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Question: Mario Gabelli says the animal spirits in the markets  awakened by tax reform and strong corporate profits  are creating a new wave of merger activity and opportunities for investors.
 Gabelli  says  he 's a buyer of General Electric shares after  their  recent pullback  based on  its  industrial business. GE shares are up 1.5 percent on Monday.  He  said  his  firm is just starting to buy.
Live entertainment is an opportunity for investors   Gabelli  said  saying  he  likes Liberty Braves (which is Liberty Media Corp. Series C)  and Madison Square Garden.
 He  owns shares of casino operators Wynn and MGM and says  he  would continue to hold Wynn even without  its  CEO  Steve Wynn  at the helm. Wynn shares are plunging  down another 8.7 percent on Monday  after the chief executive was accused of sexual misconduct over a number of years. MGM's stock is up 2.2 percent.
 Gabelli  also said oil services companies are well-positioned  saying  he  is adding to  his  holdings of Halliburton and buying shares of a smaller Minneapolis-area fracking company called Twin Disc  sending  its  shares up 14 percent in midday trading Monday.
 Gabelli  said  "I'm still very optimistic as I generally am over the next six to nine months."  He  says  he  doesn't believe the market is overheated at the moment.
"It's not like 1999 when doctors were looking at the quote machines while they were operating "  Gabelli  said. "You're seeing a flow of funds. Is it too much? Not yet."

Answer: Gabelli : merger activity makes him optimistic about markets


Question: But no matter who wins the national election  few believe that Greece can go on without a major overhaul of its government. In Thessaloniki   Mr. Boutaris  has been trying to do that on a local scale for 18 months  bringing  his  experience as a businessman to bear on the bloated work force  the tangled regulations and the huge debt that afflicts the city  much as it does the country.
Many of  his  efforts have prompted city workers to strike and protest. But  he  is undeterred. Nor does  he  have any patience for the shop owners who have ignored  his  efforts to clean up the look of this gracious but somewhat shabby city by enforcing rules about modest signage.
âThere was one guy who said to me  he  wants Thessaloniki to be like Hong Kong â  Mr. Boutaris  said with a shake of  his  head and an expletive. âWell  I said  âI donât want to be like Hong Kong. You think your business will be destroyed because you donât have a sign on the fifth floor? I donât think so.â â
Thessaloniki was about $126 million in debt when  Mr. Boutaris  a successful winemaker   was sworn into office. ( His  predecessor has since been indicted  along with 17 others. They are accused of stealing almost $38 million.) The city was doing a poor job of delivering basic services  most importantly in garbage collection. It was losing manufacturing jobs to Bulgaria. And as far as  Mr. Boutaris  was concerned  Thessaloniki was far from meeting its potential as a tourist attraction and a port city that offers easy access to the Balkans.
 Mr. Boutaris  has hardly solved all the issues. But  he  is already widely credited with increasing tourism  which  he  sees as a way of generating revenues without the need for expensive investment. Brushing aside centuries of tense relations with Turkey   Mr. Boutaris  set off to Istanbul to initiate a campaign to attract tourists.
Shortly afterward  Turkish Airlines resumed flights here  and the number of Turks visiting the city â the birthplace of Turkeyâs first president  Mustafa Kemal Ataturk â doubled last year.  Mr. Boutaris  has also reached out to Israel because the Thessaloniki region  with a population of about one million  once had a large Jewish population. Cruise ships now stop here more frequently.
At the same time   Mr. Boutaris  has taken measures large and small to rein in the budget.  He  hired an auditor to get to the bottom of the cityâs finances  which until recently still involved cash transactions into city pension funds. (Employees were handed stacks of bills and told to make deposits. This is said to have played a large roll in the indictments.)  He  has forced workers to account for their overtime  started a recycling program and traded in  his  limousine for an economy model. So far   Mr. Boutaris  has reduced costs by 30 percent.
âWhat I am trying to do is to open all fronts and create a huge turbulence â  Mr. Boutaris  said. âWhen you propose the slightest change  people say no. If you do it all at once  it is a different thing. Something has to break through.â
âAnd you cannot step back â  he  added. âIf you step back  you lose.â
 Mr. Boutaris  is a rarity in Greece  where most people who seek higher office are career politicians.  He  won election by just 300 votes.  He  is unusually candid  by Greek standards  about  himself .  He  has admitted to being an alcoholic and no longer drinks. And  he  was divorced for seven years and then remarried  his  wife.
Residents here talk about how approachable  he  is compared with the usual politician.  He  rides a bicycle around town and sits in cafes like everyone else  debating the cityâs problems. In fact   Mr. Boutaris  denies  he  is a politician.  He  says running the city is just a project  something to keep  him  busy now that  he  has turned  his  wine business over to  his  three children.
âMy wife said  âYou need to find something else to do â â  Mr. Boutaris  says of  his  decision to go into politics.
 HE  initially joined the Communist Party  but soon resigned.  He  considers  himself  a socialist  but belongs to no party.  His  goal   he  said  is to make Thessaloniki a place where businesses can flourish. But  he  is not happy with the local merchants. The small shopkeepers   he  said  do not want to pay taxes and complain that the malls are undercutting their business.
 Mr. Boutaris  says they must stay open later to compete with the malls  which are open until 9 p.m. But the shop owners are not interested. Another expletive.
Before taking office   Mr. Boutaris  was known for  his  winery and for establishing a preserve to protect bears and wolves.  He  says  his  intent was to preserve the forest  but the bears were an easier selling point. âEverybody likes bears â  he  said. âThe forest would have been harder.â
The garbage trucks are also a problem. More than half are out for repairs at any given time. So  Mr. Boutaris  has decided to contract the maintenance to a private company. City workers promptly went on strike  fearing further privatization. âIt will be settled soon â  he  said. âIâm 70 years old  and I believe I know what I am doing.â

Answer: Thessaloniki Tackles Greeceâs Problems in Miniature


Question: In an interview with Fox News Sunday 's Chris Wallace , Mitt Romney acknowledged just how much his "47 percent" comments -- in which he all but wrote off the votes of half the country -- had negatively impacted his chances of being president : "That hurt . 
Romney 's admission of the damage done got us to thinking -LRB- again -RRB- about why exactly the remark hurt him so badly . 
Candidates need to adjust accordingly or face the prospect of adding their names to a list that Romney headlines at the moment . 
The conventional wisdom is that "47 percent" hurt so much because it played directly into the stereotype of Romney as an out-of-touch rich guy that President Obama and his campaign were playing up . 
The power of these "candid candidate" moments is that they present a jarringly different image of a politician than the one he or she is presenting to the public and raise questions among voters about who the real Mitt Romney or Tom Daschle or Bob Etheridge actually is . 
The truly terrible thing for Romney was that the remarks not only came directly out of Romney 's mouth but were also documented on video . 
Imagine for a second if Romney 's "47 percent" comments had never been captured on video and rather only been quoted by someone in attendance . 
Yes , it still would have been a story that Romney would have had to address but it 's hard to imagine that it would have been the definitive moment of the campaign -- as it turned out to be .

Answer:
Why Mitt Romney 's "47 percent" comment was so bad .