Pop the bubble
According to a recent newspaper article, retirement funds have $70 billion invested in oil futures. Ever heard of scalping tickets? Same thing. Oil futures are the same as tickets, tickets to buy oil. There is a limited supply of those tickets.
Our state employees and others are scalping us at the gas pump and will retire comfortably on our pain at the pump, as well as our state tax dollars, by their pension investments in oil futures. But this speculative bubble can be popped.
If we pressure our state representatives and governor to divest state pension funds from oil futures, other states, and you do the same, the bubble will pop and gas prices should drop dramatically.
Divesting from other commodities futures like wheat and corn will lower prices at the grocery store.
So please put the pressure on the politicians, and call your broker to sell any futures you might own, and lets pop this oil bubble.
Last ones out are going to lose a lot of money.
Pat McDonald
Interlochen
A conversation piece
I am writing because of a building. This building is located on Three Mile and U.S. 31 North in East Bay Township. It is called The Bear Company. It is a log building with a beautiful mountain scene. Yet, in front of this scene stands a huge, tough, growling grizzly bear. Many people have commented on how they don't care for this mean-looking bear.
I, for one, have thoroughly enjoyed watching this menacing grizzly bear go up onto the building. I think it shows that we northern Michigan people have to be tough up here in our winters. Yet, like bears, we can be kind and gentle (to our own kind). So I appreciate the zoning board for giving me, my family and friends (or teachers) something to converse and marvel about.
Meg Caldwell
7th grade
Cherryland Middle School, Williamsburg
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