St. Stanislaus School benefit, 9 to 4 in Kolbe Hall, Adams. Bake sale, snack bar, games, Chinese auctions, money raffle, crafts, and pierogi.
Blackinton Union Church, 1373 Massachusetts Ave., North Adams; 10 to 2. Crafts table, bake sale, Chinese auction, the Christmas table, and kid's grab bag. Lunch $4, $2 kids.
First Congregational Church, North Adams, 9-2.
Nov. 28 Becket Federated Church, Route 8, holiday bazaar from 9-3. Lunch, crafts, baked goods, holiday and other items. Information: Mary Peltier, Parish House, 413-623-5217.
Dec. 5
Holiday Fair at First Congregational Church, 25 Park Place, Lee, from 10 to 3; handcrafted items, raffles, children's shop, bake sale, cut Christmas trees and lunch from 11 to 1. Includes angel-themed goods from SERRV. Information, 413-243-1033 or www.ucc-lee.org.
Dec. 12-13
North Adams Country Club, crafts 9-4; food from That's a Wrap from 11-2. Information: Sheryl Morehouse at 413-822-3329.
Planning a bazaar this season? Submit information to info@iberkshires.com to have it listed here.
We're trying out blogs to offer shorter, easy-to-find news. Let us know what you think.
Send press releases and announcements to info@iberkshires.com. Need to contact someone at iBerkshires? Here's how.
Mammography Dispute The government's issued controversial new guidelines stating that women shouldn't get annual mammograms until age 50, rather than age 40.
iBerkshires will be meeting with local medical experts Monday. Have a question you'd like answered on this issue? Send it info@iberkshires.com with "mammogram" in the subject line.
The Independent Investor: Debt — The New Four-Letter Word
By Bill Schmick iBerkshires Columnist 08:21PM / Thursday, July 31, 2008
Growing up in debt has become an American way of life. It begins at birth when our parents' portion of the hospital bill is charged to the credit card. Student loans get us through school, mortgages finance our homes and then we borrow on the house through equity loans to fill it full of stuff.
But we still don't have enough so we end up taking out loans for more stuff, like cars, boats and trailers. Then we add two or three more credit cards so that we can buy electronics, clothes, vacations and now gas and food. It doesn't seem to stop until we're six feet under and even then most of the funeral expenses are charged to the plastic. But it looks like we are coming to the end of the road and here's why.
Consumer debt has hit $2.52 trillion (up 22 percent since 2000) and is increasing at an annual rate of 3.5 percent. College debt has more than doubled since 1995, with the average student graduating with a college degree and $20,000 in educational bills. Household debt that includes mortgages and credit cards is now above 19 percent. Americans on average are carrying over $8,565 per person in credit card debt alone.
Worst still, since the home mortgage crisis exploded and home-equity loans dried up, more and more of us are turning to credit card borrowing at an increased rate just to make ends meet.
As most of us know, credit card debt tends to carry substantially higher costs than other kinds of credit and it is seductive in the sense that the consumer only has to pay the minimum amount each month in order to continue spending. Today it is estimated that over 176 million of us are digging our way diligently into a deeper and deeper hole.
Our mounting debt requires that we have to set aside more and more of our after-tax income to service those payments. Paying our bills now accounts for well over 15 percent of our take home pay each month. At the same time, our wages and income have remained relatively flat while inflation in the form of skyrocketing medical costs, food and gas have taken great hunks out of our paychecks as well.
Given this unholy trio of rising debt, stagnant wages and rising inflation is it any wonder that the country's savings rate is non-existent? As a result, the delinquency rate on debt repayment as well as bankruptcies is accelerating rapidly throughout the nation.
The worst part is that by the time most of us come to accept how bad our financial situation has become, it is almost too late to do anything about it. So here are some telltale signs, according to the Consumer Protection Agency, that you may be heading for trouble in the debt department:
1. You have to use your credit card to pay for necessities like food, gas or dry cleaning. 2. Your savings account is depleted with no prospect of adding to it. 3. Your credit card balances are approaching four or five figures. 4. You have only been able to pay the minimum balance on your credit cards over the last six months. 5. You are juggling several credit cards to simply keep up with your debt payments 6. You are over 50 percent of your credit card debt limit. 7. You have been using your credit card for cash advances to live from month to month. 8. You are paying an increasing amount of your other debt obligations with credit cards.
You should not be surprised to learn that a large number of Americans have experienced several if not all of the above signs in the last six months. In addition, many consumers are also having difficulty keeping up with other loans like mortgages and car payments. And not all debtors are from low-income backgrounds. Plenty of upper-class families have suddenly found themselves in a financial squeeze.
Unfortunately, Americans tend to view financial difficulties as a source of shame to be hidden or denied. Among many families, the issue is not even discussed until it is too late. Yet, there are numerous programs just a phone call away that can provide relief and guidance.
Next week we will discuss some of those programs as well as several working solutions to this growing American problem.
Bill Schmick is a licensed investment adviser representative and portfolio strategist with Berkshire-based Dion Money Management, managing over $800 million for middle-class Americans from coast to coast. Direct your inquiries to Bill at 1-877-850-7942, Ext. 146 (toll free) or wschmick@dionmm.com. You can also visit www.afewdollarsmore.com for more of Bill’s insight.
