Interest Rate Cut!

Today the Federal Reserve cut its target for a key interest rate to the lowest level on record, .25 percent. The plan is to get banks lending and fight off the recession. I read that many analysts had expected the Fed to drop the rate to .5 percent. So by getting a zero to .25 percent rate this should be their gift this year. We’ve also have never seen a rate this low, the lowest ever was 1 percent. So I sure hope Federal Reserve Chairman Ben Bernanke knows what he’s doing, because a rate this low good cause other problems done the road.

Also, the U.S. Markets took in the good news with a spike upward in stocks. As I enjoyed the good news as well, seeing my stocks go up again. I just hope no other bad news come out over the next few day to drag the Markets back down. But I always think the worst will happen and fear the Markets will nose dive again, just how I am.

Encryption Software!

Here’s something that everyone that reads my blog should read. Because if you travel with your laptop whether for business or pleasure you need to protect it. When I traveled for business and family vacations I would always setup my laptop with a password. But the problem was I wasn’t ever really secure, and that worried me a lot. If someone had taken my laptop then or even today I would be totally lost and worried because of the information I have stored on it. If you’ve ever wondered if your information was ever well protected, well worry no more. I came across a file encryption software company that offers a pretty neat suite of file encryption products. On their site they state that they are the leader in file encryption software for individuals and businesses. And you know what- that just might be true. You’re also able to try before you buy, because you can download a trial of their products. Their premier suite of products consist of file encryption products, including hard drive encryption, email encryption, mobile encryption, enterprise security and a lot more. If any of this sounds good click your way on over and see what they can do for you.

The Big Three Babies!

It looks like Detroit’s Big Three Babies will be getting a little less than half of their bailout loan, $15 billion. GM, Ford and Chrysler will collapse with this amount of money, why even give it to them. I guess their calling this a short-term loan. I was reading that some economists think they really need $75 billion to $125 billion to survive over the next year. If these automakers had asked for this money a year ago Congress would have told them no way. The U.S Congress is only agreeing to this because we really can’t afford to lose anymore jobs as a Nation. I liked President Bush’s idea, just them the $25 billion already sitting there for them. The only think is the bill that gave them that money is for building cleaner running cars, but no one likes that idea. I say let all three fall apart, they deserve it. This way, by filing for bankruptcy it will break all contracts with the UAW. And then they could layoff every single employee, then hire them back at half their pay, they would save billions. These works are getting paid over $50 an hour just to make a car, that’s way to high, blame that on the UAW. The automakers would come out of bankruptcy so much stronger than trying to get these loans. Most if not all-big companies come out of bankruptcy much stronger. It’s like starting with a clean plate.