Category Archives: current events

Is the Noose tightening on Abel Automatics Inc?

The Madoff finish AbelWe’ve mentioned in past posts that Abel Automatics Inc., maker of the Abel reel, has their destiny intertwined with the Bernard Madoff scandal.

Abel Holdings LLC owns Abel Automatics – and both Andrew and Mark Madoff are principals for Abel Holdings, with Andrew Madoff listed as the CEO of Abel Automatics Inc.

Loans made to both sons by the elder Madoff are being contested by the court appointed trustee, Irving Picard, and are likely to be considered Ponzi funds eligible for seizure.

Mark Madoff owes his parents $22 million, and Andrew Madoff owes $9.5 million, according to the filing.

CBS News is reporting that civil suits will be filed against both sons to recover the money.

One source says Picard will seek in excess of $50 million – including at least $30 million in loans to the sons. He is not accusing them of wrongdoing; instead his goal is to recapture money diverted from Bernie Madoff’s massive Ponzi scheme.

A judgment against the Madoff sons will require liquidation of assets to repay the victims of the elder Madoff’s avarice. Which assets are unknown – as is the son’s ability to absorb such a loss.

Outside of the spectacle of rich people and their money, our interest is in the fate of the reel company, Abel Automatics Inc – and whether the Madoff assets will be seized by the government, or whether the sons will be allowed an orderly liquidation and repayment of the original loans.

In one case, Abel Reels will be sold to someone else and in the other – the US government owns the banks, the doctors, and is now making some tasty reels – proof of the decline and fall of free market capitalism…

… actually, in either case the company is likely to be sold.

I just wanted to make the Hardy-Grey’s corporation sweat bullets …

Tags: Andrew Madoff, Mark Madoff, Bernie Madoff, Abel Automatics Inc., Abel Holdings LLC, Irving Picard, Ponzi scheme, Hardy reels

Mountain Trout, you drove all morning to fish like crazy and opted for the drive thru

Trout Economix Nothing like a research paper to wave angrily in front of  county planners while they debate paving your favorite trout stream…

Southwick Associates has released another paper on the effect of mountain trout anglers on North Carolina’s rural pocketbook. Compiled from last year’s statistics, it’s the first research I’ve seen on who we are and what we do when we get there.

The typical resident mountain trout angler spends approximately $65 per day on trip expenditures when mountain trout fishing in North Carolina; nonresidents average $158 on trip expenditures. Annually, the typical resident mountain trout angler spends a little over $500 on mountain trout fishing equipment in North Carolina.

In 2008 North Carolina-bound anglers spent $500 annually; suggesting no new rod, last year’s waders, and the economy weighing on their consciousness. In fly fishing terms that’s 12 dozen flies, a few extra leaders or terminal tackle, and a sandwich or two.

The typical resident mountain trout angler fishes for mountain trout about 10 days in North Carolina in a year; the typical nonresident fishes for about 5 days for mountain trout in North Carolina. Anglers fished an estimated 625,147 days in Hatchery Supported Waters, 374,611 days in Delayed Harvest Waters, and 422,671 days in Wild Trout Waters. Most trips taken by mountain trout anglers last only 1 day.

“Delayed Harvest” is a stocked fishery with catch & release during the Spring, and kill during Summer.

Wild Trout Waters paints a compelling economic picture as it draws nearly 2/3rd’s what the hatchery fishery can boast. Great factoids to use when the county commission balks over the local tributary and a pending “wild trout” designation.

A one day trip suggests additional economic influence. Desperate to get bit they drive all morning, fish like demons, and drive back satiated – avoiding the additional expense of lodging and a possible outfitter.

… and 92% of those basking in the Wild Water are males. Statistically you’ll have to draw straws in the parking lot, with the small straws forced to drink the water, as that’s the only feminine in your collective future.

Tags: North Carolina mountain trout anglers, trout fishing, delayed harvest, Southwick Associates, angling statistics, Wild trout, economic effects of wild trout, fly fishing, hormone water

Now I understand why everyone south of Maine drinks Dr Pepper

estrogen_in_the_water Goodwill has tugged on your heartstrings long enough, and this Christmas I’m turning a deaf ear to the Salvation Army’s brass bell, as we’ve got members of the Angling Brotherhood who are in worse shape.

It’s the perfect storm; upside down on the mortgage so they can’t move out of the area and victimized horribly by selfishly ill people intent on making all their local fish hermorphadites and cross dressers.

We’ve reported on the early findings with great regularity; how wastewater treatment plants are unable to keep pace with the hormone burden, and how the steroids, aspirins, and mood stimulators, are pouring into our precious creeks and canals in increasing amounts.

West Virginia is the most medicated state in the continental US, followed closely by Alabama, South Carolina, Tennessee, Arkansas, Louisiana, Kentucky and Missouri.

“The growth in prescription drug use,” says Barlow, is driven in part by “chronic diseases that are largely preventable and are linked to lifestyle and physical activity.”

OK, call it a shared responsibility – West Virginia and most of the South eat irresponsibly and don’t fish more than a couple car lengths from the parking lot, but emasculating their quarry may be partly to blame.   

And their health problems don’t end there. Twelve percent of the population has diabetes, nearly 4% more than the average rate. Worse yet, almost 70% of West Virginians are obese or overweight, more than one-quarter smoke and 30% report having poor mental health, according to the Centers for Disease Control and Prevention.

Ignoring the above’s health concious bias, it means 70% of  West Virginian’s are ardent anglers – and the other 30% are guides – whose only quarry is semi-female fish with morbidly low blood pressure. It guarantees declining licensing revenue, the shuttering of their hatcheries and a crisis that should make us all donate.

With all the abandoned exercise equipment rusting in my watershed I’m thinking West Virginia wouldn’t mind a few of my invasives if it meant restoring masculinity to their gamefish.

All we need is a little compassion – and some donated gym gear.

Tags: estrogen, wastewater treatment, West Virginia, angling brotherhood, fishing, Goodwill, obesity, cross dressing

The Pebble Mine is a drop in the bucket to what’s coming

Chuitna Coal Mine With all the attention and outcry focused on the proposed Pebble Mine, what’s sliding under the radar is the Great Alaskan Coal Rush.

With the far East clamoring for coal to fuel the Chinese infrastructure build out, and with Alaska containing one half of the coal reserves of the United States, and the shortest distance to market, we can expect to see a lot of pristine plowed under.

The proposed Chuitna mine and numerous other in-the-works coal projects would launch what some are calling the “Alaska coal rush.” Such an explosion of coal production would bring to the so-called Great Land an extraction industry that has devastated vast portions of the Lower 48. The effects would be many and far-reaching: from clearing out wilderness and infringing on the outback lifestyles of many residents to an acceleration of the epic disintegration of ancient glaciers brought on by warming climates. At stake are not only Alaska’s land and waters but also its allure as the country’s last true frontier.

Much of the proposed activity will be centered around the Cook Inlet near Anchorage. With the Chuitna Mine actually plowing through the riverbed – and the promise that the river will be restored via a man made facsimile after all the goodie is extracted.

The scientists who completed the analyses concluded that PacRim’s plan to strip-mine for coal directly through 11 miles of salmon-bearing streams would significantly damage local wetlands and headwater streams in an area 45 miles west of Anchorage. Restoration of the fragile and valuable wetlands and streams that feed the salmon-rich Chuit River would be virtually impossible, they determined.

More of the now-famous “It’s only one river” ecological standard – which has got us to the teetering point of Pacific Salmon extinction. “Texas investors” and Sarah Palin, “Drill, Drill, Drill” and be damned to you.

In all, eight separate projects are in various stages of review.

Half the coal reserves of the US and 100% of the Salmon reserves – and a lot of folks standing around shrugging their shoulders wondering, “how could this have happened?”

Tags: Alaska Coal Rush, Sierra Club, Chuitna Mine, Sarah Palin, China stockpiling commodities, PacRim coal, pacific salmon extinction, drill drill drill, Cook Inlet, Pebble Mine

I might’ve called 60 minutes back but they were awful rude

I was idling at the curb picking up a buddy and couldn’t help overhear two youngsters squabbling on the sidewalk. One of them had professed the desire to tattoo his forearm – and the other was rejecting the idea as “totally lame.”

While not an official statement on the death of “sleeves” and the “tramp stamp”, it was a reminder that each generation perceives the prior as archaic and retarded.

Ever sensitive to the economy and the “bubble-bust” phenomenon, it means all those tattoo artists will be looking for work in the next decade.

A piece on fishing news caught my eye, how hatcheries are searching for better ways to tag fish – how the “fin clip” is overly time consuming allowing only 25,000 fish to be tagged per technician per day.

… which was quickly followed by another piece on “Benson” the famed UK carp that was discovered dead – and how the entire populace was either in mourning or demanding an autopsy.

I figured Benson and Michael Jackson might have the same physician; what with the King of Pop scheduled for a series of London concerts and the Baron of Boilies finning nearby..

…  60 Minutes didn’t see it that way and promptly hung up.

Add all the esoteric together and I’m thinking we can clothe the out of work tattoo artists in lab coats, seat them in a long line at the hatchery and mark all the fish needed in half the time.

… and Benson wasn’t a celebrity until he was huge and recognizable. Most fly fishermen would admit that one rainbow trout looks much like another – and a bit of individualistic flair on markings would allow us to recognize fish as individuals, which would please snot out of the folks at PETA…

… briefly, until they caught us laughing at the big dummy with the “Mom” tattoo – and how he ate anything thrown at him.

The new Hatchery fish

Scar tissue and torn mandibles are so last year. We could carry felt markers to count coup on the fish we caught – and make a big story out of the “untouched-never-been-caught-sumbitch” whose cherry we popped with our Zug Bug.

It’s all upside; people are back to work, hatcheries are humming efficiently, and we’ve got fishing celebrities whose stories we’ll tell in hushed voices around campfires…

Tags: Benson, Zug Bug, celebrity fish, unemployed tattoo artists, fashion statement, Rainbow Trout, Michael Jackson, 60 Minutes, PETA, tramp stamp

The Meek Shall Inherit once the Strong get eaten

The Good News is that Sacramento Pikeminnow can reach upwards of 31 pounds, the Bad News is that they don’t taste like Salmon.

Records released by the United States Fish and Wildlife Service reveal that the salmon counts taken at the Red Bluff Diversion Dam are down to one fourth their averages for this time of year. As of July 25th, 596 Chinook  salmon had crossed the dam, while the average for years past was 1,916.

However an alarming fact has also been revealed, the Sacramento Pike Minnow, the Chinook’s main predator, has crossed the dam in record numbers, 905 this year compared to an average of 713.

For us coarse fishers it appears the meek will inherit, once all the gleaming fancy fish have been pounded out of existence.  That’ll elevate what is left to gamefish status – and the guides will be plying the same holes for the wily “Golden Salmon.”

… and the Pikeminnow’s mortal foe, the Striped Bass is being litigated against by the southern California water districts; their assertion is the Striper is an invasive species and the root cause of Salmon decline.

They Shall Inherit, The Movie

Once the lawsuit does away with the Stripers and the balance of the Delta is diverted to SoCal compliments of the Governator, we’ll have some odiferous foamy little trickle that San Rafael and Walnut Creek can fight over as to who gets to drink it.

It is singular that despite all the vitriol and law enforcement, despite the millions being spent on habitat restoration, bag limits, gear restrictions, catch and release rhetoric, despite all those countless hardworking folks devoted to the Salmon (including us) – that the Pikeminnow with nothing to protect it are thriving and on the increase …

… and if they tasted like a Twinkie, they too would be extinct.

Tags: Sacramento Pikeminnow, Chinook Salmon, Striped Bass, Governator, coarse fishing, Twinkie, Red Bluff Diversion Dam, water politics, meek shall inherit

California water districts consider cage match between Quagga Mussel and Black Carp, winner to get citizenship

In an earlier post I’d made a joking reference to the next great gamefish being the common carp. Assuming plenty naturally; the continual destruction of the pristine water via human interaction, global warming, acid rain, and all other ills.

That theory may have more legs than first imagined.

Of greatest concern to states, water districts, and the populations they supply is the Quagga Mussel, whose prolific reproduction clogs pipes, pumps, and all that precious infrastructure that takes water from its source and out your tap.

These same entities are less concerned about environmental issues, fish populations, or what it does to your moored boat – they’ve got a full plate serving up an incompressible liquid to a burgeoning population.

With California in the grip of a 26 Billion dollar deficit (this year) and the potential for many more lean years ahead, everyone is frantically searching for something that will repel the little beasties and keep the water moving to the desert.

The state Department of Food and Agriculture has added quaggas to checklists at inspection stations. Since the first find in Lake Mead, 249,000 boats, canoes and kayaks have been stopped in California. Of those, 21,728 were drained and dried after evidence of mussels were detected. Nearly 400 have been quarantined.

Little wonder that the issue is growing with great ferocity, as nearly 10% of the recreational boats inspected are coming up “dirty.”

Of particular interest to us fishermen is the option of introducing a second invasive species to eat the first. Apparently the Black Carp is a voracious eater of the Quagga (as is the Red-Eared Sunfish), and a last ditch option may be to introduce Carp to the water supply.

I assume they’ll be sterilized triploids or something similar, but I’m not so sure:

Introducing carp to eat the sharp-shelled quaggas has not met with similar zeal. Still, Steve Robbins, general manager of the Coachella Valley Water District, sees value in allowing black carp to be used if the state’s power and water delivery system is overrun.

“I haven’t dropped the idea,” Robbins said. “We’re being successful right now. But if we weren’t successful” the district could seek a permit to use carp.

Nibling said some other species make meals of quaggas, such as the bottom-feeding redear sunfish.

“A number of fish eat quaggas,” he said. “The problem is they can’t eat enough.”

That’s great news for us fellows that aren’t timid about our admiration for Carp as a gamefish – but does bring some really interesting questions to the fore…

You’ve got a “Quagga Lawnmower” in the Black Carp, but you’ll probably need a sustainable (or growing) population of carp to diminish the growing population of mussels. Planting them as juveniles will cause all those monstrous White and Largemouth Bass to gorge themselves, which will piss off the water district manager (who really isn’t interested in the fisheries angle) – so in addition to suing the State of California for not delivering all the water they need to save Salmon, he’ll be suing the State again as those fat Southern California Largemouth are dining on regiments of his Quagga shock troops…

Theoretical Model of Black Carp Distribution

… and then the US Fish and Wildlife Service sues him for introducing an fertile invasive – with the potential for destroying most of the East Coast.

Water politics and “who ate whom” is liable to convert “fish bums” to the legal profession, as lawyers will spend more time on the water than the rest of us combined.

The good news (if any) is us apocalyptic brownliner’s will be plying our craft at every stop of the California Aqueduct, touting the merits of one Carp species over the other – until we’re recognized as a tangible threat, then we’ll join the long list of defendants summoned to the docket on a trumped up terrorism charge…

… as the Lockerbie Bomber only got eight years, we’ll be defiant as always.

The down side is that just as they clap the manacles on us – some fellow will boat the new World Record Largemouth Bass – weighing 63 pounds, and while incarcerated – and mindful of our posterior, we’ll miss out on the Great SoCal Largemouth Shootout. Southern California becoming the New West Yellowstone, drawing anglers and tournaments – lured by the prospect of lazy bloated fish barely able to tread water.

Cash prizes courtesy of the Water Districts, naturally …

Tags: Brownliner, Black Carp, Quagga Mussel, Lockerbie Bomber, West Yellowstone, California Aqueduct, largemouth bass, red eared sunfish, fish bums, Fish and Wildlife, bass tournament, Coachella Valley Water District, U.S. Bureau of Reclamation, lawyers, California water politics

High dollar tackle attracts the unwanted element

It’s an uncomfortable thought to be sure, having to repurchase your entire ensemble. It seems that every state has some premier fishery which has the unsavory crowd prowling the parking lots for unattended loot.

Fishing the urban interface is worse, with easy access to riverside parking areas whose cars are left unattended for great lengths of time, whose owners are waist deep in water – and powerless to prevent the snatch and grab…

As the value of the tackle increases and with the ready market provided by Craigslist and eBay, we can only look forward to more of the same – as contemporary tackle eclipses the value of CD players and tape decks.

I stopped using rod tubes for that reason – and if a friend brings one, I’ll remove the cap and hang the sock out of the top within view  to avoid the shattered window. Most precautions are obvious, don’t display extra tackle within easy reach – and make sure your tape deck is an eight track …

 

I wasn’t surprised when I read of the capture of the Missouri Tournament bandit – the debut of the “thousand dollar rod” foretold that someone would start pursuing anglers specifically. This fellow stalked the professional BASS circuit, rifling the boats moored after each days fishing.

When apprehended the police found nearly a thousand items in his garage, all pilfered from nearby lakes.

“They know people will be there with high dollar fishing equipment,” said Sgt. Callahan. “The general public doesn’t realize the dollar value…the rods and reels can be high dollar.”

The last time I calculated the costs of our entire ensemble; including leaders, flies, tippet spools, and assorted dangling vest accoutrements – even I was surprised at the totals – nearly $3300 per man (2007 prices). Figure resale on eBay would generate half of those costs – that’s a tidy sum.

Just keep alert. As the gear grows in value – so do the ranks of those that covet it.

Tags: tackle theft, BASS tournament, eight track tape, eBay resells stolen property, caveat emptor, empty rod tube, anti-theft, thousand dollar fly rod

Danville’s Monocord discontinued

RIP Danville 3/0 A couple hundred thousand fellows will be gnashing teeth yet again – compliments of the Danville Chenille Company and their decision to discontinue their venerable 3/0 Monocord.

There are plenty of finer threads so it’s no catastrophe, but it’s a constant reminder that both natural and synthetics are prone to vanish without notice.

When Belding-Cortiscelli abandoned NYMO thread fly tiers were left with little other than sewing thread. Danville’s Monocord became the heir apparent as it shared some of the characteristics of the NYMO brand, namely tying flat.

NYMO has returned in recent years as a beading thread, but the smallest size available is “A”.

With the emphasis on the 6/0, 8/0, and 12/0 threads available today, the older and larger Monocord was collateral damage. I’m sure the salt water crowd will be in tears, as larger hooks and rough conditions lends itself to larger threads.

For those eager to lay in a goodly supply, grab what’s on the shelves – they’ve already ceased production.

(via Flyfishingnotes.com)

Tags: Monocord thread, Danville Chenille Company, 3/0 thread, Belding-Cortiscelli Thread Company, Nymo thread, nylon thread, fly tying thread

Reykjavik Whale Watching, the Old Spice sailor does slasher flick

Most of our angling rituals could be construed as a preamble for a good “slasher” film – starting with the pre-dawn rending of eggs and pig-flesh, and ending with the post-sunset rending of whatever-is-still-open.

PETA regards us as bestial vestiges of a bygone era and likely went “halfsies” on the big screen variant with Greenpeace – and it appears the fishermen image will be taking quite the hit in the forthcoming 13 sequels..

Gone is all the good press gained via countless “Old Spice” commercials, and you may want to list “hobbies” next to religion and politics on the forbidden topic list for the light n’ airy cocktail scene…

The skipper looks crusty enough, the babes are comely – but my money’s on the white whale … if there is one.

Reykjavik, no country for young emo’s.

Tags: Reykjavik Whale Watching, slasher films, PETA, emo, white whale, Old Spice, prequel, grody old guys, Greenpeace, whaling