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October 7, 2011     Post-Gazette
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Page 4 POST-GAZETTE, OCTOBER 7, 2011 king with BenDoherty NEW Amazon took on Apple's popular iPad proving that by unveiling a competing oper- ating system and weighing less than a pound. Amazon's founder and CEO Jeff Bezos says he is making millions of these. They will ship the Kindle Fire on November 15TM. He also introduced an e-Reader for 8149 and a pocket-sized Kindle that sells for $79. It will rival Barnes & Noble's Nook e-Reader rather than the iPad. It's not an iPad killer but has the potential to be a Nook killer said Neil Mawson of Strategy Analysis. The West Texas crude oil dropped 4% and gold dropped 2% with wheat and copper dropping 3% and 7%. The NASDAQ is contained within a volatile 2300-2600 range and the S&P is stock mostly in a 1120-1220 range. Break- outs in recent months have made 1.116 progress rising 6-12% before fading. The lessening of Europe's debt mess suggests that cash is the best option for your capi- tal. Bears showed rising fear and the bearish markets rose to 40.9% of a survey COMPETITION FOR IPADS versus 376% for the bulls. The Nelson's Solar 3-D aims to get more electricity from sunlight by bouncing it inside a 3D solar cell. Sun Power competes with high efficiency solar model. It produces with joint ventures in South Korea, the Philip- pines and Malaysia. It also uses contract manufactur- ers in China, Mexico, Poland and California. China makes 60% of the world's solar cells and competes on quality as well as price. Solar modules ran for $7.50/watt a few years ago but subsidy cuts slashed demand and prices dived to a $1.30/watt. With the potential defaults of other troubled countries including Portugal, Ireland, Spain and Italy, Germany has been pressing private bondholders including banks to voluntarily re-invest Greek debt into new long-term debt and take a 20% loss. German officials are push- ing for a 50% haircut. It has been a slow moving crisis and what get markets Behrave, chief economist at IHS Global Insight. "Europe is heading for a recession and Germany will not be immune," he said. German voters are key as Merkel has lost a series of elections within the German elector- ate. A growing number of analysts believe European leaders will allow Greece to default once capital buffers for banks are in place. Kick- ing Greece out of the Euro- pean community would be a run in the other countries, and an inventation to specu- late over whose next. To make up for lost rev- enue banks will likely pres- sure Visa and MasterCard into cutting network fees they pay to them for primary pin debt transactions. Indus- try observers say Bank of America plans to charge customers extra fees and produce extra volume to the bank. It makes it harder for a new competitor to come into the market and offer a new product. frustrated. Faltering growth It's time to call your is making Eu'rope's debt financial advisor or call me crisis worse, says Norman at 617-337-5712. Happy Columbus Day CO-OPI=RATIVI= 41 9 Broadway Everett, MA 02149 www.evereltDanK.com Member FDIC Member SIF FREEDOM FOUNDATION Joseph V. Ferrino,/I/~T. Fonnder/~ec. Director Joseph Ferrino, Jr., President Law Offices of David Grossack, P.C. of :he Year" 1999 Massachusetts Lawyers Weekly Personal Injury Law Automobile Accidents Wrongful Death Claims Assault Due to Poor Security Victims of Drunk Drivers/Alcohol-Related Injuries Divorce Landlord-Tenant Disputes Civil Litigation of All Kinds Business Problems David Grossack is nationally prominent for his innovative approaches to client problems and for numerous cases which are now in the law books. See No/let v. Trial Court 83 E Sup. 2d 204, United States v. The Building lnfibector of America 894 F. Supp. 507, and Sinai v. New England Telephone 6 BNA IER CAS 56. For more information, visit www.grossack.com or call now! by Sal Giarratani Francona Departure Not Unexpected, Who Can Clean Up the Mess? Terry Francona's ride off into the sunset was hardly unexpected after the Red Sox fell apart in September. There was apparent disorder in the clubhouse. Francona, a players' manager, did the best he could with the over- paid cast of characters he was given to work with. He quit seemingly just before getting the ax. He probably couldn't wait to get the %&* out of here. He will land safely somewhere. It is ru- mored either the White Sox or Cubs are eyeing him. I wish him well. However, I do think his style as manager may have worked in previ- ous seasons but the current team showed a total lack of respect for him and really did quit on him if you look at the 7-20 September win-loss record. For a while, it looked like many players couldn't find their way out of a paper bag. They were toast for most of September and should be ashamed of the way they played as a unit. Former Red Sox outfielder Bay. From what we hear it wasn't like that in Boston this year and I'm not close enough to know why it wasn't." Apparently, this 2011 team was far removed from both the 2004 and 2007 World Series champion teams. Francona's manage- rial style which once worked couldn't apparently make a dent into this year's team members. The question now comes down to who do the Boston Red Sox bring in to fix this mess. Names have been thrown around like Dave Martinez, the current Rays bench coach. Others being mentioned are Tony La Russa whose contract with St. Louis is up this season. Another name being thrown around is Mike Pagliarulo who grew up in nearby Medford. Currently, he is a scout for the LA Angels. Back in his playing days he played third base for both the Yan- kees and Pirates. Finally, there is my choice Johnny Damon said it best of Bobby Valentine who is recently on both the team tough as nail~ when it and its manager, "He'll al- come8 to managing a baa0- ways hold a special place in ball team. Currently an my heart. I know that Tito ESPN analyst, he has 15 had the right group of play- years managing both the ers together at that time (2004) and he didn't need to were a little crazy but in that clubhouse and on the field, we went all-out and we had fun together as a team. That's what it's all about. We were together and we really cared about each other. It's like it was on the Yankees and how it is here in Tampa Rangers and Mets, plus a couple more seasons in Ja- r~l[l. When you think about the perceived country club at- mosphere this year and with Beckett, Lester, Buchholz and Lackey making $43 mil- lion in 2012, they need to start earning their bloated (Continued on Page 11) Celebrate Columbus Day with a special recipe from my cookbook My A Tribute to Francena's Sicilian Heritage and Her Beloved Nonna. Now expanded and enhanced in its 1 l th printing with 10, 000 copies sold. $12.95 - pay no shipping and postage. FRANCENA 125 Boyce Road, Centerville, OH 45458 937-433-7313 - fslyd@aol.com Happy Columbus Day! CREDIT UNION !ii Meeting Members' Financial Needs for.aver87 years! .firstprioritycu.com East Boston, 25 Dorcheste> Aven ue o 2oS ::