For Olympic Winners, Losing Track of a Medal Is a Personal Bust

Michael Phelps, Shaun White Had Prizes Go Missing; When an eBay Knockoff Will Do

By STU WOO and GEOFFREY A. FOWLER

Chicago White Sox shortstop Alexei Ramirez won gold for Cuba’s baseball team in 2004. But he lost the medal when he moved to Chicago. Losing an Olympic medal is more common than you might think, but getting a replacement can be an Olympian task.

When Dutch rower Diederik Simon arrived at an Athens beach party during the 2004 Olympics, he noticed something missing from his pocket: the silver medal he had just won. “I was panicking, and I didn’t tell anybody,” he says.

Mr. Simon spent the celebration quietly searching for his medal. Before midnight, though, he gave up and went to the police station. Filling out a lost-property report, the officer asked him, “What color was the lost item? Ah, yes, silver.”

In the coming days, Olympians at the London Games will win about 3,000 medals, each the culmination of years of hard work. And in a moment’s carelessness, a few of those medals will be lost, perhaps as soon as the medal celebration itself.

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Chicago White SoxAlexei Ramirez’s gold medal replica.

After winning gold in the 1988 Seoul Games, Italian rower Davide Tizzano made the traditional leap into the water. Then a teammate jumped on him, jarring the medal from his hand. It sank to the muddy bottom of the Han River.

“I feel exactly like it was yesterday, the feeling of the medal going down, going down,” he says. For the team picture, he borrowed a medal from another Italian rowing team that won gold. A security guard who was also a diver eventually recovered the hardware.

It is up to the Olympic host countries to make the medals, which are typically alloys. Organizers of the London Games say their gold medals, which weigh just under a pound, are actually 92.5% silver and just 1.34% gold. The remainder is copper.

Journal Report

Read the complete Olympics Preview report.

Losing a medal happens more often than one might think. Snowboarder Shaun White once found one of his gold medals, which he has admitted to misplacing a few times, in a seat pocket of his mother’s car. Another time, his mom had taken the medal to the dry cleaner—the ribbon was dirty—and had forgotten about it.

It can be harder to keep track of multiple medals. Swimmer Michael Phelps recently admitted that he was a little foggy about where one of his 16 medals was located. “There are a couple of options of where it could be, but I think when we were traveling—uh, somebody was holding on to it,” he said in an interview on “60 Minutes.”

The police can sometimes solve medal mysteries. Tristan Gale, a skeleton-racing champion at the 2002 Salt Lake City Games, had her gold stolen by burglars last year. She recalls visiting San Diego-area pawn shops and asking, “Hi, I’m looking for an Olympic gold medal.” It took police a week to recover the medal. They busted three thieves, who pleaded guilty.

Mr. Simon, the Dutch rower, grew nervous with each passing day about a planned photo-op with Queen Beatrix of the Netherlands. “I didn’t want to be standing there without a medal,” he says.

A taxi driver found the award in his cab and, after taking photos with it, turned it in. Athens officials gave him his own medal ceremony with Mr. Simon, as well as a set of commemorative stamps.

It is hard for thieves to pawn a medal since it is easy to identify the award’s rightful owner. Athletes can sell their own medals, but Olympic officials frown on the idea. In a 2010 sale from Heritage Auctions, of Dallas, a gold medal from the 1980 “Miracle on Ice” hockey team fetched $310,700.

For athletes who don’t find their missing awards, the International Olympic Committee does offer replicas.

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BEIJING GAMES GOLD MEDAL

The IOC keeps medal molds from modern Games in the Olympic Museum in Lausanne, Switzerland, a spokeswoman says. She adds the organization, which has 34,237 medalists in its database, gets one or two replacement requests every year. The replacements have the word replica on them, usually in tiny print on the bottom edge.

The U.S. Olympic Committee says replicas generally cost the athlete between $500 and $1,200, depending on the intricacy of the design.

Getting an Olympic replica takes months. Alexei Ramirez, a Chicago White Sox shortstop who won gold for Cuba’s baseball team in 2004, says someone stole his medal as he and his wife relocated to the U.S. The White Sox sent the IOC a police report and payment this past spring. Two months later, the team received the new medal—without a strap, since the IOC doesn’t supply replica ribbons—via DHL and surprised Mr. Ramirez with an on-field presentation.

Mr. Ramirez says he keeps his replica in a safe place, but he won’t say exactly where. “That’s a secret,” he says. “I’m not going to tell anybody to make sure it doesn’t get stolen again.”

Some Olympians don’t like talking about their absent-minded moment. Glenn Eller, a shotgun shooter who won gold in Beijing, says only that someone took it while he was out with colleagues in Fort Worth, Texas, in late 2008. “I put myself in a situation that I probably shouldn’t have been in, and someone stole it out of my pocket,” he says. “I’m trying to forget it and go ahead.” He has since received a replica.

Olympic officials warn it can be tough to replicate certain medals if they contain materials other than metal. U.S. water polo goalie Merrill Moses, who had his silver from the 2008 Beijing Games stolen in a burglary of his parents’ house, says his replica medal contained jade that looked painted on, rather than a piece embedded in the back.

Mr. Moses returned that replica to Olympic officials, who told him they found a way to make a better one. In the meantime, he is toting around something else: a $75 knockoff silver medal he bought on eBay. “I do a lot of camps and clinics…and the kids want to see a medal,” Mr. Moses says, adding that he tells them it isn’t the real thing.

Before there was an official process for getting replacement medals, athletes made do with makeshift ones. Olympics historian David Wallechinsky says Canadian high jumper Duncan McNaughton lost his 1932 gold medal. So his friend Bob Van Osdel—the high-jump runner-up who happened to be a dentist—made a mold from his silver medal, filled it with gold and sent the replica to Mr. McNaughton, the historian says.

Corey Codgell, a shotgun shooter who won bronze in Beijing, doesn’t take any chances. She usually keeps her nicked-up medal in her front pocket when she travels. Before letting an audience at an event handle it, she warns everybody: “No one leaves this room until I get my medal back.”

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Streaming Coverage: Get the latest Journal coverage of the 2012 Games right here – every story, video, photo or tweet related to the competition and all news off the field.

Plus, watch videosee photos and view a schedule of events at WSJ.com/Olympics.

Write to Stu Woo at Stu.Woo@wsj.com and Geoffrey A. Fowler atgeoffrey.fowler@wsj.com

Enjoy the Games! -

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Olympics social media: Get as connected as the rings for 2012 Games

Olympic FacesThe International Olympic Committee is enhancing its social media hub to include Instagram photos from the Olympic Village (IOC / July 19, 2012)
By Michelle MaltaisJuly 19, 2012, 1:20 p.m.

This summer’s Olympics will be more connected than the five rings of its emblem. It’s on Twitter,FacebookGoogle+, Instagram (@Olympics) and foursquare.

And the International Olympic Committee is building up an Olympic Village online by integrating these social media to help connect a worldwide audience with the athletes in the London 2012 Games.

“When I went to the Games for the first time it was back in Barcelona in 1992—those games had an internal email system, and it was groundbreaking,” six-time Olympic British archer Allison Williamson told a press conference unveiling the hub. “In London, I will be sharing photos of the Athletes’ Village and other fun things.”

Through the IOC’s Olympic Athletes’ Hub, you can virtually enter the exclusive Olympic Village to connect with your favorite competitor’s Facebook and Twitter profiles, get Instagram portraits of the athletes and chat directly with a featured athlete in a Twitter #asknathlete Q&A.

“Social media has been a great way to connect with fans and share not just my stories but the stories of other amazing people and athletes,” said South African Paralympic sprinter Oscar Pistorius at the press conference. “I am truly blessed and thrilled to be participating in the 2012 London Olympics and look forward to sharing my Olympic experiences with the social media community and inspiring young athletes to do amazing things.”

Since we all like to pretend we are as informed as the judges, the IOC will soon launch the Olympic Challenge in the Athletes’ Hub, a social game that lets fans compete to predict the outcome of various Olympic events and see how they rank on the leaderboard against their friends and fans around the world.

Photos from various angles of the events will be available on Tumblr: an aggregation of existing social feeds, live from inside the Village with the Instagram portraitsGetty Images shots as well as shots and commentary on the fashion scene.

Enjoy the Games! -

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Buffett Extends Real-Estate Bet With ResCap Pursuit: Mortgages

By Noah Buhayar and Dakin Campbell - Jun 18, 2012 11:26 AM PM

Buffett Bets Big on Housing with $3.8B ResCap Bid

Warren Buffett, whose prediction last year of a housing recovery was premature, is raising his bet on a rebound with his $3.85 billion bid for a mortgage business and loan portfolio from bankrupt Residential Capital LLC.

Berkshire Hathaway Chairman Warren Buffett

Berkshire Hathaway Inc. Chairman Warren Buffett. Photographer: Andrew Harrer/Bloomberg

The offer “certainly indicates that he thinks the worst is behind us,” Jeff Matthews, author of “Secrets in Plain Sight: Business & Investing Secrets of Warren Buffett,” said in a phone interview. “Yes, he’s been wrong about housing before. But if you look at any credit metric, if you look at any of the banks and what’s happening in their loan portfolios, it’s getting better.”

Foreclosure filings in the U.S. have fallen on an annual basis for 20 straight months, according to RealtyTrac Inc., and home prices jumped 1.8 percent in March, the biggest monthly increase in at least two decades, as record-low mortgage ratesand a dwindling inventory of properties available for sale strengthened demand.

Buffett’s Berkshire Hathaway Inc. (BRK/A) has prepared for a turnaround by buying a brickmaker, expanding its real estate brokerage and wagering on commercial property through a company jointly owned with Leucadia National Corp. (LUK) The venture, called Berkadia Commercial Mortgage LLC, was formed from a loan- servicing and mortgage business purchased out of bankruptcy in 2009 and once owned by ResCap’s parent.

Berkshire was little changed today at $123,656 as of 2:15 p.m. in New York trading. It’s risen 7.8 percent this year.

Auction Approval

Ally Financial Inc. (ALLY), a Detroit-based auto lender majority owned by U.S. taxpayers, put its ResCap unit into bankruptcy last month to distance itself from the mortgage lenders’ losses and help repay its 2008 bailout following the U.S. housing crash and subsequent credit crisis.

U.S. Bankruptcy Court Judge Martin Glenn is considering approving auctions for the assets at a hearing today in Manhattan. Berkshire said in a June 11 court filing that it’s seeking to replaceFortress Investment Group LLC (FIG)’s Nationstar Mortgage Holdings Inc. as the stalking-horse, or initial, bidder at an auction for ResCap’s mortgage business. Berkshire has also proposed replacing Ally as the first bidder for the lender’s loan portfolio.

The billionaire’s Omaha, Nebraska-based firm, which is a ResCap bondholder, offered to match Fortress’s price of about $2.4 billion for the mortgage operations. It’s also proposing fees that are about $60 million lower than Nationstar’s if it’s outbid. Berkshire said it’s prepared to pay $1.45 billion for the loan portfolio, compared with Ally’s $1.4 billion for a sale outside the bankruptcy plan backed by the car lender.

‘Real Offer’

At the hearing today, Glenn asked ResCap’s lawyers to explain why an affiliate of Fortress deserves to be the lead bidder when Berkshire’s offer has a lower breakup fee. ResCap, Berkshire and Nationstar will return to court later today to argue about who should be named the first bidder for a court- supervised auction of ResCap’s mortgage-servicing unit.

The judge can either accept Nationstar as the stalking horse for the mortgage unit, name Berkshire in its place, or refuse to grant any company the protections, such as the breakup fee, that come with being the initial bidder.

Buffett has “come out with what appears to be a very real offer to buy the assets,” said John McKenna, a managing director at Miller Buckfire & Co., a New York-based financial advisory firm. “The court will ferret out whether it is a tactic or a legitimate interest in acquiring the assets.” A buyer can’t “just show up and feign interest in order to generate a better return.”

Stalking Horse

Nationstar said Berkshire’s request shouldn’t be granted because it may discourage potential investors in future bankruptcies from devoting the time and money required to be a stalking-horse, according to a June 14 court document. Susan Fitzpatrick, a ResCap spokeswoman, Fortress’s Gordon Runte and Ally’s Gina Proia declined to comment. Buffett didn’t respond to a request for comment sent to an assistant.

ResCap rejected Buffett’s offer to be the initial bidder and asked the court to approve the Nationstar and Ally proposal on June 14. Should Glenn approve ResCap’s plan, Berkshire still could bid in the auctions. It wouldn’t have the advantages given to the stalking horse, including any breakup fee.

The court will probably affirm Nationstar as the initial bidder for the mortgage assets, beginning a three-month auction process, Douglas Harter, a Credit Suisse Group AG analyst, wrote in a June 13 note after meeting with the firm’s management. He said he expects other bidders to emerge.

Funding Advantage

Acquiring ResCap’s mortgage business would give Berkshire contracts to service loans, a function Berkadia provides for commercial real-estate investors. It would also give Buffett another platform to originate mortgages, which his firm already does for buyers of its Clayton unit’s pre-fabricated homes.

Berkshire, which holds the second-highest credit rating from Standard & Poor’s, can access funding cheaper than almost any company in the U.S. It sold $750 million of five-year bonds paying a 1.6 percent coupon last month.

ResCap, once among the largest subprime mortgage originators, reduced its assets to $15.7 billion in the first quarter from more than $130 billion in 2006. The firm is the fifth-largest U.S. mortgage servicer, handling the billing and collections on about $369 billion mortgages in the first quarter, according to Inside Mortgage Finance, a trade journal.

Lenders Retreat

Some of the largest home lenders including Bank of America Corp. (BAC) have retreated from servicing and underwriting loans as new international rules designed to avert another financial crisis force banks to raise capital. That’s creating an opportunity for investors like Buffett to scoop up assets at discounted prices and benefit from the rebound in housing, said David Lykken, the managing partner of consultant Mortgage Banking Solutions.

Since the collapse of the housing market, investors have been asking, “When’s the time to catch this falling knife?” he said. If Berkshire wins the auction for the loan portfolio, the firm may be able to increase the assets’ value by modifying some of the mortgages, he said.

Buffett has said the real-estate market will rebound because a growing number of households will need properties while supply has dropped after builders retreated following the collapse. U.S. housing starts have plunged about two-thirds since 2006 and property prices are more than 35 percent below their peak that year.

Market Rebound

“Housing will come back — you can be sure of that,” Buffett wrote in a February letter to Berkshire shareholders. “Every day we are creating more households than housing units. People may postpone hitching up during uncertain times, but eventually hormones take over. And while ‘doubling-up’ may be the initial reaction of some during a recession, living with in- laws can quickly lose its allure.”

Berkshire is the largest investor in Wells Fargo & Co. (WFC), the biggest U.S. home-loan originator, and has a preferred stake in Bank of America, the fourth-largest U.S. mortgage lender. Buffett’s firm also has subsidiaries that make carpet, building insulation and roofing materials. Its subsidiary Acme Brick Co. last year bought Montgomery, Alabama-based Jenkins Brick Co.

The HomeServices of America Inc. unit has struck deals to acquire real-estate brokerages inConnecticutOregon and the state of Washington this year on the expectation that home sales will rebound as banks liquidate seized properties after settling foreclosure-misconduct claims. The housing market is “starting to show a pulse,” HomeServices Chief Executive Officer Ron Peltier said in an April interview.

$1 Offer

Berkshire attempted to buy ResCap for $1 before the bankruptcy last month, the mortgage lender said in a June 14 court document. “Neither ResCap entering into bankruptcy nor a sale of ResCap’s mortgage production platform is in the best interests of Ally, the U.S. Treasury, Berkshire and other significant stakeholders in both Ally and ResCap,” Berkshire said in a May 3 letter, according to the filing.

Buffett’s firm proposed taking on ResCap’s potential liabilities, such as mounting litigation costs, according to three people familiar with the matter who requested anonymity because talks were private. Berkshire wanted to avoid a ResCap bankruptcy because it held unsecured debt, the people said. Ally rejected the proposal after deciding that a bankruptcy filing and sale better protected the company from future liabilities, the people said.

Debt Investments

Buffett’s firm invested in ResCap’s secured and unsecured bonds more than two years ago, according to a June 4 court filing, in which Berkshire called for a probe of the mortgage lender’s pre-bankruptcy deals. Prices for three of ResCap’s unsecured bonds climbed after the document was filed, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

Two days later, Berkshire had sold its unsecured debt, which had a face value of more than $500 million, according to court documents. Berkshire said in a court filing it holds more than $900 million in ResCap’s junior secured bonds. ResCap’s 9.625 percent junior secured notes, which Berkshire’s General Re unit owned as of Dec. 31, added 0.3 cent to 95.3 cents on the dollar at 1:48 p.m. in New York, according to Trace. They’ve risen from 56.9 cents in November.

To contact the reporters on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net; Dakin Campbell in San Francisco at dcampbell27@bloomberg.net

Why Your Bank Wants You to Refinance

Housing

By Karen Weise on June 18, 2012

Nearly 80 percent of all mortgage applications are for refinancing now, according to the Mortgage Bankers Association, a near-record level. Why is the figure so high? Two reasons. First, demand for refinancings is up because homeowners want to take advantage of thehistoric low interest rates to reduce their monthly payments. Second, there are still very few new purchases as the housing market tries to recover. “When rates go down, it doesn’t spur homebuying, it spurs refinancing,” says Guy Cecala, publisher of Inside Mortgage Finance.

The Mortgage Bankers Association says nearly 30 percent of refinancings are part of the federal program HARP 2.0, designed to let borrowers who are current on their mortgages refi even if they owe more than their home is worth. Under HARP 2.0, borrowers don’t have to go through a new application process if they refinance with the bank that already services the mortgage, and if the loan is guaranteed by Fannie Mae or Freddie Mac, explains Cecala.

Lenders have an added incentive to offer refinancings to existing customers—Fannie Mae and Freddie Mac don’t require lenders to vouch for the quality of the new mortgages, making it less likely that the lenders will be forced to buy back soured loans. That incentive has lenders scouring the databases of their customers to find borrowers who are eligible for the program, says Frank Donnelly, president of the Mortgage Bankers Association of Metropolitan Washington.

HARP refinances could lower monthly payments by 26 percent, estimate economists at the Federal Reserve Bank of New York. The White House bills refinancing as part of its effort to “heal the housing market.” When HARP 2.0 was announced last fall, the housing data firm CoreLogic explained that the program would have “little direct and immediate benefit” to distressed borrowers and housing markets. Instead, CoreLogic said, the benefit of lowering monthly payments for borrowers is more like an economic stimulus “on the order of several billion dollars.” Of course, the economy can use all the help it can get—whatever form it takes.

Weise is a reporter for Bloomberg Businessweek.

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Homeowner Aid Boosts Big Banks

By CHRISTIAN BERTHELSEN and ALAN ZIBEL

A government program that helps struggling homeowners take advantage of low interest rates to cut monthly mortgage payments is providing an unexpected revenue boost to large banks such as Wells Fargo WFC +0.43% & Co. and J.P. Morgan ChaseJPM -0.91% & Co.

[refinance]European Pressphoto AgencyHUD Secretary Shaun Donovan says there is ‘essentially a monopoly on refinancings’ among the largest banks.

Banks that collect those payments, known as mortgage servicers, could get as much as $12 billion in revenue this year refinancing mortgages under the federal Home Affordable Refinance Program, or HARP, according to data compiled by Nomura Holdings Inc.

A government program that helps struggling homeowners take advantage of low interest rates to cut monthly mortgage payments is providing an unexpected revenue boost to large banks. Christian Berthelsen has details on The News Hub. Photo: Reuters.

Borrowers who refinance mortgages through HARP, on the other hand, stand to save between $2.5 billion and $5 billion this year, according to an analysis by The Wall Street Journal of Nomura’s figures.

The contrast is the latest illustration of the competing demands policy makers must juggle when they devise responses to the housing bust, now in its sixth year. Federal officials last year revised the HARP program in a bid to encourage banks to refinance borrowers who were current on their payments but owed more than their properties were worth.

The revisions have driven a sharp increase in refinancings, following years in which the program fell short of government projections. But some critics, including members of the Obama administration, say the changes risk making HARP a giveaway to big banks.

[REFINANCE]

That is because the new HARP rules make it easier for borrowers to refinance their loans with existing lenders. That, the critics say, allows large lenders to charge a captive customer base above-market interest rates on the refinanced loans. Borrowers refinancing through their existing lender make up about 75% of HARP refinancings, according to government figures.

“There’s essentially a monopoly on refinancing,” Housing and Urban Development Secretary Shaun Donovan said at a Senate hearing last month. For borrowers, Mr. Donovan said, “Whoever holds their current loan, whoever is the servicer, they can charge them—and we’re seeing this—very high fees.”

The Obama administration and some mortgage-industry participants say this arrangement leaves the lion’s share of refinancing activity with giant banks. Among the biggest beneficiaries: Wells Fargo, which held a third of the market as of March, and J.P. Morgan, with more than 10%, according to Inside Mortgage Finance. U.S. BancorpUSB +0.09% Bank of America Corp.BAC -1.22% and Citigroup Inc. C -2.12% rounded out the top five, which together hold 58% of the market.

Banks have been charging HARP borrowers as much as 0.53 percentage point more than the market rate on the refinanced mortgages, according to Amherst Securities. Officials at the Federal Housing Finance Agency, the independent regulator that runs the program, said the premium is far smaller, around 0.1 percentage point on average, for Fannie Mae borrowers.

A Wells Fargo spokeswoman said the bank’s rates are “competitive with our traditional refinancing loan options.” A J.P. Morgan spokeswoman declined to comment on the rates it is charging borrowers but said “demand from customers has exceeded our expectations.” A Bank of America spokeswoman said, “We offer market-driven pricing for both HARP and traditional refinances.” A spokesman for Citi said the bank is offering market rates. A U.S. Bancorp spokesman couldn’t be reached for comment.

The administration is pressing lawmakers to make it easier for consumers to refinance with different lenders. A senior administration official said the administration tried to get the FHFA to change the policy last year but was unable to do so.

The FHFA, which oversees Fannie Mae and Freddie Mac, which finance the lion’s share of home mortgages, defends the program’s structure. Officials there say that any lack of competition is a problem felt in the overall mortgage market, which has shrunk for years with the collapse of many nonbank lenders and the retreat of large banks such as Bank of America, and not a result of HARP.

“We feel very comfortable that lenders are offering borrowers the HARP product at the going market rate,” said Meg Burns, the FHFA’s senior associate director for housing policy.

Wells Fargo Chief Financial Officer Timothy Sloan told analysts in an April 13 conference call that HARP refinancings made up 15% of new mortgages during the first quarter. At J.P. Morgan, Chief Executive James Dimon told analysts on a conference call April 13 that profit margins “were several hundred million [dollars] higher than what we would call normal for a whole bunch of different reasons, including HARP” and mortgage-industry dynamics such as supply and demand.

Banks also can reap gains as the mortgages are securitized and sold, because of reduced risk that borrowers will repay their mortgages early. Margins on the sale of securitized mortgages averaged 2.1 percentage points higher in the first quarter this year than last year among the top five servicers, an analysis of data from investment bank Keefe, Bruyette & Woods shows.

The original HARP, rolled out in 2009, blocked borrowers from refinancing if they owed more than 125% of their home’s value. Fewer than 900,000 borrowers had used the program when President Barack Obama announced changes last fall. The revamped program removed that loan-to-value cap and made other tweaks.

Mortgage rates have hit the lowest levels on record, sinking to an average of 3.71% for a 30-year fixed rate loan last week, according to Freddie Mac.

Nomura analyst Glenn Schorr said in a research note that most borrowers seeking HARP loans are paying interest rates of 5%-6%. Those borrowers, he said, “would certainly prefer a 3.75% mortgage, but they will happily take a 4%, 4.25% or even a 4.5% loan as well.”

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Council Unanimously Approves Park Smoking Ban

Ordinance bans smoking at parks, city-sponsored events and recreation areas, with the exception of the Par-3 Golf Course.

By Connie K. Ho

The Arcadia City Council has unanimously passed a ban on smoking in parks and recreation areas, with the exception of the Par-3 Golf Course. The ordinance follows a report by the American Lung Association that gave Arcadia an “F” grade in air quality.

“I think that it’s great,” Arcadia resident Jenny Chou said of the ban. “A lot of children use the parks and recreational areas and it’s unfair to expose them to second-hand smoke. I think it’s better for the environment, better for our air quality.”

The City Council first directed the staff to prepare an ordinance prohibiting tobacco use in city parks and recreation areas at the March 6 meeting.

The ordinance would cost an estimated $6,000 for the manufacture and installation of signs at each location where smoking would be prohibited, city officials said.

Other cities in the San Gabriel Valley have also prohibited smoking in recreation areas, including Alhambra, El Monte, Monterey Park, South Pasadena and Temple City.

 

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I’ll Have Another Has a Chance at the First Triple Crown Since 1978!

I’ll Have Another has a chance to become the first Triple Crown winner since Affirmed in 1978!

Adapted from a Santa Anita Park press release.


Tickets on Sale Now for BREEDERS’ CUP WORLD CHAMPIONSHIPS at Santa Anita Park

Adapted from a Santa Anita Park press release.

ARCADIA, Calif. (June 4, 2012) – The Breeders’ Cup and Santa Anita Park today announced that tickets are now on sale to the general public for this year’s Breeders’ Cup World Championships, Friday, November 2 and Saturday, November 3. This is the sixth time that that Santa Anita will host the event and the third time under the two-day Championship format, which will begin on Friday with a 10-race program. Saturday’s card will include 12 races and will finish with the $5 million Breeders’ Cup Classic at approximately 5:30 p.m. PT.

The 29th Breeders’ Cup, Thoroughbred racing’s most prestigious global event, consists of 15 races with purses and awards totaling more than $25 million.

The 2009 Breeders’ Cup at Santa Anita featured some of the greatest moments in racing history as more than 96,000 fans were in attendance over the two-day event, climaxed by super mare Zenyatta becoming the first female ever to win the Breeders’ Cup Classic.

This year, fans will be able to purchase Breeders’ Cup tickets in two ways:

Fans may log on to the Web at www.breederscup.com/tickets to access the online ticket system, which allows purchasers to view seat locations and buy their tickets in a fast, efficient manner. Those without online access or in need of assistance may purchase tickets by telephone by calling toll-free at 1 877-910-9511.

Due to the success of the recently concluded pre-sale, most premium areas have already been sold; however, excellent seats are available in Grandstand Reserved, Turf Club box seating and Dining. Among the ticketing options for this year’s Championships are:

Ticket prices for reserved seats on Championship Friday range from $40-$250 and on Championship Saturday from $75-$300. There are also bundled two-day packages available for Grandstand Reserved seats, Turf Club box seating and premium dining experiences.

All fans purchasing reserved seating (Grandstand, Clubhouse and Turf Club) will receive free track programs on both Friday and Saturday upon entering the racetrack.

Fans will have the option to purchase single seats within a Turf Club Box and in the following Dining areas: Sirona’s Paddock View Dining and Clockers’ Corner Trackside Dining. ·

General Admission print-at-home tickets will go on sale beginning October 1. Fans will receive a 25% discount on general admission prices by purchasing their tickets in advance and online. The online price for Championship Friday will be $10. General Admission online price on Championship Saturday is $15. General admission prices at the gate on Championship Friday will be $15 and $20 on Championship Saturday.

Breeders’ Cup and Santa Anita Park have enlisted QuintEvents as its official provider of fan experience packages. Fans will be able to select from packages that include Friday & Saturday Championships tickets and private hospitality with celebrity jockey ‘meet and greet’ opportunities and add-on such enhancements as: parties, ground transportation and hotels. Log on to www.breederscup.com/tickets or call 866-834-8663 for more information.

“Together with our host, Santa Anita Park, we look forward to another outstanding experience for our fans from around the globe attending the Breeders’ Cup to enjoy the most spectacular two-days of racing at one of the world’s most remarkable racetracks,” said Craig Fravel, Breeders’ Cup President and CEO. “We were delighted with the record turnout in 2009 and encourage fans to take advantage of the new seating options available this year.”

“This is an exciting time for all of us at Santa Anita and we’re happy to be able to begin selling tickets on June 4 for the two-day Breeders’ Cup in November,” said Santa Anita President George Haines. “I’ve been a part of every Breeders’ Cup dating back to 1986 and they’ve all been tremendous successes.

We’re hopeful this year’s event is going to be our best ever and we look forward to once again welcoming our fans and horsemen from all over the world to what we believe is the most beautiful venue in all of racing. The Best is Certainly Yet to Come.”

About Breeders’ Cup

The Breeders’ Cup administers the Breeders’ Cup World Championships, Thoroughbred racing’s year-end Championships. The Breeders’ Cup also administers the Breeders’ Cup Challenge qualifying series, which provides automatic starting positions into the Championships races. The 2012 Breeders’ Cup World Championships, consisting of 15 races and purses totaling more than $25 million will be held Nov. 2-3 at Santa Anita Park in Arcadia, Calif., and will be televised live by the NBC Sports Network. Breeders’ Cup press releases appear on the Breeders’ Cup Web site, www.breederscup.com. You can also follow the Breeders’ Cup on social media platforms, Facebook, Twitter and YouTube.

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Area Locals Do Well at CIF Track & Field State Meet in Clovis!

HIGH SCHOOLS: South Pasadena’s Kieffer-Wright jumps to state title

By Miguel A. Melendez, SGVN twitter.com/StarNewsPreps
Posted:   06/02/2012 11:27:04 PM PDT

South Pasadena’s Claire Kieffer-Wright wins the high jump at Saturday’s CIF-SS State meet in Clovis. (Scott Varley / Staff Photographer)

CLOVIS – The drought, albeit a short one, is over.

For the first time in two years, South Pasadena High School’s Claire Kieffer-Wright is bringing home a CIF State track and field championship thanks to a gutsy performance in the high jump in front of 7,123 at Buchanan High School.

Kieffer-Wright, a sophomore, made giant strides since narrowly qualifying for the state prelims at the Masters Meet on May 25 as she hit the winning mark of 5 feet, 10 inches. She is the first West Valley state track champion since Sam Pons, now running at Princeton, won the 3,200 meters two years ago for South Pasadena.

In a show of true perseverance, Kieffer-Wright wasn’t deterred despite missing the opening jump of 5-3.

“It was really nerve-wracking missing my first attempt,” she said. “I was a little shaky but I knew I had to compete. That’s the main thing in the high jump besides form and technique, to be able to brush off mistakes and be mentally tough.”

After clearing the winning mark, Kieffer-Wright opted to continue and made an attempt at clearing 6-0 3/4, the qualifying mark for the Olympic trials “B” standard. Kieffer-Wright made two attempts and ended there because of back problems, but the mere fact she had the opportunity to do so showed how much she’s accomplished in just one year.

The East Valley also had a representative sitting atop the podium as Damien’s Jarrett Gonzales won the state title in the 300 hurdles with a mark of 37.30 seconds.

Gonzales made quite a turnaround, from not even reaching the Sierra League finals because of an injury to ending a decorated career as state champion.

Gonzales said a gust of winds right off the blocks worried him a bit, but it wouldn’t be long before he hit his full stride.

“Coming off the last hurdle on the curve and just opening up my stride and sprinting all the way through,” Gonzales said when asked when he felt the race was his.

He didn’t break a personal mark, but the UCLA-bound Gonzales said it was an amazing accomplishment. He pulled a left hamstring and rolled his left ankle in a meet before the start of league his junior season.

“I had an opportunity to run at the world youth trials,” Gonzales said. “I asked my coach and he said I should recover and rehabilitate.”

The move paid dividends.

In the same race, Diamond Ranch’s Andrew Fischer finished ninth with a time of 38.35.

Maranatha’s Ebony Crear accomplished her goal of reaching the state finals in the 100 hurdles. She finished seventh in 14.18.

Crear, the sophomore daughter of two-time Olympic medalist Mark Crear, almost didn’t finish the race.

“The third hurdle I hit it with my right leg and buckled,” she said.

“But I’m just happy I was able to recuperate and keep going. Just do my best because I hit the hurdle.”

In the 400, Arcadia’s Alex McElwee finished seventh with a time of 48.86 while San Marino’s Kyle Ezold, in his first year running track, came in eighth at 49.50.

Bonita sophomore Nikki Wheatley finished eighth in the triple jump with a mark of 37-8 3/4.

La Salle’s Daniel De La Torre got off to a strong start in the 1,600, but it all went wrong 800 meters into the race.

“My muscles started tightening up,” he said.

De La Torre was visibly disappointed with the result, a ninth-place finish in 4:16.38, but he bounced back strong in the 3,200, the final event of the night. He finished fourth with a time of 9:06.60. Arcadia’s Sergio Gonzalez, who scratched from the 1,600 preliminaries, finished fifth at 9:10.46.

De La Torre was about a minute off his personal mark, and though he earned a medal and a spot at the podium it wasn’t enough to bring a smile to his face.

“Whoever aspired to be fourth … not very satisfying for me,” he said. “I never aspire to be that. I use my failures to succeed and help me next year. I plan on winning state next year for cross country and track I want it more than I want to breathe.”

De La Torre, in his first real year of track after several injuries his sophomore year, finished third at the state cross country meet last year.

“I just have a lot more to prove,” he said. “I’ll prove myself next year.”

miguel.melendez@sgvn.com

Read more:http://www.pasadenastarnews.com/sports/ci_20771484/high-schools-south-pasadenas-kieffer-wright-jumps-state#ixzz1wqf1L6ha

What’s on Tuesday’s Election Ballot

The primary election ballot includes local, state, and national candidates, as well as two statewide ballot and two local initiatives. See what candidates Arcadia residents are choosing between.

Los Angeles County voters will go to the polls Tuesday to cast ballots in local, state and national political races, as well as on two statewide ballot initiatives and several local initiatives.

Without a high-stakes presidential primary — Republican Mitt Romney has already earned the delegates he needs to claim the GOP nomination — voter turnout is expected to be low.

The county’s 4.5 million registered voters will have the chance to select a presidential candidate, a U.S. Senate candidate and whether to approve two state ballot measures — one to add a $1 tax on cigarettes to fund cancer research and another to reduce the amount of time politicians can serve in the
state Legislature from 14 years to 12 years.

Six candidates are vying to become Los Angeles County’s top prosecutor. Voters across the county will also weigh in on a total of 18 U.S. House, seven
state Senate, 24 state Assembly and three Los Angeles County supervisorial
races.

The election will mark the first major test of the state’s “top two” primary system approved by California voters in 2010. Under the system, only the top two vote-getters, regardless of political party, will advance to a Nov. 6 runoff. The system does not apply to local, presidential or central committee races.

The system was intended to produce more moderate candidates, said Fernando Guerra, a Loyola Marymount politics professor and director of the Thomas and Dorothy Leavey Center for the Study of Los Angeles.

The intention, however, is likely to be counteracted by low voter turnout.

“Voters that are motivated by ideology are still going to dominate this election,” Guerra said.

Guerra said the “top two” runoff system is also likely to devastate third parties.

“I predict there will not be a single third-party candidate on the (runoff) ballot in November for the first time in decades, in almost 50 years,” Guerra said.

In some cases that could leave as much as 10 percent of the electorate up for grabs during a runoff election.

Dan Schnur, director of the Jesse M. Unruh Institute of Politics at USC, said it could force candidates to communicate more with voters.

“It’s not just a quantity of voter communication. It’s the nature of that communication as well,” Schnur said. “Candidates will find that they can no longer rely solely on the most ideologically intense members of their own party. They will be forced to reach out to a broader range of voters.”

The results of the every-10-year redistricting process also affected the makeup of candidates on Tuesday’s ballot. The 2010-11 redistricting, the practice of redrawing political district boundaries to reflect changing demographics, was conducted by a non-partisan citizens commission, rather than lawmakers. In some cases the process forced incumbents of the same party into the same district.

Arcadia residents will vote for new representatives for Congress and state Assembly. Arcadia is in the 27th Congressional district and 49th Assembly District.

While Arcadia falls in the newly-created state Senate District 22, that district won’t be included in this year’s election cycle; however, a committee will appoint a representative for the district. That representative will remain responsible for the district until the next election cycle in 2014.

The Arcadia representative races and the candidates include:

United States Representative – 27th District (Includes Arcadia, Sierra Madre, Glendora, Altadena, San Marino, and La Cañada Flintridge)

Judy Chu – Democratic
1531 Purdue Ave. Los Angeles, CA 90025
(626) 320-4835
chuforcongress@gmail.com

http://www.judychu.org

Bob Duran  – Republican
P O BOX 1067, Pasadena, CA 91102
bob@bobduran.org
bobduran.org

Jack Orswell - Republican
316 W Foothill Blvd., Monrovia, CA 91016
626-629-VOTE (8683)
Jack@JackOrswell.com

State Assembly – 49th District (Includes Arcadia, San Marino, Temple City, Alhambra, San Gabriel, Rosemead and Monterey Park)

Edwin Chau - Democrat
1401 Mission St., Ste C1,  South Pasadena, Ca. 91030
(626)-300-0024
edchau4assembly@gmail.com
edchau.com

Mitchell Ing - Democrat
1432 Arriba Drive,  Monterey Park, Ca. 91754
(213)-509-7579
mitchelling@aol.com
mitchelling.com

Matthew Lin - Republican
(626)-943-2280
drlin@votedrlin.com
votedrlin.com

For more information on the candidates or the June 5 primary election visit the Los Angeles County Clerk website.