শুক্রবার, ১২ জুলাই, ২০১৩

Shooting the Golden Goose? Californians Flee Taxes - Finance ...

SAN FRANCISCO -- California was once the dream destination of millions of people. But now many are fleeing the Golden State, and much of it has to do with high taxes and a generally anti-business attitude.

Economic analyst Jonathan Williams of the American Legislative Exchange Council (ALEC) points out what California lost in just the year 2011.

"Nearly 250 companies of all sizes left California for one of the other 49 states," he said.

MyTime.com?CEO Ethan Anderson started at Google before striking out to create two new companies on his own.

"I am hearing almost every single day somebody saying 'I'm leaving California' because they're trying to avoid the high taxes," the San Francisco-based entrepreneur said.

Ex Post Facto Tax Laws?

Now California is even taxing backwards in time, deciding to demand more money from entrepreneurs, investors, and businesses for past years. It claims a tax break used by them is no longer valid, and it wants them to pay up, even for the last five years.

Anderson said California is telling people like him, "Now you guys owe us taxes going back five years ago, and we want interest on those taxes as well."

"It's a very scary environment to operate in when the rules of the game can change, not just going forward, but going back in time," Anderson said.

"California's a fantastic place to live. Don't get me wrong. It's just not a great place to do business," AdverseEvents founder Brian Overstreet told CBN News.

Overstreet, who started up two businesses in California, has suddenly found himself owing an extra $250,000 because of this sudden move by the state to impose back taxes for the past five years.

"It's the perfect time to start new businesses," Overstreet said of the present economic climate. "But when the state of California is telling you, 'We're going to change the rules on you after the fact by up to five years,' that puts a lot of strain and that puts a lot of questions into people's minds as to whether they really want to go through that or not."

Anderson shared Overstreet's sentiment.
?
"Looking forward when I want to start another business here...maybe not," Anderson said. "Maybe it's a little too risky because what if they make the business I'm doing illegal? Or what if they decide they want to do another 50 percent tax increase on my business?"

Texas Beckons
?
It's not just a matter of taxes, but of over-regulation and over-litigation. Texas Gov. Rick Perry has been launching verbal strikes into California to encourage unhappy companies to leave.
?
"When you have small businesses that it takes months if not over a year to get a simple permit to be able to build or do some work -- I mean the unions and the strangulation by regulation in California, it's just incredibly onerous," Perry told CBN News. "So they're doing a lot of things wrong."

Perry pointed to policies in Texas do just the opposite: free businesses up.
?
"Give people more freedom from over-taxation, over-regulation, over-litigation -- and it works," Perry concluded.

Overstreet said Texas and the especially hi-tech hub of Austin have such a wonderful reputation that they're tempting his business buddies to move there.

"I can tell you a number of them have told me specifically they are very seriously starting to look at that for their companies," Overstreet stated.

Eric Loeffel and his company Compass Learning have already made the move from California to Austin.

"It was hard for us to do business there, harder to do business there than it is to do business here in Texas," the Compass Learning CEO said of California.

The move was expensive, but the tax savings enormous.

"In the first year that we moved, we figured the savings was about a million dollars," Loeffel said.

One of the main benefits: no income tax in Texas, meaning a big hike in the paychecks of all the workers who moved.

"Everyone got an automatic increase in pay," Loeffel said with a big grin. "Automatic!"

Williams said the employers he knows talk about this all the time.

He paraphrased what they tell him: "Our employees are clamoring to leave high-tax locations that we have in California and go to lower cost-of-living states and lower tax states."

High-Tax States See Exodus

Now this urge to exit high-tax states has become a major national trend. Workers and businesses are fleeing in droves from the Top 10 high-tax blue states, like California, to the top 10 low-tax red states, like Texas.

"One American per minute has left one of the high tax states over the last decade," Williams stated.

That adds up to an exodus of about 4,500,000 Americans from the highest tax states to the lowest.

"People vote with their feet, and they're voting very strongly towards the low-tax states," the ALEC economist said.

"Talent and money are the most transferable things in this economy right now," Overstreet insisted. "And it doesn't much matter whether you work in Austin or California - if you can do better for yourself, you can provide your employees a better lifestyle, you have to be considering it."

If this trend continues, America could end up with a group of economically failing, possibly bankrupt states who chased their wealth away.

"You're going to lose your business leaders. And you're going to be left with a population that is more dependent on the welfare state," Overstreet pointed out.

Anderson agreed.

"California's going to end up getting less taxes than they would have gotten if they'd just left things alone because all these people who are generally wealthy are leaving," Anderson said.

Shooting the Golden Goose

Williams said lawmakers in well-to-do states are telling him they're frightened they'll be forced to someday bail out a bunch of deadbeat states.

"They say 'California's the new Greece. Why are we going to give our hard-earned tax dollars to bail out basket-cases like California and Illinois?'"

Anderson is worried his home state won't turn itself away from this economic downward spiral.

"California had so many gifts," he lamented. "How could this state actually be bleeding people? It seems like they're trying to shoot the goose who lays the golden egg."

Source: http://www.cbn.com/cbnnews/finance/2013/July/Shooting-the-Golden-Goose-Californians-Flee-Taxes/

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Dalmia Cement draws on debt

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Source: http://www.projectfinancemagazine.com/Article/3230048/Dalmia-Cement-draws-on-debt.html

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মঙ্গলবার, ২ জুলাই, ২০১৩

WHO wants HIV patients treated sooner to save lives, halt spread

By Kate Kelland

LONDON (Reuters) - Doctors could save three million more lives worldwide by 2025 if they offer AIDS drugs to people with HIV much sooner after they test positive for the virus, the World Health Organisation said on Sunday.

While better access to cheap generic AIDS drugs means many more people are now getting treatment, health workers, particularly in poor countries with limited health budgets, currently tend to wait until the infection has progressed.

But in new guidelines aimed at controlling and eventually reducing the global AIDS epidemic, the U.N. health agency said some 26 million HIV-positive people - or around 80 percent of all those with the virus - should be getting drug treatment.

The guidelines, which set a global standard for when people with human immunodeficiency virus (HIV) should start antiretroviral treatment, were drawn up after numerous studies found that treating HIV patients earlier can keep them healthy for many years and also lowers the amount of virus in the blood, significantly cutting their risk of infecting someone else.

"We are raising the bar to 26 million people," said Gottfried Hirnschall, the WHO's HIV/AIDS department director.

"And this is not only about keeping people healthy and alive but also about blocking further transmission of HIV."

Some 34 million people worldwide have the HIV virus that causes AIDS and the vast majority of them live in poor and developing countries. Sub-Saharan Africa is by far the worst affected region.

But the epidemic - which has killed 25 million people in the 30 years since HIV was first discovered - is showing some signs of being turned around. The United Nations AIDS programme UNAIDS says deaths from the disease fell to 1.7 million in 2011, down from a peak of 2.3 million in 2005 and from 1.8 million in 2010.

Swift progress has also been made in getting more HIV patients into treatment, with 9.7 million people getting life-saving AIDS drugs in 2012, up from just 300,000 people a decade earlier, according to latest WHO data also published on Sunday.

Indian generics companies are leading suppliers of HIV drugs to Africa and to many other poor countries. Major Western HIV drugmakers include Gilead Sciences, Johnson & Johnson and ViiV Healthcare, which is majority-owned by GlaxoSmithKline.

"IRREVERSIBLE DECLINE"?

Margaret Chan, the WHO's director general, said the dramatic improvement in access to HIV treatment raised the prospect of the world one day being able to beat the disease.

"With nearly 10 million people now on antiretroviral therapy, we see that such prospects - unthinkable just a few years ago - can now fuel the momentum needed to push the HIV epidemic into irreversible decline," she said in a statement.

The WHO's guidelines encourage health authorities worldwide to start treatment in adults with HIV as soon as a key test known as a CD4 cell count falls to a measure of 500 cells per cubic millimetre or less.

The previous WHO standard was to offer treatment at a CD4 count of 350 or less, in other words when the virus has already started to damage the patient's immune system.

The guidelines also say all pregnant or breastfeeding women and all children under five with HIV should start treatment immediately, whatever their CD4 count, and that all HIV patients should be regularly monitored to assess their "viral load".

This allows health workers to check whether the medicines are reducing the amount of virus in the blood. It also encourages patients to keep taking their medicine because they can see it having positive results.

"There's no greater motivating factor for people to stick to their HIV treatment than knowing the virus is ?undetectable' in their blood," said Gilles van Cutsem, the medical coordinator in South Africa for the international medical humanitarian organisation M?decins Sans Fronti?res (MSF).

MSF welcomed the new guidelines but cautioned that the money and the political will to implement them was also needed.

"Now is not the time to be daunted but to push forward," MSF president Unni Karunakara said in a statement. "So it's critical to mobilise international support... including funding for HIV treatment programmes from donor governments."

The WHO's Hirnschall said getting AIDS drugs to the extra patients brought in by the new guidelines would require another 10 percent on top of the $22-$24 billion a year currently needed to fund the global fight against HIV and AIDS.

Source: http://news.yahoo.com/wants-hiv-patients-treated-sooner-save-lives-halt-084221906.html

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রবিবার, ৩০ জুন, ২০১৩

Danica Patrick 'not a race car driver,' according to Kyle Petty

Danica Patrick: Kyle Petty, the son of NASCAR legend Richard Petty, says he doesn't think Danica Patrick is a qualified NASCAR driver.

By Gary Graves,?Associated Press / June 28, 2013

NASCAR Sprint Cup Series driver Danica Patrick talks to the media outside her hauler, May 31, 2013, at Dover International Speedway in Dover, Del.

Nick Wass/AP

Enlarge

Kyle Petty continues to doubt Danica?Patrick's future as a NASCAR driver.

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During a Thursday night appearance on SPEED's "Race Hub" program, the former driver and current TV analyst said Patrick is more of a marketing machine than a race car driver and doubts the 30-year-old will ever be one "because I think it's too late."

Patrick is a Sprint Cup Series rookie with Stewart Haas Racing following an open wheel career in the IZOD IndyCar Series highlighted by an historic 2008 victory at Motegi, Japan. She won the pole and finished eighth in the season-opening Daytona 500 but her average starting and finishing positions are 32nd and 25.8 respectively.

Former boss Dale Earnhardt Jr. disagreed with Petty's assessment, saying Friday that Patrick "is outrunning several guys on the circuit."

That likely won't stop Petty, 53, son of seven-time Cup champion Richard "The King" Petty and an eight-time race winner, from criticizing Patrick. An analyst for TNT and Fox/SPEED, he understands the widespread interest in Patrick, who has been featured in racy TV ads for sponsor Go Daddy and was IndyCar's most popular driver for several years.

Patrick's driving skills, in Petty's opinion, don't justify the hype.

"That's where I have a problem," he said. "Where fans have bought into the hype of the marketing, to think she's a race car driver. She can go fast, and I've seen her go fast. She drives the wheels off it when she goes fast."

Asked if she has learned to race, Petty continued, "she's not a race car driver. There's a difference. The King always had that stupid saying, but it's true, 'Lots of drivers can drive fast, but very few drivers can race.' Danica has been the perfect example of somebody who can qualify better than what she runs. She can go fast, but she can't race."

As someone who gave Patrick a chance to transition to stock cars over three years in the Nationwide Series at JR Motorsports, Earnhardt calls Patrick a tough competitor who works hard and said she wouldn't have a ride if she couldn't stay with the pack or finished last every week.

"If she was not able to compete," Earnhardt said at Kentucky Speedway, "I think you might be able to say Kyle has an argument. But she's out there running competitively and running strong on several accounts. I think that she has got a good opportunity and a rightful position in the sport to keep competing and she just might surprise even Kyle Petty."

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/LfUlyJCnbsk/Danica-Patrick-not-a-race-car-driver-according-to-Kyle-Petty

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Canada Fishing Trip Part one - June 2013


Hey all, I haven't been online much lately due to way too much traveling. Some of it fishing and some of it work related. I spent 10 days fishing in Canada with fellow moderator Russ (Look Out Below) and will pull together a full report shortly. There is so much we targeted that it will take a bit to compile all the pics and footage. We caught some really great fish and made some insane meals back at camp.

Fishing Report Part One:

I began this trip with a little bit of a humorous personal challenge by fishing the first three days with nothin but a Barbie Rod before switching over to Fly gear. Passing through the Outfiitters Airbase I got quit the comments carrying my Pink Barbie rod past all their expensive gear. I put together a quick video of the just the Barbie fishing and will add to this report with the rest of the fishing over the next few days.

Canada Fishing Barbie Style:

https://www.youtube.com/watch?featur...&v=nX3MRuhxVYU

If you are view on a mobile phone, use this link without music and lower resolution:

http://youtu.be/cNZHVsxi3ew

Source: http://forums.floridasportsman.com/showthread.php?118348-Canada-Fishing-Trip-Part-one-June-2013&goto=newpost

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শুক্রবার, ২৮ জুন, ২০১৩

This Gorgeous Warbird Is More Phoenix Than Mustang

This Gorgeous Warbird Is More Phoenix Than MustangThe P-51 Mustang is one of the most iconic aircraft in aviation history. These long-range, single-seater fighter-bombers served throughout the Seconds World War as well as during in Korea before being relegated to scrap yards. But many have survived, some in the most unlikely of places. You'll never guess what quiet suburb the Lil' Margaret was found in.

P-51D (F-6D) Lil? Margaret

?Mustang Mike? Coutches of American Aircraft Sales in Hayward, California, was on the hunt for P-51H parts in the late 1950s and early 1960s. Coutches was selling licensed, ready-to-fly P-51Ds for $3,995 at the time, but his interest was in the P-51H. The 194th Fighter Squadron of the California Air National Guard operated P-51Ds and -51Hs from the Hayward Airport, and it was a sad day when the unit moved to Fresno, California, and transitioned to the F-86A. About a hundred miles northeast of Hayward, the U.S. Air Force depot at Mc-Clellan Air Force Base, near Sacramento, California, had seen hundreds of Mustangs pass through its overhaul lines and dozens were sold surplus from here as well. In addition, thousands of pounds of Mustang parts were auctioned off as they were no longer needed in an all-jet air force.

In the late 1940s, someone had purchased a Mustang at a surplus sale (possibly at McClellan), and then attempted to sell it to Israel or one of the Latin American countries looking for aircraft in the late 1940s or early 1950s. The plane was reportedly disassembled, crated, sitting on the dock, about to be loaded on a ship, when U.S. Customs stepped in and seized the Mustang. The aircraft did not leave the country and was later sold at auction and then purchased by a scrap dealer.

Coutches was going into one particular Sacramento-area salvage yard that was rich in H model Mustang parts?parts that only Mustang Mike needed and wanted. Every time he would go in, the scrap dealer would bug him to buy a disassembled D model Mustang sitting in a corner of the yard, but they could never reach an agreement as Mustang Mike didn?t want a disassembled P-51D when he could buy flying aircraft for not much more of a premium.

This Gorgeous Warbird Is More Phoenix Than Mustang

Coutches returned once again, and the scrapman finally told him if he wanted any more H model parts, he was going to have to buy the disassembled P-51D Mustang. The aircraft was ready for transport, so Mustang Mike hauled it home and put it in his backyard. The story has it that the Coutches?s kids played on it for years.

In 1961, William ?Bill? Myers of St. Charles, Missouri, bought the disassembled P-51D from Coutches. Hauled east, the fighter plane project took over Myers?s house, basement, and garage. And slowly word got around the neighborhood that there was a plane in a garage. The rumor gained legs as people would see it when the door was up, and by the mid-1970s as the warbird movement picked up steam, the rumor had grown and was beginning to spread to pilots in neighboring states.

This Gorgeous Warbird Is More Phoenix Than Mustang

Mustang owner and restorer John Dilley from the Fort Wayne Air Service, Fort Wayne, Indiana, and Butch Schroeder of Danville, Illinois?who at the time owned former El Salvadorean Air Force Cavalier conversion P-51D FAS 409, ex 45-11559, North American Maid?had heard the rumor, too. ?I kind of beat Dilley to it,? said Schroeder. ?I had the opportunity to go to St. Louis on business and I was always looking in the phone book trying to find who I thought was the owner at the time, but I always ended up empty handed.

?A short time later, a friend of mine who owned a Hawker Sea Fury asked me to take North American Maid to an airshow in St. Charles, Missouri. I asked if the airshow was going to pay for fuel and said I wasn't interested in going without it. After turning him down, we got to talking about this mystery Mustang, which was thought to be in the same area. My friend said the hosts of the airshow knew where the Mustang was, and I?m thinking ?Yeah, right.? I told my friend that if the show hosts would take me to see the plane, then I?d fly down.

This Gorgeous Warbird Is More Phoenix Than Mustang

?I went to the airshow and one evening they took me to see the Mustang, and on the way over they said they were not interested in buying it. So I tried and made a deal to buy the plane.? Butch Schroeder had found the elusive P-51D Mustang in a garage, and bought it!

Restoring an F-6D Mustang

Upon closer inspection, Schroeder determined that the Mustang was a rare photo reconnaissance version of the P-51D known as an F-6D, and later an RF-51D, serial number 44-84786. ?When we researched the history of the airplane, we knew exactly what we were looking at. It still had the original data plate showing it was designated an F-6D. It was kind of ironic; most of your airplanes have a metal data tag with the information stamped in it. This was all done on phenolic and it was handwritten using something like a paintbrush,? Schroeder said.

The F-6D was built at North American Aviation?s Dallas, Texas, factory and delivered on June 8, 1945, after the war in Europe had ended, but still three months before the Japanese surrendered. The photoreconn fighter was assigned to U.S. Army Air Force bases at Andrews, Washington, D.C.; Stuttgart, Arkansas; Brooks Field, Texas; Topeka, Kansas; Hobbs Field, New Mexico; Spokane, Washington; Kelly Field, Texas; Pope Field, North Carolina; and finally to McClellan Air Force Base, part of the Air Material Command, for storage in June 1949. The F-6D was stricken from the air force?s inventory on November 25, 1949.

As the now proud-owner of a Mustang project, Schroeder had to get the fighter from the St. Louis area home to Danville, Illinois, a distance of 215 miles. First he had to call his friends with pickup trucks, then find enough additional friends to help load the project. ?Bill Myers?s wife was real glad to see the Mustang go because, in essence, I had to clean their garage to get the plane out,? Schroeder said. ?I think it took us six pickup trucks and five trailers and we went down early one morning, loaded up, and we and had it back home that afternoon.? Myers had about 95 percent of the airplane, and what he didn't have Schroder would use his extensive contacts in the warbird community to locate.

This Gorgeous Warbird Is More Phoenix Than Mustang

Once home, the P-51D was stored in Schroeder?s hangar while he worked with Mike VadeBonCoeur to return his AT-6 to full, stock military configuration. ?I had become friends with Mike when he was still in high school,? Schroeder said. ?He came and started just helping me and I would pay him flying time in exchange so he could work on getting his pilot?s license. So in essence, to start out with, he worked for me, and then years later, he went off on his own and started Midwest Aero.? VadeBonCoeur had worked with Schroeder on his warbirds before leaving to attend Spartan School of Aeronautics in Tulsa, Oklahoma. When he returned, VadeBonCoeur and Schroeder finished the restoration of U.S. Air Force T-6G serial number 49-3144 in 1990. The aircraft was awarded the Experimental Aircraft Association?s Warbird Reserve Grand Champion Award, and VadeBonCoeur was recognized with the Golden Wrench Award for his work. Today, VadeBonCoeur?s Midwest Aero has been recognized for its highly detailed, award-winning P-51D Mustang restorations, such as Cripes A? Mighty, Daddy?s Girl, Happy Jack?s Go Buggy, Live Bait, and Red Dog.

?I was doing most of that early work on the T-6 and the Mustang part time, as I had a really nice job at the University of Illinois,? said VadeBonCoeur. ?I left the University of Illinois to come work for Butch full time on the T-6. I kind of always had it in the back of my mind that if I was going to leave a good, solid university position that my hope and goal was to be able to eventually start my own business.?

Once the T-6G was out of the hangar, Schroeder and VadeBonCoeur began the restoration of the photoreconnaissance Mustang full time. The project would take three more years of hard work. ?This airplane had never been a surveying airplane or a warbird. When we got it, it still had the markings on the wings and was pretty much the way it had come out of the factory. So early on, it was decided that the goal was to make it look just like the day that it rolled out of the factory and keep it stock?single seat, guns, cameras, the whole deal,? Schroeder said. ?For some reason, guns had never been put in that airplane even though a lot of the equipment was in there. We had to go out and I made about three different trips to California scrounging around. Back then, the rare, original fittings were pretty easy to find because nobody wanted them. Now, everybody wants those detail parts, so they?re much harder to find. There?s an armor plate that sits right behind the propeller to protect the fuel tank that?s back there. I found it in California at a Mustang shop and they were using it just to prop the door open. The armor plating that goes behind the seat . . . somebody was using it as a barbecue grill.

This Gorgeous Warbird Is More Phoenix Than Mustang

?I had a list of everything that I was looking for, and I left copies with people, and again, at the time, this was stuff that nobody wanted. I can?t remember if it was Strega or Stiletto, but one of the racing Mustangs had been an F-6D and some original, cool stuff came out of one of them. Later I was out in Fort Collins, Colorado, and I went and talked to Darrel Skurich [known for rebuilding the XP-51 on display at the Experimental Aircraft Association Museum]. He had the camera mount I needed for my aircraft. Dennis Schoenfelder had the camera ports, but they needed some repair work, which was done by John Neel of Low Pass Inc. in Griffin, Georgia. I also had the good fortune to become friends with Brian O?Farrell. He?s the guy that bought all the Dominican Mustangs and their spares, and he had a warehouse full of brand-new parts. I had the chance to pick through O?Farrell?s inventory of new parts for my airplane.?

Mike VadeBonCoeur said, ?We did everything except the engine, propeller, the radiator, and instruments. I probably built most of the systems. I did all of the hydraulic systems, all the electrical wiring, most of all of the installation of the interior components, and basically all of the assembly work. Butch had already restored certain components and had those sitting aside and ready to go in.?

Try as he might, Schroeder could never locate any factory blueprints for the F-6D conversion. None of the P-51D Mustang microfilm showed any of the photoreconnaissance modifications, and many parts had to be made from photos, or from original parts that were duplicated. Schroeder?s Cavalier Mustang was used as a template for the interior installations, but when it came to the F-6 modifications, the restoration crew was on its own. ?There are no diagrams for cable links, for instance, for the trim cables or the elevator cables, and are all modified in the rear fuselage to avoid the cameras. It?s different than a standard P-51D in the oxygen bay area as well, so we kind of had to experiment trying to come up with proper cable links,? said VadeBonCoeur. ?I remember that being a challenge for me at the time, but we ended up making it all happen. I think we had samples of elevator cables, but we didn't have samples of any of the trim cables. Those had disappeared from the fuselage years ago, so I didn't really have anything to go off of. We kind of had to back-blueprint it and sort it all out. We just followed the original routing, which in an F-6D the elevator and trim cables are all routed differently than they are in a stock D.

There?s just not data available that we've been able to come up with that I've ever seen. The manuals show illustrations of how the cables were routed, but no specifics for cable links and things like that.?

This Gorgeous Warbird Is More Phoenix Than Mustang

Mating the wing to the fuselage was a first for VadeBonCoeur. ?We had called a crane out to do the heavy lifting, and we looked at the weather radar before we got started. Of course, back in 1990, the weather radar wasn't as good and no one had a smartphone to give one last peek to see how conditions had changed. We decided to go ahead and do it, and as soon as we got the airplane up, got the wing put in position, and were ready to lift the fuselage up, a thunderstorm hit,? VadeBonCoeur said. ?We ended up putting that thing together in a pouring rainstorm, and of course, once we were done and the crane was ready to leave, it was beautiful. Fuselage to wing was in the middle of a rainstorm, the engine we did the same day and it went just fine.?

Inside the F-6D, the oxygen bottle arrangement is different from the standard P-51D. The -51D has two long and two short bottles in the aft fuselage while the F-6D uses large, bomber-size oxygen bottles. In addition, the ribs on the left side of the fuselage were changed to accommodate the camera installations. To access the cameras, an access panel was fitted to the starboard side of the fuselage, forward of the fuselage/tail production break.

?In comparison to what we do today, there?s really no comparison. A lot of it is just learning over the years. I think that we knew that the interior color that it is today wasn't what it was, but Butch had already started that and it wasn't in his best interest, or desire at that point, to go backwards and change it all,? said VadeBonCoeur. ?We left it with interior Imron green that he had picked.?

Putting Her Back in the Air

When the restoration was nearly complete, Schroeder settled on a suitable paint scheme for the F-6D. He chose to replicate the markings of Lil? Margaret flown by Capt. Clyde B. East, who, at age nineteen, joined the Royal Canadian Air Force and entered the European war flying P-51As against targets along the enemy coast. He transferred to the U.S. Army Air Forces and was assigned to the Ninth Air Force?s 15th Tactical Reconnaissance Squadron flying Supermarine Spitfires. The squadron transitioned into the P-51B, and then into the F-6D.

East participated in the June 6, 1944, D-Day invasion, downing an Fw-190; the December 1944 Battle of the Bulge (one Bf-109); and in March and April 1945 downed another eleven enemy aircraft. By war?s end, East had thirteen confirmed aerial victories. After the war, he remained in the service, and later flew reconnaissance Mustangs and RF-80s during the Korean War. East retired from the U.S. Air Force as a lieutenant colonel in February 1965.

Lil? Margaret?s first post restoration flight was done by John Dilley on June 18, 1993. ?I was the second person to fly the airplane,? Schroeder said. ?I guess it had this kind of an eerie feeling like somebody?s looking over your shoulder, which comes from the armor plating sitting right behind you, and trying to get used to looking through the gun sight. Originally the gun sight had kind of a gold colored lens in it and you had to look around it as you couldn?t look through it. We ended up changing that and putting in regular glass and that took care of the vision problem.

This Gorgeous Warbird Is More Phoenix Than Mustang

?I had quite a bit of time in the Mustang, having owned North American Maid before flying Lil? Margaret. When flying the plane,the first thing I noticed was that Lil? Margaret was heavier than the Cavalier P-51D because we had installed guns and ammunition,armor plating, and all that detail equipment. It probably adds up to a couple of hundred pounds.?

Schroeder has united East with the aircraft resplendent in his colors many times, and East and Lil? Margaret have always drawn a big crowd when the two have been featured at the EAA?s Warbirds In Review at the annual airshow in Oshkosh. At EAA AirVenture 1993,Butch Schroeder?s Lil? Margaret was recognized with the EAA Warbirds Grand Champion Award, and Mike VadeBonCoeur was given the Golden Wrench in recognition of his restoration work on the F-6D.

Reflecting on the restoration, VadeBonCoeur said, ?I think the thing that most people probably appreciated about Lil? Margaret was all the original details that went into this restoration,? said VadeBonCoeur. ?I say original details meaning things like guns and the camera that was installed, and we put decals on. We made vinyl decals instead of what we do today, which uses water transfer materials like they did during the war, so in terms of authenticity it really is not anywhere close . . . I?d like to get another shot at it.

?At the time, Lil? Margaret was certainly heralded as a really authentic airplane; however, today it is not anywhere close to the standards we do, or even other people do in a Mustang restoration. For instance, we made one North American Aviation inspection stamp during the F-6D rebuild. Today I've got a box full of them so every time I find a new one, we try to replicate it and use it in the rebuild.That?s one difference between what we do today and what we did back then, but at the time that level of detail had not been seen yet. When people did see Lil? Margaret, they thought that attention to detail was really a nice touch. On top of that, it was an F-6D, and nobody had seen one with the camera, fuselage gas tank, the armor plating, all the wing guns installed, bomb racks that worked, and basically a stock instrument panel. Most Mustangs at the time were restored with gray interiors and modern avionics everywhere, leather interiors, and that was the standard. I think Lil? Margaret was one of the first airplanes,if not the first, with so much original equipment. I think what we?vedone was really nice, but it was just something different?something people hadn?t seen before.?

In December 2012, Schroder is doing Lil? Margaret?s annualinspection and the airplane has 158 hours on it. With pride, Schroeder said, ?I?ve probably flown half of that.?

For Butch Schroeder the tale of a Mustang in a garage is true and he?s got flying proof!

This Gorgeous Warbird Is More Phoenix Than MustangExcerpted from Hidden Warbirds: The Epic Stories of Finding, Recovering, and Rebuilding WWII's Lost Aircraft by Nicholas A. Veronico with permission from the Zenith Press. Hidden Warbirds is available from Amazon.

Source: http://gizmodo.com/this-gorgeous-warbird-is-more-phoenix-than-mustang-572235249

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