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February 11, 2011     Post-Gazette
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February 11, 2011
 

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Page 4 POST-GAZETTE, FEBRUARY 11,201 1 kin by Sal Cia atani The "Foster Brooks" Routine with Ben Doherty HIRING SLOWS DOWN Hiring was surprisingly weak this week. The Labor Department showed less hiring slowed as the weather kept many. people from work. Investors agreed after a sluggish start and the S&P500 rallied for its .3% gain. The US Treasuries 10- Year Bond was up 10 basis points to a 10 month high to 3.64%. Payrolls rose by only 36,000 last month far below estimates of 163,000 work- ers. Analysts shrugged this off. There is very strong evi- dence that the economy is improving said Robert Dye, an economist at the Finan- cial Times. He said, "there are lots of data showing that market conditions are get- ting better." There is a long way to go as employment re- mains 5.6% of its old high, which will be the deepest January since the 1996 re- cession. When weather is the problem since the bliz-" zard of 1996, it showed people stopped looking and dropping out of the workforce. In De- cember 2007, private firms added 50,000 jobs and the public sector jobs fell 14,000 more in state and local gov- ernments. The labor for a percipitation rate hit 64, the lowest since 1985. Econo- mists expect the numbers to improve as discouraged workers re-enter the work force. Wall Street expected a single uptlek to 9.5/0, but it will be part of the longest and deepest recession since WWII. Ben Bernanke, Fed Chief, said, "this will likely remain high even though unemployment growth will be self sustaining." He gave no sign that the Fed would curtail its $600 billion in U.S. Treasury buys through will improve this year in the second quarter, for the sec- ond half of this year. The Egyptians unite against Mubarak, their prime minister. Hundreds of thousands of Egyptians ral- lied in the square until Mubarak resigned. The stock market ended strong and reached 10.206% to a two-year high. Bonds fell as the 10-Year Yield hit new highs. Oil prices closed flat for the week on speculations that Egyptian President Mubarak could step down over the weekend and that the Suez Canal would shut down. U.S. crude fell 82 on Friday. Oil fell to $89.34/barrel on Fri- day. Weyerhausers' earnings doubled to .10e/share ver- sus their views of .5e/share led by demand for its paper products. Its real estate sold 21% more homes. Its wood product unit, its biggest, nar- rowed losses in the first quarter. Shares gained 3.1% to 24.30. Fortune Bonds rose 5% to 81.9 billion above views and it will spin off its golf unit. After the separa- tion and focus on spirits. It rose 10% to ~62.og/'share. Clorox the maker of clean- ing supplies, said second quarter earnings dropped 12% as sales dropped 12% f ALBANO F. PONTE, CEP Financial and Estate, Planning Email a onte @ msn.corn Phone 617-320-0022 MICHAEL F. NOBILE, CPCU ARLINGTON 148A Massachusetts Avenue Arlington, MA 02474 (781) 646-1200 Fax (781) 646-1148 MEDFORD 39 Salem Street Medford, MA 02155 (781) 395-4200 Fax (781) 391-8493 BOSTON 30 Prince Street Boston, MA 02113 (617) 523-6766 Fax (617) 523-0078 J EAST BOSTON gA TELLITE OFFICE NOW N MARIE MATARESE 35 Bennington Street, East Boston 617.22.7.8929 Till:t,. 10:00 AM- 300 P.M. THURS. 11:00 A.M.- 2:00 P.M. ACCEPTING Advertisements General Advertisements * Salesand Rentals I Memorials * Legals ADVERTISING WILL MAKE A" DIFFERENCE ..... ]' 1 I ]11 III I I] I and margins dropped to 41% from 43%. Clorox lowered its full year earnings to $3.85, its shares climbed 3% to 865.66. Tiffany, a luxury jew- elry chain; was upgraded by Oppenheimer as sales have recovered, and it expects to gain market share it rose 2% to $61.92. Dow Corning hit by higher costs as profits dropped 16% as higher costs, and raw materials and energy prices will pressure earnings this year. Dow rose 7% this year to $37.01. With the excep- tion of Tunisia and Egypt, oil companies had great earn- ings. Halliburton, a Houston- based company, the earn- ings were up 16% and shares hit a 21/2 year high of .65c/share. It will get .68/ share up from .28C/share, and they expect earnings to grow at 41% in 2011 and 20% in 2012. Mattress maker Tempur- Pedic energized sales by sharing feedback and from customers. Its sales surged 20% the fourth quarter of 2009, full year 2010 earn- ings jumped 33% to $1.1 bil- lion. Customers are buying high-end products in a rebounding economy. Brazil remains an attrac- tive market for foreign in- vestments especially com- panies seeking to expand their customer base long- term ~rowth espcclall~r corn panies wanting to acquire commodities and natural resources. A study by Monster.corn says health care and information tech- nology are the sectors most companies are scrambling to find the best talent. Accord- ing to a survey from KPMG 41% of more than 185 execs with investments in Brazil say they are keen on invest- ing there. When asked to identify the top reasons, 66% named expanding their cus- tomer base. Brazil's economy is rebounding more quickly than most said KPMG's Mark Barnes. Healthcare and information technology are the sectors which employees are trying the hardest to grab the best talent including nursing aides, orderlies and atten- dants, followed by occupa- tional therapy assistants, dental assistants, home health aides and pharmacy are in demand. It's time to call your financial advisor or call me at 617-261-7777. Z Z~X ~ ~ ~. ~ ~ 4 ~ ~ ~ 7 Isn't Funny Today Back in the '70s I used to ing. Watch a football game. enjoy those Dean Martin Look at commercials. We all Roasts on television. Every- think we can handle what one was there going after the we drink but very few really sow's roastee. The regulars can. Nobody wants to be included: Martin, the star of called an alcoholic. We'd just the show, George Burns, rather get drunk. Milton Berle, Jack Benny, The other day, I unfortu- Phyllis Diller and of course nately fell into a Foster Foster Brooks who played the Brooks moment when I saw best drunk on TV back then. a MBTA bus driver filling up Frank Sinatra might show his car next to mine and I up as might Angie Dicker- started joking with him about son. However, a roast with- the drunk MBTA bus driver out Foster Brooks was no over in Somerville. He gave roast worth watching, me the meanest look ever. I His five-minute routine al- knew instantly, I had been ways brought the house insensitive. He probably has li down. In front of our TV sets, been hearing those jokes for the laughter could be heard days when I met him. I guess down the street. He was so sometimes it is difficult to good at being so drunk, get those old Dean Martin There could be no Foster Roasts out of your head. Brooks today because we've Drinking and driving isn't grown up from laughing at funny and neither is drink- alcoholics. Even back then, ing and living for many. I surely for many families rarely drink and when I at- viewing that show, the idea tend political events every- that drunks were funny one wants to buy me a drink. wasn't funny at all. I usually refuse and when I Recently, an MBTA bus do they ask me if I'm a re- driver got himself fired after covering alcoholic. To which driving his bus well over the I say, "I just don't want to legal limit. He allegedly drink." However, in reality, slammed into a car in front I also am aware of family of him. When the cops ar- history with this issue. I will rived, reportedly, his right not be doomed by the past. foot was on the brake, his Learning from your past is ! head down on the steering importanL It gets you onto ,I wheel and the engine still the right path of life. i running. No one was seri- I enjoy being in charge of ously hurt. The driver. 61. my life no matter what road w~t~ fired from hlo job and Io~t l. ~m traveling, When ~ou ~ct his license to drive anything, consumed by substances This wasn't a laughing that can overrule your corn- matter at all. Someone ended mon sense, you can end up up with their head crashing with your head in your lap into the steering wheel and with your foot on the brake his life crashed in all m-ound and the engine still running. him. This guy is not alone. Thanks, but no thanks, We hear about the horrible that's not for me. results of alcoholism far tooI certainly hope that often. How many drunk driv- former MBTA bus driver gets ers end up killing other help so that he can get back people? How manyfolks get on the road to recovery for arrested as repeat OUI of- both himself and his family. fenders over and over again? He can't undo his past but he Our culture honors drink- doesn't have to repeat it. 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