Lions Membership eye assessments for youths, Cash Issues webinar, extra – Loveland Reporter-Herald

The Loveland Lions Club is offering free eye tests for preschoolers and kindergarten children on Saturday, August 21st. Libraries and credit unions are offering an online webinar on money management, and there will be a vegetable garden talk in Windsor and a hydropower program in Estes Park.

Eye tests for children

The Loveland Lions Club is offering free trials of the Kids Sight Program for preschoolers and kindergarteners on Saturday, August 21, from 11 a.m. to 3 p.m. at North Lake Park, Taft Avenue, and 29th Street, adjacent to the Buckhorn Northern Train Depot.

The non-contact tests use a device to analyze children’s eyes for nearsightedness, farsightedness and muscular inadequacies.

Parents must sign a declaration of consent.

If any irregularities are found, the Lions Eye Center will review the data and contact the parents.

The process only takes a few minutes.

The Lions Club will provide games for the children while they wait.

For details please visit lovelandlionsclubs.org.

Money is important

A webinar on money matters will take place on Wednesday, August 18, from 6:00 p.m. to 7:30 p.m.

It provides a general educational overview, including basic concepts, strategies and asset allocations.

The seminar is part of the Money Matters series on personal financial literacy in collaboration with libraries and credit unions across the front range.

Register at bit.ly/3ivOjRg.

Tips for the vegetable garden

A Treasure Island Demonstration Garden course of vegetable gardening tips will be held in the garden at 31500 Laku Lake Road, Windsor on Wednesday, August 18 at 10-11am.

Learn what they grow in Colorado kitchen gardens, common pests and diseases, and how to properly harvest products.

Registration is required; visit Recreationliveshere.com/forestry.

History of hydropower

The Estes Park Museum and engineer John Cowdrey will present a program on hydropower and the area’s power plants on Saturday, August 14th at 2pm at the Estes Park Museum, 200 Fourth Street, Estes Park.

Cowdrey shows historical pictures and describes how the hydropower plants were created and how they are doing today.

The program takes place in the boardroom of the Estes Park Museum. No reservations are required. Due to the size of the room and the expected number of participants, it is mandatory to wear a mask during the program.

For details please visit bit.ly/3fEzfyI.

Economists eye surging cash provide as inflation fears mount

By Karen Brettell

(Reuters) – Some economists are warning that the rising money supply could exacerbate a surge in US inflation, which has been accelerating as fast as it has been for more than a decade.

According to the Center for Financial Stability’s (including Treasuries) Divisia M4 index, money supply – which measures the circulation of currencies and cash – rose 12% year over year in April.

The measure has run between 22% and 31% every month since April 2020, fueled by unprecedented economic stimulus from the US Federal Reserve and the US government. This contrasts with an annual growth of around 3-7%, which was common from 2015 to the beginning of 2020.

“This money supply growth is just so much faster than anything we’ve seen before,” said Desmond Lachman, resident fellow at the American Enterprise Institute. “It’s a reflection of a huge backlog in the economy … it’s hard for me to understand how not to get inflation.”

Money supply https://fingfx.thomsonreuters.com/gfx/mkt/yxmpjadyyvr/Divisia%20Index.JPG

Federal Reserve chairman Jerome Powell said Wednesday the Fed would adjust its policy if inflation expectations get too high, and the central bank is postponing its first forecast rate hike from 2024 to 2023.

So far, money supply growth has not been a major driver of inflationary pressures, in large part because banks hold cash as deposits.

The Fed has also downplayed the link between money supply and inflation, and Powell said in February that monetary measures had not been a major determinant of inflation “for a long time”.

In fact, the central bank’s bond purchases after the financial crisis did not trigger the expected inflation, as it took the economy years to recover and the money supply at that point was falling.

This time around, however, banks are struggling with record deposits after the US government increased government spending while the Federal Reserve purchases unprecedented amounts of bonds.

The story goes on

There is concern that businesses, investors and consumers are drawing up their deposits and spending, while banks increase lending as the economy reopens. Some economists fear that such a confluence of factors could lead to demand growing faster than economic output and prices rising.

Money supply growth was a factor in the high inflation in the 1970s, when the government ran budget deficits and the Fed introduced loose monetary policy to stimulate employment.

Bank reserves rose to a record $ 3.89 trillion in April and are projected to surpass $ 5 trillion this year as banks sell bonds to the central bank.

Meanwhile, commercial and industrial lending by commercial banks fell from a record $ 3.04 trillion in March 2020 to $ 2.55 trillion in May, although it continues to rise above the February 2.36 trillion level 2020 lie.

The Fed may be reluctant to hike rates as the Treasury Department struggles with record debt levels even if inflation rises, said William A. Barnett, director of the Center for Financial Stability.

However, if rates on primary market lending rise without interest rates on reserves rising accordingly, it could lead to an “explosion in lending,” Barnett said. “The risk to the economy is future inflation.”

Barnett believes that much of the Fed’s bond purchases will be permanent, effectively monetizing the debt, as it did during World War II, when most of the Fed’s bond purchases were irreversible.

The Fed has announced that it will eventually expire its bond purchases when the economy recovers, after which it will have to decide whether to decrease the overall size of its asset holdings when the bonds in its holdings mature.

When it “normalized” its policy from 2014 onwards, the Fed first reinvested maturing securities to keep its overall balance sheet constant, but then allowed the balance sheet to shrink.

This time around, the Fed is far from developing a plan to actually reduce its holdings.

However, some fear that if inflation is already rising, it may be too late to act.

Last week’s data showed that consumer prices rose 5% in May, the largest annual increase in 13 years.

“The rise in inflation could be a bit higher than the Fed has gambled away once inflation expectations are embedded in the system,” said Kim Rupert, managing director of Action Economics.

(Reporting by Karen Brettell; Editing by Dan Grebler)

Eye on Type: Serendipitous Success

by Suzanne Daub

If it is true that you can judge a person by their shoes, then it is shoes from Respoke that I want to use to reveal my character! Stylish in a playful and sophisticated way, colorful and full of life, these handmade shoes are wearable art. And this season, designer Michael Tonello brought them to Nantucket.

Respoke started with espadrilles, then customers started snapping up its designer wedges, mules, and mules. With sneakers now added to the range, you can find Respoke shoes for people of all ages and all fashion levels.

Michael Tonello describes his success as a shoe designer as “a little accident”.

I sat down with Michael recently to hear his story, which begins with the end of his hilarious bestseller, Bringing Home the Birkin (it’s perfect summer read). The book “is about having a closet full of Hermes scarves. I lived in Barcelona and all Spaniards buy one or two or three espadrilles in the spring … they’re cool and comfortable … it’s a two hundred year tradition. I wanted to be like a local, so I did the same. ”But the espadrilles, he explains, have never really changed: they came in the same styles, the same colors, the same fabrics.

“When I realized I had all these scarves that I wasn’t wearing, I thought it would be really cool if I could get someone to turn a scarf into a pair of espadrilles. I’ve sent a lot of emails. “Finally, a traditional, family-run workshop said it was” an interesting idea … I went to them in La Rioja with a $ 400 Hermes scarf, met them and the woman said, ‘ The problem is: if we make espadrilles with a scarf? ‘Your toenails will cut the silk.’ ”Tonello left the scarf with her -“ she thought I was crazy ”- and months later she emailed him to let him know she was sending a package. “I thought she would bring my scarf back … the next day came shoes … They were the most beautiful espadrilles.” The shoes arrived with a note explaining that the workshop had developed a process that made it possible to use silk scarves making durable shoes.

EYE ON STYLE: Happy success

He posted a photo of the handmade espadrilles on his Facebook page, and many of his friends respond with inquiries. Tonello sent more scarves to the La Rioja workshop and “within a few weeks 25 pairs were gone, but I still didn’t think it was a store.” A month or two later Michael traveled to New York City and met Fern Mallis at the Polo Bar. “I gave her a pair of espadrilles at dinner, and when Ralph Lauren came to our table, Fern introduced me to me and showed him the espadrilles. He said ‘they are BRILLIANT’ and took me to another table to tell them about my espadrilles… ”At this other table were creative directors and buyers from Bergdorf Goodman and Neiman Marcus. They all wanted to wear the unique espadrilles. “We made them, delivered them by hand, and that was the beginning of Respoke.”

From inspiration to business and from wholesale to opening their own stores, Tonello and his co-workers Chris and Adrianna hardly have a moment. They travel to Paris and Florence to buy new scarves and look for vintage scarves in auction houses. “We always find something new and different. That way it stays exciting and fun. ”Respoke shoes are still completely handcrafted from vintage designer scarves in the 200-year-old workshop in northern Spain, although Tonello’s designs today include scarves from Pucci, Gucci, Chanel and Alexander McQueen in addition to Hermes. “The whole [process] is magical. “

Tonello had vacationed in Provincetown, MA for years and opened his first store there three years ago. “We only sold espadrilles and we blew it out of the park!” Last year he signed a lease for a shop here on Straight Wharf, but pandemic restrictions made it impossible to continue. They provided the space for the Nantucket Artists Association for the 2020 season to open a satellite gallery. This June, Respoke opened its doors on Nantucket.

Nantucket is nothing new to Michael Tonello: he grew up on Cape Cod and comes to our island with his parents every summer. He is confident that Respoke shoes are a perfect match for the Nantucket style. “There’s a side of Nantucket that loves something unique, opulent, special … but it has to be permanent: people go to the beach, they sail … it’s an old Cape Cod mentality … it checks all the boxes,” he explained . Respoke shoes “are durable, super comfortable, opulent, but not so classy.”

EYE ON STYLE: Happy success

Respoke has shoes for all sizes: men, women and children. Tonello says his team loves to be creative and take on new projects. He describes their brand new sneaker designs as “spectacular … they contain no plastic: only rubber with a silk upper material and they are lined with French terry so that they can be worn barefoot.” Scarves, linen bucket hats… everything decorated with silk. ”And on the horizon they are developing more silk shoes (high-top sneakers and some new women’s designs) and want to add new categories.

“I am one of those people who have the feeling that if something was once beautiful, it is still beautiful.”

Respoke is open daily at 41 Straight Wharf and online at respake.com

EYE ON STYLE: Happy success

Sofia Vergara and Heidi Klum showcase their wild eye for fashion at AGT

Sofia Vergara and Heidi Klum show their wild eye for animal print style as they make their fashionable grand entrances to the AGT

Sofia Vergara and Heidi Klum Show off their wild eye for style when they arrived on the set of America’s Got Talent On Monday.

The 48-year-old Modern Family actress wore a blue cheetah print tank top while her 47-year-old co-star made her grand entrance in a snakeskin print belt.

Heads turned as the fashionable duo walked onto sunny Pasadena with huge smiles on their faces. California to adjust.

To look good! Sofia Vergara and Heidi Klum showed their wild eye for style when they arrived on the set of America’s Got Talent in Pasadena on Monday

Although it was Monday, Heidi beamed with joy in her flowing white dress with a fringed hem.

The statue-like model of the runway was a sight to behold as she strutted in strappy peep-toe heels with a taupe handbag on her arm.

She worked a head full of sleek and straight curls along with stylish fringes.

Sofia was the epitome of California, cool in her ripped rolled up jeans and black Christian Louboutin heels.

Good mood: Although it was Monday, Heidi beamed with joy in her flowing white dress with a fringed hem

Good mood: Although it was Monday, Heidi beamed with joy in her flowing white dress with a fringed hem

Jean-ius!  Vergara was wearing ripped jeans and a pair of Christian Louboutin heels Something blue: the star carried her things around in an elegant azure bag

Jean-ius! Vergara was wearing ripped jeans and a pair of Christian Louboutin heels

Straight hair in the wind, the actress looked radiant, with a red hue on her lips and a bright shade of rouge.

She embellished the look with a gold necklace and dangling turquoise earrings.

With Heidi and Sofia arriving in their most fashionable shape, co-judge Howie Mandel seemed ready to make the waves.

Fan favorite!  Klum stopped to sign autographs

Fan favorite! Klum stopped to sign autographs

Although the star was miles from the nearest beach, he arrived with a wetsuit, flip-flops and a boogie board in his arms.

He gave everyone a thumbs up, a blue face mask hiding his expression.

America’s Got Talent season 16 premieres June 1, and familiar faces like Sofia, Heidi, Howie and Simon Cowell will return to judge the latest crop of aspiring entertainers.

Terry Crew will also return as the show host.

America’s Got Talent season 15 had to make serious adjustments following the start of the coronavirus pandemic, including losing a studio absence.

Surfin 'USA!  Even though Howie Mandel was miles from the nearest beach, he arrived with a wetsuit, flip-flops and a boogie board in his arms

Surfin ‘USA! Even though Howie Mandel was miles from the nearest beach, he arrived with a wetsuit, flip-flops and a boogie board in his arms

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Famed San Francisco non-public eye Palladino dies after assault | Leisure

SAN FRANCISCO (AP) – Jack Palladino, the flamboyant private investigator whose clients ranged from presidents and whistleblowers to scandal-plagued celebrities, Hollywood moguls and sometimes suspected drug traffickers, died Monday at the age of 76.

Palladino suffered a devastating brain injury Thursday after two potential robbers tried to grab his camera outside his home in the Haight-Ashbury neighborhood of San Francisco.

He held on to the camera but fell and hit his head. The photos he took before his attackers escaped were used by police to track down two suspects. They were charged with assault with a lethal weapon and other crimes.

“He would have liked to know,” his wife Sandra Sutherland told The Associated Press on Monday. She added that she had said to her husband while he was unconscious in the hospital, “You know what, Jack, they have the bastards and it was all you do.”

In a career spanning more than 40 years, Palladino worked for a who’s who of the famous and sometimes infamous, alternately hailed as a hero or denounced as a villain, depending on who his client was at the time.

He was hired by Bill Clinton’s 1992 presidential campaign to protect women who stood up to claim they had sex with the future president.

He was also the family investigator for a 14-year-old boy who won a multi-million dollar settlement from Michael Jackson after accusing the entertainer of molesting him. Jackson was never charged with a crime in this case.

Two of his best-known clients were former tobacco company executive and whistleblower Jeffrey Wigand and former automotive executive John DeLorean.

In the Wigand case, Palladino exposed a deliberate campaign by Big Tobacco to target the former executive of Brown and Williamson Tobacco Corp. smeared after his allegations that chemicals were added to tobacco products to be addictive became public. Palladino also starred in “The Insider,” the 1999 film about the case.

For DeLorean, he found that the former General Motors chief executive officer had been installed by authorities accusing him of trafficking millions of dollars in cocaine. This was a failed attempt to shore up his failing DeLorean Motor Co. DeLorean was acquitted.

“Jack was a pillar of the legal and professional community. He firmly believed in due process, the rights of the First Amendment, in particular freedom of expression and the press, “said Palladino’s attorney Mel Honowitz in an emotional statement confirming Palladino’s death.

Although he still occasionally took cases, Palladino largely retired a year ago, his wife said, adding that the two were looking forward to traveling and photography, which was a passion for both.

The couple married in 1977, the same year they founded Palladino & Sutherland Investigations.

While many are holding back in their business, they have fared from doing anything. They publicly filmed high profile cases while the media sometimes compared them to Nick and Nora Charles, the fictional, clever high society detective team of husband and wife in the Dashiell Hammett potboiler “The Thin Man”.

Her clients included everyone from the Black Panthers and Hells Angels to celebrities like Courtney Love, Robin Williams and Kevin Costner. They once found a truckload of stolen gear for the Grateful Dead, and Palladino has spent years investigating the Jonestown cult’s mass suicide in Guyana.

Some celebrity customers, such as Williams and Costner, have been the target of fan or tabloid abuse. In Love’s case, she has been linked to unfounded allegations that she played a role in her husband, Kurt Cobain’s suicide.

“I’m someone you call when the house is on fire and not when there is smoke in the kitchen,” Palladino told the San Francisco Examiner in 1999. “You are asking me to deal with this fire, save you and do whatever it takes to be made fire – where does it come from, where does it go, will it ever happen again? “

Over the years, some people, including the women who made allegations against Clinton, complained that Palladino sometimes threatened and molested them, their families and friends.

Although he would admit that he wasn’t afraid to ask difficult questions, Palladino denied ever crossing the line, ethically or legally.

All he ever was was the truth, he said, adding that he could understand it better than most other private eyes.

“I am not a selfless person,” he told the examiner. “I’m a motivated, arrogant person who holds myself and everyone around me to incredibly high standards.”

John Arthur Palladino was born on July 9, 1944 in Boston, the son of a pipe fitter.

After graduating from Cornell University in English, he studied law at the University of California at Berkeley and passed the 1978 state bar exam. By then, however, he had already discovered that his real passion was research.

When he was a student in 1971, he was jailed in an undercover operation in New York’s Nassau County to expose rampant crime in the county’s prisons. In 1974 the family of newspaper heir Patricia Hearst hired him to investigate members of the Symbionese Liberation Army, the gang of young revolutionaries who had kidnapped them.

“I planned to be a lawyer,” he told People magazine about his college years. “I didn’t know then that investigations would make everything else seem boring, unchallenged and uninvolved.”

———

Rogers reported from Los Angeles.