Bulletin Daily Paper 04/27/10

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Mountain biking for all

More cycling: Cascade Classic getting a makeover

Bend parks program is for novices and longtime riders alike • SPORTS, D1

SPORTS, D1

WEATHER TODAY

TUESDAY

Cloudy, breezy, rain showers High 52, Low 29 Page C6

• April 27, 2010 50¢

Serving Central Oregon since 1903 www.bendbulletin.com

Deployment, this time with a twist Epic Air Local Guard troops headed to Iraq will be split among other companies • LOCAL, C1

Cascade Bancorp talks future direction with shareholders

Make hay, but first a barn

Group that bought into bankrupt company says files were seized By Nick Budnick The Bulletin

Possible reverse stock split OK’d; recent jump in stock price questioned By Andrew Moore The Bulletin

Directors of Cascade Bancorp, the Bend-based parent company of the Bank of the Cascades, heard from a number of skeptical shareholders at the company’s annual meeting Monday evening at the Bend Golf and Country Club. Sha reholders also overwhelmingly Inside approved three • Tracking initiatives share prices, enabling the Page A4 compa ny’s board to authorize a reverse stock split, which could boost the company’s stock price and keep it from being delisted by Nasdaq. A reverse stock split generally inflates the prices of a company’s stock by exchanging a number of shares for a single share. For example, in a 1-for-10 reverse stock split, 10 shares would be exchanged for one share. But what seemed most pressing on every shareholder’s mind was why the company’s stock jumped more than 90 percent in trading last week, from an opening price of 73 cents on Thursday to Friday’s close at $1.39. Company president and CEO Patricia Moss told the audience of roughly 150 people that the company directors and employees are wondering why themselves. “The very first question I heard tonight was ‘What’s happening with the stock,’ and I think one shareholder got it right when he said ‘There are more buyers than sellers,’” Moss said. “That’s as much as we know, too.” See Bank / A4

Pete Erickson / The Bulletin

W

orkers lift wood to be used in a new

University Extension crop scientist Rich Affeldt.

hay barn under construction Mon-

Local farmers also are planting carrot roots

day at Jeff Whitaker’s farm near

crops to be used for their seeds — like coriander

the growing season on April 15 when the irriga-

and spring wheat — and applying fertilizer, Af-

tion water is turned on, according to Oregon State

feldt said.

EXERCISE TACTICS

To beat the heat, consider a slushy, study says New York Times News Service

FINANCIAL REFORM: Battle shaping up as GOP blocks bill, Page B1

INDEX Business

B1-6

Local

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It’s no surprise that it’s hard to exercise on a hot day. You go slower. An easy workout is grueling. You have no endurance. The reasons are also no surprise. Blood is directed to the skin for cool-

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Movies

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Classified

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Obituaries

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Comics

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Sports

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By Kirk Johnson

Community E1-6

Stocks

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Crossword E5, G2

TV listings

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Editorial

Weather

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EUREKA, Mont. — Hundreds of adopted children, most of them Russian, have come here to northwest Montana to live and perhaps find healing grace with the horses and cows and rolling fields on Joyce Sterkel’s ranch. Some want to return to the families that adopted them, despite their troubles. Others, like Vanya Klusyk, have seen far too much of what the world can dish out. Vanya, 17, suffers from fetal alcohol syndrome, which affects his reasoning ability, his

We use recycled newsprint The Bulletin An Independent Newspaper

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Vol. 107, No. 117, 42 pages, 7 sections

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ing, which means it is diverted from working muscles. The hotter it is, and the harder the effort, the harder exercise becomes. Eventually, you slow down or stop, unable to go on. Exercise physiologists debate why. It could be that muscles are starved for blood. It could be that the brain gets too hot.

It could be that the heart eventually can’t beat fast enough to satisfy all the demands for blood. But even without knowing why, researchers have found they can delay the time to utter exhaustion by getting people a bit chilled before they start. See Exercise / A4

Inside • More health related news, Page A4

New York Times News Service

impulse control, his intelligence and even his height. Then there were the beatings in the Russian orphanage, he said, where he lived from age 8 to 14, until a couple from California brought him to America. “There were bigger boys, 18 and 19, and I was too small,” he said in a quiet voice, standing in the bright sun outside the ranch’s school on a recent morning. Vanya, who turns 18 this summer, wants to stay on after graduation, working with other wounded children, and Sterkel has said he can. See Ranch / A5

SALEM — The drama around the bankruptcy and hoped-for rescue of the city-subsidized aircraft-maker Epic Air of Bend may not be over, as the company’s failure appears to be the subject of an FBI probe. Earlier this month, the remains of Epic were purchased by a collaboration between a Chinese-government-owned aircraft company and a group of former Epic customers that aims to continue manufacturing kitbuilt aircraft in Bend. Now, the customer group, called LT Builders Group, is trying to sort out property claims against the former company. It’s also hoping to get access to Epic’s files, which have been seized by the FBI, according to the customer group’s Daryl Ingalsbe. “When the FBI seizes files, they pretty much don’t give them back,” said Ingalsbe, adding that he’s been in touch with the agency about accessing the seized files. “What we’re going to do is go to the FBI in Bend and see which (documents) we need and pay to have them copied.” He said he and another leader of LT Builders Group, Doug King, have been interviewed by an FBI agent. Ingalsbe said that if crimes were committed, he hopes the perpetrators are brought to justice. “We think that people that steal from other people ought to be prosecuted,” he said. Rick Schrameck, Epic’s former CEO, did not respond to voicemails and a text message requesting comment. In a brief telephone interview earlier this month, he declined to comment on Epic and hung up on a reporter. See Epic / A5

SEC heeds one man’s alerts from Iowa, too late for many By Max Frumes

Far from Russia, a 2nd chance for adoptees

Calendar

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by hand, clearing fields of weeds, planting other

Culver. Many farmers in the area get started with

By Gina Kolata

TOP NEWS INSIDE

under scrutiny of FBI

McClatchy-Tribune News Service

Janie Osborne / New York Times News Service

Two students enter the Ranch for Kids in Eureka, Mont. While much of the attention from a recent Russian adoption incident has focused on the parents and governments, many Russian adoptees themselves have found peace at the Montana ranch.

WASHINGTON — Kevin McLaughlin had been saying it for years: The Securities and Exchange Commission, the nation’s guardian of stock markets, botched a potential investigation into opaque financial dealings that cost small investors millions of dollars. Now an internal investigation has vindicated some of his claims. “If you’re a guy sitting out here in Des Moines like me, you want to invest in accounting systems you understand,” said McLaughlin, who filed 17 complaints with the SEC about the telecom company Metromedia International Group from 2005 to 2007 before it took any action. “I thought I had cops on the beat who could warn me about what’s going on.” See SEC / A4


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