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July 8, 2011     Post-Gazette
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July 8, 2011

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Page 4 POST-GAT_TTE, JULY 8, 2011 DOW ENDS JUNE WITH BIG RALLY Four days -- 480 points -- after Greece finally put its financing together on its next installment of emerg- ing loans. The rally started last week when Nike reported higher quarterly results that showed the con- sumer was spending more than expected. Molycorp, Kronos Worldwide, Liberty Media, Arrow Electronics and Joy Growth, Global was all up 5-7% on earnings for the quarter, and Bank of America, Ford Motor, Sprint, Intel, Microsoft, Cisco Systems, Pfizer, General Electric, AT&T, Micro Tech- nology, Yahoo, Citigroup and EBay were very active and had increased volume in the market on the upside. Brooks Automation com- pleted a sale of its manufac- turing in Portland, Oregon earlier this week for $7.9 million and Brooks updated its 3 rd quarter estimate to .37c/share. Hewlett Packard, the world's largest maker of personal computers spent $1.45 million on lobbying in the first quarter and changed to the U.S. tax sys- tem code. The stock jumped 2.4% to $36.40/share. Times & Co., sell part of Red Sox holdings. Times & Co., is expected to re-orga- nize $9 million in pre-tax gain. The units received $280,000 each. The Times & Co., paid $75 million and the Red Sox has won two World Series and the value of the Red Sox has risen. In addition to the Red Sox Fenway Sports owns 50% of an England soccer team and 50% of a NASCAR team. The Times is raising cash to make up for declining revenues in the newspaper industry. The Times sold part of its 17.5% share in the stock and will sell its remaining stocks in the Red Sox organization soon. Factory sales got busier in June. The Institute for Supply Management, a trade group said that its growth has grown for 23 months. Stocks jumped after the Index was released. The Dow rose 163 points and other Traders also rose. Contrac- tions pending rose $758 bil- lion. Gas prices are falling, the average near $3.55/ gallon, down from over $4.00/gallon in early May. The cheaper gas allows consumers to spend more on furniture and appliances. Consumer spending made up 70% of economic activity. It's time to call your financial advisor or call me at 617-261-7777. Who invented the Ice Cream Cone? June 21, 2011, the first day of summer. As I sit here on the deck reading on this beautiful day I have a desire for ice cream. So off to the fridge I go and pull out the half gallon carton of Vanilla and Sherbet combination ice cream that was purchased the other day. As I scoop out the ice cream, I look to where the dish is to place it in and wish I had a cone to place it in instead. I add two more scoops and head out to the deck to indulge. Ice cream cones have been around for quite some time. They are made to hold one scoop or in some cases more than one. I have seen cones with two openings side by side to allow for two or more scoops to be placed next to each other. And of course.there is my favorite the sugar cone. This is a cone that looks like a waffle. How did the ice cream cone come into our lives to hold this ice cream treat so that we could walk, lick, eat and savor these magnificent fla- vors of ice cream? Well we owe it to an Italian immi- grant by the name of Italo Marioni from Hoboken, New Jersey. Mr. Marcioni was born in by James DiPrima +m++ .... Ice Cream and Cone 1868 and came from Italy to America in 1895, soon he was selling "lemon ice and ice cream from a push cart on Wall Street serving small liquor glasses containing his confections to stockbrokers and Wail Street runners. But too many glasses broke or were taken, and washing them was a chore," accord- ing to his daughter Jane Marchiony Patretti. Italo Marcioni Americanized his name to Marchiony. In order to solve this problem, of bro- Owned and operated by Pamela Donnaruma, Publisher, Post-Gazette The Agency for all your Insurance Coverages Richard Settipane 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 ken glasses, Italo would make waffles and form them into a shape of a cup. The cups were an instant hit for they were tasty, con- venient and sanitary. Soon Mr. Marcioni's business in- creased to a point where he had to hire men to operate his 45 carts selling ice cream. The demand was so great that he could not keep up producing the waffle cups by hand. Being inventive he created a mold into which batter could be poured, baked, and be able to mass produce ice cream cups. In 1902 he applied for a patent for his device and U.S. Patent number 746,971 was awarded to him on De- cember 15, 1903. In 1904 he opened the I. Marchiony Inc., wholesale ice cream and candy business in Hoboken from which he had a fleet of horse drawn wagons supply- ing stores in the city. The story has often been told that the waffle cone was first introduced at the Loui- siana Exposition in 1904, in St. Louis by a man making waffles helping out the ice cream vendor in the next booth by rolling a waffle in the shape of a cone. The story as related by his daugh- ter Jane: "What actually hap- pened was that my father was among the exhibitors selling ice cream in his pat- ented cups. He could make the ice cream every day, but (Continued on Page 12) r$ ..... $7 ,dlI II II |{l]+lll.11l]ll gl I I CASH In Your Gold I I I 345 pp.dBj ve r e I l Honest & Trusted for 33 Years!! l GOOD MORNING: Your Stress Begins Now! The other morning while driving down Main Street in Charlestown, I had my win- dows down and the radio music blasting. The song on the station had the lyrics, "Seven lonely days make a bad week." When you think about it, most of what is happening around us during our waking hours can be pretty bad. Unemployment stays between 9 and 9 1/2 per- cent, the cost of living keeps going up and we have a president who seems unable the jumpstart the economy or end meaningless wars abroad. Homeowners are going under as their property values sink into the quick- sand. Many people actually owe more on their mortgages than their houses are worth. Pretty soon, these folks will need scuba diving lessons to qualify as homeowners. Meanwhile, big business, the banks and credit card companies get richer and richer at our expense. Every- one got their bailout but us. We are a nation mired in debt, both business and personal. Our government is seeking to raise the debt ceiling in order to spend more than we have again and again. Revenue sources are few other than more taxes and the more we tax, the more we spend ad infinite. The Democrats blame the Republicans and the Repub- licans blame the Demo- crats. Everyone seems to have the perfect sound-bite, no matter the issue at hand. I love sleeping because unless you suffer through a nightmare, the overnight hours are peaceful and absent of stress. However, when the alarm clock or cell phone goes off in the morn- ing, we open our hours and within two or three minutes, our stress returns for another day. It would seem the best we can ask for is to survive the day without get- ting caught in a rain storm, hit by a car at a busy comer or caught up in an MBTA breakdown of service. The third rail isn't just for MBTA trains either. Often all of us have our particular third rails to navigate. The unexpected is to be always expected. Just- when you think you are in charge, something crashes and you're back to yesterday, all over again. Stress management? Ev- eryone takes these courses from time to time to better manage our stress to cer- tain factors of our daily lives. I recently was invited to two surprise birthday parties happening at the same time. One person was 71 years old, the other only 60 years old. I managed to attend both on that same afternoon but not without some level of stress in try- ing to do two things at once. Wouldn't it be nice to wake up stress-free and see noth- ing but positives looking out the window at the morning sun, listening to the birds and watching people begin- ning their day out on the street outside? Instead we too often wake up where we left off the previous night. We slept and regenerated our- selves but our attitude and outlook remain the same as it was when we tucked our- selves inside our blankets. Seven lonely days make a bad week but every day we wake up to is a gift to be used again and hopefully with less stress than yesterday. At least that should be our goal. Otherwise, all we have is a sad song to listen to on our morning commute. That can't be all there is, can it? NORTH END00 5 PRINCES R EET *T!THE N DGOS Quality Printing for all your Commercial and Personal Needs 7 -- COMPETITIVE PRICES -- 617-227-8929