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January 20, 2012     Post-Gazette
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Page 4 POST-GAZETTE, JANUARY 20, 2012 BAIN WAS A SUCCESS Steel Dynamics says Rom- ney led Bain and funded its success. They said that the private equity firm had its startup in 1984. Since surg- ing as a destroyer of work- ing class jobs because he once headed the private eq- uity company when the company was getting off the ground in 1994. Today Steel Dynamics is the 5 th largest steel company employing 6,437 steel workers accord- ing to Keith Busse, who just retired. It was very success- ful in others like Staples' one-stop shopping for busi- ness supplies, they opened their store in Brighton, MA. Today, Staples promotes it- self as one of its early suc- cessful ventures. A second company was sold a few years later and went public in November 1996 @ 84.56/ share. The stock peaked @ $40.22/share. The stock peaked @ $40.29 in June 2008 for a gain of 797%. The $2.6M investment the com- pany was sold on France's downgrade; there was a flight to safety. There are not a lot of buyers. The US Treasuries have held up well. In the 30 months nearly 1 million people have dropped out of the la- bor force. They have quit working and aren't looking and stopped looking. Thurs- day, JP Morgan reported its earnings and Iran wants to block the Strait of Hormuz. Most of Congress and the Senate are against blocking the Strait and President Obama is against blocking the Strait and putting Israel in a war with Iran. Cord- trunics, and CVR, Visa, and SVC, are up 3% and triggered the 8% sell rule after break- ing out but these stocks are thinly traded. These stocks had at least 90 when they broke out. The investor in- come bounced off its Sunday line this week. If you adjust for the drop, the unemploy- ment rate would be close to 11% rather than the official 8.5%. The act of pulling people into an employment line if they are one out of the family to be unemployed. Payrolls are still under water and the latest job re- ports are bleak as many of these workers have given up looking, taken early retire- ment or relied on govern- ment help to keep them a float. The numbers are get- ting better every month. Let's not make up reasons to be disappointed. Unem- ployment is at a whapping 15.2% when all job seekers are counted. It includes all unemployed 22% of these surveyed when almost 27% of household include having at least one adult looking for a job. It's time to call your Financial Advisor or call me at 617-337-5712. Italia Unita Announces Beginner Italian Language Course BEGINNER ITALIAN: 90-minute course per week for I0 weeks. Course starts Tuesday, February 21, 2012 at 6:30 pm. COURSE OBJECTIVE: At the end of the coarse, you will be able to understand essential instructions and to exchange information in a simple way. In writing you will be able to fill in simple forms and take notes on basic data. COURSE DESCRIPTION: In this class you will develop basic language skills in speak- ing, listening, reading, and writing while learning rules of grammar and pronuncia- tion. Organized around theme-based units and authentic materials, the course will em- phasize communicative abilities and vo- cabulary building through real-life simula- tions and interactive activities. This class will also introduce you to aspects of Italian life and culture. Classes are offered for adults 18 years or older. Open to beginners. LOCATION: Italia Unita, 35 Bennington Street, East Boston, MA 02128 For more information please contact 617-561-3201 or visit www.italiaunita.org to download your application. INCOME TAX PREPARATION * Financial Services Professional Tax Consultant Personal & Business Year Round Service M.P. & Co. TAX & FINANCIAL SERVICES GRACE PREVITE MAGOON, EA 617-569-0175 146 Maverick Street, East Boston, MA 02128 ESTABLISHED IN 1938 e-mail: gmagoon@aol.com I DIAMONDS 1 ROLEX ESTATE JEWELRY Bought & Sold Jewelers Exch. Bldg. Jim (617) 263-7766 PRAYER TO THE BLESSED VIRGIN: (never known to fail) O most beautiful flower of Mount Carmel, fruitful vine, splen- dor of Heaven, Blessed Mother of the Son of God, Immaculate Virgin, assist me in my necessity. O Star of the Sea, help me and show me here You are my mother. O Holy Mary, Mother of God, Queen of Heaven and Earth, I humbly beseech You from the bottom of my heart to secure me in my necessity (make request). There are none who can withstand your power. O Mary, conceived without sin, pray for us who have recourse to Thee (3 times). Holy Mary, I place this cause in your hands (3 times). Say this prayer 3 consecutive days and then publish, and it will be granted to you. E.M.V. On Sale Now! THE NORTH END Where It All Began The Way It Was by Fred Langone ACCEPTING Advertisements SALE PRICE $19.95 Plus Shipping & Handling On Site at The Post-Gazette 5 Prince Street, North End, Boston, MA Remember Your Loved Ones The Post-Gazette accepts memorials throughout the year Please call 617-227-8929 Where is the Republican Party's Soul? It is easy to define the Democrat Party since 1968. After the defeat of Democrat Hubert Humphrey by Richard Nixon that year by a 43-42 percent margin, the Demo- crats moved further leftward than ever before almost making Humphrey look like a conservative. Between 1968-72, US Senator George McGovern and his allies took control of the Democrat Party's apparatus. In 1972, Richard Nixon beat McGov- ern winning 49 states. From this point on it seemed our broad-based political parties became marginalized. Lib- eral versus conservative. Watergate hurt Republicans badly in 1974 leading to the election of the perceived worst Democrat elected to the presidency in the 20 th century. Jimmy Carter got elected solely because Gerry Ford was too tied to Nixon and the sordid scandal. Reagan restored the Repub- licans' image in 1980 and attracted many conserva- tive Democrats like myself who saw the Democrats drifting too far to the left. This year's battle for the Republican presidential nomination is now pitting wings of the party often at odds with each. While Democrats seem united on being liberal, Republicans see differences in itself as to what constitutes "real conservatism." Is Ron Paul, a professed libertarian, actually a con- servative? Can fiscal con- servatives like Mitt Romney and social conservatives like Rick Santorum unify or are their differences too great? Back in the late '60s I remember my college days when I was active in the Young Americans for Free- dom on campus. However, even then I saw the differ- ent points of view with this principled ideology. I knew both former Boston Herald columnist Don Feder and current WBZ radio host Dan Rea back then. Feder was libertarian and Rea a tradi- tional conservative when it came to social and fiscal is- sues. I sided with Rea then. Republicans 40 years later are still fighting that inter- nal dispute. Recently, Peggy Noonan in her Wall Street Journal commentary on Jan- uary 7/8 stated, "The Iowa results almost perfectly re- flect the Republican Party, which, roughly speaking, is split into three parts-liber- tarians, social conservatives and moderate conservatives, who went for Ron Paul, Mr. Santorum and Mr. Romney respectively." This party brawl has been going on for decades with only Reagan able to unify these opposing factions. I mostly agree with Noonan. I personally don't believe libertarians are really conservative since they have more in common with liberals. This faction is mostly populist and a mixture of the old George Wallace and Gene McCarthy angry voter block protesting social issues like the Viet- nam War or forced busing. I am a social conservative closer to Reagan's point of view. I also liked Bobby Kennedy and Humphrey too. On fiscal issues, I am a mod- erate which means not as Republican or conservative. The Democrats on the na- tional level lost me years ago as the looney left took over the party. I, however, often see Republicans as unable to see regular folks and the struggles working families tackle every day. I have never voted for Romney for any office since I heard him back in 1994 running against Teddy Kennedy say- ing, he was no "Reagan- Bush." Back then, he dis- tanced himself and called himself a moderate. He tried to out-Kennedy in his cam- paign rhetoric and came up thankfully short. In 2002, I passed up voting for him as governor and he became a terrible governor in my eyes. (Continued on Page 12) POST-GAZETTE EAST BOSTON SATELLITE OFFICE =s NOW OPEN MARIE MATARESE 35 Bennington Street, East Boston 617.227.8929 TUES. 10:00 A.M. - 3.00 P.M. THURS. 11:00 A.M.- 2:00 P.M. General Advertisements * Sales and Rentals Memorials * Legals ADVERTISING WILL MAKE A DIFFERENCE I WWW. B O STO N POSTG AZ ETT E.CO M