Posted: 05 Jan 2010 10:03 PM PST

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NEW YORK (AP) — If the stock market holds to a pattern it has followed for most of the past 40 years, 2010 could be a big year for investors. Since 1973, a big advance on the first trading day of January has been a strong sign stocks will post ...

Posted: 05 Jan 2010 09:20 PM PST

On Native Ground
MY BACK PAGES: WATCHING MY CRAFT CHANGE OVER 30 YEARS
by Randolph T. Holhut
American Reporter Correspondent
Dummerston, Vt.

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DUMMERSTON, Vt. -- I got my first job in journalism at the age of 18 in the spring of 1980. I was a freshman in college and landed a night shift gig at WSPR, a radio station in Springfield, Mass.

News came over an Associated Press teletype machine at 65 words a minute. Changing the heavily inked ribbons was always a chore, not to mention making sure the paper didn't run out.

Stories were typed on battered old manual typewriters that dated back to the 1940s.

Computers? Still a new-fangled technology that hadn't yet seeped down to this level of the business.

The Internet? There were only a few hundred people using it. If you needed to look up an address, you got a phone book or a city directory. If you needed to confirm a stray fact, you pulled out The World Almanac.

They were still using reel-to-reel tape recorders, and a razor blade and Scotch tape were your tools for editing audio. It was still an analog world, with dials and meters and black telephones with dials.

In the fall of 1985, when I started working in newspapers, video display terminals were cutting edge technology. Two years later, I went out and got my first computer - a Radio Shack TRS-80 Model 100 laptop. With its built-in 300 baud modem, I could file a story anyplace I could find a pay phone.

Cellphones? That was as futuristic as the communicators they used on "Star Trek."

There were still a few smokers in the first city room I worked in. The barroom downstairs was still a place where you could find reporters between shifts. The building also shuddered just a little from the giant presses when they fired up, and the stairwells were coated with a thin film of ink.

That first newspaper company I worked for - the Worcester (Mass.) Telegram and Evening Gazette - had four morning and six afternoon editions and a dozen bureaus in the county it published in. There were two separate news staffs, and even though they worked for the same company, the competition was still fierce.

One of my several jobs was working in the morgue - the newspaper's library - where we still clipped stories out of each day's edition and filed them away in envelopes. When a reporter or editor needed background on a subject, my job was to retrieve the right folders with the right clippings in a room filled with hundreds of cabinets with files that went back decades.

Pneumatic tubes brought pictures up to the composing room, and page proofs came down to the copy desk the same way. The darkroom was just that, a dark room filled with a dozen photo enlargers and photographers rushing make prints on deadline. I eventually learned how to do darkroom work and how to go from taking the film out of the camera to producing a finished print in under 30 minutes. The photos from the AP came one at a time from a LaserPhoto printer, in 8 minute intervals. Waiting for photos was a constant hassle.

The old photographers I encountered then were old enough to have used Speed Graphics - the bulky, hard-to-focus 4 x 5 inch cameras that were the newspaper standard from the 1920s to the 1960s.

The old compositors I encountered then were old enough to remember linotypes and the smell of melting lead.

The old editors I encountered then were old enough to remember pastepots and black pencils and making and remaking a newspaper on the fly with a few written instructions and a lot of teamwork in the mechanical departments.

Pagination - making a pages on a computer - was just starting to creep into use. I remember the first such unit - a Mac Plus - which was used to make graphic. Within 10 years of seeing that Mac for the first time, I would be making pages on a computer. The compositors - the wizards with Exacto knifes that could do just about anything you asked, just don't touch the type, please - were out of a job.

Automation changed lots of things. I was replaced by a computer terminal in the paper's morgue. Indexing was now done with a few keystrokes, not with a heavy steel straight edge tearing pages. Digital photography made the darkroom obsolete. The teletype printers disappeared, and wire service news came flying into the mainframe computers at thousands of words a minute.

And now I feel as ancient as the people I met when I started out, the tribe that started out in the 1940s and 1950s, when newspapers were king and the work that reporters did was the stuff of movies.

Twenty years ago this month, I went through my first buyout. The T & G had been sold two years before, and changes were in the works. Being a junior member of the staff who lashed three part-time jobs into something of a living, I was thrown overboard immediately. But I was struck by how many people, the elders of the paper that I looked up to and learned from, chose to take a buyout and leave than stick around and face an uncertain future. Most of that generation left, and I got my first education on the harshness of the newspaper business.

The morning and evening papers merged the following year. The T & G's bureaus started to disappear. The presses moved out of the hulking old building on Franklin Street and went to a remote site a few miles away. The papers were sold again, this time to The New York Times Co. They eliminated zoned editions this year and the paper is struggling to survive.

Since that bleak Yuletide two decades ago, I've been through three more newspaper sales. I've become an elder, talking about the old days of afternoon papers, pasting-up pages, teletypes and darkrooms to a generation that Googles phone numbers and needs MapQuest to find an address. And I've watched my profession go from fat and sassy to threadbare and dying in one generation.

I'm still young enough to be a bridge between the analog and digital eras, and still looking forward to the shape of journalism to come. The tools we have now to tell stories were barely dreamed of when I started out, but I recognize how important they are and working to master them. We just have to remember that the need to tell stories is primal, and that storytellers will always be needed.

What will the young reporters I work with now be saying when they look back at their careers 20 years from now? Will they be talking about that gruff and crabby gray-bearded editor they had as their first mentor? The rickety first-generation iMacs that they have to use to write their stories on? The lack of reliable Internet and cellphone service? Or will they talk about working in newspapers at a time when they became quaint relics of a bygone age?

My love for the printed page is still abiding, but it's hard to remember what it was like before the Internet, before desktop computers, before digital cameras and voice recorders, before the avalanche of data that pours from the Web each day, before the 24-hour news cycle, before all the changes that I have seen in nearly three decades of broadcast, print and online journalism. The past is a nice place to visit, but the future is still the place I hope to see.

Randolph T. Holhut has been a journalist in New England for nearly 30 years. He edited "The George Seldes Reader" (Barricade Books). He can be reached at randyholhut@yahoo.com.

Shocker: Dorgan calls end to long political career - Grand Forks Herald

Posted: 05 Jan 2010 09:06 PM PST

TAGS: local news politics Sen. Byron Dorgan 2010 election Democrats Republicans Congress Obama Senate

By Stephen J. Lee

Herald Staff Writer

In what is being called a "shocker," a "bombshell" and "amazing" by political insiders and observers from North Dakota to Washington, longtime U.S. Senator Byron Dorgan, D-N.D., announced late Tuesday afternoon he will not run for re-election this year.

It was a move no one but his family saw coming.

After 40 years in elected office – 10 as North Dakota's tax commissioner, 12 in the U.S. House and 18 in the U.S. Senate by the end of this year – it's time for him to pursue other things, including writing a book, Dorgan said in a written statement. Dorgan was in Washington Tuesday, although the Senate doesn't go back in session until the middle of the month. He was not available for comment, except for his written statement, said his staff.

"Over this holiday season, I have come to the conclusion, with the support of my family, that I will not be seeking another term in the U.S. Senate in 2010," Dorgan said in the news release that stirred comment all over the blogosphere and news media. "It is a hard decision to make after 30 years in the Congress, but I believe it is the right time for me to pursue these other interests."

The fact that two polls recently showed him trailing expected challenger, Republican Gov. John Hoeven, by 20 points among voters has nothing to do with his decision, Dorgan said.

"Frankly, I think if I had decided to run for another term in the Senate I would be re-elected."

Hoeven, however, in his biggest step yet after months of not saying anything about possible challenge of Dorgan, told the Herald Tuesday he would announce within two weeks whether he would run for the seat.

But Dorgan, 67 and a 1965 UND graduate, said re-upping for another six-year term doesn't seem like the commitment he should make now. He still likes the job, he said. "But I feel that after serving 30 years (in Congress) I want to make time for some other priorities."

Those include a good book contract, he said, that comes after success with two political books.

But stepping down from his powerful position in the Senate controlled by Democrats who need the 60 members to keep control the Republican minority surprised friends and political opponents and raised lots of questions about how it will all shake out.

Especially when Dorgan has never been seriously challenged, never gotten less than 65 percent of the vote.

In state political friends were stunned.

"I'm amazed," said former Gov. Bill Guy Tuesday when told of Dorgan's announcement. "I had no indication that was going to happen."

Guy, who appointed Dorgan state tax commissioner in 1969 and been a sort of political mentor ever since, said he had chatted with Dorgan a few months ago when the Senator was in Fargo and got no signals about this.

"I wonder why," Guy said of Dorgan's decision. "He's recognized as one of the most intelligent legislators that we have in the Senate. He was a leader. I can't conceive of him giving up that responsible feeling of leadership that he has . . ."

Thinking a moment, Guy said, perhaps only half-joking: "Unless he wants to be President."

More seriously, Guy said he wonders why.

"I would think the only reason Byron Dorgan would step down would be if he was interested in, and assured of, still greater responsibilities in government," Guy said.

Former Gov. George Sinner joined Guy in his reaction. "I'm pretty shocked myself," Sinner said Tuesday night. But a friend told him once to never run for a third term, Sinner said. "It's too hard on your kids. You block the sun for your kids."

He's sure such family considerations came into Dorgan's decision, Sinner said.

"But the country is going to be far poorer without him. He was one of those rare people who really understood what this country's government is all about."

He knows Republicans who voiced admiration for Dorgan as a fair-minded and smart Senator with common sense of the Midwest, Sinner said.

Dorgan came from the southwest part of the state where the populist Non-Partisan League was formed to fight Eastern interests that seemed to be keeping down the struggling farmers of the High Plains, Sinner said.

"He would fight just as hard for the little guy," Sinner said. "He would fight for the big guy, too, if he was getting cheated."

The decision was no surprise, however, to Dorgan's family.

His brother, Darrell Dorgan, in Bismarck, said Tuesday he's happy for his brother, who now has opportunities to do things that the rigorous schedule of a Senator didn't allow.

His brother took his commitments seriously, which meant a life of stress and lots of travel between Washington and his home state.

"He works hard at this and has never slowed down, and you reach a certain point where you look beyond," Darrell Dorgan said.

Dorgan's decision even got President Obama's attention. In a news release, Obama praised Dorgan for issues from "fighting for our energy future to standing with North Dakota's families through difficult economic times. . .He has also been a champion for our family farmers and a powerful voice for Indian Country. . ."

Dorgan's decision also breaks up the state's Congressional trio of Democrats who have run together, informally and formally, for 35 years or so.

Sen. Kent Conrad started out working for Dorgan in the tax commissioner's office and succeeded him in that post, before getting elected to the U.S. Senate. U. S. Rep. Earl Pomeroy is a protégé of both Dorgan and Conrad and the three have seemed politically invincible in a state that otherwise is Republican, including voting for Republican candidates for President.

In 1974, when Dorgan first sought a U.S. House seat – unsuccessfully against Republican Mark Andrews – Conrad was his campaign manager and Earl Pomeroy, still a UND student, drove the car.

Pomeroy, of course, already is being mentioned as the automatic Democrat to run for the seat. He told WDAZ-TV Tuesday he "had no clue" that Dorgan was going to announce he wouldn't run again.

Republicans, meanwhile, smell blood in the water.

Michael Steele, chairman of the Republican National Committee, released a statement that Dorgan's announcement "highlights just how vulnerable both Senate and House Democrats have become since deciding to walk in lockstep with President Obama's government-run policies."

"While Sen. Dorgan might be the first Democrat to announce his retirement this year, I predict he will not be the last as more and more Americans start moving away from the Democrat Party's liberal agenda and towards the Republican Party's core principles of less government, lower taxes and greater personal responsibility," Steele said.

Mark Schneider, chairman of the North Dakota Democratic-NPL Party, said in a news release that "there are few North Dakotans who have had a larger impact on our state and our nation than Sen. Dorgan."

"While the political implications of Sen. Dorgan's decision are significant, there will be time to address those issues in the coming weeks."

But political experts on both sides say Dorgan's move will make life more difficult for Democrats, who despite their lock right now in Washington, need all 60 party votes in the Senate – which include two independents who vote with the Democrats - to control legislation.

Beyond the basic math, Dorgan, along with his colleague and friend, Sen. Kent Conrad, had built a reputation in Washington perhaps disproportionate to small state North Dakota, as a top Senator who came across less partisan than many, but canny, competent and smart and willing to work with Republicans.

Often quoted in the Wall Street Journal and the Washington Post, appearing on television news shows in a way out of proportion to North Dakota's small size, Dorgan was credited with warning about the U.S. housing and banking crises years ago while Republicans and many of his Democratic colleagues were urging the easing of regulation during boom years.

He also took some teasing in some political satire magazines for his well-coiffed comb-over that went well with his business-like, buttoned-down profile.

Dorgan made big news Tuesday with his announcement.

Congressional Quarterly reported that Dorgan "dropped a bombshell. "

"The departure of the influential Senator, who chairs the Indian Affairs Committee and serves in leadership as head of the Democratic Policy Committee, gives Republicans a major opportunity to take the seat in the Republican-leaning state," wrote Emily Cadei on the Quarterly's Web site, CQ Politics.

Dorgan is the first elected Democratic Senator to announce he's not running for re-election this year, CQ reported. Four Republican Senators have said they won't run for re-election this year, and two Democrats appointed last year to the Senate have said they won't seek election this year, CQ Politics reported.

Two of the top political blogs in Minnesota quickly reacted, with similar views.

Scott Johnson, one of the founders of the nationally popular conservative blog, www.powerlineblog.com, reveled in Dorgan's announcement, saying it appeared that Republicans now could pick up the Senate seat, and, if Pomeroy runs for the Senate, also the House seat.

Johnson, who grew up in Moorhead, said it appears to be part of a Republican re-trenchment after Democrats took control of Washington two years ago and that Hoeven's threat affected Dorgan.

"Dorgan's statement to the contrary notwithstanding, my guess is that Dorgan saw the writing on the wall," Johnson wrote.

On the liberal news blog, www.minnpost.com, longtime Minneapolis political journalist Eric Black wrote that Dorgan's surprise announcement "creates a very strong likelihood of a Republican pickup of a Senate seat."

And Black, like Scott Johnson, voiced skepticism – "Hmmmm" – of Dorgan's assertion that the bad poll numbers didn't influence his decision not to run.

Despite the recent polls that showed apparent weakness by Dorgan in the next election, his history belies it and many political observers said they couldn't believe the polls.

Throughout his career, Dorgan has had little trouble keeping his seat.

In the last election, in 2004, he beat Republican Mike Liffrig handily, 68 percent to 32 percent. That bested the 1998 win, when he was re-elected for the first time by a margin of 63 percent to 35 percent over Republican challenger, state legislator Donna Nalewaja.

In 1974, as state tax commissioner, Dorgan ran for the U.S. House against Republican Mark Andrews and lost. When Andrews ran for the Senate in 1980, Dorgan ran again and won the House seat. His lowest vote percentage in a House election was 65 percent against Ed Schafer in 1990.

Republicans in the state often accused Dorgan of posing as a moderate or conservative when speaking to North Dakotans, and then voting with liberal Democrats. Other Republicans praised Dorgan for using his seniority and reputation to stick up for North Dakota's interests in Congress.

Tuesday, Gov. Hoeven released a short statement praising Dorgan.

The Almanac of American Politics says Dorgan's voting record in the Senate has been "generally moderate to liberal, and more centrist on cultural issues," similar to Conrad's.

The National Journal rated him in 2005 as 70 percent liberal, 30 percent conservative on economic issues, 65 percent liberal and 29 percent conservative on social issues and 87 percent liberal and 10 percent conservative on foreign issues.

In his 2006 voting record, the Journal said Dorgan voted 67 percent liberal and 29 percent conservative on economic issues, 57 percent liberal and 42 percent conservative on social issues, and 95 percent liberal and 2 percent conservative on foreign issues.

Dorgan grew up in Regent in southwest North Dakota where his father ran the Farmers Union Oil store and the family raised cattle and horses, said his brother, Darrell Dorgan.

Dorgan is known for a reliable stable of stories about old neighbors in Regent and old jokes to illustrate his point about a populism that makes sense and makes fun of eastern elites.

Many heard them often, such as his one about if they laid all the lawyers from Washington end-to-end, "it would be a very good thing."

Dorgan is known for keeping much of his personal life, his family and his faith, quite private. He and his wife, Kim, have a son, Brendon, and daughter, Haley, who are in their 20s. Dorgan's son Scott, from his first marriage, lives in the Twin Cities; his oldest child, Shelly, died at 23 unexpectedly from a heart problem.

He and his wife belong to a Lutheran church in Virginia, near Washington, D.C.

In 2004, Dorgan told the Bismarck Tribune he was thinking then a little of not running again. But he didn't want to see North Dakota lose the benefits of his seniority, he said at the time. After his second term in the Senate, he told the Tribune in 2004, "we'll see" about running again in 2010.

He said then he expected to retire in North Dakota, where he has maintained an apartment home in Bismarck as his in-state residence.

Reach Lee at (701) 780-1237; (800) 477-6572, ext. 237; or send e-mail to slee@gfherald.com

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The Best and Worst Jobs - Wall Street Journal

Posted: 05 Jan 2010 07:54 PM PST

By SARAH E. NEEDLEMAN

At least twice a month throughout the recession, headhunters have dangled job opportunities in front of Ryan McAllister, an actuary for Fireman's Fund Insurance Co. in Novato, Calif. "If I were ever unhappy with my employer, I could pick up the phone and find something else very quickly," says the 28-year-old Mr. McAllister. He joined the high-net-worth property and casualty insurer after graduating in 2005 from the University of California at Davis, with a bachelor's degree in applied mathematics.

Being in high demand is just one reason actuary landed at the top spot on a newly released study ranking of the 200 best and worst jobs in the U.S. The findings were based on five criteria: environment, income, employment outlook, physical demands and stress. Les Krantz, author of "Jobs Rated Almanac," compiled the rankings from the Bureau of Labor Statistics and the Census Bureau, as well as studies from trade associations and his own expertise.

Actuaries, who evaluate the financial impact of risk on an organization, fared best because they work during standard business hours and in favorable conditions—indoors and in places free of toxic fumes or loud noise—as opposed to those jobs toward the bottom of the list such as iron worker, dairy farmer and the biggest loser from last year's study, lumberjack. They also aren't expected to do any heavy lifting, crawling or crouching—attributes associated with occupations like bricklayer, auto mechanic and roofer, also near the bottom of the list. (The physical demands of a job were measured using formulas devised by the Department of Labor, with higher scores given to jobs involving great exertion.)

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A sortable chart of the best and worst jobs

Jobs Rated 2010: A Ranking of 200 Jobs From Best to Worst

Last Year's Article: Best and Worst Jobs

The study, commissioned by job site CareerCast.com, also looks at pay, which was determined by measuring each job's median income and growth potential. (CareerCast.com is published by Adicio Inc., in which Wall Street Journal owner News Corp. holds a minority stake.) Mr. McAllister says he earns a total annual compensation within the average range for actuaries in his niche with four years of experience—between $91,000 and $133,000, according to global recruitment firm DW Simpson, based in Chicago. "If you enjoy and understand numbers, but also want to be involved in a fast-paced business environment, it's a perfect opportunity to merge those two interests," he says.

Qualifying for actuary jobs generally requires first passing a series of exams, in addition to obtaining a minimum of a bachelor's degree in an analytical field, such as statistics or economics. "For the first five to 10 years you're locked in a room studying. It's a big commitment," says Mr. McAllister.

Other jobs at the top of the study's list include software engineer, computer-systems analyst, biologist, historian and last year's winner, mathematician, which fell to No. 6 due to the recession's impact on the number of employment opportunities available. (See methodology).

Fireman's Fund Insurance

Ryan McAllister, Fireman's Fund Insurance Company Actuary

Meanwhile, musical-instrument repairer, No. 62 overall, was identified as the least-stressful job, followed by medical-records technician. But Sean McGarry, who fixes broken guitars and other stringed instruments at Third Coast Guitar Service Inc. in Chicago, says his job is often nerve-racking. "Some instruments we work on are worth between $50,000 and $100,000," Mr. McGarry says. And he says he earns just $30,000 annually.

Replacing strings, fingerboards and bindings using precision tools also can cause minor injuries. "Every one of us who works here has one or two bouts of tendonitis a year," says Mr. McGarry, 36.

Of course, that isn't much compared with the kind of pains common to firefighting, the most stressful and physically demanding job identified in the study, and No. 188 overall. Even so, Matt Brett quit a recruiter position (No. 55) at Yahoo Inc. in 2007 to take up the profession for about half his previous income. "It's more in line with my values," he says. "Obviously you can get killed any day you go to work. But the culture is very unique and a lot of people get into it because they want to do something helpful."

Mr. Brett, 37, often works 48-hour shifts for the Livermore-Pleasanton Fire Department in Pleasanton, Calif. He says firefighters continuously engage in training to avoid getting hurt, and with time, the job becomes easier. "You get more comfortable with each type of thing thrown at you, so stress goes down over time," he says.

The job that ranked lowest overall in 2009? Roustabout. Also known as roughnecks, roustabouts typically work outdoors maintaining oil-field equipment used to produce natural gas, which is highly flammable. "We take safety precautions that outweigh the hazards," says Johnny Wall, a 26-year-old roustabout for Chesapeake Energy Corp., based in Oklahoma City, Okla. Recently he replaced a broken valve in 14-degree weather. "You're out there freezing," says Mr. Wall, who works weekdays from 7 a.m. until around 4:30 p.m.

Still, he says he likes knowing that his efforts help to provide a basic necessity—energy. "People are relying on us," he says.

Write to Sarah E. Needleman at sarah.needleman@wsj.com

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Michigan faces make-it-or-break-it year - Windsor Star

Posted: 05 Jan 2010 07:40 PM PST

For Michigan, last year began with everyone in the state wondering if Chrysler and General Motors would be around at the end of 2009. They were, but with thousands of fewer employees, and with death sentences decreed for Pontiac, Saab and Saturn.

The year ended with the bizarre, yet terrifying farce of the "thigh bomber," the Nigerian student who apparently got some explosives from al-Qaida, tried to blow up an airliner over Detroit on Christmas Day, but only set his own thighs on fire instead. Years ago, lonely, maladjusted men in their early 20s shot at politicians (the Kennedys, George Wallace, Ronald Reagan), or rock stars (John Lennon.) Today they try to become terrorists.

This year promises to be a make-it-or-break-it year for Michigan. The state faces massive unemployment, probably its toughest budget deficit in history, and tougher choices about whether to raise taxes or gut higher education, revenue sharing and perhaps public schools as well.

Michigan is entering a year, too, in which every state office is up for election -- and every top officeholder in the state has to retire or run for some other office because of term limits.

Additionally, there may be no more than half a dozen members of the current state senate in their seats next January. The speaker of the house and other key leaders will be gone, too.

Those aren't conditions that make it easy for politicians to make hard decisions. But Michigan's leaders have no choice. The federal stimulus money they used to plug half of this year's $2.8-billion deficit is essentially gone.

Next year will be bracing. But it's worth a quick look back at 2009, a bizarre year when poor, battered Michigan seemed to be unable to escape getting brushed by virtually everything wrong with the country and the world. That wasn't just limited to the decline of the manufacturing-related economy.

By year's end, environmentalists were reporting that the terrifying Asian carp were within a few miles of Lake Michigan. Experts agree that if the bighead and silver carp get established in the lakes, they are unlikely ever to be eradicated. That would devastate the $7 billion sport fishing industry. If that weren't bad enough, silver carp have been known to jump out of the water and smack boaters in the face, breaking jaws.

The carp, which escaped into the Mississippi River from Arkansas fish farms years ago, have been steadily moving north ever since. In December, Michigan Attorney General Mike Cox asked the U.S. Supreme Court to order the closing of the Chicago Ship and Sanitary Canal, the last barrier between the carp and Lake Michigan. He was hoping for an almost immediate injunction, but none has been forthcoming. Barge operators, who stand to lose a lot of money from even a temporary shutdown, are opposed.

As with most problems, the coming of the carp was visible a long way off, but nobody did very much about it -- except construct an electric barrier that for various bad reasons, was never turned on full strength.

There are some glimmers of hope. Detroit endured four mayoral elections, but ended up with a responsible, business-oriented mayor (Dave Bing) with wide credibility and no apparent need to act out his ego at the city's expense. Most of the worst members of Detroit's city council were convicted, declined to run for re-election or were defeated.

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Almanacs

Wednesday, January 6, 2010

Almanacs “Stocks: A ‘rally’ good start to '10 - Norristown Times Herald” plus 4 more

Almanacs “Stocks: A ‘rally’ good start to '10 - Norristown Times Herald” plus 4 more

By SARAH E. NEEDLEMAN

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