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April 30, 2010     Post-Gazette
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April 30, 2010
 

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Page4 POST-GAZETTE, APRIL 30, 2010 by Sal Giarratani A ROSE BY ANY OTHER NAME IS STILL A ROSE A new label on the cap and trade bill still stinks to crit- ics set for a veiling of the bill under a different bill name aimed at which limits car- bon emissions and allows for trading in emissions per- mits which has more politi- cal support. After a frustrat- ing 2009, the climate bill, the cap and trade moniker has a negative connotation and will raise gas prices overall. Senator John Kerry and Lieberman from Con- necticut plan on reducing emissions by 17% compared to 2005 levels, and 80% by 2050. The bill would cap power plants. The key stum- bling block in earlier efforts is where there are lawmak- ers whose states use a lot of coal-fired utilities and it would hurt these states eco- nomically. Snags remain, as whether to share drilling revenue with states, but would need Republican sup- port to get it passed. Some lawmakers oppose offshore drilling on environmental grounds. Last week's sink- ing of the deep water Hori- zon rig in the Gulf of Mexico will bolster their case. Honeywell is benefiting from increased profits up 24% and sales +4%. It upped its forecast from $2.42/ share as it edged up .65 to $47.72/share. Xerox the copy maker and consulting service maker said Q1 EPS surged .28% to .18 versus ex items a nickel over views. Revenues jumped 33% to $4.72 billion above views. Xerox benefited from its acquisition of Affiliated Computer Services. Xerox sees profits for the year on the high end its .75-.85/ share on views of .85/ share. It leaped to $11.52 up 8.3%. Durable goods orders fell 1.3% in March, due to slumping aircraft bookings, but ex-transports they rose 2.8% the best since the Re- cession began in December 2007. Meanwhile, new home sales rose 26.9% to an an- nualized 411,000 the biggest gain since records began in 1963. Buyers rushed to take advantage of a tax credit due to expire in May 2010. With 34% of the S&P500 firms re- porting Q1 results, the year over year gains were on track to get a 50% gain, of 32% with a huge gain for financials. Sales are pro- jected to rise 11%. Arizona's Governor signed into law the nation's tough- est anti-immigration mea- sure after President Obama called it misguided and said it could violate people's civil rights and asked the Justice Department to review it to see if it's legal. The law makes it a crime to be in the U.S. illegally and to question status. Strong earnings as com- panies are beating forecasts in the first quarter. Analysts are revising estimates going forward. Collectively with 172 companies reporting, 83% have beaten earnings forecasts. The S&P500 stocks are beating expectations by 74%. We needed a turn- around in revenue and we are seeing it! Said John Bulters, Director of Research at Thompson Reuters. The bond market is strong with the 10-year gaining strength and selling @ 4% yield. The dollar is also gain- ing strength against the euro and the Greek cur- rency. Oil prices are higher and gold is stable. It's time to call your financial advisor or call me at 617-261-7777. The Youth Congress took place at Sacred Heart Church in the North End on Friday and Saturday, April 23 rd and 24 th. The annual event, now in its third year, sponsored by the Archdiocese of Bos- ton, involves the Vocation The Third Annual Youth Congress by Bennett Molinari and Richard Molinari Office, Office for the New Evangelization of Youth and Youhg Adults and Office for College Campus Ministries. It was an amazing two days, a time of vocational discern- ment and prayer. It was a time given over to Eucharis- The Agency for all your Insurance Coverages Owned and operated by Pamela Donnaruma, Publisher, Post-Gazette Richard Settipane Secugce00 AUTO HOMEOWNERS TENANTS COMMERCIAL Experience makes the difference SPECIALIST in RESTAURANT and BUSINESS POLICIES CALL TODAY FOR YOUR QUOTE 617-523-3456 - Fax 617-723-9212 1 Longfellow - Place Suite 2322 - Boston, MA 02114 Conveniently located with Free Parking tic Adoration, lectures and rousing spiritual music. Among the notable speakers was Fr. Benedict Groechel, CFR whose books and tapes have earned him an inter- national reputation as a leading Catholic voice giv- ing advice on how to over- come the daunting spiritual challenges of our time. The two day event culminated with Mass celebrated by Cardinal Sean O'Malley in the upper church of Sacred Heart attended by priests, residents of the North End and of course, the youth of the Archdiocese. The Mass was followed by dinner at Saint John School with pasta, pasta and more pasta generously donated by the restaurants of the North End. It was then back to Sa- cred Heart for an hour of music followed by Eucharis- tic Adoration in the darkened church lit only by candles and the lights of the sanctuary. A Eucharistic Procession to Saint Leonard Church fol- lowed the period of medita- tion where Benediction was held that concluded the two day event. Vazzd Funeral Homes 262 Beach St., Revere 781-284-1127 11 Henry St., E. Boston 617-567-0955 Louis R. Vazza - Mark A. Tauro Funeral Directors www.vazzafunerals.com The Flight of the Phoenix Over What Tea Party Means? As I picked up my latest Boston Phoenix, I could not help but notice the front page story ("TEA" IS FOR TERROR- ISM, Boston Phoenix, April 9) with a graphic showing a Tommy gun resting on a Bible. Also worth noting as worthless was the phrase "dangerous unhinged anti- government rhetoric." The day before I recalled read- ing a news story concerning a speech by the AFL-CIO president to a large audi- ence and delivering a ser- mon on hatred and how he warned of the 1930s when American-born fascists were saying very much the same thing that right-wing critics are saying today. His speech, to this slightly to the right critic of the Obama Administration's penchant for more and more govern- ment control sounded very unhinged. The Tea Party Movement is real and it is main- stream. This is not a reli- gious crusade and the cen- terpiece is economics rather than social issues. I know many liberal Democrats who voted for President Obama who now think it was a big mistake. Our government of the people slowly has become government to the people. Government is not the an- swer to everything that ails us. In many ways, the growth of government has become counter-productive. We are beginning to look like some South American dictatorship where govern- ment runs everything in- cluding the people and where political liberties are near non-existence. I do not belong to the Tea Party and don't agree with everything it states, but I do think it is a healthy move- ment especially when our two party system has failed us so badly. Two years ago when visit- ing Texas, I made it a point to visit the Alamo in San Antonio. This was truly one of America's public shrines to liberty and justice for all. I lived in Charlestown right around the corner from the Bunker Hill Monument and there too was another such shrine to liberty. Government is our busi- ness. Either we run it or it runs us. Too many Ameri- cans it would seem, just want to sit back and let gov- ernment take care of them rather than taking care of themselves. Sadly, the Democratic Party has be- come the party of folks who just want to go along for the ride as long as it seems free. The original Boston Tea Party, do you want to bet, England thought those Tea Partiers were terrorists? Throwing names like hat- ers, Nazis, fascists and un- hinged serves no good pur- pose except cloud the real is- sues at stake like the Con- stitution and the Bill of Rights. Bottom line? If Thomas Jefferson were around today, would he be support- ing Obama, Reid and Pelosi or would he be a member of the Tea Party Movement? Food for thought, huh? NEMPAC Shopping Party at Shake the Tree Join us for a fun fundraising event at Shake the Tree, 67 Salem Street, Boston's North End on Thursday, May 6 th from 6:00-8:00PM. There will be complimentary sangria and snacks. Shake the Tree has a wonderful assortment of women's clothing, jewelry, handbags, gifts, candles, soaps, home decor and cute baby items! Marian at Shake the Tree will generously donate 25% of your purchase to the North End Music and Performing Arts Center (NEMPAC}. Check out their website at shakethetree@erols.com. NEMPAC provides affordable private music instructions, music shaker classes, Italian language classes and more. NORTH END00 Pc00NTINoGo0000 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