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January 28, 2011

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011 by Sal Giarratani Food, raw materials and oil in their early stages. Those are prompting the Central Bank to signal that it could raise interest rates in the future even though some countries have weakened by the debt crisis. Ahead of its meeting at Davus, Switzer- land, Jean Claude Tichet warned that inflation pres- sures in the euro zone must be watched closely and urged bankers everywhere that higher energy and food prices are mounting infla- tion and signal bankers ev- erywhere to ensure energy and food prices don't gain a foothold in the global economy. Fast growing en- ergy markets are seeing ris- ing inflation at home and their demand for globally traded commodities is push- ing prices higher elsewhere. While unemployment and space capacity are restrain- ing underlying prices the US and elsewhere in the devel- opment would annual infla- tion in China is about 5% and a sizzling 9.8% economic growth rate in the fourth quarter triggered fears of more price pressure. Infla- tion in Brazil is even higher. High raw materials costs as raw material prices are still prices dip, coal and iron are pushing prices of steel-mak- ers across the globe. They would average China's and South Korea's prices, which have been raising prices in recent weeks and expected to hit $1,000 per metric ton by the middle of 2011, up from 733/ton last year. Glo- bal inflation is not about volatile commodity prices to exceed 1,000/month. Mr. Tichet's remarks as the FCB must balance a widening debt crisis in Southern Eu- rope and Ireland with a ro- bust recovering on its larg- est member, Germany. Last month, inflation jumped to 2.2%. Global inflation is not coming directly from volatile commodity prices, but they are taken aggressive ac- tions to beat back rising food prices as they are worried about stability. Mr. Tichet's remarks comes as the ESB must balance a 2% rate that could exceed 2.5% in the next two months. In Greece, Ireland and other countries, the austerity drives are pushing up unemployment and bringing additional pain to economies. In the US, the Fed isn't interested in rats- American AIC ,wish Committee Boston Boston University and Consulate General of Italy in Boston in collaboration with American Jewish Committee Consulate General of Israel to New England Proudly present A Commemoration of Italian Holocaust Remembrance Day AMNESIA AND REMEMBRANCE in the critically acclaimed Italian feature film Facing Windows, starring Giovanna Mezzogiorno and Massimo Girotti Consulate General of Israel to New England Sunday, January 30, 2011 - 11:00 a.m. Boston University, George Sherman Union Conference Auditorium, 2nd Floor, 775 Commonwealth Avenue, Boston, MA 02115 PROGRAM 11:00 a.m. - Introduction 11:30 a.m. - "Making the Past the Present" presentation by Nancy Harrowitz, Associate Professor of Italian, Department of Romance Studies, Boston University 11:45 a.m. - "Memory of the Italian Shoah and Ferzan Ozpetek's Facing Windows", presentation by Virginia Picchietti, Associate Professor of Italian at the University of Scranton, PA 12:15 p.m. - Refreshments 12:45 p.m. - Film "Facing Windows" ("La finestra di fronte"), by Ferzan Ozpetek 2:30 - 3:15 p.m; - Round table discussion with Professors Virginia Picchietti, Nancy Harrowitz and John Bernstein Our thanks go to the Jewish Cultural Endowment, Interdisciplinary Italian Studies, and to the Elie Wiesel Center for Judaic Studies at Boston University for their co-sponsorship of this program THE EVENT IS FREE AND OPEN TO THE PUBLIC ing interest rates despite pains of rising inflation. The Dow Jones is bounc- ing off 12,000 again and those 30 stocks are not re- flective of the economy, which is better measured in the S&P500 Index. The stock market has not measured the international stocks from India and China, which have done well. With 14,000 people out of work and this doesn't include the 16.7% who have stopped looking for work is more related to the economy than the State of the Union addresses. The unity and bipartisanship es- poused by President Obama in his speech should go a long way to help the economy. "TO be agreeable without being disagreeable," is what Congress must do to get along and help the economy. It's time to call your financial advisor or call me at '617-261-7777. EAST BOSTON CHAMBER OF COMMERCE TO HOST Annual Installation of Officers The East BostonChamber of Commerce will host its Annual Installation of Officers and Directors on Wednesday February 9, 201 i. The Luncheon Cer- emony will take place at Spinelli's Function Hall in East Boston at 12:00 noon. Taking the Oath of Office as President will be Neffo Cappuccio of Cappuccio Con- struction, Ist Vice President, Diane J. Modica, Law Office of Diane J. Modica, 2"d Vice President, Joseph Zirpolo, D&Z Auto Repair, 3ra Vice President, Pasquale Todisco Ill, Todisco Towing. Trea- surer will be Kim Altschul of East Boston Savings Bank and Joanna Cataldo, East Boston Neighborhood Health Center will continue in the role of Secretary. Recently elected; Maureen Ferris, Hilton Logan Airport,. Scott Heigelmann, Heavy Advertising, and Sal Amico, Massport will take the Director's Oath beginning their terms on the Chamber Board of Directors. Also at this luncheon, the following departing officers will be honored for their dedication and service to the East Boston Chamber of Commerce during their terms in office. Albert Mangini, Anna DiMaria, Chip Tuttle have all com- pleted their terms on the Chamber Board of Directors. Tickets can be purchased through the Chamber Office until Wednesday, February 2, 2011. For more informa- tion or to purchase tickets, please call 617-569-5000 or Eden@EastBostonChambencorrr l Rhetoric, Metaphors and the Slippery Slope On Monday, January 10 around noon time, I kept flipping the radio dial be- tween a talk show hosted by a liberal on one station and a conservative on another station. Talk radio is great to listen to more so because of what callers are talking about rather than the opin- ions of the hosts behind the microphone. The liberal guy kept talking about racism at work in the tragedy that took place in Tucson, Arizona. He wondered on air why the media wasfFt calling him a terrorist. He added, had the shooter been non-white or a Muslim, the media would have endlessly called him a terrorist. The guy in ques- tion may have committed a terrorist act by opening fire trying to kill his target or anyone else he saw fit to shoot. However, the guy in question seems more to be someone with a twisted and broken mind. Perhaps he was following voices inside his head or perhaps he had delusions of being a hero of sorts. However, the more we hear about him, the more he sounds like a time bomb ready to go off and off he eventually went. Keith Olbermann from MSNBC went on a tear play- ing right wing talk show hosts for pulling the trigger with their hateful rhetoric while he himself is no stranger of hateful rhetoric. He blames the likes of Limbaugh, Beck, O'Reilly and especially the liberals' number one target: Sarah Palin. Strange how liberals don't like violent rhetoric when they are part of the same violent-sounding dia- logue going on in this coun- try. Our national discourse over issues like illegal im- migration, health care and gays in the military is too much like yelling at each other rather than discuss- ing the issues or debating the issues. Both sides are responsible for this happen- ing. However, when the Ft. Hood shootout took place, the liberal media went out of its way not to mention any connection to Islam which was pretty obvious. However, the shooting in Arizona led to calls by liberals for conser- vatives to accept responsi- bility for this young guy down in Tucson going on a killing spree. The real question isn't whether this guy is a racist or crazed right winger but whether he is a very sick puppy whose internal clock struck midnight and just before midnight he gored out and legally bought a semi- automatic weapon. Liberals think there's a double stan- dard. They believe Muslim shooters get treated unfairly as radical Islamo-fascists while white shooters get called fruit cakes. This is all hogwash. However, the bot- tom line either way is that innocent people get killed or wounded by acts of violence. Neither Sarah Palin nor the Tea Party movement is responsible for pulling the trigger on a gun nor are they responsible for stirring up violence. Individuals are all accountable for their ac- tions. Folks with broken minds are not exempt from responsibility automatically. That is the case in this lat- est horrific act of violence. Justice will prevail here based on facts rather than opinions. Wouldn't it be nice if liber- als in the media and Con- gress stopped pontificating about how right wing talk radio is dangerous for America? Wouldn't it be nice ff both sides could avoid per- sonal attacks on each other, which does little to add to the national debate on the major issues of the day? NORTH END Quality Printing. for all your COmmercial and Personal Needs m COMPETITIVE PRICES m 617-227-8929