January 18th, 2010
MIDDLEBURY — It’s been hard to make a buck on Wall Street during the past few years with a market that has been more bear than bull. It’s an environment that has chewed up and spit out many a seasoned broker.
Then there’s Forrest Wright-Lapin. At an age when most kids are collecting baseball cards and mastering X-box games, Wright-Lapin, 13, is proving himself to be quite the financial whiz kid. The Middlebury Union Middle School 8th-grader recently won first place in a statewide, scholastic stock market competition — and he did it without breaking much of a sweat.
MIDDLEBURY — A state investigation concerning the financing of a full-length film by well-known Addison resident Malcolm “Mac” Parker has been misconstrued, says a spokesman for a group of lenders who support Parker’s project.
“First and foremost, we are strongly opposed to what the state is purporting … that he (Parker) is selling securities and that he is not licensed to sell securities. Both complaints are completely groundless,” said Vergennes resident Christopher White, a lender and spokesperson for a group of supporters who have established a legal defense fund on Parker’s behalf.
MIDDLEBURY — A majority of the UD-3 board on Tuesday rejected a motion to reopen the proposed 2010-2011 budget for additional cuts, stating it was too late in the process to make sweeping changes and that district voters will have a chance to send them a message about the spending plan on Town Meeting Day.
The board had called the meeting late last week after it received information from the state that indicated property taxes in some Addison Central Supervisory Union towns could be rising dramatically despite a proposed 2.81 percent increase in spending.
SALISBURY — An estimated 700 mourners crowded into St. Mary’s Catholic Church in Middlebury Wednesday to remember three generations of the Flynn family who died Saturday after the snowmobiles they were driving broke through the ice on Lake Dunmore. That followed a wake at the American Legion Hall in Middlebury Tuesday night that was so crowded that some initially had to wait to get into the building.
Fr. William Beaudin delivered a message of consolation and hope as many in the community were recalling the circumstance of the tragedy and trying to pull any lessons from the calamity.
MIDDLEBURY — Addison District Court Judge Cortland Corsones on Monday accepted a plea agreement between former Vergennes police chief Michael Lowe and state prosecutors in which Lowe pleaded guilty to driving under the influence of prescription drugs, a felony, and to one count of obtaining prescription drugs by fraud. Lowe also agreed not to contest a charge of neglect of duty.
NEW HAVEN — Vermont State Police Lt. Bruce Melendy on Friday will conclude a two-year stint as commander of the VSP’s Addison County barracks in New Haven in order to take the helm of the department’s Derby headquarters.
State police officials plan to fill the Addison County position by early February; in the meantime, senior staff will manage operations at the VSP’s New Haven barracks on Route 7.
BRANDON — The Otter Valley Union High School board last week approved a $10,675,889 spending plan for 2010-2011 to send to voters on Town Meeting Day, but the school’s administrative structure for next year is still unclear.
The big question is: Will there be a dean of students and if so, what will that position look like?
MONTPELIER — The report released last week by the commission that evaluated retirement benefits for Vermont teachers and state workers lays out 10 recommendations intended to decrease deficits in the state employee pension fund by, among other things, increasing employee contributions to their retirement accounts and raising the retirement age.
To Martha Allen, president of the Vermont National Education Association (VT-NEA), the report’s recommendations are disappointing.
“What the report wants is for teachers to work longer, pay more and get less,” she said.