Adios

Oak Bank is always looking for ways to improve its delivery of financial services to its clientele. This blog is just a small piece of that effort. But it appears it is adding little value to your overall experience with us. Therefore, discussion is being held regarding whether to continue this. Stay tuned.

Am I Wasting My Time

I often wonder if the time, though brief, I spend on adding to this blog is worth it. Does anyone really read it? I know our security prevents readers from being able to respond on this blog, but you can e-mail me at rgorsuch@oakbankonline.com.

Keep the flood victims in your thoughts and prayers.

Stay Positive

Boy, it is tough to keep a positive attitude with all this weather being piled on top of gas prices and rising food costs. This morning a woman was interviewed by one of our local TV stations. Her home was flooded in the LaValle area. While having to cope with her problems, she was able to smile and comment that many people have it a lot worse. Don't we really have to remind ourselves of this!

Americans have a history of pulling through the toughest of times. When things get tough, we get tougher!

No Call

If you have not already done so, you may want to register on the Wisconsin No Call List. You can go to www.nocall.wisconsin.gov or call 866-966-2255 to register your phone numbers, including your cell numbers.

Keep all those folks currently under water in your thoughts.

Dane County Day Trips

In 1996, former county exec, Rick Phelps, wrote 5 articles for "The Capital Times" on Dane County day trips that are off the beaten path. I have copies of those articles. If you'd like a set, e-mail me at rgorsuch@oakbankonline.com.

A Great School System

I have 5 grandchildren who live in the Evansville, Wisconsin school district. Over the years my wife and I have had many opportunities to attend musical and drama events at the grade, middle and high schools. What an impressive program! A high percentage of their student body is involved in either the concert band, jazz band, choral groups or plays. And believe it or not; they still have a Christmas program!

If our entire education system had the leadership and parental involvement that Evansville experiences, we would have a lot fewer problems in this great country.

Indy 500

I spent the Memorial Day weekend in Indianapolis visiting my sister and her family. While there, we also took in the Indy 500. Now I am not a big race fan. But this was some spectacle. Over 250,000 at one event! The crowd was definitely supportive of Danica Patrick and Sarah Fisher's attempt to win it. Neither finished. The 33 cars that started the race use 100% ethanol.

It is good to see patriotism in action. Prior to the race, members of our armed services are motored around the track in slick Chevy pick ups. As they went around everyone stood and applauded. Very touching.

We Need To Remember

I have quite a few pictures, plaques and framed certificates hanging on my walls in my office. The one I am most proud of is my Honorable Discharge certificate from the U. S. Army. I served in Missouri, Korea and Texas from May 1959 to May 1962. And yet, I know I take for granted the freedoms I have because of the sacrifice of lives by many, many men and women who have served this great country. Let us all pause and reflect on the positives of living in this great land. There is too much negativity in the media.

Thank God for America!!

Morels & More

I've had my first taste of morels for this year! Two of our clients who know of my love of these tasty morsels brought me a mess. I love to pick morels but have a problem finding them. People who know where to find them protect the location like a trout fisherman protects his favorite trout hole!

I'm off to Hayward this afternoon. Our Zor Shrine has a big event there over the weekend. I have been thru Hayward, but have never spent any time getting to know the area. Perhaps this weekend.......

Our thoughts and prayers include the families who have lost loved ones in the med flight crash.

Housing Boom & Other

On May 6 an article in "The Wall Street Journal" claims the housing crisis is over. The article stated that April 2008 will mark the bottom of the U.S. housing market.

I just returned from 3 days in the Eagle River area. It is a very beautiful area. On Saturday morning we couldn't get off the first tee on time due to frost on the greens. But it warmed up and we had a beautiful day. We saw a pileated woodpecker which are pretty rare. A magnificent bird!

I kind of think we have seen the last drop in interest rates by the Fed. As gas and food prices trend upward, it is going to be interesting to watch inflation numbers. Any show of an increase in the CPI could well lead to increases in rates late this year (after the election) or early next.

Annual Shareholders' Meeting

Tonight is our 8th annual Shareholders' Meeting. It will be held at Promega in Fitchburg's research park. My comments to the shareholders' present will stress that the current economic news is reminiscent of previous challenges to the community banking industry. In the 70's we had the real estate problems; in the 80's the ag crisis and another commercial real estate downturn.

The banks who focus on sound credit principals during good times will survive the bad. The FDIC is predicting about 100 bank failures as a result of the home mortgage situation. Those 100 banks probably did not ever think the business cycle is a cycle. What goes up, must come down.

Been A While

Wow, almost a month since last posting. People who periodically look at my blog tell me I'm too brief and don't post often enough. Brevity is part of my nature, I guess.

Last night Carol and I were honored by the Juvenile Diabetes Research Foundation. There are a lot of more deserving supporters of that great organization, but we are proud nevertheless. I was surprised by having my sister, Sandi, from Indianapolis, and her daughter, Susan, from the Washington, D.C. area, show up for the occasion. It was a marvelous evening during which over $350,000 was raised for diabetes research. I just have a feeling we are not far from a cure for this "silent" disease. In fact, Dr. Hans Sollinger, noted transplant specialist at UW, told Carol and me last night that he also feels we are not far from a cure. Let's pray.

Yesterday was also the funeral for Jodi Lou Barlow Rickert, a former personal banker here. It was a sad day. Our Jim McNulty did a wonderful talk on his reflections about Jodi. Jodi was only 36 years old and leaves a infant daughter, Sophie, husband Ray and parents. Knowing we will all be together again gives us hope, doesn't it?

Well, a little longer than usual. Life is good!

Taking A Break

I don't know about you but I am ready for some warm weather! One of the fun things to do this time of year is drive or bike on the back roads of Dane County. If you have an interest in copies of six articles written by former Dane Co Exec Rick Phelps on neat drives in Dane County, e-mail me at rgorsuch@oakbankonline.com.

Another Opener

I've been going to Brewer openers for 33 years. I recall that two of those 33 were "nice" days for baseball. Today would have been another. But with the roof, weather is not near the factor it used to be.

Economic news continues to dominate the airwaves. We are fortunate to live in a community that is somewhat economic downturn resistant. If one listens or reads about all the economic woes that presumedly exist, it is difficult to not find yourself putting off purchasing decisions, isn't it?

Badgers

With new milestones being reached in snowfall and deaths in Iraq, we should be thankful for the Badger men's basketball success! It certainly helps us keep a positive attitude, doesn't it?

Interest Rates Keep Falling

One has to ask if more interest rates are coming. Probably yes, but my guess is not many. With inflation running higher than the Fed wants it to be, two of the Board of Governors voted against the recent 75 basis point drop. I'm not sure lower rates is the answer. While we are not one, many banks are unwilling to take on credit risk due to a lack of confidence in the economy. No amount of rate cutting will change that.

My Take On Spitzer

All I can say about about the Spitzer ordeal is people who live in glass houses should not throw stones.

Bill Wineke's column in this morning's edition of "The Wisconsin State Journal" left me a little confused.

On another matter, I hear that another bank is considering entering the Madison area market. I fail to understand why outside banks want to enter a market where the margins are already so thin. Maybe it is because the new banks have done so well during the past decade.

A Beautiful State

With all the negative vibes we continually get through the media outlets, one tends to forget the beauty of the creation that surrounds us! As I drove to and from Eau Claire this past weekend I could not help but be taken in by the beauty of our state. One of the joys of road biking is watching the countryside change from winter to spring to summer to autumn.

A Tear Is Shed

Like many watching yesterday's Brett Favre press conference I shed a tear. He just gets it, doesn't he? Be it the game of football or the game of life, he gets it.

Another Farewell

The media is fixed on Brett's retirement. And why shouldn't they? I have witnessed the retirement of Al Kaline of the Tigers; Robin Yount of the Brewers; Ted Williams of the Red Sox; Mickey Mantle of the Yankees; Bart Starr of the Packers, among others. But none of these were felt with the emotion that I am experiencing now. Over the last 16 years there have been lots of ups and downs in Wisconsin and the U.S.A. But the one constant has been # 4. God bless him and his family.

Mortgage Woes

I am often asked if Oak Bank is being impacted by the sub-prime mess. A short answer: No. We service over a thousand mortgages and not a one is past due.

Special Places

I have a series of articles written by former Dane County Exec Rick Phelps in which he details day trips within Dane County that are off the beaten path. If anyone wants a set of those, e-mail me at rgorsuch@oakbankonline.com.

Think Positive

This weather can turn the most optimistic personality toward negativity. But hang in there. The sun will come out; the snow will melt away; and we will be enjoying warm weather. It will happen!

Brrrr

Looks like we set a new seasonal snowfall record tonight. This is the kind of winter I grew up with in the U.P. of Michigan. Even they, though, got tired of shoveling and snow blowing by the first of March.

Super Tuesday After Super Bowl

I looked forward to last Sunday's Super Bowl football game a lot more than I look forward to today's Super Tuesday. When the final whistle blew on Sunday, I knew the outcome of the game. After today, I will still be doubtful about any of the candidates being able to deliver on all their promises.

What A Game

The Wisconsin/Indiana men's basketball game last nite was a prime example of the quality coaching these young men are getting from Bo Ryan. I continue to be impressed with how he gets so much out of his men. They are the true epitomy of "teamwork!"

Now, Giants beat the Patriots!!

Out of Mourning

Well, it has been a week and one day since that cold day in Lambeau. I am pretty much out of mourning and mildly interested in the outcome of this Sunday's Super Bowl. Never in my sports spectating life have I witnessed the change in emotion that I witnessed in Lambeau that day. If you have not seen the Rep play, "Musky Love" you need to go. In it the love for our Packers is acted out in a fun and humorous way.

It won't be long and the Brewers will be in action!!

Stocks May Be On Sale

It's interesting that when department stores have sales, people flock to the store to find bargains. I happen to feel stocks may be on sale right now. In looking at recessions in the U. S. going back to 1953, the average recession lasts about 10 months. During these recessions (nine of them) the S&P 500 dropped an average of 25.6% from its peak prior to each downturn to its trough during the recession. It is down 9.8% already in January. According to the January 21, 2008 edition of "Barron's", a feeling that a full-fledged recession is now priced into the bond market and is increasingly priced into stocks is being expressed by investment strategists.

So it might be a good time to go shopping!

Economic Concerns

One of the problems with living in Dane County is that we are quite insulated from the real economic world. Our steady and growing employment base is one of the best in the nation. And while one gets unduly pessimistic if you get all your news from the electronic media, I do feel there are some concerns about 2008. Rising energy and healthcare costs could result in reduced customer spending. However, one thing I think we often forget is how powerful the international economies are to us. Bottom line: there may be lots of opportunities in the equity market right now.

Off To The Outback Bowl

I leave for the Outback Bowl this Saturday a.m. I'm traveling with the UW Alumni Association who always does a great job on these trips. My entire family just spent an entire weekend at the Wilderness Lodge & Water Park in the Dells. We all stayed in one cabin, a large one! A great, if expensive, weekend. I recommend it!

Here's an early wish for a very healthy and successful new year for you and yours.

Ice On The Roof

Like many other homeowners around here, the snow on my home's roof is creating ice build-up. No leaks yet. Bought a roof rake; hope it helps! They don't build around here like they do in the U.P.

Jared, Brett and Deana

Jared was a little boy aged 8 years who had leukemia. He lived in Evansville, Wi and was a big Packer fan. On December 8 Deana and Brett Favre called Jared. They had become aware of Jared's illness through an e-mail sent to their web site by one of my daughters. Jared's parents said there was a look in Jared's eyes they had not seen for some time. Jared died on December 9. At Jared's wake, there was a large bouquet of white lillies from the Favres.

If you haven't had a chance to read the December 10 edition of "Sports Illustrated" try to get a copy. Brett is on the front cover as Sportsman of the Year. We often hear the bad about pro athletes. People like Deana and Brett Favre are a blessing.

NFL Network

I don't know about you but I am about to go to the DISH network!!

Giving Blood

I'm donating plasma today at American Red Cross. If you don't already give blood on a regular basis, I highly recommend it. It's kind of like getting the oil changed in your car!

Happy Turkey Day

What a great country we live in! Despite the negativity of news media, we have so many things to be thankful for. But we must not be complacent. There are threats to our way of life. I still feel two of our most important freedoms are the right to vote and the right to a trial by a jury.

Happy Thanksgiving. God bless you all.

Badgers & Packers

If you are a football fan, isn't it great to be in Wisconsin! Unless the Badgers fall on their face against Minnesota, they should get invited to a nice bowl game. And the Packers ae surprising everyone!

It looks like the worst of the subprime mortgage crisis is just ahead of us. It looks like we will see the most effect of higher rates for borrowers as their loan rates adjust during the first four to six months of 2008. Five years ago some lenders were offering teaser rates that enabled many to buy homes. Now with the adjustable rates kicking in at much higher rates than the teasers, they are finding it almost impossible to make the higher payments. Lots of "ouches" out there.

A Great Weekend and A Great Day

How about those Badgers and Packers!!!

And the weather outside today? Unbelievable!! Get out and enjoy.

Neat Website

The space shuttle is returning to earth today from the International Space Station. It is probably too late for this time, but a great website to tune in to for live coverage of these space ventures is: http://www.nasa.com/.

Big Game

I anxious for tomorrow's Ohio State/UW football game. I think we will finally see what kind of team Wisconsin really is. I know our expectations were high at the beginning of the season. Tomorrow will tell us whether our expectations were too high!

Big Ten Network

A lot of talk is going on about the BTN (Big Ten Network). Last night I heard Barry Alvarez tell a group of Badger boosters that a 20 year contract has been signed with the Fox network for the BTN, so this issue is not going to go away. I am debating whether to switch from Charter cable to either Direct TV or the DISH programs. What I am strongly considering is keeping Charter; adding either DISH or Direct TV for the football and basketball season; then dropping BTN till next season.

We'll wait and see.

Bet You Thought I've Been Lost

Wow, over two months since I posted anything! T'is a beautiful time of the year. Autumn has always been my favorite season. It tends to be the one season in Wisconsin that lives up to its expectations. I am still road biking. Not the extensive training I went through this summer; just nice, casual rides of 20 - 50 miles. I am debating what to do this winter to stay in reasonable shape.

With the exception of the housing market, things economically look pretty good. Probably another 1/4 point drop in short-term rates coming. I "bleed" for those who have purchased a new home and had not sold their current home. Many are still sitting on their current home, and therefore, burdened with two loan payments. Ouch.

I've been watching the space shuttle and its docking with the International Space Station. Live! It is fascinating. Go to http://www.nasa,com/.

Withdrawal

I took my first ride today since returning from Montana. Just rode out to Paoli and back. A piece of cake! If you have not been to the organic food store next to the pub there, I recommend it.

Made It!!

I'm back and alive! What an awesome experience last Saturday! Completing my first century ride was part of the experience; the most important part was the cause and the people who were involved in the ride. It was all about juvenile diabetes and the kids. The commitment by parents, friends, grandparents, staff and others who have been touched by the disease is just plain and simply --- amazing!

Never in my life have I been around a more energetic and enthusiastic group of people. And the riders from the Western Wisconsin Chapter of JDRF (which includes Madison area).. what can I say. I love them all.

And my grandson and daughter.... I will remember this for the rest of my life. Hopefully they will, too.

This is It!!

The week has finally arrived. I am actually getting a little anxious about the upcoming ride. The other day when I had to drop off by bike for shipment to Whitefish, I actually experienced a little saddness. It was like leaving a friend to fend for their self. Now I am relegated to riding a 40 year old 10 speed (man is it heavy!) or my mountain bike. As I look outside now and the falling rain, it becomes questionable if I will get in another ride before flying out this coming Wednesday a.m.

I will let you know how the ride goes. There is a little concern about the forest fires out there and whether the smoke will affect our routes and length of ride.

Montana Bike Ride

Here it is August! This is the month I see if all my bike training pays off. I have logged over 1,600 miles so far this summer and am in the best physical condition I have been in many years. I have found roads in Dane, Green, Rock and Columbia counties that I did not know existed. Thanks to the dairy industry, Wisconsin has paved roads where in most states you would only find gravel. What a beautiful area we reside in! Truly God's creation.

On August 25 I will do the Whitefish, Mt 120 mile ride for Juvenile Diabetes Research. My oldest grandchild is type 1 diabetic and he and his mother (my daughter) will also be doing the ride. They have already raised their $4,000, which is the minimum expected from each of the 200 riders. If you have an interest in learning more, go to http://ride.jdrf.org/index.html. The rider is Robert Gorsuch. And any donation is tax deductible. Hopefully a cure for this silent disease is near.

More on Riding

I continue to put on about 130 miles per week bicycling around Dane County. The other day between New Glarus and Paoli, three pheasants took off in front of me. The third one didn't miss nailing me by very much!

I continue to be fascinated by the natural beauty that abounds in our rural areas. Back in 1996 County Exec Rick Phelps published a series of articles in "The Capital Times" covering 5 trips you and your family can take to explore Dane County. You can do this by auto. If you would like a copy of the 5 articles, please e-mail me at rgorsuch@oakbankonline.com and give me your mailing address.

Biking Update

Nothing very exciting to relate about recent rides. I did do an enjoyable ride this past Saturday with a group of riders who will be riding in various Juvenile Diabetes rides. It was interesting to hear of one's ride last year in Death Valley. That same rider is doing Sonoma Valley in Calif. this year. Visit http://ride.jdrf.org/index.html. You may want to consider a donation to this worthy cause. By typing in Gorsuch you get to my info.

62 miler

Last Sunday I did a 62 mile ride. Went from home in Fitchburg around northside of Lake Monona; out to Cambridge and back; around southside of Lake Monona and home. For the first time since I have begun training for the Montana ride, I kind of hit a wall. Actually had to walk the final 100 yards of a couple of steep hills. And my keester got a little sore. The good news is that this ride was more than 1/2 of the actual ride we will do in August in Montana.

Contributions to Juvenile Diabetes Research Foundation are beginning to come in. And they are tax deductible.

Ride for JDRF in Montana

Well, I'm back. What I'd like to share with you are my experiences in preparing for and riding 120 mile bike ride in one day on August 25 in Whitefish, Montana. This is a fund raiser for Juvenile Diabetes Research Foundation.

So far I have rode over 650 miles in preparation. I ride on Tuesdays, Thursdays and weekend, weather permitting. So far I have ridden in 40 degree, windy and cold weather; 50 mile wind gusts; 85 degree, high humidity days. My long ride has been 55 miles. These are road miles not bike trail miles.

I never realized how much there is to learn. As a kid you jump on a bike and away you go. Now you have bikes you can lift with two fingers and many gears. I have fallen twice while learning to use the clipless pedals. Why do they call them "clipless" when they have clips?!!

The sensory sensations while riding through the Dane County countryside are something else. As it is common to ride similar routes, it is almost spiritual to watch the changing trees and fields from week to week.

Tonight my daughter and I hope to ride with others who will be doing the Whitefish ride. Short ride of 25 miles to Paoli and back. Then will probably do another 12 miles around here.

More to come.

Aloha

I am finding it difficult to keep my blog active. So I must advise you that I won't be posting to my blog as often as you might like.

Economic Outlook

After 17 consecutive rate hikes that saw the federal funds rate climb from 1.00% to 5.25%, the Federal Reserve has elected to hold the rate stable for the past five meetings. The Hovde Group believes a balance of economic conditions exists today that is likely to persuade the Federal Reserve to maintain its current interest rate stance throughout most, if not all, of 2007.

Interest Rates

Generally speaking, money managers are not anticipating that the Fed will cut interest rates anytime in the near future. Economic growth is quite satisfactory right now, despite what might be called a near-depression in housing; and inflation is inching down, not up. So why would the Fed want to change course? (Answer: it doesn't.)

Sound Advice

Once a year I call Dean Med Center's hearing people and get a simple hearing test via the telephone. The number is 252-5252. I think it is a good idea to test your hearing periodically and this is an easy way to do it. Try it.

State of the Union

Lots of comments about last night's State of the Union message from President Bush. One of many questions I have is whether diplomacy can work with the radical people we are dealing with? Can we change their life-long objective that has existed long before 9/11? I just don't know. I am one who likes to list pros and cons to any decision; they base my decision from that. Don't know which side of the t-account would have the most entries.

Interesting Web Site

Love this snow!! Here's a web site that people who play the market might find of interest.... www.GuruFocus.com.

How About Those Badgers?

If you weren't at the Kohl Center last night for the UW/Ohio State men's basketball game, you missed something special. Despite not getting the respect we deserve from the media, we are a very good basketball team. But Ohio State is going to be real special come NCAA tourney time.

Focusing on Growth

In a recent survey of U. S. business leaders, and distributed by Grant Thornton, 18% of businesses surveyed cited growth as their number one priority, and 63% put growth among their top priorities. 61% say delivering a unique value advantage is a challenge to growth.

Back from Orlando

Our trip with the UW Alumni Assoc to Orlando for the Capital One Bowl was great. We saw the Badgers beat Georgia in men's basketball on Sunday, 12/31 and watched the Pack take care of da Bears at Sea World on New Year's Eve. The Bowl game was a real defensive battle. But the best team won!

Happy New Year!

2006 Done - Hello 2007

I'm off to Orlando for the Capital One Bowl game tomorrow. So here's an early new year's wish for you. We all need to pray for good health and happiness in 2007. Everything else in secondary.

And let us not forget all the children around the world who do not share the many blessings our children and grandchildren enjoy.

Life is good.

Merry Christmas

May this Christmas be meaningful to all of you.

Lack of Interest in Interest Rates

As expected, the Federal Reserve Board left unchanged the discount rate, which is the rate that dictates short term ( less than one year) interest rates. Predictions are that these rates will be down 50 basis points (1/2 of one percent) by the end of 2007. But keep an eye on inflation talk. If inflation fears pop up, look for higher rates.

Wisconsin - Marquette

Tomorrow is the big game! The winner of the UW - Marquette men's basketball lays claim to being best team in the state. And winning helps the recruiting battle for Wisconsin kids. Go Badgers!

Iraq Study Group Report

The newly released report from the Iraq Study Group is available on the web. 160 pages. You might want to take a look at as I am sure we are going to hear plenty about it over the upcoming weeks.

Didn't Get Completely Missed

Whoops, we did not get missed entirely by the snow storm. But one must admit it is pretty out.

Also, the big house fire in Fitchburg this a.m. reminds us all for the need for smoke detectors and batteries that are charged.

Darn, We' Be Missed

Wouldn't you know it? First big snow fall of the season and we are going to be on the edge of the storm and only get 2 - 4 inches. Hard to tell I am from the U.P. originally, isn't it?

Getting Ready for The Snow

1 - 3 inches of snow predicted. Great! As long as it is going to be cold, we might as well have some snow. Cold and bare ground is a big yuk!

Letter From Dad

I just came across an article from the Sept 26, 1985 "The Capital Times." The subject of the item was how a letter from dad will be cherished by a student going off to college or a child leaving for military duty. It said: "Letters from dad are cherished and treasured. Letters from mom are important because they usually contain everyday family news, but dad's seem to write different things and it's a nice type of support." Hey dads, write our kids.

Partially Back to Normal

Well, the election results are in, except for the possible recount of the state Attorney General's race. Some thoughts:

While happy the pre-election ads are gone, now we have to listen to all the post-election analyses. Life goes on. I am still convinced elections at our city, town school board, county supervisor levels have a greater impact on our daily lives than those that get the most media attention. And one thing more: if you want good representation at every level of government, get involved! Run for an office yourself; or help find what you feel would be a good candidate. And finally, I believe the two greatest rights we have as Americans is the right to vote and the right to a trial by a jury.

Enjoy this late autumn.

Year End Chores

November 28 is the last day you sell a security for a loss and still be able to repurchase it by year-end and avoid the wash sale rules.

Shriners' Hospitals

One of my big involvements is with the Shriners and their 22 Children's Hospitals. I often run across individuals who would like to know more about how to become a Shriner. If ever interested, I can be contacted at rgorsuch@oakbankonline.com.

God's Country

I recently spent a week in the Eagle River, Wisconsin area. I was with a group of 10 guys who played golf at 4 different golf courses during the week. Highly recommended for your play is the White Tail Golf Club on Hwy 70 near St. Germaine. It is one of the, if not the most, beautiful golf courses I have ever played on. And right across the street is a great place for steaks called Blink Bonnie. But be prepared to wait. They take no reservations.

Summer's Over

Well, today is the last day of summer. I don't know about you, but Autumn is my favorite season. The smell in the air; the beauty of the changing leaves that reminds us of our temporary existence; football; playoff baseball followed by the World Series. And the enthusiasm children have as they meet new friends and teachers at school. Autumn is THE season.

God's Place

I just returned from a few days at Flathead Lake Lodge in Montana. It is near Glacier National Park. This lodge is a five star!! And Glacier Park, if you have not been there, is a place you must visit in your lifetime.

Five years ago on September 11 we were a one year old bank. Like you, I recall exactly where I was and what I was doing that morning. May we never experience anything like it again.

What stands out in my memory was Judy McClain leading us in prayer on the national day of mourning that followed 9/11.

Not Doing A Good Job

I am really falling down on my blogging responsibilities! Since I last visited this blog, I have travelled to Regina, Saskatchewan and Dallas, Wisconsin. Yes, Dallas WISCONSIN. Regina is a beautiful city, but the surrounding area is so flat you can see your dog run away for two weeks. And Dallas, Wi is much preferred over the other one in Texas. Tomorrow we leave for Flathead Lake Lodge near Glacier National Park in Montana. I'll let you know about that trip later. Will be on Amtrack for 26 hours each way!

Have a great Labor Day and I'll visit with you soon.

The Anti-Investment

Reducing debt is investing. How? Take a look at the next credit card bill. If you are like most Americans, you carry a balance each month. Then look for the "APR" (annual percentage rate) and compare that with what your investments are earning. Chances are the APR is higher. So paying off your credit card probably is the best investment for you.

Reading Recommendations

Here's a couple books I have read lately that I highly recommend. (1) "Chasing Daylight" by Eugene O'Kelly and (2) "The World is Flat" by Thomas L. Friedman. O'Kelly was diagnosed with inoperable brain cancer at age 51. The book is his account of how he lived his final 100 days. Has application to all of us!! You can read it over the weekend.

The other book brings amazing information to your attention about how technology is changing our world. It is good bed time reading but very informative.

We Live In A Great Country

Despite America's weaknesses, we are still the greatest country to live in on the face of the earth. I fear many of our citizens have forgotten or ignore the sacrifice thousands have made to preserve the freedoms and liberties we enjoy daily. I thank God for this great land. May all of us pause during this Independence Day and give thanks to our many blessings.

The World is Flat.

Here's a book recommendation: "The World Is Flat" by Thomas L. Friedman. But hurry and read it; it may be irrelevant soon!

Gas prices getting you down?

Check out this site to help you find the lowest gas prices in town.
http://www.madisongasprices.com/

Bob

'Chasing Daylight' by Eugene O'Kelly - New York Times

'Chasing Daylight' by Eugene O'Kelly - New York Times

This is an interesting book. Click on link to review.

Fake Checks: Don't Get Fooled

Fake check scams are on the rise. The best defense against this con is to be wary. Remember the old saw about everything being too good to be true?

While there are many variations of fake check scams, they all usually start with someone offering to: buy something you advertised for sale; pay you to work at home; give you an "advance" on a sweepstakes you've won; or give you the first installment on the millions you'll receive for agreeing to transfer money in a foreign country to your bank account for safekeeping.

If you think someone is trying to pull a fake check scam, report it. Consumers can visit the National Consumers League's National Fraud Information Center or call them at 1-800-876-7060.

Time Flies

Golly, it has been over a month since I have "blogged!" I voted today. Not many contested races on the ballot. I did do something I have never done before.... I wrote in a person for my county supervisor representative. The current rep has no contestant and I wanted to show my independence. People have no right to complain about their elected officials if they fail to vote. Yet, only about a 15% turnout expected in Fitchburg.

Deposit Insurance Coverage

I do not feel anyone needs to be concerned about how much they have in deposits at Oak Bank that are not covered by federal deposit insurance corporation coverage. And it is a fairly complicated process to go through to determine what is not covered if you have several different accounts here. There is a website that will lead you through the determination. Go to http://www.fdic.gov/deposit/deposits/index.html. Click on the "Walk Me Through" link. Good luck.

Sound Advice

Dean Medical Center offers a free hearing screening. Just call 252-5252. Kind of interesting for those of us who hear from our spouse that we have bad hearing!

Just Thinking

Yesterday we learned that one of our associates has been diagnosed with cancer. Again, we are reminded that there are no certainties in life other than we all know that one day we cease to exist here. One has to wonder why we just go on sweating the small stuff. This morning on TV I was reminded that 27,000 children died of starvation in this world last night. And an editorial this past weekend on the Hamas election in Palestine reminded us of the potential consequences of that. One could get depressed! But let us not forget that we still live in the greatest country in the world where we are free to live our lives as we choose. And worship as we choose. But all this comes with a responsibility - to work to make this world a friendlier and warmer place for all. Thanx for listening. Just had to get some things out today.

Ground Hog Day

Whether the groundhog sees its shadow today seems different this year. Usually we have had our fill of bitterly cold weather. But how does one complain about a whole month of January where the temperature was 30 degrees or warmer every day! I continue to get e-mails from friends in Florida telling me how warm it is there. Well, I'm headed for the U.P. of Michigan this weekend. Hopefully there will be plenty of nice snow for snowshoeing and cross country skiing. There is always something refreshing about sitting around a wood burning stove after a day outdoors in God's creation.

Good Read

If you haven't read "Good to Great" by Jim Collins, you should. The theme of this non-fiction book applies to any organization.

Bob Gorsuch 

Of Course, A New Year's Resolution (or two)

It's 2006! The year will be filled with opportunity for those who want to do things better than they did in 2005. Here are some thoughts on how to implement better practices.

1. Focus on the "Insignificant 95 Percent." Culture drives profit. If you want more profit, you must create a culture where people are passionate about their work, and bring their pass for being the best in the door with them daily. Don't miss the important things you should be doing by focusing on the 95 percent of stuff that really doesn't contribute to the bottom line.

2. Get the right people in the right seats on the bus. Career path people into a slot where they can win.

3. Celebrate systematically. Life is hard and filled with opportunities for people to tell us how we did things wrong. To counteract "life," build frequent rituals of celebration that make a big deal of the small milestones you achieve on the way to accomplishing bigger goals. Celebrating success builds confidence. Confident people keep growing. Organizations that grow are filled with people who are growing.

Happy New Year!!

IRS Warns of Bogus Tax-Refund E-Mail

The Internal Revenue Service has issued an alert about an Internet Phishing scam in which consumers receive an e-mail, purportedly from the IRS, informing them that they are eligible to receive a tax refund for a specific amount. The e-mail, which claims to be from "tax refunds @irs.gov," directs the consumer to a link that requests personal information, such as Social Security numbers and credit card information. IRS officials stress that the agency does not ask for personal identifying or financial information via unsolicited e-mails. Anyone receiving such an e-mail should not open any attachments because they may contain a malicious code that will infect your computer. Call the IRS at 1-800-829-1040 to determine whether the agency is trying to contact you about a tax refund.

Cost of 12 Days Up 6%

"The twelve days of Christmas" will cost $18,348 this holiday season - a 6.1% increase over last year - according to the 21st annual PNC Christmas Price Index. The tongue-in-cheek tabulation of what it would cost to buy five golden rings ($325), hire 12 Lords a Leaping ($10,947) and make all the other purchases mentioned in the traditional holiday carol are substantially higher due to this year's increased shipping, fuel and handling costs. The survey found these costs closely follows the overall Consumer Price Index trends. PNC Advisor Rebekah McCahan says "to think that the cost of a partridge in a pear tree would mirror what's going on at Target, for example, is pretty interesting.

Life's Treasurers

I came across a good quote the other day. Winston Churchill said: "We make a living by what we get, but we make a life by what we give."

Cash & Checks Decreasing

Cash and checks now account for only 45 percent of consumers' monthly payments -- down from 57 percent in 2001 and 49 percent in 2003, according to a study by the American Bankers Association. The study found that 33 percent of in-store purchases are made with debit cards. Gift card use is increasing rapidly. 4 percent of all in-store purchases in 2004 were accounted for by gift cards. 52 percent of consumers use automatic payment to pay at least one bill per month, and 39 percent use online bill payment.

Weight Loss - Strategies that Work

If you go to www.nhlbisupport.com/bmi/bmicalc.htm you can calculate your body mass index and determine how much weight you should lose to achieve the "perfect look." According to the Mayo Clinic Health Letter many products offer a simple solution to losing weight, but there is no easy answer. The healthiest way to lose weight requires making changes in your diet and exercise routines and committing to them over the long term.

Nobel Prize

News From The Associated Press

I'm always impressed with the rapid pace of technological advancements in the banking industry. I always find it interesting to learn about the Nobel Prize winners as a reminder that advancement is occurring rapidly in all areas of life.

Bob

Natural Disasters

I am constantly reminded of what President Lincoln told us all more than 140 years ago: "Leave nothing for tomorrow which can be
done today." Those words continue to guide us all as we face incidents that challenge our age, and the 21st century.

Bob

madison.com | archives: We Have Bond With Hurricane Victims

http://www.madison.com/archives/read.php?ref=wsj:2005:08:30:487954:FRONT

Today I'm feeling awfully blessed as others, less fortunate are being affected by tornados and hurricanes. Count your blessings and perhaps, if you can, reach out and help others in need.

Bob

Moral Intelligence : Home

Moral Intelligence : Home

I found this web article meaningful. Hopefully, you will, too.

Thinking About Banking

I see that the U. S. Treasury is bringing back the 30-year bond. The U.S. stopped issuing 30-year bonds in 2001 and restart during the first quarter of 2006. It will appeal to those looking for longer term, safe investments. Oh, by the way, recent survey results show that 48% of consumers trust banking the most among six industries to protect their personal financial information. Fourteen percent said they trust the stock brokerage/mutual fund industry the most, followed by real estate (12 percent), insurance (9 percent) and online merchants (1 percent). Thirteen percent of consumers said they do not trust any of the listed industries. Oh well, can't satisfy everyone!

Scholastic.com

Scholastic.com

Having 4 daughters of my own and grandchildren, I hear a lot about neat websites for parents. This is one of them! You may find it useful, too.