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November 18, 2011     Post-Gazette
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November 18, 2011
 

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_ Page 4 POST-GAZETTE, NOVEMBER 18, 2011 king Everyone is talking about tax reform in Washington, De. President Obama is call- ing for reforming the tax code so it will be simpler and one of the road blocks is Obamacare. The penalties for not buying coverage runs through the tax code the IRS says it needs more than a thousand new auditors and staff and $359 million in 2012 alone to administer Obamacare. Most returns focus on cutting special tax breaks that gum up the code and costs hundreds of bil- lions of dollars a year in lost revenue, Obamacare will narrow be the tax base due to the refundable tax credit which will take 8 million more people off the income tax rolls according to an analysis by the House Over- sight and Government Re- form Committee. Another goal is to improve the fair- ness of the tax code mea- sured by whether families with similar income pay the same amount of taxes. This could have a big effect on the costs of insurance for mil- lions of Americans. There is a question as to whether the IRS has the authority to col- OBAMACARE lect the penalties from those who fail to buy insurance as mandated by law. Software- maker Solarwinds advanced to a new high up 3%. The stock is up 18% past a $25 buy point. Advance Auto Parts rose 5% in triple its volume after topping esti- mates. On the downside Apple lost 2.05% in 30% fewer trades and the Euro dipped in value, estimates on iPad shipments the strong buy is buy. Top-rated stocks have some challenges in this choppy market. Nine stocks have triggered the 8% sell rule after breakouts. They are World Fuel Services, ARM Holdings, Opec Holdings and Omet Technologies. Some have bounced back to reduce their loses, others have not rallied. Jobless claims are at seven month lows. New fil- ings for unemployment fell by 10,000 last week was 390,000, the lowest since April. The data suggest the number of people who con- tinue to get claims were 92,000 to 3.6 million, a 3 year low. This suggests im- provement in labor markets, but still no hiring. Stocks All the glory that was Rome ..... Pompei CAFF(: Po P[I TEL. 617-227-1562 FAbC 617-74-2-7927 Bistro * Beer * Wine uon JY'atale NORTH END ATHLETIC ASSOCIATION presents the 41st Annual 2011 NORTH END CHRISTMAS PARADE SUNDAY, DECEMBER 11, 2011 1:00 P.M. Merry Christmas SEE SANTA CLAUS ARRIVE AT NORTH END PARK BY HELICOPTER AT 1:00 P.M. In case of bad weather, Parade will be held the next Sunday, December I8th IN ASSOCIATION WITH The Nazzaro Center North End Against Drugs Mayor's Office of Arts, Tourism and Special Events Merry Christmas with Ben Doherty closed higher in weaker trades, as investors remain cautious about European debt crisis. Winners beat losers by 2-1 on the NASDAQ and 3-2 on the NYSE. Italy's yields fell to 7%, Lucas Papademos of Greece. France is in danger of losing its AAA rating and its yields are rising. In the week, good results are forecast for Dol- lar Tree, SalesForce.com, and Questor Pharmaceuti- cals up 30% for a $32 buy point. Italy lost its prime minister. Prime Minister Silvio Berlusconi is stepping aside for an emergency gov- ernment led by Mario Monti. Yields fell for two days after spilling over 7%. Greece tapped Lucas Papademos to be Prime Minister and lost its AAA rating and the Euro rebounded and tapped Lucas Papademos as head of Unity Government for Greece. Yields tumbled for two days after spiking over 7% yield. It's time to call your Financial Advisor or call me at 617-337-5712. "Happy 3'd Proud Grandparents Lino & Enza Rullo The POST-GAZETTE newspaper is a paper of general circulation. We are qualified to accept legal notices from any court in each town that we serve. For information on placing a Legal Notice in the POST-GAZETTE, please call (617) 227-8929; or mail notice to: POST-GAZETTE P.O. BOX 135 BOSTON, MA 02113 Attn: Legal Notices by Sal Giarratani V / When it Comes to GPS-Tracking: CALL ME A LIBERAL The U.S. Supreme Court will soon decide whether high tech tracking by police is such an intrusion on people's lives that police need to obtain a warrant before attaching a GPS de- vice to a person's car. The case started to be heard on November 8 will test law enforcement's use of the lat- est technology (constant sur- veillance) to fight crime as it raises the specter of George Orwell's Big Brother government knowing one's every step. GPS tracking lets law enforcement engage in surveillance 24/7 over a prolonged period of time that could never be equaled by traditional law enforcement tactics. The US Court of Appeals in Washington, DC ruled that the 4th amendment protec- tion against unreasonable searches and seizures re- quires police to get a war- rant before affixing a Global Positioning System device to a motor vehicle. US Appeals Court Judge Daniel Gins- burg wrote in the ruling that the US Supreme Court will take up, "A person who knows all of another's trav- els can deduce whether he is a weekly church-goer, a heavy drinker, a regular at the gym, an unfaithful hus- band, an outpatient receiv- ing medical treatment, an associate of particular indi- viduals or political groups and not just one such fact about a person, but all such facts. The US Justice Depart- ment had appealed the' warrant requirement argu- ing that drivers do not expect their movements to be kept quiet. According to US Solicitor General Donald Verrilli, police officers aren't conducting a search when they observe things con- ducted in public. This case has a chance to be a ground breaking decision over the dispute of using new tech- nologie~garding police tactics i~ the future. The case in question involves a Washington, DC nightclub owner who was investigated in a drug traf- ficking case. Over a dozen 'friend of the court" briefs have been filed by numerous groups and includes Roger Eaton, 90, regarded by many as "the father of the GPS." Lawyers for Eaton say, GPS tracking is done in such con- tinuous fashion that it can- not be compared to beepers and other electronic surveil- lance tactics previously reviewed by the US Supreme Court. However, one group, the New York-based Center on the Administration of Crimi- nal Law, see the cost ben- efits of GPS devices in tough financial times. They think it is far cheaper to use a GPS than have agents following supposed bad guys around. This group further states using a GPS is on solid con- stitutional ground because the information revealed was observed in plain sight. The US Justice Department is seeking the high court to re-instate the drug con- spiracy conviction of a per- son who was tracked with a GPS device over four weeks in 2005. Federal agents had secretly placed a GPS on the car of. The suspect while it was parked in a public lot and then used the evidence from the suspect's travels to a stash house in Maryland to help get a conviction in court. Large amounts of cocaine were found in that house and some $70,000 hidden inside the Jeep vehicle. Solicitor General Verrilli is urging the Court to rely on another 1983 Supreme Court ruling that a beeper was not a search under the 4th amendment. The lower court in this case today said that a month long detailed tracking could not be con- sidered "public" in the usual sense of the word. Be- (Continued on Page i0) # RISTORANTE & BAR Traditional Italian Cuisine Donato Frattaroli 415 Hanover Street, Boston, MA 02113 617.367.2353 -- Open for Lunch and Dinner Daily -- Private dining rooms for any occasion donato@luciaboston.com www.luciaboston.com J