NEWSLETTER of the Senior Men’S Club of Grosse Pointe FESTIVITIES
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NEWSLETTER of the Senior Men’s Club of Grosse Pointe FESTIVITIES . FUN . FELLOWSHIP VOLUME LII NO. 19 www.gpsmc.homestead.com July 2013 President’s Message By all reports, Immediate Past President George I’m writing this on June 19, Lilly did a bang-up job of honoring the outstanding and am reminded that it was on seniors from Grosse Pointe South and North High June 19, 2000, that I took a flight Schools on May 28. Thanks, George. with two other passengers and In July, we will hear from Frederick Pearson on our pilot, Don Bowers, out of Middle East Developments, who should have plenty Talkeetna, Alaska. Mt. McKinley Ken Van Dellen to talk about. I am certain it will be in a more serious was socked in higher up, but we vein than my brother Rich’s report on life in Saudi were able to fly over glaciers at lower elevations. Arabia. Then it will be Jay Ganatra speaking on My When we got back, Pearl talked with Don about Years with General Motors around the World, which exchanging letters with her elementary school students should be of interest to our many members retired about his adventures in the Iditarod dogsled race, and from the auto industry. (It was interesting to me to found him to be a wonderful man. Two days later, at learn that Ed White had managed the GM plant on the breakfast, I saw in the newspaper that Don and three eastern outskirts of Nairobi, Kenya, a few years before National Park Service rangers had been killed in a I volunteered at a university there for a semester and plane crash on McKinley about eight hours after I flew rode past the plant several times a week.) Continued on page 2 Program Chairman - Eric Lindquist July 9, 2013 Inside . Frederick Pearson, WSU Memorials 2 New Members 2 Middle East Developments Luncheon Meeting 4 Bridge 5 Investment Meeting 6 The Readers 7 July 23, 2013 Golf 8 Attendance 8 Jay Ganatra Membership Application 9 Birthdays 10 My Years With General Get Well 10 Motors Raffle 10 Calendar 11 Coming Attractions Aug 13 Congr Gary Peters U S Legislative Update Aug 27 No Meeting GPWM Closed Continued from page 1 with him. He was an excellent pilot, but things can go would happen on my third flight of 2000, to Nairobi. wrong. Google for Don Bowers Iditarod, and you will George Arsenault and his Nominating Committee find numerous websites about Don. have drawn up an excellent slate of nominees for Now, to bring things full circle I need to tell you the Board for the year beginning in October. The that in March of 2000 I took a trip to London for a election meeting will take place near the end of the week, and when we were a short way out on the return, membership meeting on July 9. a passenger near me had a hush-hush conversation I’m happy to report that three months after with the flight attendant. Soon after, they began my head shave for St. Baldrick’s Foundation, my distributing complimentary drinks, and then came fauxhawk is finally beginning to lie down. My final an announcement that a non-critical piece had fallen amount raised was $2,302, by far my best in the four off one of the engines at takeoff and the cockpit had years I’ve participated. Thanks again to my many determined it would be prudent to have it replaced. supporters in SMC. They jettisoned the fuel while making a big U-turn and went back for repair. Needless to say, I wondered what Richard Fuher 313-822-5555 Memorials George R. Mikhail, M.D Died: April 5, 2013 (98) Born: 1914 Joined: 1991 (12) Memorials to Amer Heart Assoc Membership - Ed Rowardy 313-882-4963 New Members New Member Badge Name Home Phone Sponsors Address Cell Phone Hobbies Spouse Current/Former Firm Birthday e-Mail Thomas F McGann Tom 313 886 9537 John Standish,Fritz Bloy 280 Grosse Pointe Blvd 313 330 9537 Golf, Reading, Family Events GPF MI Lynn Invest Mgmt, Comerica Bank 48236 7/23/1943 [email protected] 2 July 2013 Michael F Smith Mike 313 885 486 Alfred Reuther Jr, Anthony Morse 34 Christine Dr 313 320 4806 Sailing GPF MI Katie Investments 48236 10/18/1948 [email protected] Martin D McMillan Marty 313 824 1443 George Arsenault, Ed Rowady 616 Lakepointe 313 550 9661 Fly Fishing, Baseball, Hockey GPP MI McMillan Properties 48230 4/5/1957 [email protected] Allen Ledyard Allen 313 882 8239 Ed White, Mark Wilson 101 Lewiston Trout Fishing GPF MI Polly Banker, NBD 48236 7/7/1934 David Case Dave 313 885 1646 Mark Wilson, Ed White 369 McKinley 313 549 0745 Tennis GPF MI Joanne Recruiter, Case & Co 48236 1/18/1942 [email protected] Russell G Halleen Russ 313 886 6364 Mark Wilson, Ed Rowady 1220 S Oxford 313 580 9421 Singing, Golf, Handy Man GPW MI Janette Owner, Index Die & Engr Co 48236 7/4/1933 [email protected] John J Klobucher John 313 885 7091 Andy Cleek, Ed White 1675 Faircourt Fly Fishing, Sailboat racing GPW MI Mary Engineering, Chrysler 48236 9/14/1949 [email protected] Daniel Ostrowski Dan 313 331 6145 Eric Lindquist, John Prost 926 Lakepointe Golf, Basketball, Baseball, Hockey GPP, MI Widower DOD Engineer 48230 6/14/1949 [email protected] July 2013 3 Luncheon Meeting - June 11, 2013 Speaker: George Lilly Grosse Pointe Senior Men's Club Recognizes 20 Year Members Eighteen members of the Club, those who joined in 1993, were recognized at the June 11 meeting. The seven members who were in attendance, pictured below, were given a 20-year pin by Past President George Lilly. Pins were delivered to the eleven members who were unable to be present. Front Row, left to right: Robert Greening, Kenneth Maleitzke, Alfred Thomas Back row, left to right: Eltom Bamford, Eugene Arjeski, Nathan Judson, Charles Pentis Unable to attend: Joseph Arpin, James Farquhar, Joseph Fromm, James Marshall, Eugene Mezger, David Nadeau, Nicholas Piccione, Lorne Sherry, Donald Stehr, Kenneth Steketee, Edward Wilberding 4 July 2013 Leonard Schim 313- 881-0151 Tuesday Bridge Dave Ruyle 586-321-3045 First Second Friday Duplicate Bridge May 14 May 3 Keith Leibrand L. Bartoszewicz North/South East/West st May 21 1 Ruyle/Brown Edwards/Devine nd Keith Leibbrand L. Bartoszewicz 2 Tarnow/Lee Deacon/Morris 3rd Perkin/Kolb Bedsworth/Pappas 4th Pannock/Rutan Howell/Higbie Dennis C. Rasch 313-885-7146 5th Cobau/Rizzo Killeen/Browning 6th Ordon/Markey Contract Bridge May 10 Monday at G.P Woods Community Center North/South East/West st First Second 1 Perkin/Kolb Tarnow/Lee nd 05/27/13 2 Edwards/Devine Bedsworth/Pappas 3rd Pannock/McBright Mayer/Pytell Memorial Day 4th Ruyle/Brown Deacon /Markey 06/03/13 5th Platt/Morris Howell/Higbie Gene Bertlesen Rod Guest 6th Cobau/Rizzo Ordon/Welchli Art Linzell Darrah Porter 7th Jur/Browning Schuch/Mitseff Denny Rasch Frank Markey May 17 6/10/13 North/South East/West Rod Guest Jack Ryan 1st Tarnow/Lee Quest/Markey Keith Leibbrand Roy Eugenio 2nd Ruyle/Brown Pappas/Collier 06/17/13 3rd Perkin/Kolb Mayer/Pytell Denny Rasch John Hayes 4th Cobau/Rizzo Martin/McBright Dick Connolly Gene Bertleson 5th Edwards/Devine Ordon/Morris Art Linzell Keith Leibbrand 6th Pannock/Linzell Killeen/Browning 7th Howell/Higbie July 2013 5 Investment Seminar - May 15, 2013 Speaker: Jay Blackburn Introduction by: /Dan Beck Reported by: Dan Beck Current Investment Markets . There are many positive reasons and opportunities to invest today. Avoid listening to every newscast. Be happier by avoiding pessimistic comments regarding the market. Some consumer sentiments are down from listening to a mantra that stocks will be better next year. Inflation is contained. It is below 2%, which our economy can handle. Stocks are not expensive; look at their price earnings ratio. Global growth should pick up and turn positive. Housing is going above the asking price. Inventory is low with pricing improving the past 13 months. Earnings are up following corporate performance. An old saying is “don’t fight the Fed. Invest in the market”. Interest rates going up but Fed will keep them low over next two to three years. Natural gas prices are forced lower and lower in the USA due to fracking competition. Fifty percent Honeywell and G.E. earnings are earned outside of the USA as companies look for opportunities. Q. Technology sector opportunities? A. Key is profit. Margins are huge and while some prices have dropped down don’t think it's ending soon. Q. Apple hit $700, went below $400 and is now $456? A. Think $450 is expensive. BroadCom will do well as will Qualcom. Q. Gold. A. “Is a greater fool investment”, last 10 years was great but has no earnings, no income, stay away from it. Q. Silver? A. Has more support and larger functional base. Price base better than gold but still volatile. Q. Housing i.e. Pulte Homes. A. Analysts feel such stocks are high. Q. Is European situation negative? A. Enough positive events will occur over next several years to “right the ship”, especially in France, Germany and England. Q. Natural gas? A. Is close to a low and will go up. Be cautious, if you own a lot, don’t sell. Q. Japan? A. Japanese equities will improve. Central Bank taking long-term positive steps. Q. Should high yield issues be avoided? I’ve a tendency to acquire. A. If you experience two price drops it’s a sign of fundamental problems.