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July 15, 2011     Post-Gazette
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July 15, 2011

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JL]JliliRMHIl|llillBIllllUtlrMltalll| i=i'''W'mi'|llilx: itJ. ' ._. L]  Jl.L_J], H ]] Page4 POST-GAZETTE, JULY 15, 2011 by Sal Giarratani  ....... CORPORATE Analysts are projecting a 14% growth rate led by energy and materials. Over the past six quarters 70% of companies have beaten their estimates. Expecta- tions have been low. Inves- tors have had to grapple with disruption for the tsunami in Japan. a default in Greece. unemployment higher and consumer spending lower. In April and May with the outlook lows. we are vulner- able to an upside surprise in Quarter III. Stocks are sell- ing at 12.6 times P/E aver- age as a normal 15 times and Greece will avoid a near- term default and earnings will be better. M&A activity helped the market this week. Immuco bolted 30% on news it will be bought by Varcro for S772 million in cash. The Federal Reserve laid out guidance for banks that have derivative units. Derivatives are used to hedge risks and speculate for profit. Critics say deriva- tives contributed to the 2008 financial crisis, Energy transfer offered 885 cash deal for William. Shares of PROFITS SEEM Southern closed at 842.72/ share suggesting that a higher bid is coming. National Oil Well offered S85 cash deal and the stock rose 38% to $85/share. A group of bondholders will try to opt out of Bank of America's 88.5 billion settlement agreement. The bank reached a deal with 22 investors to excuse it from the deal by 530 Trust to require more disclo- sures. Bank of America fell .9% to Sll/share on the news. ImmunoGen Inc., jumped as the maker of anti-cancer drugs was rated a buy at Jefferies. which said t-hat its TDMs drug could be a standard for breast cancer. DMI is replacing Riches Horecption. Jefferies said that DMI is safer and that a combination of Herptin and a cell billing agent discovered by ImmunoGen was up 2 points in active trades. The U.S. jobs figure didn't help. Netflix has exlanded its foot print to include Canada. South America and the Caribbean. STRONG The expansion will include 46 countries. It will be avail- able in Spanish. Portuguese and English and will have the fastest growth through 2015 of any company as the rights to films and TV shows are covered up on a country by country basis. Capital One Financial Corp.. seeks to expand in Massachusetts in Boston and Brookline. It has branches in eight other states and is the largest bank and credit card issuer in the U.S. They plan on getting 8600 million in deposits. Capital One last month bought ING's 89 bil- lion deal to come into New England which has 7 million customers. Moody's drops rating on Portugal to junk DWA2 to Baaz. The Portuguese gov- ernment has raised taxes as the economy is expected to contract 2% this year and next. It joins Greece in mar- ket credit worries risks. It's time to call your financial advisor or call me at 617-261-7777. Harborside Community Center Programs and Staff Relocate to Paris Street Adult Education Prog The BCYF Harborside Com- munity Center. located at the former Umana Barnes School (now the Umana Middle School Academy,) has long been an asset to the people of East Boston and surrounding communities who have participated in pro- gramming and activities at the Center. This summer, due to renovations at the Umana Academy facility, the Harborside Community Cen- ter programs and staff have relocated to the nearby BCYF Paris Street Community Center. In the fall, when the Umana Academy reopens, Adult Education Program- ming formerly offered at the Harborside will return to the Umana Academy facility but the rest of the former ram Will Return to Umana Facility in the Fall Harborside Community Cen- ter programs will remain at Paris Street. The Paris Street Commu- nity Center is located at 112 Paris Street and the phone number is 617-635-5125. The Community center is open Monday-Friday 9a.m. - 9p.m. and Saturday 9a.m. - 5p.m. The pool is open Mon- day-Thursday 9a.m. - 8p.m., Friday 9a.m. - 7p.m. and Saturday 10a.m. - 4p.m. All Harborside Community Cen- ter memberships, as well as any other Boston Centers for Youth &Families (BCYF) community center member- ships, will be accepted at the Paris Street Community Center. The Harborside pro- grams that will be run at Paris Street include: Harborside Summer Camp, After-School Tutoring, and the CHOICES After-School program. The Harborside Adult Edu- cation programs will con- tinue to run at the Umana Middle School Academy at 312 Border Street. The pro- gram is taking applications for English as a Second Lan- guage (ESOL) at the Paris Street Community Center. If you are interested in reg- istering for ESOL classes please come to the Paris Street Community Center and fill out an application. The Adult Education school year is scheduled to begin September 19th at the Umana Middle School Acad- emy. The Adult Education Programs include: English (Continued on Page 13) "'A Season of Peace" it isn't Again! "We urge anybody to speak up. There needs to be a public message of intolerance." A rash of recent shootings and homicides have rattled the communities of Roxbury, Dorchester and Mattapan. Many in the communities affected are hoping those frustrated by the ongoing vio- lence and bloodshed will voice a message of intolerance. Rev. Brown's TenPoint Coa- lition had kicked off its Sea- son of Peace just'before the Fourth of July holiday. Weapons of choice in this campaign include basketball games, peace marches and MBTA bus advertising. This is a regular summer cam- paign launched several years ago by a number of ministers with the African-American communities. Rev. William Dickerson from Greater Love Taber- nacle near Talbot Avenue added, "We have to encour- age people to get back to church because we are rais- ing generations of young people who do not have God consciousness and it is easy for them to have disrespect for life." Recently, the Moth- ers" for Justice and Equality held a rally for peace at a Mattapan playground. The Boston Globe ran a photo of the rally showing one young boy with his back to the cam- era wearing a tee shirt that read "IT'S NOT OK" which is a nice message but without action behind it nothing more than meaningless words. Capt. Richard Sexton, the C-11 commander said many of the killings are the result of gang activity and that "The first on (homicide-) we had was on April 20, so we went four months without a homi- cide, but we are experienc- ing a spike now. It's hard to put a thumb on (it) and say why now, but we're hoping that it will swing the other way soon. One resident told a reporter "There is a need for this call for peace .., because it's crazy and scary just to walk by and just to be around a lot of ar- Rev. Jeffrey Brown eas. "Another resident added. "People are seriously tired and the powers that be should be aware." The dream shat- tered sleep has awakened but too few as of yet have gotten angry enough to stand up for their communities. It is good to see the Black Church stand up for the com- munities impacted by the continuing violence. Minis- ters cannot hide behind the four walls of the church and people cannot hide behind the four walls of their homes. Rev. Brown says, "It has to be a community solution and a faith-based solution." He is so right. When I hear family mem- bers of those gunned down say, "My anger is not so much with the people that did this, but with the Mayor and the city". I can understand her pain and frustration but it isn't the fault of either the mayor or the Boston Police Department. As proactive the Mayor or the police commis- sioner can be, too often city officials and police can be only he reactive. You can de- ploy an army of cops out there on the streets of our warring neighborhoods and it won't stop the violence or mount- ing deaths. Recently, Boston City Councilor Charles Yancey called the Mayor and his ad- ministration "autocratic" and said-he believed the Mayor didn't get it when it comes to neighborhood crime." He then added, "We have too many murderers walking the streets of our city. I don't think there's a simple solu- tion. Working with the com- munity, partnering with young people before they get involved in gangs (The Mayor) hasn't made a strong enough commitment to the young people." I find his criticism of Bos- ton Mayor Thomas M. Menino to be unfounded and wonder (Continued on Page 15) iNORTH END00 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 m COMPETITIVE PRICES m 617-227-8929