News

Wheelhouse Weekly – November 15, 2011

November 15th 2011

 

– Bridging the Information Gap With E-News You Can Use –

Volume 15 . . . . . Number 46. . . . November 15, 2011

STORIES COVERED

Did you miss a week? Back editions of the Wheelhouse Weekly are available in the section.


MM&P CLOSED NOV. 24-5 FOR THANKSGIVING

All MM&P union halls, the MM&P Health & Benefit Plans, the MM&P Federal Credit Union and MM&P headquarters will be closed on Thursday and Friday, Nov. 24-5, for Thanksgiving.


JONES ACT VITAL TO NATIONAL SECURITY, DEFENSE THINK TANK SAYS

The Lexington Institute, a non-partisan think tank specialized in domestic security issues, says the Jones Act is vital to the economic, homeland and national security of the United States. The Arlington, Va.-based group conducted a report which found that the Jones Act serves the nation by maintaining a skilled merchant marine, along with shipbuilding capacity and sealift capability.

“The greatest danger to the role and function of the United States as a seafaring nation is the decline of its maritime industry and merchant marine,” the authors of the report said. “Commercial shipyards have made significant investments to modernize, and turn out high-quality vessels with advanced engineering. Moreover, tens of thousands of merchant mariners are at work every day as a consequence of the Jones Act. As a result, the nation retains the means to build and repair Navy vessels, and provide critical sealift for the military.”

The report found that the importance of the Jones Act becomes especially apparent during times of war, citing the Navy’s endorsement of the law. “The official view of the U.S. Navy is that the Jones Act continues to make a vital contribution to U.S. national security,” the report concluded. “For decades, U.S. merchant mariners have provided essential support for the Navy during times of war and national crisis. Repealing the Jones Act would remove that support at a time when we are fighting two wars and facing a continuing threat from international terrorism.” U.S.-flag merchant marine vessels have recently carried cargoes bound for Iraq and Afghanistan, and delivered relief supplies to victims of natural disasters around the world.

The Lexington Institute is a non-profit public policy think tank. To view the report in its entirety, go to: http://tiny.cc/jonesact.


MAKE U.S. TRANSPORTATION SYSTEM THE DRIVER OF OUR ECONOMY, TTD TELLS DEBT COMMISSION

America’s transportation unions are calling on members of the Congressional Deficit Reduction Committee to expand investments in transportation to create jobs and boost the country’s gross domestic product. “I am writing to urge you to adopt revenue and spending policies that will support our nation’s transportation system and allow this sector to help drive our economic recovery,” wrote AFL-CIO Transportation Trades Department (TTD) President Edward Wytkind in a letter to Committee Co-Chairs Patty Murray (D-Wash.) and Jeb Hensarling (R-Texas). “Specifically, I urge you to reject ill-advised proposals to roll-back federal investments in our transportation network and instead to embrace a massive expansion in these investments to create millions of jobs and produce a net gain in GDP,” he wrote.

“We cannot cut our way to prosperity,” Wytkind added. “Without significant increases in job-creating transportation system investments, the economy will falter, our businesses will become less competitive, millions of workers will remain on the sidelines and America will lose its standing in the world as the leader in the movement of goods and people.

Wytkind cited statistics compiled by the non-partisan Congressional Budget Office that show that if the economy were to perform up to its full potential (that is, if labor and capital resources were fully utilized) the deficit would decrease by a third in fiscal year 2012. “It must be remembered that our failing infrastructure is costing American families and businesses $130 billion a year,” he said.


HORIZON LINES LOSES $126 MILLION IN THIRD QUARTER

Horizon Lines lost $126 million in the third quarter, but a spokesman for the company said its recent refinancing and the decision to end FSX service in the trans-Pacific market will allow it to stabilize its financial situation. The loss included a $117.5 million charge that derived in part from the shutdown of the trans-Pacific route.


OHIOANS VOTE TO REPEAL ANTI-COLLECTIVE-BARGAINING LAW

In a big win for Ohio working families, voters last week dealt a blow to the anti-union agenda of Republican Gov. John Kasich. The vote to repeal Senate Bill 5 (SB 5) was 61 percent in favor of repeal and 38 percent opposed. SB 5 would have limited collective bargaining rights for more than 350,000 public workers in the state.

SB 5 passed the Ohio legislature by a single vote in March. Immediately afterwards, a campaign to repeal the measure got underway. By June, volunteers had collected an unprecedented 1.3 million signatures to put the issue on the ballot. The vote on SB 5 is being seen as a barometer of Kasich’s popularity in the state. The governor is a former investment banker and Fox News TV personality who worked at the defunct firm Lehman Brothers before it failed in 2008.

The effort to repeal SB 5 received massive support from thousands of volunteers who refused to let Ohio’s police, firefighters and teachers lose their collective voice. Democratic National Committee Chair Rep. Debbie Wasserman Schultz cheered the outcome, calling the law “a blatantly partisan attempt to lay the blame for our economy on middle-class Americans, while letting the wealthiest and special interests off the hook and not asking them to pay their fair share.” She said voters in Ohio “know that targeting public employees for political reasons will do nothing to create jobs or boost the economy.”


OFFSHORE MEMBERSHIP MEETING IN BOSTON ON NOV. 22

There will be a meeting of the Offshore Membership Group at MM&P’s Boston Hall on Tuesday, Nov. 22, at 11:00. MM&P International Secretary-Treasurer Don Marcus and Atlantic Ports Vice President Steve Werse will both be in attendance.


MM&P HOLIDAY PARTIES BEING SCHEDULED

MM&P members, employees, their families and friends are encouraged to attend the holiday parties now being scheduled in our union halls.

On the East Coast:

— Boston, Tuesday, Dec. 13, 12:00 to 4:00 p.m., Boston Union Hall, 12 Channel St., Suite 606-A;

— New York/New Jersey, Wednesday, Dec. 14, at 1:00 p.m., at the New York/New Jersey Hall;

— Norfolk, Thursday, Dec. 15, at noon, Norfolk Commerce Centre III, 5425 Robin Hood Rd.,  Suite 204,  Norfolk (conveniently located off I-64/Military Hwy and Norfolk International Airport; HRT bus stops front of building).

On the West Coast:

— Oakland, Friday Dec. 9, 12:30 p.m., in the Oakland Hall with members of the Marine Engineers’ Beneficial Association (MEBA);

— Los Angeles, Friday, Dec. 16, at noon, in the Los Angeles Hall with members of MEBA;

— Seattle, Friday, Dec. 2, at noon, in the Seattle Hall.


APPLICATIONS FOR OFFSHORE SCHOLARSHIP PROGRAM NOW AVAILABLE

Applications for the 2012-13 Offshore Scholarship Program are available for eligible dependent children of eligible Offshore members and co-pay pensioners in good standing. Applicants must be high school seniors during the 2011-12 school year. Please contact Madeline Petrelli at the Plan Office at 410-850-8615 to request an application packet. Completed applications must be returned to the Plan Office by Nov. 30, 2011 in order for them to be submitted for review and processing by the Scholarship Recognition Award Program in Princeton, N.J. The Scholarship Recognition Award Program will review the qualifications of all applicants and select the winners. The names of the winners will be presented to the Trustees for final approval at the Board’s June 2012 meeting.


PUT A MADE IN USA SPIN ON TRADITION THIS HOLIDAY SEASON

As the holidays approach, Asian factories are kicking into high gear to provide us with piles of cheaply produced goods: merchandise produced at the expense of American labor. But we can make this year different! Let’s forget the excuse that nothing can be found that is produced by American hands. It’s time to think outside the box.

Who says a gift needs to fit in a shirt box, wrapped in Chinese-produced wrapping paper? How about gift certificates from your local American hair salon or barber? What about gym membership? And who among us wouldn’t appreciate getting their car detailed?

Are you one of those extravagant gift givers who think nothing of plunking down the Benjamins on a Chinese-made flat-screen? Perhaps the person who would have received this gift would like his driveway sealed, or his lawn mowed in the summer, or his driveway plowed all winter, or a few games at the local golf course.

There are millions of owner-run restaurants in this country and all of them offer gift certificates. And, if your intended isn’t the fancy eatery sort, what about a half dozen breakfasts at the local breakfast joint? Together, we can make a difference! Let’s put a “made in the USA” spin on the holidays and support our fellow Americans!


COAST GUARD PROPOSES MOVING WEST COAST SHIPPING LANES TO PROTECT WHALES

The Coast Guard earlier this month published a proposal that would narrow shipping lanes in the Santa Barbara Channel to keep ships away from whales in the Channel Islands National Marine Sanctuary. The agency has also proposed moving one of the lanes north of an underwater drop-off close to the Santa Cruz and Santa Rosa islands where blue, fin, and humpback whales gather to feed on krill. Another proposal is the establishment of new shipping lanes that would lie south of the Channel Islands. Since 2007, four blue whales have died in the area as a result of vessel collisions.


MITAGS ACADEMIC NOTES

Try our on-line interactive calendar to register for class: http://mitags-pmi.org/courses/calendar/

For class availability or info on MITAGS courses and programs, contact Kelly Michielli, Admissions Coordinator, toll-free at 866-656-5568 or Email: admissions@mitags.org.

AB – Able Bodied Seaman: 1/9

ARPA – Automated Radar Plotting Aids: 1/24, 3/13

AZIPOD (2-DAY) for Pilots: 3/13

BRM – Bridge Resource Management: 2/20

BRMP – Bridge Resource Management for Pilots:  11/28, 1/23, 3/1

BST – Basic Safety Training: 1/23

[CMM – Chief Mate and Master Courses]

CMM-ADVWX – Advanced Meteorology: 1/9, 3/19

CMM-ADVNAV – Advanced Navigation (=ECDIS & VPEN): 3/5

CMM-ADVSTB – Advanced Stability: 1/16

CMM-CHS – Advanced Cargo Operations (2 weeks): 1/30

CMM-ECDIS – Electronic Chart Display and Information Systems: 1/23

CMM-MPP – Marine Propulsion Plants: 1/23, 3/26

CMM-SHMGT – Ship Management (2 weeks): 12/5, 2/20

CMM-SHS-ADV-I – Advanced Shiphandling (week 1): 11/28, 1/16, 1/30, 2/27, 3/12, 3/26

CMM-SHS-ADV-I I – Advanced Shiphandling (week 2): 12/5 , 1/23, 2/6, 3/5, 3/19

CMM-WKP – Advanced Watchkeeping: 11/28, 2/13


CONSTAB – Ship Construction and Basic Stability: 1/9

CONT PLNG – Contingency Planning: 3/15

DDE-GL – Designated Duty Engineer Great Lakes: 1/30

ECDIS-ENAV (2 DAY) for Pilots: 3/1

ENAV – Electronic Navigation: 3/19

ENVIRO-Regs Permit – Environmental Regulations Permit: 3/13

FF-BADV – Combined Basic and Advanced Fire Fighting: 1/23

FSM – Fatigue, Sleep and Medications for Pilots: 3/16

GMDSS – Global Maritime Distress Safety Signal: 2/20

HAZ – Hazardous Materials (5 day): 11/28, 3/5

LAP – License Advancement Program for Chief Mate & Master: 3/19

LAP-GL – License Advancement Program for Great Lakes: 1/30

LAP-ORG 3rd – License Advancement Program for Original 3/Mate: 12/5

LEG – Legal Aspects of Pilotage: 11/28, 1/23, 3/1

MCL – Management, Communication & Leadership: 3/26

MED-PIC – Medical Person In Charge: 1/9, 2/13, 3/19

MED-PIC -R– Medical Person In Charge Refresher: 3/5

MED-PRO – Medical Care Provider: 1/9, 2/13, 3/19

MED-DOT-DA – Dept. of Transportation Drug & Alcohol Testing: 1/14, 3/24

MSC -SMA – Military Sealift Command Small Arms Qualification: 3/12

ROR-1 – Radar Observer Renewal Evening Classes: 11/16, 12/7, 12/14, 1/11, 1/25, 2/8, 2/22, 3/7, 3/21

ROR-1 – Radar Observer Renewal: 1/23, 3/12

ROP-5 – Radar Observer Original and Renewal: 1/16

SEC-VCF – Security Officer, Vessel, Company & Facility: 3/12

SHS-BAS – Basic Shiphandling: 12/12, 2/13

SHS-ESH-BRMP3 – Emergency Shiphandling and Bridge Resource Management for Pilots: 1/11, 2/27

SHS-EMR5 – Emergency Shiphandling: 3/5

TCNAV/CO – Terrestrial and Costal Navigation and Compasses: 1/30

TPIC-DL – Tankerman Person In Charge Dangerous Liquids: 3/5

WKP BAS – Basic Watchkeeping: 3/5

WX-BAS – Basic Meteorology: 3/26

…Remember: If you can’t make the class, make the call. Be courteous, don’t be a “no show.”

Check the MITAGS website at www.mitags.org for course descriptions associated with the course title abbreviations, and schedule revisions.
 


PMI ACADEMIC NOTES

Schedule of Courses – Please also see our schedule online at www.mates.org
 
For registration, call our registrar, Jennifer Pitzen, at (206) 838-1126
 
November 2011

28th   Radar Renewal
28-2    Medical Care Provider
28-9    Medical Person-In-Charge
29-2    ARPA

December 2011

5th      Radar Renewal
5-9      Train the Trainer
5-16     GMDSS
12-16   Radar Observer Unlimited
19-22  ARPA


MM&P MARKET WATCH AS OF 11-11-11

D O W N A S D A Q S & P 500
12,153.68 2,678.75 1,263.85
Fund Name & Trading Symbol
 Closing
Price
 Vanguard Asset Allocation Fund (VAARX)
54.21
 Vanguard 500 Index Fund (VFINX)
116.66
 Vanguard Extended Market Index Fund (VEXMX)
40.09
 Vanguard International Growth Fund (VWIGX)
17.61
 Vanguard Morgan Growth Fund (VMRGX)
18.18
 Vanguard Windsor II Fund (VWNFX)
25.99
 Vanguard GNMA Fund (VFIIX)
11.10
 Vanguard Growth Index Fund (VIGRX)
32.45
 Vanguard High Yield Corporate (VWEHX)
5.66
 Vanguard LifeStrategy Conservative Growth (VSCGX)
16.40
 Vanguard LifeStrategy Growth Fund (VASGX)
21.65
 Vanguard LifeStrategy Income Fund (VASIX)
14.27
 Vanguard LifeStrategy Moderate Growth (VSMGX)
19.56
 Vanguard Target Retirement 2005 (VTOVX)
12.33
 Vanguard Target Retirement 2015 (VTXVX)
12.69
 Vanguard Target Retirement 2025 (VTTVX)
12.68
 Vanguard Target Retirement 2035 (VTTHX)
12.95
 Vanguard Target Retirement 2045 (VTIVX)
13.34
 Vanguard Total Bond Index (VBMFX)
10.99
 Vanguard Total Stock Market Index Fund (VTSMX)
31.57
 Chase Growth Fund (CHASX)
17.68
 Fidelity Asset Manager (FASMX)
15.27
 Fidelity Growth and Income (FGRIX)
18.12
 Fidelity Intermediate bond Fund (FTHRX)
10.85
 Fidelity Magellan Fund (FMAGX)
61.90
 Fidelity Value Fund (FDVLX)
64.70
 Fidelity Equity-Income II Fund (FEQTX)
17.17
Fidelity Blue Chip Growth Fund (FBGRX)
44.05
 Fidelity Diversified International Fund (FDIVX)
27.39
 Fidelity Dividend Growth Fund (FDGFX)
26.60
 Fidelity Freedom Income (FFFAX)
11.41
 Fidelity Freedom 2000 (FFFBX)
12.17
 Fidelity Freedom 2010 (FFFCX)
13.62
 Fidelity Freedom 2020 (FFFDX)
13.70
 Fidelity Freedom 2030 (FFFEX)
13.47
 Fidelity Freedom 2040 (FFFFX)
7.74
 Fidelity Freedom 2050 (FFFHX)
9.00
 Fidelity Total Bond Fund (FTBFX)
10.93
 Spartan Extended market Index Fund (FSEMX)
36.61
 Spartan US Equity Index Fund (FUSEX)
44.83
 Domini Social Equity Fund (DSEFX)
30.58



The MM&P Wheelhouse Weekly is the official electronic newsletter of the International Organization of Masters, Mates, and Pilots, ILA, AFL-CIO, 700 Maritime Blvd. Suite B, Linthicum Heights, MD 21090-1953. Phone: 410-850-8700; Fax: 410-850-0973; Email: iommp@bridgedeck.org. For further info or to subscribe contact Lisa Rosenthal at lrosenthal@bridgedeck.org. The Wheelhouse Weekly is sent via Email to MM&P-contracted vessels at sea and is posted on our web page.

© 2011, International Organization of Masters, Mates & Pilots. All the material contained in this publication is protected by copyright. For permission to reprint text from the Weekly, contact the MM&P Communications Department: lrosenthal@bridgedeck.org. For changes of address, contact Lisa Rosenthal at lrosenthal@bridgedeck.org.