BUSINESS
S A T U R D AY
OCT
2010
23/
24
PA G E 23
WEEKLY
RECAP
.........
쒆쒆쒆
OF BUSINESS NEWS
DOW NASDAQ S&P 500
Close: Close: Close:
11,132.56 2,479.39 1,183.08
Weekly Weekly Weekly
Change: Change: Change:
+69.78 +10.62 +6.89
MORE STOCKS on PAGE 27
NORTHEAST UTILITIES
IS MERGING WITH NSTAR
The largest electric utility in
New England is getting even
bigger: Connecticut’s
Northeast Utilities plans to
scoop up NStar, its smaller
counterpart in Boston. The
deal is being billed as a
merger of equals that would
leave NStar CEO Tom May in
charge of the company, and
make NStar’s Boston office
one of Northeast Utilities’
two corporate headquarters.
LAKEVILLE REJECTS
SYSCO WAREHOUSE
Lakeville voters rejected a
zoning change that would
have opened the doors for
Sysco to relocate its giant
food warehouse to the town
from Norton. Now, leaders
in several other communities
in Southeastern
Massachusetts such as
Middleboro, New Bedford
and Freetown are lining up.
They’re trying to lure Sysco’s
jobs and property taxes – as
well as its truck traffic – to
their respective hometowns.
GROUP SAYS IT WILL BID
ON BOSTON GLOBE
A year after The New York
Times Co. decided it would
take The Boston Globe off
the market, a new bidder is
back with a new group of
investors. Entrepreneur
Aaron Kushner of Wellesley
says he is putting together a
bid on behalf of 2100 Trust,
a new company that he
runs, for The Globe and its
sister paper in Worcester,
The Telegram & Gazette.
Marylou Sandry
owner of Marylou’s
Coffee shop chain
MARYLOU’S EXPANDS
INTO RHODE ISLAND
Marylou’s Coffee is going to
bring some pink to the
Ocean State now that the
Hingham-based coffee chain
is brewing up plans for a
Rhode Island expansion. The
five new stores would open
in Shell stations over the
course of a year, starting
next month. The company
already runs 25 shops south
of Boston.
STORE/SCHOOL FOR
PARENTS IN HANOVER
The longtime hunt for a
South Shore space is finally
over for Isis Parenting. The
Needham-based business –
which runs boutique baby
goods shops that double as
parenting classrooms – is
putting the finishing touches
on its fifth location, which
will open in Hanover. South
Shore Hospital has signed on
as a referral partner, and
many of the hospital’s
parenting classes will move
to the new store.
I N DEX
Calendar 28
CD Rates 27
Checkout Lane 26
Funny Business 25
Mortgage Watch 27
Regional Stocks 27
Your Money 26, 27
Movers & Shakers 28
Regional Roundup 25
I Christa Larson and her son Andrew Thomson, 18, with their dog Lucky, at Silver Brook Farm, a 40B development, where they’ve lived since 2002.
Silver Brook Farm, Norwell
EXIT 13
NORWELL
53
3 Brook
Hanover
la nd Mall
Wood .
Sou
Dr
HANOVER
Mill St.
1/8 mile
Developer: Wight & Co. of Woburn
Project: 38 single-family detached condos
Year Built: 2002-2003
Market-rate homes: now listed for $580,000
Affordable homes: sold for $136,000 in 2002
Impact: Negligible impact on police, fire and
school departments, town officials say
40B
WORTH THE
PRICE?
FIRST OF A
FOUR-PART SERIES
N.E. politicians, businesses need to cooperate more
N
Star CEO Tom May and Chuck
Shivery, May’s counterpart at
Northeast Utilities, must have
found something good about
working together on plans to lay down a
$1.1 billion transmission line into New
England from dams in Quebec.
After all, the two executives eventually
agreed to a much bigger partnership:
They unveiled a deal on Monday that
would fold Boston-based NStar into NU
while putting May in charge of the new
company. It’s hard to know the full im-
pact the merger will have on consumers.
But the bigger company probably will be
more able to address some of New Eng-
land’s energy issues than either NStar or
Hartford-based NU on their own.
The merger highlights the need for po-
litical and business leaders to move be-
yond parochial interests and recognize
GLEE GONE WILD
Racy GQ pics strike
a sour chord with some
fans of the show
E N T E R TA I N M E N T 2 9
BALLOT QUESTION 2: AFFORDABLE HOUSING
AMELIA KUNHARDT/THE PATRIOT LEDGER
BUILDING
NORWELL
Map
area
OPPORTUNITIES
Silver
Farm
t.
th S
Silver
Brook Ln.
THE PATRIOT LEDGER
Norwell project shows ABOUT
THE SERIES
how state affordable On Nov. 2, voters will be
housing law can be asked whether to repeal
Chapter 40B, a state law
that encourages the build-
effective in the suburbs ing of affordable housing.
This series examines what
critics say are the short-
comings of 40B by looking
at the experience of four
communities with 40B pro-
By Steve Adams dominiums on a winding cul-de-sac. jects.
THE PATRIOT LEDGER Projects like Silver Brook Farm would TODAY: Single-family con-
NORWELL become much tougher to build if voters ap- dos in a quiet Norwell
prove Question 2 on Nov. 2. The referen-
C
neighborhood
hrista Larson was navigating a
troubled period in life when a dum, which is being pursued by critics
MONDAY: Pembroke’s
chance to buy a home at the new
Silver Brook Farm development
who argue Chapter 40B allows for exces-
sive development, would repeal the 41-
year-old law.
biggest apartment complex
TUESDAY: Abington expe-
in Norwell offered a beacon of
To take advantage of Chapter 40B, rience shows the need for
hope. Undergoing cancer treat- 40B housing
ments and reeling from the break-up of her which allows developers to sidestep local
zoning limits in most towns, Silver Brook WEDNESDAY: Some nega-
marriage, Larson applied in 2002 to buy
one of the affordable units for $136,000 at Farm developer Wight & Co. of Woburn tives in Stoughton with an
set aside 25 percent of the units for people unusually high number of
the new development built under Chapter 40B projects
40B, a state law created to encourage the earning less than the region’s median in-
come. Some of the market-rate homes sold
construction of affordable housing.
“I struggled with some hard times, and for more than $600,000 in 2006.
this is my little piece of heaven, as we call Asking prices have since come down,
it,” Larson said. but the development is holding up as well
Set on a 27-acre tract west of Route 3 as most in the current real estate market,
and south of the Hanover Mall, Silver
Brook Farm contains 30 single-family con-
HOUSING/PAGE 24
ly get an earful about a wide-range of is- rail corridor from New Haven to Spring-
sues that affect the entire region. field (and further north). But New Eng-
Energy: Power prices are unusually high land’s relatively small prize in the Obama
here, a major factor behind the demise of administration’s recent high-speed rail
any number of manufacturing sites. At least sweepstakes is a sign that more can be
we’ve come a long way from the rolling done to strengthen our case for federal
MASS. MARKET
. ....................... funding. Brett says the council will try to
blackout scare of January 2004: With addi-
JON CHESTO tional power plants and the economic slow- bring together the region’s governors and
down in recent years, the availability of elec- congressional delegation to address the
issue after the elections. Hailer would al-
the importance of taking a regional ap- tricity at peak times for New England is no
proach on a number of issues. longer a pressing problem. But solutions are so like to see more cooperation among
the operators of the regional airports and
The fact the NU-NStar deal was an- still needed to address the cost of power here
nounced on the same day of the New – and our utilities’ need to find more Boston’s Logan Airport.
England Council’s annual dinner (Shiv- sources of renewable energy. That transmis- Gambling: Can New England support
ery was one of the honorees) was a hap- sion line to Quebec probably won’t be the another casino? Most likely. Can New
py coincidence. The council is the rare last time you’ll see New England utilities England support all the gambling facili-
example of a broad-based business ties being considered right now? Probably
working together.
not. Instead of racing to try to keep ahead
group that champions the region’s inter- Transportation: It’s great to see the
of what a neighboring state legislature is
ests, and not just those of any one state. cooperation so far among Massachusetts
doing, why not figure out where the best
If you talk to council CEO Jim Brett and and Connecticut leaders (and, more re-
board chairman John Hailer, you’ll like- cently, Vermont) to develop an enhanced MASS. MARKET/PAGE 25
24 Sat/Sun, October 23-24, 2010 PATRIOTLEDGER.COM

40B WORTH THE PRICE?

BALLOT QUESTION 2: AFFORDABLE HOUSING

GREG DERR/THE PATRIOT LEDGER

I The Silver Brook Farm 40B development in Norwell near the Hanover town line contains 30 single-family condominiums.

Affordable housing in the suburbs

HOUSING/FROM PAGE 23 Planning officials remain con-
AFFORDABLE

said Barry Hurst, an agent for
Re/Max Landmark Realty of
Stoughton. Hurst is listing a 4,300-
square-foot home at Silver Brook
Farm for $579,900.
The inclusion of below-market-
rate units in the development does
not appear to hurt its value, Hurst
said.
“You don’t hear anyone mention
anything like that,” he said. “(Buy-
ers) like the area, and they like the
location close to the highways.”
Laid out in a clustered-lot design,
Silver Brook Farm is legally orga-
nized as a condominium develop-
ment. But the homes are detached
YOUR VIEWS
What is your opinion of the
Chapter 40B affordable housing
law?
WRITE: Your Views,
The Patriot Ledger,
400 Crown Colony Drive,
Quincy, MA 02169
CALL: 781-340-3157
E-MAIL: Editpage@ledger.com
Please include your home
address and telephone number
could attend Norwell High School.
“It was a miracle for me,” she
said.
“
cerned that some 40B developments’
density can clash with the look of
surrounding neighborhoods, Town
HOUSING ON THE
Planner Chris DiOrio said. The town SOUTH SHORE
generally requires one-acre mini-
mum lot sizes, although developers As far as Towns can turn away an un-
can apply for waivers to build small-
er lots if they preserve more of the significant wanted Chapter 40B develop-
ment if at least 10 percent of
their housing stock is considered
area as open space.
“If you had a certain number of demands on “affordable.” The units that count
toward that designation are on
40Bs in a row, it wouldn’t be in the
character of the neighborhood,” Di- police, it’s the state Department of Housing
and Community Development’s
Orio said, adding that Silver Brook “Subsidized Housing Inventory.”
Farm has a more traditional layout just added The following list shows the per-
centage of year-round housing
than most 40Bs.
School Superintendent Donald
Beaudette said the development has
patrol time units in a particular community
that are considered to be SHI
had minimal effect upon school ex-
penditures. Most of the units were
having to go units.

and have separate yards and drive-
ways, which appeals to single-family
home buyers, Hurst said.
With apartments out of her price
range, Larson and her two sons even-
tually moved in with her parents in
Norwell, where they lived for more
than a year before she was approved
for a home at Silver Brook Farm.
Larson, a nurse at the Linden
Ponds retirement community in
Hingham, said it was important to be
able to stay close to family in her
hometown and ensure her two sons
BALLOT QUESTION
FUNDING
Here’s a glance at how much
money both sides in the battle
over Question 2 have raised so
far in 2010. The supporters of
Chapter 40B have easily raised
more money than the oppo-
nents of Chapter 40B. However,
the Slow Growth Initiative, a
Chelmsford-based group, do-
nated $284,000 in services in
2009 to help get Question 2 on
the ballot.
Committee Against Repealing
the Housing Law
Donations raised in 2010:
$688,838
Campaign balance as of Oct.
1: $437,458
Major donors: Citizens’ Hous-
ing and Planning Association of
Boston ($100,000), Massachu-
setts Association of Realtors
($100,000), Massachusetts As-
sociation of Community Devel-
opment Centers ($51,000), Na-
tional Apartment Association
($50,000), Greater Boston Real
Estate Board ($27,250).
Repeal 40B Ballot Question
Committee
Funds raised in 2010:
$8,235.63
Campaign balance as of Oct.
1: $3,307.76
Major donors: Roland Van
Liew, Chelmsford ($2,000), John
Duffy, Amesbury ($1,000),
Stoughton Neighborhood Coali-
tion ($1,000)
The project, like many develop- 8.8%
ments built in the suburbs under marketed to empty-nesters.
Norwell police have only respond-
through the Abington
Avon 4.3%
Chapter 40B, was controversial when Boston 19.4%
first proposed in 1999. ed to five calls from Silver Brook
Farm in the last 12 months. Two
area. Braintree 8.7%
Residents said it would aggravate Brockton 12.9%
problems with low water pressure, were for lost dogs, and none resulted
– On the Chapter 40B Canton 10.6%
threaten nearby wetlands, generate in an arrest.
Silver Brook Farm Carver 3.1%
more traffic and threaten nearby “As far as significant demands on
project, Norwell’s Deputy Cohasset 3.2%
town wells. police, it’s just added patrol time Police Chief Jack Dedham 12.3%
Town Administrator James having to go through the area,” Suurhans
Deputy Police Chief Jack Suurhans Duxbury 3.7%
Boudreau said there has been no evi- Foxboro 8.9%
dence of any impact on the town wa- said.
Steve Adams may be reached at Halifax 1%
ter supply since the development was Hanover 9.9%
built. sadams@ledger.com.
Hanson 4.5%
Hingham 7.1%
Holbrook 10.6%
Hull 2.1%
CHAPTER 40B: A PRIMER Kingston
Marshfield
3.9%
5.9%
What is Chapter 40B? Milton 4.8%
It is a state law on the books since 1969 Norwell 4.2%
aimed at increasing the number of homes in Norwood 6%
Massachusetts that people with low and mod-
Pembroke 10.8%
erate incomes can afford. The law allows devel-
opers to qualify for waivers of local zoning rules Plymouth 4.5%
if they agree to price at least 25 percent of the
houses or apartments they build within a range
Plympton
Quincy
5%
10.3%
of “affordable” prices. In some cases where an
apartment developer agrees to a lower rent for
Randolph 11%
Rockland 6.2%
the affordable units, as few as 20 percent of the
Scituate 4.6%
units would need to be affordable.
Sharon 6.4%
Why are people upset with Chapter 40B? Stoughton 12%
Local officials can lose control over where a
project can be built. Neighbors will frequently Westwood 9.5%
argue that a Chapter 40B development, which Weymouth 8.2%
is typically a denser development than what’s STATEWIDE 9.6%
allowed by that neighborhood’s zoning rules, I Many Chapter 40B projects built in the
will cause problems such as increased traffic, suburbs were controversial when they were I Towns can also be exempt
additional fire and police calls and more first proposed.
crowded schools. from Chapter 40B if at least 1.5
percent of the land devoted to
Who supports Chapter 40B? Can any communities reject Chapter 40B commercial or residential uses in
Builders, developers and big city legislators projects that they don’t want? the town is allocated for afford-
who want the suburbs to do their part in pro- Communities on the South Shore that can able housing projects. Four com-
viding housing that people can afford. Afford- reject Chapter 40B projects today because of munities have met that require-
able housing advocates also champion the the progress they’ve made on affordable ment: Somerville, Weymouth,
law, and make many of the same arguments. housing include Quincy, Brockton, Holbrook Waltham and Watertown.
How much affordable housing has been Randolph, Canton, Weymouth, Stoughton, I Eight towns – including
built on the South Shore under the law Hanover, Pembroke and Marshfield. They are
among 66 communities in the state that are Marshfield and Hanover – are
since it was passed in 1969? below the 10 percent threshold,
currently able to reject a Chapter 40B project.
At last count, more than 100 projects of all but have made enough progress
sizes have been built or approved in 24 towns So what are we voting on when election toward that goal that they are
on the South Shore under the law. Together, day comes? immune from Chapter 40B pro-
they make up more than 9,100 housing units The question itself is straightforward. If you jects for a certain period of time.
(single-family homes, condos or rental apart- want to repeal Chapter 40B, vote yes on Sources: state Department of
ments), including nearly 4,300 affordable Question 2, and if you want to protect Chapter Housing and Community Devel-
units. 40B, vote no. opment, Citizens’ Housing and
Planning Association.
ON THE WEB
The inspector See all the 40B A rundown of how much
general’s report projects on the affordable housing is in each
on the 40B law South Shore city and town in the state
GO TO PATRIOTLEDGER.COM
PATRIOTLEDGER.COM
BANK
Stuff you
DATA
should
know
OVERHEARD
“
It’s nice of Bank of America to issue
a press release. But they’d better
file all their paperwork and make
sure it’s done correctly,
because they’re asking me
to take someone’s house away.
”
Justice Arthur Schack,
of the State Supreme Court in Brooklyn, N.Y.,
referring to Bank of America's statement
that it is not finding major errors
in its own foreclosure documents
REGIONAL
ROUNDUP
. ..........................
M Wireless operations strong
ROCKLAND TRUST ENJOYS 63% SURGE IN Q3 EARNINGS
HANOVER – The parent company of Rockland Trust saw its
earnings soar by nearly 63 percent in the quarter that just ended
thanks, in part, to a surge of refinancing work as borrowers
rushed to take advantage of super-low interest rates.
Hanover-based Independent Bank Corp. earned $11.1 million
in the third quarter, which ended on Sept. 30. That compares to
$6.8 million in the
same quarter a year
ago. “The overall
business volume is
up,” Rockland Trust
CEO Chris
Oddleifson said.
“We’re on track to
have a record year in
all our loan
categories.”
Oddleifson said
there’s been a
minimum of new
FILE PHOTO
economic activity –
that is, loans for new
I Chris Oddleifson, CEO of
construction. Instead,
Rockland Trust.
much of the
commercial and
residential loan business this year has been due to refinancing
activity, he said. Oddleifson also said Rockland Trust’s increased
emphasis in the past two years of providing working capital for
companies has been paying off. “We’ve emphasized that a lot
more,” Oddleifson said. “We’ve hired lenders with a lot more
expertise. It’s a business we’re building up and focusing on.”
Oddleifson said the company also continues to see strong
growth in its asset management arm, which now manages
about $1.5 billion in assets for Rockland Trust’s clients.
However, the company’s total loans in its own portfolio
remained flat, at about $3.4 billion, when compared to the
second quarter of this year. One reason: Residential real estate
loans fell 4 percent as consumers refinanced into longer-term,
fixed rate loans that the company typically sells off after handling
the refinancing.
STATE STREET CORP. TO ACQUIRE BANK OF IRELAND UNIT
BOSTON – State Street Corp. continued its aggressive hunt for
European acquisitions with a deal to buy Bank of Ireland Asset
Management and fold it into the Boston-based company’s State
Street Global Advisors division. The deal is valued at 57 million
euros, or about $80 million. The acquisition is slated to close
sometime in the first three months of 2011. The BIAM operation
in Dublin will transfer to State Street Global Advisors Ltd. after
the deal closes. BIAM has about $26 billion in assets under
management and more than 500 clients. The deal would bring
more than 120 BIAM employees to join State Street Global
Advisors in Dublin. State Street currently employs about 2,000
people in Ireland.
BOSTON-BASED WIND FARM DEVELOPER PLANS IPO
BOSTON – Wind farm developer First Wind is planning to
announce an initial public offering next week, according to the
Boston Business Journal. The newspaper, citing IPO tracker
Renaissance Capital, said Boston-based First Wind wants to price
12 million shares in the offering in the range of $24 a share to
$26 a share, or $288 million to $312 million. The company
would join the Nasdaq stock market with the ticker symbol
“WIND.” First Wind first told securities regulators that it wanted
to launch an IPO in 2008.
TUFTS MEDICAL CENTER, METROWEST IN REFERRAL DEAL
BOSTON – Tufts Medical Center has reached an agreement with
MetroWest Medical Center to be the Framingham hospital’s
preferred referral partner for residents in the MetroWest area.
Tufts would also work with the Framingham hospital to bring
advanced specialty services to Framingham so residents there
wouldn’t need to travel to Boston to get those services. Nearly
170 MetroWest doctors who are currently part of the
MetroWest Accountable Healthcare Organization physician
network will also join New England Quality Care Alliance, the
Braintree-based physician network of Tufts Medical Center.
RAYTHEON REPORTS SUCCESSFUL TEST OF MINIBOMB
WALTHAM – Raytheon Co. reported that it successfully flight-
tested the smallest bomb in the Waltham-based defense
contractor’s arsenal. The “Small Tactical Munition” is a 13-
pound guided bomb that’s about two feet long and specifically
designed to be employed from unmanned aircraft systems. The
bomb’s dual-mode, laser seeker and GPS navigation system
enables the weapon to engage fixed and moving targets
regardless of the weather.
TECHTARGET BUYS AUSTRALIA, NEW ZEALAND WEBSITES
NEWTON – TechTarget of Newton has bought three websites in
Australia and New Zealand dedicated to information technology
buyers in those countries. The sites had been developed and
operated for the past four years by Australia’s Westwick-Farrow
Media, a regional partner of TechTarget’s. The three websites
serve the IT security, storage and senior technology professional
audiences.
– PATRIOT LEDGER STAFF
BUSINESS Sat/Sun, October 23-24, 2010 25
FUNNY BUSINESS FIGURATIVELY SPEAKING
British regulators may be reviewing
Zipcar’s proposed acquisition of its
2 Percentage increase in the 36,000,000
number of miles driven by U.S. Number of potential trick-or-
U.K. counterpart, Streetcar, with an eye
toward avoiding any antitrust issues. But motorists over the past five treaters – children 5 to 13 –
the pending merger begs another, more years, according across the United States, ac-
pressing question: What are they going to call all to research by cording to Census Bureau data
those cars?
As you may know, the Cambridge-based car-sharing company proudly
has a name affixed to each of its nearly 7,000 vehicles. They vary widely, as
different people are coming up with the names all the time. Sometimes, it’s
someone in Zipcar’s marketing department. Sometimes, it’s a submission
from a die-hard Zipster. And sometimes, it’s the winner of one of Zipcar’s
State Farm
21 Percentage
increase in the number
of deer-vehicle collisions in the
U.S. during that time
1 Rank of witch on the list of
traditional costumes most worn
by trick-or-treaters, according to
the National Retail Federation
regular car-naming contests on Facebook.
1 Rank of Lady Gaga as the
Talk to Stephanie Shore, vice president of marketing at Zipcar, and she’ll
rattle off a few of her favorites. There’s Deep Dish, the Scion XT in Chicago. 1903 Year that the first most favored costume for wom-
In Boston, there’s a Honda Civic Hybrid called Coach Parker, after Boston World Series game took place en, and Iron Man for men
University hockey coach Jack Parker. In San Francisco, Zipsters can drive as the Pittsburgh Pirates defeat-
– JOHN MACINTYRE
Miss Daisy, a Mini Cooper – or they can hunt for Bigfoot, the elusive BMW ed the Boston Red Sox 7-3 be-
that’s rented so frequently, Zipcar execs aren’t even sure it exists. fore 16,200 fans
Shore says the car names reflect and help build on the emotional connec-
tion that many Zipsters have with the Zipcar brand. “Naming the cars helps
bring that to life,” Shore says. “It’s probably a lot more fun to take ‘Mini Mox-
80,000,000
Number of spectators who at-
ie’ out for a spin than it is to rent a white compact for a few hours. They’re
tend baseball games in America
potentially nicer to the cars than they are to their own neighbors.”
each year
– MASSMARKETBLOG.COM
Verizon hit by landline decline
but profits drop after one-time
based Verizon owns only 55 percent of Veri-
zon Wireless, and can only lay claim to that
share of the profits. The rest flow to British
carrier Vodafone Group PLC.
charge, sell-off of phone lines Verizon’s program to replace phone lines
with optical fiber in its core service areas has
helped it keep customers, but the service is ex-
NEW YORK (AP) – Verizon Communi-
pensive to roll out and doesn’t come close to
cations Inc. on Friday said its profit fell 25
matching the profits of the wireless side. Ear-
percent in the third quarter, held back by a
lier this year, it essentially stopped expanding
one-time charge for a pension settlement and
the FiOS service to new communities.
the performance of its landline operations, Verizon reported a net income of $881 mil-
which barely broke even. lion in the third quarter. That compares with
The results show how Verizon has its feet $1.176 billion in the same period last year.
in two worlds: that of the declining tradition- Revenue slipped 3 percent to $26.5 billion
al phone company and the burgeoning, high- from $27.3 billion a year ago, mainly due to
ly profitable cell phone company. the sale of landline and wireless service ar-
Verizon’s landline business posted operat-
eas. The latest result was slightly more than
ing income of $19 million for the July to the $26.3 billion analysts had expected.
September quarter, compared to $4.9 billion Verizon Wireless added 584,000 cus-
on the wireless side. ASSOCIATED PRESS tomers on contract-based plans in the quarter,
As recently as the second quarter, the land- I Despite huge increases in its wireless roughly in line with analyst estimates. It’s
line business had operating income of $214 business, Verizon profits fell 25 percent in about half of what it added in recent years,
million. But Verizon sold off profitable, out- the third quarter, hurt partly by its declining but still a healthy figure considering that
lying areas with about 4 million phone lines landline revenues. nearly everyone already has a cell phone.
to Frontier Communications Corp. on July 1,
On Thursday, AT&T, which has fewer sub-
speeding the decline of the remaining busi- quarter, mainly through a voluntary separa- scribers overall, said it added 745,000 con-
ness, which is suffering as households drop tion offer, and Chief Financial Officer John tract subscribers in the quarter, helped by the
their phone lines in favor of cell phones. Killian expects 2,000 to 3,000 to leave before summer launch of a new iPhone model.
Verizon has been cutting jobs on the land- the end of the year. The landline business Verizon Wireless has been touting phones
line system to try to keep pace with the de- employs half of Verizon’s 195,100 workers. running Google Inc.’s Android software as
cline. About 1,500 jobs were cut in the latest Wireless profits are strong, but New York- its answer to the iPhone.
Regional
GREAT
cooperation
can pay off
MASS. MARKET/FROM
PAGE 23
place for new casinos would be
for the entire region?
Manufacturing: Hailer says
there are plenty of places around
RATES 1 2 - M O N T H C D
the region where real estate and
wages are competitive with the
1.30
South. He says New England
states should be doing more to co-
ordinate taxation and permitting
policies. The biotech and clean-
tech sectors hold the most
promise, based on the corporate
and research operations that are
already here. Brett, who would
1.40
like to see the community colleges
play a bigger role in workforce
training, says the New England
Council wants to host a summit
soon to address this issue as well.
Media: It burns Hailer that
Rhode Island was willing to put
up $75 million to poach Curt 1 8 - M O N T H C D
Schilling’s computer game com-
pany. But the fight over 38 Stu-
dios underscores a bigger prob- Open a 12-month CD at 1.30% APY or an 18-month CD at
lem: competing tax incentives for
movie, TV and game producers. 1.40% APY. Your balances are fully insured, as we are
If Boston can land a movie, there
are certainly benefits for workers members of both FDIC and Depositors Insurance Fund
in the industry who live in Rhode
Island. It stands to reason that the
(DIF). Give us a call or stop by our branch today.
two states’ film offices could have
a better chance competing against
New York, Toronto, or, of course,
California if they work together.
Sure, there are some border
wars that will never go away. New
Hampshire probably won’t stop
stealing Massachusetts shoppers
for as long as we have any kind of 781.749.2200
sales tax here. But there are many
ways in which working with our hinghamsavings.com
neighbors can pay off when trying
to attract support from Washing-
ton or solving a shared problem *Annual Percentage Yield is guaranteed for the length of the term. Early withdrawal
back home. It shouldn’t have to penalties may be imposed. $500 minimum deposit. Effective September 1, 2010.
take a big corporate merger to re-
This offer is subject to change and may be withdrawn at any time. Member FDIC/Member
mind us of that fact. DIF. The FDIC insures all deposits up to $250,000 per depositor. All deposit amounts above
Jon Chesto may be reached at the FDIC limits are insured in full by the Depositors Insurance Fund.
26
YOURMONEY Sat/Sun October 23-24, 2010 PATRIOTLEDGER.COM

REAL CHECKOUT LANE

PEOPLE
REAL
MONEY .
............................
Each week, we ask area residents
about personal spending issues
What kind of impact do you
think the governor’s race will
have on the local economy?
ASHLEE FAIREY
/THE PATRIOT LEDGER
I “What bothers me is that both
(parties) are talking about spending
too much. The state has a crumbling
infrastructure. State spending has to
. .......................................
MAKING
CENTS
Smart shopping for you
. ..........................
JOHN P. NAPOLITANO
Get control
of monthly
cost of living
W
hether you earn more than
you spend or you are living
exclusively from your
savings, it is a good idea to
know your monthly cost of living.
Some people are still suffering from
the dark days of the recession and
watching every nickel carefully. But
they are not the only ones who would
benefit from a solid review of what
cash flows out the door. This is equal-
ly important to those with minimal re-
sources and those with more income
than they need. Many people still have
areas where they wastefully send out
checks or have automatic withdrawals
AMELIA KUNHARDT PHOTOS/THE PATRIOT LEDGER from our accounts.
In the areas of property and casual-
I Salesperson Meghan Mahoney, center, adjusts a witch hat atop the head of customer Cody Reidy, as
customer Amanda Lombardi, right, looks on at Itza Party in Pembroke. ty insurance, most people haven’t re-
viewed their costs compared to other
options in a long time. Whether you

WICKED Expect stores’

be done whether we’re broke or not. call a company directly or you use an
... They want to cut spending at a agent, you should ask how the benefits
time when it’s an absolute must.
Neither party is taking a realistic
stand.”
supplies to dwindle you need are priced at more than just
one company.
The same may be true for life insur-
during last-week rush
BUSY
— David Goldman ance. Although aging is not typically a
Randolph premium reduction condition, you
to Halloween may in fact be able to lower your pre-
miums with a new contract because of
differences in the contract structure
By Ashlee Fairey
THE PATRIOT LEDGER
and pricing. Insurers over the past few
years migrated to a newer mortality

I “State jobs will be affected.
Baker’s calling for job cuts, and the
state is hurting as is. That, plus the
sales tax question, could be
detrimental to the economy.”
– Rob Patchett
Kingston
I “I think the local economy is in a
lot of trouble, and I am not voting for
the current governor. ... I don’t know
if anyone can fix the economy. We’re
in a world of hurt in this state and
nationally, and I don’t see an end in
sight.”
— Kay Feidner
Easton
S
till trying to scare up a Halloween costume?
Don’t be surprised if you have trouble
finding what you want.
Itza Party in Pembroke readied for
Halloween on Labor Day, but “people were
definitely looking before then, mainly the kids,”
said store manager Sarah Deroche.
“We’re probably going to start running out of
things,” she said. “The last week is the big rush,
especially for the adults. They don’t think ahead.”
Halloween Scene in Kingston put out its cos-
tumes in early September, but the shopping rush
kicked in within the past week,
EXTRA assistant store manager Patrick
Dodgson said.
IN YOUR Halloween Scene has al-
ready sold out of Snooki wigs,
a crucial piece to the hugely
popular costumes modeled af-
ter the “Jersey Shore” cast
member, Dodgson said.
Other best-sellers inspired by pop culture in-
clude Lady Gaga costumes and Johnny Depp’s
Mad Hatter outfit, Deroche said.
Then there are the classics that kids enjoy: Greek
goddess, princess, Dorothy, Darth Vader, and char-
acters from Mario Bros. and The Flintstones.
Cop uniforms are always popular with women,
Deroche said, “and for the guys, there’s always the
prison jumpsuit,” Dodgson said.
“(Classic) vampires aren’t even that big this
year,” Dodgson said. “I guess people are going
more for the ‘Twilight’ look.”
At both Halloween Scene and Itza Party, cos-
tumes generally cost between $30 and $40.
A survey by the National Retail Federation says
Halloween spending is up from last year: People
will shell out $66.28 on average for costumes, can-
dy and decorations, up from last year’s $56.31.
Reach Ashlee Fairey at afairey@ledger.com.
I Amanda Lombardi tries on a mask at Itza Party.
Halloween safety tips
I Attach reflector bands and flashing beacons to your
child’s costume, and be careful when crossing streets.
I If your children are wearing masks, make sure the
eye holes are large enough for good peripheral vision.
I If your child is carrying a prop, such as a scythe,
butcher knife or a pitchfork, check that the tips are
smooth and flexible enough to not cause injury if fallen on.
I Long costumes should be hemmed so as not to
cause a tripping hazard.
I Make sure your kids’ costumes have been treated
with a fire retardant.
I Test make-up in a small area first for allergic
reactions. Remove it before bedtime to prevent skin and
eye irritation.
I Eat only factory-wrapped treats. Avoid eating
homemade treats unless you know the person who
made them.
Sources: www.halloween-safety.com, www.cdc.gov
table with extended life expectancies
and lower costs of insurance.
We see many clients paying for ser-
vices that they no longer need or use.
An example of this may be a credit re-
pair program. These companies in the
credit repair business can be very
valuable when you need help with
raising your credit score. But once that
credit score is high enough to qualify
for the best rates available, you don’t
need to pay the monthly fee for repair.
Perhaps a credit monitoring service to
identify unusual activity along with
some identity theft protection will
now do the job.
Consider a competitive look at the
telecom carriers in your neighbor-
hood. Many cable watchers have more
cable boxes and DVRs than the family
can use, especially when the children
are grown or at college. The same
holds true with telephone and Internet.
Providers today want to be your
provider for everything that is wired
or wireless in your home, and rates are
dropping as the competition grows.
And, no budget-buster discussion
would be complete if I didn’t talk
about paying too much in taxes: feder-
al and state income, death and gift tax-
es. With income and estate tax
changes on the horizon, now is the
time to be sure that you won’t be
spending any more than you need to.
John P. Napolitano is the CEO of
U.S. Wealth Management in Braintree.
He may be reached at
jnap@uswealthcompanies.com.

WEALTH HEALTH
. .......................................
CHUCK JAFFE

Dealing with debt: Choose a credit counselor very carefully

roughly half of the consumers who rates, lowering monthly payments, get- can make money by getting the con- When the account is four to six

M
ike B. from Marshfield is
trying to decide if he needs
debt management, debt
settlement or bankruptcy.
He knows there are some bad stories
about credit counseling, so he wrote to
me to ask how he can decide who can
help him pay off his debts.
While “debt management” and
“debt settlement” may seem like the
same thing, nothing could be further
from the truth. Debt management typi-
cally involves a plan that slows or
stops the interest clock but results in
the consumer paying his debt in full.
Debt settlement generally is about
convincing creditors to settle for less
money than is owed.
Christopher Viale, president of
seek his nonprofit firm’s help can
handle the debt on their own, after an
assessment and plan. Between 15 and
20 percent of them need counseling,
including an intervention with credi-
tors, with another 20 to 25 percent so
deep in trouble that bankruptcy is ob-
viously the best course of action. For
the remaining group, 5 to 15 percent,
some form of debt settlement may be
a compromise.
A debt counselor – particularly if
he’s from a not-for-profit firm – is
typically offering free help to develop
a plan. A good counselor will need an
hour or more just to get a full assess-
ment of the problem so he can develop
an action plan.
The counselor will contact the cred-
ting fees waived and stopping the in-
terest clock. Then, all of that debt will
be wrapped into one payment, and the
consumer’s money will be distributed
to creditors each month. There are no
late fees; the consumer’s credit score
takes a hit at first, but tends to recover
as the payment plan proceeds. In the
end, the consumer pays what is owed,
but over a longer time frame and at re-
duced rates.
For-profit debt-settlement compa-
nies will reduce debt, but the con-
sumer may not be thrilled with the
process. The for-profit firms, typically,
are the ones doing the heavy market-
ing campaigns, and their salespeople
are paid on commission. They don’t
always care to know much about the
consumer’s situation. They know they
sumer to sign up for their more radical
approach, regardless of whether it’s
necessary.
Typically, credit-card firms settle
accounts for less than what is owed
only when the card company writes
off the account and sells it to a debt
collector or lawyer who buys the debt
at a discount.
With that in mind, debt-settlement
companies effectively tell lenders to
stop contact with the consumer, and
work instead through them. The con-
sumer makes a monthly payment, but
the settlement firm takes out the sales
commission and any upfront fees. The
remaining amount sits in an account
until the consumer has defaulted, with
late fees and other charges mounting
months in arrears and the lender must
get it off the books, the debt-settle-
ment firm works to get the best deal
from whoever takes over the debt, us-
ing the war chest of payments made to
that point as a carrot. Collectors will-
ing to forgo a big chunk of what the
consumer owed to get a piece of that
pie will cut a deal.
Card issuers, not amused by these
tactics, are increasingly turning the ac-
counts over to lawyers, who sue the
delinquent customers. That’s why the
strategy is particularly risky; for many
debt-settlement customers, bankruptcy
would be cheaper and easier.
Chuck Jaffe is a senior columnist for
MarketWatch. He can be reached at
cjaffe@marketwatch.com or at Box
PATRIOTLEDGER.COM Y OUR MONEY Sat/Sun, October 23-24, 2010 27

FINE PRINT
. ...................................
We find answers to consumers’ questions

Get most efficient, safest use from back-to-school electronics I Unplug electric items when they’re not in

W
ith the new college semester under way, year on your electric bill. entertainment areas.
I Invest in a “Smart Strip.” These are pow- use. If you unplug all your cell phone chargers, I Pay attention to potential fire hazards.
National Grid is offering a number of
tips to help ensure that you or your child er strips that leave power flowing through certain laptops, video game consoles or anything else There are many commonsense steps to avoid fire
get the most efficient and safest use of items, but powers down all other items when with “instant on” features, you can save as much hazards. Don’t place damp clothing on light fix-
that back-to-school equipment you purchased. they’re not in use, preventing energy loss. as $4 a month. tures to dry, for example, and don’t run electric
I Look for the Energy Star label. Home ap- I Switch to compact fluorescent bulbs. For I Cook with lids on your pans. If you have cords under carpeting.
pliances aren’t the only things that come with each standard incandescent bulb you replace with an electric stove, cooking without lids on your
Do you have a consumer issue you want us to
Energy Star ratings. Energy Star computers are a compact fluorescent bulb, you can save $10 or pots and pans can use three times more energy
address? E-mail us at biznews@ledger.com or
70 percent more efficient than their unrated more on your electric costs over the life of the than if the lids are left on.
I Avoid overloading electrical outlets. Don’t
write the Business Department, The Patriot
counterparts. A list of participating models can bulb. Compact fluorescent bulbs have a life ex-
Ledger, 400 Crown Colony Drive, Quincy, MA,
be found at energystar.gov. Also, choosing a lap- pectancy of 10,000 hours, compared to 750 to put too many items such as computers, TVs, and
02269-9159.
top over a desktop can save you as much as $40 a 900 hours for standard bulbs. DVD players on the same circuit in homework or

MORTGAGE . .....................................................
CD RATES CONSUMING INTERESTS
. ............................................
WATCH In percent, compiled by The Patriot Ledger on Oct. 22, 2010

Free checking might soon

. ..................
12- 2-yr. 3-yr. 5-yr.
Rates on 30-year fixed
Money Three Six month annual annual annual
30-year rates
........................... . Phone Market month month yield yield yield yield

Percentage

5.0
Bank of Canton
Bridgewater Credit Union
Canton Cooperative Bank
781-828-1690
508-697-8101
781-828-8811
0.25
0.35
0.35
0.50
0.55
0.50
0.60
0.80
0.80
0.80
1.05
1.00
1.36
1.55
1.60
1.76
1.90
2.05
NA
2.00
NA
be a thing of the past
ASSOCIATED PRESS $35 charged to some Bank of
4.8 Colonial Federal Svgs 617-471-0750 0.50 0.60 0.79 1.05 1.50 2.25 NA

F
E. Bridgewater Savings 508-378-8400 0.40 N/A 0.75 0.90 1.25 1.50 2.25 ree checking as we know it – America customers who overdraft-
4.6 with the big banks, at least – ed their account by buying some-
Eastern Bank 617-897-1008 0.25 0.40 0.50 0.60 0.75 0.85 1.40
4.4 4.37 4.37 4.32 HarborOne Credit Union 508-895-1000 0.40 0.50 0.80 0.95 1.60 2.00 2.70 is ending. thing small like a Starbucks latte.
4.27 4.21 These and other fees were ex-
4.2 4.19 Hingham Fed. Credit Union 781-749-2026 0.35 0.50 0.75 1.00 1.50 NA NA The days when you could
Hingham Inst. for Savings 781-749-2200 0.35 0.70 0.80 1.30 1.35 1.75 2.25 walk into a bank branch and open tremely lucrative. According to fi-
Holbrook Coop. Bank 781-767-1888 0.25 0.50 0.75 0.75 1.26 1.76 NA an account with no charges and no nancial services firm Sandler
09/18 09/25 10/02 10/09 10/16 10/23
Hyde Park Svgs Bank 617-361-6900 0.20 0.50 0.60 0.90 1.50 1.75 NA strings attached appear to be over. O’Neill, they made up 12 percent
mortgages rose slightly from their Now you have to jump through of Bank of America’s revenue. On
lowest level in decades, inching up Mutual Bank 781-447-4488 0.25 0.40 0.40 0.75 1.35 NA NA some hoops – keep a high balance, Tuesday, the bank took a $10.4 bil-
to a national average of 4.21 percent. Norwood Bank 781-762-1800 0.30 0.50 0.70 0.95 1.51 1.76 2.53 use direct deposit or swipe your lion charge to its third-quarter
Mortgage buyer Freddie Mac says Quincy Credit Union 617-479-5558 0.65 NA 0.90 1.11 1.66 2.12 2.53 debit card several times a month. earnings because the new regula-
the average rate for 30-year fixed Randolph Savings Bank 781-963-2100 0.25 NA 0.65 0.90 1.40 1.50 2.80 One new account at Bank of tions limit fees the bank can collect
loans was up from 4.19 percent the Rockland Trust 781-982-6100 0.05 NA 0.30 NA 0.75 1.00 NA America charges $8.95 per month when retailers accept debit cards.
previous week. That was the lowest S-Bank 617-471-3160 0.25 0.75 0.90 1.00 1.50 1.75 2.00 if you want to bank with a teller or In August, the bank introduced a
level on records dating back to 1971. Scituate Federal Svgs 781-545-0016 0.25 0.70 0.80 1.15 1.50 2.00 2.35 new “eBanking” account, where
get a paper statement.
The average rate on 15-year fixed Sharon Credit Union 781-784-7725 0.40 0.55 0.75 0.95 1.55 1.85 2.65 customers were offered a free
Almost all of the largest U.S.
loans rose to 3.64 percent. That was
South Coastal Bank 781-878-5252 0.15 0.50 0.90 0.85 1.05 1.25 NA banks are either already making free checking account if they banked on-
up from 3.62 percent a weak earlier,
the lowest weekly average on South Shore Svgs Bank 781-337-3000 0.25 0.50 0.50 0.85 1.50 1.74 2.25 checking much more difficult to get line. The catch: If they opt for paper
records dating back to 1991. Sovereign Bank 617-479-0799 0.20 0.01 0.05 1.25 1.40 2.00 2.40 or expected to do so soon, with fees statements, or want access to tellers
Rates have been falling since April. Stoughton Coop. Bank 781-344-3080 0.40 NA 0.50 0.75 1.01 1.50 NA on even basic banking services. for basic transactions, they would be
The latest declines are largely be- Weymouth Bank 781-337-8000 0.13 0.38 0.50 1.01 1.27 1.27 1.27 It’s happening because a raft of charged a monthly fee of $8.95.
cause investors have been buying Note: Rates are for accounts requiring no more than $5,000 in deposits. Rates are subject to change. NA: new laws enacted in the past year, “Customers never had free
up Treasury bonds in anticipation of Rates not available. Banks can send rates to us at 617-786-7384 (fax) or at cdrates@ledger.com. including the financial overhaul checking accounts,” Bank of
the Federal Reserve’s likely move to package, have led to an acute America spokeswoman Anne Pace
buy Treasurys to stimulate the econ- shrinking of revenue for the banks. said. “They always paid for it in
omy. That demand lowers Treasury
So they are scraping together mon- other ways, sometimes with penal-
yields, which mortgage rates tend to
track.
Contact us
. ............................................ ey however they can. ty fees. Now they have the option
Charlotte, N.C.-based Bank of to avoid those fees.”
Low rates haven’t helped the How to reach the news Business Dept. at The Patriot Ledger
struggling housing market, which America, Massachusetts’ largest re- This summer, Bank of America
recorded its worst summer in more E-mail: biznews@ledger.com Fax: 617-786-7384 Phone: 617-786-7087 tail bank based on deposits, an- also started offering “emergency
than a decade. But they have led to nounced a dramatic shift Tuesday in cash” for a $35 fee to customers
a modest surge in refinancing. how it does business with customers. who went to the ATM for with-
Rates on five-year adjustable-rate One key change: Free checking, a drawals that would exceed their
mortgages averaged 3.45 percent, mainstay of American banking in re- bank balance.
up from 3.47 percent a week earlier.
Rates on one-year adjustable-rate
Oil prices tied to Fed policy cent years, will be nearly unheard of.
“I’ve seen more regulation in last
“We are now in an era where
consumers will be buying products
mortgages fell to an average of 3.3 ASSOCIATED PRESS most the same as it was on Monday,
percent from 3.43 percent. 30 months than in last 30 years,” from banks, even if it’s a checking
according to AAA. Gas is about a said Robert Hammer, CEO of RK account,” said Brian Riley, senior
The rates do not include add-on Motorists probably won’t see gas
fees known as points. One point is dime-per-gallon more than a month Hammer, a bank advisory firm. research director for bank card
pump prices budge much from their
equal to 1 percent of the total loan ago and is still hovering about 20 “The bottom line for banks is shift- practice at Needham-based consul-
recent highs until the Federal Reserve
amount. The nationwide fee for loans cents higher than a year ago. ing enormously, swiftly and deeply, tancy TowerGroup. He noted that
decides next month whether it needs
in Freddie Mac’s survey averaged and they’re not going to sit by several banks have started charging
0.8 a point for 30-year. It averaged to take steps to stimulate the econo- Higher oil and gasoline prices have $7.50 for paper statements.
twiddling their thumbs.”
0.7 of a point for 15-year and 1-year my. After that, they could start had more to do with uncertainty In the last year, lawmakers in “Paper and print costs around
mortgages and 0.6 of a point for 5- falling. about the global economy and next Washington have passed a range of $2.25, add postage to that, and if
year mortgages. month’s Fed announcement than
The national average for a gallon new laws aimed at protecting bank banks are losing income from other
– ASSOCIATED PRESS of gasoline was $2.827 on Friday, al- supply and demand. customers from harsh fees, like the avenues, someone has to pay for it.”

MARKET WATCH
For week ending Friday October 22, 2010
MARKET STOCKS of REGIONAL GAINERS $5/Share minimum DOW JONES 30

Market rises for 3rd week

INDEXES NYSE NASDAQ INDUSTRIALS
RECAP INTEREST Stock Last Chg %Chg Stock Last Chg %Chg Wkly YTD
52 Wk Wkly 52 Wk Wkly Stock Last %Chg %Ch
Daily Wkly Hi Lo Cls %Chg Hi Lo Cls %Chg FstPfd pfA 10.63 +2.88 +37.2 CleanDsl rs 11.15 +6.25 +127.7
Close %Chg %Chg AT&T Inc 29.43 23.78 28.29 -.1 Manulife g 21.80 10.60 12.46 +1.5 ASSOCIATED PRESS The market appeared to be Compx 12.00 +2.33 +24.1 LiveDeal rs 9.89 +5.39 +119.8 AT&T Inc 28.29 -0.10 +0.9
Dow 11132.56 -.13 +.63 QksilvRes 15.20 +2.59 +20.5 WSI Inds 7.10 +2.80 +65.1 Alcoa 12.72 -3.10 -21.
ATCross 7.17 3.50 5.98 -2.8
NYSE 7522.91 +.10 +.03 AlcatelLuc 4.79 2.25 3.64 -.8 MarshM 25.47 20.21 25.19 +5.3 The Dow Jones industrial av- in a holding pattern as in- Brookdale 19.77 +3.10 +18.6 AGA Med 20.99 +6.28 +42.7 AmExp 39.03 -0.20 -3.7
BkofAm 11.44 -4.50 -24.0
AMEX 2063.16
Nasdaq 100 2104.21
-.35 -1.78
+.68 +.31
AmTower 52.34 36.15 50.22 -1.2
MayflwBcp 10.35 5.68 9.65 +.6 erage rose for a third straight vestors turned their attention AMR 7.42 +1.16 +18.5
HangrOrth 19.48 +3.04 +18.5
RockAgs
Travelzoo
5.19
34.35
+1.09 +26.6
+7.17 +26.4 Boeing 71.26 +1.60 +31.6
AnalogDev 32.83 25.26 32.01 +1.1
Nasdaq 2479.39 +.80 +.43 BJs Whls 47.51 31.85 42.54 -3.7 MetLife 47.75 32.16 40.34 +2.9 week, capping a two-month pe- to a meeting of finance minis- DeltaAir 13.18 +1.80 +15.8 CTI Inds 8.23 +1.71 +26.2 Caterpillar
Chevron
78.33
84.55
-1.20 +37.4
+1.10 +9.8
S&P 500 1183.08 +.24 +.59 BT Grp 25.26 15.89 24.17 +2.5 iStar pfI 11.65 +1.54 +15.2 LSI Ind lf 8.28 +1.59 +23.8
S&P MidCap 824.91 +.77 +.63 BkofAm 19.86 11.17 11.44 -4.5 Microsoft 31.58 22.73 25.38 -.6 riod in which the index has end- ters and central bank gover- Raythn wt 10.50 +1.37 +15.0 LibGlobB 37.83 +6.91 +22.3 Cisco 23.48 +0.50 -1.9
Lindsay 58.30 +7.13 +13.9 CocaCl 61.61 +2.80 +8.
Wilshire 5000 12465.44
Russell 2000 703.43
+.33 +.53
+.76 +.04
BerkHa A140,711 97,205124,980 +.1
Motorola 9.36 6.04 7.83 -1.5 ed seven out of eight weeks nors in Korea. The group is UtdRentals 18.47 +2.19 +13.5
MedQuist s
Jinpan s
8.41
13.38
+1.47 +21.2
+2.30 +20.8 Disney 34.97 +0.30 +8.4
BerkH B s 85.86 64.72 83.34 ...
Blyth 59.93 25.91 46.11 +4.8
NCR Corp 16.00 9.18 13.75 -3.6
higher than where it started. meeting as tensions grow over iStar pfG 11.60 +1.36 +13.2 PacPreBc 5.05 +.86 +20.5 DuPont
ExxonMbl
46.83
66.34
+0.30 +39.
+1.80 -2.7
BostBeer 74.52 36.32 70.65 +3.2 MasseyEn 39.83 +4.61 +13.1 ApldSig 31.33 +5.30 +20.4
TREASURY Stocks ended on a mixed a brewing currency battle that Chipotle 205.77 +23.90 +13.1 AcaciaTc 25.79 +4.17 +19.3 GenElec 16.06 -1.50 +6.
BostonSci 10.29 5.04 6.30 +2.4 NatGrid 50.83 33.82 46.35 +1.0
RATES CGI g 16.40 11.52 15.57 -2.0 note Friday at the close of a could affect global trade. Teekay 31.33 +3.56 +12.8 FstBkshs 7.00 +1.10 +18.6 HewlettP 42.87 +0.10 -16.8
HomeDp 31.48 +2.50 +8.8
CVS Care 38.27 26.84 31.36 +.4 NetwkEng 3.61 .99 1.45 -4.6
Fri Cls Wk Ago
Cabot 35.08 20.95 34.40 +3.2 busy week of earnings news. “Everyone is trying to get out LOSERS $5/Share minimum Intel 19.83 +2.70 -2.8
3-mo bill 0.13 0.14 NY Times 14.87 7.06 7.68 -7.2 IBM 139.67 -1.00 +6.7
CasualMal 5.10 2.08 4.73 -2.1 NYSE NASDAQ
6-mo bill 0.17 0.17 CntyBcMA 25.00 16.77 24.30 +3.7 The Dow finished slightly of the economic doldrums by JPMorgCh 37.70 +1.50 -9.4
2-yr note 0.34 0.35 NiSource 17.96 12.83 17.71 -.4 Stock Last Chg %Chg Stock Last Chg %Chg JohnJn 63.81 +0.40 -0.9
5-yr note 1.14 1.18
ChaseCorp18.59 10.21 16.90 +.8 down, while the broader Stan- exporting,” said Bruce McCain, MediaGen 6.70 -2.05 -23.4 Amylin 11.30 -9.74 -46.3 Kraft 31.90 +0.80 +17.4
Cisco 27.74 19.82 23.48 +.5 NSTAR 40.94 30.76 40.84 +3.3 McDnlds 78.55 +1.40 +25.8
10-yr note 2.56 2.57 CleanH 72.14 52.00 69.44 -.3 dard and Poor’s 500 index and chief investment strategist at Key Dex One n 9.04 -1.89 -17.3 Infinera 8.14 -4.31 -34.6
Merck 37.10 +0.40 +1.5
30-yr note 3.94 4.00 Cognex 27.99 15.83 27.16 +.2 PerkElm 25.45 18.22 23.43 +1.3 Valhi 20.84 -4.12 -16.5 MetaFincl 14.15 -4.80 -25.3
Other Rates CollctvBrd 26.65 12.41 16.22 -4.8
the technology-focused Nas- Private Bank. “And everyone is ChNBorun n 15.62 -2.93 -15.8 Alkerm 11.07 -3.73 -25.2 Microsoft 25.38 -0.60 -16.7
PhnxTc 4.28 2.02 4.09 +5.4 EthanAl 15.48 -2.88 -15.7 FstFnB wt 6.77 -2.18 -24.4 Pfizer 17.50 -1.40 -3.8
Prime rate 3.25 3.25 Comcast 20.56 13.95 19.46 +2.7 daq both ended with gains. trying to do it at one time.” McMo pfM 107.00 -18.69 -14.9 FstBcMiss 8.04 -1.85 -18.7 ProctGam 63.40 +1.80 +4.6
Discount rate 0.75 0.75 Courier 18.85 11.84 15.22 -3.8 3M Co 90.44 +1.50 +9.4
PressurBio 1.97 1.02 1.60 -4.8 McMoRn 15.72 -2.72 -14.8 Cirrus 13.22 -2.87 -17.8
Federal funds .00-.25 .00-.25 Disney 37.98 27.01 34.97 +.3 Travelers 55.10 +2.70 +10.5
DonlleyRR 23.20 14.87 18.40 +1.4 Jaguar g 6.46 -1.10 -14.6 Healthwys 10.03 -2.04 -16.9
ProctGam 64.58 39.37 63.40 +1.8 Dow Jones industrials 80.91 -165.07 129.35 38.60 -14.01 UtdTech 74.94 +1.10 +8.0
ChrisBnk 5.84 -.95 -14.0 ChiCache n 23.55 -4.28 -15.4
DIARIES EMC Cp 21.83 16.12 21.44 +1.7
JinkoSol n 26.09 -4.11 -13.6 Arbinet rs 5.50 -.99 -15.3 VerizonCm 32.09 -1.00 +3.7
EatnVan 36.08 25.60 29.54 +.3 QwestCm 6.49 3.42 6.46 +1.9 Close: 11,132.56
IDT Cp C 11.56 -1.79 -13.4 ChildPlace 44.78 -7.90 -15.0 WalMart 54.06 +1.30 +1.
NYSE Flextrn 8.38 4.86 6.23 +1.6 1-week change: 69.78 (0.6%) MON TUES WED THUR FRI
Raytheon 60.10 42.65 47.60 +4.1 Fabrinet n 16.63 -2.56 -13.3 MakMusc 5.95 -1.05 -15.0
This Last ForrestR 34.73 23.65 34.03 -.1 11,500
BlockHR 10.78 -1.58 -12.8 PsychmCp 8.27 -1.45 -14.9
20 MOST WIDELY
Stock Wk Wk GenDynam79.00 55.46 64.50 +.9
Genzyme 73.15 45.39 72.45 +.4
SaftyInsGr 46.72 32.74 45.73 -1.2 Cytec 51.67 -7.55 -12.7 NaturlAlt 6.75 -1.15 -14.6 HELD STOCKS
Total Volume 22,853,741,743 23,530,089,597 11,000 MarshIls 6.18 -.86 -12.2 CarolTrBk 5.00 -.75 -13.0
Haemon 60.70 50.50 54.65 -.7 Wkly YT
Advanced Volume11,932,337,651 11,695,916,602 SimonProp 99.46 64.20 97.69 +.2 Stock Last %Chg %Ch
Declined Volume 11,305,211,890 12,338,569,442 HanoverIns47.22 40.22 45.87 -.8 MOST ACTIVE $2/Share minimum
Hasbro 48.78 26.82 46.00 +2.0 Staples 26.00 17.45 20.60 -1.0 AT&T Inc 28.29 -.1 +
Unchanged Volume 231,957,502 143,674,371 10,500 AlcatelLuc 3.64 -.8 +9
HingmSv 41.50 28.31 39.49 +4.1 NYSE NASDAQ
HomeDp 37.03 24.47 31.48 +2.5 StateStr 53.79 32.47 40.40 +.9 BkofAm 11.44 -4.5 -24
Issues Traded 3,188 3,188 Stock Last Chg %Chg Stock Last Chg %Chg Chevron 84.55 +1.1 +9
ImunoGn 10.90 4.96 8.09 +2.9 10,000
TJX 48.50 35.75 44.86 -.4 Citigrp 4.11 +.16 +4.10 PwShs QQQ 51.64 +.15 +.30 Cisco 23.48 +.5 -1
Advanced 1,658 1,895 IndBkMA 28.23 19.53 23.77 +3.3
BkofAm 11.44 -.54 -4.50 Intel 19.83 +.52 +2.70 Citigroup 4.11 +4.1 +24
Declined 1,453 1,243 IronMtn 28.49 19.93 22.61 +5.0 Talbots 17.79 6.28 9.54 -11.5
9,500 S&P500ETF 118.35 +.65 +.50 Microsoft 25.38 -.16 -.60 Comcast 19.46 +2.7 +16
Unchanged 77 50 Kohls 60.84 44.07 52.89 -.5 A M J J A S O SPDR Fncl 14.60 +.26 +1.80 Comcast 19.46 +.52 +2.70 Disney 34.97 +.3 +8
New Highs 439 630 KopinCp 5.07 2.71 3.71 +.8 Teradyn 13.37 8.09 11.45 +.4
WellsFargo 26.11 +2.53 +10.70 Oracle 28.99 +.09 +.30 ExxonMob 66.34 +1.8 -2
New Lows 22 21 LennarA 21.79 11.56 14.82 -3.3 S&P 500 8.52 -18.81 12.27 2.09 2.82
ThermoFis 57.40 41.74 49.66 +1.8 iShEMkts 46.03 -.69 -1.50 Cisco 23.48 +.12 +.50 GenElec 16.06 -1.5 +6
LibtyMIntA 16.80 9.82 14.63 +.9
NASDAQ Close: 1,183.08 FordM 13.95 +.15 +1.10 Yahoo 16.31 +.06 +.30 Intel 19.83 +2.7 -2
LibtyMIntB 16.65 10.23 14.51 +2.1
TutorPerini 25.48 15.56 23.02 +6.3 1-week change: 6.89 (0.6%) GenElec 16.06 -.25 -1.50 Apple Inc 307.47 -7.27 -2.30 IBM 139.67 -1.0 +6
This Last LibMCapA 58.16 20.35 56.37 -1.4 MON TUES WED THUR FRI
Stock Wk Wk 1,250 Pfizer 17.50 -.25 -1.40 SeagateT 15.18 -.33 -2.10 JPMorgCh 37.70 +1.5 -9
LibMCapB 57.50 20.46 57.40 +.7 VerizonCm 34.13 25.79 32.09 -1.0 JPMorgCh 37.70 +.55 +1.50 MicronT 7.69 +.08 +1.10 JohnJn 63.81 +.4 -
Total Volume 9,777,848,409 9,836,628,805 LoJack 5.26 3.19 4.08 +2.3
SprintNex 4.85 +.26 +5.70 Nvidia 11.80 +.51 +4.50 Microsft 25.38 -.6 -16
Advanced Volume 5,566,903,174 7,064,401,743 Lowes 28.54 19.15 22.00 +2.6 WalMart 56.27 47.77 54.06 +1.3 1,200
DirFnBear 12.40 -.71 -5.40 eBay 28.07 +2.39 +9.30 Pfizer 17.50 -1.4 -3
Declined Volume 4,059,370,565 2,953,948,866 Stock Footnotes: cld - Issue has been called for redemption by company. d - New 52-week low.
iShR2K 70.32 +.03 ... HuntBnk 5.69 ... ... ProctGam 63.40 +1.8 +4
Unchanged Volume 151,574,670 51,077,233 ec - Company formerly listed on the American Exchange's Emerging Company Marketplace. g - 1,150
Dividends and earnings in Canadian dollars. h - Does not meet continued-listing standards. lf - BarVixShT 12.83 -1.59 -11.00 Baidu s 107.28 +8.62 +8.70 TimeWarn 31.52 -.8 +8
Late filing with SEC. n - Stock was a new issue in the last year. The 52-week high and low figures DrxFBull s 22.56 +1.05 +4.90 Dell Inc 14.59 +.10 +.70 VerizonCm 32.09 -1.0 +3
Issues Traded 2,878 2,877 1,100
date only from the beginning of trading. pf - Preferred stock issue. pr - Preferences. pp - Holder AMEX
owes installments of purchase price. rt - Right to buy security at a specified price. rs - Stock has
Advanced 1,413 1,818
undergone a reverse stock split of at least 50% within the past year. s - Stock has split by at least 1,050 Stock Last Chg %Chg Stock Last Chg %Chg Stock Last Chg %Ch
Declined 1,406 990 20 percent within the last year. wi - Trades will be settled when the stock is issued. wd - When dis-
Unchanged 59 69 ChinaShen 3.20 +1.80+128.60 NwGold g 6.58 -.46 -6.50 PhrmAth 3.85 +.66 +20.7
tributed. wt - Warrant, allowing a purchase of a stock. u - New 52-week high. un - Unit, including
New Highs 286 362 more than one security. vj - Company in bankruptcy or receivership, or being reorganized under 1,000 GoldStr g 4.86 -.39 -7.40 NthgtM g 2.80 -.10 -3.40 RareEle g 10.11 +2.46 +32.2
A M J J A S O
New Lows 82 60 the bankruptcy law. Appears in front of the name. KodiakO g 4.26 +.21 +5.20 NovaGld g 9.57 +.10 +1.10 Taseko 6.24 -.52 -7.7
28 Sat/Sun, October 23-24, 2010
MOVERS & SHAKERS
. ..................................................
Business people on the move
SPOTLIGHT
Abington resident Lauren Ready has joined the Boston office
of The Ready Group, LLC, a direct marketing agency for the au-
tomotive industry, as director of
business development and new
media.
Prior to joining The Ready
Group, of which she holds a
stake, Ready was a marketing
coordinator at Ando Media in
Quincy.
Ready, a recent graduate of
Simmons College, received
her bachelor’s in manage-
ment and marketing.
GOVERNMENT
Massachusetts State Senate
President Therese Murray of Ply-
mouth was honored by the Home
Builders Association of Massa-
chusetts and the National Associ-
ation of Industrial and Office Prop-
erties on Oct. 13 for her efforts on
legislation designed to help foster
economic development, specifi-
cally in the building trades.
HEALTH CARE
Jeff Borkowski of Southington,
Conn., has joined Lift & Care Sys-
tems and Sure-
Hands Lift Sys-
tems of Lakeville
as a Connecticut
and Western
Massachusetts
sales representa-
tive. Previously,
Borkowski Borkowski was a
national sales and
marketing manager for Brookview
Financial in Hamden, Conn.
Pembroke resident Tom Nolan
has been promoted to director of
human resources at Welch Health-
care & Retirement
Group in Norwell.
Nolan has been
with the Welch
Group for 32
years, most re-
cently as the ad-
ministrator of
Nolan John Scott
House Rehabilita-
tion & Nursing Center in Braintree.
......................................................
GET IN HERE
Send us your Movers & Shakers. Submit photos and text about peo-
ple on the move at your company to: Jon Chesto, Business Editor, The Pa-
This weekend
FREE HOME-BUYER WORKSHOP – Quincy
Community Action Programs will host a free
first-time home-buyers workshop series. The first
workshop will be held from 9 a.m. to 2 p.m. on
Saturday at 1509 Hancock St., Quincy. The sec-
ond will be held on Saturday, Oct. 30. For more
information or to register, call 617-657-5327.
Monday
BROWN BAG LUNCH POLITICAL FORUM –
The Marshfield/Pembroke/Duxbury Business Council
will host a free brown-bag lunch featuring Daniel
Webster and Josh Cutler, candidates for state repre-
sentative. The forum will be from 11:45 a.m. to 1
p.m. at the Duxbury Senior Center, 10 Mayflower
St., Duxbury. For more information or to register,
call 617-479-1111.
Tuesday
SOUTH SHORE BUSINESS EXPO – The South
Shore Chamber of Commerce will host an expo
featuring more than 90 businesses that will in-
clude free seminars and networking events. The
event will take place from 9 a.m. to 3 p.m. at
The Lantana, 43 Scanlon Drive, Randolph. For
more information or to register, call 617-479-
1111.
QUINCY CHAMBER OF COMMERCE EN-
TREPRENEURIAL TRAINING – The Quincy
Chamber of Commerce will host an en-
trepreneurial training program focusing on busi-
ness financials. The event will be from 5:30 to 7
p.m. at 1400 Hancock St. For more information
or to register, visit thequincychamber.com.
Wednesday
INNOVATION FORUM – The Greater Boson
Chamber of Commerce will host a business semi-
nar with guest speaker Paul Sagan, CEO of Aka-
mai Technologies Inc., from 8 to 9:15 a.m. at the
InterContinental Boston hotel, 510 Atlantic Ave.,
Boston. The cost is $50 for members, $95 for non-
members. For more information or to register, e-
mail hsmith@bostonchamber.com.
BUSINESS FORUM – The North Shore Technol-
ogy Council will host a forum with area business
executives who will discuss how to put together
a winning business team. The event will take
place from 7 to 9 a.m. at the Peabody Marriott,
8A Centennial Drive, Peabody. The cost is $25
for members, $45 for nonmembers. For more
information or to register, visit nstc.org.
MARKETING PLAN WORKSHOP – Score will
host a marketing workshop from 6 to 9 p.m. at
the Metro South Chamber of Commerce, 60
School St., Brockton. The cost is $35. For more
information or to register, call 508-588-9100.
Thursday
Welch Healthcare & Retirement
Group employee Kristen
McHugh of Duxbury has been
promoted to ad-
ministrator of the
John Scott
House Rehabili-
tation & Nursing
Center in Brain-
tree. McHugh
has been with
the Welch Group
McHugh for more than 18
years, most re-
cently as the administrator of the
Brighton House Rehabilitation &
Nursing Center in Brighton.
Braintree resident Anne Marie
Jaworski has
joined Welch
Healthcare & Re-
tirement Group
team as adminis-
trator of the
Brighton House
Rehabilitation &
Nursing Center in
Jaworski Brighton. Ja-
worski was most
recently the executive director for
Royal Rehabilitation in Braintree.
NONPROFIT
Bourne resident J. T. Simms, a
former Peace Corps volunteer
who served in Niger from 2007 to
2009, has been named the first-
place winner of the Africa Rural
Connect essay contest. Africa Ru-
ral Connect is a program of the
National Peace Corps Associa-
tion. The contest was run in con-
junction with World Policy Journal.
Simms was recognized for writing
an essay that best described a
unique initiative to improve food
security in Africa.
.
BUSINESS CALENDAR
. ..................................................
Bradley Finnerty
BROWN-BAG POLITICAL FORUM – The South
Shore Chamber of Commerce will host a forum
with Garrett Bradley and Tim Finnerty, candi-
dates for state representative. The forum will be
from 7:45 a.m. to 9 a.m. at Raffael's at South
Shore Country Club, 274 South St., Hingham.
For more information or to register, call 617-
479-1111.
BUSINESS AFTER HOURS – Hingham Institute
for Savings will host a networking event from
5:30 to 7 p.m. at 5 Assinippi Ave., Hanover. For
more information or to register, visit nor-
wellchamberofcommerce.com.
SOUTH SHORE WOMEN’S BUSINESS NET-
WORK BREAKFAST – The South Shore Wom-
en’s Business Network will host a breakfast semi-
nar called “Perfecting Your Pitch,” from 7:30 to
9:30 a.m. at the Holiday Inn, 929 Hingham St.,
Rockland. Tickets are $25 for members, $40 for
nonmembers. For more information or to regis-
ter, call 781-749-8883.
Upcoming
FREE HOME BUYER WORKSHOP – Quincy
Community Action Programs will host a free
first-time home-buyers workshop series. The sec-
ond workshop will be held from 9 a.m. to 2
p.m. on Saturday, Oct. 30, at 1509 Hancock St.,
Quincy. For more information or to register, call
617-657-5327.
EXECUTIVE FORUM – The Greater Boston
Chamber of Commerce will host a business
seminar with Lowell McAdam, president and
CEO of Verizon Wireless, from 8 to 9:15 a.m. on
Tuesday, Nov. 2, at the Boston Harbor Hotel, 70
Rowes Wharf, Boston. The cost is $50 for mem-
bers, $95 for nonmembers. For more informa-
tion or to register, e-mail hsmith@bostoncham-
ber.com.
QUINCY CHAMBER OF COMMERCE EN-
TREPRENEURIAL TRAINING – The Quincy
Chamber of Commerce will host an en-
trepreneurial training program focusing on
working from home. The event will be from
5:30 to 7 p.m. on Tuesday, Nov. 2, at 1400 Han-
cock St. For more information or to register, visit
thequincychamber.com.
BUSINESS
. .......................................
I As rail expansion takes place across New England, passengers shouldn’t expect trains to travel as fast
as the Acela, shown above, which can reach 150 mph.
Not-so-fast track to success
In some parts of New England, high-speed trains not possible
Stephen Singer
ASSOCIATED PRESS
T
o passengers looking forward
to riding high-speed trains in
New England, planners have a
message: Not so fast.
Washington is spending $8
billion in federal stimulus money to
establish high-speed rail corridors
nationwide. But in populated areas of
New England where city streets and
railroad tracks intersect and trains
must negotiate curves, hills and
tunnels, travel at speeds as high as
150 mph is out of the question.
In rural New England, cattle cross-
ings can halt high-speed trains as well,
said John Zicconi, spokesman for the
Vermont Agency of Transportation.
As early as this decade, passengers
will instead board trains moving at
between 65 mph and 80 mph in
some parts of New England outside
of the coastal route served by the
Acela trains. That’s slower than high-
speed trains such as the Acela and
even further short of the 220-mph
bullet trains planned between Los
Angeles and San Francisco.
Still, trains moving at one-third that
speed should accomplish their main
Your regional planner
MARKETING TO BABY BOOMERS – The
South Shore Women’s Business Network will
host a breakfast seminar on marketing, from
7:30 to 9 a.m. on Tuesday, Nov. 2, at South
Shore Savings Bank, 1530 Main St., Weymouth.
Attendees are encouraged to bring a coffee or
beverage; breakfast snacks provided. The cost is
$20 for members, $25 for nonmembers. For
more information or to register, call 781-749.
WOMEN’S NETWORK BREAKFAST – The
Greater Boston Chamber of Commerce will host
a women's-network breakfast, featuring guest
speaker Elizabeth Nabel, president and CEO of
Brigham and Women’s Hospital. The event will
be from 8 to 9:15 a.m. on Wednesday, Nov. 3,
at The Boston Harbor Hotel, 70 Rowes Wharf,
Boston. The cost is $50 for members, $95 for
nonmembers. For more information or to regis-
ter, e-mail hsmith@bostonchamber.com.
NETWORKING EVENT FOR NONPROFITS –
The Nonprofit Toolbox will host a networking
event from 5:30 to 7:30 p.m. on Wednesday,
Nov. 3, at the Pilgrim Hall Museum, 75 Court St.,
Plymouth. The cost is $10 in advance or $15 at
the door. For more information or to register, call
781-974-8968.
FINANCIAL PROJECTIONS WORKSHOP –
SCORE will host a financial projections workshop
from 6 to 9 p.m. on Wednesday, Nov. 3, at the
Metro South Chamber of Commerce, 60 School
St., Brockton. The cost is $35. For more informa-
tion or to register, call 508-588-9100.
QUICKBOOKS WORKSHOP – The Neponset
Valley Chamber of Commerce and G.T. Reilly &
Co. will host a workshop on the basics of Quick-
books from 8:30 to 11:30 a.m. on Monday, Nov.
8, at 190 Vanderbilt Ave., Norwood. The cost is
$25. For more information or to register, call
781-769-1126.
FIRST-TIME HOME-BUYERS WORKSHOP –
Neighborhood Housing Services of the South
Shore will host a workshop for first-time home
buyers from 5 to 9 p.m. on Monday, Nov. 8, at
Bridgewater Savings Bank, 620 County Road,
Hanson. The cost is $20. For more information
or to register, call 508-895-1781.
LUNCH AND LEARN – The South Shore Wom-
en’s Business Network will host an encore pre-
sentation of “Marketing to Baby Boomers,”
from noon to 1:30 p.m. on Tuesday, Nov. 9, at
Complete Home Concepts, 28 Shops at 5 Way,
Plymouth. Attendees are encouraged to bring
their own brown-bag lunch; drinks and desserts
provided. The cost is $20 for members, $25 for
nonmembers. For more information or to regis-
ter, call 781-749-8883.
FUNDING SOURCES WORKSHOP – SCORE
will host a funding-sources workshop from 6 to
9 p.m. on Wednesday, Nov. 10, at the Metro
South Chamber of Commerce, 60 School St.,
Brockton. The cost is $35. For more information
BAY STATE BIZ
goal: drawing motorists from gas-guz-
zling, carbon-emitting cars in stop-
and-go highway traffic, planners say.
Passengers will be satisfied even
with higher speeds, not necessarily
high speeds, and avoiding driving into
New York City, fighting traffic and
looking for parking, Zicconi said. In-
creasing train speeds by just 20 mph, to
79 mph, could shave 90 minutes from
the nine-hour trip between Burlington,
Vt., and New York City, he said.
Intercity rail connecting cities to
promote economic development is an
important, though less sexy and over-
looked requirement of the federal rail
program that instead draws attention
for its high-speed initiative.
Connecticut, Massachusetts and
Vermont have received $160 million
in federal economic stimulus money
for track improvements to link high-
er-speed trains from New York City
to New Haven and north to Hartford,
Springfield, Vermont and Montreal.
Connecticut is expected to receive
an additional $220 million in federal
money, matched by $260 million in
state funding, to upgrade train ser-
vice the width of the state, from New
Haven north to Springfield.
or to register, call 508-588-9100.
FIRST-TIME HOME-BUYERS WORKSHOP –
Neighborhood Housing Services of the South
Shore will host a workshop for first-time home
buyers from 5 to 9 p.m. on Wednesday, Nov. 10,
at Bridgewater Savings Bank, 620 County Road,
Hanson. The cost is $20. For more information
or to register, call 508-895-1781.
SOUTH SHORE WOMEN’S BUSINESS NET-
WORK LUNCHEON – The South Shore Wom-
en’s Business Network will hold its monthly net-
working luncheon from 11:45 a.m. to 1:30 p.m.
on Wednesday, Nov. 17, at the Granite Grill, 703
Granite St., Braintree. The cost is $25 for mem-
bers, $40 for nonmembers. For more informa-
tion or to register, call 781-749-8883.
TREE LIGHTING – Colony Place will host a tree-
lighting ceremony from 6 to 7 p.m. on Friday,
Nov. 19, at 174 Colony Place, Plymouth, near
Panera Bread. For more information, call 508-
747-3533.
Q-UP FOR THE HOLIDAYS – The Quincy
Chamber of Commerce will host a networking
event from 5:30 to 9:30 p.m. on Wednesday,
Dec. 1, at 27 Glendale Road, Quincy. The cost is
to be announced. For more information or to
register, call 617-471-1700.
GOVERNMENT-AFFAIRS FORUM – The
Greater Boston Chamber of Commerce will host
a government-affairs forum with guest speaker
Mayor Thomas Meni-
no. The event will be
from 8 to 9:15 a.m.
on Tuesday, Dec. 14,
at the Westin Copley
Place Boston hotel, 10
Huntington Ave., Bos-
ton. The cost is $50
for members, or $95
for nonmembers. For
more information or
to register, e-mail
Menino hsmith@bostoncham-
ber.com.
Recurring
WOMEN’S BUSINESS NETWORK – The Wom-
en’s Business Network of Southeastern Massa-
chusetts meets from 9:30 to 11:30 a.m. every
second Tuesday of the month at Harbor One
Credit Union, 131 Copeland Drive, Mansfield.
For more information or to register, e-mail Moni-
ca Fernandes at monica@evolutionreiki.com .
INNOVATION ROUND TABLE – South Shore
Innovation will host a meeting to discuss innova-
tion in business at 8 a.m. every Thursday
through October at Gunther Tooties. 2053
Washington St., Hanover. For more information
or to register, visit ssinnovation.com.
HINGHAM BNI – The Gold Standard chapter of
PATRIOTLEDGER.COM
FILE PHOTO
Robert Kulat, a spokesman at the
Federal Railroad Administration, said
federal legislation in 2008 defined
110 mph as high speed. Federal
transportation officials look to states
to reduce travel time rather than
reach the 110-mph threshold, he said.
Amtrak last month unveiled a
$117 billion, 30-year vision for a
high-speed rail line on the East
Coast. It would reduce travel times
along the congested corridor using
trains traveling as fast as 220 mph.
Amtrak’s Acela trains from Bos-
ton to Washington already run as fast
as 150 mph, but they encounter prob-
lems familiar in the Northeast. South
of New York, Acela runs at 135 mph
at its fastest because of curves, tun-
nels and additional station stops,
spokesman Steve Kulm said.
Tom Maziarz, chief of planning for
the Connecticut Department of Trans-
portation, is adamant that federal and
state money will draw passengers in
New England to faster, if not high-
speed, trains by improving tracks and
stations, reducing travel time and in-
creasing frequency of trains.
“More people will be choosing to
use the train, period,” he said.
Business Network International, which serves the
Hingham, Norwell, Cohasset and Hanover areas,
meets at 11:45 a.m. Tuesdays at the Linden Ponds
retirement community, 203 Linden Ponds Way,
Hingham. For more information: contact Blair Bre-
ton, bbreton@ft.newyorklife.com or 508-559-
5518.
SOUTH SHORE NETWORKERS BNI – The
South Shore Networkers chapter of BNI meets
from 6:45 to 8:30 a.m. Tuesdays in the fourth-
floor conference room at 400 Washington St.,
Braintree . For more information: call Kevin
Frawley, 617-759-1493.
SPEAKING WORKSHOP – South Shore Solilo-
quy, a local chapter of Toastmasters International,
meets from 7:30 to 9:30 p.m. on the second and
fourth Tuesdays of the month at the Kingston
Public Library, 6 Green St., Kingston. Visitors are
welcome; attendance is free. For more informa-
tion: visit soliloquy.freetoasthost.com.
QUINCY-BRAINTREE BNI – The BNI Quincy-
Braintree chapter meets from 7 to 8:30 a.m.
Wednesdays at the River Bay Club, 99 Brackett
St., Quincy. For more information: call Kelly
Moore, 781-249-0404.
DERBY STREET BNI – The Derby Street chapter
of BNI meets at 7 a.m. on Wednesdays at the
Church of the Nazarene, 385 Ralph Talbot St.,
Weymouth. For more information: call Michael
Covais, 617-328-8735.
SOUTH SHORE BNI MEETING – The BNI South
Shore Chapter meets from 7:30 to 9 a.m. on
Thursdays at 412 Furnace St. in Marshfield. For
more information: call Phil Howard, 617-803-
1516.
NORWOOD BNI MEETING – The Norwood
chapter of BNI meets from 7 to 8:30 a.m. on
Thursdays at the Old Colonial Cafe, 171 Na-
hatan St., Norwood. For more information: call
Paul Smith, 781-389-4233.
BUSINESS ALLIANCE BNI MEETING – The
Business Alliance chapter of the BNI meets at
8:15 a.m. on Tuesdays at the Beal House, 222
Main St., Kingston. For more information: con-
tact Jo-D Frahlich, jsf@ecobusiness.com.
SNUG HARBOR BNI MEETING– The Duxbury
Snug Harbor chapter of BNI meets at 7:30 a.m.
on Thursdays at the Kingsbury Club & Spa, 186
Summer St., Kingston. For more information: call
Christopher Magwood, 781-248-8693.
REVERSE-MORTGAGE SEMINAR – Advanced
Mortgage Services hosts free reverse-mortgage
seminars for homeowners ages 62 and older
from 10 a.m. to noon every Friday at its office at
335 Washington St., Norwell. Reservations re-
quired. For more information: call 888-665-
6345.
I Items for the calendar may be e-mailed
to biznews@ledger.com or faxed to 617-
786-7384. A more extensive list can also be
found at patriotledger.com/business/inbrief.