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The Fed lowered rates three times the second half of 2019 trying to avert a potential slowdown in the economy. So far, they’ve done a good job. At the end of 2019, the unemployment rate stood at 3.5 percent and all three equity indices stood at near or all-time highs. Mortgage rates stood at near historic lows with the 30-year at 3.5 to 3.875, the 20-year at 3.375 to 3.750 and the 15-year at 3.125 to 3.375. Where are mortgage rates headed from here? According to economists from Fannie Mae and Freddie Mac, mortgage rates should slightly trend down in …

Talking about the concept of email in Italian is tricky.  For one thing, the word “email” is an English abbreviation for “electronic mail,” and this abbreviation is not easily translated into Italian. For another thing, the way English speakers and Italians talk about email has evolved with each technological advancement in communication, and will probably continue to change in the future.  We may find that the terms we use in this blog today have been abandoned for different terms tomorrow! But, let’s try anyway to talk about email the way Italians do — at least for now and hopefully into the …

One of the downsides of selling an investment property is the capital gains tax that the IRS requires you to pay. But the IRS also provides you with an out know as the 1031 exchange. This method allows you to defer capital gains tax liability when selling an investment property by purchasing another like-kind property with the profit gained by the sale of the first. There are guidelines that must be followed and conditions that must be met in order to qualify, and that process starts with filling out the necessary paperwork providing information about the properties you’re looking to …

When we were in our 20s, it was a whole different ballgame. Way back then, we couldn’t possibly have predicted what our life would be like as we enter this new decade of the 2020s. We’re all aware that the Roseland we grew up in has changed dramatically over time and some of us former Roseland residents have taken daytime trips to today’s Roseland to see just how much change time has wrought. Many of the houses we grew up in have had their date with the wrecking ball. Some fell apart sooner rather than later for lack of tender …

In my mother’s hometown in Italy, people don’t ask, “What is your name?” Rather, they ask, “To whom do you belong?” You answer with the family name, actually most of the time with the nickname by which your family is known in town. The importance of belonging to a family, to a community, comes before one’s own individuality. The community shares the same values, customs, traditions and dialect, as well as hopes, beliefs and expectations. Italians who left Italy and came to this country have maintained many of those values and traditions. The fourth- and fifth-generations Italian-Americans of today are …

Nowadays, there are as many ways to tour Italy as there are cities to visit and sights to see. You can travel with a companion, charting your own course and booking everything yourself, or you can sign up for a large-group tour that takes you by the hand and attends to every detail. And then there are the countless small-group options dedicated to exploring the country’s many facets and out-of-the-way places. When my wife and I decided to celebrate our 35th anniversary in Italy, we invited my family along for the ride. From that tiny seed a truly magical adventure …

Christmas is a time for celebration, but how celebrate has changed over the centuries. How do you celebrate Christmas? Do you embrace the more secular version embodied by Santa Claus with his big bag of presents, or the more religious one in which gifts are given in recognition of God’s gift to us of His Son Jesus Christ? One tradition I embrace is the Christmas story told by Mario Avignone, the founder of this column. Fr. Pierini asked him decades ago to start writing Petals as a way of keeping Roseland alive in our hearts. In my 10-plus years as …

How to Use Benvenuto! and Italian Holiday Party Conversation “Benvenuto!”* and its variations (Benvenuti! Benvenuta! and Benvenute!) are frequently used Italian interjections that all mean “Welcome!” Guests (gli ospiti) to an Italian household can expect to hear these words as a warm greeting before crossing the threshold into the home (casa) of the host or  hosts (la padrona di casa/il padrone di casa or gli ospiti).**   Whether family, friend or acquaintance, every guest will be greeted warmly as a sign of the Italian dedication to hospitality for all. And, of course, the Italian Christmas season, which starts in early December and lasts until early January, …

I write in response to André Dimino’s article “Hey, NEA! No Way!” about the NEA’s resolution concerning Columbus Day. First, let me establish my bona fides to address this issue. My father, maternal grandfather and maternal great-grandparents were all born in Italy — every drop of my blood traces back to Italy. So, I am as Italian as one can be. I am also a teacher of 26 years experience, and for the last 18 years, I’ve been a dues-paying, rank-and-file member of the National Education Association. In fact, for 17 of those 18 years, I’ve held some kind of …

When the Representative Assembly of the National Education Association recently voted in favor of replacing Columbus Day with Indigenous Peoples’ Day, it offered precious little by way of justification. Here is the full text of its resolution: “The National Education Association believes that the history of colonization needs to be recognized and acknowledged in every state. To do so, the Association believes that the name of the current holiday known as ‘Columbus Day’ should be renamed and recognized as ‘Indigenous Peoples’ Day’ in recognition of the early indigenous peoples who were living in the United States before colonization by European …