October 2009 eBook all pages (free PDF, 36.6 - Latitude 38

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Page 74 • Latitude 38 • October, 2009 LOOSE LIPS Driving taxpayers to drink cheap rum. The following are first three paragraphs of a story by Tom Hamburger and Peter Wallsten that appeared in the August 2 Los Angeles Times. While the connection between sailing and rum is somewhat tenuous, we thought the story was so outrageous, but so typical, that we couldn‘t resist. "Yo ho ho and a bottle of rum. "With little fanfare, a deal is moving forward to provide billions of tax dollars and tax breaks to an unlikely beneficiary — the giant British liquor producer that makes Captain Morgan rum. Once a pirate, always a pirate. More than 300 years after he plundered the Caribbean, Captain Henry Morgan is back to his looting ways, this time here in the good ol' U.S. of A. "Under the agreement, Diageo in London will receive tax credits and other benefits worth $2.7 billion over 30 years, including the $165 million cost of building a state-of-the-art distillery on the island of St. Croix in the Virgin Islands, a U.S territory." So ends the Times excerpt. A couple of interesting facts: • Diageo is the largest distilled spirits maker in the world. • The $2.7 billion that Diageo will receive in benefits can also be expressed as $2,700 million. • The agreement will result in the creation of 40 to 70 jobs in St. Croix — but will also result in the loss of up to 300 jobs in Puerto Rico. • According to the article, the deal has attracted “little opposition in Congress or elsewhere,” except for a few representatives of Puerto Rican interests. • Charles Rangel (D-N.Y.), chairman of the House Ways and Means Committee — which means he oversees tax policy and therefore has the “highest perch in the House” — cited his longtime support of the rum tax, and refuses to intervene in the massive giveaway. • Also in the September 2 L.A. Times, there was an article reporting that the same Charles Rangel failed to report $600,000 in income, is delinquent on taxes for two parcels in New Jersey, failed to report the sale of a $1.3 million brownstone, and is illegally occupying four rent-controlled units in New York City. He’d previously admitted to have paid no taxes on $75,000 worth of income on a condo in the Dominican Republic. • If you’re a taxpayer, you shouldn’t be sailing and drinking rum — especially Captain Morgan rum — at the same time. But given the way the government pisses away taxpayer resources, we'd sort of understand if you did. Can you hear me now? Visitors to the San Francisco Maritime National Historical Park can now use their cell phones for a free audio tour of the park's features. With 28 topics ranging from 'Danger and Adventure on the High Seas' to 'Swimmers in San Francisco Bay', visitors can pick and choose which episodes to listen to. If you don't like surprises, you can even listen to the entire tour from the comfort of your salon — go to www.nps.gov/safr/planyourvisit/cellphoneaudiotours.htm for the list of topics and their corresponding tour number, then call (415) 294-6754.
Commercial Operations • COMMERCIAL POLICIES Marinas, Yards, Yacht Clubs, Brokers, Shipwrights Bill Fowler McDerMottcosta Insurance (925) 606-6606 Fax (510) 357-3230 bfowler@mcdermottcosta.com Pleasure Yachting • YACHT & BOAT POLICIES Offshore, Coastal, Inland and Liveaboards McDermott Costa 70th A N N I V E RSARY 1 9 3 8 - 2 0 0 8 ALAMEDA'S FINEST SLIPS AVAILABLE AT * ❖ ❖ *Join our wait list. Prime slips do become available. Register on our free wait list to save your spot now! WELCOME! Fortman Marina welcomes David Lee and Cruising World Pacific to our onsite brokerage office. (510) 764-1734 www.fabulousyachts.com Sheltered Alameda Location Competitive Rates 1535 Buena Vista Ave., Alameda, California (510) 522-9080 For directions and rates go to: www.fortman.com October, 2009 • Latitude 38 • Page 75
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Latitude 38 OCTOBER 2009 VOLUME 388
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PHOTO: MARIAH’S EYES PHOTOGRAPHY
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neW FiRST 40 AVAiLABLe nOW! neW 54
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Preowned Catalina Yachts Catalina 4
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REDUCED Exclusive West Coast Dealer
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San Francisco's yacht broker since
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The BoaT Yard aT Grand Marina Deale
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Santa Cruz 52, 2000 Isis The ultima
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October, 2009 • Latitude 38 • P
Page 23 and 24: Larry Mayne Yacht & Ship Brokerage
Page 26 and 27: Duh! Double Grip $132.00 Dead simpl
Page 28 and 29: Artistic Forgeries Forged Shackles
Page 30 and 31: 2ND ALTERNATOR KITS and SERPENTINE
Page 32 and 33: SANTA ROSA BOAT CENTER If it's on a
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Page 36 and 37: WHALE POINT ��
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Page 40 and 41: YEAR END CLEARANCE! Page 40 • Lat
Page 42 and 43: Monitor Windvane Gets Highest Score
Page 44 and 45: Gateway to the Bay & Delta • Comp
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Page 50 and 51: HOGIN SAILS Bring your sails by for
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Page 76 and 77: LAURA DEKKER SIGHTINGS Page 76 •
Page 78 and 79: PHOTOS J. INNIS KIRKLAND SIGHTINGS
Page 80 and 81: SIGHTINGS Page 80 • Latitude 38
Page 82 and 83: SPREAD: LATITUDE / ANDY; INSET: COU
Page 84 and 85: SIGHTINGS Page 84 • Latitude 38
Page 86 and 87: PHOTOS LATITUDE / LADONNA SIGHTINGS
Page 88 and 89: ROLEX BIG BOAT SERIES When it was a
Page 90 and 91: ROLEX BIG BOAT SERIES The 'Vincitor
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Page 96 and 97: SHARON GREEN/WWW.ULTIMATESAILING.CO
Page 98 and 99: REBIRTH OF EROS — If you own a bo
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Page 102 and 103: REBIRTH OF EROS ago there wasn't a
Page 104 and 105: IDIOT'S GUIDE Despite several advan
Page 106 and 107: IDIOT'S GUIDE a list of what freque
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Page 110 and 111: JAKATAN THE GREAT SCHOONER RACE Haw
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MAX EBB "Finally!" our skipper chee
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MAX EBB f r o m w h i c h , and whe
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THE RACING Whew! The end of August
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RICH ROBERTS ERIK SIMONSON/WWW.MARI
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PETER LYONS/WWW.LYONSIMAGING.COM TH
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THE RACING a comprehensive report i
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THE RACING led by 30 seconds at the
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THE RACING this point Jack McDermot
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WORLD With reports this month on Hi
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WORLD than exhilarating. In fact, a
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WORLD OF CHARTERING we arrived in t
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Largest Selection of Charter Yachts
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GLENN TIEMAN CHANGES With reports t
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GEJA CHANGES ever. Many yacht harbo
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TOUCAN TANGO CHANGES winter rates a
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TOUCAN TANGO CHANGES rest of the tr
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GS CHANGES the delivery back, too.
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CHANGES lem has been my ear. But th
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CHANGES McGeorge of the Virgin Isla
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Page 172 • Latitude 38 • Octobe
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TwO VERy SPECIAL LISTINgS FROM NAPA
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