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April 8, 2011     Post-Gazette
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I Page 4 POST-GAZETTE, APRIL 8, 2011 ng Hiring rose more than ex- pected last month and the jobless rate sank to a new low of 8.8%. The private sec- tor added a greater than ex- pected 230,000 new jobs off- setting a drop by cash- strapped state governments. We are definitely making progress on the employment front. "The not so good news is we still have a ways to go," said Nariman Behrewash from the Institute of IHS Glo- bal Insight. The prices paid jumped to the highest level since July 2008, as oil and other commodity costs rose. Some Fed official called on the Fed to cut its $600 bil- lion Treasury buying pro- gram early due to inflation fears. The economy is im- proving and can handle Japan's problems. European debt woes and unrest in Libya, U.S. auto sales rose to 813.1 million annual rate of growth. GM and Ford had double digit gains. Payrolls increased to a record of 39 months. Hiring is strong enough to absorb new en- trants. U.S. crude prices topped $108/barrel. Corn fu- tures rose .3% to a new high. HIRING PICKING UP The highest level since 2008. Hourly earnings were flat for the month of March. The Fed may raise its rates next week. The stocks ral- lied all week until Friday when it gave up gains at the February 18th peak, the Philadelphia Index the top two indexes were chips and electronics. Now the top two are real estate and oil field services. Deere, Under Armor, Stericycle, all did well on increased volume. Volume was 40% or greater for each stock. Robotics Surgery did well on huge volume. Borg Warner rose on good volume. GNC, the vitamins retailers shares climbed 5% to $16.75/share, in its first day of trading, raised about $240 million in net proceeds. GNC operates 512,000 stores and competes with Vitamin Shoppe saw its earnings grow 39% to $97 million and sales increased 7% to $1.83 million. Dish Networks and Carl Icahn have each bid on Block- buster ahead of a bank- ruptcy court ~uction. They are both challenging a bid of 8290 million by a hedge fund group in February. Wipro, a provider of outsourced soft- ware services of $188 mil- lion and provides consulting services to oil companies. Wilpro recently named a new CEO and launched a restructuring effort to better compete against rival AIC. Toyota wins a court suit on the acceleration suit since the firm had recalled mil- lions of Toyotas for this problem. The court ruled the person stepped on the accelerator rather than the brake. Toyota's stock moved up on the news, as the driver mistakenly stepped on the gas rather than the brake, the court ruled. Optimer soared to 13.13 on a positive review of its drug Fidermicine to prevent in- fection of the digestive track. A group of advisors will rule on the benefits and risks of the drug and advise the FDA. They expect an answer by May 304. The 10- year U.S. Treasury is yield- ing 3.45%, unchanged. It's financial advisor or call me at 61 7-261-7777. John & Sandra Cammarata 50 Wedding Anniversary- April 9, 2011 by Sal Giarratani Why Are We Over in Libya? The U.N. resolution says we're there to help civilians from getting slaughtered by a dictator's army. This is not being called a military action but a humanitarian effort. However, when our planes are flying over this country enforcing the no fly zone or performing airstrikes against ground forces shoot- ing at rebels, it sounds like military action to me. America cannot afford to be the policeman of the world. If NATO takes com- mand, will U.S. troops be taking orders from them? How long does the no fly zone continue? How do we know when all those goals of the U.N. resolution are met, especially if it's unclear just what those identified goals really are? Before a fighting coalition is assembled, the goals should already have been hashed out. However, in this case, time to call your we're doing things back- wards. We're already stuck in Iraq and Afghanistan, why are we headed for door number three? Our Fearless Leader's numbers .are falling again in the polls. He clearly is not perceived as a leader. His foreign policy gets put together on the fly and policy on Monday is this. However, check back with us on Tuesday, our policy could be that. Libya is the clear exten- sion of Bosnia in 1995 when Bill Clinton took sides in a civil war. I was opposed to the bombing of Serbia by U.S. jet fighters. The only time we should use our military might is for our own national interests. Otherwise, we could get caught up in every little war-torn country in the world. Bottom line, how do we choose which fights to join and which fights to abstain from? There are lots of bad rulers around the globe, who do we leave in power, who do we befriend and who do we oppose and why? America should not be in the business of nation- building. When has it really worked for us or them? South Vietnam turned out great, didn't it? When do we learn to do things right? Everyone's fight is not nec- John and Sandra (Piccadaci) Cammarata who were married at Saint Stephen's Church will be celebrating their 50th Wedding Anniversary on April 9, 2011. John ("Johnny Shoes" of Johnny and Gino's on Hanover Street) and Sandra are life- long residents of the North End. Happy Anniversary with many more to come. essarily our fight and nor should it be. Remember back in the late 70s and early 80s, when we hooked up with those Afghan free- dom fighters taking on the Soviet Army? Wasn't Osama our ally back then against the Evil Empire? With hind- sight, the world would he reminds me of candles safer today had we just blowing in the wind. Our stayed out of that fight. N END PRINTING 5 PRINCE STREET* NORTH END * BOSTON, MA 02113 Owned and operated by Pamela Donnaruma, Publisher, Post-Gazette Quality Printing for all your Commercial and Personal Needs --- COMPETITIVE PRICES WWW. 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