The Bulletin 11/18/2010

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‘The Deathly Hallows, Part 1’

An early taste of winter

COMING FRIDAY

Get out your heavy coats and get ready for cold and snow • LOCAL, C1

WEATHER TODAY

THURSDAY

Mostly cloudy, mixed showers High 42, Low 19 Page C6

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Dangerous trends? Styling with formaldehyde HEALTH, F1

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REDMOND

$15 million in bond savings to be spent on school improvements

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The Bulletin

Officially, Bank of the Cascades may not be out of the woods, but the announcement of a capital infusion that will allow the bank and its parent company to meet regulatory requirements brought joy Wednesday to the community. “For Central Oregon, Christmas came early,” said Bill Smith, of William Smith Properties and developer of the Old Mill District in Bend. “If we didn’t have Bank of the Cascades, Regal (cinemas) wouldn’t be here and the Old Mill District would not look the way it does.” Nobody else would finance the project except for Bank of the Cascades, Smith said. Cascade Bancorp, the bank’s parent company, reached agreements with investors on a stock sale anticipated to raise $177 million, the company announced Tuesday afternoon. It also will be implementing a 1-for-10 reverse stock split starting Monday that technically will not change the overall value of investors’ holdings. However, like stock market investments in general, it brings risks, and one financial adviser urged Cascade Bancorp shareholders to have patience. The company’s announcement came 15 months after it agreed to operate under rules outlined in a consent order from federal and state regulators. See BOTC / A4

The Bulletin

TOP NEWS INSIDE POLITICS: Democrats vote to keep Pelosi as their leader, Page A3

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Vol. 107, No. 322, 40 pages, 7 sections

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$177M deal still requires approval from shareholders, the Fed, but the mood is that ‘Christmas came early’ By Tim Doran

By Patrick Cliff REDMOND — The Redmond School District will spend roughly $15 million in project bond savings on repairing schools and constructing bleachers at the new high school, a move that comes after a unanimous Redmond School Board vote Wednesday night. About a half-dozen people attended the board meeting, most of them speaking in support of spending the bond savings. That group included some Redmond High School staff. One Redmond resident pushed the board to return the savings to taxpayers, a move that would have resulted in either a onetime tax break of about $700 or annual discounts of roughly $33 for about 20 years on a property assessed at $150,000. Even though the vote was unanimous, there were emotional moments leading to the decision. A high school teacher described how students were struggling to pay athletic fees. Board member Cathy Miller described how a family member is about to lose his home. Still, she voted for the spending because she believed the money would best be used on district improvements. See Schools / A4

Cautious optimism settles in at BOTC

Photos by Rob Kerr / The Bulletin

Sylvia Aker, 74, left, chats with Teresa Ria Simpson, 27, while visiting Simpson’s newborn, Prescott, at the St. Charles Bend neonatal intensive care unit Wednesday afternoon. Aker, a nurse and Simpson’s co-worker at Shasta Administrative Services in Redmond, helped to deliver the premature baby at work.

Quick-thinking co-workers help with baby’s birth in Redmond office By Kate Ramsayer The Bulletin

T

eresa Ria Simpson was nearly seven months pregnant when she started feeling like something was a little off. She thought she had indigestion or was hungry. Or, perhaps the baby was just kicking a lot. But an hour later, she gave birth to a boy — not at a hospital in February, as expected, but on the floor of her Redmond workplace’s bathroom. It happened with the help of quick-thinking co-workers who performed CPR to get the tiny baby breathing. “You made a good team,” Simpson said Wednesday afternoon to one of the co-workers, Sylvia Aker. The two were standing by Prescott Roger Simpson’s incubator at the neonatal intensive care unit at St. Charles Bend. Born Nov. 11, Prescott is now breathing on his own. The doctors say he is doing extremely well, Simpson said, and Wednesday he was healthy enough that his mom was able to hold him for the first time. His arrival was a big surprise. Simpson, 27, was working at

Experimental drug increases levels of ‘good’ cholesterol By John Fauber Milwaukee Journal Sentinel

Prescott Simpson, born Nov. 11, is doing well in the neonatal intensive care unit. A neoprene headband, decorated with a sunglasses design, protects his eyes, while a bluish light provides warmth. Shasta Administrative Services, a Redmond-based medical insurance administrator, Thursday when her stomach started aching, she said. “This is my first delivery, my first baby, so I don’t know what contractions are,” she said. “It kind of felt like it would feel if my baby’s just kicking ... I really didn’t think any-

thing about it.” Simpson ate some lunch and went back to work. But after taking a call, she had to run to the bathroom. “It felt like something popped out,” she said. “My first thought was, what the heck was that? Then I looked down and saw a foot.” See Baby / A5

CHICAGO — An experimental drug dramatically raised good HDL cholesterol, but before it gets on the market, researchers must be sure that doing so saves lives rather than taking them, as a similar drug did several years ago. The long-awaited clinical trial results presented Wednesday are a crucial advance in what doctors say may be the next big breakthrough in treating and preventing heart disease, one that eventually could resolve a long-standing theory about HDL cholesterol and artery health. Years of observational research have showed that people with naturally high levels of HDL have fewer heart attacks and strokes. But will drug-induced increases in HDL do the same thing? Doctors warn that the physiology of HDL cholesterol, which actually is a family of particles, is complicated and far from fully understood. “There are so many functions (of HDL cholesterol),” said Eliot Brinton, a researcher at the University of Utah School of Medicine, Merck consultant and co-author of the study of the drug, anacetrapib. See Drug / A5

IS AIRPORT SECURITY TOO INTRUSIVE?

As holiday travel picks up, so does debate about scanners By Jeffrey Leib The Denver Post

DENVER — The debate over whether airport security screening is too intrusive continued Wednesday in advance of the Thanksgiving rush, with some travelers invoking their constitutional right against unreasonable

search and others more forgiving of efforts to keep travel safe. At Denver International Airport Jeffrey “Gator” Henry, of Charlotte, N.C., moved through security in gym shorts and a tank top, part of his plan to reject screening by an imaging device and request a pat-down instead.

Some travelers object to the imaging machines, which either use millimeter-wave or backscatter X-ray technology to electronically strip down travelers and allow security screeners to search for concealed weapons or explosives. “It’s an invasion of privacy,”

said Henry, a television and film producer. He said he has joined the nascent movement that is asking travelers to voluntarily opt out of screening by the full-body scanners in favor of more timeconsuming pat-downs. Some have designated the day before

Thanksgiving as “national optout day.” “I dressed this way so there is nothing to pat down,” he said of more intensive hand searches by Transportation Security Administration screeners that began in recent weeks. See Security / A4


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