See artistic offerings by:
The case of former Minneapolis Police Officer Derek Chauvin
To have witnessed the murder of George Floyd by Derek Chauvin was to have witnessed the removal of the dressing that hides a rot within our society. Before uncovering the nature of this corruption, perhaps a little history is in order.
Five thousand years ago the Empire Era of humanity as it is known began. It replaced the gift economy of the Hunter-Gatherer Era with a commodities economy. Thus the idea of ownership came into being with all its hierarchical aspects. This came into place and is maintained through the mechanisms of brute force (war), monotheism (one god), slavery, money and punishment. We are all traumatized because of this ethos and live in a world filled with fear and hate.
I believe the Empire Era is at its end as witnessed by the dysfunction of nation-states which have delivered us perpetual war, civil unrest, climate change, the Sixth Extinction and a multitude of other injustices. Indeed humanity has come a long way. However, the constraints with which our civilization has yoked us prevents the dream we know is possible – that dream being equity and justice for all.
The murder of George Floyd is an indictment of our civilization. It attests to the depravity we permit. It’s time for me to take stock of who I am and what I partake in and what I am willing to tolerate.
Yes, most certainly the murder of George Floyd needs to be reckoned with, but so too does the system that created Derek Chauvin. Until fear and hate are replaced with love, the killing will continue – killing not only of each other but of the Earth itself.
Bill Kucha, Depoe Bay
Move would support local economies, boost conservation efforts and improve access to Oregon’s natural treasures
Washington, D.C. – Oregon’s U.S. Senators Jeff Merkley and Ron Wyden today announced they will be introducing legislation to expand the Smith River National Recreation Area by 58,000 acres, which would protect the diverse ecosystems of the rivers, streams, and adjacent lands of the North Fork Smith River watershed, and help boost the local fishing and recreation industries that many Oregon families rely on.
In 1990, Congress enacted legislation to establish the Smith River National Recreation Area (NRA) to protect the watershed, but the boundary of the NRA stopped at the Oregon border, leaving the North Fork of the Smith River and its tributaries unprotected.
“When we come together to protect our state’s natural wonders, we can create jobs, protect resources, and make sure Oregonians can enjoy the beauty of our state for generations to come,” Merkley said. “Expanding the Smith River National Recreation Area is a commonsense win-win-win for our economy, adventurers across the Northwest, and those dedicated to preserving the ecosystems that make Oregon so special. I’m grateful to all of the local leaders, conservationists, and businesses who have been a part of this process so far, and look forward to continuing to work together to get this bill signed into law.”
“This legislation will create jobs and preserve one of the largest undammed rivers in the nation so that generations to come can experience Smith River’s scenic beauty,” Wyden said. “Expanding the Smith River Recreation Area into Oregon protects our state’s world-renowned natural treasures while also investing in our local economies.”
The Smith River is home to a rich assemblage of life forms—Coho and Chinook salmon, Coastal Cutthroat trout, the diverse Siskiyou Mountains forests, unique plants found nowhere else on earth, and spectacular redwoods that tower over the lower river banks. The Smith River NRA’s scenic beauty, world-class fisheries, and exceptional water quality attract adventurers who partake in water sports, fishing, hunting, camping, and sightseeing.
The NRA expansion would permanently withdraw the land from new mining claims, helping to protect this sensitive area from proposed nickel strip mines, and protect 74 miles of scenic rivers, including Baldface Creek, Chrome Creek, and nearby streams. In addition, the legislation would task the U.S. Forest Service with updating the recreation plan to reflect the new additions to the National Recreation Area, and produce a special study of streams, fens, wetlands, and potentially unstable and vulnerable aquatic habitat areas. (more…)
Debate Starts on Capital Gains Tax
Provided By: Duane J. Silbernagel, CFP®, CIMA®
Now and again, the price action on Wall Street can surprise even the most seasoned investors.
Look no further than when President Biden in late April proposed an increase in the tax on capital gains to 39.6% from 20% for those Americans who earn more than $1 million.1 Stocks dropped on the news, with the Standard & Poor’s 500 index down nearly 1% for the day.2
The “sell first, analyze later” reaction was curious since both Main Street and Wall Street largely expected the proposal. Several times on the campaign trail Biden said he wanted America’s wealthiest households to contribute more as a percentage of their income.3
It’s critical to remember that any capital gains tax proposal will likely face a long, uphill battle before becoming law. One prominent investment bank already has said it projects a more modest increase in the rate, which may land at around 28%.4
So at this point, it’s uncertain what type of legislation will be taken up by Congress. Challenge yourself to be patient during this period of debate and uncertainty.
We’re keeping a close eye on the process, and we are starting to analyze what a higher capital gains tax may mean for portfolios. Remember, this letter is for informational purposes only. It is not a replacement for real-life advice. Any portfolio changes may require input from your tax or accounting professionals.
If you are concerned about capital gains—or any other proposals being debated on Capitol Hill—please give us a call. We’d welcome the chance to hear your perspective, and hopefully, we can provide some guidance.
I hope you found this beneficial and informational. For more information about me and my services, visit my website: www.duane.wrfa.com
Thank you for your interest.
Duane Silbernagel is a Financial Advisor in Lincoln City, Oregon offering securities through Waddell & Reed, Inc., Member FINRA and SIPC. He can be reached at (541) 614-1322 or via email at DSilbernagel@wradvisors.com
1. Bloomberg.com, April 22, 2021
2. FoxBusiness.com, April 22, 2021
3. CNBC.com, April 22, 2021
4. Markets.BusinessInsider.com, April 23, 2021
The S&P 500 Composite Index is an unmanaged index that is considered representative of the overall U.S. stock market. Past performance does not guarantee future results. Individuals cannot invest directly in an index.
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. Copyright 2021 FMG Suite.
The City of Newport has one vacancy on its Group of Planning Commission Citizen Advisors. This group of was established to provide additional citizen input on legislative matters under the Planning Commission’s purview. The Group of Planning Commission Citizen Advisors (GPCCA) attend Planning Commission work sessions which are scheduled monthly on the second and fourth Mondays of the month at 6:00 P.M.
The GPCCA consists of three non-voting individuals who are residents of Newport. Appointments are made by the Mayor, subject to confirmation by the City Council. Terms run for three years. The Planning Commission will interview interested citizens and make recommendations to the Mayor for appointment.
Anyone interested in serving in this position should apply using the city’s committee application which is found on the city website at www.newportoregon.gov/CommitteeVacancies. The completed form can be submitted electronically. Copies of the committee application form can also be obtained by contacting the City Manager’s Office at 169 SW Coast Highway, Newport, Oregon 97365, or by calling 541.574.0613.
The application deadline is May 31, 2021. The Planning Commission will interview interested volunteers and forward recommendations to the Mayor for formal appointment.