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Sarah Caitlin Stanley 24, of Nacogdoches, Texas A memorial service for Sarah Caitlin Stanley, 24, of Nacogdoches, Texas, will be at 2 p.m., Saturday, Sept. 15, at Lane’s Chapel UMC with Rev. Jeff Gage officiating. Mrs. Stanley passed away Tuesday, Sept. 11, 2012. She was born Feb. 17, 1988, in Oklahoma City to Ron and Rhonda Lee Brimmer Austin. Sarah was a 2007 graduate of Robert E. Lee High School. She attended TJC and Stephen F. Austin in Nacogdoches. Sarah was a devout Christian and enjoyed working with children. Sarah was preceded in death by her paternal grandfather, Jerry Austin, and maternal grandmother, Ruby Brimmer. She is survived by her loving family including her husband, Cody Stanley; parents, Ron and Rhonda Austin; mother-in-law, Phyllis Stanley; and siblings, Seth Austin and Rachel Austin; grandmother, Wynell Austin of Tecumseh; grandfather, Richard Brimmer; and niece, Emrie Oldham. Visitation is scheduled from 1 to 2 p.m., one hour prior to service on Saturday, Sept. 15, at Lanes Chapel. The family will also receive friends at their home.
Roger H. Lantagne 67, of Meeker Roger H. Lantagne, 67, of Meeker, passed away Tuesday, Sept. 11, 2012, in Oklahoma City. He was born in Escanaba, Mich., to Arthur and Jeanette (Derouin) Lantagne on May 9, 1945. Roger moved to Oklahoma in 1961 where he met the love of his life, Katy Fletcher. They married in 1967. He was a wallpaper hanger for more than 30 years. He loved writing songs, playing his beloved 12 string guitar, buying and selling classic cars, and taking care of his dogs, cats, and hummingbirds. Roger never knew a stranger and all who met him loved him. He was preceded in death by his father, Arthur Lantagne, and brother, Rodney Lantagne. Roger is survived by his wife, Katy Lantagne; daughter, Jessica Lantagne and her husband, Lester Zind; his mother, Jeanette Lantagne; sisters, Patricia (Pat) Gunville, Yvonne Rivard, and Priscilla Shaw; and numerous family and friends. Memorial service will be at 2 p.m., Saturday, Sept. 15, at the Meeker City Hall, 510 W. Carl Hubbell Blvd. in Meeker under the direction of Cooper Funeral Home of Tecumseh. His friends and family are invited to bring pictures and share their stories of Roger. To share memories, or to sign the guestbook online, go to www.cooperfuneral.com.
How Fed policymakers affect the economy AP — The Federal Reserve’s chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy. Here is a look at how the FOMC operates. Q: What is the FOMC’s primary role? A: Its mission is to keep the economy, inflation and employment on a healthy track. When the economy weakens, Fed policymakers cut interest rates or keep them low. The lower interest rates are aimed at promoting increased borrowing and spending by consumers and businesses to spur economic growth. When the economy grows so fast that inflation becomes a threat, Fed policymakers raise rates or keep them high. That makes it costlier for people to get loans and means less borrowing and spending. Economic activity slows and inflation pressures ease. Q: How does the FOMC move interest rates? A: Its policymakers decide whether to buy securities from banks. The banks sell those securities to the Fed and receive money from the Fed which they can use to make more loans. That acts to lower the interest that banks charge for those loans. Conversely, if the Fed wants to raise interest rates, it sells
Treasury securities to the banks, pulling money out of the financial system and raising the cost for loans. The Federal Reserve Bank of New York is responsible for conducting these operations. After the financial crisis struck in 2008, the Fed pursued other, more unconventional steps to aid the economy. Among other actions, it bought more than $2 trillion in Treasury and mortgagebacked securities. The goal was to drive down long-term interest rates, to spur more borrowing and spending and lift stock prices. Q: Who’s on the FOMC? A: It’s composed of: — The Fed’s Board of Governors in Washington, which has seven members. — The president of the Federal Reserve Bank of New York. — Four of the remaining 11 presidents of the Fed’s regional banks. They serve one-year terms on a rotating basis. The current roster of voting members: Fed Chairman Ben Bernanke, Vice Chairwoman Janet Yellen, and Fed Governors Elizabeth Duke, Jerome Powell, Sarah Bloom Raskin, Jeremy Stein and Daniel Tarullo, all based in Washington; William Dudley, president of the Federal Reserve Bank of
New York; Jeffrey Lacker, president of the Federal Reserve Bank of Richmond; Sandra Pianalto, president of the Federal Reserve Bank of Cleveland; Dennis Lockhart, president of the Federal Reserve Bank of Atlanta; and John Williams, president of the Federal Reserve Bank of San Francisco. Q: How often does the FOMC meet? A: It regularly meets eight times a year at the Fed’s Washington headquarters. During the financial crisis, the FOMC also held emergency meetings, mostly by video conference. It also began holding some of its meetings over two days rather than one to allow more time for discussion. In May, the Fed said that for the rest of this year and next year, all its meetings will last two days. Q: Why are most of the FOMC’s rate decisions issued around 2:15 p.m.? A: Having a consistent time helps investors digest and react to the Fed’s policy decisions. Issuing decisions when the markets are open gives Fed policymakers instant feedback from investors. Q: Why are some of the FOMC’s rate decisions issued around 12:30 p.m.? A: For the first time in the Fed’s history, Bernanke last year began conducting regularly scheduled news conferences to discuss the
Fed’s economic forecasts. Bernanke now holds four news conferences a year, following the meetings where the Fed updates its forecasts. On days, like Thursday, when Bernanke holds a news conference, the Fed’s rate decision is announced at 12:30 p.m. instead of 2:15 p.m. Q: How are the FOMC’s rate decisions approved? A: By a majority of the 12 voting members. Unlike the Supreme Court, close votes on the FOMC are rare. It might unnerve financial markets if investors felt that the Fed chairman was unable to command widespread support for his policies. Twice last year, three members dissented from the Fed’s policy statement. It was the most dissenters in nearly 20 years. The three opposed the Fed’s efforts to keep rates at super-lows, for fear it could ignite inflation. Those three are no longer voting members. Q: How are Fed officials selected? A: The president nominates the Fed chairman and his colleagues on the board of governors in Washington. They must be confirmed by the Senate. The presidents of the 12 regional Fed banks are appointed by each bank’s board of directors, with approval from the Fed’s board.
READER PHOTO
Rosellen Halbert 86, of McLoud Rosellen Halbert, 86, of McLoud, died recently. Services will be at 2 p.m., Monday, Sept. 17, 2012, at the First Baptist Church of Newalla, with interment to follow at Dale Cemetery.
Pictured above is Creede, Colo. Submit pictures of your summer vacation online at www.news-star. com. PHOTO PROVIDED
BIBLE VERSE
SHORTCOMINGS
Remember now thy Creator in the days of thy youth, while the evil days come not, nor the years draw nigh, when thou shalt say, I have no pleasure in them; While the sun, or the light, or the moon, or the stars, be not darkened, nor the clouds return after the rain: In the day when the keepers of the house shall tremble, and the strong men shall bow themselves, and the grinders cease because they are few, and those that look out of the windows be darkened, And the doors shall be shut in the streets, when the sound of the grinding is low, and he shall rise up at the voice of the bird, and all the daughters of musick shall be brought low; Also [when] they shall be afraid of [that which is] high, and fears [shall be] in the way, and the almond tree shall flourish, and the grasshopper shall be a burden, and desire shall fail: because man goeth to his long home, and the mourners go about the streets: Or ever the silver cord be loosed, or the golden bowl be broken, or the pitcher be broken at the fountain, or the wheel broken at the cistern. Then shall the dust return to the earth as it was: and the spirit shall return unto God who gave it. Ecclesiastes 12:1-7
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September 14 A spaghetti dinner with all the extras is scheduled at Tecumseh City Hall, with proceeds to benefit the local March of Dimes campaign. Tickets are $6 if purchased ahead of time, $8 at the door. Dinner will be from 5 to 7:30 p.m. Tickets can be purchased at #9 Auto (two miles east of Tecumseh on Hwy 9) and Artzy Fartzy Gallery and Marketplace (610 N. Harrison, Shawnee) and at ERA Branson McKiddy in Tecumseh or by calling 405-598-8876. Liberty Baptist Church will host a Night of Intercessory Prayer at 7 p.m. All Prayer Warriors are welcome. We will pray for all churches, ministers, ministries and missionaries. An Indian Taco Sales will be hosted at the Sac and Fox Multipurpose Center on 10th St. and Harrison St. from 10 a.m. until 2:30 p.m. Taco dinners are $6. Delivery available on five orders or more. Proceeds will benefit Autism Spectrum. Call 275-1262 or 227-7197 for more information.
September 15 AARP Chapter 2654 will meet in the Liberty Baptist Church cafeteria. The board meets at 9:30 a.m., followed by the general meeting at 10:30 a.m. and then lunch for $5 at 11 a.m. The program will be speaker Virginia Brendle. Those attending are asked to bring a donation of
staple food items for those less fortunate. Come welcome the Shawnee High School Class of 1950 for their 62nd Class Reunion from 9 a.m. to noon at the Shawnee High School Alumni Museum. The Pottawatomie County Democrats will have the grand opening of their headquarters at 617 S. Beard (Beard & Farrall) at 10 a.m. Tom Guild, Democrat for 5th District Congress is the special guest. All Democrats are invited.
September 16 Earlsboro Free Will Baptist Church will hold Homecoming beginning at 10 a.m. Rev. Delbert Akin will be guest speaker. Lunch will follow the morning service, and singing will be in the afternoon. For more information, call pastor J. R. Reid at 405-535-3629.
September 17 Pottawatomie County Retired Educators will meet at Golden Corral at 11 a.m.
The guest speaker will be Citizen Pottawatomie Nation Vice-Chairman Linda Capps. All retired educators and retired support personnel are invited to attend.
September 19 There will be a dance at 10 a.m. at the Community Center on Park Street in Shawnee featuring Pete and the Park Street Band. All seniors are welcome. The Pottawatomie County Local Emergency Planning Committee will have its September meeting at 2 p.m. at the Heart of Oklahoma Exposition Center, located at 1700 W Independence in Shawnee.
September 20 The Individual Artists of Oklahoma will sponsor an open mic poetry reading at Benedict Street Market-
place at 7 p.m. Featured reader will be Ben Myers, winner of the Oklahoma Book Award for Poetry 2010. He is also a widely known and published poet and his essays on topics in poetry have received national praise. He is professor of English at OBU, and he resides in Chandler.
September 22 The Friends of the Tecumseh Library are having a benefit garage sale from 7 until 3 p.m. All proceeds go to the Tecumseh Library. Donations are still being taken. The sale will be at the Tecumseh City hall.
September 26 There will be a dance at 10:30 a.m. at the Community Center on Park Street in Shawnee featuring Pete and the Park Street Band. All seniors are welcome.
Resthaven Funeral Home and Cemetery Serving families for 80 years 44909 Highway 3 Shawnee, OK 74801 405-275-2200
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9/13/12 9:52:53 PM