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December 9, 2011     Post-Gazette
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December 9, 2011

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Page4 POST-GAZETTE, DECEMBER 16, 2011 peakin with Ben Doherty by sal Giarratani i THE DODD-FRANK BILL The Dodd-Frank bill could chill hiring in the private sector and fill the seats with thousands of bureaucrats. The bill was signed into law last year as the government was hiring thousands more bureaucrats and it resulted in the biggest rewrite of fi- nancial legislation since the New Deal. It was intended to reign in Wall Street excess, but the banking industry says red tape is hurting eco- nomic growth and an al- ready sluggish job growth environment with 29 mil- lion less jobs being created. Dodd-Frank has resulted in 2,300 pages of proposed and final rules which would ex- ceed the height of New York's Empire State Building five times over. One-fourth of the laws have gone into effect so far, yet have im- posed 20 million hours of paperwork on U.S. busi- nesses. It took an estimated 20 million man hours in con- tracts to build every iPhone. In the boom to lawyers, fewer loans get made. Banks have laid off thousands of people to raise revenue to net higher capital reserves man- dated by law. In the end it means fewer loans get made, it's a boon to lawyers and government workers and a cost to tax payers of 81.3 billion. It will eventually cost American workers un- til they can navigate through this maze of regulations and a loss of hundreds of thou- sands of workers in the fi- nancial sector. German Chancellor Angela Market and French President Sarkozy agreed to a Euro zone that requires members to ask permission rather than beg for forgiveness, but the proposal would take months to satisfy while the bond market can spike in hours or even minutes. That means the European Cen- tral Bank may have to start large-scale bond purchases to keep the debt crisis un- der control before countries have formally committed to any changes. The "Merkozy" deal and Italy's new auster- ity plan pushed yields down on Spanish, French and Italian bonds. US stocks rallied on the news and put 15 euro nations on credit, including AAA Germany and AAA France. That suggests a 50% chance of a downgrade within 90 days. Dollar General notched a new closing high in huge volume as Dollar General is breaking out of a fiat base. The retailer's earnings hit a new high in volume as it hoisted its full year outlook and breaking out of a fiat base. Analysts expect fiat earnings for the current quarter. It's time to call your Financial Advisor or call me at 617-337-5712. St. Agrippina's 17th Annual Christmas Program St. Agrippina's member- ship held its 17th annual Christmas Program for North End children on Sun- day December 1 1~h. The pro- gram, once again, was a huge success! Santa Claus arrived at St. Agrippina's Chapel via fire engine. There were many families anxiously waiting for his ar- rival, while holiday music played. Santa Claus took an individual picture with each child, gave him or her an age appropriate gift, a balloon and a gift bag filled with school supplies and candy treats for over 125 children. Santa's friend, Batman, made a special guest ap- pearance. Furthermore, the Saving Christmas Every year We go through this stupidity where the politically correct crowd re- fuses to recognize the impor- tance of the Christmas holi- day in America. According to the latest Gallup Poll survey, as many as 95 percent of all Americans reportedly sup- port the idea of acknowledg- ing Christmas at Christmas time. It wasn't always that way in America. Back in the 17th century Massachusetts Bay Colony, the Puritans in power outlawed Christmas as a pagan holiday. You could get jailed for saying "Merry Christmas." These puritani- cal religious folk called Christmas celebrations a plot by the Pope in Rome. It was their way or the high- way, which led many Catho- lic colonists to travel south to Maryland where Catholics had far more freedom of expression. Today, our politically correct crowd is the new puritans. They don't burn witches at the stake or pun- ish Catholics but they do seem to enjoy taking the joy out of life. Down in Rhode Island, Gov. Lincoln Chafee says a Christmas Tree is just a holiday tree. He even brings up Rhode Island founder Roger Williams to support his cockeyed view of Rhode Island history. Williams left Massachusetts because he refused to kowtow to the in- tolerance of Puritanism. Good old Roger Williams prob- ably didn't like Catholics ei- ther but if he were alive to- day, he probably would be setting up his own Christ- mas tree right now and in the public square to boot. One Tree at a Time Another sign of multicul- turalism amok is the exper- ience newspaper columnist and radio talk show host Michael Graham had dur- ing a visit to Friendly's Ice Cream. He noticed a "Santa Claus" hopping table to table wishing all a "Happy Holiday" even when customers wished him a "Merry Christ- mas." Graham" pushed "Santa" to wish him a "Merry Christmas" in return but Santa wouldn't budge. Po- litical correctness in this case was pretty stupid since you can't have Santa with- out Christmas. Even worse was the news out of Loudon County down in Virginia. This state, may be for lovers but not apparently lovers of Christmas. The county courthouse officials allowed a group of atheists to set up its own anti-Christ- mas display for the holiday calling it "Skeleton Santa on a Cross." The photo of this display seemed horrifying, merging Santa with a cru- cifix. The courthouse folks saw nothing wrong with this sick holiday display which appears on its face to be a hate crime but in the world of political correctness, lib- erals don't do hate crimes. Only everybody else does; ~ I long for the days when you could set up a nativity scene on the :Boston Com- mon across from the State- house or one along the old Jordan Marsh building on Summer Street in Down- town Boston. Sucking the joy out of life seems to be job number one for our evolving multicultural world which is really becoming anything but multicultural. Celtic Dancers and North End families waiting for Santa. Nicholas Larosa, Jr., sit- ting on Santa's lap. Boston Celtics Cheerleaders made a special visit to the program and added plenty of smiles and good wishes to the families of the North End. A very merry good time was had by all that attended. The Society would like 1~o thank the following for their support of the program: Councilor LaMattina, State Rep. Michlewitz, Knights of Columbus, North End Against Drugs, Green HOWABOUTA COPY OF... I this Christmas for authontic Italian ~shos? I A Tribute to Francena's Sicilian HeritageI and Her Beloved Nonna. I | ~ ~j~.,,~ Now expanded and enhanced in its 1 lth printing | ~~ with 10,000 copies sold. I $12.00 - HOLIDAY SPECIAL pay no shipping and postage. I [ \~ FRANCENA - 125 Boyce Road, Centerville, OH 45458 I I ,i ~ 937-433-7313 - I Cross Pharmacy, VFW Post 144 North End, A1 Dente's, Benevento's, Mangia Man- gia, Monica's, Rodman In- surance, Fisherman's Soci- ety, Bianco's Sausage com- pany, Millinium Cleaners, Carmen's Union, Balloons over Boston, Mike's Pastry, Umberto's Pizzeria, North End Fire Station, Hillside Press, Marina Ortega of the Boston Celtics, Post-Gazette and Patty Papa of the Mayor's office of special events. The members of St. Agrip- pina's Society are very proud of our Christmas Program for the North End children. Our members would like to wish everyone a safe and happy holiday. We thank ev- eryone for their participa- tion and we look forward to seeing everyone at our 98th annual feast August 3, 4, and 5, 2012. Viva St. Agrippina!t!