FOUNDERING: The Newport Beach Character Boat Parade...

FOUNDERING: The Newport Beach Character Boat Parade has fallen on hard times. . . . “It started out as a bunch of zany guys with real character boats,” says Bill Hamilton, skipper of the sponsoring Commodores Club. “But most of the great old boats have either sunk or were eaten by worms.” And although crowds are down, the club decided Friday to try to keep the parade afloat.