A2 Saturday, May 28, 2011
GENERAL/OBITUARIES/RECORDS
Talnack to present paper at conference in Finland JONATHAN ENTZMINGER RECORD STAFF WRITER
Dr. Marie Talnack, of Roswell, will be one of four Americans presenting a paper at the International Real Options Conference in Turku, Finland, June 1518, at Åbo Akademi University. She will represent the University of Southern California’s School of Policy and Planning at the conference. “For anybody who’s doing financial modeling, this is a very prestigious conference. I consider it a real honor to be able to speak,” Talnack said. The Real Options Conference has convened for the past 15 years to discuss advances in Real Options Theory. The theory is a financial model that improves upon the 1973 Nobel Peace Prize winning Black and Scholes financial model. According to Talnack, the model can be used as an alternative to making investment decisions that differ from traditional structures. “Compared to the current method (net present value) of deciding how to make investments, this method allows decision makers more flexibility to adjust
their investment, as more information becomes available to them ... instead of getting locked in an investment.” Talnack said. Real Options Theory places value on investment decisions based on a wide variety of assets. The theory has been applied in establishing utility rates, government infrastructure projects and valuing patents. Talnack’s presentation, “Evaluating Joint Development of Donated Technologies to Universities,” will be delivered during the Case Applications from Around the Globe segment, June 15. “I plan to speak to them about ‘How do you apply this financial model to figuring out the value of patents?’” Talnack said. Her presentation will include the results of five years of research on donated patents, and how they have been commercialized through industry-university partnerships to create new technologies, spin-off companies, start-ups and jobs. Talnack’s interest in financial models and investments in new technology began in the 1980s through her work with the University of New Mexico’s Technology Innovation Pro-
gram. In the program, she applied finance to realworld challenges of transferring technologies out of New Mexico’s federal laboratories and universities to stimulate economic development in the state. However, Talnack said her inspiration for pursuing such complex financial models was probably conceived as a student at Sierra Middle and Goddard High schools. “It’s important to have teachers, mentors that make you think about what you’re learning in the classroom, and how you can use that in your own world. That got me to the point that I am at right now. I was fortunate that I had teachers who said, ‘go home and work this realworld problem out.’” Locally, Talnack sits on the board of the Walker Air Force Museum. She also spends her time trekking back and forth from Roswell to California, as an independent consultant. Next year, Talnack hopes to return to the International Real Options Conference and present a paper on “government investment in national security assets and aviation.”
Show draws interest in condor TUSAYAN, Ariz. (AP) — The sarus crane gracefully walks onto the stage with its long legs that trail in flight. The African great white pelican waddles to eat fish from a mock river. A brownnecked raven snatches a dollar bill from a woman in the audience and stuf fs it in a donation box. The birds that appear in a live show are part entertainment and part education, doing tricks and helping visitors traveling to or from the Grand Canyon spot others like them. They’re also drawing attention to the plight of one of North America’s most endangered birds — the California condor. The money that Bart, the raven, grabs from the woman’s hand goes to the Peregrine Fund, which releases captive-bred condors into the Arizona wilderness. Along with state and federal agencies, the group has helped recover the condors from the brink of extinction. While visitors to the bird show at the National Geographic Visitor Center won’t see a Califor nia condor — its status prevents private ownership — its closest relative, an Andean condor named Queen Victoria stands in. Both condors are rare, but the Andean condor is in better shape. Biologists estimate that there are a few thousand Andean condors in the wild, while the total population of Califor nia condors is
around 390. The birds were nearly extinct in the 1980s with a population of 22. Seventy-one of them now fly in and around the Grand Canyon and up to southern Utah. The Peregrine Fund, one of four groups that breed, release and monitor the Califor nia condors, raises about $800,000 a year. The Arizona Game and Fish Department educates the public on the biggest threat to the condors — lead ammunition. At the live bird show, the 16-year -old Andean condor hops from tree stump to tree stump in an outdoor venue at the visitor center, showcasing her 9 1/2-foot wing span. She’s about the size of a California condor, though most people see those birds from a distance. “It was a perfect tie to what goes on here with the recovery for the California condor,” said Brent Kok, the visitor center’s director. “Lots of people come up here to see one. Unless you’re an avid bird watcher, you probably wouldn’t know the difference.” Joe Krathwohl leads the show. Best known as the “Birdman” of Las Vegas, he has nearly 30 years in training birds that began as a teenager when he bought a small bird at a pet store. About a dozen of his 1,000 birds traveled with him for the show that runs through mid-September. Krathwohl first heard
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about the California condors in the early 1990s. A wildlife educator in upstate New York had two Andean condors and offered one to Krathwohl, who eventually bought it and now has a handful of the birds under an endangered species permit. He explains how to spot birds that fly in the Grand Canyon based on his exotic stunt doubles that include a Barbary falcon, a red-tailed hawk and a steppe eagle. “Except for the color, they’re seeing the same birds,” Krathwohl said. “What I do is point out characteristics that are family specific.” Falcons, for example, are best known for their speed — up to 200 mph as they dive toward prey — and have a hint of oil in their tears to keep their eyes moist in high wind. They tend to fly in wide circles, while hawks repeat a pattern of five flaps and then a glide, and eagles flap their wings a few times and immediately soar. Hawks also have keen eyesight and stay airborne for hours but are the laziest of raptors when it comes to hunting, Krathwohl tells the audience. Ravens that have called the Grand Canyon home before humans discovered the massive gorge, are smart, he said. And like the other birds in the show, they enjoy showing off.
Roswell Daily Record
McConnell: GOP, Democrats should seek Medicare savings WASHINGTON (AP) — The Senate’s top Republican said Friday that lawmakers should not fear voter backlash for trying to squeeze savings from Medicare to reduce federal debt, because it will take a bipartisan deal to tackle the popular program. The remarks by Sen. Mitch McConnell, R-Ky., were noteworthy because they came three days after a Democrat won a special House election in a heavily Republican district in upstate New York after accusing the GOP of wanting to kill Medicare. Many Democrats have made clear that they intend to stick with that theme when they try to recapture the House and defend their slim Senate majority in next year’s elections. But McConnell told reporters that he believes Washington will agree to “something significant” to curb the giant health care program for the elderly well before the 2012 election, taking some of the edge off the issue. He said trimming benefit programs like Medicare is the only way to find the savings needed to make a serious dent in the government’s debt, a point on which budget experts on both sides concur. “And the American people can decide whether they will want to punish both sides for having done that because it will take both sides to do it,” he said. He added, “I don’t think
PUBLIC RECORDS
Marriage Licenses May 26 Anthony Maxwell, 45, and Stacy L. Bowen, 35, both of Roswell. Michael T. Drew, 49, and Maria Vickie Cobos, 50, both of Roswell. Robert Shawn Berryhill, 51, and Donna Hamilton Hall, 52, both of San Angelo, Texas. Guadalupe Martinez Jr., 27, and Beatriz Hernandez, 24, both of Roswell. Robert C. Tur ner, 48, and Rebecca R. Melendez, 37, both of Roswell. Johny Ray Sanchez, 42, and Laura Ann Torrez, 40, both of Roswell. May 27 Haskell Edward Rich II, 60, of Brownfield, Texas, and Jacque Mcashan Bar-
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either side will have to worry about political fallout next year.” The House-approved budget, written by Rep. Paul Ryan, R-Wis., would turn the health care program for the elderly into a system that gives them vouchers to buy private insurance, leaving many exposed to higher out-ofpocket costs. People now 55 or older could stay with the traditional Medicare system. The Senate rejected that budget this week, though most GOP senators voted for it, and top Republicans have conceded it has little chance of enactment. The issue is already resonating on the presidential campaign trail, where GOP contender Tim Pawlenty, the former Minnesota gover nor, expressed support on Thursday for R yan’s budget after dodging questions about it earlier. Another candidate, former House Speaker Newt Gingrich, backed away from an initial criticism of R yan’s plan after being lambasted by fellow Republicans. McConnell also reiterated his view on Friday that Medicare savings will have to be part of any deal between President Barack Obama and Congress to reduce the nation’s huge and growing $14.3 trillion debt. “Frankly if it were up to me, we’d be discussing Social Security as well,” the GOP leader said, mentioning another costly
program for the elderly that politicians have long avoided discussing as a source of budget savings. Underscoring the political stakes, a spokesman for Senate Majority Leader Harry Reid, DNev., accused Republicans of “holding the United States’ credit hostage to ram through their plan to end Medicare.” Reid Spokesman Jon Summers added, “Voters have resoundingly rejected this ideological agenda.” Republicans have demanded an agreement to cut federal spending as a price for their support for raising the gover nment’s debt ceiling. Democrats have acknowledged that such savings will have to be part of a debt limit agreement, which the Obama administration says must be completed by early August. McConnell, like many Republicans, said tax increases should not be part of any debt-cutting deal that may emerge from talks involving Vice President Joe Biden and top lawmakers of both parties. He did not answer directly, though, when asked whether higher taxes should be off the table for those discussions. The GOP leader, who does not face re-election until 2014, wouldn’t specify how he would change Medicare or how much savings he wants from the program.
ton, 60, of Tuscola, Texas. Accidents May 26 8:03 a.m. — West Fourth Street; drivers — Daniel Southerland, 26, and Scott May, 56, both of Roswell. 11:16 a.m. — Second Street; drivers — Megan Ziegenfuss, 24, and Wayne Davis, 49, both of Roswell. 4:58 p.m. — 415 N. Pennsylvania; drivers — Veronica Casaus, 65, and Gerald E. Harrington, 81,
both of Roswell. 6:45 p.m. — Berrendo and 3300 N. Main, alley; drivers — Theodore Schooley, 55, and Kemp Kuykendall, 15, both of Roswell. 9:59 p.m. — 2212 N. Main; drivers — Chris Lujan, 25, and Jef ferey Miller, 19, both of Roswell. 5:40 a.m. — Gail Harris and Earl Cummings; drivers — Sherrie Evatt, 44, and Jessica Bell, 25, both of Roswell.
S.M. Dodson
Manuel Salamanca
OBITUARIES
Services are pending at Ballard Funeral Home and Crematory for S.M. Dodson, 86, who passed away Friday, May 27, 2011, at Villa Del Rey. A further announcement will be made once arrangements have been finalized.
Services are pending at Ballard Funeral Home and Crematory for Manuel Salamanca, 76, who passed away Friday, May 27, 2011, at his home. A further announcement will be made once arrangements have been finalized.
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RETIREMENT LIVING
Email Fredda at: askfredda@yahoo.com your source of retirement living answers.
Jim Asks: I live in a community in which I have been a resident for almost two years. Recently after reading your column about low rates I found out several of the new residents are paying as much as 2 times less than I am, could this be a sign they are in trouble? In addition, they are laying employees off and the food is getting worse, what is this a sign of?
There are always signs of hard times, and lowering the rate is definitely a sign that the community is trying to attract attention and raise the residency. Keep in mind that even though the rent is reduced the cost to run the facility remains the same. With less income due to smaller rents there is less money to operate. This could lead to a vicious cycle of lay offs and declining accommodations for the residents. Here are some tips. If you are fearful that the decline in your community may amount to financial problems for the community you can always research how the company is doing. Look at your lease and see what your options are, and research the satisfaction rates between your community and that of other communities in your area. If the satisfaction rate is declining at your community then there is a good chance that the community could be facing hard financial times. If you are concerned you need to find another community and move this will bring you peace of mind and that is important. Fredda
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