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March 2, 2012     Post-Gazette
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Page 4 POST-GAZETTE, MARCH 2, 2012 with Ben Doherty (f____ by Sal Giarratani HOME DEPOT HAD GREAT EARNINGS The market started out the holiday shortened week with a see-saw performance, ultimately finishing mixed and little changed. The healthy showing was broad based with hot shots such as Home Depot (HD), Macy's (M), Wal-Mart (WMT) and Steven Madden, Ltd. (SHOO) The US economy and job growth are improving and consumers are spending more freely, Rumors of the consumers' debt are exaggerated, said Lawrence Creatura, portfolio officer at Federated Inves- tors. Retailers have adapted to consumers increasing price sensitivity and the good earnings by presenting correctly priced goods at an attractive price. Home Depot eartmd 50/ share versus one year ago. Revenue rose 6% to $16 mil- lion after surging a com- bined 51% in Q4. It seems to indicate a strong growth in sales of big ticket items and a rebound in home buy- ing. Home Depot shares rose nearly 3%, helped by a re- newed focus on consumer service. Saks and Macy's both engaged a pretty good holiday shopping season. Macy's earnings rose 13% but US growth was exceptional. Some store sales rose 1.5% from last year, the sec- ond straight quarter of cor- porate growth. Analysts see higher non-GAP earnings to $2.47/share. For fiscal July it pegged increased its rev- enue forecasts see revenue of $140.5 billion to $4.185 billion up 9-10% on growth of 12-14%. Small business revenue now sees higher GAAP oper- ating income of $1.465 bil- lion on growth of activity increased, tax receipts tax revenue by 44% to $295 bil- lion. Dell's tax revenue was 21.1%. Dell's gross profits were up 8% from 21% a year ago. Dell misse on profits and earned down 4% from last year. Sales rose 2% to 816.03 billion edging the $15.96 bil- lion reported by analysts. Wall Street is waiting to see if In- tuit can meet its target of 10- 13% growth in its consumer tax business. The competition is stron- ger than ever because of smart phone and tablets. For the year Dell, coupled with the way low price points of time and dollar share. Dell's earnings coupled with the way low price points of time and dollar share are not bad, says Greg Richardson a tech analyst. The roundrock lawn company intends to stay away from products and servers PC sales and in the doldrums. Dell's service rev- enue rose 12% to $2.2 bil- lion. Dell growth profit is 5% to 4.9%. Its gross profit mar- gin was 21.1% up from last year. Intuit's tax store TaxPro is growing through aggressive marketing and because users are buying higher- end products. It's time to call your finan- cial advisor or call me at 617- 241-0328. GAS PUMP HIKES CAN BEAT OBAMA by Sal Giarratani Never mind who. You want to beat President Obama? Regardless of which Republican is the last dog in the room? Gas prices at the pumps are rising. Predicted to hit $4 per gallon sometime in April! This could be Obama's Alamo. One year ago, pump prices were about $3.16 per gallon. Back on January 20, 2009, the day Obama was sworn into office, the price was only $1.84 a gal- lon. Back when George W. Bush was still in the White House, every time gas went up a penny, it was blamed on Bush. With Bush out of office over three years, the main- stream media is still blaming Bush. Demo- crats always get a bye week as in it is never their fault from the Democrat-leaning media. There is so much to lay at the doorway of the White House. How about knocking down the idea of the Keystone Pipeline? How about praising Brazil for digging for oil wit h our money, so that we can buy some Brazilian- owned oil? Good deal for them, stinky for us. How about the growing threat of Iran stir- ring up the pot world-wide? How about what is happening in Syria? "If all this wasn't bad enough, how about the fact the President Obama's new budget proposal is $1.3 trillion in the red? How about knowing that counting the budget as passed would mean our long-term national debt just went to over $16 trillion. How can we ever get our house in financial shape with this kind of continued over-spending? Probate Register Race Heating Up by Sal Giarratani The job of Suffolk County Register of Probate will be on the ballot this year. District 1 City Councilor Sal LaMattina and Patty Campatelli have both pulled papers and there's talk Steve A. Wise might run as an independent in Novem- ber 2012. Wise has run for office before several times, I believe. There are rumors out there that a candidate or two might also take papers out for the primary fight from the West Roxbury and Roslindale neighborhoods. Deadline for return of papers is May 1. This open seat could turn out to be "quite an interesting race to keep your eyes on. LaMattina would have the most name / recognition having served on the City Council since elected in 2006 from the East Boston, North End and Charlestown district. Owned and operated by Pamela Donnaruma, Publisher, Post-Gazette o,,,, mowm P00erlOa00ce00W. 2? 781-286-CASH we Buy Diamonds, Gold and Silver Jewelry We Buy Gold and Silver Coins j J. OX 345 Broadway, Revere Serving the Community for 33 Years seUgoldmass.com Hours lO-5:30 pm every day. Saturdays until 3:30 pm If LaMattina were to win this Suffolk County race, a special Council election would be scheduled. Several candidates have been named as potential candi- dates for that special elec- tion if it happened. Among those mentioned are Danny Ryan from Charlestown, Jason Aluia and Danny Toscano from the North End and two City Hall guys Ernani DeAraujo of the Mayor's Office from East Boston and Stephen Passa- cantilli from Sal's office and from the North End. Stephen is also the late Freddie Langone's nephew. Meanwhile, according to a political report in the Dorchester Reporter, City Council President Steve Murphy introduced LaMat- tina at several recent Democratic caucuses out- side District 1. Supreme Court Limits Police Use of GPS Tracking For all those folks out there who think I am a conserva- tive wing-nut, I thought I would dedicate this com- mentary to you as I expose some of my inner liberalism to you. For those who aren't aware, I have been a li- censed police officer for the state Mental Health Depart- ment since 1985 but agree fully with the January 23 US Supreme Court decision. No way, the police in the case before the High Court didn't violate the US Consti- tution when they placed a GPS tracking device on a suspect's car and monitored the car's travels for 28 days. The justices were divided 5-4 on the rationale for the decision. The majority ruled the problem they faced was over the GPS's placement on private property where there was an expectation of privacy. One of the lawyers for the defense called the ruling "A signal event in Fourth Amendment history." Attorney Walter Dellinger added, "Law enforcement is now on notice that almost any use of GPS electronic surveillance of a citizen's movement will be legally questionable unless a war- rant is obtained in advance." The case decided in the courtroom concerned Antoine Jones who owned a Washington nightclub when police came to suspect him of drug trafficking. A GPS was placed on his vehicle without a warrant, tracking his every move and the evidence collected got him convicted. He was sentenced to life in prison. The US Court of Appeals for the Dis- trict of Columbia Circuit overturned the conviction, saying it violated the 4 th amendment which prohibits unreasonable searches. The US Supreme Court has now upheld the Appeals Court's ruling. I agreed wholeheartedly with Justice Antonin Scalia who stated, "We hold that government's installation of a GPS device on a target's vehicle and its vehicle's movements, con- stituted a 'search' ... It is important to be clear about what occurred in this case. The government physically occupied private property for the purpose of obtaining in- formation. We have no doubt that such a physical intru- sion would have been con- sidered a 'search' within the meaning of the Fourth Amendment." Justice Sam Alito disagreed with the majority opinion saying, "The use of long term GPS monitoring in investigations of most offenses impinges on expectations of privacy." The issue of using GPS to track the bad guys is not settled by this decision. Fur- ther decisions will surely be addressed by the US Su- preme Court but in this one case, the 4 th amendment won the day as it should. Liberals should be praising Justice Scalia for his deci- sion in this case. The law is the law and the ends cannot justify circumventing the constitution. I accept the wide-lense approach in the understanding of the words and principles within the constitution. The founding fathers never heard of a GPS, they only heard of un- reasonable searches and the need for warrants. It doesn't matter if a guilty guy walks free, what matters is the upholding of our constitutional principles. Justice Antonin Scalia un- derstood those principles quite well and the majority on the court made the only decision that could have been reached. Our Bill of Rights either protects all of us or potentially none of us. NORTH END00 NoGo0000 Quality Printing for all your Commercial and Personal Needs Stationery * Business Cards, Menus Flyers Program Books * Wedding and Party Invitations Announcements Business Forms and Documents m COMPETITIVE PRICES 617-227-8929 WWW.BOSTONPOSTGAZETTE.COM