Newspaper Archive of
The Adams County Record
Council, Idaho
June 13, 2012     The Adams County Record
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June 13, 2012

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Page 24 Wednesday, June 13, 2012 The Adams County Record This week's photo from Loren Thomas is inside Adams County, and probably one of its lesser-known wonders. It is not awfully far from a road, but you can't see it from one. To give you a sense of the size of these falls, that's an .adult man sitting where the arrow is pointing. Since the photo this week might be difficult and it represents an off the road hike of sorts, the prize for guessing this one is one of Gary Jones' great Seven Devils -hiking books. So you intrepid adventurers send in your guesses, or your for-sure answers, by 4:00 on Monday. Last week's picture was of Council, taken from the foothills northeast of town. The canyon formed by the Weiser River south of town is quite visible. This point of view may be new to some readers, and that was the reason for featuring it. We only received one entry. It was from our perpetual contestant (who has gotten the location of most "Where is This?" photos correct) Dave Mink. He says he does the dishes so often that he really needs the handy dandy scrubber pad he won. The pad was hand-made right here in Council by D&L Herbs. Washington, D.C. - Today, Idaho Senator Mike Crapo and Nebraska Senator Mike lohanns filed an amendment to fulfillCongressional interrt by providing an explicit exemption from margin requirements- for non-financial end- users that qualify for the clearing exemption. The amendment is identical to H.R. 2682, which passed the U.S. House of Representatives by a vote of 370 to 24. Since the Dodd-Frank conference took place, there has been a debate lover whether non- financial end-users are exempt from margin requirements. Then-Chairmen Chris Dodd (D-CT) and Blanche Lincoln (D-AR) acknowledged the language for end-users was not perfect, trying to clarify the intent of the language with a joint letter. Certain regulators have interpreted the statutory language as requiring them to adopt rules that impose margin requirements on all uncleared swaps, regardless of who the counterparties are. "Non-financial end- Users from manufacturing to energy to farming rely on financial risk management tools like derivatives to manage the unique business risks associated with their day to day operations;' Crapo said. "Our economy benefits from this type of risk management activity in the form of less-volatile business activities, and in turn, lower prices Laugh of the week Ever since I was a child, I've always had a fear of someone under my bed at night. So I went to a psychiatrist and told him. UEvery time I go to bed I think there's somebody under it. I'm scared. I think I'm going crazy." "Just put yourself in my hands for one year" said the psych. "Come talk to me three times a week and we should be able to get rid of those fears'. "How much do you charge.~ "Eighty dollars per visit, replied the expert." "I'll sleep on I said. Nine months later, I met the same psychia- trist on the street. "Why didn't you ever come to see me about those fears you were having?" he asked. UWell, eighty bucks a visit three times a week for a year is an awful lot of money! A bar- tender cured me for $10. I was so happy tO have saved all that money that I went and bought me a new pickup!" "Is that so?" he said, "and how, may I ask, did a bartender cure you?" "He told me to cut the legs off the bed! Ain't nobody under there now! for consumers. The Senate needs to affirm Congressional intent by passing this amendment to ensure that regulators do not divert productive working capital from our economy into margin accounts that would impair economic growth." Johanns said, "Farmers, ranchers and businesses much-needed clarity by using the financial markets allowing businesses to to guard against risk is manage their risk and the type of responsible put their capital to good business practice we use, often creating more should encourage. Instead, American jobs in the they may be subject process" to far-reaching and unintended consequences of a very flawed law. Our amendment strives for ingredients used to brew our beers;' said Kris Smelser, MillerCoors Regional Manager of the Burley, Idaho, grain elevator. "We appreciate his work to protect farm "This amendment jobs in Idaho and many protectsour ability toother major agricultural efficiently buy malting states." barley, hops and other In Adams County $40.00 per year Out of Adams County $45.00 per year Out of State $50.00 per year 108 1 nois Avenue, Count