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September 2, 2011     Post-Gazette
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Page 4 POST-GAZETTE, SEPTEMBER 2, 2011 by Sal Giarratani  ) APPLE CHANGES MANAGEMENT AS STEVE JOBS RETIRES If there were a Hall of Fame for winning stocks, Apple would be inducted. Steve Jobs would be their most valuable player. Apple's share price has climbed 6.2, 60% from a low on April 17, 2003, as it engineered its turnaround from the wreck- age of the tech bubble. The gain puts Apple in a league with the great growth stocks of the past three decades, along with Cisco, Microsoft and Walmart. Under its charismatic leader starting with the iPhone, iPod and with straight PC's and laptops, its 2003 earnings were .10C/share and earned FPS of $27.43, according to Thompson Reuters, who un- derestimates its potential each year. Apple rival Exxon Mobile is the world's biggest company, yet posts quarterly earnings like a new issue. Earnings in the latest quar- ter were up 12.2% for the last year and revenue jumped 82%. The price earnings ratio at 14 from a January 2009 low, stock fell less than 1% despite the loss of its all- star CEO. Cisco went public in 1990 and climbed 3.180% before falling in a serious correction 54% in 1994. It looked like it was alone, but its innovative spirit still burned brightly and the stock climbed another 7.755% before correcting in 1994, 54% it looked like it was done, the stock then climbed 7.78% before peak- ing at 7.785 % before topping in March 2000. Innovation drives growth and if Apple can maintain its competi- tive edge under its new CEO Tim Cook, it may find new life as Cisco did. In the past three years the United States has granted over 620,000 patents, al- most as many as in the 1980s. Economist, Everett Ehrlich found that reform could create 100,000 new jobs. Cutting this patent backlog could yield 675,000 jobs. The United States needs about I00,000 new jobs a month juat to keep up with labor force growth, more patents don't always mean more jobs. In the past three years the United States has granted more than 620,000 more patents, almost as many as the booming 1980s. The first person to invest something is the rightful owner, even if someone else flies first. Some dent in un- employment is seen as Con- gress sends a final bill to President Obama soon, but any dent in unemployment is still to be seen. Federal Reserve Chair- man, Bernanke, in a speech said that the recovery has been much weaker than ex- pected. The Fed will not act now but will in September if employment doesn't im- prove. He said the recovery has not improved and is weaker than expected. He offered no new stimulus but left the door open for future stimulus. The Fed could use a range of tools, but gave some hope of future actions. He said that the September meeting could be extended two days to allow further discussion. Bernanke expects a mod- est recovery to continue with the doors open to new stimulus. The S&P 500 and the NASDAQ rose 1.5%. The 10-year U.S. treasury yield fell two basis points to yield 2.21% off its lows. The government reported a 1% rate of growth in quarter two. The manufacturing activity is slow and unem- ployment is growing with housing weakening and inflation picking up the past year. The GOP has lifted bond and commodity prices. Opposition is turning on the printing press again making policy makers less eager now. They expressed concerns that ultra loose monetary policy could cause inflation and cause asset bubbles. It's time to call your financial advisor or call me at 617-337-5712. PGA TOUR Star Hunter Mahan, Mayor Thomas M. Menino & Sun Life Financial Hit the Links in the Drive to End Alzheimer's on Boston Common Mahan to Take on Local Media Personalities in 30-yard Chipping Challenge; Public Invited to Tee OffaL Community Golf Festival to Raise Funds and Awareness for the Alzheimer's Association PGA TOUR star Hunter Mahan and Sun Life Finan- cial host the Drive to End Alzheimer's on Boston Com- mon Parade Grounds, (cor- ner of Beacon and Charles Streets) across from the Public Garden on Tuesday, September  II :30-a.m.- 2:00 p.m., a open-to- the-public event featuring interactive golf games, activities and contests for the local community to benefit the Alzheimer's Association. Golf activities include: Three mini-golf courses Age-appropriate golf tar- get challenges Interactive golf video games and more! Participants are eligible to win prizes including tickets to New England Patriots and Boston Red Sox games, a custom Ping golf club, memorabilia signed by Hunter, Sundog Eyewear and a meet-and-greet with Mahan. b.good, Kickass Cup- cakes, Lincoln Street Cof- fee, Polar Beverages and Redbones will also be on pling. A portion of vendor proceeds benefit the Alzheimer's Association. The event culminates with a 30-yard chip-shot challenge featuring local TV and radio personalities and Boston Mayor Thomas M. Menino testing their short game against Mahan to raise funds for the Alzheimer's Association. PGA TOUR Professional Hunter Mahan; Boston Mayor Thomas M. Menino; local media personalities Chris Collins (NECN), Bob Halloran (WCVB-TV), Kristine Leahy (WFXT-TV), Rhett Lewis (WHDH-TV), Dan Roche (WBZ-TV) and Randy Scott (NESN); Sun hand to. rovide food_and__L_ife .... Financial's .... M_ike P. ...... beverage vending and sam- Shunney and executives; Alzheimer's Association President and CEO of the Massachusetts/New Hamp- shire Chapter Jim Wessler and executives; community youth groups including Dorchester Youth Collabo- rative and more. ST, JUDE AND ST. ANTHONY NOVENA May the Sacred Heart of Jesus be adored, glorified, loved and preserved throughout the world now and for- ever. Sacred Heart of Jesus pray for us. St. Jude, worker of miracles, pray for us. St. Jude, help of the hopeless, pray for us. St. Anthony, most loving protector and wonder worker, pray for us. Say this prayer 9 times a day and by the 8th day your prayer will be answered. It has never been known to fail. Publication must be promised. My prayers have been answered. Favor received. A.T.P. ST, JUDE AND ST, ANTHONY NOVENA May the Sacred Heart of Jesus be adored, glorified, loved and preserved throughout the world now and for- ever. Sacred Heart of Jesus pray for us. St. Jude, worker of miracles, pray for us. St. Jude, help of the hopeless, pray for us. St. Anthony, most loving protector and wonder worker, pray for us. Say this prayer 9 times a day and by the 8th day your prayer will be answered. It has never been known to fail. Publication must be promised. My prayers have been answered. Favor received. V.F. Worry-free Living is Closer Than You Think? Riding through the messy rotary at Sullivan Square in Charlestown, I passed a van with the above motto on it, minus the question mark. I laughed reading it. "Worry- free must be that place cre- ated by Fred Rogers for his Neighborhood of Make-Be- lieve." In the real world, I think there is no such place or idea. Worry is a part of our daily routine. Sometimes it might just be not hearing the alarm clock, waking up late, rushing to work and catching every red light be- tween here and there. Someone recently gave me a quote that everyone should get a chance to read. One easy sentence and twelve words long, "You can- not change your life until you decide who you are." How many of us never really know who we are or what exactly we are capable of doing if a situation arose in our lives. Sometimes we find ourselves crawling into the debris of our own memo- ries. Looking back to a dif- ferent time and place when a major life-changing event took place in our own per- sonal space. Too often we assume that lonely people are lonely all by themselves but the real lonely people are those living in a crowd with others. We are all like ships passing each other through- out our lives. The other day while standing out at the furthest point at Piers Park in East Boston, I noticed all the big and little boats crisscrossing the harbor. Some passed each other very closely. Others stayed far apart from each other. Some were headed in the same direction. Others headed in opposite direction. Aren't we like these water vessels traveling across life afraid to get lost or, maybe, wet? Wouldn't life be easy if ev- eryone were in sync travel- ing together on this life's journey? Wouldn't a worry- free life be great? Some folks like going on cruises and we think only happy thoughts. However, don't we look to see where the lifeboats are too? Most of us won't drown in water but we can drown in our own fears and shortcomings. We can drown if we like our wor- ries control our destinations in life. Every so often, it is good to go up into the attic inside our heads, search through the crawl space and learn from our memories instead of living in fear of them. It gets depressing to hear of folks you know dying on us and especially when these lives seem so young and pre- maturely taken from our midst. Everyone should live to be 100 years old and pain free, but it rarely works out that way. Most of us meta- phorically never quite make it out of here alive. By being alive I mean knowing who you are and what your life purpose has been. Some people are lying in their deathbed wondering what it was all for. Others understand that life is shar- ing both the good and bad times with others and loving rather than hating. If we were really living worry-free it would mean we weren't learning any les- sons about who we are or what our purposes are dur- ing our time here. To worry is to live. Not worrying means sliding through life evading the real important questions to be answered. Life too often can be like circling around Sullivan Square without purpose. Are we going somewhere or just circling around aimlessly? To pass through Sullivan Square is to be headed somewhere else. If we are not heading someplace and worrying how to get there, we could just ride our life in endless circles. 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