Fed Rate Cut Predicted
The monetary policy meeting of the Federal Reserve is just two days away, and many predict that the institution is likely to cut the short-term interest rate once again, from 2.25%to 2%.
This would be the seventh time that the rate has been lowered since August, and would signal that a recession is still a strong possibility this year.
Although the stock market is doing relatively well at the moment, soaring prices for oil and food have fostered a growing fear of imminent recession.
In addition, as Steven Weisman of the New York Times reminds us, "A tricky aspect of the Fed’s decision is that the impact of whatever it does may not be felt for more than six months. Many economists say it takes at least that long for interest rate cuts to have an economic effect."
In the end, one major issue that the Fed will battle over is the need to take care of inflation versus the need to ward of a recession.
Click here to read Weisman's article in its entirety.
Monday, April 28, 2008
Want to Stop Junk Mail?
STOP JUNK MAIL FOREVER
Junk mail is a triple threat: It tries your patience, jeopardizes your identity and spoils the environment. But without too much effort, you can give yourself peace of mind – and an uncluttered mailbox.
Register with the Direct Marketing Association (http://www.dmachoice.org/) to remove your name from its national mailing list. The service is free if you register online, or $1 by mail.
Reject pre-approved offers from credit card companies by visiting http://www.optoutprescreen.com/ or calling 888-567-8688.
Sign up free at http://www.catalogchoice.org/, and the site will do the grunt work to get you off mailing lists for catalogs you don’t want.
Pay a $20 annual fee and Green-Dimes (http://www.greendimes.com/) will remove your name from catalog and other direct-mail lists, plus plant up to ten trees!
For $41.00, http://www.41pounds.org/ – named for the weight in junk mail the average adult receives each year – will contact several dozen direct-mail companies on your behalf. In addition, $15.00 of your fee goes to your choice among the group’s nonprofit affiliates.
Junk mail is a triple threat: It tries your patience, jeopardizes your identity and spoils the environment. But without too much effort, you can give yourself peace of mind – and an uncluttered mailbox.
Register with the Direct Marketing Association (http://www.dmachoice.org/) to remove your name from its national mailing list. The service is free if you register online, or $1 by mail.
Reject pre-approved offers from credit card companies by visiting http://www.optoutprescreen.com/ or calling 888-567-8688.
Sign up free at http://www.catalogchoice.org/, and the site will do the grunt work to get you off mailing lists for catalogs you don’t want.
Pay a $20 annual fee and Green-Dimes (http://www.greendimes.com/) will remove your name from catalog and other direct-mail lists, plus plant up to ten trees!
For $41.00, http://www.41pounds.org/ – named for the weight in junk mail the average adult receives each year – will contact several dozen direct-mail companies on your behalf. In addition, $15.00 of your fee goes to your choice among the group’s nonprofit affiliates.
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