Jobless man asks judge for jail time

[AlonzoMourning23]

COLUMBUS, Ohio (AP) -- A man who couldn't find steady work came up with a plan to make it through the next few years until he could collect Social Security: He robbed a bank, then handed the money to a guard and waited for police.

On Wednesday, Timothy J. Bowers told a judge a three-year prison sentence would suit him, and the judge obliged.

"At my age, the jobs available to me are minimum-wage jobs. There is age discrimination out there," Bowers, who turns 63 in a few weeks, told Judge Angela White.

The judge told him: "It's unfortunate you feel this is the only way to deal with the situation."

Bowers said he had been able to find only odd jobs after the drug wholesaler he made deliveries for closed in 2003. He walked to a bank and handed a teller a note demanding cash in an envelope. The teller gave him four $20 bills and pushed a silent alarm.

Bowers handed the money to a security guard standing in the lobby and told him it was his day to be a hero.

He pleaded guilty to robbery, and a court-ordered psychological exam found him competent.

"It's a pretty sad story when someone feels that's their only alternative," said defense attorney Jeremy W. Dodgion, who described Bowers as "a charming old man."

Prosecutors had considered arguing against putting Bowers in prison at taxpayer expense, but they worried he would do something more reckless to be put behind bars.

"It's not the financial plan I would choose, but it's a financial plan," prosecutor Dan Cable said.



http://www.cnn.com/2006/LAW/10/12/robber.retirement.ap/index.html

[ECW]

I'm blaming Chimpy for this poor man's inability to find a job in this crappy economy. Bastard.

[Labrocca]

Yeah because 10 years ago it was so easy for a man of 63 to find a job. Please....blame it on Bush gets kind of old.

As for the story. It's sad but the judge did the right thing. Let's hope he is treated well in prison. Maybe I will write to him.

[BoogyMan]

I'm blaming Chimpy for this poor man's inability to find a job in this crappy economy. Bastard.


ECW, you blame "chimpy" for just about every perceived ill out there so it doesn't surprise me that you assign this to him as well. Especially in the horrible economy where that stinkin DOW is closing higher than ever!

Ahhh, and then you sign it with the true mark of a liberal.

[AlonzoMourning23]

I think ECW was being sarcastic.

I think the issue here has more to do with the guys age than anything else.

[BoogyMan]

I think ECW was being sarcastic.

I think the issue here has more to do with the guys age than anything else.


Thats not sarcasm thats dishonesty.


Link Here (http://news.yahoo.com/s/ap/20061012/ap_on_bi_st_ma_re/wall_street;_ylt=AgAJNDA_MKyiftRMCSDrHGis0NUE;_ylu =X3oDMTA3bGI2aDNqBHNlYwM3NDk-)

Dow up 96 to close at record 11,948

NEW YORK - The Dow Jones industrial average broke through 11,900 to close at a record high Thursday, boosted by optimism over the health of corporate earnings.

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The index's gain marked its fifth record close in two weeks; the Dow also set a record intraday high.

The markets were upbeat Thursday, with investors focusing on positive news from well-known consumer brands such as McDonald's Corp. and on economic data that indicated the economy was holding up even as it slowed. Oil prices, which remain near lows for the year, also boosted the mood on Wall Street.

"In general, we're getting friendly reports between oil inventories being up higher than expected and then some bellwether companies that are exceeding estimates," said John C. Forelli, portfolio manager for Independence Investment LLC in Boston. "It's kind of a return to the Goldilocks economy."

The Dow Jones industrial average rose 95.57, or 0.81 percent, to 11,947.70. The advance put the 12,000 threshold within investors' sights. The previous record close, from Tuesday, was 11,867.17. The intraday high set Thursday was 11,959.63, eclipsing an earlier record of 11,872.94 reached Monday.

Broader stock indicators also moved higher. The Standard & Poor's 500 index was up 12.88, or 0.95 percent, at 1,362.83, and the Nasdaq composite index showed the day's biggest gain, advancing 37.91, or 1.64 percent, to 2,346.18.

Bonds rose, with the yield on the benchmark 10-year Treasury note falling to 4.77 percent from 4.78 percent late Wednesday. The dollar was mixed against other major currencies, while gold prices rose.

Oil prices hovered near year lows following an Energy Department report that inventories were higher last week and amid doubts about whetherÂ*Â*Â*Â*Â*Â*Â*Â*OPEC's members will be able to agree on an immediate production cut. The price of a barrel of light, sweet crude, which settled at a low for the year on Wednesday, rose 27 cents to $57.86 on the New York Mercantile Exchange.

Investors got a look at the state of the economy with the release of theÂ*Â*Â*Â*Â*Â*Â*Â*Federal Reserve's Beige Book, which summarizes regional economic activity. The report found that economic growth appeared to be moderate or mixed — findings that seemed to reassure investors looking for the economy to slow at a reasonable pace.

Kevin Logan, chief U.S. economist at Dresdner Kleinwort, said the Beige Book's tone was more optimistic than the one issued in August.

"They didn't say there was much of an inflation problem. Investors saw this as confirmation that the Fed is on hold," he said.

Investors have been keeping close tabs on the Fed as they try to gauge how quickly the economy is slowing. The central bank left short-term interest rates unchanged at its last two meetings following a two-year string of 17 straight increases aimed at curbing inflation. The Fed has said it remains concerned about inflation, but the slowing economy has prompted some hopes, however slim, that a rate cut could be in the offing.

Investors paid less attention to aÂ*Â*Â*Â*Â*Â*Â*Â*Commerce Department report that showed the country's trade deficit rose to a record $69.9 billion in August, a 2.7 percent increase from July. Increased oil imports outpaced a record level of goods and services exports.

Logan said the markets tend to show little reaction to the trade data because, in terms of capital flows, foreign investors still prefer to hold dollars, which keeps the dollar stable.

"Without a depreciation of the dollar that forces up interest rates and inflation, then the equity market is not sensitive to changes in the monthly trade balances," he said.

Some positive corporate news proved reassuring for some investors.

McDonald's rose 98 cents, or 2.38 percent, to $42.23 after saying systemwide same-store sales, or sales at stores open at least a year, rose 9.8 percent in September. The world's largest fast-food chain, and one of the 30 stocks that comprise the Dow, said its third-quarter profit would top Wall Street's expectation.

Warehouse chain Costco Wholesale Corp., advanced $3.83, or 7.65 percent, to $53.90 after reporting its fiscal fourth-quarter profit rose 1 percent.

Yum Brands Inc., parent of the Taco Bell, Pizza Hut and KFC fast-food chains, rose $4.51, or 8.26 percent, to $59.08 after reporting that its third-quarter profit increased 12 percent, aided by growth in China. The company raised its full-year profit forecast above Wall Street's expectation.

PepsiCo Inc. fell $1.01 to $62.85 despite posting a 71 percent increase in its third-quarter profit. The snack food and soft drink maker said sales rose 9 percent from the year-ago period, which was hurt by a tax charge. The company's forecast, however, was short of Wall Street's expectation.

Deluxe Corp., which makes products like checks and business cards, jumped $3.08, or 16.9 percent, to $21.29 after raising its third-quarter and full-year profit forecasts as manufacturing and other costs fell.

Advancing issues outnumbered decliners roughly 4 to 1 on theÂ*Â*Â*Â*Â*Â*Â*Â*New York Stock Exchange, where consolidated volume came to 2.53 billion shares, compared with 2.60 billion shares Wednesday.

The Russell 2000 index of smaller companies gained 15.38, or 2.07 percent, to 757.09.

Overseas, Japan's Nikkei stock average closed down 0.19 percent. Britain's FTSE 100 closed up 0.79 percent, Germany's DAX index rose 0.67 percent, and France's CAC-40 advanced 0.91 percent.

[AlonzoMourning23]

The dow isn't evidence of that. They're different aspects of the economy and don't always tell the same story.