Newspaper Archive of
Feather River Bulletin
Quincy, California
April 28, 2010     Feather River Bulletin
PAGE 22     (22 of 44 available)        PREVIOUS     NEXT      Full Size Image
PAGE 22     (22 of 44 available)        PREVIOUS     NEXT      Full Size Image
April 28, 2010

Newspaper Archive of Feather River Bulletin produced by SmallTownPapers, Inc.
Website © 2019. All content copyrighted. Copyright Information.     Terms Of Use.     Request Content Removal.

1pB Wednesday, April 28, 2010 Bulletin, Progressive, Record, Reporter EDITORIAL O, PINION EDITORIAL Nakoma Resort should benefit entire county After languishing for six years, the Nakoma Resort and Golf Club at Gold Mountain has finally been bought out of bankruptcy. Michael Schoff, principal of the Schomac Group, Inc., which also owns the Feather River Inn, succeeded where others had failed. Earlier attempts to buy the property fell apart during the due diligence phase. Parts of the golf course had not been sur- veyed, easements had not been obtained in some cases and wells that were supposed to be included were not. Meanwhile, un- tended land and structures deteriorated. Property owners in the development were left tending to the golf course. As problem after problem surfaced, po- tential buyers fell by the wayside. Although he called it a long and compli- cated process, Schoff persevered. He ended up acquiring the property for $900,OO0, with an almost equal amount of various taxes, penalties and interest. The purchase is good news for Plumas County on several fronts. First, the county will see some cold hard cash in the form of past-due property taxes, penalties and in- terest. But the acquisition also promises long- term benefits. It may help stabilize proper- ty values in the area, and it has the poten- tial to generate transient occupancy taxes. In the most general sense, it will help to market Eastern Plumas as a recreation destination. Schoff said he plans to begin work im- mediately to improve the clubhouse, golf course and spa villas. He wants to have both the 18-hole Nakoma "Dragon" golf course and the nine-hole Feather River Inn course open in early June. In the long term, Schoffwants to:reconfigure some bf .... the most challenging parts of the Dragon so that it has wider appeal. He sees the two properties as "sister resorts." Perhaps the best portent of success is Schoff's willingness to engage and work with local interests. He gave much credit to the GoldMountain Homeowners Asso- ciation, particularly its developer liaison committee. Schomac has contracted with Dan and Leah West to operate the Feather River Inn course this summer. The couple is also serving in an advisory capacity for the Nakoma course. It is our hope .this spirit of partnership can continue as Nakoma is revitalized to the benefit of all of Plumas County. Feathe00$shing 0000aper __.dfl: '' .. ./ Breaking News .... go to Michael C. Taborski ............. Publisher Keri B. Taborski .. ,Legal Advertising Dept. Delaine Fragnoli ....... Managing Editor Diana Jorgenson .......... Portola Editor Alicia Knadler ........ Indian Valley Editor Kate West ............... Chester Editor Shannon Morrow .......... Sports Editor Mona Hill ................... Copy Editor Staff writers: Joshua Sebold Will Farris Sam Williams Barbara France Susan Cort Johnson Cheryl Frei Ruth Ellis Brian Taylor  Pat Shillito Linda Stachwell Feather River Bulletin (530) 283-0800 Lassen County Times (530) 257-53211 Portola Reporter (530) 832-4646 Westwood PinePress (530) 256-2277 Chester Progressive (530) 258-3115 Indian Valley Record (530) 284-7800 Goldman Sachs shows we must regulate market i  ............. ; ;:  MY TURN JOSHUA SEBOLD Staff Writer I don't have enough space here to explain specifically why many of Goldman Sachs actions in the last few years were damaging to the economy, but there are about a hun- dred stories online documenting the com- pany's role in the downturn; so if you haven't gotten to step one of genuinely de- spising the company and everyone in the upper levels of it, an hour of web-surfing should get you there. To keep it simple I will say the company, along with a lot of average people who tried to fly too close to the sun, played a large role in the recent financial collapse. The main distinction between the compa- ny and practically everyone else who played a part is that average people lost their houses, their life savings or their businesses, while Goldman Sachs made bil- lions of dollars on the collapse it helped to create. The recent announcement that Goldman Sachs was charged by the federal govern- ment with fraud is reassuring as an indica- tion the company will be held accountable for its actions, but this fact should not be enough to satisfy the average American's need for the causeS of the financial crisis to be addressed. I find it very unlikely the company, if it loses the case, will be charged an amount of money that comes anywhere close to the billions it made in the act of helping our economy into the recession. That's because this fraud case only deals with one trade that the government alleges was illegal, and we know for a fact that many of Goldman Sachs actions, and those of other similar companies that played roles in the creation of the downturn, were actually legal. You can also get an idea of what effect this type of case has on an industry's future actions by taking a look at the pharmaceu- tical industry, where companies found to have promoted a dangerous or untested drug are often fined millions of dollars after making billions on the drugs in question. In case you couldn't guess, many of those drug companies have not changed their practices after a lawsuit or even multiple lawsuits were successfully brought against them. There are two options in addressing these types of discrepancies. Either we (and the U.S. government by extension) can decide the punishments for Where in the world Quincy's John and Cindy Mansell celebrated their 30th wedding anniver- sary in Italy, where they were stuck for 10 extra days due to the Icelandic volcano. Tlley are shown in front of all the can- celled flights at the Venice airport. Next time you travel, share where you went by taking your local newspaper along and including it in a pho- to. Then e-mail the photo to smor- Photo su bm itted companies that willingly mislead clients in a way that damages large amounts of peo- ple should be more severe, or we can em- power some sectors of the government to be in a better position to stop companies from taking actions that endanger millions of people. One of the main things people in this country need to wake up to is the fact that all regulations don't need to be equal. If, for instance, you don't like the current level of standards for building houses or running a restaurant that doesn't mean you have to feel the same way about the more complex regions of the financial industry. Let's also get past the claims made by large financial companies that "the econo- my will slow down if we regulate them more." Please keep in mind the people saying this are the ones who just murdered our en- tire economy in front of our eyes and made a boatload of money doing it. You don't understand their industry; I don't understand their industry. But we know they just punched Us in the face and paid themselves bonuses while doing it, so why are we listening to them? The reality is the actions of companies like Goldman Sachs have negatively affect- ed far more people than the vast majority of companies can possibly harm. If you assume unemployment has risen by around 5 percent on average in our country because of the actions of Goldman Sachs, thatWould mean thecompany di- rectly harmed at least 15 million people. By comparison, the much ridiculed car manufacturer, Toyota, made 9 million cars in 2008. .Toyota would practically have to put life- altering defects in every one of its cars in this country to possibly have had the nega- tive impact on our country that Goldman Sachs has. It would have to be willfully creating death machines, and each one would have to harm multiple people, for the Toyota re- call to have an effect anywhere near that of the financial downturn. The reality is simple: The financial world that Goldman Sachs operates m s some- thing you and I will never fully understand, yet it has more impact on our future than any action We can take as individuals. This area of the financial sector is the most obvious candidate for increased regu- lation since lead plumbing. Interestingly enough, people seem much more inclined to call for the overhaul of something like the Tax Code also some- thing affecting their lives that they can't possibly understand without aid than they are to call for changes in the areas of the financial sector where Goldman Sachs operates. See Goldman, page 11B REMEMBER WHEN ............... 2""2 ................................................................................................... : ............................. KERI TABORSKI Historian 80 YEARS AGO... 1930 Advertisement: Greenville Hot Springs now open under new management of A.F. White offering clean and sanitary mineral baths, plunge tubs and showers. Located in Greenville, California. When the work of the census taker at Portola has been complefed it is believed that better than 1200 to 1400 residents will have been counted there. The handwriting is MY TURN ALICIA KNADLER Indian Valley Editor a Earlier this month, a feeling of selfish whininess overcame me before an evening meeting a large departure from my "fab- ulous" self, as I'm known hereabouts. It was a workshop for residents to attend and give their input for the general plan update, and I just knew it would be sparse- ly attended. It's pretty dull when the public doesn't bother attending these things, or so I thought at the time. Pass the cheese anyone? Instead, I was surprised and actually en- joyed learning the nitty-gritty about the mechanics and language of it all. The low-tech nature of the surprises was rather interesting for a gadget gal such as myself who is into all things digital. First of all, the meeting was better at- tended than I thought it would be, though there were several people there from else- where in the county enough to outnum- ber locals, though they did represent 50 YEARS AGO... 1960 According to figures provided by Plumas County Clerk Lois Kehrer this week a total of 4148 Democrats are registered in Plumas County followed by 1729 Republicans and 207 non-partisan. The figures show a drop of 305 voters from the 1958 general election. 30 YEARS AGO... 1980 The Plumas County Chamber of Com- merce met last week and installed the follow- ing officers: three year board director and Portola businessman George Bartlett, presi- dent; Mike Taborski of Feather Publishing, Quincy was installed as vice president; Bob Edwards of Plumas General Insurance, Quincy was installed as treasurer. Board of directors include Millard Meeks and Dick Lyddon of Chester, Mike Ayoob and Bob Caufield of Indian Valley, Jack Garrison of Graeagle and Lynn Webb of La Porte. 10 YEARS AGO... 2000 Four people were killed Friday after- noon when their airplane, a Cessna 172, plunged into Lake Almanor. Two of the four, Paul and Phyllis Redwood were resi- dents of Chester. Half of the employees who work at Plumas County's Alcohol and Drug Depart- ment are out on stress related medical leave, putting the department in a difficult spot to operate and The Plumas County Board of Supervisors has reallocated extra funds to enable the de- partment to contract out services. on the newspaper and the thank-you note several local interests. My first real surprise came when one of the plan designers asked participants how they learn about meetings and activities in the community and the resounding an- swer was from the Indian Valley Record. It may seem like the logical answer, but the question is usually posed differently -- like how does one hear about things. Many years ago people would answer that question with the radio or through their friends, coworkers and family. These days I hear e-mail and Facebook mentioned quite often as sources of infor- mation and rumors, of course. It felt great hearing that the community newspaper is the main way residents find information about upcoming local events, which is unusual and unlike other commu- nities, one participant said. That was really nice to hear, and willin- spire me to remember that readers depend on my coworkers and me to make sure they learn about these things in a way that will help them remember to attend. The way press releases are written sometimes makes me laugh, with boring, run-on lead sentences about who is going to do what, when, where, why and how. That's so old school, and readers just don't have time to muddle through all that to get to the gist what's in it for them? So, take note you press release writers: Give us all the Ws and the how of it, but not all in the first sentence. May I use my new Faceb0ok lingo, LOL? My second surprise was rediscovering the importance of a handwritten note. The one who reminded me of this al- most-lost an is a local woman who I really look up to for all her years of work in and dedication to the community. Sh9 had attended the special Women in History luncheon and really enjoyed the presentation made by our managing edi- tor, Delaine Fragnoli. "I'd like to write a nice note to Delaine about her spectacular presentation for Women's History Month," the woman said to me. "OK," I answered back. "Do you want her e-marl or her snail mail?" She looked at me and said ever so sweet- ly that she actually wanted to write the note by hand. I don't think my momentary lapse was noticeable; at least she didn't look ques- tioningly at me for what I hope wasn't a blank or horrified stare. I was in a dither inside my own head, wondering if I had handwritten that recent thank-you note to her or e-mailed it. She took me out of my misery a split- second later, " the one you did," she said. So my lessons learned this month served to remind me that while real, hold-in-your- hand newspapers and notes might be be- coming more of a rarity in this digital age, they are also becoming more valuable to people who need to remain connected in meaningful, fabulous ways.