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October 28, 2011

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Page 74 POST-GAZETTE, OCTOBER 28, 2011 ITUIklVIKI/00/000000-00\\; 1 FinanciallySpeaking " /'! with Ben Doherty '  by Sal Giarratan ..__IM EBAY FALLS AS IT GIVES CAUTIOUS Q4 OUTLOOK Who is the Most Electable Last week EBay posted its traffic on in Q3 bution to shareholders. GOP Conservative Running this Year? biggest sales growth in four years, but its outlook for this quarter lagged, analysts said. GSI takeover and PayPal helped EBay to 82 bil- lion or 32% from the year's earlier quarter. The e-com- merce company was down about 4% on the disap- pointed evidence. Its PayPal and GSI business helped EBay hike sales 32% from last year to $583 billion. Analysts expect 82.91 billion. GSI contributed $202.6 mil- lion in revenues during Q3. Per share profits rose 20% to 48.4. Profits at EBay rose 20% to 48C/share. PayPal revenue surpassed $9 bil- lion for the second quarter and revenue rose 32% to $1.1 billion. The company expects to earn 55-58¢/ share in Q4, below forecast for $3.3 billion based on a stronger Euro. PayPal is expecting strong growth. The Euro ended the quarter with a loss against the dollar in the wake of Europe's debt crisis. Mobile is definitely a hot button for EBay as Mark Mahoney wrote in his report on October 10 th that U.S. rose 5% versus a 6% decline in Q2. Abbott Labs to split into two companies. It will keep the 123-year-old Abbott Brand. The process that brought in Humira, the blockbuster drug used to treat Rheuma- toid Arthritis and Crohn's Disease, Psoriasis and other autoimmune disorders with around $8 billion in annual sales. Humira provides more than 20% of Abbott's revenue and is a large R&D revenue subdivision within the firm. Abbott is #1 in branded ge- nerics in India but does not sell them in the U.S. The drugmaker will be flat until 2015 when its pipeline of new drugs kicks in. Morningstar analyst Damien Conoyer says the drugmaker's growth for the two firms is about the same. Abbott beat analysts' estimates for the 3 rd quarter. Sales rose 13% over last year to $9.8 billion vs. analysts' views of $9.6 billion. Profits grew 12% to beat views by penny. Generic drugs rose 12% to 22.6%• Humira sales gained 25.7%. The spinoff will be realized by a distri- Housing starts in Septem- ber increased more than expected. The NASDAQ sank 2%. The NYSE reported strong growth surged 34.86% to 417.62 or 4% above its 402 buy point. Volume jumped 224% above average. After the close the shares of American Express, EBay and Wynn Resorts fell lower. Housing starts soared 15% in September, at the fastest pace in 17 months on de- mand for multi-family struc- tures. Single family home starts grew 1.7% but permits for future construction fell. Mortgage applications fell last week as demand for loans sank to the lowest level in 15 years despite low interest rates. Higher costs are being passed on to con- sumers at the retail level. The 10-year U.S. Treasury Bond fell 2% to 2•16%. 50,000 people converged in At:hens and disrupted public transportation and shut down shops and schools dur- ing a two day strike. It's time to call your Financial Advisor or call me at 617-337-5712. BAKER-O'TOOLE RACE A DOOZEY by Sal Giarratani Dorchester is about Catholic parishes and families• Candidates always run for a united neighborhood but races are usually run neighborhood ver- sus neighborhood. This year's District 3 race is no different• It's Savin Hill-Columbia Frank Baker versus Neponset and Cedar Grove. Do you live in St. Mark's, St. Brendan's, St. Gregory's, St. Ann's or saint-something- else? Politics is still nuts and bolts and get out the vote. Even over at the Boston City Paper, you can see the real Dorchester at work. Paul Feeney is with his old friend Frank Baker and I'm with my friend John O'Toole. When it is all over Paul and I will continue to be the best of friends no matter who wins or loses because we've always been friends. On Sunday, the 23 rd, I did a "drop" for O'Toole over at "the Point", as Port Norfolk is commonly to as. It is a quaint little urban village and almost island-like on the other side of the Expressway. There's about 250 or so regis- tered voters and 95 percent of them al- ways vote. Politicians all love these folks. Dorchester is still a John O'Toole great political place. I had an uncle, Nea/ Harrington, who was very active in his Upkams Corner neighborhood. Back in 1979, be was working the neigh- borhood for Joe Timilty running against Mayor Kevin White. My uncle didn't just reside in his neighborhood, he lived in his neighborhood. He was involved in his neigh- borhood. I lived in the Clam Point section of Dorchester for a while and saw this politi- cal activism up front and personal. In the end, no matter who wins, sides join up together again for the betterment of the entire community. That's Dorchester! MIO EDIFICIO VALE? I dati sono stati collezionati da un agente che conosce la zona. Quando: Giovedi' 3 novembre, dalle 6:00 alle 8:00 pm Dove: Ufficio di Elite Boston Landmark Realty 350 Commercial Street, Boston, MA, 021.09 Vini e Formaggi Si prega di far pervenire le adesioni entro giorno 28 Ottobre, contattando i numeri di telefono 617-227-1000 o 617-523-5400 Per tutti coloro che non dovessere essere in g, ran- do dipresenziare alrevento, si prega di telefonare per analisi individuali. Taduttore italiano: L'awocato Alba Doto Baccari sara' presente all'evento. Ospitoto do Toni Gilordi ond Morio DiTullio MY BUILDING IS WORTH WHAT? Join us for Wine and Cheese at our office to discuss the value of your building. Get the facts from local real estate brokers who KNOW their neighborhood. Thursday, November 3, 2011 From 6-8PM 350 Commercial Street, Boston, MA 02109 RSVP By October 28, 2011 Coil 617-227-I,000 or 617-523-5400 If you are unable to attend feel free to call for a private analysis of your building. Attorney at Law and Italian Translator Alba Doto Baccari, will be present to assist you as well. Hosted By Toni Gilordi and Morio DiTullio EL1TE BOSTON LANDMARK REALTY If you listen to talk radio or watch the Fox News and Fox Business channels, the above is a question being asked more and more as we move closer and closer to the primary season, which is getting earlier and earlier. Many think Mitt Romney is that presidential candidate. However, others think he's not as strong or principled to beat Obama in '12. Jay Severin from Talk 1200 Boston thinks Mitt Romney is the most electable con- servative running this year. He doesn't see Herman Cain as a viable winning candi- date. Fox's Bill O'Reilly thinks from the answers Cain has been giving to defense and foreign policy questions, the idea of his candidacy is troubling. The Las Vegas debate is now history with all the candidates jumping all over Cain for his 9-9-9 plan. The rest of the GOP pack opposes his idea and Cain responds back by saying they don't understand the plan. When the debate ended every- one was still in the same place as they were when it started. I had high hopes for Rick Perry. I still agree with O'Reilly on Cain. However, Romney sounds good but where is the energy and pas- sion like Reagan had back during his era? If it comes down to choos- ing between Cain and Rom- ney, I'm not too sure either could beat Obama, who has to be the best junk salesman ever to live at the White House. We need a Reagan and all we have are junk boxes running for election selling stuff no one seems to understand. I personally didn't like Romney as governor. I think you never quite know what his core values are since they seem to change with election cycles• Today, he sounds like Reagan but back when he ran for U.S. Senate he was trying to out- Kennedy Ted Kennedy. Which is he? Finally, and this is a killer. Up in New Hampshire recently on the campaign stump, Ro'mney started us- ing the "Occupy'" terminol- ogy talking about being for the 99% crowd. He's borrow- ing their words and using the Occupados' mantra. He should be talking about the 47% who pay no federal in- come taxes. He should be talking about the 48.5% who have become tax consumers rather than tax payers. Those pulling the wagon are be- coming fewer and fewer. If this keeps up the Republi- can Party won't have a con- stituency. We will have 50 blue states and Puerto Rico, too. George W. Bush could even become the last Repub- lican president. I'm not kidding. Pat Buchanan is looking more right every day when he addressed the Republi- can convention 19 years ago in Houston and said the nation was heading into a cultural war. The war seems here today both over culture and politics. Like any war, there will be winners and losers. Liberals are talking just like the Occupy pro- testers about redistribution of wealth. We must make the rich poorer in order to make the poor richer. Is the final chapter in the rise and fall of America upon us? When those American pa- triots dressed up as Indians and dumped tea into Boston Harbor, they did it for both personal liberty and eco- nomic freedom. They didn't dump tea to get free stuff. They didn't dump tea to party around. The America I was born in is slowly disappearing into mobocracy of the West. Look around the world, America isn't alone in this free-fall. Take a walk down to Dewey Square, the future could be here already. God, isn't that a horrible sight. 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 publisher or editor. Photo submissions=re accepted by the Postjte provided the are clear, l photos. There is a $5 charge for each photo submitted. Photos cn be via e.aII: tte@aoLcom. If Mou want gout