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Thursday, September 09, 2010 |
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Fishburn to lead CarmelFest parade
Indianapolis Police Officer, Jason Fishburn, will be the Grand Marshall for the 2010 St.Vincent Heart Center of Indiana Parade at CarmelFest. The theme for this year’s parade is “Celebrating American Heroes”. According to Parade Chairperson, Peggy Powell, “Officer Fishburn was our first choice as Grand Marshall since he embodies the spirit of a true hero.”
On July 10, 2008, Jason Fishburn suffered a near fatal gunshot wound to the head while leading a police chase to apprehend a homicide suspect. His bravery and miraculous recovery have been an inspiration to the community. For his heroic actions, Fishburn was awarded the Purple Heart and Medal of Honor by the IMPD.
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Jason Fishburn to lead CarmelFest parade
Current in Carmel
Indianapolis Police Officer, Jason Fishburn, will be the Grand Marshall for the 2010 St.Vincent Heart Center of Indiana Parade at CarmelFest. The theme for this year’s parade is “Celebrating American Heroes”. According to Parade Chairperson, Peggy Powell, “Officer Fishburn was our first choice as Grand Marshall since he embodies the spirit of a true hero.”
On July 10, 2008, Jason Fishburn suffered a near fatal gunshot wound to the head while leading a police chase to apprehend a homicide suspect. His bravery and miraculous recovery have been an inspiration to the community. For his heroic actions, Fishburn was awarded the Purple Heart and Medal of Honor by the IMPD.
Added patriotic salutes slated for the Parade include color guards representing the Revolutionary War, the Civil War, and the World War I “Hoosier Doughboys”. Color guard brigades will include men dressed in period uniforms as they carry the flags of their day along the parade route.
The Parade begins at 10:30 am on July 5th. The parade route will start at AAA Way on Carmel Drive, proceed North on Range Line Road, and end at Carmel High School on Main St.
For information visit the CarmelFest web site: www.carmelfest.net |
Helzberg to close next month
The Helzberg Diamonds store in Clay Terrace will close its doors July 5. Other Helzberg stores in the Indianapolis area, however, will remain open.
If arriving after July 5, all outstanding customer orders placed at the Clay Terrace will be delivered to the Castleton store, 6020 East 82nd Street. The closing Helzberg store will not be liquidating its remaining merchandise, as these items will be relocated to other sites within the company. |
Don’t climb a rickety ladder for just a little more return
In addition to equity accounts, we also manage approximately $1.5 billion in high-quality, tax-free and taxable bonds. We continue to follow the “old-fashioned” strategy that has served our fixed income clients well for the last 40 years: a focus on capital preservation, safety, and income.
One of the major issues that makes this period so very unique for fixed income investors is the “zero” level of interest rates. “Almost zero” interest rates in money markets and very low rates in the highest quality tax-free and taxable bonds is very frustrating both for clients and for us. |
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Don’t climb a rickety ladder for just a little more return
COMMENTARY
By David Knall
In addition to equity accounts, we also manage approximately $1.5 billion in high-quality, tax-free and taxable bonds. We continue to follow the “old-fashioned” strategy that has served our fixed income clients well for the last 40 years: a focus on capital preservation, safety, and income.
One of the major issues that makes this period so very unique for fixed income investors is the “zero” level of interest rates. “Almost zero” interest rates in money markets and very low rates in the highest quality tax-free and taxable bonds is very frustrating both for clients and for us. Bill Gross from PIMCO calculated it would take 6,932 years to double your money in a money market fund at 0.06%. The collateral damage of this 0% rate situation is that it invariably leads to a misallocation of resources and wild boom and bust cycles. Zero rates distort investment decisions, causing investors to place funds in vehicles never contemplated when rates were higher (in the good old days). Another consequence of “forcing” the public to stretch for yield (and take more risk) is that these desperate individuals may really feel it when, inevitably, their bonds go down in price from credit downgrades and/or interest rates going up. The Federal Reserve has driven rates to levels where banks can earn a very nice interest margin, therefore “saving” them. There is no question that we need a healthy banking system, thus, the steep yield curve. Unfortunately, the “responsible” individual who has saved their money for a rainy day is earning a horrible rate on those dollars.
Do we now change our stripes and buy lower quality bonds with longer maturities for our clients? Do we stretch for yield? We don’t think so. We view our bond accounts as “dry powder” for tomorrow’s opportunities, which enables us to sleep at night in years like 2008. We are not sure what we will do with this dry powder, but the point is that we will have options. When will rates go higher? When will stock prices give us better opportunity? That is the end of the story.
David Knall is a Senior Vice President/Investments and Managing Director with the Knall Cohen Group at Stifel, Nicolaus & Company, Incorporated, Member SIPC & NYSE, and can be contacted in the Indianapolis office at (800) 382-4353. |
RSVP this week for AlphaGrahics' food drive open house
The Second Annual Fight Against Hunger Campaign sponsored by AlphaGraphics will have an open house June 16 to kickoff the month-long food drive that takes place during July. The open house will take place from 5 to 7 p.m. at 12955 Old Meridian Street, Suite 103.
Last year, over 6000 pounds of food were collected and donated to the Gleaners Food Bank of Indiana, and organizers hope to exceed that number this year. |
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RSVP this week for AlphaGrahics' food drive open house
By Matt Werner
Current in Carmel
The Second Annual Fight Against Hunger Campaign sponsored by AlphaGraphics will have an open house June 16 to kickoff the month-long food drive that takes place during July. The open house will take place from 5 to 7 p.m. at 12955 Old Meridian Street, Suite 103.
Last year, over 6000 pounds of food were collected and donated to the Gleaners Food Bank of Indiana, and organizers hope to exceed that number this year.
“We’re hoping to at least increase that number and hopefully double it,” Michael Kile of AlphaGraphics said. “We’re going to surpass the 70 businesses last year and hopefully have over 100 this year. We’ve been promoting it more than we did last year, and we didn’t have the open house last year.”
All food collected throughout July will be donated to Gleaners Food Bank of Indiana, and any participation is welcomed.
“Our main goal is to help put food on the shelves at Gleaners,” Kile said. “Most people think about donating food at the end of the year around holiday time, but the truth of the matter is the shelves are pretty bare around this time of the year.”
If you plan on attending the Open House, you must RSVP by June 10 by calling AlphaGraphics at 317-844-6629 or emailing Rhonda Kile at rkile@alphagraphics.com. |
State Fair to hold job fair June 3
The Great Indiana State Fair is hoping to fill more than 400 hourly positions during a job fair Thursday, June 3 from 3 to 7 p.m. Most of the jobs are temporary positions that cover the duration of the fair August 6 – 22. |
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Indiana State Fair to hold job fair June 3
The Great Indiana State Fair is hoping to fill more than 400 hourly positions during a job fair Thursday, June 3 from 3 to 7 p.m. Most of the jobs are temporary positions that cover the duration of the fair August 6 – 22.
WHAT: Indiana State Fair Job Fair
WHEN: June 3, 3 – 7 p.m.
WHERE: Farm Bureau Building at the Indiana State Fairgrounds
POSITIONS AVAILABLE: Ticket sellers, ticket takers, gate supervisors, parking attendants, parking supervisors, grounds maintenance, security personnel, receptionists, cashiers and education program interpreters.
Interviews will be conducted on site and resumes are welcomed. Informal dress is fine. For more information, contact the Indiana State Fairgrounds at employment@indianastatefair.com. |
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