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January 21, 2011     Post-Gazette
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Page4 POST-GAZETTE, JANUARY 21,2011 by Sal Giarratani STOCKS CLOSE AT WEEK'S The market moved steadily higher with the NASDAQ and NYSE all up .7%, and volume rose across the board. A few more lead- ers broke out. Gold prices fell sharply on China's tight- ening. JP Morgan rose 51% as fourth quarter earnings rose 51%, beating views. Adjusted revenue Citigroup, Goldman Sacs and Bank of America are due out this week. Retail sales in December were up! JP Morgan shares edged up to 1%, the highest since $43 billion according to Janice Dinnon, CEO on a post earnings phone call. The bank, according to its CEO, they are settling most of their problems with Fannie Mae and Freddie Mac. Analysts are express- ing both optimism and pes- simism about 2011. Many analysts expect high tech companies to report a weak PC market, including mo- bile computing that benefits a wide swatch of technology providers. Revenue rose 8% over last year in the fourth quarter compared with the year's earlier quarter and following four straight quar- ters of dismal comparisons. Analysts expect first quarter sales to be up 12% above pro- jections. At the end of the day they have a better out- look for growth and expect stronger growth in the sec- ond half of the year. Thomp- son Reuters expects a 14% growth rate. IBM and Apple should give a goocl view on business and consumer IT buyers. The trend toward cloud computing should be at full force this year and ex- pects strong demand for Smart Phones and we are dealing with a fragile eco- nomic growth in the tech world in 2011. The satellite industry is also playing a piv- otal role in the shift to digi- tal TV like in upgrades to provide " expanded and groundbreaking services. Spending rose 11% in 2010. The economy is showing signs of acceleration and spending is beginning to improve, and showing signs of acceleration. Firms like Verizon, AT&T and Spring Nextel are launching G4 networks for faster and bet- ter services. Smart Phones account for about 15% of the global business and will grow to more than 30% in the next year. Acme Packet is building a signal between privately managed internet services that include voice and video conferences. Cus- tomers include cable and wireless network providers. Customers include Comcast and Time Warner Cable. AT&T and Verizon include providing services to rural areas. They also sell TV, ra- dio, aviation electronics and other gear used by govern- ments. Since the introduc- HIGHS tion of the Apple, consumer products have a huge appe- tite for phone services avail- able anytime and anywhere. Capital spending cutbacks over the past two years hin- dered the industries growth. Commercial service provid- ers are improving and will grow to 50% in the next sev- eral years. Echo Star and Local provide service and equipment for the satellite markets. Harn's sells TV, radio and aviation technol- ogy used by governments. Businesses have similar needs. With the economic recovery in motion, it should benefit the telecom gear spending overall. To stay in the game players must lean heavily on research and de- velopment. The consumer opened their purse strings wide in 2010 and a strong demand for electronics has the industry tweaking its projections. The growth has opened the market to faster growth. The overall semi- conductor industry is grow- ing faster by branching into new specialties and adding market share. Sales climbed 15% in the fourth quarter. The companies will an- nounce their earnings for the December quarter this week according to Thomp- son Reuters on January 26 th. It's time to call your financial advisor or call me 617-261-7777. Bridgeview Apartments to Bring New Affordable Housing to Charlestown The Boston Redevelop- ment Authority board ap- proved a $18 million, mixed use housing and commun- ity center in Charlestown. Bridgeview Apartment De- velopment will consist of af- fordable housing units and commercial space that will be run by the Life Focus Cen- ter of Charlestown (LFC). The housing component will con- sist of approximately 60 units of rental housing (con- sisting of a mix of one-, two- and three-bedroom units) all of which will be restricted to households earning at or below 60% of Area Median Income. Approximately 20% of the residential units will be targeted to homeless or formerly homeless individu- als and households and other "special populations," includ- ing disabled individuals with disabled members. LFC will provide supportive services for these individuals and households. LFC will occupy 11,980 square feet on first and sec- ond floors. They will provide people with disabilities and their family members with the tools and support to live productive, fulfilling lives in an integrated community environment. The new com- mercial space will be fully INCOM i, TAX PREPARATION I GR0000C( I 146 Maw ri ESTABLISHED IN 1938 Financial Services Professional Tax Consultant Personal & Business Year Round Service M.P. & Co. Tax & FINANCIAL SERVlCrS GRACE PREVITE MAGOON, EA 617-569-0175 146 Maverick Street, East Boston, MA 02128 e-mail: gmagoon@aol.com outfitted with state-of-the- art amenities allowing LFC to upgrade and expand the services it offers to residents of the surrounding commu- nity (including residents of the housing component of the Proposed Project). The Pro- posed Project will also include amenities such as a tot lot, community room, bike stor- age areas, green/open space and gathering areas for resi- dents and LFC visitors. Rapino Memorial Home 9 Chelsea St., East Boston 617-567-1380 Kirby-Rapino Memorial Home 917 Bennington St. East Boston 617-569-0305 Dino C. Manca Funeral Director A Family Service Affiliate of AFFS/Servce Co. tnt'l 206 Winter St. * Fall River, MA 02720 508-676-2454 JARAD LEE LOUGHNER What happened outside that supermarket at the sub- urban Tucson shopping mall was simply horrible. Just when you think you've seen it all, you haven't. Lots of people in the liberal media jumped all over Sarah Palin, the Tea Party and Fox News Network for broadcasting tox- icity over the airwaves. Palin was being blamed for "target- ing" Democrats up for elec- tion back in November. They pointed to the crosshairs in those negative ads. They wanted folks to apparently think that Loughner probably got the idea to go on a shoot- ing spree from all that con- servative "hate" talk. The re- ality is probably more likely that voices on radio stations were far outnumbered by voices within Loughner's own head. Reality was probably turned off long ago for him. With time between the in- cident and now, we find out there were many warning signs coming from him. How- ever, he, like many others before him and surely to fol- low, fall through the cracks because we simply haven't figured out how to deal with all those broken minds out there walking around carry- ing a ticking time bomb. All mentally ill people aren't dangerous. In fact, most aren't and live very nor- mat lives, yet struggling with their illness. They are in treatment. They have good days followed by bad days fol- lowed by good days again and again. While many are ask- ing how someone like Loughner could so easily walk into a gun shop and pur- chase a Glock 19, that isn't the first question up for an answer. Over the years I am sure many people who knew this shooter aren't surprise by what happened in Tucson. They probably thought it would have happened years ago. Law enforcement prob- ably also had his name on their radar as did that com- munity college he was forced to live and the U.S. Army, which rejected him for ser- vice. One classmate of his in ISN'T ALONE OUT THERE college told a reporter that she always feared he might carry a gun into a classroom and starting shooting every- one. People in regular con- tact knew or should have known he was a very troubled individual. The profile on him fits so many other prior shooters across America in recent years. If we continue not to deal with creating a better understanding and safety net for these folks, Jarad Lee Loughner will be followed by others like him. We treat mental illness with shame unlike other real diseases. Most folks near to them of- ten go into denial and hope things just get better on their own. Too often, they don't. Most Americans truly do not understand what mental illness really is and isn't. Most of us get our views from movies like "One Flew over the Cukoos' Nest" or HBO's "In Treatment" series. In real life, most folks with mental illness look no differ- ent than the rest of us. They often fight their demons in private on a daily basis. We have a national psycho- sis when it comes to offering real mental health care in this country. We often treat it like a pre- tend disease. We just think people are "nuts" or "crazy' or some other stupid chose of words. Back in 1961, President John F. Kennedy set a goal to land a man on the moon before the end of that decade. That goal was reached. To- day, we need a new goal to improve both treatment and national awareness of just how dangerous we live when we ignore the crisis of how we treat the mentally ill in our society today. We can't prevent shooters from shooting but we can deal much better with all those broken minds before they crash into a shopping mall killing and maiming in- nocent people. To do nothing is to invite more unneces- sary violence. We stand at a crossroads in America. The hour is upon us. i LUCIA RISTORANTE & BAR Traditional Italian Cuisine Donato Frattaroli 415 Hanover Street, Boston, MA 02113 617.367.2353 -- Open for Lunch and Dinner Daily -- Private dining rooms for any occasion donato@luciaboston.com www.luciaboston.com