Wapello County fair saturday, June 18, 7:30pm
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The Federal Reserve has begun what it says will be a series of interest rate increases in an effort to slow the economy and temper the current surge in the inflation rate. At the start of 2022, The Fed’s Raising Rates. the federal What Does It Mean for funds rate stood at You? near zero percent. By May, the Fed moved the federal funds rate 75 basis points (0.75%) higher. What does this mean for your money? While Fed actions directly impact large financial institutions, they also resonate throughout the financial markets. In indirect ways, your personal finances can be affected by Fed policy. Four ways the Fed’s rate hikes in 2022 could impact your bottom line: #1 – Higher borrowing costs While the Fed’s rate hikes don’t directly affect most types of consumer loans, the direction the Fed sets on interest rates tends to carry over throughout debt markets. This could include: (Financial cont’d on pg 6)
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he was a baby; his three older siblings also used it, Dick, the oldest being born in 1917. So the chair is at least 105 years old. Eventually, Nana handed the chair down to my dad. When I was growA Tale of Many ing up, Dad sat at the head of the dinner table; Mom sat at My dining room has the foot. The wooden a very old, antique highchair was always wooden highchair. It next to Dad’s. Mom or has a rounded back, one of the older kids like a barrel chair. held the baby, the secVarious wood and wire spindles connect ond youngest sat in the curved backrest to a more modern metal the seat. The seat top highchair, and the has two holes drilled. third youngest sat in the chair next to Dad. At one time, they were to hold a tray for As a little kid, I recall sitting in the chair next the baby’s meal. I’ve never seen the tray; it to Dad. Then, as I got was gone long before bigger and my younger siblings grew, I was I acquired the chair. moved to Mom’s end The dark brown paint of the table and evenis chipped and worn. tually to a side bench A spindle that crosses seat. between the front legs shows wear from kids Mom and Dad had sixteen children, all of using this as a footrest. The chair is a lit- whom sat in that hightle wobbly from years chair at one time or of use and has a split another. The children produced forty-four in the wooden seat. The crack could pinch grandchildren, who also sat in that chair. a little bottom if the chair moved just right. A few of the greatgrandchildren have I’ve often thought of also used the chair. having the piece of furniture restored, but So many little tails to do so would dimin- were parked in that chair over the deish its rich history. cades. You see, this was Dad’s highchair when Speaking of tails,
JUNE 15, 2022
when Mom handed the chair down to me, my cat loved to sit in the highchair. Kitty Toto would let her tail hang down between the spindles, waving it back and forth as she kept watch on my dog Harry, sleeping below. Harry was a beautiful tan and white collie with accents of black. When he laid on the floor, he would sweep his black tail back and forth – especially when he was dreaming. The movement mesmerized the cat. Harry and Kitty Toto eventually passed on, but the high chair was still with me. When I married Melissa, she had two cats, Salem and Eve. They also enjoyed the chair. One day we brought home a puppy named June. June liked to chase the cats. The cats, in turn, would run, seeking a higher place for refuge. The highchair often served that purpose until June got taller. Eventually, the cats had to stand up to June. Being curious, June wanted to sniff Eve while the cat sat in a chair. Eve would relentlessly bat at the dog’s nose. The cat was declawed, and
June seemed to enjoy the contact. On the other hand, Salem would hiss and snarl. “June! Leave the cats alone.” The dog heard that repeatedly as she grew. When June turned away, Salem would attack June’s constant waving tail as the dog retreated. June had the most beautiful tail. It was long and black with a white tip, making it
look like a paintbrush. The tail was sleek on top, bushy on the bottom. Most of the time, her tail was curled upward and never stopped wagging. We called it the tail of destruction as more than one coffee cup, glass, or anything else, sitting on the coffee table, was launched away by the quick motion of her tail. (Just the Other Day cont’d on pg 3)
JUNE 15, 2022
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(Just the Other Day cont’d from pg 2)
In time, Salem and Eve passed away. However, we still had June and the highchair. For June’s seventh birthday, we presented her with a cat. Welcome, Edgar Allan, a spirited black kitten with an unusually long tail. He enjoyed brushing and waving his tail in the dog’s face. If that didn’t get June’s attention, Edgar would sit in the highchair waiting for the dog to pass by and then taunt her by attacking her swooshing tail. But, of course, Edgar was just playing, trying to engage the dog to chase him. Because June was so used to hearing, “Leave the cat alone,” she would only oblige the feline if she thought no human was watching.
Warrant Wednesday
shot. Leave Nova’s tail alone.” I don’t think my wife and I will ever break this cycle when both animals seem to enjoy it so much.
Edgar still runs to the highchair, but now he will strike back at Nova’s nose. “Nova Mae, you better leave that cat alone before Edgar shows you what he can do with those claws.” At eighteen weeks old, the dog still has selective Eventually, June passed on, but we still hearing and a short attention span. have Edgar and the highchair. Then we got Even in the chair, a new puppy. Nova continues to snap at Edgar’s tail. Nova Mae, a tenweek-old blue heeler, The cat retaliates, returning punches her border collie mix, is very spirited. She has way. So, Nova runs behind the chair, poka beautiful black tail ing her nose between with a white tip that the spindles trying to looks like a paintsnatch the cat’s tail. brush. Being a new The cat spins in the puppy, Nova had seat, returning a few never heard “Leave the cat alone.” Edgar swats through the same spindles. The wasn’t sure about all this new puppy ener- two run in circles until gy, and it took a period Mom or Dad snaps, of adjustment for him “Nova! Go to your kennel and leave the to tolerate Nova. cat alone!” Meanwhile, Nova had Nova hangs her head. no problem chargAs she begins the ing his new grumpy playmate – especially walk of shame to the Edgar’s enticing, long- kennel, Edgar jumps out of the chair to take tail waving in the air. a cheap shot at the dog’s tail. Then the We would discipline the puppy, “Nova Mae, feline bolts down the hallway to take shelter leave the cat’s tail under a bed. The sealone!” But puppies have selective hearing ries of events reminds me of the directions and a short attention on a shampoo bottle: span. So, after time out in the kennel, the wash, rinse, repeat… Honestly, it’s enterpup came bouncing taining – for a while. out to go right after the cat’s tail. Seeking Watching the dog and refuge, Edgar would cat playing in the highjump into the highchair. That worked for chair reminds me of a week until Nova was days long ago. When a younger sibling was tall enough to reach sitting in the highchair, Edgar in the seat. sometimes I would Eventually, Edgar be- walk by and pinch gan playing with Nova their tail end through the spindles just to get a little. Still, Melissa and I were constantly a rise out of them. scolding her, “Nova From time to time, I Mae, leave the cat’s get ideas about retail alone!” finishing or restoring that old highchair, but One day Melissa I could never do it. snapped at Nova to leave the tail only. The The crack in the seat puppy hung her head top is too wide now to pinch a little bottom. and turned away. As Besides, any changes Nova walked away, the poor victim Edgar would diminish its rich attacked the dog’s tail. history and could even change the future. “Oh, my Lord! Seriously, Edgar?” The new command is, “Edgar, that was a cheap
Wapello County has over 500 active warrants. Warrant Wednesday’s are designed to help law enforcement locate wanted persons, with the public’s help. Do NOT attempt to apprehend these individuals. Instead, call the Ottumwa Police Department at (641) 683-0661 or Wapello County Sheriff ’s Department at (641) 684-4350 if you have any information on their whereabouts. Your tips can be made anonymously.
Name: Rosanna Marie Campbell DOB: 03/27/1985 Warrant Issued: 06/09/2022 Warrant Details: Failure to Appear Original Charge: Violation of Restraining Order
CAPTURED Name: James Vincent Cobler DOB: 07/22/1963 Warrant Issued: 06/09/2022 Warrant Details: Revoke Pretrial Original Charge: Arson
Name: Cory Dwaine Dodd DOB:07/16/1985 Warrant Issued: 06/06/2022 Warrant Details: Violation of Probation Original Charges: Burglary 3rd Degree & Possession of a Controlled Substance
Name: Tamar Vashawn Williams DOB:01/31/1993 Warrant Issued: 05/28/2021 Warrant Details: Domestic Abuse Assault & Harassment
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JUNE 15, 2022
FAMILY
FUN DAY! SATURDAY, JUNE Deli 18TH! Full-Service
Close Observation I have a great view from my home office window. I overlook the lake, hills, and the timber on the far side of the dam. It does though sometimes become distracting when something more interesting is happening outside than I am doing in the office. On Friday, I was working on some business tax stuff, which is never very exciting. My eyes wandered from my computer screen to the lawn and the lake beyond. Suddenly, I saw a doe and her fawn walking across the lawn past my window. The fawn was bouncing along happily while its mother cautiously led the way. Jag was up on the porch in his favorite watch dog chair and fast asleep. Billie was on the rug beside my desk, also catching up on his much-needed sleep. Neither dog noticed the prowlers crossing their yard. The doe and fawn continued across the yard and off into the timber without being challenged. An hour or
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so later, after working intently on more tax forms, I decided to take a break. As I slid my chair away from the desk and stood up, I spooked a deer that had been standing un-noticed, right outside of my window. My movement caught her eye, and she was as startled as I was. I was not expecting to see a deer three feet away any more than she was expecting to see me. She made a hasty exit, and I went upstairs for coffee, just a little bit rattled by the close encounter.
Early Saturday morning, while drinking coffee on the porch, I noticed an unusual number of butterflies flying around. There were a few monarch butterflies and a couple of other types with which I am familiar, but most of them were smaller brown ones with white spots. The longer I sat there, the more I was surrounded by them. My wife and I went for a Ranger ride in the early afternoon where we saw hundreds or perhaps thousands of these smaller brown
and white butterflies. They would land on our hats or collect on the Ranger. They drove the dogs crazy by landing on them. I do not know where they came from or why they decided to congregate at our house but by Monday morning, they were gone. Perhaps they were migrating and just happened to stop at our place for a rest. One other observation I have made is we have more raccoons than I have time or energy to deal with. With daily live trapping them and taking them for a ride far away, I was wasting time and gasoline in a losing battle. If I prevented one from getting in the grape jelly and other things I put
out for the birds, there were two raccoons ready to take his place. I came up with the solution of taking the bird seed and jelly into the garage every night. When I let the dogs back out in the morning, I also take the bird feed out. This solution seems to be working as the birds only eat during the day and the raccoons eat mostly at night. If a rebel raccoon decides to try to get a free meal during the day, Jag, the terrier will probably show him the error of his ways. I must say, if a person keeps their eyes open and pays attention, they can make some unique observations about nature.
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(Financial cont’d from pg 1) the interest rate earned.
• Home mortgages – Adjustable-rate mortgages will be the most directly affected, as they change in conjunction with general interest rate trends in the market. If you have a fixed rate mortgage, you won’t see any change. • Automobile loans – While a variety of factors affect how interest rates are set on vehicle loans, you can expect these rates to increase as well. • Student loans – Federal student loan rates are set and will not be directly affected. However, borrowers working with private lenders will likely see rates move higher as they are tied to the fed funds rate.
#3 – The bond market Fed interest rates strategies don’t impact the bond market directly, but Fed policy is watched closely by bond investors. This year, along with raising short-term rates, the Fed has also begun reducing the role it plays as a buyer in the broader bond market. That action could lessen demand for longer-term bonds, which can drive up interest rates. Even before the Fed initiated its new policies, the bond market already anticipated the change and interest rates began moving higher on most types of bonds
#4 – The stock market The stock market also tends to react to the #2 – Modestly higher Fed’s news, and with savings rates the central bank takInvestors have not ing steps to slow the earned much in terms of economy, investors interest on bank savanticipated the potential ings accounts, money negative effects on pubmarket accounts for licly-traded companies. certificates of deposit in As a result of this and recent memory. While other factors, stocks lost it seems reasonable to value at the start of the expect that yields may year. improve modestly, the change may not be draIt may be a good time to matic. Even with historitalk with your financial cally low interest rates, advisor about whether investors have directed any of the changes significant sums to mentioned above rethese types of vehicles. quire you to update your In the current market financial plan. environment, some investors still have a Duane J Lusson, CFP, ChFC, desire for such “safe CLU, MSFS, is a Private haven,” high liquidity in- Wealth Advisor with Ameriprise Services, Inc. in Otvestments regardless of Financial tumwa, Iowa. He specializes
in fee-based financial planning and asset management strategies and has been in practice for 30 years. To contact him, call 641-684-4200 or stop by his office at 527 W. Second in Ottumwa, Iowa. Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value. Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation. Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2022 Ameriprise Financial, Inc. All rights reserved. File #4753366
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JUNE 15, 2022