Show Wednesday January 1 2003 A4 The Herald Journal Why I’m optimistic PIPMT LIKE &OW&TOF PES16NS &R THE ViTC BTrtER? CifcK THESE OUT: WEjKDLV CPNT0RTCP FdRMS ROTATE AROUND EACH OTHER MAWN(S IT IMPOSSIBLE FOR HERRORISTS-I- X? TENANTS— TO KNOW WHERE ANY BUiLPlNfi IS AT ANY IS SHAPED LIKE A DIFFERENT EACH &ILPIN6 ETHNIC fOCQ REPRKENTINGTHE about economy CULTURAL DIVERSITY OfH EWYoRKr -- 66 By Lou Dobbs Tribune Media Services I wrote a column a lew weeks why economists and busiasking ago ness leaders are so negative Things aren’t nearly as bad as many of those people would have us think Since then however there have been sev- eral significant developments Thcholiday retail season was a disappointment reportedly the worst in 3(1 years The Santa Claus rally on Wall Street hasn't materialized The major stock indexes in fact arc on track for their third straight year of decline That hasn’t happened since 1941 And household net worth declined by $5 trillion in the past three years according to Merrill Lynch In THE addition new geopolitical prob- lems have emerged North Korea has moved to reopen a plant that could plutonium produce weapons-grad- e The situation with Iraq grow s more tense And the threat of future attacks continues to loom from I still believe there's loo much I)o negativity'' I do That’s not to say 2(X)2 wasn't an extremely difficult year for many people this atypical recovery has been stubbornly slow and difficult to predict However many fundamentals of this economy appear to be steadily improving as reflected in several recent economic reports This atypical recovery has been stubbornly slow and difficult to prcdic However many fundamentals of this economy appear to be steadily improving as reflected in several recent economic reports For example economic growth in the third quarter — as measured by gross domestic product — was rev ised higher from 3 percent to 4 percent Worker productivity over the past 2 months grew at the strongest ate since 966" Layoffs through the end of November (the most recent data available) are running 23 percent below the levels of a year ago according lo Challenger Gray A Christmas Mortgage rates have fallen hock to record lows The fixed mortaverage rale on a — the lowis now 393 percent gage Those lower est rale since mortgage rales helped push sales of new homes to a record high in 1 V)-ye- l5 November And despite the dismal yearly performance by the major stock indexes investor opiimism rose in IX'centber for the second straight month according to the UBSGallup poll of investor attitudes More than half of those surveyed say now is a good time to invest And nearly 70 percent This atypical recovery has been stubbornly slow and difficult to predict However many fundamentals of this economy appear to be steadily improving as reflected in several - recent economic reports lor respondents say they are opti' mistic that 2003 will he heller for the financial markets than 2002 We can also expect that leaders in Washington will take steps to try to make sure mat next year is better for working Americans For example law makers are expected to act smin to extend expiring unemployment benefits And any new economic stimulus package may contain provisions designed to help working families such as increasing contribution limits for 401k and IRA plans expediting increases in the child tax credit and raising the amount of capital losses that investors are allowed to deduct The Bush Administration will be pulling in place its economic team headed hy three very capable and respect'd individuals: John Snow who will lead the Treasury Department: Stephen Friedman who w ill serve us chief economic adviser: and William Donaldson who will chair the Securities and Exchange Commission Naming a new SEC head should help speed the process of implementing corporate governance reforms — an important step in rebuilding investor confidence Will we see a return to the dizzying growth of the late ‘‘Ms'' It’s unlikely The technology and tclc- com boom was unfortunately an anomaly However the economy is showing some signs of improvement and that’s something the prognosticators can he positive about Lou Dobbs is the anchor and managing editor of CNN's “Lou Dobbs Money- loucnncom line" This column and other personal columns in the Herald Journal may Lance Hendersons the editor Alter reading The Herald Journal over the past lew days I feel some clarification is in order Several articles have discussed the arrest and legal problems of a Lance Kent Henderson rnlbriunately my name is Tin n also Lance Henderson Lance Henderson After having several l)el-wy- By John Stewart M congratulations to any New Year’s Day babies in Cache Valley and to their parents What an exciting time for them and doubly so for the first to arrive and thus he winner of gifts from generous merchants To start life us a winner is a hopeful sign My sister Helen who years later became an Aggie graduate and the wife of FBI Agent Burns Toolson of Smithfield was a New Year’s Day hahy long before any prizes for being first It was a home delivery in a tiny house the best my par- ents could afford at the time But her safe arrival was gift enough for lov ing parents and two adoring little sis: ters Jean and Beth I Iclcn and Belli have since rejoined their parents in Paradise and Jean twice widowed at 88 anxiously awaits her graduation day Good friend and fellow actor Sam Gordon a nulic of Smithfield had his graduation day the day after Christinas 10 days after his 95th birthdale Sam and I had been heavily involved in the Golden Spike Reenactment at the National Golden Spike Site at I'romontory each May 10 since the centennial reenactment -- in 1969 express opin- ions that do not align exactly with your own If you disagree please respond with a letter-tthe editor or contact editor Charles McCollum about a possible guest com1 Ext 3020 mentary (Phone: 752-212- cmccollumhjnewscom) See information box at bottom of page for more details Sam had the role of President Lclund Stanford of the Central Pacific Railroad My role was and is that of Edgar Mills wealthy California hanker friend of Stanford who was asked hy Stanford to serve as master of ceremonies at the reenactment As such I give the opening speech of welcome to the visitors and then introduce in turn each of the several other speakers and participants My most laudatory introduction is that of President Stanford — Sam Gordon: “And now ladies and gentlemen it is not only my duty hut my honor and my privilege to introduce to you a man of vision a man of courage a humanitarian and one who is highly esteemed by those of us fortunate enough to call him our friend! He is a Californian whose farsightedness has contributed in large measure to the success of this great enterprise! Ladies and gentlemen the President of the Central Pacific Railroad Governor Leland Stanford!” (Stanford non-speaki- Your view Please don’t confuse death and the sequel Life people question how I made hail I thought a letter lo set the record straight would he helpful Dr Lance Dclwyn Henderson the optometrist from Hye Care For You is not in jail or under any legal investigations I hope this unfortunate situation has not created concerns for any of my patients or acquaintances Lance Dclwyn Henderson Davton Idaho a tragic blow to their way of life for was no longer governor hut loved to it opened the vvei to rapid extensive still be called that) ' and Then all the actors cheer wave settlement hy people from Europe and the eastern states It resulted in their hats and the men running the American Indians being forced onto two locomotives Central Pacific’s 119 No Pacific's federal reservations robbed of their Union and Jupiter lands and their chosen w ay of life loot the whistles and ring the hells as Stanford steps forward and gives My stui Gregory and I this past clothed in his speech Sam regally week reread the fascinating hook his black frock coat and lop hat and "White Indian Boy" published also mustache and under the title "Uncle Nick Among sporting his pasted-o- n beard relished that moment as he the Shoshones" In Elijah Nicholas informed (he audience of the great Wilson founder of the town of Wilfuture of transcontinental travel hy son at the loot of the Tclons in Jack-so- n rail connecting California Nevada Hole Wyn For two years as a 2- and Utah lo ihe rest of the country lo 14 year- - old hoy Nick lived Two years ago as he was performwith the Shoshone Indians as the chilschool several hundred for ing adopted brother of their famous dren he suffered u stroke When last I Chief Washakie With them he visited him he was unable lo recogroamed from place to place in Teton nize me hut perked up a hit when I Valiev Jackson Hole southcentral called him Governor Stanford We all Montana and m Wyoming’s Wind loved Sam and miss him About now Rivers He learned their language I and their customs and years later suspect he is getting acquainted with the original Inland Stanford up helped them as best lie could to deal yonder (vviih the limitations the whites had As master of ceremonies of (he forced upon them His home and overall Golden Spike program prior ranch in Wilson became a refuge for to the reenactment portion I have them For several years as a young sometimes mentioned to the audimail Nick lived in Cache Valley and ence that Sam and I were present at in Bear Lake Valley the original program on May It) Several years ago I became well 1869 when America's first transconacquainted with Nick's son Charlie tinental railroad was Completed I am Wilson vv ho vv as living! oil the uncertain whether Sam appreciated Shoshones' Wind River Reservation my including him in that claim hut and I assisted him in writing a he never openly complained at least sequel to Nick’s hook telling about to me Maybe to his w il'c his lather's later years and about Of the 20 actors in the centennial Charlie’s boy hood in Jackson Hole celebration reenactment only live of and felon Valley He named the us remain hook "Return of The While Indian" Some of the replacements are secCharlie died a couple of years ago at ond generation including my son age 96 Robert of North Logan who has the Because American Indians sufrole of Governor Anson PK Salford fered so much abuse including the of Arizona Another participant who horrible massacre on Ihe Bear River made it into his mid-90- s was Hchcr here in Cache Valley on Jan 29 Sessions' our telegrapher "keeping 863 am especially glad that the the entire nation informed of these American West I leritage Center is proceedings as they transpire" Hchcr planning a "Cultural Interpretive graduated several years ago soon Center that will tell the story of the after tapping out the word "Done” as development of the American West the last spike was driven through the eyes of (lie Northwest Each year at the general program a Band of the Shoshone Nation" Nick memorial tribute has been paid lo and Charlie will like that being done any cast member who had died since Meanwhile I wish you and yours a the previous reenactment If there joyous New Year filled with pleasant had been no deaths then at the experiences and gracious liv ing free rehearsal I called for volunteers hut froTn fear for we are all in the hands never got any positive response and allof a lov ing and Then I called for nominations hut I wise leavenly Father was the only one ever nominated so I discontinued that effort John Stewart is a longtime River But epough of death and the Heights resident He is among a numworld-famoGolden Spike site I ber of Cache Valley freelance writers wish now to briefly mention another whose columns appear in The Herald worthy project: The American West Journal as part of an effort to expose I leritage Center a short distance readers to a variety of community voicnorth of WcJlsville es He is not an employee ol the newsFor American Indians the building at paper He can be reached by of the railroad was disastrous It was johnstewart84321 ©yahoocom 1 1 Mallard Fillmore Herald Journal o WILL it£ The Opinion page is intended to acquaint with a variety of viewpoints on matters of public importance and provide members of the community with a forum tor their views Personal columns cartoon and letter from readers reflect the opinions of their writers and Editorials under the heading "Our represent the views of the Herald Journal editorial board Members of the editorial board: readers Boooe&xoi 75 DARRELL EHRUCKANty editor CINDY YURTHleatures editor BRUCE SMITHpublisher CHARLES McCOLLUMmanaging editor conclusions arc more fthfty to 6c gathered ait of a multitude of tongues than through any hind of authoritative selection — ' Juigc Leaned Maid American BSEEZZ The Herald Journal welcomes letters to the editor Potentially libelous or offensive letters will not be published however and the editor reserves the right to edit all letters to conform to the length and style requirements of the newspaper Letters should be: double-space- d Typewritten and No more than 450 words In length Addressed and include daytime phone number tor purposes of verification Signed by Ihe author Individuals are limited to one published let- -' period Address ter within any y letters to hjlelterdhjnewscom Guest commentaries are also welcome and are run at the editor's discretion jurist (1872-196- |