Delmar, WI News http://www.axtora.com/homesites/us/wisconsin/delmar/ Delmar, WI News Sheriff: Cadott man accused of assault found dead http://www.axtora.com/homesites/us/wisconsin/delmar/content/8a757a827c171bb4bbb215d32324e9b7.html Authorities say a 36yearold Cadott man is believed to have sexually assaulted a woman in Marshfield and then went home and shot himself to death The Chippewa County Sheriff's Office said a 911 call came in Tuesday morning from a male caller saying there was a woman at the Marshfield address who could not move and had a baby with her The caller hung up Man Kills Himself After Tying up a Woman Raping Her at Gunpoint http://www.axtora.com/homesites/us/wisconsin/delmar/content/942d6a56191aa5e65df35fde858b98d2.html Investigators say 36yearold Jason Felce raped a woman in Marshfield before killing himself in Chippewa County UPDATE: Woman held assaulted in Marshfield apartment http://www.axtora.com/homesites/us/wisconsin/delmar/content/b95a4c3d4428aad6121939caa7663cc6.html A 25yearold Marshfield woman was allegedly sexually assaulted at gunpoint in the 500 block of East 21st Street this morning according to Marshfield Police Chief Joe Stroik Case continues for man facing drug charges http://www.axtora.com/homesites/us/wisconsin/delmar/content/b3e4d7d9bee26ff3be7bffce4614f35f.html A 25yearold Plover man facing multiple drug charges is competent to proceed with his case Portage County Judge Thomas Flugaur determined Monday Lowe left mark on area footballLife story: Lowe left mark on area http://www.axtora.com/homesites/us/wisconsin/delmar/content/5e2b91d632068a520840ba62fee272ce.html Veteran Eau Claire Regis and Wisconsin football fans probably remember Bill Lowe for his record interception return in one of the nation's top games of 1954Jim Miller the quarterback and teammate at both schools remembers him otherwiseAthletics is an important part of it Miller said But when you get older you remember them as nice people I think the highlight of his career came when he at the age of 65 and his wife Becky adopted two Chinese girlsThat came after Lowe who died this week in Colorado at the age of 73 raised six children with his first wifeBut Lowe's performance in the field of athletics a halfcentury ago is what drew attention to himIn October of 1954 the Badgers with three straight wins and ranked No 2 nationally met Purdue also unbeaten and ranked No 3 at MadisonWith the Badgers clinging to a slim lead Purdue quarterback Len Dawson fired a pass toward the end zone in the direction of end Lamar Lundy both would gain fame in the NFLLowe picked it off at the 2 and took it back 98 yards for a touchdown that sealed the victory and led to a 72 season He was named Midwest Player of the Week for the key play and the return remains a Badgers recordHis big runback won the game for us said Miller one year ahead of Lowe in school and a threeyear starter as the Badgers quarterbackIn the era of one platoon football Lowe was a twoway player as a halfback and defensive back As a sophomore he played alongside legendary Alan The Horse AmecheI didn't have the ability that Miller had he was exceptional and I was in awe of him from high school on Lowe said in 1997 And Ameche he was a godLowe and Miller along with captain Jon Hobbs all finished as threeyear starters from Eau Claire St Patrick's which evolved into RegisHe was a steady player said Miller He had decent speed and a lot of desire and toughnessLowe backed up Miller as a junior at Regis when the Ramblers fashioned a perfect 80 season and the following year as a senior he led Regis to a big 317 win over Menomonie breaking the Indians' 26game winning streak in a 71 season for the RamblersLowe a charter member of the Regis Hall of Fame which began in 1987 also excelled in basketball and track and went out for the Badgers basketball team as a freshmanLowe coached at Thorp and Beaver Dam before running into famous horse trainer D Wayne Lukas who helped get him into horses He owned a large ranch near Canon City Colo and became one of the nation's foremost breeders and sellers of Arabian horses He retired in the early 1990sLowe who died of lung cancer and Miller who lives outside of Cameron remained friends and visited together through the yearsIt's ironic Miller said Bill was kind of a health nut He never smoked and lived up in the clear air of the mountains Charles E Nettleton 19202008 http://www.axtora.com/homesites/us/wisconsin/delmar/content/b3b49c417426fe7c970f66b275074530.html Charles E Nettleton 19202008 bAround the nation: b Stocks fall sharply on consumer spending http://www.axtora.com/homesites/us/wisconsin/delmar/content/37bf379c03296c0f2857b34022969406.html NEW YORK The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last weeks big gains All the major indicators fell more than 7 percent with the Standard Poors 500 index down nearly 9 percentThe market spent the day absorbing a litany of bad news that convinced investors that the optimism that fed a 1276point gain in the Dow over five sessions was premature Stocks first slid on initial reports that the first weekend of the holiday shopping season while better than some retailers and analysts feared saw only modest gains That had Wall Street worried that the rest of the season would be disastrous a troubling thought not only for retailers but for an economy that is dependent on consumer spending for its growthAccording to figures released by ShopperTrak RCT a research firm that tracks total retail sales at more than 50000 outlets sales over Friday and Saturday rose just 19 percentMeanwhile downbeat economic reports on the manufacturing sector and construction spending only added to investors concerns Speeches from Federal Reserve Chairman Ben Bernanke andTreasury Secretary Henry Paulson also did little to assuage investors about the downturnThe days news reminded investors who last week were buying on a burst of optimism that the economy is still in serious trouble Then at midday Wall Street got confirmation of what everyone has suspected for months that the nation is indeed in a recession The National Bureau of Economic Research considered the arbiter of when the economy is in recession or expanding said the US recession had begun a year ago in December 2007That assessment made the retail sales figures all the more unnervingUnfortunately twothirds of the American economy is based on the spending of the American consumer said Mike Stanfield chief executive of VSR Financial Services When the consumer pulls back its very hard for the economy to gain much tractionInvestors had been hopeful that last weeks rallywhen the major indexes shot up by double digit percentages was a sign that some stability had returned to a market badly shaken by months of discouraging economic data But analysts expect economic concerns to weigh on the market for some time to comeEveryone knows the recession is on us the question is now will it be short and shallow or long and severe Stanfield saidChuck Widger chief executive of investment management firm Brinker Capital expects the volatility to continue until investors have better visibility on the futureInvestors are looking for better data on the economyhe said Weve got baked in pretty nasty assumptions for the economy this quarter The markets are looking ahead to the first quarter for data that will confirm or deny the bad newsAlthough Mondays plunge was notable because it cut short a fiveday rally the first such winning streak for the Dowand the Standard Poors 500 index since July 2007 it also fit what has become a pattern on Wall Street The market has made a number of big optimistic moves higher including tripledigit gains in the Dow only to quickly give them back as another batch of bad news arrivesAccording to preliminary calculations the Dow Jones industrial average fell 67995 or 770 percent to 814909 The SP 500 index dropped 8003 or 893 percent to 81621 while the Nasdaq composite index fell 13750 or 895 percent to 139807Only 218 stocks were in positive territory on the New York Stock Exchange with 2693 declining Volume came to 162 billion sharesThe Russell 2000 index of smaller companies fell 5607 or 1185 percent to 41707Bond prices rose The yield on the benchmark 10year Treasury note which moves opposite its price fell to 276 percent from 292 percent Friday The yield on the threemonth Tbill considered one of the safest investments and an indicator of investor sentiment slipped to 002 percent from 005 percent Friday The lower the yield the more anxious investors tend to beThe market received no relief after a pair of speeches from Paulson and Bernanke about the economyPaulson said the administration is looking for more ways to tap a 700 billion financial rescue program and will consult with Congress and the incoming Obama administration The program has distributed 150 billion out of the 250 billion earmarked to buy stock in banks as away to boost their resources so they can lend moreHe said the administration is looking at other ways to utilize the rescue package including alternatives for providing capital to financial institutionsMeanwhile Bernanke said in another speech Monday that further interest rate cuts are certainly feasible but he warned there are limits to how much such action would revive the economy The central banks key interest rate now stands at 1 percent a level seen only once before in the last halfcenturyMany economists predict policymakers will drop the rate again at their next meeting on Dec 1516 And there have certainly been enough weak economic news to compel the Fed to make another cutThere was no shortage of disappointing economic news on Monday The Institute for Supply Management a trade group of purchasing executives said its index of manufacturing activity fell toa 26year low in November Meanwhile the Commerce Department said construction spending fell by a largerthanexpected amount in OctoberStanfield also said investors have lost some confidence in recent moves by the government to bolster the financial system The financials are still lagging which in my opinion shows a lack of confidence in Treasury Secretary Paulson and the undertaking of the Fed and the Treasury he saidAnalysts say investors have been frustrated by the governments change in strategy as it implements its 700 billion financial bailout program the Treasury originally said it would buy soured mortgage debt from banks then decided to buy stock in the banks Last week with the rescue of Citigroup Inc the government again said it was buying the banks failed debtThe government injected a fresh 20 billion into the banking giant and said it would guarantee upto 306 billion of the banks risky assets Banking stocks were among the biggest sectors pulling the overall market down on MondayCitigroup tumbled 184 or 222 percent to 645 Morgan Stanley shares dropped 340 or 231 percent to 1135 Goldman Sachs Group Inc fell 1323 or 167 percent to 6576Retailers were among the days poorest performers WalMart Stores Inc fell 287 or 51 percent to 5301 while JCPenney Co tumbled 244 or 128 percent to 1655Light sweet crude dropped 515 to settle at 4928 a barrel on the New York Mercantile Exchange after OPEC decided not to cut production at an informal meeting in Cairo on Saturday The Organization of the Petroleum Exporting Countries which accounts for about 40 percent of global supply reduced output quotas in October by 15 million barrels a dayThe dollar fell against other major currencies Gold prices also fellOverseas Japans Nikkei stock average fell 135 percent At the close Britains FTSE 100 was down 519 percent Germanys DAX index was down 588 percent and Frances CAC40 was down 559 percent New London prepares for annual holiday fest http://www.axtora.com/homesites/us/wisconsin/delmar/content/6b6bd039013b76679db8cd1a119642af.html NEW LONDON The citys annual Holiday of Wonder event will be Friday just in time to get people in the spirit of the holidays