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#1
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BT wrote:
Unfortunately, yes. I raised it again last week and the membership has agreed to discuss this at our next meeting, but I found out from the treasurer that rather than raise hourly rates the club has been burning its capital fund which is now down to an amount that won't even replace the run-out engine let alone the entire airplane. So, I'm going to this meeting, but I fully expect to leave the club after the meeting. Matt Sounds like fiscal irresponsibility to spend set aside engine rebuild funds on something other than the engine. Are there by-laws in this club? Does not sound like a club at all. Sure, but they don't cover things like this. I've rarely seen bylaws that have this level of detail. It is mostly club history and convention going back many years I'm told (I joined just 3 years ago). I never even thought about this before and thus hadn't asked the tough questions or dug into the financials (most meetings don't even happen due to lack of a quorum). I should have dug in sooner, but just never envisioned this happening. I didn't join the club for a number of years as it was glaringly mismanaged financially and was in debt. It was 8 months behind on its fuel bill to the FBO so something like that and I was surprised they could still buy fuel. They had two airplanes and sold one and got the bills paid up and had $30K in the bank. They also got a new treasurer so I joined. I thought they had turned the corner, but I guess old habits die hard... Matt |
#2
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![]() "Jay Honeck" wrote in message ups.com... A friend of mine flew his Cherokee Six from PA to MI last week, in perfect weather, and told me that he was one of three GA planes on any center or approach frequency for the entire flight... Mary, the kids, and I flew (in absolute perfect VFR conditions) to Springfield, IL this past Sunday. Cedar Rapids approach was dead (it was us and a commuter), Quad Cities approach was dead (it was us and one guy practicing approaches), Chicago Center was nearly dead (it was us and a few airliners), Peoria Approach was utterly dead (it was just us, for the entire time it took to cross his airspace), and Springfield had only us in the pattern. This on a picture-perfect, springtime weekend. In years past, those frequencies would have been JAMMED with pilots looking for flight following, picking up IFR approaches, etc. We've got Unicom playing in the lobby here, and I haven't heard a single plane all morning -- and it is again, perfect VFR today. Here at the hotel, we had one fly-in guest last night (a very cool United pilot who is re-tracing a Chicago-to-Los Angeles flight he made 30 years ago -- in the same Cessna 170 he flew in 1974!), and half a dozen guys flew in over the weekend (thanks to a type-specific fly-in) -- but those were the first fly-in guests we've had in several weeks. I know gas prices are up, but fuel is still a (relatively) small part of the cost of aircraft ownership. What else it going on here? Are you guys flying less, too? -- Might just be the usual period before the holiday. I don't have a feel for the GA indicatiors, but I know the lakes have been slow around here the past couple of weeks. But it always is before a summer holiday weekend like Memorial Day. Could be a trend too. I think I heard on CNN a week or so ago, that WalMart reported the largest single month sales decline in 20 years or so. |
#3
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Could be a trend too. I think I heard on CNN a week or so ago, that WalMart
reported the largest single month sales decline in 20 years or so. Our business is level which, considering the addition of three major, government-funded hotels in our market, we consider a "victory". Of course, this comes after four years of double-digit growth, so suddenly going flat "feels" like losing... I think gas prices are really, really hurting the "common man". I've got housekeepers and desk staff who have seen a HUGE increase in their driving expense, with no compensating increase in wages. This shortfall has to be made up somewhere -- so I suspect we're seeing Wal- Mart (and other stores) get hit by the back wash. IMHO, the big-box restaurant chains ("Applebees" and such) will get hit the worst in an economic downturn. That's where a lot of discretionary American income gets ****ed away nowadays, and it'll be the first thing eliminated. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#4
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![]() "Jay Honeck" wrote in message oups.com... Our business is level which, considering the addition of three major, government-funded hotels in our market, we consider a "victory". Of course, this comes after four years of double-digit growth, so suddenly going flat "feels" like losing... I think gas prices are really, really hurting the "common man". I've got housekeepers and desk staff who have seen a HUGE increase in their driving expense, with no compensating increase in wages. This shortfall has to be made up somewhere -- so I suspect we're seeing Wal- Mart (and other stores) get hit by the back wash. IMHO, the big-box restaurant chains ("Applebees" and such) will get hit the worst in an economic downturn. That's where a lot of discretionary American income gets ****ed away nowadays, and it'll be the first thing eliminated. -- I think so too. I think everyone tried to ignore the gas hikes last year and continue business as usual as much as possible, hoping it would be temporary. Then prices backed up a bit, and kind of reassured us. But this time I think we are all having to admit to a serious problem, it's here to stay, and people are starting to react. Hopefully your business is specialized enough to fair better than most. But I'm guessing most of us are in for a whole new ballgame, at least until post election 2008. |
#5
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Jay Honeck writes:
I think gas prices are really, really hurting the "common man". I've got housekeepers and desk staff who have seen a HUGE increase in their driving expense, with no compensating increase in wages. This shortfall has to be made up somewhere ... Have them buy stock in Exxon. The money they are paying out in gas is going into shareholders' pockets. IMHO, the big-box restaurant chains ("Applebees" and such) will get hit the worst in an economic downturn. That's where a lot of discretionary American income gets ****ed away nowadays, and it'll be the first thing eliminated. Unfortunately, GA will probably go first. -- Transpose mxsmanic and gmail to reach me by e-mail. |
#6
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![]() "Mxsmanic" wrote in message ... Have them buy stock in Exxon. The money they are paying out in gas is going into shareholders' pockets. Now you are a stock expert too. Unfortunately, GA will probably go first. We know you are hoping. Did it rain out the playground, or did you screw up and take double meds again? |
#7
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Mxsmanic wrote in
: Jay Honeck writes: I think gas prices are really, really hurting the "common man". I've got housekeepers and desk staff who have seen a HUGE increase in their driving expense, with no compensating increase in wages. This shortfall has to be made up somewhere ... Have them buy stock in Exxon. The money they are paying out in gas is going into shareholders' pockets. IMHO, the big-box restaurant chains ("Applebees" and such) will get hit the worst in an economic downturn. That's where a lot of discretionary American income gets ****ed away nowadays, and it'll be the first thing eliminated. Unfortunately, GA will probably go first. No, it won't fjukktard Bertie |
#8
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Jay Honeck wrote:
Could be a trend too. I think I heard on CNN a week or so ago, that WalMart reported the largest single month sales decline in 20 years or so. Our business is level which, considering the addition of three major, government-funded hotels in our market, we consider a "victory". Of course, this comes after four years of double-digit growth, so suddenly going flat "feels" like losing... I think gas prices are really, really hurting the "common man". I've got housekeepers and desk staff who have seen a HUGE increase in their driving expense, with no compensating increase in wages. This shortfall has to be made up somewhere -- so I suspect we're seeing Wal- Mart (and other stores) get hit by the back wash. IMHO, the big-box restaurant chains ("Applebees" and such) will get hit the worst in an economic downturn. That's where a lot of discretionary American income gets ****ed away nowadays, and it'll be the first thing eliminated. Yes, but many low income folks that I know (and I live in a low income area) spend more each week on cigarettes, beer and lottery tickets than on the increase in gasoline. I drive 40 miles to work and back each day for roughly 200 miles per week not counting trips out to lunch. I drive either my Sonata (29 MPG) or my Chevy truck (17 MPG), but let's use the truck as the worst case. The truck burns say 12 gallons/week for my commute. When gas was $2/gallon this was $24/week. Now at $3.14 I pay $38/week. I'm not saying that the extra $14/week goes unnoticed, but I know people who spend far more than that each week on cigarettes alone, not counting beer and lottery tickets. So, there are many places that can be cut back, but most folks will give up cigarettes last, beer next to last and lottery tickets right before the beer! :-) And if I drive the Sonata (which I do when my daughter doesn't need our other vehicle), the difference is only about $8/week. Hardly enough to dramatically change my buying habits. And folks that live closer to work have commensurately less of a change. Matt |
#9
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At this point I'd take the $3.14 a gallon... I just filled up today for
$3.59 for 87 unleaded. I still gave a wink to the Hummer guy next to me as I topped off my Accord. :-) I sold my partner my share of our Mooney a few months ago and I honestly haven't missed it a bit. I gave aviation a fiar shot for over 6 years and came to the conclusion that the expense wasn't worth the reward. Then again it has only been a few months without flying. I am reserving the right to change my mind at any time. I do know that if I do go back to flying that renting will be the way to go for me. I sure can do a lot with the 15 AMU's a year I was spending on owning. YMMV Jon Matt Whiting wrote: Now at $3.14 I pay $38/week. |
#10
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Jon Kraus wrote:
At this point I'd take the $3.14 a gallon... I just filled up today for $3.59 for 87 unleaded. I still gave a wink to the Hummer guy next to me as I topped off my Accord. :-) I sold my partner my share of our Mooney a few months ago and I honestly haven't missed it a bit. I gave aviation a fiar shot for over 6 years and came to the conclusion that the expense wasn't worth the reward. Then again it has only been a few months without flying. I am reserving the right to change my mind at any time. I do know that if I do go back to flying that renting will be the way to go for me. I sure can do a lot with the 15 AMU's a year I was spending on owning. YMMV I would agree if renting was an option. However, of the three airports within 35 miles of my house, none currently have aircraft available for rent. The one sold its last rental 172 to a friend of mine and the owner hasn't replaced it yet. I believe he will, but at the moment renting isn't even an option. Sigh... Matt |
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