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March 11, 2011     Post-Gazette
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March 11, 2011
 

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Page 4 POST-GAZETTE, MARCH 11', 2011 peaking .;,. Ben Doherty HIRING GAIN Hiring gain signals economy of the mend but its slow going. Hiring rose last month at the fastest rate since last May, but it fell be- low 9% for the first time in nearly two years, according to the Labor Department, saying the economy is pick- ing up steam• The 192,000 jobs added in February edged views. The jobless rate fell • 1% to 8.9%, the lowest since April 2009. The labor force held at 27 year low, but the bleaker employment picture is still 7.5 million below their January highs in 2008. We still have a long way to go, said John Canally, an economist and investment strategist with LPL Finan- cial. "It's not going to feel like a recovery until all the jobs are back," he said. Fol- lowing the '81-'82 recovery, employers on average added about 434,000 jobs each month. The current recovery has been buoyed by in- creases on business spend- ing and consumer spending, but housing remains de- pressed and rising oil prices and lingering European debt woes could cause growth to slow. Stocks fell on Friday after oil prices topped $104/ barrel on fears that Libya's turmoil could spread to even bigger oil producers in the region such as Saudi Arabia and Iran. The S&P500 could fall with the NASDAQ. If this recent price sticks, you're talking about a half point off GDP growth, according to Scott Brown, Chief Econo- SIGNALS ECONOMY ON THE MEND mist at Raymond James. "That's not going to throw us into a recession, but it's go- ing to make the recovery softer than we would like to see." The Federal Reserve will complete its $600 billion bond buying plan aimed at keeping interest rates low despite some policymaker's fears that it could fuel infla- tion..What happens after that is unclear• Labor re- vised January forecasts from a gain of 36,000 to 63,000, still weak due to January's heavy snow storms. Analyst say the unemployment model view to calculate un- employment fears to under estimate hiring early in the recovery, suggesting that February's job figures could be revised up. The private sector added a better than expected 222,000 jobs last month, raising hopes that the economy will be able to stand on its own two feet as fiscal and monetary stimu- lus fade and state and local government's cut spending and jobs to rein in soaring deficits. Goods producers hired 33,000 workers in edu- cation and healthcare and temporary workers. Govern- ment shed 30,000 workers, all at the state and local level. Hourly earnings were flat in February versus views that inflation will stay tame as companies struggle to pay for higher gas and commod- ity costs• Economic news was higher than expected and the jobless rate was lower• Factory orders on Friday were also positive. Factory orders in January rose 3.1%, the best in four years• The market could gain trac- tion, but their timing on a stock that flips 130,000 shares/day, you realize that this is a tough climate and it's more of a holders mar- ket than a buyer's market. Investors who established positions last September had a good gain, but lost 10% in January. Investors should be cautious• Fighting in Libya continues to weigh on the market and West Texas Crude Oil jumped 3%. Wisconsin Governor Scott Walker is poised to send out layoff notices to 1,500 state workers because the law- makers did not appear to be coming back to act on bud- get related legislation. That would limit collective bar- gaining rights. Protestors left the building after a judge ruling• The legislature didn't appear to be coming back to act on budget related legis- lation that would limit col- lective bargaining rights. Crude oil after the conflict in Libya saw prices go over $104/barrel. Investors drove gold prices higher up $1,200 to $1,428 an ounce and sil- ver settled at $35.32 an ounce, up 3% after hitting a 31 year high. Fiber optics, mining, auto parts, Cana- dian oil and coal stocks made big weekly gains. It's time to call your financial advisor or call me at 617-261-7777. SKATEBOARDING OVER 9/1 by Sal Giarratani There's something very sad and uncomfortable knowing that kids are skateboarding on the 9/11 Memorial at the Public Garden. The Boston Courant newspaper just did a front page story on this unfortu- nate situation. The design company proposed some kind of fencing to stop the on going damage to the memo- Greater Boston's Affordable Private Cemetery Traditional Burial Plot (for tarting at $1500 MICHAEL CEMETERY 617.524.1036 the Italian co~mW~un'Sit~oiCrhaveerll::eyt:r~"c°m Owned and operated by Pamela Donnaruma, Publisher, Post-Gazette f Boston Harborside Home N Joseph A. Langone WWW. BOSTON POSTG AZ ETT E.COM 580 Commercial St. - Boston, MA 02109 617-536-4110 www.bostonharborsidehome.com Augustave M. Sabia, Jr.Trevor Slauenwhite Frederick J. Wobrock Dino C. Manca Courtney A. Fitzgibbons A Service Family Affiliate of AFFS/Service Corporation International 206 Winter St., Fall River, MA 02720 Telephone 508-676-2454 by Sal Giarratani 1 MEMORIAL rial caused by skateboard- ers. The arc-shaped granite memorial near the park's entrance at Arlington and Newbury Streets has suf- fered surface damage over the past few years. The memorial has been cleaned and now the designer of the Birds, Bees, Eggs and Sometimes Chicken Too As I read about the recent Boston City Council hear- ings on sexual health edu- cation in the Boston Public Schools chaired by Councilor Ayanna Pressley, I found it unfortunate that instead of talking about comprehen- sive sex education, too many of its advocates stress the distribution of free condoms instead in our public schools• While I agree we as a soci- ety must tackle this issue, which creates serious prob- lems for our young people and perpetuates cycles of poverty, I think people can differ and have a right to differ with just what is the role of government. Good sex education has to be much more than free condoms. It has to be about teaching what the conse- quences of risky behavior are. The Health of Boston 2010 report shows Boston's young females between 15- 19 saw birthrates dip some- what from eight years ago and that among the same age group, the rates of STDs are on the rise. I personally don't buy the research, which reportedly shows that supplying free condoms to adolescents does not lead to increased sexual activity• Handing out free condoms to sexually active teens is not sex education nor the answer to the issues pre- sented at this most recent City Council hearing. It would seem that young guys think it is not their" problem. This has nothing to do with the price of condoms out there. It is a culture thing. Girls get pregnant so therefore it is their problem. Just because condoms are freely distributed, doesn't mean they will be used or used properly• There are big conse- quences to young people girls• Lives will be ruined by such bad choices• Before the City of Boston hands out free condoms to teens to give to their partner or, sadly, partners, I believe it behooves the school system and school-based clinics to educate young girls about the need to protect them- selves absent of condoms. Condoms should not be viewed as a form of birth control because that is probably what has helped create high rates of preg- nancies in recent years. When girls as young as 12 years old are now getting pregnant, I think it is time to address the lack of paren- tal involvement• Parents need to parent their kids wisely. However, it would seem we have a whole gen- eration of parents out there who have forgotten or mini- mized their role as parents and have sown the seeds for the epidemic of children having children. The last of our priorities needed is free condoms• Get- ting hooked on them gets in the way of truly educating our young people, doesn't it? It would be nice for our young people to wait as long as pos- sible before getting sexually active. Unfortunately, many young people don't do this. Teach our children to under- stand both their actions and consequences• If we teach good sex education, condom use will increase whether such things are free inside schools or not. Remember just because something is free, doesn't mean anything will be used. Free condoms is nothing short of throwing your hands up in the air and saying anything goes and part of a wish we could do more but mentality. The hearing was a good start but we must think deeper into this issue who are sexually active, and talk about more than memorial is seeking to especially young teenage condoms. create a deterrent to the skateboarders. TheBoston INoI [,H E J] Landmarks Commission will soon review this proposal. Boston Parks and Rec~e~ ati°nhiredac°nservat°r{°I PRINITI remove the damage with solvents and soft brushes but not all the stains could I 5 PRINCE STREET NORTH END * BOSTON, MA 02113 be removed without damag- ing the stone• The City has appropriated $2,000 to in- stall the fencing and the work will be done in the spring. It is a total disgrace that this monument is inscribed with 250 names of individu- als from Massachusetts or had ties to this state who died on 9/11 has been used as a skateboarding ramp. This memorial was dedi- cated in 2004 and to think there are teens out there who seem so ignorant of this special place is in such poor taste. These kids should Quality Printing for all your Commercial and Personal Needs Stationery, B siness Cards * Menus "Flyers Program ooks Wedding and Party Invitations Announcemen i Business Forms and Documents COMPETITIVE PRICES know better than this. A fence is needed and that is J the real shame here.