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Biogen Idec Management Discusses Q2 2012 Results - Earnings Call Transcript

Biogen Idec (BIIB)

Q2 2012 Earnings Call

July 24, 2012 8:00 am ET

Wendy Gabel

George A. Scangos - Chief Executive Officer and Director

Douglas Edward Williams - Executive Vice President of Research and Development

Tony Kingsley - Executive Vice President of Global Commercial Operations

Paul J. Clancy - Chief Financial Officer and Executive Vice President of Finance

Alfred Sandrock - Head of Neurology Research & Development

Brian Corey Abrahams - Wells Fargo Securities, LLC, Research Division

Geoffrey C. Porges - Sanford C. Bernstein & Co., LLC., Research Division

Matthew Roden - UBS Investment Bank, Research Division

Marshall Urist - Morgan Stanley, Research Division

Navdeep Singh - Deutsche Bank AG, Research Division

Rachel L. McMinn - BofA Merrill Lynch, Research Division

Mark J. Schoenebaum - ISI Group Inc., Research Division

Eric Schmidt - Cowen and Company, LLC, Research Division

Geoffrey C. Meacham - JP Morgan Chase & Co, Research Division

Yaron Werber - Citigroup Inc, Research Division

Ravi Mehrotra - Crédit Suisse AG, Research Division

Michael J. Yee - RBC Capital Markets, LLC, Research Division

Charles Anthony Butler - Barclays Capital, Research Division

Thomas Wei - Jefferies & Company, Inc., Research Division

M. Ian Somaiya - Piper Jaffray Companies, Research Division

Good morning. My name is Sarah, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Biogen Idec Q2 2012 Earnings Conference Call. [Operator Instructions] After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] I would now like to turn the call over to Wendy Gabel, Vice President, Investor Relations. Ms. Gabel, you may begin your conference.

Wendy Gabel

Thank you, Sarah, and welcome to Biogen Idec's Second Quarter 2012 Earnings Conference Call. Before we begin, I encourage everyone to go to the Investors section of to find the press release and related financial tables, including a reconciliation of the non-GAAP financial measures that we'll discuss today.

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Financial Firm Transforms IT Infrastructure With EMC To Enable Business Growth

"EMC's RecoverPoint is one of those technologies that actually lives up to everything it is supposed to be. It has allowed our business to have peace of mind and to have our data backed up off-site with very little time to get the data moved over. The bandwidth reduction is phenomenal. We are doing this across a very small pipe."

"RecoverPoint and VMware SRM enable us to migrate all of our virtual machines from our primary data center to another site 200 miles away in about 30 minutes. Because everything is integrated and pre-scripted, we just press a button and it's done. As a result of having an agile cloud infrastructure, we have achieved 100% availability with virtually zero RPO and RTO's.  I can sleep well at night knowing our data is protected."

Additional Resources:

About EMC

EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing.  Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset — information — in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at

EMC, FAST, RecoverPoint, VNX and Unisphere are registered trademarks or trademarks of EMC Corporation in the United States and other countries. All other trademarks used herein are the property of their respective owners.

SOURCE EMC Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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The WhiteWave Foods Company Announces Upcoming Webcast Of Fourth Quarter And Full Year 2012 Earnings Conference Call

The WhiteWave Foods Company (NYSE: WWAV) will host a live webcast of its fourth quarter and full year 2012 earnings conference call on February 13, 2013, at 9 a.m. Eastern Time. Management will discuss fourth quarter and year-end results, as well as comment on the forward outlook. The webcast will be accessible by visiting

A press release detailing the Company’s fourth quarter and year end results will be distributed on February 13, 2013, prior to the call.

In order to listen to the webcast, users will need to have installed either Real Player or Windows Media Player software, which can be detected and downloaded by visiting the site. A webcast replay will be available for approximately 45 days following the event within the Investor Relations section of the Company’s web site.

The WhiteWave Foods Company is a leading consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, and premium dairy products throughout North America and Europe. The Company is focused on providing consumers with innovative, great-tasting food and beverage choices that meet their increasing desires for nutritious, flavorful, convenient, and responsibly produced products. The Company’s widely-recognized, leading brands distributed in North America include Silk® plant-based foods and beverages, International Delight® and LAND O LAKES® coffee creamers and beverages, and Horizon Organic® premium dairy products. Its popular European brands of plant-based foods and beverages include Alpro® and Provamel®.

Copyright Business Wire 2010

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Baldwin & Lyons Announces Results For Quarter And Twelve Months

INDIANAPOLIS, Jan. 31, 2013 (GLOBE NEWSWIRE) -- Baldwin & Lyons, Inc. (Nasdaq:BWINA) (Nasdaq:BWINB) today announced after tax operating income, defined as net gain before investment gains and losses, of $4.5 million, or $.30 per share, for the fourth quarter of 2012. This compares to after tax operating income of $3.5 million, or $.24 per share, during the fourth quarter of 2011, which was negatively impacted by the ongoing series of weather related events which occurred throughout the year. Net investment gains for the fourth quarter of 2012, which include both realized and unrealized gains in the Company's limited partnership investments, were $0.2 million after tax, or $.01 per share, compared to $2.0 million, or $.13 per share, in the same quarter of 2011. In total, after tax net income for the quarter of $4.7 million, or $.31 per share, compares to $5.5 million, or $.37 per share, for the prior year fourth quarter.

For the full year, after tax operating income totaled $26.1 million, or $1.75 per share, compared to an after tax operating loss of $16.6 million, $1.12 per share, during the same period last year. After tax operating losses during 2011 included approximately $43 million of catastrophe losses resulting from an unprecedented number of significant global events. Net investment gains for the year to date were $5.9 million after tax, or $.40 per share, compared to investment losses of $11.6 million after tax, or $.78 per share, in the 2011 period. In total, after tax net income for 2012 was $31.9 million, or $2.15 per share, compared to an after tax net loss of $28.2 million, or $1.90 per share, for the prior year period.

Premiums written and assumed by the Company's insurance subsidiaries for the current quarter totaled a record $91.1 million, an increase of 6% when compared to the prior year fourth quarter. The property and casualty insurance segment produced an overall 10% increase as premium volume from fleet transportation products increased 19% and professional liability premium increased nearly 50%. These gains were partially offset by decreased volume in private passenger automobile, resulting from rate increases, and the Company's planned phased withdrawal from its Florida commercial multi-peril risk book of business. The reinsurance segment experienced a 10% decline in premium written, compared to the 2011 fourth quarter, as the result of strategic reductions in property reinsurance exposures, partially offset by a 9% increase in casualty reinsurance volume.

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Crown Stock Hits New 52-Week High (CCK)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Crown Holdings (NYSE: CCK) hit a new 52-week high Wednesday as it is currently trading at $43.92, above its previous 52-week high of $43.91 with 117,074 shares traded as of 10:16 a.m. ET. Average volume has been 805,000 shares over the past 30 days.

Crown has a market cap of $6.24 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 19% year to date as of the close of trading on Tuesday.

Crown Holdings, Inc. engages in the design, manufacture, and sale of packaging products for consumer goods worldwide. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Crown as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Crown Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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AFL-CIO, Wary of Koch Money, Presses Tribune to Shelve Newspaper Sale

Nonetheless, Rees is pressing Tribune to hold off on an auction for its newspapers, valued in the company's 2012 reorganization plan at $623 million.

"Oaktree as short-term investors may want this transaction now whereas their clients, the pension plans, are longer-term investors who may benefit from continued ownership of these newspapers as they continue to adjust to market realities," Rees said in an interview on Thursday. "If the Kochs, who are certainly smart investors, were to be buyers here, that demonstrates there's still value to these media properties. From our standpoint, there may be greater profits to be had later on."

At a gathering Wednesday in Washington hosted by the Communications Workers of America-Newspaper Guild, union activists and critics of media consolidation stopped short of painting a sky-is-falling picture were the Koch brothers to buy Tribune's newspapers. Guild President Bernie Lunzer said he's refraining from Koch bashing, adding that there may even be opportunities to organize workers at these newspapers. (Currently, the Baltimore Sun is the only Tribune newspaper represented by the Guild.)

Nonetheless, John Nichols, the MSNBC personality and author of The Death and Life of American Journalism, argued that newspapers need owners who are committed to independent locally-focused reporting. A Koch buyout could result in newsrooms that either practice self-censorship to avoid conflict with their bosses, or newsgathering operations working lock-step with political organizations, he warned.

"I would much prefer that these great daily newspapers be sold to different people, and that they would all want to be out there competing with one another," Nichols said. "When one person can own all of those newspapers, we are looking at consolidation that hurts news gathering where it's needed most, at local and state levels."

More than 25,000 jobs have been cut at newspapers since 2008, Nichols said, citing the Web site PaperCuts. Online publications and cable-TV haven't come close to filling that void, he said.

The filmmaker Tia Lessin was also on hand to describe the Koch's purported effort to derail her film Citizen Koch, which follows a group of working-class Republicans in Wisconsin dismayed by the efforts of Koch-funded groups such as Americans for Prosperity to eliminate bargaining by public-sector labor unions.
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TRBAA $55.84 0.27%
AAPL $113.29 0.00%
FB $91.01 0.00%
GOOG $630.38 0.00%
TSLA $248.48 0.00%

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TD Ameritrade Delivers 5th Consecutive Year Of Double-Digit Net New Client Asset Growth Rate

TD Ameritrade Holding Corporation (NYSE: AMTD) has released results for fiscal 2013. The Company gathered approximately $50 billion of net new client assets, maintaining its industry-leading, double-digit net new client asset growth rate for the 5th consecutive year.

The Company’s results for the fiscal year ended Sept. 30, 2013 include the following: (1)
  • Net income of $675 million, or $1.22 per diluted share
  • Record net new client assets of approximately $50 billion, an annualized growth rate of 10 percent
  • Average client trades per day of approximately 374,000, an activity rate of 6.3 percent
  • Record net revenues of $2.76 billion, 55 percent of which were asset-based
  • Investment product fee revenue of $250 million, up 28 percent year-over-year
  • Pre-tax income of $1.09 billion, or 39 percent of net revenues
  • EBITDA (2) of $1.29 billion, or 47 percent of net revenues
  • Record interest rate sensitive assets (3) of $96 billion, up 16 percent year-over-year
  • Record client assets of approximately $556 billion, up 18 percent year-over-year

“TD Ameritrade had another strong year, as we maintained our industry-leading, double-digit growth in asset gathering,” said Fred Tomczyk, president and chief executive officer. “In 2013 we delivered record net new client assets and interest rate sensitive assets and continued to build on our leadership in trading. Each of these accomplishments contributed to the highest net revenues we’ve earned in our history. As we go forward, we’ll remain focused on growth and investing in the future. Our strategy is working, and our momentum is strong going into 2014.”

“TD Ameritrade has once again shown that we can keep expenses in check, invest in the business, and grow. We have held expenses at the same level in each of the last three years, and yet we’ve continued to invest in the business and deliver record growth,” said Bill Gerber, executive vice president and chief financial officer. “In 2013 we effectively returned 107 percent of earnings via cash dividends and debt repayments, and when you combine dividends and stock appreciation over the last year, our shareholders have received a total return of more than 75 percent. Moving forward we intend to continue building our long-term earnings power and return capital to further enhance shareholder value.”

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Warren Buffett's Favorite 16 Dividend Stocks for 2014

NEW YORK (TheStreet) -- Warren Buffett is considered the most respected and successful investor. Often called "The Oracle of Omaha" for his impressive investing prowess, he is among the world's wealthiest people.

Buffett studied under the legendary Benjamin Graham at Columbia University who had a major impact on Buffett's life and investment strategies.

Buffett is chairman of Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK.A - Get Report) which he built from a textile company into a major corporation with a market cap over $200 billion. Under Buffett's leadership, Berkshire shares averaged a 21.4% compounded annual gain in per share book value from 1965-2006.

He follows a value investing strategy that is an adaptation of Graham's approach: Discipline, patience and value consistently outperforms the market. His moves are followed by investors worldwide. Buffett seeks to acquire great companies trading at a discount to their intrinsic value, and to hold onto them for a long time. He will only invest in businesses that he understands, and always insists on a margin of safety.

Regarding the types of businesses Berkshire likes to purchase, Buffett has said,"We want businesses to be one that we can understand, with favorable long-term prospects, operated by honest and competent people, and available at a very attractive price."

What follows are Buffett's top 16 stocks with the highest dividend yield as of March 31, 2014.

1. Verizon Communications (VZ - Get Report)

Shares Held by Warren Buffett's Berkshire Hathaway:  11,023,000
Holdings Value:  $524 million
Portfolio Weighting as of 3/31/2014:  0.50%
Yield: 4.39%

Verizon Communications Inc. is a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its two segments are Wireless and Wireline.

TheStreet Ratings team rates VERIZON COMMUNICATIONS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate VERIZON COMMUNICATIONS INC (VZ) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

You can view the full analysis from the report here: VZ Ratings Report

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Harriers Open 2006 Season in Flagstaff This Weekend
Courtesy: Sun Devil Athletics
Release: 08/30/2006
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Aug. 30, 2006

TEMPE, Ariz. - Following one of the more successful seasons in program history, the Arizona State University cross country program will hit the trails for the first time in 2006 this weekend as the team travels north to Buffalo Park in Flagstaff, Ariz., for the George Kyte Invitational Saturday afternoon. The meet, which is hosted by Northern Arizona, will feature a women's 5k race at 4 p.m. with the men's 8k run following at 4:30 p.m.

The Sun Devil women enter 2006 after finishing fourth in the nation in 2005, their highest finish ever and the first trophy finish in the history of the program. Led by the program's first three-time All-American Amy Hastings, the women placed fourth in Terre Haute, Ind., after placing second in the Pac-10 Conference and the NCAA West Region. Arizona State's trip to the national meet was the women's seventh in a row, currently one of the longest streaks in the nation.

For the first time in program history, the men advanced to the NCAA Championships in back-to-back seasons and placed 17th overall, one year removed from taking eighth. After placing fifth in the conference, the men surged ahead in the regional meet to finish third and earn one of 13 at-large berths into the national meet. The 2005 team was led by a pair of all-regional selections, including Ryan Warrenburg and Casey Burchill, both of whom were seniors.

Following the women's trophy finish in the cross country national meet, the distance runners helped the women's program on the track as the Sun Devils enjoyed perhaps the most successful season in school history. On the strength of Amy Hastings' 5,000m national title on the indoor track, the Sun Devils placed third to earn their second trophy of the year. Then, on the outdoor surface, Victoria Jackson captured the 10,000m national crown to help the women finish fourth overall, earning their third trophy of the year and making ASU just the second women's program in NCAA history to earn three trophies in one academic year. MORE

The national success the distance runners helped Arizona State claim was not the only solid contribution made last year. The women's harriers also collected 71 of the team's 154 points en route to claiming the program's first Pac-10 team championship. Cross country athletes that won titles for the women included Brooke Bennett (steeplechase), Victoria Jackson (5,000m) and Amy Hastings (10,000m). The men's runners also had one champion as Aaron Aguayo won his third Pac-10 steeplechase crown in a row.

The 2006 schedule for the Sun Devils is nearly identical to the 2005 slate with only to locations changing from one year ago. Following the George Kyte Invitational this weekend, the Sun Devils will return to Tucson for the Dave Murray Invitational (Sept. 15) before heading to the Roy Griak Invitational in Minneapolis (Sept. 23). The Sun Devils then host the ASU Invitational on Oct. 7, moving it to a Saturday morning for the first time. One week later, ASU heads to Terre Haute, Ind., for the Pre-National meet while others remain home for the Canyon West Classic. The championships season gets underway on Oct. 28 with the Pac-10 Championships in Palo Alto, Calif., before the teams head to Portland, Ore., for the Nov. 11 NCAA West Region Championships. The NCAA Championships close out the season on Nov. 20 in Terre Haute.

The Sun Devils will be looking to extend recent streaks of competing in the national championships this season with the women in search of their ninth-consecutive appearance and the men looking for their third in a row. Dating back to 1998, the women have competed in every NCAA Championship meet, placing in the Top 25 each time and recording Top 10 finishes three times, including the last two years. The men have made the 32-team field four time, including the last two meets, and have placed among the Top 20 every time.

Last year, five women and one man earned All-Pac-10 honors with just one of the women returning for the 2006 season. On the women's side, Amy Hastings and Anna Masinelli each collected first team honors while second team selections went to Rachel Ellison, Victoria Jackson and Jenna Kingma, the lone returning runner. The men saw Ryan Warrenburg collect second team honors.

The 2006 roster features 20 women and 17 men with three women and six men coming to Tempe as true freshmen. For the women, 13 runners return from last year with three of the women coming off a redshirt season while the men return 11 athletes with five entering the season following a redshirt campaign. The women will return six athletes that competed in either the Pac-10, West Region and/or NCAA Championships, including Brooke Bennett, Whitney Hardt, Jenna Kingma, Corey Randall, Cassie Rios and Angela Spadafino. The men have four runners back that competed in the championship meets including Kal Clark, Eric Dall, Joey Heller and David Mehlhorn. The men also will bring back Aaron Aguayo, who competed in all three meets in 2004, and Kyle Alcorn, who competed for Oregon in 2004.

Six women and seven men are on the roster for their first cross country season with the Sun Devils in 2006, including three women and six men entering as true freshmen. For the women, the rookie class includes Whitney Blue, Kari Hardt and Jenn Schraven while the men's freshman class includes Collin Eckelman, Ben Engelhardt, Mikias Gelagle, Jeff Helmer, Garrett Kelly and Patrick Milloy. The women's newcomers also include junior transfers Jenny Cohen (Scottsdale CC) and Sereena Harmon (Paradise Valley CC) and the addition of D'Metra Macedon, a member of the 2006 track and field team. The lone non-rookie on the men's side is Kyle Alcorn who joins the squad after sitting the 2005 season following his transfer from Oregon.

Last year, Whitney Hardt completed her redshirt freshman season with the Sun Devils and ran in four races, including the Pac-10 Championships. This year, she welcomes her younger sister Kari to the team. The addition of the younger Hardt marks the second time in as many years that siblings have appeared on the ASU roster after JJ Duke and younger sister Krystal Duke were teammates in 2005.

The Sun Devil rosters boast 12 women and seven men hailing from the state of Arizona with another five and three, respectively, calling California home. The two remaining women and four of the remaining seven men call the eastern portion of the United States their home. For the women, the Sun Devils have one runner each from Ohio and Vermont (the most eastern representative on the roster) while the four eastern men hail from Kentucky, Iowa, Maryland and Ohio.

Each team has selected two captains for the season. The women's captains are Corey Randall and Cassie Rios while the men will be led by Aaron Aguayo and Eric Dall.

Louie Quintana returns for his third season at the helm of the Sun Devil program in 2006 and will look to continue the recent trend of success the Sun Devils have enjoyed under him. The 2006 USTFCCCA National Assistant Coach of the Year for Women's Distance Track & Field, Quintana's runners made great strides in 2005 with his women playing a vital role in the program's first 'Triple Crown' as ASU secured trophy finishes (Top 4) at all three NCAA Championships (third at the indoor NCAA meet and fourth at both the NCAA cross country and NCAA outdoor track & field meet). His harriers also struck gold on the track, including national titles for Amy Hastings in the indoor 5,000m run and Victoria Jackson in the outdoor 10,000m event. His women also played a vital role in the success of the Sun Devils at the Pac-10 meet as three individual champions and 71 points scored helped secure the team's first conference team championship crown.

Following a week off from competition, the Sun Devils return to the road as they travel south for the Dave Murray Invitational on Sept. 15 in Tucson.

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Thursday, September 8, 2011

Cupcake Charm

I am so excited.  I received my new charm in the mail today.  I found this cute little cupcake charm on the other day ( ).  I just had to have it.  I have an obsession with cupcakes lately.  It fits my Pandora bracelet perfectly.  I would have bought the Pandora cupcake charm, but it had gold on it and I am not too fond of gold.  So I bought this one instead.  I know my bracelet is a bit sparse.  My husband just bought it for me for Mother's Day this year, so I have time to fill it up.  Chamilia has a cute camera charm and suitcase charm.  Well, Christmas is coming up pretty soon.  I will have to put them on my list.

1 comment:

  1. Some how I think Santa took note of them.

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Leo Santa Cruz KOs Lopez, Luis Ramos & Caballero Win Too

BY David A. Avila ON June 04, 2011

Leo Santa Cruz KOs Lopez, Luis Ramos & Caballero Win TooRamos, right, got it done against Lorenzo, who slapped.

INDIO, CALIF.-Fast-rising Leo Santa Cruz met former world champion Jose “Carito” Lopez (39-10-2),  who had never been knocked out or stopped, and did just that. From the beginning the fighter out of East Los Angeles used his longer reach and pinpoint timing to keep the Puerto Rican veteran from using his experience at Fantasy Springs Casino on Friday.

Lopez tried every trick he knew, including using his head, which forced a cut on Santa Cruz’s eye. That only seemed to spark the youngster into overdrive as he lashed at Lopez with long right hands to the head including a blow that seemed to catch the eye. Down went the crafty Lopez after receiving a pummeling. Referee Tony Crebs stopped the fight at 2:35 of the fifth round.

“I wanted to be the first to knock him out,” said Santa Cruz (16-0-1, 8 KOs).

Two southpaw lightweights collided, with the sharper, cleaner punching Luis Ramos (19-0, 8 KOs) proving more effective than the wild swinging Francisco Lorenzo (36-10) of New Jersey after eight rounds.

Lorenzo’s odd punching angles and overhand swings looked effective at first but he was not punching with the knuckles most of the time. Instead he was touching with the inside of his gloves ,which is illegal, but referee Jerry Cantu never caught it or warned the New Jersey boxer. Most of the fans were fooled by the tactic that looks and sounds like a good blow but is really a slap.

All three judges scored it for Ramos 79-73, 77-75, 77-75, who remains undefeated.

“My plan was to out box him and frustrate him and I think I did,” said Ramos. “We traded blows but I think I got the better of him.”

Lorenzo has never been knocked out or stopped, despite fighting Humberto Soto, Erik Morales and Roman Martinez.

Popular Randy Caballero (11-0, 7 KOs) knocked out Chicago’s Sergio Cristobal (3-2) with a counter right hand at 2:06 of round four after back and forth action for the two bantamweights. It looked like Caballero was going to end the night in the first round when a perfectly timed right to the chin floored Cristobal, but he roughed it out.

Rounds two and three saw Cristobal carry the action with intense pressure that forced the fight to go inside. But Caballero kept his cool and looked for big shots in between the Chicago fighter’s combinations. It was good action.

“My opponent came forward and put a lot of pressure on me,” said Caballero, who lives and trains in nearby Coachella. “I knew I could wear him down and then knock him out.”

Round four saw Caballero hurt Cristobal with a couple of left hooks. That left an impression on the Chicago fighter that resulted in Caballero returning to the right hand that knocked down Cristobal hard. His corner alerted referee Jerry Cantu to wisely stop the fight. He’s too good a fighter to let him take more punishment.

“I’m going to make it to the top,” predicts Caballero, whose next fight will be at Fantasy Springs Casino on July 1.

Arizona’s undefeated Javier Loya (5-0, 4 KOs) drove in from Phoenix knowing he was fighting hometown boxer and undefeated boxer Jose Vargas (5-1-2) in a six round junior welterweight bout. He took it anyway and stopped Vargas with a left hook and right hand for a technical knockout at 2:53 of the first round.

“I’m hungry. I came over here to show them what I can do,” said Loya, who was losing the round before staggering, then knocking out Vargas. “I saw that he was open for a left hook and I hurt him with it.”

One of boxing’s better fighters with a losing record, Juan Sandoval (4-6-1), kept a win- streak alive with his second consecutive win. This one came via knockout over Pomona’s Rene Torres (0-5-1) at 2:27 of the second round of a junior lightweight contest. San Bernardino’s Sandoval has received some poor decisions in the past against hometown fighters so he’s been even more aggressive. The lanky long-armed Sandoval floored Ramos with four right hands to the body in the second round. When the fight resumed Sandoval targeted the head and gained a knockout with a left-right combination. Referee Tony Crebs counted 10.

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Big three wait for word of White House bailout

Tuesday, December 16, 2008

Congress and the big three automakers are waiting to see if and when the White House will step in with a helping hand for the industry. Congress failed last week to approve an emergency loan package and now the White House says it may use its power to bail out the industry at least temporarily. The Takeaway talks to Todd Zwillich, reporter for Capitol News Connection, in Washington, DC.

Todd Zwillich

Jesse Baker

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Practical Approaches to Common Conflicts of Interest

By Robert A. Mathers, J.D., CPA/ABV/PFS, and Norma Schrock, J.D., MBA

Editor: Thomas J. Purcell III, CPA, J.D., Ph.D.

This column highlights some common conflicts of interest encountered by CPA tax practitioners and offers some practical means of properly addressing the consequential ethical issues.

To provide some context for this discussion, consider the following situation: In 1998, an attorney wrote several tax opinions for prospective benefit plan participants concerning the plan's tax qualification, while at the same time he maintained an attorney-client relationship with the plan's promoter. The attorney later became a co-trustee of the plan. When the IRS challenged the plan, the attorney represented individual plan participants before the IRS with respect to their individual tax disputes, while continuing to serve as the plan's co-trustee.

Throughout this period, the attorney failed to advise his clients of his multiple engagements and roles, and, of course, he failed to obtain their informed consent to continue the representations. The IRS Office of Professional Responsibility (OPR) viewed these layers of conflicted representation as jeopardizing the rights of the various clients the attorney represented. In 2012, OPR censured the attorney because of these conflicts (see IRS News Release IR-2012-63, "Attorney Censured by the Office of Professional Responsibility for Mishandling Conflicts of Interest," (6/22/12).

Relevant Ethical Provisions

A practitioner does not need to be an attorney with multiple layers of conflicts to be in the middle of a conflict problem. The AICPA Code of Professional Conduct (AICPA Code), which applies to all members of the Institute (and, by reference, to practitioners in those states where the governing board of accountancy has incorporated the AICPA Code into the state-specific code of conduct), and Treasury Circular 230, Regulations Governing Practice Before the Internal Revenue Service (31 C.F.R. Part 10), which applies to professionals who are licensed to practice before the IRS, both speak to conflicts of interest and how to address them.

AICPA ethics interpretations state that a conflict may occur whenever the member or someone in the member's firm "has a relationship with another person, entity, product, or service that could, in the member's professional judgment, be viewed by the client, employer, or other appropriate parties as impairing the member's objectivity" (AICPA Code, ET §102-2, "Conflicts of Interest"). The rule does not prohibit providing a nonattest service, such as tax services, where such circumstances exist, as long as "the member believes that the professional service can be performed with objectivity, and the relationship is disclosed . . . and consent is obtained" (id.).

Section 10.29 of Circular 230 spells out the following situations that are deemed to be conflicts:

(1) The representation of one client will be directly adverse to another client; or

(2) There is a significant risk that the representation of one or more clients will be materially limited by the practitioner's responsibilities to another client, a former client or third person, or by a personal interest of the practitioner.

Section 10.29(b) provides that, even when a conflict exists, the practitioner may still represent the client if (1) the practitioner reasonably believes he or she will be able to provide competent and diligent representation to each affected client; and (2) assuming the representation is not prohibited by law, each affected client waives the conflict of interest and gives informed consent, confirmed in writing by each affected client, at the time the existence of the conflict of interest is known by the practitioner.

Note that Section 10.29(b)(3) of Circular 230 allows the written confirmation to be made within a reasonable time after the informed consent, but in no event later than 30 days. In addition, Section 10.29(c) requires practitioners to retain the written consents for at least 36 months from the date of the conclusion of the representation of the affected clients. The written representations must also be available to the IRS upon request.

Commonly Encountered Conflicts

Based on the authors' experiences, the following are some of the more common conflicts encountered by CPA practitioners:

Example 1. Practitioner's personal interest: D , CPA, is also a registered representative with ABC Securities Inc. D is the income tax return preparer for E , who has a 1-year-old child. When delivering E 's income tax return, D advises him that he would benefit from using a Sec. 529 qualified savings plan to save money for his child's education. D points out that in E 's home state, he would benefit from a state income tax deduction of up to $3,000 per child per year. The state income tax rate for E 's home state is 7%. Therefore, if E were to contribute $3,000 per year for 10 years, his cumulative state tax savings (ignoring the time value of money) would be $2,100 ($3,000 × 7% × 10 years). E agrees, and D completes a new account form, opening a Sec. 529 qualified savings plan with E as the owner and his child as the beneficiary. E then invests $5,000 into the plan. As a result of this investment, D earns a 5% commission ($250) on the sale of the Sec. 529 plan security.

Before opening an account for E, D should recognize that E might view her potential commission as possibly affecting her objectivity. This is the type of situation ET Section 102-2 identifies as a possible conflict of interest, and D must determine whether she can be objective in making the recommendation to E. Similarly, Section 10.29 of Circular 230 requires D to be confident that she can provide competent and diligent representation to E. Some questions she should ask herself regarding the materiality of the personal interest and her duty of objectivity include:

  • Do the potential tax savings for the client justify paying a commission?
  • Is the home state's Sec. 529 plan more suitable for the client than that of any other state, especially one whose securities may not be sold by ABC Securities?
  • Is the Sec. 529 plan more suitable than other higher education savings strategies that may be available, such as a Coverdell education savings account?
  • If E were to take D's advice but buy the investment from another broker, could D still diligently provide him with tax preparation services?
  • Is the $3,000 recommended contribution a material amount to E?
  • Is the $250 commission a material amount to D, such that it would influence the advice she is rendering on entering into any Sec. 529 plan?

If D is satisfied that she can objectively, competently, and diligently make a recommendation to E, ET Section 102-2 requires her to inform E that she will receive a commission if E invests in the plan through D and to obtain E's written consent. The Circular 230 rule permits D to make the recommendation and open the plan even if she thinks there is a significant risk that her dual role could materially limit her ability to represent E, provided that D captures E's informed consent in D's files so as to completely satisfy Sections 10.29(b)(2) and 10.29(c). For example, D may explain that she is familiar with other plans or investment opportunities that may be available, and E may decide that the convenience of having D open the account outweighs the actual or perceived benefits of alternative solutions.

ET Section 102-2 does not require the consent to be in writing, and Section 10.29 requires a written consent only when there is a significant risk that D's dual role would materially limit her ability to represent E. D, however, may wish to eliminate the risk of questions arising in the future by obtaining E's written consent. At first blush, this seems to be an easy exercise (i.e., just have the client sign a consent), but there is more to it than meets the eye.

What Is "Informed Consent"?

Informed consent rules may vary by jurisdiction and by various rules of professional practice (see, e.g., American Bar Association Model Rules of Professional Conduct 1.9 and 1.10; see also ABA Formal Ethics Opinion 08-450 (4/9/08)). ABA Model Rule 1.4(b), for example, states that a client must be provided information "to the extent reasonably necessary to permit the client to make informed decisions regarding the representation." The key is to ensure that the client understands what is involved in the transaction and the scope of risk being undertaken in having the practitioner provide services in the face of a conflict of interest.

In Example 1, D should prepare a waiver form similar to the one shown in Exhibit 1. This will allow D to discuss the issue with E and obtain his approval after ensuring that he satisfactorily understands the conflict to provide informed consent. D should then obtain E's signature and retain the written consent in accordance with Circular 230.

Example 2: Interplay between conflict-of-interest and independence rules: For a number of years, F, CPA, has provided services for G, and they have developed a friendly relationship. G is the general partner in a successful real estate and rental property business based in a nearby oceanside town. F prepared G's personal income tax returns as well as those of the partnership. F also has prepared the partnership's reviewed financial statement for the last several years. Both G and the partnership have executed annual engagement agreements for the services rendered. G informs F that his family is considering buying a house on the beach with another family as joint owners so that the respective families can divide the cost and time of having a weekend beach house. G asks F whether F would be interested in joining. Can F join G in buying the house and continue to provide him tax services?

F should recognize that entering into such a joint venture with G poses several possible conflicts of interest that have not been addressed in the engagement agreements. There could be a threat to his objectivity in both fact and appearance regarding the nonattest services that he provides. F may believe that if he jointly owns a vacation home with G, he can continue to be objective (ET §102-2) and that he is not materially limited from being able to provide competent and diligent representation to G and the partnership (Circular 230, §10.29). By obtaining the appropriate written informed consent from G, the partnership, and other partners, F may be able to continue tax return preparation and tax planning work.

However, F may be unable to continue to review the partnership's financial statements because the AICPA rules requiring independence cannot be satisfied through disclosure and consent. An ethics ruling published in the AICPA Code expressly provides that a jointly held vacation home can be considered a joint closely held investment and, if material to the covered member, can impair the required independence for attest services (ET §191.184).

In this instance, if F elected to withdraw from the reviewed financial statement engagement, he could prepare a written informed consent documentfor G and the other partners in the partnership to consider and execute. (It is the authors' belief that the partnership's tax matters partner (TMP) could waive the conflict on behalf of the partnership for purposes of compliance with Circular 230, although the TMP may be unable to legally bind the partnership for other purposes (see Gateway Hotel Partners, LLC,T.C. Memo. 2009-128, in which the court said the TMP serves as a fiduciary).)

Example 3. Multiple clients: H, CPA, prepares the income tax return for XYZ Inc., an S corporation owned equally by F and J. In addition, H provides income tax return preparation services for J but not F. J's wife, K, with whom he files jointly, is starting a home business in the current tax year, for which she will report a substantial ordinary loss on Schedule C, Profit or Loss From Business (Sole Proprietorship). In the current tax year, F's wife, L, won $1 million in the lottery. H advises XYZ Inc. to elect to expense $200,000 of certain depreciable assets for the current tax year. (Assume that $200,000 is under the maximum allowable Sec. 179 election limitation.) This election would considerably reduce income tax for F and his spouse, offsetting the overall impact of her lottery winnings, but it would not provide current-year tax benefits for J and his spouse's business losses. J expects significantly higher personal income in the following year.

Either J or F could view H's dual roles of advising XYZ and preparing its corporate return, in addition to advising J and preparing his return, as affecting her ability to objectively determine the appropriate elections for XYZ. H needs to determine whether she can maintain her objectivity while serving in both these roles (ET §102-2) and whether she is materially limited from being able to provide competent and diligent representation to XYZ and J (and J's spouse) (Circular 230, §10.29).

Assume H has become comfortable with her ability to handle the dual representation. H also has determined that, regardless of how she advises XYZ, it is up to XYZ to make the election. She concludes it is within XYZ's sole discretion whether to elect the amount of Sec. 179 expense deduction H recommends or to elect an amount higher or lower than her recommendation.

Since H has determined that she can fulfill her professional responsibilities, she does not need to obtain written consent from the relevant parties under the Circular 230 rules. Because of a possible appearance of a conflict however, under the AICPA Code, H should inform XYZ of the implications of the election to its owners on their individual returns, make the relevant parties aware of her role as return preparer for both XYZ and J and K, and make it clear that it is XYZ's decision whether to make the election. The AICPA Code does not require written consent from the parties, but H should document her advice and disclosure and make it a part of her client file so as to avoid any appearance of a conflict of interest.

Example 4. Adverse clients: M is a CPA who has prepared a joint Form 1040, U.S. Individual Income Tax Return, for Mr. and Mrs. N for several years. This year, M receives a call from Mr. N, saying that he and his wife have started divorce proceedings. Mr. N wants to meet with M to discuss preparing a joint return for him and Mrs. N, and to discuss whether any tax positions could help him prepare for what he expects will be a bitter battle with Mrs. N over their marital assets.

The first step in the analysis, as in any potential conflict situation, is to consider whether anyone could view the arrangement as affecting M's objectivity, or whether M's service to one client would be materially limited by his responsibility to another. Here, a tax position that is advantageous for Mr. N likely will be disadvantageous to Mrs. N. M therefore will be unable to complete the return with 100% neutrality. Even if he were able to maintain neutrality, that may not be sufficient to meet the objectivity, competency, and diligence standards required by Circular 230 and applicable AICPA and state society professional ethics standards. M likely should not prepare a joint return for the Ns, even if both Mr. and Mrs. N are willing to sign consents.

Suppose the Ns agree to file separate returns for the year, and Mr. N asks M to prepare his. In that case, M's duty of confidentiality to Mrs. N may affect his ability to provide services to Mr. N (ET §301, "Confidential Client Information," and IRC Sec. 7216). M is prohibited from disclosing information that is confidential with respect to Mrs. N or using information received from Mrs. N in connection with the preparation of prior-year returns without Mrs. N's consent. Provided that M believes it is possible to provide competent and diligent service to Mr. N without betraying any of Mrs. N's confidential information, it would be prudent for M to seek Mrs. N's consent before agreeing to complete Mr. N's separate return. A sample of consent language may be found in Exhibit 2. Note if both Mr. and Mrs. N consent to the arrangement, M should also obtain a separate written authorization from Mrs. N to share tax return information under Regs. Sec. 301.7216-3(a)(1).

These scenarios suggest that every CPA tax practitioner must watch for potential conflict situations, regardless of the size or the scope of a practice. Open and direct conversations with clients are necessary to address potential conflicts in fact or in appearance, and it is prudent to document those conversations. When a conflict may have a material impact on a client's representation, Section 10.29 of Circular 230 requires written documentation of the client's informed consent. By spotting and addressing conflicts as they arise, a CPA tax practitioner can steer clear of the trouble described in the introduction of this column.

Thomas Purcell is a professor of accounting at Creighton University in Omaha, Neb. Robert Mathers is an attorney and CPA with the law firm of Davis & Kuelthau SC in Milwaukee. He serves the Milwaukee and Fox Valley regions in Wisconsin. Norma Schrock is with the Tax Quality group at Ernst & Young LLP. Prof. Purcell, Mr. Mathers, and Ms. Schrock are members of the AICPA Tax Practice Responsibilities Committee. For more information about this column, contact Mr. Mathers at or Ms. Schrock at

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Canadians are using social media to find jobs, says global study

The Canadian Press
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Ignore that request from LinkedIn or Twitter at your peril — it might be a job offer, according to a global study released Wednesday.

Social media is proving to be a significant point of contact for people searching for jobs and Canadians say they are being contacted and hired via social websites and networks. — Image by Thinkstock

The study, commissioned by U.S. human resources firm Kelly Services, found that 39 per cent of Canadians polled have been contacted through a social media website or network in the last year about a possible job opportunity.

Of those surveyed, 14 per cent of Canadians said they were hired after having been contacted via websites like LinkedIn, Twitter and Facebook.

“Social media is rapidly revolutionizing the recruitment process because it broadens the access to an enormous pool of candidates,” said Michael Webster, executive vice-president of the Americas region for Kelly Services in a statement.

“We are also seeing the impact access to smart technology has on retention as the work and personal lives of today’s employees is more commonly blended together. Suddenly employees have the flexibility to engage socially or accomplish work tasks at any given time.”

A majority (60 per cent) agreed that these networks were a good way for them to forward along job opportunities to friends and colleagues and about half (48 per cent) said they would be interested in receiving such offers.

“Employees are more social and more flexible in the way they engage with trusted friends and work colleagues on social media and, increasingly, they expect to have access to technology in the workplace to enable that,” said Webster.

The survey, which polled 122,000 people from around the world, found that, on average, 41 per cent said they were contacted in the last year about a job through social media. Brazil was the highest at 74 per cent, while the figure for the United States matched Canada at 39 per cent.

The annual online survey was conducted from October 2012 to January 2013 and polled 7,513 people in Canada. The polling industry’s professional body, the Marketing Research and Intelligence Association, says online surveys cannot be assigned a margin of error because they do not randomly sample the population.

Organizations: Kelly Services, Marketing Research and Intelligence Association

Geographic location: United States, Americas, Canada Brazil

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The former auditor general should

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It’s so easy to make rash judgments or jump to conclusions based on early evidence or little evidence, isn’t it? Sometimes we just want to cast that stone because all too often in the political world we have seen this scenario unwrap before and one just gets tired of it.

“Here we go again” seems to be the norm for any political party once they have control of government. It’s almost as if they have some inalienable right

to do whatever they please without accountability to anyone. After all, it’s politics, should we really expect more?

Take, for example, the case that is currently being played out in the media.

It’s the case of former auditor general John Noseworthy. As our former auditor general, it can be said he was certainly at the top of his game.

He came across as clean-cut, forthright, honest and trustworthy.

During his years as auditor general, he established a reputation as a meticulous worker dedicated to objectivity and to making the public aware of how and where public moneys were being spent.

He was so thorough that he scared some MHAs into retirement while others were swept off to the Lakeshore Hotel for a little rest and relaxation. Was he too good to be true? Some would say yes.

Maybe some people are truly disappointed with the path he took. It started with him shocking the general public by running as a candidate for the Conservatives in the last provincial election. He was also pursued by the Liberals but swept them away like he swept some honourable gentlemen out of office. He didn’t make the grade as an electable candidate and lost. He just didn’t come across to the public in the same way he had as an auditor general  Perhaps his skills are best met as an administrative consultant rather than as a human relations consultant.

Here is the part where we have the oft-used “here we go again,” meaning something is not quite right on Confederation Hill. Noseworthy was hired by the governing Conservatives as a consultant to the minister of advanced education and skills. Isn’t it interesting that Mr. Noseworthy was hired for his “unique skills” at up to $150,000 for nine months’ work?

Not bad if you can get it. Here is a man who dug deep into the fractions to get those who cheated the public purse and to do justice where necessary.

 Is the shoe now on the other foot?

Some would say that Mr. Noseworthy’s reputation has been tainted, that he is no different than any other person who pursued the same path with previous administrations.

Is there a need for justice here? Maybe, maybe not. These things usually play out with nothing being done. It’s the blow-over effect.

Why does it continue to be done? Because it can be done.

As long as we have politicians and governments who believe there needs to be little or no accountability on their part, this navigating of rules and regulations will continue to be the norm for any political party that controls the government treasury.

Where would any government be without its patronage and porkbarreling perks for those who do extraordinary work for their party of choice?

Even though they all do it, that certainly doesn’t make it right. And it will happen again and again.

Maybe our new auditor general should challenge the government on following the guidelines, rules and regulations as set down by its policymakers and lawmakers.

Let it be known that politicians will be accountable for their actions and that penalties will be enforced for those who think they are untouchable simply because they are members of government.

No one is above the law.

P.J. Dwyer writes from Gander.

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  • Politicians and Bureaucrats never are who they profess to be
    February 13, 2013 - 13:58

    The full deck of Conservatives over the past 10 years have said one thing and meant another. Can anyone remember when ex-Premier Williams lambasted the Federal Government on its treatment of Newfoundland and Labrador and now we know he is no different than any other politician who has ever had anything to do with ruling the province? It appears to me that he is in tight with them on the Muskrat Falls deal. POLITICIANS, of like mentality, are all tarred with the one brush and are all contaminated with the "me-syndrome". Newfoundlanders and Labradorians are never the winners when their natural resources are developed, it is always the politicians and their business affiliates, the very reason why Newfoundland and Labrador never prospered economically since it has been part of Canada and before that.

  • Corporate Psycho
    February 13, 2013 - 12:56

    Noseworthy has turned into a joke. Just another one waddling up to the trough. How can anyone take this guy seriously anymore? Corrupt is as corrupt does. The whole thing just stinks and they are getting away with it.

  • Eli
    February 13, 2013 - 08:09

    On the other hand Mr. Dwyer you have Kevin O'Brien who's paid handsomely for doing absolutely nothing but make asinine comments.

  • Cold Future
    February 13, 2013 - 07:09

    What did John Noseworthy have to say about all this? Were his comments honest and forthright or did he admit guilt by his silence? Anyway, the premier has just appointed a deputy minister of procurement reform-that should clear all this scullduggery up once and for all and very quickly. There's no word as yet on whether Mike Duffy will be appointed as his consultant or not.


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Horror tales as 100,000 Yazidi finally find safety

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    Yazidis use an abandoned building as their main residence outside the city of Dohuk Youssef Boudlal/Reuters
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The bridge at Fishkabur over the Tigris river is the final staging post for the exhausted survivors of what is turning into a Yazidi genocide.

Thin, many of them barefoot, the Yazidis who cross the bridge have escaped across the sun-parched Sinjar mountains and through miles of desert beyond, on the only safe path out of territory controlled by the Islamic State as they try to reach northern Syria.

For some the journey ends here. Thousands have decided to stay in Syria, in the newest, full-to-bursting refugee camp in a country already dealing with nine million of its own displaced.

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Isis ‘in chemical attack on Kurds’
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US officials believe the jihadists have started using a banned mustard agent after seizing old stockpiles in Syria or Iraq

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Dozens of Kurdish troops being trained by British soldiers suffered ‘respiratory irritation’ after a chemical rocket attack, it was claimed

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Simon Kerrigan debut reduced to joke

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England were rallying around Simon Kerrigan last night after the most chastening Ashes debut in recent memory left him the subject of laughter from Shane Watson.

Having torn into the spin bowler during a brilliant innings of 176 on the first day of the fifth Investec Test at the Kia Oval, Watson admitted that he was pleased to see Kerrigan’s name on the England team sheet.

Sir Ian Botham said that Kerrigan suffered the “yips” — the term used when a slow bowler loses control of the ball on release — and suggested that the move from second-division cricket with Lancashire to

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England’s all-time leading scorer in one-day internationals is giving up the shorter form of the game to prolong his stay in the Test match side

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High drama of the Twenty20 Finals Day shows that at least one short form is thriving amid otherwise hard times, Richard Hobson writes

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Christmas nearing

Posted Monday, November 30, 2009, at 2:45 PM

Thanksgiving 2009 is now a memory and Christmas is just around the corner. Hopefully, we all survived too much turkey on Thanksgiving and too much shopping on the rest of the weekend.

We will soon, very soon, be attending Christmas parties, family gatherings, church productions, cantatas, parades, Christmas choir and band concerts, holiday ball tournaments, shopping sales, and more. The list gets long this time of year but if we take it all in stride it is a wonderful season. It is not easy but we need to try and not get stressed out. Do the things we have to and don't worry about the rest.

I think part of the problem today is time passes too fast. I can remember when it seemed Christmas morning would never arrive. Now it seems Christmas mornings come back to back.

As we go into the busy season let's not forget to be thankful for what we have and not be so stressed over the things we don't have.

Just in case I get too busy over the next few weeks, I want to take this time and wish everyone a very Merry Christmas.

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wishing everyone in manila area a very joyfull christmas, , esp, rev wayon holt and christine, we pray for them both , !

-- Posted by tom jackson on Sat, Dec 12, 2009, at 1:07 PM

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Revis Blaylock has been on staff with the Manila Town Crier for over 35 years. She has enjoyed making friends in all the areas that the Town Crier covers. This blog contains her general ramblings about events throughout Buffalo Island. She welcomes your comments and ideas for future stories.
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Harvey J. Rabey

Thursday, March 1, 2012

Mr. Harvey J. Rabey, Jr., 74, of Manila, Ark., died Feb. 27, 2012, at the Manila Nursing Center. He was born March 10, 1937, in Heber Springs, Ark., to the late Harvey and Alice Rabey. He was a member of the Westside Baptist Church, enjoyed hunting, fishing, drinking coffee at Roadmart, and loved his grandchildren.

Survivors include one daughter, Theresa Vinson and husband James of Jonesboro, Ark.; three brothers, Donald Rabey of Chicago, Ill., Woodrow Rabey of Houston, Texas, and Homer Rabey of Mountain Home, Ark.; one sister, Dorothy Whittenburg of Caraway, Ark.; two grandchildren, Paul Keith Rabey and Tiffany Martin; four great grandchildren, Hannah Jones, Fancy Martin, Damien Rabey, and Elizabeth Martin, and a host of other family and friends.

Mr. Rabey was preceded in death by his parents; two brothers, Cecil Browning and C.J. Rabey, and two sisters, Mable Healey and Orphea Kinney.

Memorial services will be held at Westside Baptist Church in Manila at 5 p.m. Thursday, March 8, under the direction of Faith Funeral Service.


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Mrs. Mason Wayne Vidrine
Mrs. Mason Wayne Vidrine
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Jill Katherine Marien and Mason Wayne Vidrine were united in Holy Matrimony on Saturday, October 6, 2012 at St. Rita Catholic Church in Alexandria, Louisiana. The Wedding Mass was officiated by Father Craig Scott. Music was provided by organist Melva Villard and vocalists Julie Dekeyzer and Kristyn Opdenhoff.

The bride is the daughter of Mr. and Mrs. Jack R. Marien of Alexandria, Louisiana. She is the granddaughter of Mr. and Mrs. Alfred Bordelon, Sr. of Pineville, Louisiana and the late Mr. and Mrs. Louis A. Marien.

The groom is the son of John and Shannon Thompson Bowers of Alexandria, Louisiana and Mr. and Mrs. David Vidrine of Zephyrhills, Florida. He is the grandson of Mr. and Mrs. Kerry Lloyd of Alexandria, Louisiana, Mr. and Mrs. Billy Thompson, Jr. of Alexandria, Louisiana, Mr. and Mrs. Donnie Willis of Monroe, Louisiana, and Mr. Phillip Vidrine of Florida.

Jill is a 2008 graduate of Holy Savior Menard Central High School and a 2012 graduate of Northwestern State University. She received her Bachelor's of Science in Nursing and is currently a registered nurse at Rapides Regional Hospital.

Mason is a 2008 graduate of Alexandria Senior High School and will receive a Bachelor's degree in Business in December 2012. He is currently employed at Evangeline Bank in Pineville, Louisiana.

Attending the bride as her Maid of Honor was Kayla Smith. Her bridesmaids were Kyla Marien Vaughn, sister of the bride, Jaclyn Marien Clinton, sister of the bride, Kara Moore, Emily Edwards Guillory, and Julie Kajor. The flower girls were Jade Marie Bowers, sister of the groom, and Maggie Ann Bell, cousin of the bride.

The groom's Best Man was his twin brother, Austin Vidrine. His groomsmen were Jared Wilson, brother of the bride, Taylor Thompson, uncle of the groom, John Ford, Scott Mayeaux, and Erich Hoffmann, cousin of the bride. The ring bearers were Hunter Wayne Vaughn, nephew of the bride, and Bradley Ross Wilson, nephew of the bride. Ushers were Brett Bolton, cousin of the groom, Chase Lemoine, nephew of the bride, Zachary Burnaman, cousin of the bride, Chase Guidry, and Jake Ford.

Gift bearers were Colton Elliott, nephew of the bride, and Chase Lemoine, nephew of the bride. Program attendants were Andrew Bolton, cousin of the groom, and Colton Elliott, nephew of the bride.

Following the ceremony, a reception was held in the St. Rita Holy Family Center featuring catering by Southern Creations, music by Terry Manning, and flowers by Missy Boutte.

After a honeymoon trip to Montego Bay, Jamaica, the couple will reside in Alexandria, Louisiana.

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April 3, 2014
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Making a difference - one documentary at a time

Every once in a while a story resonates with readers — for whatever the reason — so much so that I hear about it, a lot.

The most recent example is a double feature of films put together by KVMR’s Cheri Snook, highlighting the important role art plays in dire and harsh conditions — more specifically, in German concentration camps and behind bars at Folsom State Prison. Granted the subject matter is enough to warrant notice.

At 7 p.m. Friday, “At Night I Fly” will screen one last time, along with an 8:45 “Beyond The Barbed Wire.”

“Beyond The Barbed Wire: An Artist’s View of the Holocaust” examines how creativity energizes and heals those who are suffering. In Buchenwald, Terezin and Auschwitz, some prisoners created art as a means to escape and express what could not be spoken. This moment allowed them to connect with their individual identities, in a place of cold, numeric regulation and dehumanization. Some of the works still exist, hidden in the corners of cell blocks and barracks. Through the words, dreams and paintings of Ben Altman, a survivor of five concentration camps in what was then Nazi-Germany occupied Poland, a lifetime of memories pour forth, according to the documentary film’s synopsis.

As Altman survived in Hitler’s camps by making soldiers uniforms and clothing, he used his trade when liberated and moved to San Francisco to become a tailor for the San Francisco Symphony Orchestra.

Later, he became involved with a Jewish community of artists and learned to paint, depicting his memories of his time in the prison camps, according to Snook.

“At Night I Fly” hits a little closer to home. Filmed at Folsom State Prison, filmmaker Michel Wenzer isn’t interested in the lurid fare that typifies popular depictions of prison. He is interested in how some inmates manage to find a way to live and to grow in a place of desolation. For the men profiled in Wenzer’s documentary At Night I Fly: Images from New Folsom, salvation comes in the form of self-examination and artistic engagement, helped along by the remnants of California’s once-thriving Arts In Corrections program, Snook said.

That program received a huge boost a few years ago when it was canceled in the state budget. Locals, such as Snook, volunteered their time to maintain an arts presence within Folsom State Prison.

“We at KVMR have been granted a red carpet acceptance for many arena’s in promoting and producing of many local to national touring artists. KVMR recorded and produced the Historical National broadcast concert of Michael Franti and Spearhead, which was aired same day as a concert from inside the walls of New Folsom,” Snook said. “Many artist’s such as two-time Grammy Award winning Mary Youngblood have continued to visit and teach weekly workshops in the program, including having her flute maker Pat Heron work with inmates in crafting and gifting many handmade flutes, which some have taken to other prison’s in transfers to continue to learn and teach others. Recently guitar wizard Tommy Emmanuel made yet another appearance as he usually does when coming through California to stop at New Folsom for the day. Local artists as Kelly Flemming schedules himself a weekly class and has been involved in recordings of the Prison Blues Band, which Paul Emery of KVMR received a grant for the recording that is to be released. In 10 years of volunteer programs nearly 200 artists from the community have actively played a part in the Arts Program, keeping a door open for the prison system to look at reestablishing the arts back into the system.”

Friday’s screening of “I Fly At Night” will be the third time the film will show in the U.S. Tickets to the double feature are $10 and available at The movies will be shown at the Synthetic Unlimited Opera House, 120 Joershke Dr. in Grass Valley (across from the former BriarPatch Co-Op location).

Seating is limited. For more information, call 530-265-0534.

Features Editor Brett Bentley can be reached at or by calling 530-477-4219.

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The Union Updated Apr 3, 2014 08:34AM Published Apr 3, 2014 08:38AM Copyright 2014 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Proposed Land Use Plan and Land Use Summary

The Land Use Exhibit and Land Use Summary represent the current proposed plan.  All updates will be shown chronologically below as PDF files for reference as the project moves forward in the entitlement and review process.

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 Take a fly-over tour of this land plan below.

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Maj. Gen. R. Martin Umbarger, adjutant general of the Indiana National Guard, along with Lt. Col. Jeff Hackett, Battalion Commander of 1-293rd, presented the award to Rev. Roger Reece, Executive Pastor of Associated Churches on Saturday, March 9, 2013 in Indianapolis.

The non-profit organization was nominated by Connie Douthat, Airman & Family Readiness Program Manager, for the support they provide to local soldiers and airmen through their Military Families Program. In 2012, Associated Churches gifted military families with over 100 holiday meals, provided help in over 30 hardship cases, assisted chaplains in assembling the 122nd Fighter Wing base religious council, recruited auxiliary local pastors when unit chaplains need backup, and arranged for a bus to "deploy" 122ndFighter Wing youth to the Fort Wayne Children's Zoo.

Col. David L. Augustine, commander of the Air National Guard base in Fort Wayne, congratulated the organization saying, "How blessed we are to be in a patriotic community with such a wonderful support mechanism, under the leadership of Rev. Roger Reece, called the Associated Churches. I was excited to hear Rev. Reece and team won the award for Community Support. It is a testament to the powerful presence they've created in supporting military members in need in our community."

Reece, a former Army chaplain, has been repeatedly impressed by the community of Allen County in his first four years as Executive Pastor of Associated Churches as the organization has expanded their ministry through the Military Families Program. "For well over a decade Associated Churches has expressed care and concern for our military service members; but in recent years, when we have made calls to gather resources for the families, the doors have opened to us. Churches and businesses understand the sacrifices these men and women make for not only for their families but, for all of us. We are humbled to be able to receive this award on behalf of our community," said Reece.

Major support for this program has come from WOWO News/Talk 1190 AM through their Penny Pitch Fundraiser in 2011. Also in 2012 the first Mulligans for the Military Golf Outing was held by Associated Churches. Also, Briljent, ITT Exelis, and Jim Bushey, a Board Member of Associated Churches, have all been instrumental in funding this program.

As hundreds of area soldiers prepare to be deployed soon, the Military Families program expects to see an increase in requests for help. Associated Churches only works in direct collaboration with chaplains, family assistance specialists, case managers, employment coordinators, and vocational rehabilitation managers.

Charlie Hatten, co-chair of the Military Families program and Air Force veteran, looks to the future and sees opportunities for others to join in the effort, "We have a lot of potential for helping soldiers in the weeks and months ahead as many deploy and others return from active duty, not to mention the every day difficulties of making ends meet. We welcome those interested in joining in our efforts." To offer assistance, call Steve Staley, Director of Development at Associated Churches at 260-422-3528 or by email at Steve @AssociatedChurches.org.

For more information regarding Associated Churches of Fort Wayne and Allen County and the Military Families Program visit www.AssociatedChurches.org.

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