Even General Electric

Now it seems like everyone is trying to get on the Wall Street Journal Action.
Will General Electric be its future owner? The Bancroft Family doesn't seem to know
what they want, or do they just want a whole lot of greenbucks?

Do you keep your money in the bank at Wachovia?

A lot more people will be keeping their Money in the Bank at Wachovia in one form or another? Not only are they in many states, but they are buying A.G. Edwards, the brokerage firm.

Chinese Stock Market Stumbles

Chinese Stock Market had a tumble. It had some effect on the Dow and U.S. Stock
Markets. It went south, but nothing serious. A lot of jobs were created in
May. But one of the large businesses, Pulte Homes will cut their workforce by
2,000 jobs.

You can now buy Dell at Walmart or Sam's

In June, you will be able to purchase Dell computer at Walmart or Sam's. I wonder
if this has been the reason that Walmart has had few computers in stock the past
few months.

Get you Money out of low yiielding savings account

Only leave a minimum amount of your Money in the Bank
in a traditional savings account at present. Invest in a Money Market Savings Account
or CD. Or almost anything else that you fill confiednt with.

Cabs in N.Y. going green

Soon you may be able to do online the programs like Microsoft Office on Google.
They are trying to partner with Salesforce. New York Cabs will all be Hybrids in
5 years.

You are Actually Loosing Money now if you money in the bank is in a Passbook or Statement Account

As the interest rate on savings accounts has fallen, small, risk-averse savers have been hit hard. Someone with $100,000 in a savings account in 2000 was earning $2,000 to $3,000 a year. For the last two years, he has earned under $1,000 a year, maybe as little as $600. Last May, one survey reported the following: the typical saver was losing money!

Bankrate.com’s spring 2003 survey of passbook and statement savings interest rates shows that interest rates are continuing to plummet. Once again, rates have reached an all-time low since Bankrate.com began tracking these rates in 1987.

The national average interest rate for passbook accounts is 0.60 percent. That’s down from 0.80 percent last fall and 0.87 a year ago. Passbook accounts, in which customers track their deposits and withdrawals in a little book, are fairly rare.

Traditionally, passbook accounts have paid less than the more modern statement savings account. But in this survey, the results are equally dismal. The national average for statement savings accounts is 0.60 percent, down from 0.82 last fall and 0.92 a year ago.

If you put $500 in a savings account and left it there for a year, you’d get $3 interest, since the rate and the yield are the same. If you were in the 27 percent tax bracket, that $3 would be whittled down to $2.19. Subtract 3 percent for inflation and you have about $487 in buying power.

That was May. By October, the national average for banks was under 0.4%.
This information is taken from an article "Sitting on a String" by Gary North.


So you are loosing money, for the rate of inflation is more than the interest rates
the banks are paying. Your
Money in the Bank


is earning less than inflation is costing you

Prince Harry doesn't go to War After all.

The Brits wised up and are not allowing Prince Harry to go to war in Iraq.
The forces there can't even protect the newspeople, much less Royalty.

Is the Market Overheating?

Is the market overheating, or has the bull got a lot more roaring to do? Should you
sell some of you funds or stocks and put more Money in the Bank ?

What about Rupert Murdoch?

Would the Wall Street Journal be a better newspaper with Rupert Murdoch? After all, he
does want to grow the company. It is rumored that alll the Bancofts are interested in is the
money they make through the stock's dividends.

Wolfowitz accused of Wrong Doing

Many European Leaders are calling for Wolfowitz to step down from his role in the World Bank.
He claims his reputation is being smeared for unjust reasons.

Are You Betting on Teuflesberg?

Don't be foolish an bet all your Money Market Savings Account
on the Kentucky Derby tomorrow. Personally I'm pulling for Teuflesberg. I sure hope
the Queen sees this horse bought for a few thousand triumph over million dollar thoroughbreds.

General Motors Problems Increase

General Motors has less Money in the Bank

because of GMAC and sub prime rates.
Is the Wall Street Journal worth $5 Billion? Rupert Murdock thinks so. Some claim
he is trying to spar with CNBC and the Dow Jones Company would fit in nicely with
his goals for his business t.v. channel?

Oil - an American Addiction

No matter what the price of a barrel of oil is, the price of gasoline keep going,
up, up, up. Instead of you having money in the bank, Exxon Mobil is despositing
all the public's money to their bank accounts.

Interest rates predicted to come down.

Since economy is only growing slowly, feds will probably lower interest rates to
borrowers.

If you have taken much of your money and ivested it in a dow index fund, you would
have news to celebrate today. The DOW broke 13,000.

Money in the Bank

I've just read that Citibank online and ing online bank are two good on-line banks that pay good
interest on savings accounts, and are FDIC insured. It would be a good place to store your Money in the Bank for emergency funds.

How will Dow close today.

The Dow was over 12,000 in morning trading.

U..S. economy grows a little

The economy is slightly up, the price of oil is down, and if you are presently buying a home, the
interest rates dropped this week.
I have developed more empathy for the people in Iraq this week after tragedy in Va. Iraquis
experience mass suicide murders on a daily basis.

What happened at Virginia Tech

The news of the week is the talk of the town. No really, the nation. When kids should be enjoying
life , they have to take time off to grieve about their contemporaries in Virginia.

What happened at Virginia Tech

The news of the week is the talk of the town. No really, the nation. When kids should be enjoying
life , they have to take time off to grieve about their contemporaries in Virginia.

Banking is Profitable

Among the five most profitable businesses in the U.S. last year, two were
banks. Citi Bank and Bank of America. Walmart did most business and
Exxon Mobil was the most profitable company in the U.S.

Is your Home a Good Investment?

I just read in the Motley Fool News that a home is a bad investment. Robert Kioysaki who wrote Rich Dad, Poor Dad is of like opinion. They are not saying not to buy your own home,
just don't view it as some great investment. Whatever you do , do not buy one you can not
afford, or one that is price to high.
It's no disgrace to rent and with the extra money, you can put in Money Market Savings Account , or some other Money Making Funds .

What happened to trickle down economics?

Well the price of oil has gone back down. Yet you go to the gas station and the only place the
price seems to be headed is up, up , and away.

The Brits have Come Home

The British sailors and marines are back in England. This has helped the price of oil come down
in the world's market. Employment is at a 5 year low in the U.S. And Wall St. has a joyous
holy week, the bull is still around.

New Central Financial Corporation goes bankrupt

"Another One Bites the Dust" - New Central who specialize in sub-prime mortgage loans is
another sad story connected with the housing market.
Many a stockholder probably wished he had just kept his Money in the Bank.

Can things get any worse?

Bernacke is worried about inflation. Home Prices weaken. Oil prices keep rising . And today
the stockmarket is down. Delta is putting its stock for sale again on the New York Exchange.
Scandinavian countries are becoming tops at technology innovation, while U.S. falls behind.
Iran keeps flexing its muscle.

Excerpt From Bloomberg.com

March 23 (Bloomberg) -- TD Banknorth Inc., the U.S. consumer-banking unit of Toronto-Dominion Bank, plans to cut 400 jobs and close as many as 24 branches in New Jersey, New York and other states after profit declined in five of the last seven quarters.

Google News Headlines

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.European UnionMinisters 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.

Euro falls in relation to dollar

The Euro falls slighty against the dollar. Interest rates in Euroope have been rising, while in
U.S. they have stayed the same. According to the Houston Chronicle.

Boyscout found in N.C. Mountains.

Boy Scout found in the mountains, so there was no childhood molesters or kidnappers involved.
Great Britain's inflation raises a modest 2.8% for last 12 months. Barclay Bank stocks and
ABN Amro stocks are on the rise. It's a sad week for animal lovers, what's worse - the petfood
companies knew about contamination last month.

Bank Merger between 2 European Banks

British Bank and ABN Amro ( A Dutch Bank) will be soon one of the 5 largest banks in the world.
First Airbus A380 s land in U.S. on in New York and one in L.A. Airbus hopes to get some
U.S. customers.

Walmart gives up on idea of takeover of banking

Usually it's goals are accomplished. However, Congress made such an uproar, that Microsoft abandons it's delusions of grandeur. Get ready to see the two giants, Microsoft and Cisco fighting in a ring near you.

Walmart has its eyes on banks

Congressmen are fearful that Walmart is trying to get into the Banking Business in a big way.
Bernake warns against the mixing of commerce with banking - thinks we should keep them
separate.

Halliburton moves corporate office out of country

Halliburton moves corporate office from Houston to Dubau

North state's Emmerson on Forbes list of billionaires
Jackie Farwell, Associated PressFriday, March 9, 2007
The richest of the rich
The ranking of the world's richest people as estimated by Forbes magazine includes wealth in billions of dollars and source of the money. The research for the rankings began in early 2006 and ended Feb. 9, 2007.
1. William Gates III, Washington, 51, $56, Microsoft
2. Warren Buffett, Nebraska, 76, $52, Berkshire Hathaway
3. Carlos Slim Helu, Mexico, 67, $49, telecom
4. Ingvar Kamprad and family, Sweden, 80, $33, Ikea
5. Lakshmi Mittal, India, 56, $32, steel
6. Sheldon Adelson, Nevada, 73, $26.5, casinos, hotels
7. Bernard Arnault, France, 58, $26, LVMH
8. Amancio Ortega, Spain, 71, $24, Zara
9. Li Ka-shing, Hong Kong, 78, $23, diversified
10. David Thomson and family, Canada, 49, $22, inheritance
11. Lawrence Ellison, California, 62, $21.5, Oracle
12. Liliane Bettencourt, France, 84, $20.7, L'Oreal
13. Prince Alwaleed Bin Talal Alsaud, Saudi Arabia, 50, $20.3, investments
14. Mukesh Ambani, India, 49, $20.1, petrochemicals
15. Karl Albrecht, Germany, 87, $20, Aldi
16. Roman Abramovich, Russia, 40, $18.7, oil
17. Stefan Persson, Sweden, 59, $18.4, Hennes & Mauritz
18. Anil Ambani, India, 47, $18.2, diversified
19. Paul Allen, Washington, 54, $18, Microsoft, investments
20. Theo Albrecht, Germany, 84, $17.5, Aldi, Trader Joe's
21. Azim Premji, India, 61, $17.1, software
22. Lee Shau Kee, Hong Kong, 79, $17, real estate
23. Jim Walton, Arkansas, 59, $16.8, Wal-Mart
24. Christy Walton and family, Wyoming, 52, $16.7, Wal-Mart inheritance
24. S. Robson Walton, Arkansas, 63, $16.7, Wal-Mart
26. Sergey Brin, California, 33, $16.6, Google
26. Larry Page, California, 34, $16.6, Google
26. Alice Walton, Texas, 57, $16.6, Wal-Mart
29. Helen Walton, Arkansas, 87, $16.4, Wal-Mart
30. Michael Dell, Texas, 42, $15.8, Dell
31. Steven Ballmer, Washington, 51, $15, Microsoft
31. Kirk Kerkorian, California, 89, $15, investments, casinos
31. Raymond, Thomas and Walter Kwok, Hong Kong, ages unknown, $15, real estate
34. Francois Pinault, France, 70, $14.5, retail
132. Steven Jobs, California, 52, $5.7, Apple Computer, Pixar
243. George Lucas, California, 62, $3.6, Star Wars
287. Steven Spielberg, California, 60, $3, movies
314. Donald Trump, New York, 60, $2.9, real estate
618. Archie Aldis (Red) Emmerson, California, 77, $1.6, timberland, lumber mills
664. Oprah Winfrey, Illinois, 53, $1.5, television
891. Joanne (J.K.) Rowling, Britain, 41, $1, Harry Potter

NEW YORK -- What could a Chinese dumpling maker and Mexican telecom mogul possibly have in common? They're among a record number of wealthy people who held the title of billionaire over the past year.
The tally of billionaires around the globe reached a high of 946, their combined wealth growing 35 percent to $3.5 trillion, according to Forbes magazine's 2007 rankings of the world's richest people. The north state's Archie Aldis "Red" Emmerson, 77, of Sierra Pacific Industries ranked 618th, with an estimated fortune of $1.6 billion, according to Forbes. Last year, he ranked higher on the list -- 512th -- with less wealth -- $1.5 billion.
The rich cashed in on strong equity markets, real estate and commodity prices worldwide, according to Forbes billionaires co-editor Luisa Kroll.

Bill Gates thinks our education system is lagging behind in science and math and fears , we will loose our competitive edge in technology.

Yen Carry Trade

According to Cnn, Some people on Wall Street are worried about what they call the Yen Carry
Trade. They have been borrowing money in yen because of low interest rate and investing in
stocks and other investments . Big companies have caused the Yen to rise in value against the
dollar. Some fear a meltdown on Wall Street.

Who will be Warren Buffett's Apprentice?

Stocks are falling, mortgage rates are falling, oil by the barrel is falling. Yet I paid a dime more a
gallon this afternoon, than I would have the day before.

Warren Buffett is looking for someone to fill his shoes.

Who will be Warren Buffett's Apprentice?

Stocks are falling, mortgage rates are falling, oil by the barrel is falling. Yet I paid a dime more a
gallon this afternoon, than I would have the day before.

Warren Buffett is looking for someone to fill his shoes.

Suze Orman

After Wall Street's big plunge yesterday, Suze Orman on Larry King talks about what a good
time to buy some stocks. Today Ben Bernanke calm Wall Street down and it recover 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 reports 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.

What's up with Howard K. Stern - did he or didn't he? Is he a victim or con man?

Dow Jones Industrial Average hits 12,791.21.

Cnn Headlines

CNN Headlines
ompanies
• 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

Bank Rates of Passbook and Statement Accts.

The passport and statement savings account rates are low around 0.4 to 0.45%.

Bulls are on a rampage

Wall Street closes with highes one day total in history. The Dow Jones was closed to the 1300
mark.

We Owe, We Owe, We Owe

chicagotribune.com >> Business
Shortfall in trade sets markOil imports, Chinese goods cited in 5th straight record annual deficitBloomberg NewsPublished February 14, 2007
WASHINGTON -- The U.S. trade deficit widened to a record amount for the fifth straight year in 2006, as American purchases of Chinese goods and imported oil more than offset an increase in exports.The gap between imports and exports expanded 6.5 percent last year, to $763.6 billion, the Commerce Department said Tuesday. The shortfall increased to $61.2 billion in December from a month earlier, more than economists forecast.China replaced Mexico as America's second-largest trading partner, behind Canada, during the year, intensifying complaints from lawmakers that the nation is keeping its currency weak to spur exports. The deficit also was swollen by rising oil prices."The big picture is exports are growing, but in '06 imports grew faster, particularly consumer goods from China," said Chris Low, chief economist at FTN Financial in New York. "The crude oil rise was entirely from price increases."For the year, imports increased to an unprecedented $2.2 trillion from $1.99 trillion in 2005. Exports rose to a record $1.44 trillion from $1.28 trillion."In the long run, I expect the deficit to gradually shrink," said Nigel Gault, director of U.S. research at Global Insight Inc. in Lexington, Mass. "We expect growth in exports combined with slower import growth. The 2007 annual deficit should be substantially below the 2006 figure."Imports of goods and services rose 2.1 percent in December, to $186.7 billion. Shipments of consumer goods to the U.S. increased to a record $40 billion, and purchases of foreign autos and parts surged to $22.6 billion, also an all-time high.Oil imports increased to $23.2 billion from $21.5 billion in November, which was the lowest figure since July 2005. America's oil import bill jumped to $302.5 billion last year from almost $252 billion in 2005.In December, exports rose 0.6 percent, to $125.5 billion, reflecting higher sales of autos, food and consumer goods.The politically charged trade gap with China shrank to $19 billion in December from $22.9 billion in November, but for all of last year the deficit surged to $232.5 billion from $201.5 billion.Treasury Secretary Henry Paulson told the Senate Budget Committee last week that the U.S. is pressing China to seek more flexibility in the Chinese currency's value."They've been moving it more quickly, but it's not moving quickly enough," Paulson said.The trade gap with Japan narrowed to $7.5 billion in December from $7.9 billion in November. For all of last year, it expanded to $88.4 billion from $82.5 billion.The shortfall with Canada, America's biggest trading partner, widened to $5.6 billion in December from $5.2 billion in November. It narrowed to $72.8 billion for all of 2006 from $78.5 billion.
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.

According to MSNBC News the rise in prices of oil and the possible rising inflation may
cause Federal Reserve Chairman Ben Bernake to raise interest rates.

According to bankrate.com 1 year CDs are going at the high end from 4/50% to 5.46%.
Savings Accounts Rates are anywhere from 0.50% to 5.21% unless you have $25,000
in a Bank in Newbury, Ohio and its rate is 5.45%

It's as safe as

Money in the Bank. What can be much more safer? In banks insured by FDIC, each individual account is insured up to 100,000 dollars and each self directed individual retirement account is insured up to 250,000 dollars.