THE MONEY MINUTE: The new American Dream

by Jac M. Arbour CFP®, ChFC®
President, J.M. Arbour Wealth Management

The dream has shifted. It used to be a house, a picket fence, a new car, two healthy kids, job security, and maybe a family trip once or twice per year.

Today, younger people are not as interested in buying homes, and they’re starting families later than previous generations. Younger people seem to be more interested in experiences and are more averse to debt, probably due to the debt they already amassed by attending college. Can you blame them?

One thing hasn’t changed and probably never will. Whether it’s purchasing a house or a new sports car or traveling to explore new cultures, we are all looking for a certain something from the things we buy or in which we invest. I believe this certain something is a feeling.

Think of it this way: People don’t buy cars. They buy performance. They buy luxury. They buy a symbol of success or achievement. They buy the freedom to get out of the house and go somewhere, quickly. They buy convenience and safety. Similarly, people don’t buy vacations. They buy adventures. They buy discovery. They buy memories. They buy a stress-free environment. They buy excitement and joy. In reality, we buy the emotions we believe the car or the vacation will give us.

Before you spend a dollar, whether for an object or an experience, or before you invest one, I suggest you ask yourself: What am I really doing? What am I hoping to get out of it? Is it probable that the result of the purchase or investment will align with the way I want to feel?

When you invest, in what form do you hope to earn a return? Is the return in the form of more money, an object or experience that money can buy, or is it a feeling that you seek? At JMA, we believe in the value of experiences as well as the value of a dollar.

Here is what I promise: When you ask yourself the right questions about what to do with your money, you increase the probability that the results you seek align with the results you experience.

See you all next month.

Jac Arbour is the President of J.M. Arbour Wealth Manage­ment. He can be reached at 207-248-6767.

Investment advisory services are offered through Foundations Investment Advisors, LLC, an SEC registered investment adviser.

SCORES & OUTDOORS – Vernal pools: valuable small bodies of water

A vernal pool in Maine. (photo from the University of Maine, vernalpools.me)

Roland D. Halleeby Roland D. Hallee

We talked about vernal pools several years ago, but I think it’s time to visit the subject again.

Vernal pools are seasonal pools of water that provide habitat for distinctive plants and animals. They are considered to be a distinctive type of wetland usually devoid of fish, and thus allow the safe development of natal amphibian and insect species unable to withstand competition or predation by fish.

Typically, a vernal pool has three phases each year: it is inundated in the winter, dries slowly in the spring, and completely dries in summer.

Vernal pools favor native species because non-natives can’t handle the conditions of the water staying on the landscape for as long as it does, but not long enough to support truly aquatic species.

A key formation of the vernal pools is due to the impermeable layer. Clay soils bind closely together and become inpermeable to water. When it rains the water percolates until it reaches the claypan and sits there, filling up with material and water.

Vernal pools can form anywhere that a depression fills with water. They can be found on bedrock of many kinds, or in grasslands that form over a variety of soil types containing silts and clays.

Vernal pools are so called because they are often, though not necessarily, as their maximum depth in the spring. Vernal means, of, relating to, or occurring in the spring. Vernal pools may form in forests, but they are more typically associated with grasslands and rocky plains or basins.

Despite being dry at times, vernal pools teem with life when filled. The most obvious inhabitants are various species of breeding frogs and toads. Some salamanders also utilize vernal pools for reproduction, but the adults may visit the pool only briefly. Other notable inhabitants are daphnia and fairy shrimp, the latter often used as an indicator species to decisively define a vernal pool. Other indicator species, at least in New England, are the wood frog, the spadefoot toad and some species of mole salamanders.

The major threats to vernal pool habitats are agriculture, urbanization, changes in hydrology, climate change and improperly managed grazing by livestock.

Therefore, in some areas, there are restoration efforts underway.

Vernal pools are prime habitats to be targeted for restoration work due to their value as hotpots of biodiversity as well as recent history of extensive destruction and degradation.

There has been a fair amount of controversy surrounding the practice of mitigation, which is the destruction of protected or endangered species and habitats, such as vernal pools, on the condition that whatever entity (business, land manager, etc.) is destroying the habitat will undertake the construction of a replacement habitat to “mitigate’ their impacts. This concept is difficult to apply to vernal pools, which represent a tremendous habitat value – but are difficult to successfully replicate using construction methods. Thus, it has been very controversial to apply mitigation strategies to vernal pool systems due to the obvious risks inherent in trying to reconstruct this kind of habitat. Although some agencies are now requiring two replacements for every vernal pool that is destroyed, in order to compensate for the low quality of man-made habitat.

With natural wildlife habitat threatened on daily basis, it is important to remember, and take into account, the value of these small bodies of water.

Roland’s trivia question of the week:

At the 2010 All-Star game, who became the only Red Sox player to win a home run derby by defeating Hanley Ramirez in the final?

Answer can be found here.

Roland’s Trivia Question for Thursday, July 4, 2019

At the 2010 All-Star game, who became the only Red Sox player to win a home run derby by defeating Hanley Ramirez in the final?

Answer:

David Ortiz.

Lead drills at football clinic

Pictured are Waterville and Winslow high school players who participated. (photo by Mark Huard of Central Maine Photography)

Over 40 local youth took part in a free USA Football First Down clinic offered by Winslow Youth Football and Cheerleading, and Waterville Youth Football on June 22 at Poulin Field, in Winslow. Winslow and Waterville football players led the drills while coaches spoke about the importance of school and working hard in everything you do.

Mid-Maine Chamber welcomes new marketing director

Courtney Squire (photo from Mid-Maine Chamber of Commerce)

Mid-Maine Chamber of Commerce, located in Waterville, welcomes Courtney Squire as its new marketing and development coordinator. Courtney graduated from Kennebec Valley Community College, in Fairfield, with an associate in marketing management and administration this spring. She is a Fairfield native, born and raised with roots that branch from Northern Maine all the way to Northern California. Traveling to and from the West Coast her whole life, she’s always enjoyed seeing how marketing strategies differ from state to state.

Her previous experience includes management and service work. Courtney has a passion for the business environment, public relations, marketing, and leadership. She is excited to grow with the chamber and become a valued asset. She offers the team her strong interpersonal skills, and sharp eye for detail.

 

 

 

REVIEW POTPOURRI – Mozart: Violin Concertos 1-5

Peter Catesby Peter Cates

Adagio and 2 Rondos

Lena Neudauer, violinist, with Bruno Weil conducting the Deutsche Radio Philharmonie Saarbrucken Kaiserslautern; SWR Music, 2 CDs, recorded 2013.

Lena Newdauer

Lena Neudauer, born in 1984, displayed extraordinary talent early in her childhood, but steered clear of starting her career during adolescence. In quoting her from the set’s liner notes, “I did not want to live in hotels and be constantly on stage when I was only 15.”

Instead, she kept learning under the tutelage of a few teachers, Thomas Zehetmair standing out among them. She performed with chamber music colleagues, a rock band on keyboards and percussion and got married and brought 2 children into the world. In short, she began her career with her feet firmly on the ground and considers her life a very happy one.

Neudauer’s set of Amadeus’s five Violin Concertos, Adagio in E Major and Rondos in B and C display a most level-headed intelligence, endearing sensitivity to every note and formidable virtuosity at the service of music. While quite familiar with Concertos 2-5 through recordings of Arthur Grumiaux, the Schneiderhan Brothers, Giaconda da Vito, Jascha Heifetz, Pinchas Zuckerman, Leonidas Kavakos etc., I find Neudauer’s performances worth adding to the shelves.

Her performances of the lesser-known 1st Violin Concerto, Adagio, and 2 Rondos bring out their own beauties, raising the desirability of this set for those who cherish these Concertos and who like fine music. Certain “music-critics in-the-know” have these works at a lower level than Mozart’s Piano Concertos, Symphonies and Operas; as far as I am concerned, they are full of claptrap. A set very much worth hearing and owning !

Recommended 4th of July music: anything by Aaron Copland, Stephen Foster, Edward MacDowell, Charles Ives, Burl Ives, The Weavers, Duke Ellington, George Gershwin, Samuel Barber, Charlie Mingus and other great American musical figures.

An inside look at local volunteer fire departments

Firefighters participate in a “live burn” training exercise in Albion. (photo courtesy of Albion Fire & Rescue)

by Eric W. Austin

In the decades since, 1947 has become known as “the year Maine burned.” More than 200 fires raged across the state in the fall of that year, destroying over a thousand homes and seasonal cabins, burning a quarter of a million acres, and utterly devastating nine Maine towns. Thousands of Mainers went homeless. Sixteen people were killed. Maine’s governor, Horace Hildreth, called for a state of emergency. President Harry Truman mobilized the U.S. Army and Navy to help fight the fires and evacuate citizens.

Portents of the coming catastrophe came as early as March of that year. After a long and weary winter, the citizens of Maine were greeted by spring rains that, once they arrived, refused to let up until well into June. This was followed by one of the driest summers on record. Autumn arrived and still the rains held off. By October, all of Maine was a tinderbox just waiting for the spark.

This “cottage,” owned by James G. Blaine, was one of those located along Millionaire’s Row in Bar Harbor, and destroyed in the 1947 fires. (photo courtesy Library of Congress)

Worst hit were York County and Mount Desert Island. The fires swept through Bar Harbor and obliterated the famous Millionaires’ Row, leveled half of Acadia National Park, and forced the evacuation of the island’s residents by sea.

Finally, on October 29, 1947, the rains came, and the fires across the state were at last brought under control. In the wreckage of gutted homes and flattened forests, the people of Maine began to think about how to prepare for the next fiery holocaust.

At the time of the ’47 fires, many of the smaller towns in Maine had no formally organized fire departments, and for those that did exist, there was no system in place for communication and cooperation in case of statewide fire emergencies. That all changed in 1947. Many of our local departments were established at this time, including South China and Albion, both in 1947, and two years later, Windsor, in 1949. China Village and Vassalboro boast a slightly earlier history, in 1942 and 1935 respectively.

This article about the current state of our local volunteer fire departments is based on interviews with seven area fire chiefs, from Albion, China, South China, Weeks Mills, Palermo, Vassalboro and Windsor. Research was also conducted using the internet, newspaper archives, and the exhaustively researched book by Joyce Butler, Wildfire Loose: The Week Maine Burned, available from the Albert Church Brown Memorial Library, in China Village.

Much has changed since the ’47 fires, and our local volunteer fire departments are facing some of the biggest challenges in their 70-plus year histories. With Climate Change bringing warmer weather, drier conditions and more extreme weather events, our volunteer fire departments are more important than ever before.

Tim Theriault, China Village Fire Chief

The number one issue on the minds of local fire chiefs is volunteer recruitment and retention. “It’s a national crisis,” says China Village Fire Chief Tim Theriault. “I’ve been on the fire commission for the State of Maine for five years, and this has been the number one topic. [Statewide], we had 12,000 volunteer firefighters a few years ago. We have 7,000 now. How do we fix this? There’s no silver bullet.”

The struggle to recruit and retain members of our local volunteer fire departments is part of a broader issue involving a lack of civic engagement affecting many organizations, including the Lions Club, the Masons and the American Legion. Volunteer groups like Fire and Rescue have been especially hard-hit by the drop in civic engagement, although it’s also apparent in other areas, such as the number of people running for local office.

“We had an opening [for selectman] last election, in March, and just one person ran,” Albion Fire and Rescue Chief Andy Clark says. “I think people are less likely to volunteer for their community than they used to.”

This decline in the enthusiasm of people to engage in their communities seems to be the result of a number of factors. One frequent complaint is that people are so busy today, often with both parents working just to make ends meet, and this leaves less time for involvement in community organizations.

The internet too has contributed to a drop in community engagement. People are finding their sense of community in online groups, which are usually based on common interests or ideologies, rather than common geography, and local organizations are suffering as a result.

Over the years, our communities have also shifted from rural towns, where people often worked near their homes, on farms or in local factories, to bedroom communities where people work quite a distance from their places of residence. This has had a significant impact on our volunteer fire departments’ ability to respond to daytime fires, especially during the week.

Windsor Fire Chief Arthur Strout, 79, receiving a recognition award for 60 years of service in April 2019. (photo by Eric Austin)

“Our daytime coverage isn’t getting any better,” says Albion’s chief, Andy Clark.

Windsor fire chief, Arthur Strout, relies heavily on several retired members of the department to deal with daytime fires. “There’s about four of us,” he says. “We call it the ‘senior group.’” Chief Strout, at 79, is one of them.

Training is another area that often serves as a barrier to those who might volunteer. Over the decades, training requirements have sharply increased, demanding a level of commitment that often surprises new recruits. Achieving Fireman 1 and 2 certifications can take upwards of 100 hours of classroom time, in addition to practical training involving live burns.

“The problem is,” says Vassalboro Deputy Chief Walker Thompson, “when you tell them they’ve got to go up to the fire school every other weekend, both Saturday and Sunday, [for four months], they might start it, but then they’ll drop out. They don’t realize how much bookwork is behind it.”

“The actual requirements from the Department of Labor haven’t really increased much over the last few years,” comments Albion’s Andy Clark, “but they’ve been more strict about making sure you do it.” However, he adds, “The training that you really need to obtain to do the job is increased, because there’s a lot more to it now.”

Many of our volunteer fire departments offer classroom training at the local station to make it easier for recruits to attend. “Every Monday night,” says Weeks Mills fire chief, Bill Van Wickler, who offers the training to new recruits from China and Palermo. “[We] started in October. We’ll finish sometime in June.” The study book they use is over a thousand pages and as thick as a brick. “All of what’s required is a lot of paperwork,” he says. “There’s just a lot to it to stay compliant. We all work hard at it. It’s time consuming.”

Like training, safety regulations have become more stringent over time. This can be a heavy burden for small departments staffed by volunteers, especially since state and federal agencies hold volunteer departments to the same standards as the bigger, fulltime fire departments. “That just strangles us out here,” says Palermo’s fire chief, Joshua Webb, who is also a fulltime firefighter for Gardiner.

A firefighter in full fire gear. (photo courtesy of Vassalboro Volunteer Fire Department)

As safety requirements pile on, the cost of equipment also increases. “If it says ‘rescue’ on it, you can double the price,” Webb says. To outfit a new recruit, including coat, hat, pants, gloves and boots, it can set a department back more than $6,000.

“I remember when I first joined the department, we didn’t have any coats,” says Windsor’s chief, Arthur Strout. “The only thing we had was boots. We had to buy our boots, and back then they were fifty bucks.” Today, those boots cost $400.

Air masks, commonly referred to as SCBAs (self-contained breathing apparatus), are another bit of equipment – and expense – that departments didn’t have to worry about 50 years ago. They sell for about $1,500 apiece. It’s another expense, requires additional training, and are mandatory for any firefighter attempting to enter a structure on fire. Further, state law insists that at least four SCBA-certified firefighters must be available before anyone can head into a burning building: two to go into the blaze, while two others stand by as backup in case something goes wrong. For a small department, like Palermo with six active members but only two SCBA-certified firefighters, that’s a high bar. Luckily, strong mutual aid agreements between communities mean these gaps are often filled by firefighters from other departments who respond to the call.

“You can depend on it more than you could back 20 years ago,” says Windsor fire chief, Arthur Strout. “Twenty years ago you were more or less on your own.”

This spirit of cooperation, first sparked in the aftermath of the ’47 fires between the affected New England states and the federal government, has blossomed on the local level in recent years as a response to staffing challenges. “These towns would be hurting if we didn’t have mutual aid,” Strout says. “Other towns depend on us like we depend on them.”

It’s these agreements that have allowed departments to maintain the same reliable coverage even as they struggle to retain volunteers and the towns they serve continue to grow in population.

Windsor firefighters testing water hoses for leaks and weak spots, as required by state regulations for safety. (photo courtesy of Windsor Volunteer Fire Department.)

Perhaps the biggest – but least obvious – danger to local departments is volunteer morale. Firefighting is a major commitment. Not only are firefighters risking life and limb to keep their communities safe, they are also sacrificing time with family and friends to spend many boring hours training in order to stay compliant with increasingly stringent state and federal regulations. It’s a lot to ask from anybody, but even more so from unpaid volunteers.

Disagreements between departments and the municipalities in which they operate can be disastrous. Earlier this year, such a disagreement in the town of Thorndike led to the resignation of 28 members of the department.

As Dick Morse, fire chief for South China, says, leading an organization of volunteers is different than being the manager of paid employees. People don’t volunteer to be firefighters for the money. They do it because they want to be part of something bigger than themselves. Destroy that fragile foundation, and the whole structure collapses.

“The only way you’re going to get people to continue to volunteer,” says Weeks Mills Chief Bill Van Wickler, “is if they feel good about it – if it makes them feel good – for their contribution.”

Fortunately, in most cases, fire departments enjoy warm support from their municipal governments, although that relationship is unique for each town. While Albion and Palermo maintain a separate firemen’s association, they think of themselves as essentially a part of their municipalities. Other departments, however, remain fiercely independent.

In recent years, to encourage participation and attract new recruits, most departments have instituted a policy of paying volunteers stipends. Palermo is the lone exception to this, although Chief Webb says a stipend policy has been approved by the town select board and will be implemented soon.

Stipends tend to run in the range of $10-$15 per call for rank and file volunteers, with some departments paying a per hour amount specifically for structure fires. “You’re [basically] paying for gas,” says Dennis Strout, a member of the Windsor fire department.

Officers and chiefs receive more, on account of the administrative overhead they have to deal with, but that hardly covers the amount of work the job requires. Bill Van Wickler, in his second year as chief for the Weeks Mills fire department, admits, “There’s an awful lot more to this than I realized when I thought it would be a good thing to do. I’m not saying I wouldn’t have done it; I’m just saying it was an eye-opener. I had no idea how much work being the chief would be.”

The challenge to find new recruits for local volunteer fire departments is also being addressed on the state level. A measure, the Length of Service Award Program (LOSAP), which would set up a pension fund for Maine’s volunteer firefighters, was passed by the Maine legislature and signed into law by Gov. Paul LePage several years ago, but has since failed to be appropriated any funding. A new bill to fund the program, called “An Act to Attract and Retain Firefighters,” co-sponsored by State Representative and China Village Fire Chief Tim Theriault, was recently passed unanimously out of committee. Although it was set to be voted on by the full legislature during budget negotiations in June, it has now been delayed until next year. Despite these setbacks, Theriault remains optimistic the measure will be funded in the next legislative session.

The fires firefighters are fighting have changed as well, becoming more dangerous to the men and women on the frontlines. Fifty years ago, homes were made primarily of natural materials: wood, steel, and organic products like horse hair for stuffing and insulation. Today, those materials have been replaced with vinyl siding, petroleum-based foam or plastic, and fiberglass. “They burn faster and give off more toxic fumes,” says Vassalboro Fire Chief Eric Rowe. Ironically, the fire retardant used on many products produces deadly smoke when it does burn, making air masks a necessity for anyone venturing into a burning building. “You get it on your coat and your gear,” Rowe says. “That’s how firefighters get cancer.”

“Building construction is a lot more dangerous today,” confirms Albion fire chief, Andy Clark. “You have hazardous materials, you know, and meth labs. There’s just a lot more [to worry about] than there ever was when I started [in 1993].”

Members of Albion Volunteer Fire & Rescue. (photo courtesy of Albion Fire & Rescue)

Further, the toxic, dangerous nature of today’s house fires requires departments to maintain two sets of gear for each firefighter. One set needs to be ready to go while the other is being cleaned of poisonous chemicals. This requirement doubles the cost of outfitting new recruits, and because most of this gear needs to be custom-fitted for each volunteer, if a recruit quits, there’s no guarantee the gear you just purchased will fit the next one.

Yet, despite all these challenges facing our volunteer fire departments, the news is not all bad. This past year, China, Windsor, and Albion departments have all seen the highest number of new recruits in years, and Palermo is rebuilding its department after half a decade of decline. Fundraising efforts are up for almost everyone, and inter-town departmental ties are stronger than at any time in the past.

But what’s most important to local volunteer fire departments is having the support of the communities they protect, and recognition for the vital role they serve.

“On the worst day of the year, [when] there’s a storm, and everybody’s hunkered down in their homes, and a house catches on fire, or the wires go down, trees go down across the roads – they call me. They call my guys,” says China Village Fire Chief Tim Theriault. “If it’s ten below zero, we’re gonna be there, fighting that fire.”

Eric W. Austin writes about technology and community issues. He can be reached by email at ericwaustin@gmail.com.