Bernacke's ability questioned?

Houses are down the first quarter. Donal Trump blames it on Ben Bernacke for
interest rates being too high. He claims we need Alan Greenspand back.

Save money, Stay home.

Save your money by spending this weekend at home. Gas will average #3.20 nationwide.

Home Depot first, now Lowe's, announce their troubles

It seems that everything connected with houses is having trouble. Both Lowe's and
Home Deport profits are heading south. I guess people don't want to spend money on
the houses they already own or owe for.

Wolfowitz is Stepping Down

Wolfowitz seems not to be going quietly into that dark night. Did he really do
anything so wrong?

The Bull rages on

There seems to be no end in sight of the bull as he tears up Wall Street? A few weeks
the dow went over 13,000 for the first time. Now it has climbed almost halway
between 13,000 and 14,000. It may not be a good time to be buying a
Money Making Funds, but should you sell just yet?

Walmart Needs to Carry a Greater Variety of Computers, or just some computers

Just what we need. More televisions being sold at Walmart? Why don't they offer more
computers and less t.v.s? Have you tried to get a computer at Walmart lately. It's almost
impossible, unless you want a laptop.

Go green

Go green and save money too! and you can do it at your local Walmart. Buy the new kind of
light bulbs that lasts much longer and use 25% less power. Cut down on this Global Warming
crap.

Tougher to qualify for Home Mortgage

There will be less mortgage loans to people who are a risk credit-wise.

The Queen Visits in the South

The Queen is visiting the Southland, and tomorrow she will attend the Kentucy Derby.
Though I wouldn/t be my Money Market Savings Account
on Teuflesberg, I sure hope he wins.

Invest in Dow Jones

Some predict that the price of oil will skyrocket if we pull out of Iraq, and Islamic Extremists
are in control of the situation. Will the Bancroft family sell their beloved Dow Jones Company?
Today may be a good day to take some money out of your Money Market Savings Account
and invest it in the Wall Street Journal and it's parent company.

Will Prince Harry go or not?

Will Harry go to Iraq, in spite of threats from Islamic radicals, that if he comes,
the only way he will leave is in a box? I know the Royal Family believes in duty,
but this war is so different from wars of the past.

Dow tops 13000

Dow goes over 13,000, a milestone. But is this good?

Since Fed sees our economy as making only modest growth lending rates will probably
be cut.

Neither of these important facts affecting your
Money Market Savings Account I Bet.

NFCU

Navy Federal Credit Union is a great place to bank, if you are or can be a member. The rates
are good for savers, and if you need to borrow the interest rates are good.

Dow goes over 12,000 in Morning Trading.

The Question is will it close today over 12,000?

Price of oil is down.

Price of oil is down, interest rated on mortgages is down, the economy is slightly up.

Virginia Tech Tragedy

It seems as if the whole nation is in mourning. It's truly sad for the survivors, who should be
having the best times of their lives. Now they must confront mortality, death, finality -
the hardest concept of all to deal with.

Maybe with some of your money market account, you should invest in
Banks. Citibank and Bank of America were two of the most profitable businesses in U.S. last year. And Wachovia increased its profit by 22%

Homes headed South

Beware of the Real Estate Bubble. It may not keep get propped up any longer by lowering
interest rates. According to the Motley Fool the real estate people are finally stating the
obvious.

You should try to keep only a minimum amount in regular savings account. In your Money Market Savings Account , keep at a minimun six months of expenses. The rest of your investments should be in the many types of Money Making Funds , real estate, or businesses.

We should be doing it like the French!

Well you might need to rob your Money Market Savings Account just to pay the corner gas station. Oil prices have become one endless rollcoaster ride. Perhaps we should have been more like France and invested in nuclear energy and extremely fast trains.

Well this Easter it was truly a miracle that we will be able to enjoy our peach cobler this summer. For it look as if the peach crop was going to get wacked in Alabama.
What ever happed to trickle down economics. I keep hearing of the price of oil is going down, yet every time I go to fill er up, the corner station has gone up, up, up, in price.

Unemployment is at 5 year low.

Many people became employed this march. The stock market has gotten higher each day of
holy week.

Some things look brighter today

Sales on homes were up last month. The price of oil is up, up, and away. The Dollar is getting
stronger.

GoogleNews Headline

CNNMoney.comYouTube gets a rivalComputerworld - 2 hours agoMarch 22, 2007 (Computerworld) -- In a frontal assault on rival Google Inc. and its wildly popular online video division, YouTube Inc
SabahOracle files lawsuit against rival SAPSan Jose Mercury News - 46 minutes agoBy Ryan Blitstein. Redwood City software maker Oracle filed a lawsuit today against arch-rival SAP, alleging "corporate theft on a grand scale" by the German software company.
ScotsmanEU ministers approve 'Open Skies' pactMoneyweb - 1 hour agoEU transport ministers backed a landmark accord on trans-Atlantic air travel that will widen opportunities for both European and US carriers, notably at London's Heathrow.

From the Irish Examiner

"Irish Examiner Breaking News -


20/03/2007 - 1:10:12 PMMcJob definition 'insulting to workers' McDonald’s is launching a campaign to change the Oxford English Dictionary’s definition of a McJob.The fast food chain says the current entry is “out of date” and “insulting” to workers.A McJob is described in the dictionary as: “An unstimulating, low-paid job with few prospects, especially one created by the expansion of the service sector.”McDonald’s plans to launch a petition calling for the term to be changed.Its chief people officer in northern Europe, David Fairhurst, has written to a number of organisations seeking their support.Referring to the dictionary definition of the McJob, his letter says: “We believe that it is out of date, out of touch with reality and, most importantly, it is insulting to those talented, committed, hard-working people who serve the public every day.”

The campaign follows the fast food chain’s publicity drive last year to tackle “negative misconceptions” about working for the company.It launched posters in 1,200 restaurants playing up the positive aspects of working for McDonald’s.The campaign used the phrase “Not bad for a McJob” to put a positive spin on the term.Responding to McDonald’s new campaign, an Oxford University Press spokeswoman said the term McJob entered the dictionary in March 2001.“We monitor changes in the language and reflect these in our definitions according to the evidence we find,” she said.

Boyscout found in N.C. Mountains.

Boyscout found in the mountains dehydrated. No foul play. Britain inflation rate is up 2.8%

2 European Banks are joining forces.

Britain's Barclay Bank and ABN Amro ( A Ductch Bank) are merging. 2 Airbus A 380s take
off today from Germany to U.S. soil - one N.Y. and the other one lands in L.A. Airbus hopes
to sell some planes to some American airlines.

Walmart vows to stay out of banking.

After uproar in Congress, Walmart gives up banking idea. According to Reuter, the two giants
Microsoft and Cisco are getting ready to duke it out. From Bloomberg, I read that because of
all the subprime mortgage defaults hurting the investment community, Greenspan predicts
a recession at year's end.

As the financial world turns

Walmart is trying to take over banking? Bernacke is scared. What will happen to the Chicago
Merchantile Exchange? Cisco buy WebEx. Microsoft buys a speech recognition firm. So perhaps
it want be long before you and your computer can have a real conversation.
and oh yea - the market is up at the moment in spite of rising inflation.

Halliburton moves corporate office out of country

Halliburton moves corporate office from Houston to Dubai.

The Roller Coaster Ride

The stock market keeps going up and down. But many think the Bull has not finised his ride.

Bill Gates is worried about a brain drain due to visa not being granted . He is losing some of his
Einsteins. He also worries about America keeping its competitive edge in technology.

A Canadian Insurance Company is having a feud with some powerful hedge investors. Fairfax
has filea suit claiming hedge funds were out to destroy them.

Being Groomed by Warren Buffett

The stock prices fell again today. Mortgage rates have fallen. And the price of a barrel of oil has
dropped. Yet where I buy gas, overnight it increased by a dime a gallon.

Warren Buffett is looking for the ultimate apprentice. He recently loaded up on stocks for his
Berkshire Hathaway.

Suze Orman on Larry King

After Wall Street's great plunge yesterday, Suze Orman was on Larry King last night talking
of what a good time to shop for some stocks. TODAY Ben Bernanke calmed Wall Street down,
and the market recovered a hundred points.

Wall Street Journal Clip

The dollar is weaker against the yen and little changed versus the euro early Monday amid jitters over subprime-mortgage weakness and geopolitical tensions between the U.S. and Iran.
The euro stood at $1.3172 from $1.3166 at Friday's close, while the dollar changed hands at 120.51 yen versus 121.09 yen. The dollar was at 1.2305 Swiss francs versus 1.2330 francs; sterling was at $1.9623 versus $1.9635.
Also weighing on the greenback are renewed worries about central bank reserve diversification and concerns that a ...

International Herald Tribune report Rise in Oil Prices

Light, sweet crude for April delivery rose 22 cents to US$61.17 in electronic trading on the New York Mercantile Exchange by afternoon in Europe. Brent crude for April was up by 42 cents to US$61.04 a barrel on London's ICE Futures Exchange.
Nymex prices jumped 88 cents Thursday to settle at US$60.95 a barrel, continuing a rally that analysts said has largely been driven by demand for petroleum products.
U.S. crude inventories climbed 3.7 million barrels to 327.6 million barrels in the week ending Feb. 16, the Energy Information Administration said Thursday. But what stoked the market's advance were gasoline inventories falling by 3.1 million barrels to 222.1 million barrels, and distillates, which include heating oil and diesel, dropping by 5 million barrels to 128.3 million barrels.

Analysts were expecting, on average, a modest rise in crude oil and gasoline inventories and a smaller drop in distillates.
"Cold temperatures and refinery maintenance in the U.S. are seen to be responsible for the considerable stock draw," said Vienna's PVM Oil Associates. The high demand has been sparked by chilly weather and snowstorms in the Northeast and Midwest regions of the United States. Distillate fuel demand was nearly 10 percent higher over the past four weeks than it was over the same period last year, the EIA said.
Supplies remain relatively ample — U.S. crude, gasoline and heating oil stockpiles are at or above the average range for this time of year, the EIA said.
Natural gas futures fell nearly 12 cents to US$7.609 per 1,000 cubic feet on the Nymex and heating oil rose more than a penny to US$1.7395 a gallon (3.8 liters.)
Tetsu Emori, the chief commodities strategist with Mitsui Bussan Futures in Tokyo, said it was likely oil prices would remain within a tight range of US$57 to US$62 a barrel in the coming days.
___
Associated Press writer Tanalee Smith in Singapore contributed to this report.

Prince Harry is going to War in Iraq

How will this affect the situation? Will it cause futher chaos?

Is Howard K. Stern a victim or a criminal? Is he a real dad or bahamian dad? Where will the
blonds bombshell be laid to rest?

Dow Jones Industrial Average hits 12,791.21.

Cnn Headlines

Companies
• Alltel wows Wall Street
• New River bought for $2.6B
• Jury: Wyeth's HRT caused cancer
• Weyerhaeuser wins in high court
• Bob Wright's next move
Jobs & Economy
• Fed national activity index slumps
• Housing starts plunge
• Manufacturing in big drop
• Mixed reviews for new dollar coin
• Import prices sink on oil

Technology
• Viacom in deal with YouTube rival
• Motorola exec quits to join Dell
• Get-a-Mac ads backfire in the U.K.
• YouTube anti-piracy move jeered
• Microsoft falls on CEO's warning
Small Biz
• Jingles for sale
• A retro clothing business profits
• Madison Ave.'s do-it-all startup
videoSleeping to a profit
• 7 top candies

Personal Finance
• Omnicom: Advertising pays
videoEnergy saving tax deductions
• Kicking the urge to lose money
• 10 don't-miss tax breaks
• Turning $500k over to a planner
Real Estate
• Latest home prices: 149 markets
• Mortgage rates edge up
• Housing boom hangover
• How the rich and famous live
• Defaults: Latest housing w

Money Market Savings Rates

Rates on Money Market Accounts are between 5 & 6%. A little bit more than inflation,.

Bulls are on a rampage

The Dow Jones Average closed near 1300 on Valentine's Day, it's alltime highest.

When Ben Bernanke speaks, shouldn't we listen

Income gap is increasing danger to U.S. economyPublished February 14, 2007
When Federal Reserve Chairman Ben Bernanke finishes his opening statement before the Senate Banking Committee on Wednesday, I wouldn't be surprised if Democrats now in control of the committee say, in the words of Peggy Lee, "Is that all there is?"Commentators in the financial markets do not expect much news from Bernanke's semiannual monetary policy report to Congress. He will bang the drum slowly on behalf of fighting inflation and portray a resilient U.S. economy.Beyond that, there's not much to say."There was remarkable complacency about most global economic issues," economic consultant David Hale told clients after attending the recent global economic conference in Davos, Switzerland."The conference was remarkably sanguine,," Hale said. "There was no tremendous concern about the global business cycle."Worries about the U.S. housing market and the looming U.S. trade and fiscal deficits are old news. Instead, the Davos elites talked about other issues: global warming and the prospect that President Bush will launch another war."Other issues" might well be on the minds of the Senate Banking Committee and the House Financial Services Committee, which he will speak to Thursday.Indeed, Bernanke has opened the door to questions beyond the usual ones about economic growth and inflation. Last week he devoted an entire speech to the Greater Omaha Chamber of Commerce to the problem of the growing income gap that divides Americans."No one should be allowed to slip too far down the economic ladder, especially for reasons beyond his or her control," he said. "Like equality of opportunity, this general principle is grounded in economic practicality as well as our sense of fairness."The speech received scant press coverage. The financial press ignored it, because he didn't give any hints about the next blip in interest rates. Political reporters don't cover the Federal Reserve.Between 1979 and 2006, those in the bottom 10 percent of wages saw their wages increase just 4 percent, while the wages of those in the top 10 percent rose 34 percent, Bernanke said. After-tax income of those in the top 1 percent of household income increased to 14 percent of total household income in 2004 from 8 percent in 1979.These statistics are not new. Neither is the subject of the income gap, which President Bush acknowledged recently.Bernanke's predecessor as Fed chief, Alan Greenspan, expressed concerns in congressional testimony in July 2004."This issue has regrettably been going on for 15 years or thereabouts," he said. "I think the effect of increasing concentration of incomes is not desirable in a democratic society."Last week Bernanke said, "If we [do] not place some limits on the downside risk of individuals affected by economic change, the public at large might be less willing to accept the dynamism that is so essential to economic progress."The statutory role of the Federal Reserve does not give it much power to address directly the issue that Bernanke raises.But in Washington, where leadership on economic matters is hard to find, the fact that Bernanke and, before him, Greenspan, felt the need to speak out on the divide between the super-rich and everyone else means the problem, like global warming, is real.----------bbarnhart@tribune.com
You can search for more columns in our archives.
Copyright © 2007, Chicago Tribune

Falling Dollar ,Euros & Yen rise in value

By Wanfeng Zhou, MarketWatch. NEW YORK (MarketWatch) -- The dollar fell against other major currencies Tuesday after a government report showed the US trade gap widened more than expected in December.gap widened more than expected in December.

According to MSNBC because of higher oil prices and because of possible rising inflation,
Federal Reserve Chairman Ben Bernake may raise the interest rates.

According to Bankrate.com , Money market Accounts' ratees vary from o.75% to 5.31% this week.

You can never have too much.

Money! The beauty of compound interest as espoused by one of our founding fathers, Ben
Franklin over 200 years ago.