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Briefly . . . PT Main Street gearing up Detours for work for holiday shopping season street scheduled BY CHARLIE BERMANT PENINSULA DAILY NEWS

PORT TOWNSEND — The Port Townsend Main Street Program has announced its holiday schedule, with a special program in progress now. The program has changed its holiday shopping incentives, replacing a prize drawing with a gift certificate program that includes 51 local merchants. For every $500 spent at the local businesses, shoppers can turn in their receipts and get a $50 gift certificate redeemable at any one of the stores for money spent between last Friday and Dec. 24. “We wanted to try something new that would encourage local shopping,” said Main Street’s administrative assistant Dawn Pierson. “We used to have the raffle at the tree lighting at the beginning of December,” she said.

Through the season “With the gift certificates, we draw the savings out through the entire season.” Envelopes with the names of all the participating merchants and can be used to hold the receipts are available at all of the participating locations, which include four uptown merchants, two hotels and six restaurants.


Main Street’s administrative assistant Dawn Pierson arranges the gift certificate board for the Victorian Holidays promotion, which is now in progress. will be a tree-lighting ceremony after the arrival of Santa Claus 4:30 p.m. Dec. 4 at the Haller Fountain. After the tree is lighted, Small Business Saturday Santa will visit with children to hear their ChristOn Nov. 30, designated mas wishes. as Small Business Saturday, customers can sign up Victorian Yuletide to receive a $10 rebate for A Victorian Yuletide Celshopping at participating businesses while a Mer- ebration will take place from chants’ Holiday Open 1 p.m. to 5 p.m. Dec. 14, and House will take place several shops will have extended hours and stay throughout the day. The season’s main event open until 7 p.m. Dec. 20-21.

The gift certificate board will be displayed in the Main Street office, 211 Taylor St., Suite 3, on a firstcome, first-served basis.

The final holiday event is the First Night Celebration on Dec. 31 at the Jefferson Museum of Art and History, 540 Water St., which will include live music, children’s activities and the dropping of the anchor to ring in the new year. For more information, phone 360-385-7911 or go to

________ Jefferson County Editor Charlie Bermant can be reached at 360385-2335 or cbermant@peninsula

nity Center, 620 Tyler St., from 6 p.m. to 8:30 p.m. Thursday. Dan Roberts will lead the song circle and share some of his favorites. Roberts plays the guitar, PORT ANGELES — Traffic will be disrupted on mandolin, spoons, penny Race Street between Ninth whistle and Appalachian mountain dulcimer. and 10th streets on Everyone has an opporWednesday. tunity to lead a song or Work will begin 7 a.m. to place an asphalt patch request a song for someone in Race Street. It scheduled else to lead at this familyto be completed by 5 p.m. friendly event. that day. Chanteys were songs Southbound traffic will crafted and sung by those be detoured east on Ninth sailing the seas before the Street, then south on era of steam-powered ships Washington Street to Park and are associated mostly Avenue, then west to with the 19th century. return to Race Street. Visit or Northbound traffic will email singshanties@gmail. be detoured east on Park com for details. Avenue to Washington Street, then north to Ninth Bunco benefit set Street, then west to Race PORT ANGELES — A Street. bunco game benefit for Captain Joseph House is Jefferson Transit planned for the Port AngePORT TOWNSEND — les Senior Center, 328 E. New Jefferson Transit Seventh St., from 6:30 p.m. schedules go into effect to 9 p.m. Friday. today. Bunco is a social dice The No. 11 A & B Shutgame that game organizers tle will begin going to can teach new players in a Mountain View Commons matter of minutes. via Blaine Street. Cost is $10 per person. That will cause a oneSnacks, beverages, door minute time change on the prizes and a 50/50 raffle route. Shuttles will continue to are planned. use Lawrence Street until Proceeds will support construction on Walker the local Captain Joseph Street is completed. House, founded to provide respite and educational Sea chantey circle support to the families of the fallen. PORT TOWNSEND — Tickets are available at The Port Townsend Sea the door and at the Port Shanty Song Circle and Angeles Senior Center. Sing-along will be held at the Port Townsend CommuPeninsula Daily News

Senate mulls job discrimination; House out PENINSULA DAILY NEWS

Eye on Congress


WASHINGTON — This week, the House will be in recess, while the Senate will debate a bill to outlaw employment discrimination based on sexual orientation or gender identity.

Contact legislators (clip and save)

State legislators

day (closed on holidays and from noon to 1 p.m.) and leave a detailed message, which will be emailed to Van De Wege, Tharinger or Hargrove, or to all three. Links to other state officials: elections/elected_officials. ■ R E T I R E M E N Taspx. ACCOUNT PROTECTIONS: Voting 195 for and 223 against, the House on Learn more Tuesday defeated a DemoWebsites following our cratic bid to ensure that HR state and national legisla- 2374 (above) does nothing tors: to weaken Department of ■ Followthemoney. Labor protections against org — Campaign donors by fraud in seniors’ and veterindustry, ZIP code and more ans’ pensions, 401(k) ■ — accounts and other retireHow special interest groups ment-savings accounts. rate legislators on the A yes vote backed the issues. Democratic motion. Kilmer voted yes. ■ FIDUCIARY STANDARDS FOR FINAN■ D E R I VAT I V E S , CIAL ADVISERS: The FINANCIAL DEREGUHouse on Tuesday voted, LATION: The House on 254 for and 166 against, to Wednesday voted, 292 for sidetrack regulations that and 122, to scale back derivwould impose fiduciary atives rules in the 2010 standards on virtually all Dodd-Frank financial-reguentities that sell personal- lation law as they apply to ized financial advice to large banks and other retail (non-institutional) major financial institutions. investors. This bill (HR 992) would Now awaiting Senate exempt transactions such action, the bill (HR 2374) as commodity swaps, equity would indefinitely delay swaps and certain creditSecurities and Exchange default swaps from rules Commission and Depart- imposed by Dodd-Frank on ment of Labor rulemakings now underway. At present, only some advisers and brokers in the financial-services industry are obligated by law to follow fiduciary standards in OLIDAY dealings with their retail PEN customers. This bill would broaden OUSE greatly the applicability of ALE the standards, which require, in part, that finanOV cial professionals to put clients’ best interests ahead of their own in recommending investments. everything!!!* The SEC regulations *EXCEPT CONSIGNMENT targeted by this bill stem from language in the DoddFrank financial-regulation law to protect unwary small investors in their


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Jefferson and Clallam counties are represented in the part-time state Legislature by Rep. Kevin Van De Wege, D-Sequim, the House majority whip; Rep. Steve Tharinger, D-Sequim; and Sen. Jim Hargrove, D-Hoquiam. Write Van De Wege and Tharinger at P.O. Box 40600 (Hargrove at P.O. Box 40424), Olympia, WA 98504; email them at vandewege.; tharinger.; hargrove. Or you can call the Legislative Hotline, 800-5626000, from 8 a.m. to 4:30 p.m. Monday through Fri-


■ OIL AND BIOFUEL SPECULATION: Voting 190 for and 223 against, the House on Wednesday defeated a Democratic motion to preserve in HR 992 (above) the ability of federal regulators to police excessive speculation in derivatives markets that could result in the manipulation of oil and biofuel prices. A yes vote was to adopt the motion. Kilmer voted yes. ■ GOP FILIBUSTER OF MILLETT NOMINATION: Voting 55 for and 38 against, the Senate on

Thursday failed to reach 60 votes needed to end Republican blockage of the nomination of Patricia Ann Millett to sit on the United States Court of Appeals for the District of Columbia Circuit. President Barack Obama nominated Millett, 50, for the position in June. Now in private practice, she formerly was an assistant solicitor general. This court is regarded as the most powerful of the 13 federal appeals courts because it has jurisdiction over rulemakings by federal agencies. Chief Justice John Roberts and three other current Supreme Court justices were once D.C. circuit judges. The 11-seat court is now split between four judges nominated by Republican presidents and four chosen by Democratic presidents, with Millett slated to fill one of the three vacancies. Because she would tip the balance in favor of Democratic nominees, Senate Republicans mounted this filibuster to keep her off the court, prompting Democrats to consider changing Senate rules so that she

and other judicial nominees could be confirmed by simple majority votes. A yes vote was to advance the Millett nomination. Cantwell and Murray voted yes. ■ GOP FILIBUSTER OF WATT NOMINATION: Voting 56 for and 42 against, the Senate on Thursday failed to reach 60 votes needed to end a Republican filibuster against the nomination of Melvin L. Watt, a Democratic congressman from North Carolina, to a fiveyear term as director the Federal Housing Finance Agency (FHFA). Established in 2008 in the throes of the U.S. housing meltdown, the agency is the lead federal regulator of housing markets, overseeing Fannie Mae, Freddie Mac, the Federal Home Loan Banks and other elements of the U.S. secondary mortgage market. A yes vote was to advance the Watt nomination. Cantwell and Murray voted yes.

Deciding When to Retire: When Timing Becomes Critical


“Eye on Congress” is published in the Peninsula Daily News every Monday when Congress is in session about activities, roll call votes and legislation in the House and Senate. The North Olympic Peninsula’s legislators in Washington, D.C., are Sen. Maria Cantwell (D-Mountlake Terrace), Sen. Patty Murray (D-Bothell) and Rep. Derek Kilmer (D-Gig Harbor). Contact information — The address for Cantwell and Murray is U.S. Senate, Washington, D.C. 20510; Kilmer, U.S. House, Washington, D.C. 20515. Phone Cantwell at 202224-3441 (fax, 202-2280514); Murray, 202-2242621 (fax, 202-224-0238); Kilmer, 202-225-5916. Email via their websites:; murray.; Kilmer’s North Olympic Peninsula is located at 332 E. Fifth St. in Port Angeles. Hours are 9 a.m. to noon on Tuesday, and 1 p.m. to 4 p.m. on Wednesday and Thursday. It is staffed by Judith Morris, who may be contacted at judith. or 360-797-3623.


financial dealings. The DOL regulations at issue would mode r n i z e investor Kilmer protections first codified in the 1974 Employee Retirement Income Security Act. A yes vote was to send the bill to the Senate, where its future is bleak. Kilmer voted yes.

the $600 trillion-plus derivatives market in response to the U.S. and global financial meltdown in 2008. Those rules, in part, require banks to “push out” their riskiest derivatives activity into entities whose losses are not federally insured and which do not receive preferential Federal Reserve borrowing rates. The bill is now before the Senate. A yes vote was to send the bill to the Senate, where it is likely to be shelved. Kilmer voted yes.

Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you’ll need to estimate not only your anticipated expenses, but also what sources of retirement income you’ll have and how long you’ll need your retirement savings to last. You’ll need to take into account your life expectancy and health as well as when you want to start receiving Social Security or pension benefits, and when you’ll start to tap your retirement savings. Each of these factors may affect the others as part of an overall retirement income plan.

Check your assumptions Whether your are thinking about early retirement, delaying retirement or phasing into retirement, the sooner your start to plan the timing of your retirement, the more time you’ll have to make adjustments that can help ensure those years are everything you hope for. If you’ve already made some tentative assumptions or choices, you may need Kevin Tracy Financial Planner* to revisit them, especially if you’re considering taking retirement in stages. And as you move into retirement, you’ll want to monitor your retirement income plan to ensure that your initial assumptions are still valid, that new laws and regulations haven’t affected your situation, and that your savings and investments are performing as you need them to. By planning carefully, investing wisely, and spending thoughtfully, you can increase the likelihood that your retirement will be a financially secure one. Contact Tracy Wealth Management to review your retirement goals and situation. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future results. *Securities and advisory services offered through FSC Securities Corporation, member FINRA/SIPC. Tracy Wealth Management is not affiliated with FSC Securities Corporation or registered as a broker-dealer or investment advisor.

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