Porter Stansberry: Bumpy Road Ahead; Go for International Blue Chips and Gold, Short Low-Quality Stocks

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Porter Stansberry: I'm fascinated by the way the crisis is unfolding. The U.S. government is still willing to add enormous amounts of new debt. And it is willing to underwrite not only quantitative easing in the U.S. but also fund it in Europe as well. These are symptoms of a much bigger ongoing problem-the enormous sovereign debt crisis in the Western democracies.
I think we're going to see a lot more quantitative easing. We're going to have to see a lot more fiscal deficit growth going forward, especially with a union between the Republican House that wants to cut taxes and the Obama administration that wants to extend benefits. "You let us cut taxes and we'll agree to extend benefits." Of course, that's the worst of both worlds in terms of our fiscal position because it will result in vastly bigger spending and less tax revenue. There's no other government that will even attempt adding vast new debts at this stage in the game. Americans still have no idea of the risks our government is taking with our currency.
. Click Here for more info.

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Missouri Proposes to RaiseTax on Tattoo Artists and Body Piercers $30 to $100 Increase

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Missouri has proposed increasing tattoo shop licensing fees from $30 to $100. The increase in fees for artists and body piercers would generate more revenue for the state, about $120,000 over the two year licensing period.

Surprising to some, some artists think fees should go up because it will help get the people who do tattoos illegally out of the market.

A state agency that looks at professional licensing said the state needs the increase in order to make sure businesses give tattoos and piercings in the correct way. The number of body piercing and tattoo businesses in Missouri has increased by 33 percent since 2005. 
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One Person Still Missing, Hundreds Evacuated After Wayne Michigan Explosion Oakland County

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According to The Associated Press, Wayne, Mich., City Manager John Sechs says workers have pulled a man's body from the wreckage of a furniture store in the town. He was identified as James Zell, 64, of Westland, Mich. One other person is still missing.
As rescuers in Wayne, Mich., continue to search for two people believed trapped in the rubble, authorities have widened the evacuation zone around a furniture store that was leveled earlier today by what's believed to have been a natural gas explosion.

The Detroit Free Press reports that at least "100 homes and 250 to 300 people have been evacuated, assistant to city manager Carrie Shelton said."

The Detroit News writes that:

"Gas officials are evacuating City Hall and additional homes after detecting a second gas leak in the neighborhood where an explosion this morning left a store owner seriously injured and two others possibly buried in rubble."

The News adds that:

"The [William C. Franks] store, which had been a mainstay business in this community since 1963, has been reduced to rubble. Broken wood frames, cinder blocks and remnants of dry wall were scattered near the building that now looks like a house of cards that has partially fallen down. The roof has totally collapsed. The windows of buildings next door were blown out.
"The explosion, which shook area homes and frightened residents, could be felt as far as five miles away, witnesses said."

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Mexico Missouri Based Sydenstricker Implement buys L&S Equipment - Hermann John Deere Business

 
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L&S is holding a large used machinery auction on Thursday, Dec. 30, starting at 9 a.m.

The John Deere dealership in Hermann will be changing names Monday, Jan. 3, 2011.    L & S Equipment, Inc. of Hermann will become the 10th location of Sydenstricker Implement Co., based in Mexico, Mo.    Steve and Donna Bockting sold their dealership to the Sydenstricker firm after operating the business for nearly 24 1/2 years. The Bocktings started their L&S Equipment business as a John Deere dealership in August 1986. It is located on Highway 100, 4 miles west of Hermann.       

Steve Bockting and the rest of the employees will remain at the John Deere dealership in Hermann. Bockting will work in the sales department.   
. Click Here for more info.

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Fourth suspect in Bass Pro Shop Christmas Eve shooting is in police custody St. Charles Missouri

Cory Brooks, Deveon Shockley and Tory Brooks were charged with second-degree murder in the Dec. 24, 2010, shooting of Brandon Joyce on the parking lot of the Bass Pro Shop in St. Charles.

Jevone L. Little

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 A fourth suspect, who police said fired the fatal shot, has been taken into custody in the drug deal turned robbery in St. Charles on Christmas Eve.
The man, Jevone L. Little, 20, of the 6000 block of Jefferson Street in St. Louis, was arrested in Jennings about 2 p.m.
He is charged with second-degree murder, first-degree robbery and two counts of armed criminal action. Bail is set at $1 million cash.
According to court records, Little and Cory Brooks met the victim, Brandon Joyce, on Main Street in St. Charles at 1:30 a.m. on Christmas Eve. Joyce made arrangements with Little to buy drugs, and Little told Cory and Tory Brooks and Deveon Shockley that he was going to rob Joyce.
Little and Cory Brooks got into Joyce's vehicle, and Joyce picked up a friend. They drove to a nearby ATM where Joyce made a withdrawal. Joyce then parked on the lot of the Bass Pro Shop and a struggle ensue between Joyce and Little inside the vehicle.
"Little removed a large caliber revolver that he had concealed inside of his clothing," court documents say. "Little pointed the revolver at the victim and shot him one time in the head. Little took the U.S. currency in the victim's possession and fled the scene along with the other co-defendants."
According to the records, Little has been identified by a witness as the shooter. Forensic evidence places Little in the victim's vehicle.
The records also describe Little as "a documented gang member." Little has a history of arrest for burglary, possession of a controlled substance, unlawful use of a weapon and resisting arrest.
. Click Here for more info.

Brandon Joyce

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10,000 Pages Views Last 30 Days - New Milestone For Hermann MO News - Thank You!!!

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 View 5 days ago, looking into the woods, from Poor Richards deck at home.
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Poor Richard 2011 started Hermann MO News just 78 short days ago, October 14, 2010.

Today, December 29th, marks the first time HMN has hit 10,000 Page Views in a 30 day time frame!!!

I never envisioned this kind of attention in such a short time, it is GREATLY APPRECIATED!!!

To all our Visitors, the world over, Hermann MO News & Poor Richard wish to THANK YOU for your support and hope each and every Reader has a Prosperous and HAPPY NEW YEAR!!!


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Red Green Handyman Corner; New Years Noise Maker
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Hermann Electric Department Helps Out Owensville Missouri with Pole Replacement Power Outage

 
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Jeff Limberg of the Owensville electric department lowers the damaged pole as Brian Scott of Hermann and Jesse Price and Dave Micke of the Owensville department replace fixtures and lines on the new pole. 
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Owensville Power and Light Department linemen, along with three linemen from the city of Hermann's electric department, replaced a utility pole Wednesday which was damaged Tuesday night by a tractor-trailer driver attempting to turn right onto North Cedar off East Apple.

Power was out for approximately 30 minutes to much of the city's north side following the incident reported at 9:45 p.m. on Dec. 28. Linemen shut off power to the circuit for safety concerns as the broken pole was secured with a boom-arm truck. The No. 4 primary line services the area east of Oak Street and the area north along Springfield Road.

. Click Here for more info.

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Pension "Armageddon" Pension stories seem to be going viral lately, not any story in particular, just the sheer number of them

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Pittsburgh,  Pennsylvania whose pension problem was called a “financial Armageddon” by two city councilors yesterday, joins cities such as San Diego and states such as Illinois and New Jersey that may cut services or raise taxes to meet ballooning retirement costs. Those states and 18 others skipped payments or underfunded their retirement systems from 2007 to 2009, according to an October 2010 report from Loop Capital Markets in Chicago.
 
Raising taxes is not the answer. It would encourage both white flight and business flight. Higher property taxes would cause more bankruptcies from people already on the edge, barely able to get by right now. Higher taxes certainly would do nothing to attract business.

Gary, Indiana twice received special permission from the state to raise taxes to meet funding requirement. The result is taxes are higher and Gary is still broke. Instead, Indiana, one of 26 states that do not allow municipal bankruptcies, is about to. For details please see Indiana Bill Would Allow Cities to Declare Bankruptcy; Gary, Lake Station, Georgetown Likely Candidates; Hands Tied in Rhode Island
. Click Here for more info.

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Poll: Baby Boomers Fear Outliving Medicare Benefits

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The first baby boomers will be old enough to qualify for Medicare Jan. 1, and many fear the program's obituary will be written before their own.

A new Associated Press-GfK poll finds that baby boomers believe by a ratio of 2-to-1 they won't be able to rely on the giant health insurance plan throughout their retirement.
The boomers took a running dive into adolescence and went on to redefine work and family, but getting old is making them nervous.
Now, forty-three percent say they don't expect to be able to depend on Medicare forever, while only 20 percent think their Medicare is secure. The rest have mixed feelings.

Here's the math: when the last of the boomers reaches age 65 in about two decades, Medicare will be covering more than 80 million people. At the same time, the ratio of workers paying taxes to support the program will have plunged from 3.5 for each person receiving benefits currently, to 2.3.

The government can't balance its books without dealing with health care costs, and Medicare is in the middle. Some leading Republicans and a few Democrats have called for phasing out the program and instead giving each retiree a fixed payment _ or voucher _to help them buy private medical insurance of their choice. The poll found doubts about the idea, and a generational debate.

Overall, a narrow majority (51 percent) of Americans opposed the voucher plan. But those born after 1980 favored it by 47 percent to 41 percent, while seniors opposed it 4-to-1. A majority of boomers were also opposed, with 43 percent strongly objecting.
 . Click Here for more info.

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MoDot of Missouri - State Rail Plan Needs Public Input New Survey - Gasconade and Franklin County Residents encouraged to participate

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MoDOT News Release  

For more information, 
contact Railroad Administrator Rod Massman, (573) 751-7476.
December 29, 2010

JEFFERSON CITY - If you were charged with guiding Missouri's rail future, how would you spend your resources and what would you make a priority?  A new online survey is giving citizens the chance to offer suggestions. 
The survey, found on the Missouri Department of Transportation website at http://www.modot.org/ , is seeking information about rail services, challenges, opportunities, costs and benefits from the public's point of view. 
"We're launching efforts to develop a state rail plan for Missouri," said MoDOT Director Kevin Keith, "and we need your help to plan properly for the future.   
"It's always a challenge to pay for all the transportation services and improvements Missourians tell us they want," Keith added, "so how the state invests our rail transportation dollars says a lot about our priorities and has a major impact on the state's economy." 
The survey results, along with other information collected through public involvement activities, will be used to help MoDOT create a comprehensive rail plan that will primarily focus on three general areas:  freight rail development, passenger rail and highway/rail crossing safety.

Gasconade and Franklin County Residents are encouraged to participate in the survey! 

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Missouri Loses Heartbreaker to Iowa in Insight Bowl 27-24

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Temple, AZ (Sports Network) - Iowa had waited for a big defensive play all season during heartbreaking last-second losses. It finally got it in the Insight Bowl.

Micah Hyde picked off Blaine Gabbert near the sideline, reversed field and followed a convoy 72 yards for the game-winning touchdown late in the fourth quarter, as Iowa rallied past 14th-ranked Missouri, 27-24.

Iowa (8-5) had been tortured all season by a defense that faded in crunch time. The Hawkeyes lost three straight coming into the bowl game, all by four points or less. The defense had given up a game-winning touchdown in each of its five losses, and also had the bowl distraction of player suspensions, as leading receiver Derrel Johnson-Koulianos and leading rusher Adam Robinson both sat out.

Big players stepped up in their place. True freshman Marcus Coker ran for an Iowa bowl record 219 yards and two touchdowns and Marvin McNutt compiled 63 yards receiving for the Hawkeyes.

Gabbert threw for 434 yards with one touchdown and two interceptions with 152 of those yards going on 15 completions to T.J. Moe. Jerrel Jackson caught nine passes for 129 yards for Missouri (10-3), which failed in its quest to win four straight games to end a season for the first time since 1965.
. Click Here for more info.

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Congress to Demand Answers from Big Sis TSA in Airport Security Flaws

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Congress to demand answers from TSA in airport security flaws

It looks like he may have succeeded at his mission.
Exactly one month after Chris Liu posted videos to YouTube showing what he calls "critical security flaws," the new chairman of a House subcommittee said he will call Transporation Security Administration (TSA) leaders to Capitol Hill for an explanation.
The videos, captured by Liu's cell phone camera, show ground crews entering and exiting secure areas while never going through a screening process.
Liu posted the videos hoping Congressional leaders would address "gaping holes in airport security."
"We're spending of millions of dollars on technology, but we're not doing the basics," said Congressman Jason Chaffetz, R-Utah, who will chair the subcommitee on National Security, Homeland Defense and Foreign Operations. "We've got to be doing the basics to secure the airlines."
That subcommittee, part of the Republican Committee of Oversight and Government Reform, also controls oversight of the Transportation & Safety Administration.
"The TSA has a lot of things they're going to have to answer for, it's just totally unexcusable," said Chaffetz. "You watch this video and you see how insecure that airport facility is. We're going to call those TSA folks up and have them come up to Capitol Hill and answer for it."
Chaffetz is not alone in his call to action.
Outgoing Congressman Peter Hoekstra, R-Michigan, is the Ranking Member of the House Intelligence Committee and had a similar reaction soon after the videos went viral.
In California, Congressman Dan Lungren, R-Sacramento, said other committees will look into the matter as well.
. Click Here for more info.
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DARK SIDE OF BIG SIS: AGENTS SEARCH HOME OF PILOT CRITICAL OF TSA

SMOKE & MIRRORS

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. Click Here for more info.

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Historic Missouri Church in Fulton to Ring Bells in Unison with London Church on December 29 2010 to Mark Blitz Bombing of 70 years ago

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FULTON (AP) - Seventy years after it was hit by German bombers, a historic English church that was rebuilt in mid-Missouri will ring its bells in unison with those of St. Paul's Cathedral in London. The 1676 Church of St. Mary the Virgin, Aldermanbury, was designed by the English architect Christopher Wren. It was heavily damaged on Dec. 29, 1940, when Germany bombed London in its largest air raid of World War II. St. Mary's was later moved to Fulton, where Winston Churchill delivered his "Iron Curtain" speech at Westminster College in 1946. On Dec. 29, the bells of St. Mary's will ring out at 12:15 p.m. while the bells of St. Paul's Cathedral are rung at the same moment.

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The Church of St. Mary the Virgin, Aldermanbury
Location on the campus of Westminster College, Fulton, Missouri, USA


Twice destroyed by fire, the Church of St. Mary the Virgin, Aldermanbury, is part of the Winston Churchill Memorial. The Church, which dates from the 12th century, was redesigned by Sir Christopher Wren in 1677, after the Great Fire of London. Nearly three centuries later a German incendiary bomb left it in ruin. Slated for demolition, Wren's graceful masterpiece was saved by a bold idea. The structure would be rebuilt on the campus of Westminster College as a permanent reminder of Churchill's visit to the college and his prophetic speech. Stone by stone, architects and craftsmen dismantled the Church and painstakingly reconstructed it again at its present site. Today visitors from around the world may enter Wren's beautiful, light-filled sanctuary.


Hours: 10:00 a.m.– 4:30 p.m. daily, except for Thanksgiving, Christmas and New Year's Days
Address: 501 Westminster Ave.
Phone: 573-592-5369
. Click Here for more info.

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Westminster College (Missouri)
From Wikipedia, the free encyclopedia

Westminster College is a private, selective, liberal arts institution in Fulton, Missouri, USA. It was founded by Presbyterians in 1849 as Fulton College and assumed the present name in 1851. The National Churchill Museum and Library are located on the campus. The National Churchill Museum (formally known as the Churchill Memorial) is a national historic site and includes the Church of St Mary the Virgin, Aldermanbury. The church, designed by Sir Christopher Wren in 1667, was rebuilt on the campus to commemorate Sir Winston Churchill, who made his famous "Iron Curtain" speech at Westminster College in 1946. As a bookend to history, Mikhail Gorbachev gave a speech in 1992, declaring the end of the Cold War.


On November 9, 1990, the one year anniversary of the fall of the Berlin Wall, former President Ronald Reagan delivered a speech dedicating a major section of the Berlin Wall, which now stands as a permanent monument on the College Quad, as a backdrop. The monument, named "Breakthrough" as designed by Winston Churchill's granddaughter, Edwina Sandys. See photo at top of page for a visual of the Church, Library, and Berlin Wall monument.

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Winston Churchill's "Sinews of Peace" address of 5 March 1946, at Westminster College in Fulton, Missouri, used the term "iron curtain" in the context of Soviet-dominated Eastern Europe:
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Gasconade County Courthouse Society Meeting - 12/27/2010 Hermann Missouri

This plan, presented by the Gasconade County Courthouse Society in 2008, features a new three-story annex building adjacent to the existing courthouse. The total cost of just under $8 million includes total renovation of the historic courthouse, a wrap-around driveway, expanded parking, elevators and full ADA compliance. 
http://www.gccourthouse.com/plan.htm

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Gasconade County Courthouse Society Meeting - 12/27/2010
Published by Dick Schaefer HERMANN HEARSAY: 
http://hermannhearsay.blogspot.com/2010/12/gasconade-county-courthouse-society.html

Last night, Monday, 12/27, the Board of Directors of the Gasconade County Courthouse Society (GCCS) met at 7 p.m. in the Gasconade County Courthouse at the request of GCCS President Dale Ridder.  The purpose of the board meeting was to discuss and consider the conveyance of property adjoining the Courthouse property and valued at approximately $700,000 to Gasconade County.  The property was purchased by and deeded to the GCCS by Joe and Judy Roethli. 
. Click Here to READ MORE

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7 Hermann High School Girls Basketball Players on LEADERS BOARD Missouri Four Rivers Conference

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Four Rivers Conference Leaders
SCORING LEADERS (Min. Games Played)

NAME	School	Pts	Avg
Shelby Winkelmann	Hermann	250	31.3
Anna Vogt	Pacific	146	20.9
Carissa Richardson	Sullivan	107	17.8
Kati Davis	Owensville	89	17.8
Lauren Hendrickson	Owensville	55	13.8
Linda Watson	Pacific	118	13.1
Kayla Oetterer	New Haven	104	13.0
Bry Pierce	St. Clair	95	11.9
Rachel Steinhoff	New Haven	92	11.5
Ashley Brooks	Hermann	68	9.7
Laura Rethemeyer	Hermann	77	9.6
Rachael Bassett	Union	28	9.3
Elise McDonald	New Haven	73	9.1
Kelsey Anderson	St. Clair	72	9.0
Sierra Pryor	Sullivan	53	8.8

3 POINT LEADERS (Min. 3-PT Made)

NAME	School	3FG	Avg
Jett Bouckaert	Sullivan	15	2.50
Sarah Baker	St. Clair	15	1.88
Ashley Brooks	Hermann	11	1.57
Linda Watson	Pacific	12	1.33
Jessica Heinle	Sullivan	7	1.17
Taylor Willimann	New Haven	7	1.00
Shelby Winkelmann	Hermann	7	0.88
Aley Lucas	Sullivan	4	0.67
Brittany Sellers	St. Clair	5	0.63
Kati Miller	Owensville	3	0.60
Lauren Hendrickson	Owensville	2	0.50
Hannah Roach	Owensville	2	0.50
Kelsey Anderson	St. Clair	4	0.50
Sierra Pryor	Sullivan	3	0.50
Erin Neier	Union	1	0.50
Mikayla Fries	Owensville	2	0.40
Bria Bartolotta	Sullivan	2	0.40
Rachel Steinhoff	New Haven	3	0.38
Sierra Fuchs	Sullivan	1	0.33
Kris Stevens	Union	1	0.33

FREE THROW LEADERS (Min. FTA)

NAME	School	FTM	FTA	PCT
Corby Hackmann	Hermann	4	4	100.0
Kim Conner	New Haven	2	2	100.0
Brandy Senecal	New Haven	2	2	100.0
Frida Engstrom	Owensville	1	1	100.0
Sarah Lunn	Pacific	4	4	100.0
Kimberly Myers	Pacific	4	4	100.0
Alyssa Coons	Union	5	5	100.0
Hannah Roach	Owensville	8	9	88.9
Laura Rethemeyer	Hermann	23	27	85.2
Elise McDonald	New Haven	5	6	83.3
Mikayla Fries	Owensville	10	12	83.3
Elizabeth Almo	Pacific	18	23	78.3
Carissa Richardson	Sullivan	14	18	77.8
Mikaela Ruga	Hermann	3	4	75.0
Sarah Baker	St. Clair	3	4	75.0
Erin Neier	Union	3	4	75.0
Rachel Steinhoff	New Haven	25	35	71.4
Lauren Hendrickson	Owensville	5	7	71.4
Hallie Davis	Sullivan	5	7	71.4
Shelby Winkelmann	Hermann	37	53	69.8

ASSIST LEADERS (Min. Games Played)

NAME	School	Ast	Avg
Hannah Roach	Owensville	34	8.50
Shelby Winkelmann	Hermann	36	4.50
Ashley Brooks	Hermann	30	4.29
Mikayla Fries	Owensville	17	3.40
Julie Scheer	New Haven	26	3.25
Jessica Damico	Pacific	26	2.89
Jessica Heinle	Sullivan	17	2.83
Sierra Pryor	Sullivan	17	2.83
Rachel Steinhoff	New Haven	21	2.63
Linda Watson	Pacific	23	2.56
Aley Lucas	Sullivan	15	2.50
Carissa Richardson	Sullivan	14	2.33
Taylor Willimann	New Haven	15	2.14
Elise McDonald	New Haven	16	2.00
Samantha Hafner	Owensville	2	2.00
Kati Miller	Owensville	10	2.00
Mandy Robertson	Owensville	2	2.00
Anna Vogt	Pacific	14	2.00
Jett Bouckaert	Sullivan	12	2.00
Kelsey Anderson	St. Clair	13	1.63

STEAL LEADERS (Min. Games Played)

NAME	School	Stl	Avg
Kati Davis	Owensville	18	3.60
Shelby Winkelmann	Hermann	25	3.13
Linda Watson	Pacific	28	3.11
Hannah Roach	Owensville	12	3.00
Ashley Brooks	Hermann	20	2.86
Sierra Pryor	Sullivan	15	2.50
Kelsey Anderson	St. Clair	19	2.38
Carissa Richardson	Sullivan	14	2.33
Kayla Oetterer	New Haven	16	2.00
Taylor Willimann	New Haven	14	2.00
Mandy Robertson	Owensville	2	2.00
Taylor Lucas	Sullivan	12	2.00
Brittany Sellers	St. Clair	14	1.75
Anna Vogt	Pacific	12	1.71
Julie Scheer	New Haven	13	1.63
Sarah Baker	St. Clair	13	1.63
Mikayla Fries	Owensville	8	1.60
Jessica Damico	Pacific	14	1.56
Elizabeth Almo	Pacific	13	1.44
Kati Miller	Owensville	7	1.40

REBOUND LEADERS (Min. Games Played)

NAME	School	Rbs	Avg
Kati Davis	Owensville	83	16.6
Anna Vogt	Pacific	100	14.3
Shelby Winkelmann	Hermann	75	9.4
Carissa Richardson	Sullivan	52	8.7
Kayla Oetterer	New Haven	68	8.5
Bry Pierce	St. Clair	67	8.4
Elise McDonald	New Haven	57	7.1
Linda Watson	Pacific	61	6.8
Taylor Lucas	Sullivan	38	6.3
Laura Rethemeyer	Hermann	46	5.8
Kati Miller	Owensville	29	5.8
Corby Hackmann	Hermann	26	5.2
Sierra Pryor	Sullivan	30	5.0
Lauren Hendrickson	Owensville	19	4.8
Frida Engstrom	Owensville	14	4.7
Jamie Gleeson	Hermann	37	4.6
Karissa Hoffman	St. Clair	35	4.4
Julie Scheer	New Haven	31	3.9
Mikayla Fries	Owensville	19	3.8
Elizabeth Almo	Pacific	34	3.8

BLOCKED SHOT LEADERS (Min. Games Played)

NAME	School	Blk	Avg
Kati Davis	Owensville	20	4.00
Anna Vogt	Pacific	18	2.57
Samantha Hafner	Owensville	1	1.00
Kayla Oetterer	New Haven	7	0.88
Carissa Richardson	Sullivan	5	0.83
Hannah Steinbeck	Hermann	6	0.75
Julie Scheer	New Haven	4	0.50
Kayla Klenke	St. Clair	4	0.50
Bry Pierce	St. Clair	4	0.50
Kati Miller	Owensville	2	0.40
Shelby Winkelmann	Hermann	3	0.38
Frida Engstrom	Owensville	1	0.33
Kya Hill	Pacific	1	0.33
Linda Watson	Pacific	3	0.33
Elise McDonald	New Haven	2	0.25
Karissa Hoffman	St. Clair	2	0.25
Miranda Epstein	Owensville	1	0.20
Mikayla Fries	Owensville	1	0.20
Abigail Spuhl	Pacific	1	0.17
Jessica Heinle	Sullivan	1	0.17

All information is as reported by the teams as of 12/28/2010.
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