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To: Snowshoe who wrote (104594)2/25/2014 9:52:04 PM
From: TobagoJack1 Recommendation

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Snowshoe

  Read Replies (3) | Respond to of 218135
 
unsure why the couple in below story did not keep silent

now imo they are jointly and separately in deep danger by all manner of ...

sanfrancisco.cbslocal.com

NorCal Couple Finds $10M In Gold Coins; May Be Greatest Buried Treasure Ever Found In U.S.

The cans containing gold coins valued at $10 million found by a Northern California couple. (Kagin’s Inc.)

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TIBURON (CBS SF) – A couple has made the buried treasure find of a lifetime – gold coins worth millions of dollars – on their property in Northern California.

A cache of more than 1,400 rare U.S. gold coins, stored in decaying metal cans and buried near an old tree on the property, was discovered as the couple were taking their dog on a daily walk.

The estimated value is believed to be in excess of $10 million and may be the most valuable hoard of gold coins unearthed in North America, according to veteran numismatist Don Kagin.

Kagin, president of numismatic firm Kagin’s Inc. of Tiburon, says the couple want to remain anonymous and plan to sell most of the coins.

Kagin said the gold pieces were struck between 1847 and 1894, many of which are in pristine condition. “This family literally found the pot of gold at the end of the rainbow,” said Kagin said.

The find is now being called The Saddle Ridge Treasure, named after a feature of the family’s property.

After finding the treasure, Kagin Inc. senior numismatist David McCarthy was dispatched to evaluate the coins, according to the press release.

“We all dream about discovering buried treasure; seeing the real thing in person – piles of gold coins encrusted in dirt and rust – the experience was just indescribable,” said McCarthy. “Never in my wildest dreams would I imagine coins coming out of the ground in the kind of condition that I saw in front of me. Many pieces were finer than anything known in major collections or museums.”

Kagin said the previous largest gold coin find in the United States was found in Tennessee in 1985 with coins having a face value of $4,500, eventually selling for around $1 million. The face value of the Saddle Ridge treasure is over $28,000.

About 90 percent of the gold pieces will be available for purchase through Amazon.com, according to Kagin.



To: Snowshoe who wrote (104594)2/26/2014 10:48:08 AM
From: elmatador  Respond to of 218135
 
Obama to push $300-billion transportation plan during Minnesota visit

February 26, 2014, 5:42 a.m.

WASHINGTON -- President Obama is scheduled to tour a revived train station in the Midwest on Wednesday to extol the benefits of federal spending on light-rail, roads and bridges as he tries to prod Congress to take up a major transportation bill this year.
During a visit to St. Paul, Minn.’s freshly renovated Union Depot, Obama is to outline a four-year, $302-billion transportation plan, the White House said. If Congress doesn’t act to renew infrastructure programs, more than 700,000 jobs will be at risk, Obama plans to say.

The president’s warning may be a bit premature. The current transportation law does not expire until the end of September, and lawmakers have begun working on a reauthorization plan. Still, Obama, who has vowed not to be idle while his top legislative priorities sit dormant on Capitol Hill, is eager to show he is engaged.

To be sure, passing a major transportation bill through a divided Congress averse to big, costly legislation has been a considerable challenge in recent years. After the last major law expired in 2009, deficit-focused lawmakers could only pass a series of one-year extensions until July 2012, when they agreed to plan for two years of programs supporting highways, public transit, bridges and other transportation projects.

Obama’s four-year proposal would inject $150 billion in one-time funding into projects aimed at tackling what he calls the nation’s infrastructure “crisis.” That money would come from another long-stalled legislative goal -- an overhaul of the corporate tax system. A White House official, who would not be named discussing the plan in advance of the announcement, said the president would make clear he was not wedded to that plan.

“While the president will show how to fully pay for his proposal in this way, he will also make clear that he is open to ideas and wants to work with Congress in a bipartisan way to get this done,” the official said.

Obama has long beat the drum for more infrastructure spending to spark job creation, with mixed success. Congress has repeatedly rejected his plan to create an federal infrastructure bank that could leverage private investment in projects.

On Wednesday, Obama is set to highlight a far more successful initiative. The Transportation Investment Generating Economic Recovery, or TIGER, grant program was created as part of the 2009 stimulus legislation. The grants have sent $3.5 billion to 270 projects across the nation, including the revival of the historic train station in downtown St. Paul.

The depot, which saw the last train leave the station in 1971, is winding down a decade-long, $243-million transformation to a transportation hub for commuter rail, buses and a new light-rail service connecting the downtowns of Minneapolis and St. Paul. Local officials won about $35 million in federal grants for the renovation project.

Obama is to tour the light-rail maintenance facility as he touts the next round of TIGER grants. Congress approved $600 million for the program -- a 26% increase over fiscal year 2013. The money will be awarded in a competition that will prioritize “transformative” projects, the White House said.

The Department of Transportation will reward projects that increase economic opportunity and “make it easier for Americans to get to jobs, school, and other opportunities, promote neighborhood revitalization and business expansion, and reconnect neighborhoods that are unnaturally divided by physical barriers such as highways and railroads,” the White House said.

kathleen.hennessey@latimes.com

Twitter: @khennessey

latimes.com