May 16, 2012

Problems With the Ten Percent Solution

  A state law requiring almost all gasoline sold in Missouri to be mixed with 10 percent ethanol kicks in tomorrow. But our gas stations have a surprise for us—most of them have been selling us ethanol-blended gasoline for several months.

The law says E-10, as it’s called, is to be distributed from terminals to local gas stations whenever the price of E-10 is the same as or less than the price of unblended gasoline. E-10′s price has been lower than gasoline for some time…and most gas stations as a matter of economics have been selling it to us for some time. But market circumstances change day to day and that means some stations will get E-10 one day and regular gasoline the next—meaning the mixture in the underground tank is less than the required ten percent.Ron Leone, who heads the association that represents about 75 percent of Missouri’s gas stations, says he’s cautiously optimistic that state enforcers will recognize the law creates a contradictory situation that puts service stations in an uncomfortable middle…and puts Missouri’s law in some confrontation with the Environmental Protection Agency. Leone hopes state regulators will be reasonable as they figure out how the mandate really works at the street level.

Download Bob Priddy’s storyd (:60 mp3)

End of Year Means Time Running Out for 2007 Tax Deductions

The end of the year means time is running out for taxpayers to make some moves affecting the amount of income tax money that is owed.

Michael Devine, an Internal Revenue Service media relations specialist for Missouri & Kansas, says the best bet for saving 2007 tax dollars is through charitable donations. But he cautions the honor system is no longer in play – the IRS will want to see receipts. Devine says donated clothing or other goods must be in good condition, meaning they must be reusable without any kind of repairs. He says donations of items that should have been thrown in the trash are not eligible for tax deductions.

Another tax break comes through the purchase of energy efficient windows, doors, or insulation. Those purchases could be worth a tax credit of up to $500. But those purchases must be made today to qualify for the 2007 income tax returns.

Download/Listen: Steve Walsh report (:60 MP3)

NFL Roundup: Rams and Chiefs Lose

Both of Missouri’s pro football teams ended their 2007 seasons with losses.  First, in Arizona, Kurt Warner burned his former team in a 48-19 Cardinals win.  The Jets ruined a homecoming of sorts for Herm Edwards winning 13-10 in overtime.

Warner threw for 300 yards and three touchdowns, along with two late interceptions, while Rams quarterbacks Marc Bulger and Gus Frerotte had passes returned the other way for scores.  Rams finish 3-13, Arizona gets their first non-losing season since 1998.  They finish 8-8.

Another poor showing by the Chiefs offense, just 219 total net yards, and they are handed their 9th loss in a row falling in overtime 13-10 to the New York Jets.  Tony Gonzalez sets an NFL record for career receptions by a tight end with 820.  He had seven catches on the day to pass Shannon Sharpe’s record of 815.  Chiefs finish 4-12.

Tigers Bit By The Bulldogs

Mississippi State beat Missouri 87-75. The Bulldogs lost a 12-point lead early in the second half but recovered late to pull away with the win.

The Tigers (9-5) were led by guard Matt Lawrence, whose 28 points were a career high. Stefhon Hannah added 16 points and seven assists before fouling out, while DeMarre Carroll added 12 points before also fouling out.

The Bulldogs led 41-38 at halftime, but Missouri tied the game early in the second half. Mississippi State responded with an 11-0 run that gave the team a 56-44 lead with 14 minutes left. Missouri responded with its own 10-0 run, and with eight minutes left in the game the teams were tied at 62-62.

That’s the closest Missouri would get the rest of the way.

 

Countdown To The Cotton Bowl-It’s A Homecoming For Chase Daniel

Chase Daniel played his high school football just outside of Dallas and as he returned home on December 22nd, he had time to see friends and family, but got more than he bargained for…but it sounds like he’s loving the attention.

Download/listen to Chase Daniel Feature (mp3)