Tuesday, December 28, 2010

GOOD, BAD AND UGLY ABOUT THE HOME PRICE INDICES ...

S&P/Case-Shiller Home Price Indices

The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. The indices are calculated monthly and published with a two month lag. New index levels are released at 9am Eastern Standard Time on the last Tuesday of every month.

GET THE LATEST CASE-SHILLER INDEX ... 

“The double-dip is almost here, as six cities set new lows for the period since the 2006 peaks. There is no
good news in October’s report. Home prices across the country continue to fall.”
says David M. Blitzer,
Chairman of the Index Committee at Standard & Poor's. "The trends we have seen over the past few
months have not changed."

The tax incentives are over and the national economy remained lackluster in October, the month covered by these data. Existing homes sales and housing starts have been reported for both October and November, and neither is giving any sense of optimism. On a year-over-year basis, sales are down more than 25% and the months’ supply of unsold homes is about 50% above where it was during the same months of last year. Housing starts are still hovering near 30-year lows. While delinquency rates might have seen some recent improvement, it is only on a relative basis. They are still well above their historic averages, in both the prime and sub-prime market.

OH, ABOUT THE GOOD, BAD AND UGLY ... FORGETABOUT THE GOOD ... IT'S STILL BAD AND UGLY.  NOW WHAT IMPACT DOES THIS 'LACKLUSTER' HOUSING MARKET HAVE ON LOCAL TAXES?  LET'S KEEP IT SIMPLE.  IF THE VALUE OF REAL ESTATE CONTINUES TO GO DOWN AND THE TAX REVENUE HAS TO KEEP AT A CERTAIN LEVEL TO ALLOW FOR ADDITIONAL SPENDING AND NEW PROGRAMS ... THEN WHERE DO THE TAX REVENUES COME FROM ... AH, YOU GUESSED IT ... "THE TAX FAIRY" ... 

WHAT'S THIS ALL ABOUT ... CANARY IN A COAL MINE ... OR

So Young and So Many Pills

More than 25% of Kids and Teens in the U.S. Take Prescriptions on a Regular Basis

By ANNA WILDE MATHEWS

Gage Martindale, who is 8 years old, has been taking a blood-pressure drug since he was a toddler. "I want to be healthy, and I don't want things in my heart to go wrong," he says.






And, of course, his mom is always there to check Gage's blood pressure regularly with a home monitor, and to make sure the second-grader doesn't skip a dose of his once-a-day enalapril.

These days, the medicine cabinet is truly a family affair. More than a quarter of U.S. kids and teens are taking a medication on a chronic basis, according to Medco Health Solutions Inc., the biggest U.S. pharmacy-benefit manager with around 65 million members. Nearly 7% are on two or more such drugs, based on the company's database figures for 2009.

Doctors and parents warn that prescribing medications to children can be problematic. There is limited research available about many drugs' effects in kids. And health-care providers and families need to be vigilant to assess the medicines' impact, both intended and not. Although the effects of some medications, like cholesterol-lowering statins, have been extensively researched in adults, the consequences of using such drugs for the bulk of a patient's lifespan are little understood.
Many medications kids take on a regular basis are well known, including treatments for asthma and attention-deficit hyperactivity disorder.
But children and teens are also taking a wide variety of other medications once considered only to be for adults, from statins to diabetes pills and sleep drugs, according to figures provided to The Wall Street Journal by IMS Health, a research firm. Prescriptions for antihypertensives in people age 19 and younger could hit 5.5 million this year if the trend though September continues, according to IMS. That would be up 17% from 2007, the earliest year available.
Researchers attribute the wide usage in part to doctors and parents becoming more aware of drugs as an option for kids. Unhealthy diets and lack of exercise among children, which lead to too much weight gain and obesity, also fuel the use of some treatments, such as those for hypertension. And some conditions are likely caught and treated earlier as screening and diagnosis efforts improve.
Gage, who isn't overweight, has been on hypertension drugs since he had surgery to fix a heart defect as a toddler, says his mother, Stefanie Martindale, a Conway, Ark., marketing-company manager.
Most medications that could be prescribed to children on a chronic basis haven't been tested specifically in kids, says Danny Benjamin, a Duke University pediatrics professor. And older drugs rarely get examined, since pharmaceutical firms have little incentive to test medicines once they are no longer under patent protection.
Still, a growing number of studies have been done under a Food and Drug Administration program that rewards drug companies for testing medications in children. In more than a third of these studies, there have been surprising side effects, or results that suggested a smaller or larger dose was needed than had been expected, Dr. Benjamin says. Those findings underscore that children's reactions to medicines can be very different than those of adults. Long-term effects of drugs in kids are almost never known, since pediatric studies, like those in adults, tend to be relatively short.
"We know we're making errors in dosing and safety," says Dr. Benjamin, who is leading a new National Institutes of Health initiative to study drugs in children. He suggests that parents should do as much research as they can to understand the evidence for the medicine, confirm the diagnosis, and identify side effects. Among the places to check: drug labels and other resources on the FDA's website, published research at www.pubmed.gov, and clinical guidelines from groups like the American Academy of Pediatrics.
When a child psychiatrist diagnosed their then 8-year-old daughter with bipolar disorder four years ago, Ken and Joy Lewis, of Chapel Hill, N.C., sought a second opinion from another child psychiatrist.
They also worked with a psychologist. Dr. Lewis, who leads a company that does early-stage drug studies, reads all the available research on each medication suggested for the girl, now 12, who has taken antipsychotics and other psychiatric medications including Risperdal and Haldol.
"If your child has a chronic problem, then you have to invest the time as a parent," he says.
Parents and doctors also say nondrug alternatives should be explored where possible. Tom Wells, a professor of pediatrics at the University of Arkansas for Medical Sciences who sees patients at Arkansas Children's Hospital in Little Rock, frequently pushes diet and exercise changes before drugs for hypertensive kids. "Obesity is really the biggest cause I see for high blood pressure in adolescents," he says. But only about 10% of families adhere to his diet and exercise recommendations, he says.
Beverly Pizzano, a psychologist who lives in Palm Harbor, Fla., spent years struggling with behavioral therapies for her son Steven, 10, who showed symptoms of ADHD at a young age. She worked with a counselor on a system of rewards for good behavior, and even had a research team watch him and suggest interventions. But she turned to medications after he struggled in kindergarten. "We tried everything before I would get to that," she says.
After a drug is prescribed, children must be closely monitored, doctors say. They may not recognize or communicate a possible side effect, or whether their symptoms are improving. They also don't always follow prescription instructions.
Robert Lemanske, a professor at the University of Wisconsin in Madison, says patients at his pediatric asthma clinic are checked regularly for side effects such as slowed rates of growth. He quizzes parents and young patients on details like where they keep their inhalers to make sure they're taking their prescribed medicine.
Nichole Ramsey, a preschool teacher whose 9-year-old son Antwone is a patient at the clinic, watches her son's basketball practices so she can head off any wheezing or other symptoms. She also makes sure she's around when he gets his regular Advair dose. If Antwone stays at a friend's house overnight, she asks the parents to watch that he takes steps like rinsing out his mouth to avoid a fungal infection that can be a side effect of the inhaled drug.
"You're still the best monitor of what's going on with them," she says of a parent's role.
Ms. Ramsey is particularly concerned about Advair, which has been tied to rare instances of asthma-related death, but says it works better than a previous drug he was using. Before he started the medications, Antwone was hospitalized several times for asthma attacks.
As children's bodies change and grow, they often need different drugs or doses, says Greg Kearns, chairman of medical research at Children's Mercy Hospital in Kansas City, Mo.
Jennifer Flory, a homemaker in Baldwin City, Kan., says that after her daughter Cassandra, now 16, started taking a higher dose of the asthma drug Singulair a few years ago, she became more moody and sad. Ms. Flory didn't connect the change to the drug, but when she eventually mentioned it to a nurse practitioner at the girl's asthma clinic, the nurse suggested stopping Singulair, which currently has a precaution in its label about possible psychiatric side effects. Cassandra, who continued taking Advair, became far more cheerful and didn't have any increase in asthma symptoms, Ms. Flory says.
A spokesman for Merck & Co., which makes Singulair, said in a statement that the company is "confident in the efficacy and safety of Singulair," which is "an important treatment option for appropriate patients."
Write to Anna Wilde Mathews at anna.mathews@wsj.com

Monday, December 27, 2010

HOW DO YOU GET TO CARNEGIE HALL ... JOIN A UNION

The power of unions: Average stagehand at Lincoln Center in NYC makes $290K a year

By: Mark Hemingway 12/27/10 11:16 AM
Columnist James Ahearn of New Jersey's Bergen Record has a great column today on, of all things, the stagehands at New York city's top performing arts venues such as Lincoln Center and Carnegie Hall. These are not highly skilled or technical jobs but take a gander at how much they are paid:
At Avery Fisher Hall and Alice Tully Hall in Lincoln Center, the average stagehand salary and benefits package is $290,000 a year.

To repeat, that is the average compensation of all the workers who move musicians' chairs into place and hang lights, not the pay of the top five.

Across the plaza at the Metropolitan Opera, a spokesman said stagehands rarely broke into the top-five category. But a couple of years ago, one did. The props master, James Blumenfeld, got $334,000 at that time, including some vacation back pay.
Ahern also notes that the top paid stagehand at Carnegie Hall makes $422,599 a year in salary, plus $107,445 in benefits and deferred compensation. So why such exorbitant pay? You probably already guessed that a union is involved:
How to account for all this munificence? The power of a union, Local 1 of the International Alliance of Theatrical Stage Employees. "Power," as in the capacity and willingness to close most Broadway theaters for 19 days two years ago when agreement on a new contract could not be reached.

Wakin reported that this power was palpable in the nervousness of theater administrators and performers who were asked to comment on the salary figures.

Kelly Hall-Tompkins, for one, said, "The last thing I want to do is upset the people at Carnegie Hall. I'd like to have a lifelong relationship with them." She is a violinist who recently presented a recital in Weill Hall, one of the smaller performance spaces in the building.

She said she begrudged the stagehands nothing: "Musicians should be so lucky to have a strong union like that." Uh-huh.
Be sure and read Ahearn's whole column. And next time someone tells you unions are just about fair wages for an honest day's labor, remember that's not always the case. All too often they're about power and greed. This is also true for public sector unions -- see the cover story in today's Examiner on the pay of local officials in the DC area, "Salaries of local government brass top Biden's, Cabinet secretaries."

Read more at the Washington Examiner: 

Sunday, December 26, 2010

A DREAM, A NIGHTMARE, AND REALITY

New Fairfield may welcome lakeside dining

Erik Ofgang, Contributing Writer, Published: 05:32 p.m., Saturday, December 25, 2010
Lakeside dining on Candlewood Lake might become a reality next summer in New Fairfield.
Town officials are hoping to better utilize the town's lake front property by renovating what is currently the beach house at the Candlewood Lake Town park on route 39 into a full scale concession area or restaurant that will provide lakeside dining to town residents and nonresidents alike.
"The main beach house is essentially going to be gutted inside to allow for some seating, modern bathrooms, changing rooms and a full commercial kitchen," said New Fairfield First Selectman John Hodge. He added, "in addition to that, the plan is to build an outdoor deck going north of that building for approximately another 75 to 100 feet."
The deck will be covered and when completed the newly renovated lake house will seat approximately 100 people, it will also boast improved views. Though, the town beach will continue to serve only those who have purchased lake passes, the restaurant will be open to anyone whether they have a beach pass or not.
"I think where our beach is located is pretty much the most scenic portion of Candlewood Lake," Hodge said. "The idea is we would like to have a place for the people in town to go to and sit there and enjoy that absolutely fabulous view of the lake. I'm really excited about this, (because) one there seems to be tremendous interest in this in town (and) two there is no other venue for people to eat on the west side of the lake." All they have to do is push Candlewood Isle out of the way to see most of the lake, but it’s a great view of the Windmill!
The town will not be operating the restaurant, instead the plan is to sign a long term lease, (a minimum of ten years), with a restaurant owner who will pay for the renovations to the beach house in exchange for an initial rent reduction.
The Parks & Recreation Commission will be sending out a Request for Proposal at the end of December or beginning of January to potential operators. Among the town's stipulations is that the renovations be completed by next Memorial Day when the season at the town park begins.
There will be no temporary docking available for boats as there are at Down the Hatch in Brookfield and there will limited alcoholic beverages allowed. "We're not going to allow a full service bar," Hodge said. "(We're going) to limit alcoholic beverages to beer and wine only and they would have to be served well people are seated. Our beach is an extremely family oriented beach so we don't want to change the make-up of any of that."
Currently, the beach house serves as the life guard shack and has bathrooms and changing rooms. The structure has not been renovated for decades. There is a separate much smaller structure that has served as a concession shack in previous years. Once the beach house is renovated the concession shack will be converted to the new life guard shack.
The whole project started because the beach house was in need of renovation and this idea was put forward as a "way of upgrading our beach facilities for our residents without it being a burden to our tax payers and at the same time generating more revenue," Hodge said. He added, that it will also allow more people to enjoy the town park's spectacular views. "Our town beach is tremendously expensive to operate yet by and large really under utilized," he said.
Sean Loughran the chairmen of the town's Park & Recreation Commission said he thought the site would be very appealing to restaurant owners. "They have built in traffic they have a beach there, they have a base to start with, plus it's a busy road," he said. He added, the views will be there even when nice weather is not. "Even if the weather's not that great you can sit inside, it's still pretty," he said.
 I KNOW A OF BETTER LOCATION ... COTTONTAIL MARINA AT THE BASE THE ISLE CAUSEWAY ... OH BUT, THE NOISE AND THE COMPLAINTS THAT COME ANNUALLY FROM THE ISLE WOULD BE A PROBLEM ... I WONDER IF THE NOISE AND COMPLAINTS FROM TURTLE BACK BAY AND THE ISLE WILL BE DIFFERENT.  TIME WILL TELL.

Friday, December 24, 2010

NEW FAIRFIELD HAS MANY HEARTS ... MANY THANKS KEVIN AND GUYLLEN HART


New Fairfield residents help displaced pastor's family

OUR COMMUNITY HAS MANY SAFETY NETS AND AS MANY FACELESS VOLUNTEERS WORKING AND VOLUNTEERING THEIR TIME YEAR AROUND IN MANY WAYS TO ENSURE THE NET CATCHES THOSE IN NEED.  MANY THANKS TO KEVIN AND GUYLLEN HART FOR PROVIDING SHELTER FOR THIS UNFORTUNATE FAMILY.  OUR PRAYERS GO OUT TO THEM.

Published: 08:48 p.m., Thursday, December 23, 2010
  • The Dos Santos home on Possum Drive in New Fairfield, which was recently destroyed by a fire, is shown Dec. 22, 2010. Photo: Chris Ware / The News-Times Buy This Photo




NEW FAIRFIELD -- The day before his house burned down, the Rev. Edival Dos Santos, talked to the congregation at his church about giving to others.
Little did he know he would soon be on the receiving end, said Dos Santos, who is an evangelist at Philadelphia Ministry Assembly of God in Danbury.
Dos Santos said the fireplace was lit Thursday night at his home at 10 Possum Drive. Before he and his family went to bed about 11, he made sure the fire was put out.
But about 1 a.m., Dos Santos woke up and smelled smoke.
"It was very dark," he said. "There was no electricity."
Dos Santos, wife Zilma, and sons Samuel, 13, and Daniel, 11, escaped the house unharmed, but they were barely clothed, he said. "It was very cold."
Just as they were getting out of the house, the police and firefighters arrived. Dos Santos credited one of his neighbors for calling the police.
The firefighters tackled the fire, Dos Santos said.
"When they opened the roof, a big flame came out," he said. "The fire was inside the chimney."
Dos Santos said Hodge asked him and his family what they needed.
"Everything we needed was in the house," Dos Santos said.
The only things Dos Santos said he was able to rescue were his bicycle and an Xbox for his sons.
"These folks were completely wiped out," Hodge said.
Hodge started calling around town, and with the help of Selectman Susan Chapman, the Red Cross, local businesses, and residents making donations, he was able to completely furnish a house for the Dos Santos family to live in for three months free of charge.
Melissa Luks Fidanza, a realtor for Luks Realty, said Hodge called her Friday about 11 a.m. Because of her connections and residents' generosity, she was able to show Dos Santos and his family a few local vacant homes. By 2 p.m., they were matched with one.
Fidanza called Kevin and Guyllen Hart, who were vacationing in Florida, but decided to let the Dos Santos family use their home anyway.
"It was basically an instant decision," said Guyllen Hart. "At Christmas-time they lost everything."
"Once they saw the house, they were thrilled with the house itself and physically moved with emotion," Fidanza said.
Dos Santos and his family moved in Saturday.
"Everything we needed was in the (temporary) house -- toothpaste ¦ everything," Dos Santos said. "I could not ask for more."
People even donated a Christmas tree and gifts for the children, he said.
"We'll have a nice Christmas. "God uses people. God took care of us."
Contact Stacy Davis at sdavis@newstimes.com or 203-731-3331.

Read more: http://www.newstimes.com/local/article/New-Fairfield-residents-help-displaced-pastor-s-918485.php#ixzz194MBdtov

Wednesday, December 22, 2010

SO WHERE IS THE FAILURE AND WHO IS TO BLAME ... THE KID, SCHOOL OR PARENTS?

Published December 21, 2010
Associated Press

MIAMI – Nearly one-fourth of the students who try to join the U.S. Army fail its entrance exam, painting a grim picture of an education system that produces graduates who can't answer basic math, science and reading questions, according to a new study released Tuesday.

The report by The Education Trust bolsters a growing worry among military and education leaders that the pool of young people qualified for military service will grow too small.

"Too many of our high school students are not graduating ready to begin college or a career — and many are not eligible to serve in our armed forces," U.S. Education Secretary Arne Duncan told the AP. "I am deeply troubled by the national security burden created by America's underperforming education system."

The effect of the low eligibility rate might not be noticeable now — the Department of Defense says it is meeting its recruitment goals — but that could change as the economy improves, said retired Navy Rear Admiral Jamie Barnett.

"If you can't get the people that you need, there's a potential for a decline in your readiness," said Barnett, who is part of the group Mission: Readiness, a coalition of retired military leaders working to bring awareness to the high ineligibility rates.

The report by The Education Trust found that 23 percent of recent high school graduates don't get the minimum score needed on the enlistment test to join any branch of the military. Questions are often basic, such as: "If 2 plus x equals 4, what is the value of x?"

The military exam results are also worrisome because the test is given to a limited pool of people: Pentagon data shows that 75 percent of those aged 17 to 24 don't even qualify to take the test because they are physically unfit, have a criminal record or didn't graduate high school.

Educators expressed dismay that so many high school graduates are unable to pass a test of basic skills.

"It's surprising and shocking that we are still having students who are walking across the stage who really don't deserve to be and haven't earned that right," said Tim Callahan with the Professional Association of Georgia Educators, a group that represents more than 80,000 educators.

Kenneth Jackson, 19, of Miami, enlisted in the Army after graduating from high school. He said passing the entrance exam is easy for those who paid attention in school, but blamed the education system for why more recruits aren't able to pass the test.

"The classes need to be tougher because people aren't learning enough," Jackson said.

This is the first time that the U.S. Army has released this test data publicly, said Amy Wilkins of The Education Trust, a Washington, D.C.-based children's advocacy group. The study examined the scores of nearly 350,000 high school graduates, ages 17 to 20, who took the ASVAB exam between 2004 and 2009. About half of the applicants went on to join the Army.

Recruits must score at least a 31 out of 99 on the first stage of the three-hour test to get into the Army. The Marines, Air Force, Navy and Coast Guard recruits need higher scores.

Further tests determine what kind of job the recruit can do with questions on mechanical maintenance, accounting, word comprehension, mathematics and science.

The study shows wide disparities in scores among white and minority students, similar to racial gaps on other standardized tests. Nearly 40 percent of black students and 30 percent of Hispanics don't pass, compared with 16 percent of whites. The average score for blacks is 38 and for Hispanics is 44, compared to whites' average score of 55.

Even those passing muster on the Armed Services Vocational Aptitude Battery, or ASVAB, usually aren't getting scores high enough to snag the best jobs.

"A lot of times, schools have failed to step up and challenge these young people, thinking it didn't really matter — they'll straighten up when they get into the military," said Kati Haycock, president of the Education Trust. "The military doesn't think that way."

Entrance exams for the U.S. military date to World War I. The test has changed over time as computers and technology became more prevalent, and skills like ability to translate Morse code have fallen by the wayside.

The test was overhauled in 2004, and the study only covers scores from 2004 through 2009. The Education Trust didn't request examine earlier data to avoid a comparison between two versions of the test, said Christina Theokas, the author of the study. The Army did not immediately respond to requests for further information.

Tom Loveless, an education expert at the Brookings Institution think tank, said the results echo those on other tests. In 2009, 26 percent of seniors performed below the 'basic' reading level on the National Assessment of Education Progress.

Other tests, like the SAT, look at students who are going to college.

"A lot of people make the charge that in this era of accountability and standardized testing, that we've put too much emphasis on basic skills," Loveless said. "This study really refutes that. We have a lot of kids that graduate from high school who have not mastered basic skills."

The study also found disparities across states, with Wyoming having the lowest ineligibility rate, at 13 percent, and Hawaii having the highest, at 38.3 percent.

Retired military leaders say the report's findings are cause for concern.

"The military is a lot more high-tech than in the past," said retired Air Force Lt. Gen. Norman R. Seip. "I don't care if you're a soldier Marine carrying a backpack or someone sitting in a research laboratory, the things we expect out of our military members requires a very, very well educated force."

A Department of Defense report notes the military must recruit about 15 percent of youth, but only one-third are eligible. More high school graduates are going to college than in earlier decades, and about one-fourth are obese, making them medically ineligible.

In 1980, by comparison, just 5 percent of youth were obese.


JUST MAYBE THERE WILL BE A DRAFT IN THE FUTURE ... NO, NO, I'M SORRY ... LET'S MAKE THE ILLEGAL ALIENS DO IT FOR PART OF THEIR CITIZENSHIP REQUIREMENT.