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Valley News and Views
Drayton , North Dakota
July 22, 2010     Valley News and Views
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July 22, 2010

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Page 2 July 22nd, 2010 ~ii!iiiiiiii!~iiiiiiiii i!ii!iiiiii/i!iiiiii!i~=i!i!~==~!! ~iiii~7111111iiiili!i!ii!ii!ii!!iii! !i! ~i:~~ .... ~ii~iiii~i!~iii~iiiii!!iiiil Valley News & Views Dakota Tales and Trails By Dr. Larrie Wanberg When you get forty-two community members of all ages from four to seventy something, on a single stage at one time, working together off of a common script, nodding in rhythm with the up" delicious stew from a "campfire" and people visited and exchanged stories around picnic tables. For me personally, the inspiringeventwasto observe thepackedhouse onSunday's towns. For the third year, two students in fieldwork at a LIND class on "Service and Citizenship" are assigned field work to record some "reflections" of lifestyle in The Meltdown of the American Economy i Part 5 of 24 by K.C. Gardner ] ] (The following is a newspapers began to pick up Act (CRA) as a major incentive ;~ descriptionofthemeltdownof on the rejection rates, which in the attempt to eliminate the Americaneconomy;2007- were higher for minorities discriminationinthemortgage ! 2008, as the economic bubble engendered by the Federal Reserve burst. Analysis of the meltdown is provided by citing studies compatible with the Austrian economic theories of Ludwig yon Mises and Murray Rothbard.) than for whites, and would market. The Federal Housing ~ publish in prominent stories Enterprises Financial Safety [ the yearly results, although andSotmdnessActof1992was i Liebowitz states that such data also invoked as an impetus for j is worthless as an indicator Fannie Mae to offer a trillion- 1 of ethnic bias as opposed to dollar commitment toward credit unworthiness, acqtfiring primary-market In 1992 the Federal Reserve loans that had been made to periodic solos and transition "Bound for Blessing," a truly Drayton now and in the Economist StanJ. LiebowitzBank of Boston released a lower income borrowers. music, and concluding collaborative initiative of past. This year, the students didananalysisofthe,mortgage statistical analysis of bias in ,, According to the report, four performances of an the Ox Cart Trails group, will try out a method for meltdown entitled Anatomy minority mortgages which The GSE's [such as Fannie original community theater the School, and certainly gathering "stories" in some of a Train Wreck," published indicated that banks were Mae] have introduced on October 3, 2008. guilty of favoring whites,a new generation of production with a packed the community - with an direct interviews and in ,, Liebowitz begins with the According to Liebowitz later affordable, flexible, and house on Sunday afternoon amazing cast of forty two follow-up via digital means, political pinata" of home studies indicated that thetargeted mortgages, thereby ...WOW, how often does that actors ... including children, such as free conversations by ownership. In 1901,47percent Boston study used "badly ftmdamentally altering the happen in a rural town under young adults, polished Internet communications, ofAmericans owned their own mangled" data to support terms upon which mortgage 1000population. performers, and older thanJoeLambert, aprofessional homes, a ratenotinfluencedits conclusions. However, credit was offered in the This rare sense of ordinary role players ... all inInternationalmarkets, was by the federal government,government officials leaped LInited States from the 1960s community drew about 700 portraying an original play, genuinelyimpressedwithhis During the Great Depression to the support of the Bank's throughthe 1980s." people to the performances adapted by local playwright visit to Drayton and enjoyed home building went into study. In addition, the report of"Bound for Blesssing," the Saralee Hoselton, taken from meeting some of the cast decline. Banks were short of Liebowitz and a colleague,stated that "...depository I second annual production of an adaptation of Lauraine Snelling's early novels from the "Red River of the North" series. Combined with the annual Riverfest event and the Drayton High School reunion, the weekend brought an estimated 1200 ??? (Larry, edit this to accuracy) visitors to town. The Chamber of Commerce sponsors the Riverfest activities, which is a full menu of fun. Young children and seniors alike engage in games, contests, and events on the green grass along Main Street on one side and the gentle bend of the Red River on the other side. The activities that have their roots over the past 13 years are a parade, luncheon, fishing rally and sporting tournaments, such as horseshoe, bike run and early morning 'walk-run." Watching the fishing boats take off with a roar of power to snag the prize-winning catfish of the rally was exciting. On Friday, a writing seminar by author Lauraine Shelling gathered a group of aspiring writers from surroundhag towns to a full day of sharpening their skills as wordsmiths. The Ox Cart Trails Historical Society sponsors the workshop. The annual Drayton High School Reunion will this year honor the years 2010 ???? and 1960, with a banquet on Friday evening. The "Supper at the Soddie" on Saturday evening at "Blessing Square" on the Ox Cart Trails Historical Society grounds was an enjoyable gathering for good food and "home cookin'." Members of the Society, in period clothing, "served Lauraine Snelling's novels, directed by Wayne Stegman and produced by Ox Cart Trails with Marlys Boll, president. The cast and stage crew were truly impressive. To attest to the quality of this community theater, Joe Lambert, director of the Center for Digital Storytelling in Berkelely, which has a presence in 33 countries, spent an evening at a rehearsal last week and talked with community leaders on the following day about Drayton becoming involved as a hub of storytelling in future events. Discussions took place about how the "Blessing ND" proposal, a written business plan submitted last year in the Governor's "Innovate ND" contest, could become a reality and establish a "Storytelling Festival" in Drayton. Such a proposed Media Arts Center could feature writing seminars, theater, journalism, photography, music media and video in creating short films that "capture stories and create communities." Although the proposal did not win any prizes from Innovate ND (except positive feedback), the foundation for such an initiative was put together in a business proposal that promoted heritage tourism through media arts and new media marketing. Currently, such a project seems to be gaining ground toward becoming a reality at a grass-root level. A Media Arts Center could set Drayton apart from other rural towns across the state or take a leading civic role in creating a model for documenting and producing stories of heritage in a potential network of small and community leaders. He was the featured speaker on July 1 at the ND Museum of Art on an evening's program - "Centering the Circle: Connecting Families and CommunitiesthroughDigital Storytelling." Other topics during the evening were "Storytelling as a Method of Non-profit Fundraising" and a 14-year-old "Youth Perspective on Stories." The eveningwas sponsoredbythe LIND Center for Community Engagement, the Drayton Ox Cart Trails Historical Society, and the Northwood Pioneer Museum. Lauraine SneUing, a well- known personality locally and nationally, renewed her dedication this week to keep Blessing ND growing and outreaching to wider audiences. Few towns have such support and appeal from a person who is still close to memories of family heritage in the area, which seeds her creativity in publishing over 60 novels. The weekend of Riverfest was positive evidence of a community spirit in the Drayton community with initiative and progress that makes the community unique. The energy that such community efforts produce is "bottom line" for a town to prosper and grow. The challenge, in my view, is how to "widen the stage" that was seen in Drayton on Sunday to be visited by a "global audience," either onsite or online. IfND is a state with surplus budgets, and Norway one of the richest countries, a few dollars could go a long way in Drayton to help connect communities with common roots across continents to stories of timeless heritage. cash. As a result mortgages Ted Day, undertook a study institutions, spurred by the were hard to come by, and of the Boston analysis. They threat of CRA challenges and :t when they were obtained they discovered at least six data the lure of significant profit 1 generally had to be paid off in a year or two. In 1934 the federal government established the Federal Housing Administration (FHA) to guarantee mortgages against default, thus giving banks an incentive to open up the mortgage market. In 1938 Fannie Mae was set up to purchase FHA- backed mortgages. Later Fannie Mae's scope was widened so that it became the purchaser and re-packager of a large percentage of private mortgages. Eventually many low-income home buyers turned to the FHA and Fannie Mae for help. In 1977 Congress passed the Commtmity Reinvestment Act (CRA) which required "...banks to conduct business across the entirety of the geographic areas in which they operated...." This meant they could not neglect their less-wealthy areas in favor of the more affluent suburbs. In compliance with the Home Mortgage Disclosure Act (HMDA) of 1975, mortgage lenders had to "...provide detailed information about mortgage applications." Thus, everyyear banks are scored on their CRA compliance, as well as their financial viability. The HMDA data was expanded to show rejection rates by race. Various problems in the study. When Liebowitz and Day removed the data problems, they found no evidence of ethnic or racial discrimination, therefore eliminating the reason given for attempting to correct the mortgage market. However, the Boston Fed reiterated its support of the study, and the federal regulators moved into policy-writing mode, which resulted in a weakening of underwriting standards. In 2002 Fannie Mae issued a report entitled "The Potential and Limitations of Mortgage Innovation in Fostering Homeownership in the United States." It cited the Community Reinvestment potential in underserved markets have pioneered flexible mortgage products." The authors called the weaker lending standards "mortgage innovation." Liebowitz and Day searched the report, or, for that matter, any housing literature between 1990 and 2006, in vain for any statement that said the "mortgage innovations" (weaker lending standards) supported by every government housing agency, Congress, the president, the GSE's, and, initially, the lending banks "...might lead to high defaults, particularly if housing prices should stop rising." ! ,i Notice of Request for Bids Drayton Township is accepting bids for the graveling of roads within Drayton Township. All gravel to be hauled from Narloch pits. Bid should be for hauling/spreading only. Submit Your Bids To: Drayton Township Gravel Bid :- c/o Township Clerk 7789 158th Avenue NE Drayton, ND 58225 Bids will be accepted through August 6th, 2010. New to Riverfest this year, Mud Volleyball, proved to be great entertainment for spectators and participants (top and left). Pete Marciniak above, never short on creativity gets a "unique" haircut every Riveffest. This year he decided to advertise his establishment. with this limited time offer from Midcontinent! iii~ ....... iJiii ~ ~ .~i! .... ' .i!i ~i! i Theatre DVR Suite and MidcoNeP Preferred Broadband Bundle @ per month for 6 Months i ORDER, UPGRADE AND MORE WITH MYMIDCOTM AT MIDCOCOMM.CGM CALL 1.800.888.1300 GO ONLINE: MIDCOCOMM.COM VISIT ONE OF OUR CUSTOMER SERVICE CENTERS. ~' FiND A LOCATION NEAR YOU AT MIDCOCOMM.COM. t~ ii!!~Ji':i ~ : Midcontinent COMMUMICATtO~S B 7 ~!~!~!~i!i~iiii!!~!iiiiiiiiiii!~iiiiiiiii~iiiii~iiiii~iii~i~i~!~?~!!!iii!!!i!!iiiiiiiii~iiiiiiii~ !~i~