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March 9, 2012     Post-Gazette
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March 9, 2012
 

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Page 4 POST-GAZETTE, MARCH 9, 2012 with Ben Doherty , by Sal Giarratani ._--"X BP, CHINA, YAHOO, AND GREEK BOND SWAP BP agrees to pay 87.8 bil- lion to settle the 100,000+ claims against them. Their stock just about reached a 52 week high. The company only paid about half of what was predicted in settlement cost. Overall, this was a good deal for BP and shareholders all around. BP still has other legal matters to attend to and good PR is important as always. China's slow growth is a big change for them. They've had three successful years of non-stop growth. It's the first time in over two de- cades that the government's growth target has been reduced. It was about 15.5% and is now estimated at 7.5% this will be the slowest . pace in 22 years stated the New York Times. As of now the current construction projects will be completed and all other projects are on hold. This is due to the weak real estate market. Exports are also struggling to turn a profit. This news has put a sudden halt on purchases of materials, which has af- fected all suppliers almost instantly in the construc- tion industry. The estimated growth through 2015 is 7%. Yahoo's CEO Scott Thomp- son is taking the fast track to put the company back on a profitable path per the Los Angeles Times, This news has not had a good effect on Yahoo's employees' or Wall Street. Thompson wants to focus on the future not the present. A recent conference call, the plan is to focus on the company's strengths and grow from this point on. :Greece:s bond situation is one of the key reasonsthe stock market has negative numbers at the moment. If they do not meet their deadline to swap out their old bonds with new bonds this will have a "domino" effect across the financial regions. According to the Associated Press Greece has four differ- ent scenarios. 1. Those that hold less than 66% sign the new agree- ment, but Greece withdraws the offer. This would mean that the second bailout is a loss and Greece defaults on all debt. Causing private in- vestors and several banks including the National level to face huge losses. 2. Investors holding 66- 74% sign up and the legisla- tion forces losses on hold- outs. This would cause credit default swaps in turn causing panic throughout the financial market. 3. Those that hold 75-90% sign the deal. This might cause Athens and Eurozone financial ministers to force everyone else's hand. As we know Germany and the Netherlands will not okay more bailout loans. 4. Finally, all goes as planned and 90% sign the agreement. The challenge of implementing new condi- tions for the rescue loans and putting the country's economy back on the path of growth. It's time to call your finan- cial advisor or call me at 617-241-0328. Boston Public Library Helps Teens Prepare for College Free SAT Practice and College Life Discussions Offered in March and April Boston teens with plans for 'ollege will find the Bos- ton Public Library the place to visit for real-life advice along with opportunities to practice taking the SAT. Through a partnership with the Princeton Review, the Boston Public Library will offer teens multiple practice test opportunities in March and April. After tak- ing a free practice SAT at the Boston Public Library, par- ticipants will receive a per- formance report with sug- gestions on how to improve their score. Offered seven times a year, the SAT tests prospec- tive college students on math, critical reading, and writing. SAT scores are considered an important component of the college ad- mission process. To sign up for one of the four-hour practice SAT exam ses- sions, teens should visit PrincetonReview.com/ Events. In addition to the practice tests, the Boston Public Li- brary will offer teens the opportunity to learn about college life in a trio of "col- lege life sessions" held at different branch locations across the city. Harvard stu- dents will meet with Boston teens in order to candidly discuss what to expect in college. Teens will have the opportunity to ask questions of the Harvard students as part of the John Harvard Book Celebration, which commemorates Harvard University's 375 th birthday. "By offering these pro- grams, the Boston Public Library will give teens the rare opportunity to learn and make decisions about their college prospects at no cost to them or their families," said Jessi Snow, Youth Ser- vices Coordinator at the Bos- ton Public Library. The dates and times for free practice SAT exam ses- sions are: Saturday, March 10, 10 a.m., East Boston Branch, 276 Meridian Street Saturday, March 10, 10:00 am, Grove Hall Branch, 41 Geneva Avenue, Dorchester Saturday, March 24, 10:00 am, Mattapan Branch, 1350 Blue Hill Avenue Saturday, March 24, 10:00 am, Hyde Park Branch, 35 Harvard Avenue Saturday, March 31, 9:30 am, South End Branch, 685 Real Estate Matt6o Gallo Appraisals Sales & Rentals 376 North Street Boston, MA 02113 (617) 523-2100 Fax (617) 523-3530 Tremont Street Saturday, March 31, 9:30 am, Jamaica Plain Branch, 12 Sedgwick Street Saturday, March 31, 12:00 pro, Dudley Branch, 65 Warren Street, Roxbury Saturday, April 28, 12:00 pm, Central Library in Copley Square, 700 Boylston Street Teens car/ sign up for the SAT practice sessions online at PrincetonReview .cornEvents. Upcoming college life sessions are scheduled on: Tuesday, March 27, at 3:00 pm at the South End Branch, 685 Tremont Street Tuesday, March 27, at 4:00 pm at the Mattapan Branch, 1350 Blue Hill Avenue Thursday, March 29, at 3:00 pm at the Jamaica Plain Branch, 12 Sedgwick Street To learn more, visit www.bpl.org. i r$ i I i i i i Box I " 345 Broadway, Revere 781-286-CASH Honest & Trusted for 33 Years!! i www.sellgoldmass.com US --tllllII]ll{l]'lllg1:lltllJ= le'_ Sj Is Rick Santorum for Real? Former US Sen. Rick Santorum, (R-Penn)served two terms in the US Senate before being defeated for a third term. I always liked him as a US Senator. He was a conservative who always held to his principles. He had a core set of values not of- ten seen today in elected of- ficials. Mitt Romney on the other hand is a former Mas- sachusetts governor who served one term. Back in 1994 he ran for the US Sen- ate against Teddy Kennedy and lost but not for lack of trying to be as liberal as a Kennedy. Over the years, Mitt has often been for some- thing before eventually be- ing against it. It is one thing to change your mind on pub- lic works issues or on bud- getary debates but not on life and death issues like abor- tion. Mitt has flipped and flopped so often that those flip-flops look well worn after mere casual use. It is diffi- cult to understand a politi- cian whose values bend in the wind. Perfect hair and teeth can't compare to sin- cerity. Right now many Republi- cans and conservatives are coming to accept Mitt Rom- ney as the party nominee because these folks think he can beat Obama in No- vember, Romney's only real victory was back in 2002 against the weakest Demo- crat in the field. Talk show hosts like Jay Severin think Romney is the most elect- able conservative running. Others like Mark Levin still don't like him that much but see him as better than Obama. Santorum is starting to dis- cuss issues beyond the usual ones for him. He's talking more about foreign affairs and the economy. He's talking about the un- employed. He's talking about homeowners losing their homes to foreclosure. He's talking about the military. Liberals within the media are trying to frame him as a crackpot candidate. To them he looks kooky. To the crowd over at MSDNC, Santorum is the bogeyman of the far right. At this point in time, it looks like a Romney- Santorum battle to the fin- ish. Romney is the centrist candidate of the Republican Eastern Establishment ver- sus Santorum, the conser- vative candidate who is viewed positively by many Tea Party conservatives. It is numbers versus passion. People want to believe in Santorum. Few believe any- thing Romney says most of the time. Thinking about Santorum, I think of Sam Alito and Antonin Scalia on the US Supreme Court. Campaign '12 will pick one of these two Republicans up against the greatest re- tail politician of the day. Barack Obama is even bet- ter than Bubba on the stump. Obama is not unbeatable and if Santorum would win the GOP nomination, he could take the campaign to the American people. Are we better off today than in 2008 and the answer is no better. Hope and Change! We keep hoping but with only change in our pockets! Can Santorum win the battle? Can he get enough electoral college votes? Can he beat Obama in debates? Can he inspire America to be better than we have be- come? Obama wins if most of us think the status'quo is good enough. Obama wins if we temper our hopes and dreams for ourselves, our families and our futures. The question really isn't whether Santorum is real the real question is can we afford four more years of nothing. INORTH END00 , Pc00N.TINoGos00 I Quality Printing for all your Commercial and Personal Needs m COMPETITIVE PRICES 617-227-8929 WWW.BOSTONPOSTGAZETTE.COM /