Lost Lake Tribune October 11th 2008

Dow Experiences Historical Week. - The Dow Jones Industrial fell over 2,400 points in the last eight business days. The Wall Street stock price indicator has never fell this many points in this short time period. The drop indicates about a twenty per cent loss. On Friday, the Dow fell as much as 760 points before coming back to a mild drop of 128. On Friday Morning, President Bush said "We are a prosperous nation with immense resources and a wide range of tools at our disposal ... We can solve this crisis and we will," Bush said in brief remarks from the White House Rose Garden. He also listed five actions that the government plans to pursue to help with the Wall Street crisis. These actions include buying up stock of privately owned American banks. On Friday, the government did just that. It was the first such move since the Franklin Roosevelt Administration. McCain Speaks to Unbecoming Crowd in the Twin Cities Area. - Presidential candidate John McCain spoke in Lakeville, MN on Friday. He attempted to settle down his supporters who are getting out of hand when it comes to talking about candidate Barack Obama. He even asked voters to be "respectful" in regards to Obama. Many of the questions that were asked in the town hall setting came from people who want McCain to get on the offensive even more. Late in the meeting, a lady from the suburb of Shakopee called Obama "an Arab." Taken aback, McCain shook his head and, taking the microphone from her, said, "No, ma'am. He's a decent family man, citizen that I just happen to have disagreements with on fundamental issues." McCain repeatedly tried to dial down his supporters' antipathy toward Obama. "I will fight, but we will be respectful," he said. "I admire Senator Obama" -- as the crowd booed loudly -- "I want everyone to be respectful. ... I don't mean you have to reduce your ferocity, just be respectful." McCain's speech on the economy in Lakeville is part of midwest state swing by the Republican candidate that includes Iowa, Minnesota and Wisconsin. These three states have turned to Obama in the polls and may not be winnable for McCain but the Arizona Senator is truly cynical of the polls. In 2000, candidate Al Gore led by as much as 11 points in October. In 2004, candidate John Kerry led by nearly double digits before losing to President George W. Bush. McCain believes that he still has a fighting chance in the election. Information borrowed from the Star Tribune Obama Travels to Ohio. - Presidential candidate Barack Obama went to the south central Ohio city of Chillicothe on Friday as he continued his "Jobs for America" tour. Obama started by saying "I know these are difficult times. I know folks are worried. But I believe that we can steer ourselves out of this crisis because I believe in this country. Because this is the United States of America. This is a nation that has faced down war and depression; great challenges and great threats. And at each and every moment, we have risen to meet these challenges – not as Democrats, not as Republicans, but as Americans. With resolve. With courage. " Obama later stated "America still has the most talented, most productive workers of any country on Earth." He told his supporters that he is concerned about Americans losing jobs and that he has a better plan for American jobs. The majority of polls show the democratic candidate unmistakably in the lead in both the popular vote and the electoral vote. Information borrowed from BarackObama.com Duluth Coworkers Speak to Media After Being Found. - DULUTH -- Three days overdue in the northeastern Minnesota wilderness Thursday, the two women had lost their map and their way, and their food cache was down to a few handfuls of trail mix and chocolate chips. But Duluth co-workers Maria Jacenko and Grace Knezevich said they were still warm and dry, still had a compass and are convinced they would eventually have walked out of the woods on their own if a helicopter search crew had not spotted them, waving from a ridge."I knew we'd make it out one way or another because we were headed east and would have hit the Gunflint [Trail]," Knezevich said. Jacenko, 42, and Knezevich, 23, met reporters Friday at the Benedictine Health Center, a senior citizens' care facility where they work. They discussed what went wrong on their hike of the 40-mile Kekekabic Trail, how they went missing and how they survived. Pinned to their shirts were yellow ribbons like the ones their co-workers wore during the three days they were missing, a group gesture of faith that the women would be found. Jacenko, a physical therapist, and Knezevich, an assistant nurse manager, said they too had faith they'd be OK, because they were experienced hikers and campers, had good gear, and kept their heads. After planning and even physically training for their hike, the two friends set out Friday from a trail head near Ely. John Siebenand, who lives with Jacenko, had agreed to pick them up about 3 p.m. Monday on the Gunflint Trail. Borrowed from the Star Tribune Fugate Enjoys Bible Conference. - The Central Seminary and Fourth Baptist Bible Conference this week went well for all involved. Benjamin Fugate was challenged by several messages from including three from Dr. Mark Minnick of Greenville, SC. Dr. Matt Olson of Northland Baptist Bible College and Pastor Matt Morrell of Fourth Baptist also spoke on the theme of suffering in this world. Drs. Olson and Minnick both held question and answer sessions for all the students at the conference. On Friday, Benjamin Fugate found out about two great ministry opportunities. He saw a bulletin board ad for a Jr. High basketball coach for Fourth Baptist Christian School which he answered by email promptly. He also saw an announcement for a Summer internship for missionary Darren Hammermeister is Surrey, BC. He quickly emailed the church planter back. Hammermeister replied to Fugate on Saturday with a short explanation of the ministry. It includes preaching, teaching and children's ministries. The church will provide room and board and a wage. Fugate has been asked to send a ministry resume back as soon as possible. Fugate met the Baptist World Missionary while Fugate attended Pillsbury in the middle of this decade. Editorial. - Remember last week when I told you that the US is becoming the USSR for sure. Well let me explain myself better with a couple of sections from historical literature. You can figure out what documents are mentioned. Here is the first: "Abolition of property in land and application of all rents of land to public purposes. A heavy progressive or graduated income tax. Abolition of all rights of inheritance. Confiscation of the property of all emigrants and rebels. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly. Centralization of the means of communication and transport in the hands of the state. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan. Equal obligation of all to work. Establishment of industrial armies, especially for agriculture. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country. Free education for all children in public schools. Abolition of children's factory labor in its present form. Combination of education with industrial production." Here is the next: The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States; To borrow money on the credit of the United States; To regulate commerce with foreign nations, and among the several states, and with the Indian tribes; To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States; To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures; To provide for the punishment of counterfeiting the securities and current coin of the United States; To establish post offices and post roads; To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries ... No preference shall be given by any regulation of commerce or revenue to the ports of one state over those of another: nor shall vessels bound to, or from, one state, be obliged to enter, clear or pay duties in another. No money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time." You can make the decision as to which document we should follow, but my personal choice is the latter. Until next week, this is LLT editor Benjamin Fugate. YOU MAY SEND your 350 words or less letter to the editor to benfugate2005@yahoo.com.