PRESIDENT ROB asked us to keep the following in our thoughts and prayers: ROY WHISTLER; FRANCIS PRITSCHER (FRANCIS would appreciate visits and calls from Rotarians).

JACK KELLEY grew up helping his grandparents on their farm in Michigan. He knew when he was in Fourth Grade that he wanted to be a surgeon. University of Michigan Medical School; residency at St. Joe Hospital; U.S. Army Captain for two years at Ft. Riley, Kansas provided the beginning of a life of learning and giving. He went to Tennessee to study Laparoscopic surgery; volunteered on the Ship Hope and in the Dominican Republic and Kenya; participates in Big Brothers and Habitat for Humanity. In his spare time he continues to "cut" three days a week.

ED HEMMER introduced Robert (Bob) Woerner, who lives with his wife, Margaret Abbott-Woerner at Westminster Village, 2741 North Salisbury Street, West Lafayette, IN 47906, phone 464-1081.

LEW RUNNELS introduced VICKI GREGORY, who lives with her husband, Gary, at 406 East 5th Street, Fowler, IN 47944, phone, (765) 884-1461. She is Interim Executive Director of Westminster Village, 2741 North Salisbury Street, West Lafayette, IN 47906, phone 463-7546. E-mail: vgregory@wvwl.org

PRESIDENT ROB introduced Richard E. Mourdock, Indiana State Treasurer, who said his intended talk was entitled, "Economic Development in the State of Indiana". Since we had heard that news when TOM MORAN reported that support for the Gus Macker Tournament was not available, he wanted to explain the situation with the Chrysler bankruptcy and how it impacts Indiana pension funds. Holding secured bonds in Chrysler seemed a prudent decision when it was a good price and the state has many Chrysler employees. When bankruptcy was announced by the Federal Government secured creditors learned that they would receive 29 cents on the Dollar. Non-secured creditors were to get more than that. This violated 150 years of bankruptcy law under which "secured creditors should be paid in full". The State of Indiana argued in a suit that secured creditors have rights; that TARP (Troubled Assets Relief Fund) money was being used illegally; and there was a sub-rosa violation (must be fairness in evaluating assets). The Federal District court passed it along to the Supreme Court where Justice Ginsberg handled it. After an initial stay, the stay was lifted and the sale was completed. As a result of this situation, he predicts that many investments will be made internationally, where the rules have not changed. He also made the prediction that unemployment should peak at 11% in the 3rd quarter of 2010.

Dan, Daniel and Abri Carmody, guests of VICKI BURCH; Robert Schroeder, guest of RAY PEETERS; Mindy Deno, guest of JIM HANKS; Mike Gibson, guest of JOHN COREY; Anita Joglekar, guest of FAYE COLE; Bill Lechman, husband of NELLIE LECHMAN; and Harriet Coppoc, wife of GORDON COPPOC.

WARREN STEVENSON, Punta Gorda, FL

Money Collectors: RALPH GANN and JAN GRIFFIN KOEHLER; Greeters: BECKY ROBLEDO; Invocation: DENNIS WEIDENAAR; Piano: HARLEY FREY; Song Leader: JOHN BARRETT. Help with attendance and facilitating a smooth meeting: JO WADE and TOM MORAN; Help with Ripples: BILL FULLER.

PRESIDENT ROB'S THOUGHT FOR THE WEEK:

"It's amazing that the amount of news that happens every day always just exactly fits the newspaper."
Jerry Seinfeld

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