Time To Travel!

I talked about it being time to travel on my other blog and want to share this with you guys as well. I came across a few articles that where talking about now was the time to travel because of how cheap things are right now. Like in Las Vegas, NV and Orlando, FL right now you can get a room at deep discounted rate. Even sites like Westgate have great deals on places to stay in Orlando, FL. Their rates seem to be pretty good and worth taking a look at. My advise to you guys is don’t pay those high prices with the way times are right now. Do your best to get the best rate has possible. And make sure you do a little research to make sure your getting the best rates. If you find a better deal on one site, simply contact the another site with the price you got and see if they can beat it. Everyone is looking for your business right now; you have the upper hand, use it wisely.

Tags: Travel

No Idea Why!

I’m sure that most of you have already heard about Ex-NASDAQ chairman Bernard L. Madoff was arrested on a securities fraud charge. He’s being accused of running a “Ponzi scheme” to the tone of $50 billion. Anyway that’s what he thinks the amount was. The amount investigators say is around $18 billion in cash. I would be willing to bet that no one will ever really know the amount, because of the size of the fraud. And the real dumb thing about all this is that some of the investors always thought that Madoff, 70, was doing something wrong, and that’s why they invested with him. But they thought maybe insider trading because of the results he was producing, but that wasn’t the case. If you have no idea what a “Ponzi scheme” I will do my best to tell you. It’s when you get about 100 of your family and friends to invest $1,000 up front. Then you just simply send them a statement every quarter stated that their invested made 1 or 2 percent. You keep the amount just low enough to keep them happy and to make sure they keep their money with you. Then as you send them their statement every quarter showing increases they start getting happier. Then they start telling their friends and family to invest into the fund, and then it begins to grow. I boy did it grow, somewhere in the middle of $18 to $50 billion. The problem for Madoff was when clients started to ask for their money to be pulled out. And when he no longer could cover the withdraws any anymore, it fell apart. He’s now looking at 20 years in prison for what he did. He want to head on over to MBT shoes to pick a new pair for court. Anyway, why he did this crime is anyone’s guess at this point. There’s more to this story but I will wrap it up with this, don’t trust any investor, invest on your own.

Tags: Securities Fraud

Long Enough!

It seems that the Senate can’t get things moving on this $14 billion bailout for the automakers. And President Bush is trying to get a few of the Republicans to agree on the plan. But a lot of them are sticking to what they believe in and are going to vote no on the bailout. If there’s not a majority vote the bill will die. And if that happens the U.S. Market as well around the world will all fall deeper. I personally don’t care if the bill fails; my 401k has already hit rock bottom, as well as others. I guess we shouldn’t really look at that thought. I do know if they fail a lot of jobs will be lost, but most of these jobs are going to be cut either way. If any one of the automakers falls it will affect vendors and even hit the car insurance industry. So should we let them fall or save them, I really don’t have an answer for that. But whatever choice is made I sure hope it’s a good one.

Tags: Automakers, Bailout Money

Free Spending!

Here’s a good story about how the New York Yankees love to spend money. If he passes is physical and drug test CC Sabathia will become the highest paid pitcher in MLB history. He will be signing a record $161 million contract with the New York Yankees. And thought we where in a recession, I guess not in MLB. This deal just comes to show that Steinbrenner, the owner of the New York Yankees will spend any amount of money to win another World Series. I think Steinbrenner needs to get his head checked for paying this amount of money. Because what it comes down to is the fans will pay for this. Ticket prices are going to sore to new heights just to pay these huge wages. Plus the New York Yankees have a new $1.3 billion stadium where I read that tickets will cost in the thousands. This is freaked nuts; fans should boycott going to games for a few weeks and see what happens. I would be willing to bet it would hurt the teams and give them a reality check. I’m sorry, these players are all over paid. And most will end up in some sort of trouble during and after their careers are over. If I’m wrong tell me so.

Tags: New York Yankees