 500,000 people “liked” the Huckabee ‘Facebook movement and apparently all showed up to a local Chick-Fil-A in support.

When I was 15 years old, a man took a chance on me and gave me my first job…the man’s name is Michael Herrick and the job was at Chick-Fil-A. I worked at Franklin Park Mall’s Chick-Fil-A for two years, before the mall expanded, changed ownership and was renamed. Chick-Fil-A was located across from McDonald’s and next to Arthur Treacher’s. Mr. Herrick was the perfect boss for a 15-year-old kid from the West End. I watched in amazement at Mike’s work ethic and dedication. He worked from 9 a.m. to 7 p.m. Monday through Saturday, without any vacations the entire time of my employ. He had three young kids at the time and a dedicated wife who also worked there.

My neighborhood was predominately white and Catholic. Working at Chick-Fil-A was my first real experience, not just working but interacting with those different from me. That diversity made me want to show up for work.

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I have maintained my relationship with Mike for the last 22 years, though I admit, it is based on delicious chicken. He has always kept tabs on me and I have always appreciated our conversations. We have discussed everything from the ups and downs of business in Toledo to our families.

“Chick-Fil-A Appreciation Day” made me happy for the Herricks, but also broke my heart.

My sister and I were both raised in a loving Catholic home, both raised to be “straight” sexually, but God designed her different from me; my sister is gay. Somehow we are not seen as equals under the law as I am allowed to marry and share benefits with my wife, but she cannot. My sister does not have the same civil rights as I do and we are from the same parents in the same house.

People waiting in line for three hours for Chick-Fil-A made sense to me; the chicken is worth every minute. People waiting three hours in a line to express their “freedom of speech” in support of “traditional marriage” reminded me of those I read about, who lined the streets to protest racial integration in Mississippi schools some 50 years ago. The phrase “traditional marriage” is so beautifully offensive and clever, no one could ever see the hate behind it.

Conservative talk show hosts used Chick-Fil-A Appreciation Day as a rallying point, a demonstration of “freedom of speech”, to show the “mainstream media” that everybody was not OK with gay marriage. You could hear the brainwashed talking points in every TV interview of those who “appreciated” Chick-Fil-A, they all sounded exactly the same. They were proud of standing up for their “moral beliefs” and their “right” to say it. Everyone has a right to believe what they want, they have a right to express those very same beliefs, but just because it is a “right” doesn’t make what you say all right.

Those Mississippians in the 1950s who were morally against the integration of blacks into public schools, used phrases like “pro-white” and “separate But equal”. How do we feel about those people 50 years later? If you held those very same beliefs today, and attended an organized event with those who carried the same morals, society calls those gatherings a demonstration of “hate speech”, that’s how we see it today.

Fifty years from now, the legalization of gay marriage will be a distant memory. The images and interviews of those who supported “Chick-Fil-A Appreciation Day” will haunt our culture the same way the Mississippi integration has.

For those of you in Toledo who waited the three hours to show your support against gay marriage, I hold only the greatest of love in my heart for you… you just have to share the love with my gay sister.

“Anyone who claims to be in the light but hates a brother or sister is still in the darkness. Anyone who loves their brother and sister lives in the light, and there is nothing in them to make them stumble. But anyone who hates a brother or sister is in the darkness and walks around in the darkness. They do not know where they are going, because the darkness has blinded them.” —– 1 John 2:9-11

Council reverses vote on Nexus Academy permit

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Toledo City Council reversed its decision to deny the Nexus Academy of Toledo a special use permit to locate Downtown.

Council voted 10-2 in favor of the school during a special meeting Aug. 7.

The college preparatory program, which will blend classroom and online work, will be on the fourth floor of One Lake Erie Center at 600 Jefferson St.

Last week, Council members Lindsay Webb, Phil Copeland, Steve Steel and Adam Martinez voted against issuing the permit, with Steel citing concerns about the proximity of the school to convenience stores.

But County Plan Commission Director Tom Lemon told Council members that typical spacing requirements regarding schools and convenience stores do not apply in the Downtown entertainment district, where Nexus Academy of Toledo seeks to locate.

Council reconsidered last week’s vote because Councilman Tyrone Riley abstained, which violated a Council rule that prohibits abstentions unless the Council member has a conflict of interest. Riley originally told Toledo Free Press  he thought he had a conflict of interest because he had prior business arrangements with a client in an adjacent building.

He later called back to say he had made a mistake and that he had not understood the Council rule. He said he thought at the time of the vote that both sides had compelling arguments.

After this realization, he wanted the chance to vote on the subject.

His vote in favor helped to turn the decision around, along with votes of approval from Paula Hicks-Hudson, Phil Copeland and Adam Martinez. Martinez said he approved the permit this time after meeting with school officials and learning that they decided to appoint supervisors in the student parking lot, as well as to and from the TARTA station. Originally, there was no supervision plan, Martinez said. Hicks-Hudson was not present during last week’s vote.

Steel again voted no and addressed comments that Councilman Tom Waniewski made last week about Council “vilifying” carryouts.

“This isn’t Steve Steel vilifying convenience stores and saying schools shouldn’t be by them,” Steel said. “This is municipal code saying that.”

Steel cited a portion of municipal code that states: “In reviewing and making decisions on proposed special uses, review and decision making bodies must consider at least the following factors:  whether the proposed use is compatible with adjacent uses in terms of scale, site design and operating characteristics (hours of operation, traffic generation, lighting, noise, odor, dust and other impacts associated with the uses operation).”

“In considering that, it isn’t Steve Steel that says that there’s an incompatibility between convenience stores and schools… it’s Toledo Municipal Code and the spacing requirements that Council put into code that would indicate that there is incompatibility,” Steel said.

Typical spacing requirements prohibit convenience stores from locating within 1,000 feet of “schools, parks, libraries, licensed day cares or children oriented uses.” In 2009, Council made an exception for community entertainment districts, which includes the area where Nexus Academy of Toledo plans to open.

Addressing the exemption, Steel said the rule was intended to concentrate some of the “adult-oriented venues.”

Steel, a former Toledo Public Schools Board of Education president, also dismissed any assumptions that his decision had anything to do with opinions about charter schools. Councilman Rob Ludeman told Toledo Free Press last week that, “Some Council members used their vote to express their disdain for charter schools in general and to me that’s just wrong.”

Steel has voted in favor of special use permits for other charter schools.

The school, which is slated to open in the fall, will take between 250 and 300 students and employ a school leader, four full-time teachers, three full-time “success coaches,” a part-time special education teacher, a guidance counselor, a secretary and a personal trainer.

Veteran Toledo broadcaster Frank Venner dies

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Editorial cartoon by Don Lee for the Toledo Free Press

As he sits with his four brothers and one sister reminiscing about his 44 years as Frank Venner’s youngest son, Dave Venner can clearly hear his father’s “booming voice.”

“It was different when you heard it on TV versus where you heard it when it was in-house, but it was still the same,” Dave said. “Despite being a public figure in Toledo, [the job] never came home with him. It was always just Dad when he was home.”

Dave’s dad, Frank Courtney Venner III, 85, died Aug. 3 in the family’s Old Orchard home after a three-month battle with lung cancer.

Venner hosted broadcast news, weather, commentary and a quiz show for high school students on WSPD-TV Channel 13 (now WTVG) from 1948 to 1988 and ran for the U.S. House of Representatives (9th District) seat against the then-two-year incumbent Rep. Marcy Kaptur in 1984.

Venner began his 40-year broadcast career with WSPD Radio immediately following two years of military service from 1946-47, in the Army Air Forces. Within months of his arrival, WSPD Radio launched its TV station on July 21, 1948. WSPD-TV became WTVG-TV in the late ’70s.

Venner loved the challenge of those early years in TV, and he spoke about that time in his life in a WTVG 45-minute broadcast that originally aired April 21, 2008.

“Channel 13, for 10 years, had no competition, so, obviously, we won the race,” Venner said. “But in 1958, when our second channel hit the town, WTOL, then, of course, it was dog-eat-dog, and then the ratings became extremely important.”

Venner said he believed his notoriety in those early years as the “man-on-the-sidewalk” weatherman became his lasting legacy.

“‘Weather in the Weather’ was on for 10 years, from 1959 to 1969, and was probably the program that I became most identified with during my career,” Venner said. “But the interesting aspect is that I wasn’t the one who started that program. It was Jim Rudes.”

Weather forecasters in those early years didn’t have the computer simulation today’s meteorologists enjoy. Back then, it was maps and Magic Markers.

“They would hand me a microphone,” Venner said. “I would walk behind the board which had the map of the United States on it. And then one of the fascinations is that I would write backwards because I had to, so people at home could see what I was doing. So I learned to write backwards.”

Venner said viewers back then were no different than the fans who attend professional football games today.

“I can remember one night it was about 15 below zero at about 11 o’clock at night,” Venner said. “And a car pulled up with a bunch of college kids, and they had no shirts on. And they had to be absolutely hospital cases because it was so cold. And to add to the glamour, if you want to call it that, they were eating ice cream cones.”

Venner enjoyed what his son Dave called “three distinct careers.”

“First, he did ‘Weather in the Weather’,” Dave Venner said. “Then he did the news (‘Venner-Ward Report’) and ‘High School Quiz’ as moderator.

Venner hosted the quiz show for 25 years, taking three years off to run for Congress. He was replaced by Bill Spencer for 1983-84 and Gordon Ward for 1984-85.

“The third part of his career was doing editorials, which was totally different because that wasn’t about just telling just facts of the news,” Dave said. “That was about providing commentary on the news, and that was a big shift for him.”

Frank Venner

By 1988, the year he retired, Venner had worked at the same broadcast station as a radio news reporter, weatherman, roving reporter, television news anchor, game show moderator, pundit and the station’s news director and editorial director.

“He loved Toledo,” Dave said. “He absolutely loved Toledo. He’s lived in the same family home for more than 50 years, and he couldn’t think of being anywhere else in his life.”

Venner, the only child of Frank C. Venner II and Virginia Grunder Venner, was born March 8, 1927. He came to Toledo in 1940 when his father accepted a transfer from Baltimore to run Toledo’s IBM office.

He graduated from Central Catholic High School in 1944 and University of Notre Dame in 1949 with a degree in communications.

“When he was at Notre Dame, he worked on the student radio station, and it just appealed to him a great deal,” Dave said. “Both his father and his grandfather had been career IBMers. He could have pursued that, but he chose to stay true to the broadcasting, had an opportunity with WSPD and never turned back.”

After college, the military and four years at WSPD, Frank married Ruth Blank on June 21, 1952. They enjoyed a 44-year marriage until Ruth died Aug. 28, 1996.

The Venners are survived by their six children: Michael, 59; Daniel, 58; Lisa Soeters, 56; Martin, 51; Jonathan, 50; and David, 44. Venner also leaves behind 11 grandchildren: Erin, Heidi and Todd Soeters and Andrew, Bailey, Bethany, Brittany, Emily, Laura, Rebecca and Reid Venner.

“Certainly his children were a big part of his life,” Dave said. “From a professional standpoint, [his life was about] staying very true to his journalistic training. He was very much about expressing to the public the facts of any situation and allowing them to draw their own conclusion from the facts. That was the principle he lived by.

“He took that position, that role, very seriously. He looked at himself as an individual that people were counting on to provide them with pertinent information. And he tried to make that come alive every day. He had great respect for the profession of journalism versus just being a TV figure.”

Late in his broadcast career, Venner was presented with an honorary doctorate of humane letters from Findlay College (now University of Findlay).

Family visitation is scheduled from 5 to 8 p.m. Aug. 6 at Walker Funeral Home, 5155 W. Sylvania Ave.

A funeral mass is scheduled at 11 a.m. Aug. 7 at Gesu Catholic Church, 2049 Parkside Blvd. Burial services will be private.

Venner’s children suggest that, in lieu of flowers, donations be made to Hospice of Northwest Ohio or the Toledo Animal Shelter in his name.

Jerry Anderson, co-anchor for ToledoNewsNow’s news broadcasts on WTOL-11 and Fox 36, credited Frank Venner and his contemporaries with what Anderson called the high standard of Northwest Ohio broadcast journalism.

“I’m very much aware that these guys built the foundation,” Anderson said in WTVG’s broadcast that aired April 21, 2008. “They were there when television first went on the air. We’re just carriers of the torch. They built the foundation. They put Channel 13 and Channel 11 on the map in this town. And we’re just here, in my opinion, to try to uphold the standards.”

WTGE broadcast that originally aired April 21, 2008:

Retirement Guys: 3 steps to avoid the fiscal cliff

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This month Federal Reserve Chairman Ben Bernanke spoke before a House panel about the current state of the economy. He pledged the central bank stands ready to act and do what is necessary to work towards reducing unemployment and keeping the economy moving. Mr. Bernanke also detailed the steps the central bank has taken so far to keep our economy from falling off a cliff. Yet, investors need to pay attention to what Bernanke said on his second day of testimony, “The way the current law is set up, we are going to have a very, very sharp contraction in the fiscal situation, increased taxes and cuts [in] spending that are very dramatic and that occur almost simultaneously on January 1 of 2013.” This is the “Fiscal Cliff” that Investors need to be prepared for.

• The 2% point tax reduction on payroll tax goes away. This will impact roughly 160 million works.

(http://abcnews.go.com/Politics/OTUS/tax-hikes-loom-congress-act/story?id=16034065)

• Federal extended unemployment benefits end. Job growth has already started to slow.

(http://economywatch.msnbc.msn.com/_news/2012/05/04/11536808-job-creation-slows-again-in-april-jobless-rate-dips?lite)

• The debt ceiling limit will be hit again. We are already at $16,000,000,000,000 and growing fast. (www.usdebtclock.org)

• The tax cuts under former President Bush in 2001 and 2003 then extended by President Obama are scheduled to expire.

• Federal Budget cuts that were part of the agreement reached during the 2011 Debt Ceiling agreement are set to take effect.

This combination of higher taxes and less spending could put our economy over the “Fiscal Cliff” as Mr. Bernanke pointed out. Stephen Fuller, from George Mason University, said “The unemployment rate will climb above 9%, pushing the economy towards recession and reducing projected growth in 2013 by two-thirds.”

The debates will only continue to heat up this year. Yet, in our opinion we are unlikely to see any real action taken until after the election. That will give our politicians less than two months to implement solutions. We can’t control what they get done, but here are three action items you can control.

#1. Income Tax Planning For Retirement Accounts:

A traditional retirement account grows tax-deferred and then the account owner pays income taxes in the future when withdrawals are made. If you think your individual tax rates will be higher in the future, you should have a Roth Conversion Triple Split Analysis done right now. This could allow an investor to potentially pay lower income tax rates now, and in the future. To qualify for the tax-free and penalty-free withdrawal of earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59 ½ or due to death, disability, or a first-time home purchase ($10,000 lifetime maximum). Depending on state law, Roth IRA distributions may be subject to state taxes. As a backup plan, if tax rates do not change or the strategy does not work as planned, the Roth recharacterization rules allow an investor to undo the conversion next year.

#2. Income Tax Planning for Regular Investment Accounts:

The stock market has significantly increased in price over the past four years. If the current Bush Era tax cuts expire, capital gain rates would increase from 15% up to 20%. Investors who own stock in a taxable account should consider locking in gains while capital gains rates are at historic lows. Next, investors receive dividends could be in for a shock next year. If the current dividend rate expires, rates would change from 15% to ordinary income rates. Thus an investor in the 25% tax bracket would see a 40% reduction in income due to higher taxes. To avoid a major reduction in income, retiree’s and investors should consider having Plan B in place.

#3. The new estate tax:

Remember that company stock that Dad and Mom have held onto all these years? Currently if they pass that stock on to you as a beneficiary all profits are forgiven in what is known as “stepped up basis.” If this law expires, it makes heirs extremely vulnerable to capital gains taxes on what could be highly appreciated stock. Plus, does anyone know what Mom or Dad paid for that stock years ago? Thus, the new rules would make record keeping a big nightmare. A solution is to help Mom or Dad take an inventory of their assets and get cost basis information as soon as possible.

A year from now, the focus may shift on the problems overseas to the problems right here at home. The “fiscal cliff” could turn out to a financial disaster here in the United States. Or maybe at the end of the year after the election results are in, our politicians can come together and quickly implement solutions to avoid the U.S. going back into a major recession. The “fiscal cliff” may turn out to be as much as a hoax as Y2K was. If an investor develops a plan this year on the three ways to be prepared for the “fiscal cliff” the bottom line is they will have a plan in place no matter what happens.

For more information about The Retirement Guys, tune in every Saturday at 1 PM on 1370 WSPD or visit www.retirementguysnetwork.com. Securities and Investment Advisory Services are offered through NEXT Financial Group Inc., Member FINRA / SIPC. NEXT Financial Group, Inc. does not provide tax or legal advice. The Retirement Guys are not an affiliate of NEXT Financial Group. The office is at 1700 Woodlands Drive, Suite 100, Maumee, OH 43537. 419-842-0550

Train to pull into Toledo Zoo for show

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Pat Monahan leads Train into the Toledo Zoo on Aug. 14, 2012. Photo courtesy Crush Management

Most drummers live for a solo during a concert. But Scott Underwood doesn’t even need his sticks for some time in the spotlight.
The Train drummer has been marrying couples on stage during the group’s tour this summer.
“We wrote the song ‘Marry Me,’ ” he said. “People were writing in saying, ‘Can I please propose at your show?’
And people were getting on stage and proposing. Or sometimes people would propose right in the audience, and we would just hear this uproar like back in the audience somewhere and you’d see a guy on his knees.”
Train’s manager suggested one of the band members become an ordained minister. Underwood got online with the Universal Life Church.
“It’s a really cool experience to be marrying people and to have such a pivotal role in their relationship,” he said. “I know it’s a pretty heavy role; if I look at it and think about it too
much, I will get nervous, but I just am enjoying it.
“I was having actually too much fun when we first did it, and I’m jumping around the stage to get the audience going. And my singer, Pat [Monahan], was like, ‘Dude, you got to chill; this is like their moment, not your moment,’ ” Underwood said and laughed.

The Grammy award-winning group known for “Meet Virginia” and “Drops of Jupiter (Tell Me)” definitely is having fun since taking a break from 2006-09.
“We were not getting along as a band or enjoying what we were doing,” Underwood said during a call from a tour stop in St. Louis. “I think we were just disenchanted with the whole thing and also took everything for granted. We just decided to take a break instead of just continue to be unhappy.
“During that break, we just realized, No. 1 that what we have in Train is very rare and precious, and it’s something that we’re really lucky to have. It’s a gift that was given to us, and we should appreciate it and respect it and treat it well.”
Underwood, Monahan and guitarist Jimmy Staff ord also realized they wanted to write more up-tempo music.

And they did. “Hey, Soul Sister” from 2009’s “Save Me, San Francisco” topped the charts in 15 countries and was the biggest selling single of 2010.
“We want to make people dance,” Underwood said. “We come from the era of, like, grunge rock and indie rock and stuff back in the mid to late ’90s, so when we were first writing songs, it wasn’t about dancing; it was about being bummed out and nobody loves me and I’m misunderstood and all that stuff .
“We were those guys for sure, but we’ve evolved with the rest of the world into, like, let’s party and have fun. That’s the era we’re in, and it’s nice to write music that contributes to that — I want to be cheered up at shows.”
The band from the city by the bay continues to crank out good times on its sixth disc, “California 37,” which includes the hits “Drive By” and “50 Ways to Say Goodbye,” which features David Hasselhoff in the video.
“David Hasselhoff is hilarious,” Underwood said. “He’s funny just being in a video; seeing him now is funny.”
Train will pull in for a 7 p.m. concert Aug. 14 at the Toledo Zoo Amphitheatre. Andy Grammer and Mat Kearney will open. Tickets range from $39.50 to $65.

Rathbun: Commodities confusion

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The past couple of weeks I have gotten several questions about investing in commodities for diversification and an inflation hedge, both at the office and on the radio.

First of all, many people confuse investing in commodities with commodity futures. While these investments are related, they are very different and have different uses. Commodities are tangible assets such as gold, silver, copper, zinc, wheat, corn, gasoline and oil, among others. Futures contracts are simply speculation or hedging on the future price of these commodities.
Let’s say you think corn is going to go down in price in the future; you could agree to sell corn in November for the price of $8 a bushel. Sometime between now and the date in November you could purchase the corn at a lower price, say $6 a bushel, and fulfill your sale of corn in November. This will give you a $2 profit on corn you never owned or intended to own.
If the price of corn goes against you and between now and November corn continues to rise to say $11 a bushel, you will lose $3 a bushel and will have to write a check for the difference. On 10,000 bushels this is a $30,000 loss.
Futures contracts are highly speculative, partially because of the uncertainty of the price of a future good but also because the futures contract can be entered into with very little cash out of your pocket. So a 10,000 bushel contract of corn, worth more than $80,000 can be controlled for as little as $8,000. For $8,000, you could make $20,000 or lose $30,000, in the examples above.
With the amount of leverage available for these contracts, it is easy to see how people can get into trouble if they don’t know what they are doing. Also, it is easy to see how companies like MF Global can get into deep trouble making the market for futures contracts.
Commodity investing, while similar to above, is actually investing in the commodity itself. The most common, for most of us, is buying gold and silver. Commodities in general are fairly sensitive to the effects of inflation and therefore are a good hedge against inflation going forward.
Investing in commodities can be done by taking physical delivery or by using an exchange-traded fund (ETF) that invests in the commodity. Taking physical delivery is fairly easy if you are buying precious metals, because you can get a lot of value in a small quantity. Taking physical delivery of 10,000 bushels of corn, however, can be a little more cumbersome for most of us.
Using an ETF for some of your commodity investing can be very convenient because you don’t have to take delivery and you still get most of the advantage of the movement of the underlying asset. ETFs also allow you to hedge your hedge, if you will, by protecting the downside with limits and options.
There is always some counter-party risk, but in “normal” markets this is minimal. There is usually plenty of liquidity to provide a market for the ETF shares. I am not a big fan of mutual funds for any investing, but you can also invest in commodities using mutual fundsif you like. Generally, using a mutual fund will pretty much eliminate the counter-party risk since mutual funds are required to redeem their shares for their investors on demand.
In conclusion, commodities should be a part of a portfolio in one form or another if your risk tolerance allows. Whether you use futures contracts, ETFs, mutual funds or take physical delivery, commodities can provide an inflation hedge and additional diversification to your investments. ✯
Gary L. Rathbun is the president and CEO of Private Wealth Consultants, LTD.

Campaign raises $2,454 for Feed Lucas County Children

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Feed Lucas County Children (FLCC) received $2,454.47 from the Round Up Hunger campaign.

The initiative allowed customers to donate their change at Walt Churchill’s Markets in Maumee and Perrysburg during the first two weeks of July.
On Aug. 2, Chris Kozak, communications and community relations manager for Columbia Gas of Ohio, and Walt Churchill presented FLCC Development Director Emily Laurel with two checks (one from each store) at the market’s Maumee location.
“We’re so grateful for this wonderful community partnership and the ability to sustain our program,” Laurel said.
FLCC Executive Director Tony Siebeneck said the donation will provide at least 1,700 meals for Lucas County children, which is about one third of a single day’s meals, or lunch for one summer day in the county.
Laurel said FLCC is currently weighing options for a new kitchen that will be able to provide about 20,000 meals per day. Recently, the organization located a possible building for its new, expanded kitchen. Th e exact location will not be released to the public for a couple of weeks, Siebeneck said.
“We think the whole roof needs to be replaced, which will cost between $175,000-$200,000,” Siebeneck said.
Siebeneck said that because of the damaged roof, the organization’s ongoing need for community support in making the kitchen a reality has become critical.
“Th is kitchen will be the first kitchen in Ohio with the capacity to end summer hunger in the county,” Siebeneck said. “We need some people with compassion to step up to the table here.”
“What better place to donate than a kitchen feeding kids for the next umpteenth decades? … We need as many people to help as soon as we can in the county,” Siebeneck said. “It would be a great thing for the county to achieve this objective.”
Th e nonprofit organization is funded through private donors, businesses, grants, churches and federal money, according to feedlucaschildren.org. It has provided more than 700,000 summer meals for children 18 and younger since 2002, a FLCC news release said. Th is summer, FLCC has distributed from 80 different countywide locations.
On July 23, FLCC received its fi rst shipment of “weekend backpacks,” which are distributed on Fridays at the sites to provide weekend meals for all the children. Before the five-week initiative began, FLCC only provided take-home weekend meals at some of their sites.
“The governor is very tuned into child hunger and they called and asked and we came together,” Siebeneck said of the initiative. “[Ohio Association of Food Banks] agreed to ship the meals in.”
Four thousand “backpacks” will be distributed each week until Aug. 24. Each USDA approved cellophane pack contains two breakfasts, two lunches and two dinners, along with two milk containers and two 100 percent juice boxes.
About 120,000 weekend meals will have been provided for Lucas County children when the project is over, Siebeneck said. Th is is in addition to the thousands of weekday meals the organization provides.
“We’ve never done anything like this before,” Siebeneck said. “It could possibly be new to the area as well.”
FLCC has reached out to area Girl Scout and Boy Scout troops, along with other area groups, for help with loading and distributing the meals.
As the summer draws to an end, Siebeneck said FLCC will wrap up its fi rst annual summer kids camps and begin to start working with the schools on school meals, snacks and dinners for after-school tutoring.
Siebeneck said in mid-September probably 25-30 school sites will be utilized, but that number will grow as schools get acclimated.
Siebeneck said the camp at Knight Academy, which began June 13, did very well, and FLCC is already looking into adding more sites next summer.
“We did pretesting and already we’re starting to do some post-testing. We’re seeing nice results we’re happy with,” Siebeneck said. “When [the kids] go back to school they’ll definitely be more in the learning mode. We feel good we’ve been able to help slow down the ‘brain drain’ this summer.
For the first year of running this camp we’re pleased with the results.”
Th e free camp had 421 registered participants throughout its summer-long duration. It ended Aug. 9, but Siebeneck hopes to extend the program next summer.
“Being the first year, we were a little conservative. We’ll probably add three more weeks next summer,” Siebeneck said.
On Sept. 23, FLCC will host a benefit golf outing at Spuyten Duyval Golf Course on Central Avenue. The cost to participate is $75 per person in a foursome. Th e event comes with dinner and other perks, Siebeneck said.

More details and registration information will be available on feedlucaschildren.org later in August.

Owens alumni, area businesses partner for school supply drive

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Children at Garfield Elementary look at school supplies purchased at the 2011 supply drive. Photo courtesy Owens Alumni Association

Owens Community College’s Alumni Association in collaboration with several area businesses is reaching out to area children in need by hosting a month-long “Backpack to the Future” school supply drive.
The drive started July 17 and runs through Aug. 17. Books-A-Million, Directions Credit Union, Great Lakes Credit Union and Genoa Bank are partners in the drive.
Items needed are gently used or new backpacks, crayons, markers, bottles of glue, glue sticks, colored pencils, pencils, pink erasers, school boxes, pocket folders, marble covered composition books and tissues.
The alumni association works with schools to give away the supplies to low-income kindergartners, partnering with elementary schools in Lucas, Wood and Hancock counties in which a high percentage of students are eligible to receive free and reduced price lunches.
“We’re unique in the standpoint that we don’t give supplies to individuals directly,” said Laura Moore, executive director of the Owens Alumni Association. “We give the suppliesand
the backpacks to the schools so they  can handle the distribution because they know their students and their families best.”
Last year’s drive collected 426 backpacks and 8,200 school supplies. Since establishing the program in 2004, the alumni association has given away 2,356 backpacks and 42,661 school supplies to Northwest Ohio students.
“As you can imagine, every year the need is greater,” Moore said. “We see so many schools that have 90 percent of their students at free and reduced lunches. We’d love to serve every school, but we only have so many supplies that come in.”
The association tries to partner with different schools each year.
“We feel it’s so crucial for students in their first official exposure to school to find it really fun and exciting,” Moore said. “If a child doesn’t have supplies and the student next to them does, they are in the position to borrow all year long. Can you imagine how that would feel? We really want to break down those barriers. We recognize supplies areneeded. Backpacks are needed. Without those necessary supplies, the kids start off at a disadvantage.”
Garfield Elementary in Toledo was one of the schools chosen to receive donated backpacks and supplies last year. Principal Janice Richardson said the school received enough supplies to last all year for students through eighth grade.
“It was just a blessing,” Richardson said. “With the economy the way it was, just to look a parent in the face when they are struggling to find a job or make ends meet and say, ‘We can handle this,’ was great. Tissues, folders, notebooks, backpacks — you name it, we needed it and it was there. Whenever we’d see someone who needed a backpack, we gave them one.
“If someone lost one, we gave them one. We didn’t have to fret, didn’t have to spend money. We just had to come down to the supply room and get it and they lasted us and will take us to the beginning of the school year. The group at Owens is just wonderful. You know they are doing this from the heart and it just gets bigger and bigger each year. We were very fortunate to have those supplies. I am forever grateful.”
There are 19 community drop-off locations:
Books-A-Million bookstores
(2105 Levis Commons Blvd. at Levis Commons in Perrysburg and 1800 Tiffin Ave. in the Findlay Village Mall in Findlay).
Directions Credit Union branches
(5121 Whiteford Road in Sylvania, 3000 Tremainsville Road in Toledo, 3321 Briarfield Blvd. in Maumee, 4150 Brockway Drive in Perrysburg, 3312 Dustin Road in Oregon, 2533 S. Reynolds Road in Toledo, 3450 Central Ave., Suite 128, in Toledo, 27427 Crossroads Pkwy. in Rossford and 1 Owens Corning Pkwy. in Toledo).
Genoa Bank branches
(801 Main St. in Genoa, 3201 Navarre Ave. in Oregon, 703 Conant St. in Maumee, 24950 W. State Route 51 in Millbury and 9920 Old U.S. 20 in Rossford).
Great Lakes Credit Union branches
(5823 Monroe St. in Sylvania, 580 Craig Drive in Perrysburg and 1890 N. Wilkinson Way at the O-I Plaza in Perrysburg).
Area residents can also bring their donations to Owens’ Office of Alumni Relations on the Toledo area campus, 30335 Oregon Road in Perrysburg Township, the Arrowhead Park Learning Center at 1724 Indian Wood Circle in Maumee or the Education Center Atrium on the Findlay-area campus.
For more information about the school supply drive, contact the Alumni Relations Office at (567) 661-7876, 1-800-GO-OWENS, Ext. 7876 or [email protected].