It’s vacation time but the work continues

President –elect Obama is taking a much needed vacation in his native Hawaii. The media is calling it a working vacation because he is keeping abreast of what’s going on with the economy and abroad as well as work being done by his economic team on the bold and very large stimulus package. Vice-President Biden is still in DC working with the economic team and doing his best to sell this stimulus package to members of Congress.

The Obama transition team is issuing a report today that will state that there was no unlawful contact with the Illinois governor. This is an internal investigation by team Obama. The main investigation and final word on this will come from the U.S. attorney.

Beware of lowering credit scores

I was talking with a friend yesterday and she told me a story that gave me pause. Apparently a woman’s line of credit was lowered because she was not using her credit card. This in turn lowered her credit score. In essence she was being penalized for saving her credit line for a rainy day. Her credit card company is trying to force her to use her credit. She is worried about losing her job and the state of the economy.

Of course I should be surprised but I’m not. Those greedy bastards will try anything to make a buck. My question is who is going to force these companies to start lending again. They seem to be saving all that government money they got for a rainy day. Who is going to penalize them?

A big breakfast may help with weight loss

A new study suggests that a big breakfast with carbohydrates and lean protein may aid obese women in losing weight. The clinical trial studied women who ate a big breakfast with carbs and women who ate a low-carb breakfast. In an eight month period, women who ate a big breakfast lost 40 pounds. The low-carb women lost nine pounds. Researchers at Virginia Commonwealth University conducted the study.

Some are calling for more research but many nutritionists agree that a good breakfast help with weight loss. The earlier you get your calories the sooner your body can use them up efficiently. This also aids in feeding your metabolism which can slow down when not fed enough or later in the day on a consistent basis. So if losing weight is on your list of New Year’s resolutions, commit to eating a good breakfast. It may put you on the right path towards a slimmer, healthier you.

Flying shoes and corrupt politics rule the day

Last week Illinois governor, Rod Blagojevich, was arrested for allegedly putting President-elect Barack Obama’s vacated Senate seat up for sale. Basically he got caught engaging in pay-to-play politics. This type of politics runs rampant at both the state and federal level but the Illinois governor has taken it to new heights. The Illinois legislature has given him six days to resign but since he hasn’t they are moving ahead with an impeachment investigation. The Illinois attorney general has asked the state Supreme Court to revoke the governor’s power to assign the Senate seat stating he is incompetent to do his job. Everyone is calling for the governor’s resignation. Now it’s just a waiting game.

In other news...
During a goodbye tour, while in Iraq at a news conference, a reporter threw his shoes at President Bush. Secret Service was slow to react but the reporter was eventually subdued. The President said he is not embarrassed and that the reporter wanted to call attention to himself. People in Iraq are protesting the reporters arrest stating that President Bush deserved what he got. The Iraqi authorities say that it was poor etiquette to throw the shoes while the Iraqi prime minister was within target range and could have been hit. They haven’t apologized for the reporter aiming at President Bush. It is said that shoe throwing is an insult in Iraqi result. I don’t care what people say, I’ve been laughing about this all day. Not because I wanted the President to be hit or hurt but because it was so bizarre to see the President dodging a pair of loafers and the Secret Service nowhere to be found.

What’s your financial plan for 2009?

CNN Money has a section under personal finance called Money 101. You should check these tips out as you create your financial plans for 2009. Now more than ever, having a plan for your money is essential. The following are the 23 tips but go to the web site to read more and get in depth step by step instructions for each tip. Do one a day to increase your chances of taking action.

Setting priorities
Making a budget
Basics of banking and saving
Basics of investing
Investing in stocks
Investing in mutual funds
Investing in bonds
Buying a home
Controlling debt
Employee stock options
Saving for college
Kids and money
Planning for retirement
Asset allocation
Hiring financial help
Health insurance
Buying a car
Taxes
Home insurance
Life insurance
Estate planning
Auto insurance
401(k)s

Here are five tips to stay healthy while traveling

In a report on CNN.com, winter time is a really germy time. Respiratory viruses thrive during this time and people are more susceptible while traveling because of using public spaces. Try these five tips to maintain your good health:

Sit toward the front of the plane. The air flows better toward the front of an aircraft. If you can afford it, fly first/business class where people aren’t so close together.

Don’t drink coffee or tea on an airplane. The water on an aircraft may not be so clean. The water is not heated to high enough level to kill pathogens. Coffee and tea are prepared using this water and not bottle water.

Sanitize your hands after leaving the bathroom. Washing hands is good but because the airplane water may contain harmful bacteria it’s a good idea to sanitize your hands when you return to your seat as well.

Sanitize your hands after getting off an escalator.
Sanitize hands after using an ATM.

These last two tips are pretty self-explanatory. Escalators and ATMs in airports are breeding grounds for germs because of the number of people using them per day. Protect yourself by sanitizing your hands after use. These five tips will help stay healthy so you can enjoy your trip.

The bailout train is getting crowded

Now America’s mayors want a piece of the bailout money. But really, who can blame them. Financial institutions, like AIG, got free money from the American taxpayers and have yet to start lending funds. Workers at a plant in Chicago are protesting the close of their plant. The owners closed the plant and let workers go without 60 day notice, leaving them with no severance or health benefits. The owners are blaming Bank of America, recipient of $25 billion in bailout funds, for terminating their line of credit and prompting the plant closing. The workers are getting support. The governor of Illinois says that the state will stop doing business with Bank of America. This could cause the bank millions of dollars.

Let this be a lesson to Congress. The requirements you have in place for the big three American automakers should have been in place for the financial institutions. It’s obvious they are misusing the funds they were given.

As if the greed of financial companies couldn’t get worse, the CEO of Merrill Lynch would like his $10 million bonus. He claims the company would be worse off without his leadership in the past year. Newsflash to the Merrill Lynch CEO: Your company lost $12 billion and had to be acquired by Bank of American to remain viable! How about you do like the CEO’s of the American automakers; take a dollar and have a nice life.

Governor Richardson and the Big Three

In economic news this week, President-Elect Obama named Governor Bill Richardson of New Mexico as his choice for Commerce Secretary. In other news, The CEO’s of the big three automakers are back in Washington asking for $34 billion in bailout funds. Ford is in the strongest position of the three and asking for access to $9 billion just in case they may need it down the road. GM and Chrysler are asking for funds by the end of the year to keep them from filing for bankruptcy. The automakers union is also in Washington for the hearings and is looking for ways they can help the automakers survive by making concessions.

Most Americans are not in favor of bailing out the automakers. They are tired of bailing out companies when it seems that help to main-street is no where in sight, especially with so many layoffs being announced. The President-Elect and Congress are hoping to come up with a stimulus in January once he is sworn in as President.

Are airports getting healthier?

The good folks at Health magazine did some research and has come up with a list of the ten healthiest American airports. These are airports that are trying to help airports cope better with the crowded, stressful airports they encounter especially during the holidays. Some of these airports are doing their part to offer nutritious food, special relaxation zones, walking paths, and the latest safety technology. Next time you travel, you might want to connect through one of these airports.
Here are the top ten U.S. airports:
Phoenix Sky Harbor International
Highlights – healthy food options, video paging system, two pet parks, cleanest bathrooms
Baltimore/Washington International
Highlights – soft music and comfortable lighting at key security checkpoints, spa, hiking/biking path that circles the airport
Chicago O’Hare International
Highlights – healthy food options, children’s play areas, fitness center in on-site Hilton Hotel
Detroit Metropolitan
Highlights – storm-ready airport system, healthy food options
Denver International
Highlights – most energy efficient, extensive recycling system, close to 75% on time arrival and departures, healthy food options, free WiFi, second largest art collection in Colorado
Washington National
Highlights – museum quality artwork, walking and biking trail that circles the airport, easiest airport to get around in
Dallas/Fort Worth International
Highlights – two 600-sq feet play areas for kids, highest number of “green” vehicles, healthy food options
Boston Logan International
Highlights – green building in its Terminal A, natural gas shuttle buses, 50 wooden rocking chairs
Oregon Portland International
Highlights – paved walking and bike path, covered bike parking, recycling of cooking oil into biodiesel fuel, live trees in terminals, local musicians, 80% plus on-time departures
Philadelphia International
Highlights – AeroClinic that offers well care checks and treats minor conditions, wine tasting bar, and free WiFi on Saturday and Sunday

President-elect Obama names more cabinet members

It’s finally been confirmed. Senator Hilary Clinton (D-NY) is the president-elect’s pick for Secretary of State. She was very gracious during the announcement and said the she is proud to join the new President on this “difficult and exciting” adventure. Rounding out the security team will be Defense Secretary Robert Gates who will keep his post, retired Marine General Jim Jones as national security advisor, Eric Holder as Attorney General, Arizona Governor Janet Napolitano as Homeland Security Secretary, and Susan Rice as ambassador to the United Nations. The President-Elect hopes that his security team will bring in a new direction for American national security.

The Obama economic team is in place—now what?

President-elect Obama has named key members of his economic team. Now they have the task of administering a two year plan that is designed to create 2.5 million new jobs. At the center of the plan is fixing the nation’s infrastructure including roads and schools as well as alternative energy initiatives. The new Treasury secretary, Timothy Geithner, will also oversee dispersal of the rest of the $700 billion financial rescue package. Congress says it will work to have a huge economic stimulus package on the President-elect’s desk by the time he is sworn in as President. The details of this package have yet to be revealed.

Can healthcare really be fixed?

In an article in Johns Hopkins magazine, Search for an RX, Michael Anft takes a look at the healthcare system and what issues are breaking it down and the problems facing government in trying to fix the ailing system. He gathered Hopkins administrators, economists, physicians, and researchers and asked them six questions to get an understanding of the current healthcare system and the way it could look in the future.

Can universal health care work?
Some are in favor of universal health care. They feel that universal health care would go a long way toward lowering the costs brought upon the healthcare system by the uninsured and help people avoid the catastrophe of not being able to pay for care. On the other side of the argument are those that say if health costs continue to rise, universal health care may not be possible. Their other argument is that there may not be enough primary care physicians to treat 300 million people. A study done by the National Association of Community Health Centers states that about 60,000 more primary care physicians to treat so many people.

How will we pay for it?
The Physicians for a National Health Program, an advocacy group, says that a single payer program with the government as the sole insurer could save as much as $350 billion per year. Hopkins administrators and professors say that because of the clout of drug and insurance lobbyists, this type of plan will never happen. A more likely plan is one for those without public or private insurance with the government guaranteeing a minimum of coverage to the entire U.S. population. Some states who were tired of waiting, like Massachusetts, Oregon, and Maryland, have made attempts to make health care more affordable for their residents.

Will we have to ration care to afford it?
This is a very ethical question. Americans are used to an availability of a full range of services and range to value choice. They may not like the idea of rationing care but other Westernized countries limit the number of tests and treatments they will pay for but because these countries have longer life expectancies and lower infant mortality rates because people are seen more often on a regular basis by doctors. This conversation has to be happening within the industry in order for the system to be fixed. The outcome of this conversation will determine how affordable countrywide health care will be.

How can we make health car more affordable?
There are a lot of inefficiencies within the health care system that help costs rise. Uninsured people and others who cannot pay their bills and visit emergency rooms for care cost the system almost $30 billion each year. Another problem is the fee-for-services system that favors high-cost specialists which explains the lack of low-paid primary care doctors. A possible solution would be a pay-for-performance system like the one in the United Kingdom which rewards those who treat the entire population and who practice good medicine. At the same time there should be disincentives for prescribing unnecessary or redundant tests. Another issue that if fixed could save 10% of total outlay on health care would be automation. A coordinated, nationwide system that could deliver electronic medical records to emergency rooms, hospital wards, and private physicians would make patient care more efficient. This is still a pipe dream because less than 40% of health care providers are able to use electronic medical records.

Can we improve quality while driving costs down?
A way to improve care while lowering costs is by re-emphasizing primary care. The more physicians there are, the more mortality is reduced. Rural areas currently have a shortage of primary care physicians. Another thing is for doctors to use a simple checklist that would decrease infections and deaths, especially doctors in intensive-care units. Standardizing hospital care in the entire country across hospital staff and looking at what’s working in other countries in terms of prevention methods would save millions.

How do we provide better care to the elderly and save Medicare?
Medicare faces financial deficits that threaten its future. Health providers and researchers are looking into ways to spend Medicare money more efficiently. The biggest problem is the U.S. ranks number one in the rate of people who suffer from chronic diseases which is very expensive to treat. Also, we have a medical system that is acute-care based and spends money on research for these diseases like heart attacks and strokes. We need a system that focuses on chronic-care based and looks at patients holistically instead of one body part at a time.

It’s clear that the problems are large but it’s finally time that they started being tackled. Americans deserve access to affordable health care and a system that works for them.

Cabinet shaping up to be all-star cast

In the last week or so, names for the Obama administration have been leaked and some confirmed. The economic team was named by the president-elect yesterday in a news conference. The SEC chairman has not been named yet but Wall Street is still rallying. Senator Hilary Clinton is in line to be Secretary of State, Governor Bill Richardson of New Mexico is set to become Secretary of Commerce, and Governor Janet Napolitano of Arizona is set to head up Homeland Security. The Obama Administration is shaping up to be an all-star cast. The question is whether or not President-elect Obama can guide these big egos to get some work done in Washington.

The next Treasury secretary has his work cut out for him

Recent polls show many Americans believe that who President-elect Barack Obama picks as Secretary of the Treasury will be the most significant decision in terms of America’s future. The next Treasury secretary will need to oversee the $700 billion rescue plan and decide how to best use the $350 billion not yet allotted. Many names are being floated but no cabinet positions have been announced. Some feel a Treasury secretary needs to be announced sooner rather than later so they can work with current Secretary Paulson during the transition. The analysts and the media will have to wait like everyone else. The new President will not be rushed.

Tips to reduce the worry in your life

Life can be stressful. As the recession deepens life is more stressful. This is a problem. Constant feelings of stress can suppress your immune system, disrupt sleep, and trigger inflammation. This can create an environment for chronic diseases like arthritis, type 2 diabetes, heart disease, and gastrointestinal problems. Here are a few tips to help you naturally reduce the stress in your life.

Admit and accept that you are worried. This will make you feel better and more in control so that you can take positive steps to deal with your stress.

Try Rhodiola. This Siberian herb is an “adaptogen” and helps your body normalize its response to stress. Other herbs that fit into this category include Asian and American ginseng, astagalus, licorice, crodyceps, reidi, and others. Be sure to consult a physician and holistic doctor before taking the herb.

Use guided imagery for a quickie meditation. A few minutes of listening to an audio spa treatment will help you feel calmer and less worried. Visit healthjourneys.com to find an audio treatment to try.

Turn on your iPod and go for a walk. Going for a 30-min walk daily will lower your blood pressure and increase endorphins which will increases endorphins and elevates your mood. The music will help the time fly by. Start walking and you’ll feel your stress melt away.

He’s working hard but taking his time

President-elect Obama is familiarizing himself with his new job but he is clear that there can only be one president at a time. He won’t make a decision until after his inauguration in January. While he waits he is setting his priorities and selecting his cabinet members so that he can be ready to lead American on day one.

Political analysts and the media are busy speculating about who will be part of the Obama administration. The GOP is busy reorganizing the Republican Party and revising the party platform. Wall Street is on a bumpy ride while American automakers are trying to remain in business. Other large companies, like Citigroup, are also trying to stay alive by laying off thousands of workers. Economists are now saying that America entered a recession in April and the recession will last into the second quarter of 2009. While the economy will get worse before it gets better, economists and financial analysts are hopeful. Gas prices have fallen to around two dollars and home heating prices should remain flat this winter. This bodes well for the new president.

Historic election does not reflect in the market

Today the Dow fell more than 400 points. This adds to the points lost on Wednesday. This erases the pre-election gains the market made. President-Elect Obama says that repairing the economy is a priority but he won’t get started until Jan. 20 so we’ll just have to ride the wave until next year and probably most of next year too before we see things begin to normalize.

I have yet to look at my IRA. I figure I will take a look at the end of the year and just go from there. I don’t need to be more depressed. I’m happy with the falling gas prices and it seems I’m spending a bit less at the grocery store. I pay for my own health insurance and it seems my premiums will be going up next year so I have to adjust it and hope I still get the same level of coverage at a better price. As the new President and the government do what they can to fix things and work with Wall Street, I will be on Main Street tightening my budget as much as possible and finding new ways to create wealth in my life.

Is healthcare relief coming in the near future?

It’s official. Our new commander-in-chief is President-Elect Barack Obama. Last night was a historic night in American history. Today is a new day and it’s back to reality. The economy is in the toilet and healthcare is one of those areas that needs to be addressed. The state of the economy may mean that a lot of President-Elect Obama’s plans, like healthcare, may be implemented later or a lot more slowly than anticipated.

I don’t know about other Americans but I just got my renewal letter for my health insurance and my premium is going up. It was ironic because I also got a letter from my energy company and my electric bill was going down but then I opened my health insurer’s letter and any savings I was happy about immediately evaporated. I now have to look into adjusting my premium which may mean having decreased coverage but what can I do? I can afford what I can afford. While I am happy that President Obama won, I am hoping that this time next year my financial situation is not so heavy that I can barely breathe.

Election Day is Here!

It couldn’t have come sooner. Well, maybe it could have. Tomorrow I can go back to seeing what else is on television. Whoever wins, the election is over and George Bush and his administration can start packing their bags. Hip Hip Hooray!

On a sadder note, Senator Obama’s grandmother lost her battle with cancer late Sunday night. My prayers go out to him and his family. I wish both him and Senator McCain good luck today.

Direct Selling Gets a Boost from the Slowed Economy

As the economy slows people are turning to direct selling to bring in extra money every month. People are worried about job security and seasonal hiring is less than in recent years. Many college students whose parents can’t pay tuition have dropped out of college and are turning to direct selling to make money to pay tuition for going back to college later.

In recent years numbers in the direct selling industry had declined but the bad economy has many companies seeing a huge increase in their numbers. Many turn to direct selling as a way to bring in extra income every month but some have turned to direct selling full-time. For them, they see the residual income they make from direct selling as wonderful retirement plan and don’t see themselves returning to having a full-time job for another employer ever again. They enjoy being their own boss.

Cast your vote and get a flu shot

Many people around the country are lining up early to cast their vote. A non-partisan program, Vote and Vax, has arranged with 250 polling stations around the country to offer flu vaccinations. The program was first piloted in 2006. The clinics are convenient and available in 36 states.

In other health news…
Drug companies have conceded to pedestrians and say that children under four years old should not be given cough or cold medicine. These medicines will no longer be marketed to children under four and warnings and instructions will be placed on the labels.

Let’s Get Ready to Party

In a week’s time we will elect a new President of our country. I hope people vote their wallets versus race, class, or gender. While protecting us from terrorists is an important skill I need a president who can improve the economy and my financial situation. I’m not asking for a handout but an environment where everyone not just a few can have the American Dream.

Whether Senator Obama wins or Senator McCain wins I say everyone should get out and party. Or party at your home. No matter who wins, the Bush/Cheney administration will be over. By January’s inauguration we will have a new administration that will be better than the one we’ve suffered through for the last eight years. Pop the cork, pass the champagne, and turn up the music. It’s time to get this party started!

Pensions are safer than 401(k)s

If you have a 401(k) you assume the risk when the markets take a downturn. It you have a pension and are fully vested, by law your company is required to pay you what you’ve earned. However you do have to wait until you are 55 to 65 years old to collect it.

While you do what you can to minimize the risk to your retirement savings here are some ways you can save almost $9,000 per year to put towards your retirement.

Engage in strategic shopping. Potential savings: $5,000. Track deals at your local store, online, and direct from the manufacturers of items that you buy. Taking the time to do this before you go shopping will save you a lot of money.

Avoid what author David Bach calls the “latte factor”. Buy enough from the grocery store to make you meals at home. Bring your meals to work. Cutting back on this wasteful spending can save you almost $2,500. Paying atm fees would fit into this category.

Upgrade your appliances and potentially save $150 dollars per year. By upgrading a refrigerator to one that is more energy efficient saves you money and is a small step in living “green”.

Go generic and potentially save $170. Buying generic brands from the grocery store and other local stores like CVS or Target keeps money in your pocket. Don’t be afraid of store brands.

Pay an extra $1 on your credit cards and potentially save over $200. Try increasing what you typically pay per month on your credit cards to one dollar a day. If you add $30 to what you normally pay, you will pay down the credit card debt sooner and save on interest payments.

Pool together and share a babysitter. This can give you a potential savings of over $700. Even though providers may pro-rate their fees based on the number of children, pooling with neighbors or friends can bring a savings of 20% to 50%.

The Internet bringing connection

The Internet may be a catalyst for bringing patients and healthcare providers together. For many years now patients have been using the Internet to connect with each other to talk about treatments, rate doctors, etc in a way to build connection because they don’t feel connected to their healthcare providers. Angry and frustrated doctors fed up with the healthcare system may lead the way in building the bridge between doctors and patients. Patients are already using the web to empower themselves so it’s about time that the slow-moving medical system get with the program and make it better. This will lead to better treatment and better doctor-patient experiences.

In other health news…
Parents of children with autism are pressing for autism insurance coverage. According to the Autism Society of America, the lifetime expenses for caring for a child with autism can reach as high as $5 million. Currently House Bill 83 is being considered in Virginia’s General Assembly. It would cap insurance at $36,000 per child per year. Other states have capped at $50,000. Pennsylvania and South Carolina currently have autism insurance mandates. Opponents to the mandates say that the mandates could increase insurance premiums. Many parents feel paying higher rates is worth it.

Colin Powell Supports Barack Obama

Say it ain’t so Colin! I know that’s what those in the McCain camp were saying when they learned that on Meet the Press on Sunday, Colin Powell told Tom Brokaw and millions of viewers that he supports Barack Obama. His reasons? He doesn’t feel Senator McCain has a firm grasp on the realities of our economic crisis and he feels Senator McCain showed a lack of judgment by choosing Governor Palin as his running mate. In his view Governor Palin is not ready to lead the country. He believes that Senator Obama is a transformational figure and that is who we need as the next President of the United States of America. I agree.

In other news…
Senator Obama will leave the campaign trail Thursday and Friday of this week to visit his ailing grandmother in Hawaii. My thoughts and prayers are with his family. But don’t worry Senator Biden and Michele Obama will continue to campaign while he visits his grandmother.

Volatile market and Social Security on the rise?

This week the market has suffered significant losses. However, some investors are getting back into the market as oil prices continue to fall. On Monday the market rallied with the Dow Jones gaining 936 points but the market has suffered huge losses since Tuesday. Even with signs of late rally this afternoon any gains have been wiped away. I personally haven’t looked at my retirement funds since the crises began because I’m not interested in being depressed. I think it will be many more months before we see the markets start to show any relief from the bailout package if they show any at all.

In other money news…
Beginning in January Social Security benefits will go up 5.8%. That will be an increase of about $63 for the average retiree. This is the largest increase since 1982. The average retiree will go from receiving $1,090 per month to $1,153 per month. 50 million Americans will benefit from this increase in benefits. The Social Security Trust Fund is scheduled to deplete its reserves by 2041 and start paying out more than it takes in by 2017.

Caffeine does not increase breast cancer

New research funded by the National Institutes of Health and recently published in the Archives of Internal Medicine finds that caffeine does not increase overall breast cancer. However, high doses of caffeine increase the risk for breast tumors or disease in women who have benign breast disease. Women at risk who cut caffeine from their diet have a better chance at preventing the malignant form of the disease from happening.

In other health news…
A new study at UCLA is showing evidence that searching the Internet may be good for older adults. The study showed that tech savvy older adults had twice the brain activity than those not so technically advanced.

Vice President Cheney is better after suffering with an abnormal heart rhythm. Doctors at George Washington University Hospital treated the Vice President. He has been experiencing heart problems since 1978 when he had his first heart attack at the age at 37.

The final debate is upon us—Thank GOD!

I don’t know about anyone else but I am ready for this election to be over. Tomorrow the final Presidential debate will take place at Hofstra University and Bob Schiffer will moderate or play referee. Neither Senator McCain nor Senator Obama can say anything else. If there are still people undecided then they need to just sit this election out.

This is not about personality or popularity. This is about the empty wallets of the American people which unfortunately, are mirroring the empty wallets of the American Government and Wall Street. If we continue down this road there will be more foreign countries owning a piece of America than Americans. Those with the purse strings usually dictate policy and I doubt the founding fathers wanted America being dictated to by countries like China and Saudi Arabia.

I’m voting my empty wallet this election year. Not just in the national election but also in my state and local elections. It’s time for some of the old guard to retire and let the new guard take us into the 21st century. I can’t afford four more years of politics as usual.

Robert Kiyosaki calls bailout “corporate welfare”

Robert Kiyosaki, best selling author of books like Rich Dad Poor Dad, writes in a recent Yahoo Finance article that the bailout plan is nothing more than “corporate welfare”. He also says that government cannot fix the problem with the financial markets.

According to Kiyosaki, the biggest problem is the same as he’s been saying since he wrote Rich Dad Poor Dad eleven years ago—the lack of financial education in our school systems and in the general populace. Bailing out people who made bad decisions in the first place is a bad idea since they don’t have the right solutions to fix the problem. We should expect more of the same and the problems will get worse before they get better. In his article he also warns that Social Security and Medicare will be the next systems to fail. I hope the folks in Wall Street and in Washington are listening to him because this Main Streeter is and so far he’s made more since than anyone.

Finding a connection between creativity and mood disorders

In a CNN article on Health.com, Elizabeth Landau reports that studies are showing that there may be a connection between creativity and mood disorders like bipolar disorder and depression. What is unclear is if one begets the other or vice versa. People with mood disorders as well as creative people, especially those in the arts, are very sensitive to the world around them. More research has to be done.

In other health news…Yesterday, the second presidential debate took place at Belmont College in Tennessee. During the debate Senators McCain and Obama talked about their healthcare plans. Senator McCain wants to give people a refundable $5,000 tax credit to go and buy the healthcare of their choosing and also give people the chance to go across state lines to purchase healthcare. The potential problems with the plan are that the money will be taxed and consumer protection issues may arise. Senator Obama’s plan wants to help those who like the healthcare they have to lower their premiums. For those that don’t have healthcare, the healthcare that members of congress enjoy would be available. Small business would also receive a tax credit to help them provide insurance to their employees. The plan would work with insurers so that pre-conditions are not an issue. The plan also wants to provide all children in America healthcare. A potential problem would be whether or not people or businesses would be fined for not having or providing healthcare. Senator Obama’s plan seems more thoughtful and more inclusive. Senator McCain’s plan does not address people who don’t have healthcare and focuses more on working Americans. Since layoffs are on the rise, there are fewer working Americans and more uninsured Americans.

Bailout promises to the people not met?

Congress passed a bailout bill last week. Today the stock market prices continue to plummet. So will the bailout bill help the markets and when will we find out if it stabilized the markets and really helped? And how about we the people? How did we fair in this bailout bill and will we see any relief anytime soon?

No one is really reporting on how we faired in this bill. It seems that the major principles that were supposed to be in the bill to protect the taxpayers were not overtly met. So it seems to me that we the taxpayers are doing exactly what we didn’t want to do—bail out Wall Street with little oversight and no upside for us.

Small Business should safeguard their money as bank fails

Citigroup bought out my bank. I also happen to live in Charlotte so not only is my bank bought out but now people are worried about layoffs. Wachovia, with about 20,000 employees, is the second largest employer in Charlotte. As a consumer with less than $100,000, my money with the bank is insured by FDIC. But small business owners are getting stressed as banks continue to fail. There are some things small business owners can do to protect their money.

Have accounts at multiple banks below FDIC limits. This is not the most efficient way to do business and it can be inconvenient but your money will be protected.

Pay off major purchases by borrowing against a line of credit and then pay it off. This will keep you from having large sums of money on hand.

Stash corporate savings in money market funds or in Treasury bills.
Check out the American Bankers Association web site which lists tips for small business owners.

Seven Ways to Avoid Getting Sick

Flu season is fast approaching and school has started. Becoming sick is almost inevitable. Or is it? In a CNN.com article, Alicia Potter talks about seven ways women are using to avoid getting sick. Try them and see how much better your health is during this runny nose season.

Get a massage. Massages help build up your immunity because they reduce anxiety, heart rate, and blood pressure which helps your stress levels drop. If cost is an issue try some massage schools in your area which may offer discounted services.

Take a cold shower. Cold showers may help with low energy, migranes, circulation, and pain reduction. If you have cardiovascular issues consult a doctor first because the cold may cause a rise in blood pressure.

Use Ginger in small doses. For centuries ginger has been used to treat gastrointestinal problems.

Wash your hands frequently. Doctors say washing your hands is the best way to avoid a million colds. Avoid antibacterial and/or antimicrobial products because they have chemicals that cause bacteria to adapt. This reduces their effectiveness.

Load up on Vitamin C and Zinc. Try Emergen C and Zicam at the first signs of a cold. Some studies show that Vitamin C is helpful to people under stress and zinc slows down the multiplication of viruses.

Eat more garlic. Garlic is rich in antioxidants that boost immunity and fight inflammation. Eating up to two raw cloves of garlic can have disease fighting effects. For those worried about bad breath, try garlic capsules.

Try positive thinking. At the first sign of sickness try positive self talk. Don’t dwell on your symptoms and don’t assume the worst.

No Bailout Yet

Yesterday the House of Representatives defeated the proposed bailout plan for Wall Street. Even though both political parties are pointing fingers at each other, there weren’t enough votes on either side of the aisle.

I hope no one is fooled by this defeated bill. Members of Congress defeated this bill because this is an election year. They want to APPEAR like they are listening to us. We were lied to about the war in Iraq and Congress doesn’t wan tot make that mistake again. However, where have these politicians been all these years? And where were they when signs of a financial crisis started rearing its ugly head? None of these Democrats or Republicans was listening to us before and we are to believe they are listening to us now? They are just playing politics as usual. I hope it won’t be at our expense since we are the “main streeters” that these politicians say they want to protect.

Is our money safe and can we protect ourselves?

Jobless claims, unemployment filings, and layoffs are rising. Natural disasters in the form of hurricanes Gustav and Ike have not helped. The financial markets are in jeopardy which puts many of our businesses in jeopardy which then affects salaries and taxes. In this type of environment, how can we protect our money and ourselves?

I don’t have the answer but I’m keeping an open mind. While I don’t like the idea of taxpayer money bailing out the financial markets, I know something has to be done so our economy doesn’t grind to a complete halt. I’m encouraged by interviews I’ve seen by members of Congress who say there are other ideas being placed on the negotiation table. For better or worse, a response will soon be made to save the financial markets. I hope the pain we feel because of the solution is not so bad that it is felt by my future grandchildren and great-grandchildren.

How important is good health?

Do we really care about our health? How many of us make excuses for not exercising everyday or eating poorly? And what are the two biggest excuses - lack of time and money. But do they have to be? There may never be enough time and money. Should we be comfortable being unhealthy when we know we could do better?

Living unhealthy is about values. If you look at how you spend your time and where you are currently placing your values. This can tell you where you are committed and what priorities you have. The problem may lie in your approach and beliefs.

Instead of thinking about all the things involved in living healthy, think about the outcome. What would life look like and be like if you were healthy? Would you be more active with your family? Would you have more energy? Would you be less depressed? Would you feel better about yourself?

Many of us don’t enjoy exercising and there are many foods that are not good for us but we love to eat them anyway. However, if you wake up everyday, committed to having more energy, being less depressed, feeling good about yourself, and being more active with your family, you’ll be surprised at what you will do to achieve your goal.

Financial markets are in the crapper and the government wants to use our money to fix the problem

The news of the day is no mystery. Our financial markets are in the toilet and our Treasury Department wants to use taxpayer money to bail out failing Wall Street Companies. I don’t want the markets to crash but I also don’t think it’s fair for my money to be used to help companies that mad bad business decisions. I don’t want Congress giving Secretary Paulson a blank check without any oversight or any rules in place that protect me and my fellow taxpayers. Minimal oversight is what brought us to this place in time.

The first of three Presidential debates will take place this Friday and even though the topic is foreign policy I’m sure the bail out plan will be discussed. How we deal with our financial markets affects the world and that is part of foreign policy. We can’t live in a vacuum on this issue anymore. Neither candidate really knows the extent to the financial markets failing nor do I expect them to. However, I will be tuning in on Friday because one of them will have to deal with mess come January and I want to know how each candidate would proceed to fix this problem.

Taxpayers are being asked to bail out AIG

Insurance giant AIG is getting bailed out by the government. We the taxpayers are being asked to foot the bill because apparently, if we didn’t then the consequences would be horrific. Well, now that we the people are bailing out AIG, what’s being done to help them not get into this mess again?

Treasury Secretary Henry Paulson is considering creating a bail out agency. The agency would buy bad debts off of companies for a deep discount and then sell them back into the general market. My question is we have a 700+ billion dollar deficit. How are we able to bail out all these companies and how much of this are the taxpayers going to have to bear especially with layoffs and natural disasters occurring with more frequency? I’m sure in the coming days and weeks, we learn more because one thing we know for sure, more transparency is need especially if taxpayers are footing the bill.

Food allergies don’t have to keep you from enjoying a night out

Last year I finally found out why I was so tired all the time and just not feeling good. I have a wheat/gluten allergy. Of course once I found out I panicked. How was I going to survive without oatmeal or bread? My favorite breads were wheat and whole grains and the doctor was telling me that I had to give it up? I didn’t eat out a lot in the first place but once in a while I did and of course when I traveled. Gluten is in everything.

Once I stopped panicking, I went to the internet and read books and magazines. Luckily for me there was a community on the internet of people going through this and happily enjoying life. Allergicgirl.blogspot.com and glutenfreegirl.blogspot.com are two blogs I enjoy reading and referencing since they have links to other resources about having this food allergy.

Another great resource is the Food Allergy and Anaphylaxis Network (FAAN). I always like to know which nonprofits support certain issues. Since I have a food allergy, this is a good organization to keep track of for information and legislation. Another organization that is an advocate for my specific food allergy is the Celiac Disease Foundation . Both of these organizations have a wealth of information about food allergies and how to live with them, including guidance on eating out. Thank goodness for the internet.

Election Day is approaching. Are you registered to vote?

If you didn’t know, Tuesday, November 4, 2008 is Election Day. On this day many Americans will exercise their right to vote; will you be among them? Our vote is our power. It’s our political currency. Voting is a way to be part of the solution instead of sitting completely on the sidelines. People that don’t vote can’t complain about what’s going on around them if they didn’t vote and take the first step in making a change.

In most states the deadline to register to vote is thirty days before an election. You can visit the web site or call you state Board of elections to find out about deadlines for registering, absentee ballots, and early voting. You can also go to DeclareYourself.com to learn about voting information in your state and to register to vote.

Social Networking sites can help you find your next clients

Social networking sites are no longer just for catching up with old classmates or communicating with friends. Now business owners and professionals can use these sites to find potential clients, venture capital or even a new boss. Here are six sites worth checking out.

Linkedin.com: This site uses contacts from your email provider to invite peers

Ryze.com: This site allows users to join groups with similar interests

Tribe.net: Local online communities connect users and help their search for services

Facebook.com: This site is popular with young professionals and is a good place to network with college alumni and find jobs

Plaxo.com: This site is good for midcareer-level professionals who can use the site to streamline contacts, news sources, and other web content

MySpace.com: This site caters to the needs of young professionals, artists and entertainers that use site to search and post classifieds and community events. You can also share photos, videos, and blogs as well.

Don’t believe the ads-High Fructose Corn Syrup is Not Good for You

Ok. Have you seen the new ads about high fructose corn syrup? Basically they say that in moderation high fructose corn syrup is ok and no more harmful than sugar. It seems that the Corn Refiners Association has started an advertising blitz to change the image of high fructose corn syrup which they believe has gotten a bad rap. According to them, high fructose corn syrup is no more fattening than sugar.

Here’s the real deal. High fructose corn syrup is used in a lot of products from beverages to bread and manufacturers like it because it’s cheaper than sugar. Telling me that this product is no more fattening than sugar does not change the fact that it is fattening and aiding in the obesity of our citizens. And it’s especially bad for diabetics or those groups extremely susceptible to becoming diabetic.

I don’t see the sugar makers trying to change their image. Our citizens are fatter than ever before and it’s because of what we eat. Food manufacturers are counting on us to continue to stay fat because it helps their bottom line. Well, I’m not interested in their bottom line so in response to their ads I think I’ll stick with water.

Is she a politician or a political distraction?

Governor Sarah Pallin of Alaska has garnered a lot of media attention since the announcement of her as Senator McCain’s running mate. But is the attention positive or negative. Is she really an asset or a distraction? I still don’t know much about this woman and the stories that are being reported about her are not very positive.

As an independent voter, I need to know about each candidate to make an informed decision. Senator Obama has been on the scene since his speech at the 2004 Democratic National Convention and for almost two years since he started campaigning to be the next President. Senator Biden has a long history in the Congress and his record on the issues can be traced. The same can be said about Senator McCain. I don’t even know if Governor Pallin and Senator McCain are really on the same page on the issues. I feel as if the McCain campaign is trying to pull a fast one just to win the White House and we may be in for four more years of trouble on the domestic front, at least. I’m not sure America can afford that. I have no problem voting for Senator McCain if I feel he is the right man for the job but I need more information on his running mate before I can make that call. Until then, my vote is still up for grabs.

Great Ways to Market Your Business Online

The internet has changed how things are marketed. More people can be reached through the internet. Now don’t stop your direct mail and word of mouth campaigns because those are still good ways to get the word out about your business. However, the internet is a good addition to any marketing plan. Here are four simple ways to get the word out on the internet.

1. Create a simple web site. Use your web site to give pertinent information about your business. Then, place your web site url on all your marketing material and drive people to your web site.

2. Do some blogging. Write some interesting, conversational articles about your business and your industry. It will go a long way to creating buzz and creditability.

3. Try podcasting. Putting a voice to your business goes further than written material. It creates relationships without meeting face to face. It also gives you an opportunity to be creative and gain the attention of industry leaders and experts.

4. Don’t overlook YouTube. This is not the time to do a cheesy infomercial. Create an interesting how- to video and then lead them to your web site for more information.

Try one or all of these tips and see an increase of business in the coming months. If you have products or services that you believe the world should know about, don’t wait, get online and start sharing with the world.

Smoking increases heart attacks in women

Studies have shown that women get heart disease much later than men but not if they smoke. Studies are showing that women who smoke have heart attacks 12 years earlier than women who smoke while men who smoke have heart attacks only 6 years earlier than men who smoke.

Women who smoke, provided they have no other health problems, could have their first heart attack at age 66 rather at age 81; the age for women who don’t smoke. Studies have shown that estrogen may protect women from heart attacks but as they age and go through menopause, estrogen decreases leaving then at risk for heart disease; smoking increases that risk.

This is another good reason for women to stop smoking. The earlier they stop and start eating better and exercising, they may decrease their chances of heart disease dramatically.

Gustav pushes back Republican convention

The Republican National Convention kicked off this week in St. Paul, Minnesota but its first day speeches were halted due to Hurricane Gustav hitting land in our gulf states. In Louisiana the levees held but the lower ninth ward, which is still in a serious state of rebuilding, was flooded heavily.

Today, President Bush will address the convention via satellite from Washington, DC and Senator Joseph Lieberman will also address the convention. The convention is being retooled since the last nights activities were cancelled.

Political conventions used to make history

This week Democrats held their national convention in Denver with Senator Barack Obama accepting on Thursday. He became the first African American in history to be the nominee of a major American party. Today, Senator McCain fired back by offering the possibility of history himself by choosing Governor Sarah Pallin of Alaska to be his Vice Presidential nominee. So whether a Democrat or a Republican wins in November history in America will be made.

Independents and women voters will be critical voters in November and they will be courted heavily by both parties. Now that the party presidential tickets have been chosen it will be interesting to see how this plays out in state races across the country.

Seven tax-free states to consider

There are seven states that are considered tax-free havens. For aspiring business owners, they may the ideal spots to start or incorporate a business. The states are Wyoming, Nevada, Florida, Texas, Washington, New Hampshire, and Tennessee. These states do not have personal income taxes and some don’t have corporate income tax. So for those aspiring to open a business, you should consider placing these states on your short list.

Add strength training to your exercise regimen

In our 20’s and 30’s we start to lose muscle mass. After 40, one-third of a pound of muscle mass is lost each year. By lifting weights, you trim fat and keep muscle. You also increase your metabolism as much as 12 hours after exercising. Strength training also reduces the signs and symptoms of numerous diseases and chronic conditions like arthritis, diabetes, and depression.

As we age we lose bone density, flexibility, and have poor balance. Studies have shown that strength training helps to avoid some of these problems and slow down the aging process. If you are already engaged in a fitness program, add strength training a few times a week. If you have yet to start exercising, get off the couch and hit the weights!

Think differently about saving money

Americans are some of the worst savers in general. An article on YahooFinance offers seven counterintuitive ways to save money:

Spend money. You should limit unnecessary purchases but spend money on necessary upkeep and maintenance items that will save money in the long run.

Don’t stay home in front of the television. Instead of staying at home, take the initiative and take classes or attend seminars that will help improve your financial situation.

Don’t spend time learning how to invest. Wait until you’ve built up a nice nest egg and mastered your finances then learn about investing in individual stocks.

Don’t leave your investments to experts. Do your own research. It’s your money, learn how to manage and take responsibility for it.

Don’t let salary determine job choice. You’ll be more productive and eventually better paid if you are happy with what you are doing.

Don’t buy the cheapest things. Buy things of value that will last longer.

Don’t buy things on sale. Buy items on sale if they are items you really need.

Democratic convention kicks off in Denver and Obama announces his VP choice

The Democratic National Convention kicks off today in Denver, CO. Over the weekend we learned that Senator Obama chose Senator Joe Biden (D-DE) as his Vice Presidential running mate. Senator Biden has been a US senator for over 35 years.

The choice of Senator Biden is to fill in gaps in Obama’s resume and be a critic of senator McCain, who he has known for over 30 years. This week is critical for senator Obama. He has to show the people that he is ready to lead. He also needs critics within his own party to get on board with their support and negate statements they have said in the past. His current running mate is one of them and Senator Hilary Clinton is the other major critic. Their comments about senator Obama’s lack of experience and McCain being a better choice may hurt Obama in the end because he may not be able to shake the implications. Of course, with their attack ads that are using the words of other democrats against Obama, the republicans are counting on this to give McCain the White House in November. I guess a gentleman’s campaign is no longer a possibility. Duck, because a lot of mud will be slung.

Thank goodness Football is back!

That’s right I said it. I’m a woman who loves the NFL. To be more specific I am woman who grew up in Redskins territory but loves the Pittsburgh Steelers. Yes, everybody get your terrible towels out! I am so excited. The Olympics was anticlimactic for me. My favorite sports to watch are swimming, diving, and track and field. We did ok but our track and field athletes did not live up to the dominance we are capable of in the sport. So I turn my attention to football.

I’m not even asking for much from my Steelers this year. I’m not hoping for a SuperBowl ring but ya’ll better be in the playoffs fighting for the chance. For beginners or those that want to at least know what they are looking at when they watch a game go to NFL.com and read the rulebook. Knowing the basics will make the game more enjoyable. And if you can, do some tailgating. Football is supposed to be fun so enjoy. The official season starts September 4 as the Washington redskins take on last year’s SuperBowl champions, the New York Giants. Are you ready for some football!!!

Make sure your business can survive the recession

As small business owners and self-employed people a recession can be a cause for panic or some sleepless nights. There are ways to minimize the effects of a recession and give you back your peace of mind. Once you survive one recession you’ll be prepared for anything that comes your way.

Your first step should be finding ways to cut costs and streamline your business. Focus on those products or services that are continuing to make money and suspend or get rid of those that are not. Another thing you can do is to get rid of any excess inventory. A third thing you should do is to maintain your prices. If you slice prices to free up cash flow you may cut into your profit margins. You should also not be so quick to offer discounts. Reserve discounts for current customers as a way to maintain loyalty. Another way to maintain loyalty is to focus on service and invest in any employees or subcontractors you have. Your current customers and your employees or subcontractors will be the key to helping you weather the recession. To free up cash flow contact your suppliers to see if you can have payments extended and if people owe you money, it’s time to collect. Renegotiate any contracts coming up for renewal at lower prices and look for ways to expand your business. These few tips may make the difference in how well you get through the recession.

FDA says chemical is not harmful

The FDA has announced that bisphenol A (BPA), a hormone disrupting chemical found in many consumer products like can linings and baby bottles, is safe. Laboratory studies of BPA have consistently been linked to obesity, developmental problems, heart attacks, and breast and prostate cancer. Scientists, physicians, and children’s health advocates are outraged. Congressman Edward J. Markey (D-MA) has introduced legislation to ban BPA in all food and beverage containers.

Since the government is not doing its part in keeping people safe, I urge people to take it upon themselves to be diligent in this issue. This chemical is very harmful and while I don’t begrudge anyone from making a buck, the companies that make this chemical and those that use this chemical in their goods are being irresponsible. The health of the public should be more important.

Bad grocery shopping habits may be costing you money

We are all more conscious of how much money we are spending at the grocery stores these days. But even with coupons and a shopping list, we still may be spending more money than we bargained for. Here are ten habits, according to an article at Myrecipes.com, which may be costing you money at the checkout line.

Stocking up on a great deal: The purchase is only a great deal if the food gets eaten. Don’t overbuy even if the price is right.

Reaching for the “value size”: Be sure to check the unit price so you can calculate how much an item costs per ounce or per pound.

Buying 10 for $10: Unless there is a specified minimum purchase you can usually buy the amount you need while still taking advantage of the discounted price.

Skipping the store brand: Store brands offer good savings all year round and are not as inferior as people think.

Shopping leisurely: Studies have shown and supermarkets know that the more time you spend in a grocery store the more money you spend

Clipping coupons religiously: Coupons can save you money but not if you pick up an item that’s not a bargain or is an expensive brand you don’t normally buy.

Zoning in on “sale” signs: Just because it looks like a sale doesn’t mean it’s on sale. You should track items you buy regularly so you can evaluate a good deal when you see one.

Making a list: People make lists to help them remember what they need and to avoid impulse shopping but they tend to spend over 41% more that those who shop list free. If you use a list, make the list round menus but keep the store circular ready to take advantage of specials.

Swiping you card too early: Watch the scanner and make sure you are being charged the right price. Not all sales prices are updated in the registers so be vigilant.

Presidential candidates speak with evangelicals over the weekend

In a faith forum hosted by evangelical pastor Rick Warren, founder and senior pastor of the mega church the Saddleback Church in Lake Forest, California and author of The Purpose Driven Life, Sens. Obama and McCain did an hour long interview each. This was their opportunity to share their views about issues important to “values” voters. While both men defined marriage as a union between a man and a woman, Obama is pro-choice and believes in civil unions for gay couples. Senator McCain is pro-life and says he would leave it up to states to decide about civil unions.

In other news…
On Saturday, Michael Phelps became the first man in Olympic history to win eight gold medals at a single Olympics. He takes over the title from Mark Spitz who held the title with seven gold medals for over thirty years.

In the men’s 100 meters, Jamaican Usain Bolt smashed the world record and won gold in 9.69 seconds. In the 110m hurdles China’s hopes were dashed when an injury took reigning gold medalist Xiu Liang out of contention after the first round.

Does a 4-day work week really work?

Many companies in the US and Canada have or are considering implementing a four day work week. The reason is to save on energy costs and be environmentally friendly by reducing the greenhouse gases given off by commuters in cars. The benefit to workers is more time to relax and spend time with their families or enjoying their lives outside the office. The challenge is to implement the shorter work week without shortening the pay. Most employers just have workers working longer hours.

Some employers are worried about worker productivity dropping with a shorter work week but studies are finding that workers are much in favor of the shortened week. However, workers like the idea of a voluntarily versus mandatory four day work week. They seem to like the four day work week to be one of many options offered in a company’s flexible work plans. Flexible work plans go a long way to show a company’s support of an employee right to work/life balance.

Some companies factor in obesity rates

Many companies are doing what they can to cut their healthcare costs. They are banning smoking, providing wellness classes and passes to gyms, and even placing healthy snacks in vending machines. There is now evidence that companies are examining obesity rates as a factor into whether or not to open a site in a certain city. They are doing this to cut future healthcare costs. Targeting healthier cities means healthier employees and lower insurance costs and absentee rates.

In other news…
Small companies and business owners should be aware a growing problem. More and more small companies are allowing employees to use personal smart phones for work. This is leaving their business vulnerable to hackers that are targeting mobile phones.

By using spyware, hackers monitor what people type and what messages they receive to find out any company secrets. Smaller companies lack the IT staff and security software needed for individual phones. To help, security companies are working to develop encryption software for mobile phones.

The flu season is approaching…Are you at risk?

School is soon starting for children and adults around the country. Also fast approaching is the flu season which starts in October, ends in March, and peaks around February. The flu season has been known in some years to last past March. The CDC has a great guide that tells what everyone should know about the flu. To be on the safe side, if you are in an at risk category, visit your doctor in September to get you vaccination.

In other health news…
Losing weight seems like an ongoing battle that we seem to continue losing. An article on Health.com says a solution may be to try a spa that specializes in weight loss. It has a nice list of four spas that may help you lose weight and keep it off.

A recent issue of the Journal of the American Medical Association (JAMA) is reporting that soldiers returning from combat deployment have a high incidence of alcohol abuse. It is most apparent in young soldiers and Reserve and National guardsman than in any other military branch. Soldiers are turning to alcohol as a way to cope with re-entry into their back home in the U.S. Hopefully the findings in this studies in this issue of JAMA will help the military develop programs to help soldiers get the help they need.

Student loans not as plentiful for 2008-2009 school year

Many lenders are dropping out of the student loan market or tightening their standards every week it seems. Financial aid offices are worried. A law passed in May makes federal loans more accessible but private loans are harder to get. Many students and families are turning to the government for help. The Higher Education Opportunity Act which offers more transparency in the student loan process is awaiting the President’s signature.

In other news…
People that purchased pre-construction homes are losing their money and not gaining a new home. Around the country many new home projects are delayed or being scrapped all together and homeowners are unable to get their money out of these projects.

The pros to buying pre-construction is that you can buy at a lower rate, get first choice of unit and the ability to customize, will experience an appreciation in the time it takes to complete the project, and you can build credit during construction to get a better loan. The downside is that your deposit is tied up for years without interest and you may lose your deposit if the project falls through. Here are a few tips to help you avoid losing your money in buying preconstruction.

Be aware of how your financial situation will change between the contract and closing because you can’t apply for a loan until the project is finished.

Expect the project to be delayed.

To determine whether your preconstruction is a smart buy or not consider the competition being built in the future nearby.

Hire an attorney to make sure your contract is fair and your deposit is secure.

Research the developer and his projects in your city and in others.

There are pros and cons to many investment deals. The key is to be informed to minimize the risk and increase your return on investment

Is Russia trying to rebuild the Soviet Union?

Russia has invaded the country of Georgia. The leadership of Georgia believes the reason for the invasion is Russia’s attempt at a regime change in Georgia. They believe Russia wants to oust the Pro-western democracy that currently governs the country. Georgia is an ally of the United States. President Bush is calling on a cease-fire from Russia however other than asking for the attacks to stop, the United States has limited influence in the region.

In other news…
John Edwards, former presidential hopeful and North Carolina senator, admits to having an affair two years ago but claims that the child of his mistress is not his. The media, of course, is running with the story and wondering about the effect it will have on Senator Obama’s campaign. Other than the media dragging the story out and making more of it than it really is, I doubt it will have much effect on the senator’s campaign. As far as Mr. Edwards, he’s run for President in the Democratic primaries more than once and has yet to be named the nominee. I think his career in public service may be over but as a private citizen I hope he continues to fight poverty.

The Democrats spent the weekend creating a party platform that will be shared at the upcoming Democratic National Convention in Denver. While it tackles many issues, it commits the party to guaranteed healthcare for all citizens in a move to appease Clinton supporters and unify the party. It is also being reported that Senator Obama will text and email his Vice President running mate to his supporters so that they will be the first to know.

Stay-at-home wives is a growing constituency

Many women leave their jobs and careers to become stay-at-home moms. But there is a growing segment of women who leave their careers to focus on homemaking and having a better relationship with their husbands. These women do not have children. Some say these women are a status symbol that tells the world that this couple has enough money coming into the household that both people are not needed to work. But stay-at-home wives say it’s not about being a status symbol but making a lifestyle choice. They say they are less stressed and more able to focus on home and other desires like volunteer work and creative outlets. If a woman has a choice and chooses to stay home, why shouldn’t she? There are a lot of working women who would love to have this option available even if they never make the choice to stay home. I know I would.

How to evaluate your 401(k)

Whether you are self-employed or work for an employer, saving money for retirement through a 401(k) is a smart idea. It’s a great idea especially if there is a company match. However, some 401(k) plans are better than others and the differences can add up to thousands of dollars in retirement savings. Here are some tips for evaluating your 401(k) plan.

Check out the funds offered in your plan
Find the ticker symbols and do an online search. If the funds are not available to the public it is likely your plan invests through an annuity. Annuities are more expensive than most mutual funds or exchange-traded funds (ETFs).

Are the funds in good share classes?
Mutual funds offer different share classes with different fee structures. B and C shares are more expensive. You may be better off with load-waived A shares or with institutional shares. The type of share should be apparent in the name of the fund.

Make sure you have the option of low-cost fund choices
ETFs are index funds which are the least expensive funds. If you want higher returns you can pick actively managed funds but higher returns are not guaranteed, making index funds a good choice for most people.

Top-performing funds are key
Retirement investing is for the long-term so make sure you have a selection of funds that have been around ten years or more and that they have ranked among the top half of funds in their categories.

Get professional advice
401(k) decisions are not easy. If you work for a company, find out if they use financial planners. If you are self-employed, sit down with a financial planner to talk over your concerns and to get guidance. Many banks and credit unions offer financial planning. You can also check with the Financial Planning Association [www.fpanet.org].

Talk to the plan’s trustee
If you follow the above tips and feel like your plan could be better, talk with your 401(k) plan’s trustee. Under federal law, the trustee has to offer participants the best possible plan at a reasonable cost.

Healthy weight loss can happen with a trip to the local farmer’s market

Just-picked fruits and vegetables smell and taste great. When you add farm fresh eggs and dairy, lean meats, seafood, and whole-grain breads, you can have meals you want to slow down and savor. This helps you fill up quicker on fewer calories. A recent study showed that people who increased intake of water-rich fruits and vegetables while lowering their fat intake lost one-third more weight over six months and were less hungry. If you combine protein, good fats 9like those found in fish), and fiber, you’ll feel satisfied and your blood sugar level will remain stable. Fiber makes you feel full longer. To find a farmer’s market near you, check out Resources for Farmers’ Markets.

Protect yourself – medical identity theft on the rise

Medical identity theft is an uncommon but growing threat to people with health insurance. It’s a threat that could cost you your life. Medical identity theft occurs when someone steals your insurance card or other identifying information and obtains medical services in your name. This could lead to the perpetrator’s medical history getting mixed up with your own.

Some warning signs to look for are denial of coverage, unusual claims, and unexpected bills. If you are denied coverage because you’ve exhausted your funds for the year but made only a few visits to the doctor, contact your insurer. Insurers send out information about claims processed on your behalf. If you receive Explanation of Benefits statements but have not received treatment lately, contact your insurer. If you get bills or calls about procedures you’ve never received, contact your provider’s billing department immediately.

It’s hard to prevent medical identity theft because the perpetrators usually work in medical facilities with access to patient records. However, you can reduce your risk. Keep your insurance card number confidential. Don’t read your number in public and report a lost or stolen card immediately. Obtain a list of claims filed in your name each year and read any Explanation of Benefits statements carefully to make sure you received the services described. Get a copy of your records from each health provider you use to make sure there are no inaccuracies.

If you think you are a victim of medical identity theft file a claim with the Federal trade Commission (FTC) and a police report. These will help you dispute claims with insurers. Also, alert medical facilities where you think your identity was compromised, even if you haven’t been there, so they know too.

Tackling immigration

The Bush administration has been cracking down on illegal immigrants. So much so that the immigration courts and deportation centers are overcrowded. To relieve some of the pressure the Department of Homeland Security has created Operation Scheduled Departure. The program is in response to Congress’ failure to deal with immigration. The program gives illegal immigrants that have ignored their final deportation notice a chance to voluntarily turn themselves over to authorities. I return they will be given 90 days to get their affairs in order before being returned to their country of origin. The new program is being piloted in Phoenix; Santa Ana, CA, San Diego, Chicago, and Charlotte from August 5 – 22. Depending on the response the program may be expanded to other cities.

In other news…
The Bush administration is trying to expand the definition of abortion to include birth control pills and intrauterine devices (IUDs). It is being said that the rationale is to support those health workers that don’t want to offer birth control bills or IUD’s for moral reasons. If this gets traction expect a heated debate on this issue.

Wal-Mart is mobilizing staff and telling them that if Democrats win the White House in November, they will likely change federal law to make it easier to unionize companies. Three reasons to oppose unionization are that employees will have to pay hefty dues while getting nothing in return, employees may have to go on strike without compensation, and unionization could mean fewer jobs as labor costs rise. By holding meetings with staff Wal-Mart is indirectly telling their staff how to vote in November.

This legislation, co-sponsored by Senator Obama who says if elected he will sign the bill into law, is called the Employee Free Choice Act (also know as card check). The US Chamber of congress has made defeating this bill a top priority while the AFL-CIO has made passing the bill a top priority. The legislation allows unions to form if 50 percent of employees sign a card saying they want to join a union.

The Higher Education Act looks like it is getting closer to being renewed. It is expected to pass the Senate and be signed by the President. The bill offers greater transparency of college costs. The Department of Education would list the most expensive colleges on their web site as well as the colleges that raised their tuition the most. The law puts pressure on states to maintain their level of higher education spending or face losing certain federal funds. It also expands access to Pell grants, going form two semesters to year round. The legislation also includes consumer protection on everything from textbook sales to private student loans. The Higher Education Act hasn’t been renewed since 2003.

China doing all she can to change image for the Olympics

China wants the world to love her. That means she does not want detractors to have their say while she is hosting the biggest sporting event in the world. The Chinese government will block many web sites during the Olympics. There is a continuous crackdown on human rights activists, with many being jailed without a trial. There is also a huge push to clean up the air pollution. Factories have been temporarily shut down, cars on the roads have been limited, and workers are temporarily able to work from home. All of this is an effort by the Chinese government to show China as a country of harmony and stability. But does the government think we are buying what they’re selling?

A few weeks of clean air and blocking web sites is not going to disguise China’s flaws. You have poor air quality and horrible labor practices. Your treatment of Tibet is atrocious and you have more people languishing in your jails for bogus charges. While we will watch the Olympics and cheer for our athletes don’t let our applause fool you. You have a long way to go China in changing your world image.

If you work at home big brother may be watching

Many employers are using software to check up on their employees and contractors who work from home. While those of us that work at home enjoy the time and freedom we get from not having to commute some employers are still control freaks. Some employers are happy to let you work from home but they still want to control how you spend that time.

If you are a telecommuter, then ask the human resources department of your company about if they monitor their telecommuters and how thy do it. If you are a contractor or freelancer working through an agency or sites like Odesk or Elance, ask or check the web site to see what type of monitoring is employed.

There is nothing wrong with employee or worker monitoring as long as employees or workers are informed and it is company policy. Otherwise, I think monitoring without someone noticing is classified as invasion of privacy.

Walking can keep you fit for life

Walking is something we do everyday and we don’t need to go to the gym and hit the weights to do it. Just an hour a day, everyday, helps those who have lost weight keep it off longer than those who exercise less. Studies have shown that walking adds years to your life and reduces your risk of chronic illness. People that are active in their 50s and 60s are less likely to die early as those that lead a sedentary lifestyle. About.com has a great site that talks about many different aspects of walking from benefits, types of injuries, types of shoes, walking programs, what to eat, etc. Another site to check out is The Walking Site.

Before finding a second job, think about turning a hobby into a part-time business

The recession is making us all feel the pinch. We could all use some extra money. Instead of pounding the pavement for a second job, why not turn something love into a business? Since you’re already doing something you love, there’s no reason you shouldn’t make money from doing what you love. Outside of tax benefits from having your own business you may also relieve some of the stress or boredom from your full-time job because you have something to look forward to and it’s helping increase your bottom line. Helpful sites to visit for the business side are Entrpreneur.com and the Small Business Administration. Then I suggest doing a Google search to see how others are making money from your hobby. Networking through business and hobby-related forums will also be helpful.

Senate passing housing relief bill but what does that mean for us?

On Saturday the Senate passed the most far-reaching bill on housing. Included in the bill is a rescue plan for Fannie Mae and Freddie Mac. The President says that he will sign the bill. The bill will essentially give those who qualify an opportunity to refinance their mortgage into a lower government-backed loan. To qualify, homeowners need to meet the following criteria:

Homeowners are currently living in their home and have loans issues between January 2005 and June 2007.

Homeowners must be spending at least 31% of their monthly income on their mortgage and prove that they cannot continue to pay their mortgage at the current rate. They must also prove that they are not deliberately defaulting to get a lower rate. This applies to homeowners up to date on their loan or in default.

All other debt, like home equity loans or lines of credit, must be retired on the home before being able to get a FHA-backed loan. Homeowners will not be able to get another home equity loan for five years unless it’s for necessary upkeep on their homes. At the time of getting a home equity loan, total debt on home cannot exceed 95% of total appraised value of the home.

To find lenders go to the Department of Housing and Urban Development website.

Don’t live in the dark

Over the years Americans have adopted an escapist attitude. We want to be entertained and take a break from whatever our reality may be, if only for a little while. Even after 9/11 happened, we are less informed about what our future may hold. Other countries around the world know more than we do because so goes America, so goes the world. We have such reactionary culture. We wait until things happen to make a change instead of being progressive and avoiding things we can control.

We can control our health. We can control our level of success and wealth. We can control how much living we get in before we die. But we choose to walk around powerless, allowing life to happen to us. Now we are facing a recession. Instead of complaining or waiting for our government to give us relief, we should decide what we are going to do to improve our lives and the lives of others. The more proactive we are, the more change can happen. So be proactive and change your life.

Don’t let procrastination hurt your future success

Procrastination keeps us from moving forward in our lives. Procrastination can make the difference in your level of success; personally and professionally. Below are some tips offered by Denis Waitley, respected speaker and productivity consultant, to help you avoid or change your tendency towards procrastination.

Identify what you’ve been putting off. On a blank sheet of paper take five minutes and write down any important activities you are delaying or have put on hold.

Look at you list of activities and do one of them right now. By directing the energy you’ve been using for excuses towards activity you’ll find that action eliminates anxiety.

Set a designated time in the day to work on your list. You’ll be amazed at how much you can get accomplished when you spend a specific amount of focused time on a goal or task.

Focus on quality of effort and not on perfection. There will never be a right time, setting, situation, or opportunity. Get started and realize that midcourse corrections are allowed. The key is to get started.

Stressed out and anxious – Try a salty soak

Magnesium sulfate, otherwise known as Epsom salt, is an affordable, easy to find and use product to melt away your stress. Excess adrenaline and stress reduces magnesium which our bodies require to bind serotonin, a mood-elevating chemical in our brains that gives off a feeling of relaxation. Magnesium is easily absorbed in the skin so taking a soak in an Epsom salt bath will do the trick. In addition to increasing serotonin levels, magnesium sulfate flushes toxins from the body, soothes muscles, and reduces inflammation. Use Epsom salt in the bath with essential oils like eucalyptus to aide in relaxation or use with petroleum jelly or alone to exfoliate. For more information and uses for Epsom salt visit the Epsom Salt Council web site.

Supermarket waste costing consumers

A U.N. report found that total food waste in America, including what we throw out from our homes, is about $48 billion a year. $20 billion of that is waste from supermarkets and they are passing those costs on to the consumer. As food costs rise, supermarkets are trying to find ways to cut waste and fine more environmentally friendly ways to deal with waste. Hopefully a reduction in waste costs will translate to a reduction in costs in the grocery aisles.

Two ways to offset rising grocery prices is to sell things you no longer need and to look for ways to save. When it comes to finding savings, try these tips:

Bundle your internet, cable TV and home phone services. There are companies that offer special deals or limited-time deals on bundled services. At bundlemyservices.com you can comparison shop companies nationwide. If you sign-up for a limited time offer, remember to call and cancel or renegotiate before the rates jump up.

Shop around for a better rate on your car insurance. There is a calculator at the California Department of Insurance web site that will allow you to comparison shop basic annual premiums of different auto insurance companies.

Ask for a lower rate on your credit cards. Pick up the phone and call you current card companies and ask for a lower rate. If they say no, be persistent and call back in a month or so. There are is a lot fo competition out there for your business so don’t give up. If you don’t have any balances on ytoru cards, consider switching to a credit card that pays you back in reward points. You can comparison shop credit card rates at LowCards.com.

To bring in extra cash put on your yard sale game face. You can sell things online through eBay and craigslist. Some newspapers also have free online classified ads. You can also buy print ads in newspapers and magazines. Try holding a yard sale or estate sale. Be sure to check with your city to make sure if you need a permit or not. You can also sell things to consignment shops and pawn shops. Consignment shops take a cut of the proceeds from the sale and pawn shops buy things at lower prices so they can make money on resale so you may want to sell your items yourself before asking others to sell them for you.

Hooray for T. Boone Pickens

An oil man has created a plan to reduce American dependence foreign oil. T. Boone Pickens says that drilling for more oil is not going to solve the energy crisis and he proposes a plan to that may help. You can check out his plan at PickensPlan.com. According to his numbers in 1970 we imported 24% of our oil from foreign countries. Currently we import 70% of our oil from foreign countries. This is at a cost of $700 billion dollars which in ten years will be 7 trillion dollars. Mr. Pickens calls this the largest transfer of wealth in the history of mankind. He feels it’s time we look towards renewable, domestic energy sources like wind, solar and natural gas. By turning to these sources we can reduce our dependence on foreign oil by almost 40% or $300 billion.

I applaud Mr. Pickens for his vision and for taking a stand. However, let’s be clear. Mr. Pickens is a business man. He sees the financial opportunity in renewable energy and he knows that profits from oil are on the downturn. His plan is about reducing American dependence on foreign oil. If this happens to planet friendly then that’s great but that is not his objective. He has not become an environmentalist overnight. He is still guided by capitalism. It just so happens that his plan offers a solution that is planet friendly and good for our national security as well.

It’s time for the good reverend to retire

In the 2008 State of the Black Union, hosted by Tavis Smiley, a panelist made a statement urging people to be sure they knew the difference between “black leaders” and “leading Blacks”. The implication being that a black leader is given the title while a person “leading blacks” has placed the title of leader upon himself.

For many years, Reverend Jesse Jackson has been on the front lines of civil rights issues and issues facing Black Americans. He has also been seen as a moral compass for many Americans. In the past, we would have called him a leader. Since news of his extramarital affair that led to a child and now his remarks about Senator Obama, as well as his alleged use of the “N” word, the Reverend is showing signs of a leader on his way out who is trying to hold on to his past influence. His recent remarks show that he is no better than Reverend Jeremiah Wright when it comes to Black Americans lifting each other up one minute and in the next moment tearing each other down. At least the Reverend tried to make private comments, even though how private he thought he could be while still on mic is anyone’s guess.

I’m curious. If he was so troubled by Senator Obama and his conversation with the parishioners of a Black church why didn’t he contact Senator Obama with his concerns? I think it’s time for Reverend Jackson to retire from public life so that he can say what he wants without having people scramble for damage control.

Make sure your money is safe!

On July 11, 2008, the governemnt seized control of IndyMAC bank. Customers with single accounts of up to $100,000, joint accounts of up to $200,000, and retirement accounts of up to $250,000 were insured by the Federal Deposit Insurance Corporation (FDIC) and would have access to their money. For more information on the FDIC, please check out their web site. Another web site to visit is Bankrate.com. There is an article about what happens when banks fail and Safe & Sound ratings page where consumers can find out the safety level of their banking institution. Contact your bank representatives for information on ways to keep your money safe.

Are Your Vitamins Doing What They Claim To Do?

Did you know that doctors are not trained in nutrition or helping people achieve optimal health? Most doctors are taught to treat diseases and what medicines to provide for symptoms. It’s not hard to see why pharmaceutical companies are so wealthy.

When you do to the doctor, most will tell you to exercise and change to a healthy diet. They won’t suggest you take supplements. The reason is that the medical literature shows the benefits supplements. However, when you research the medical literature or talk with doctors knowledgeable in nutrition, most will sing the praise of supplements. The reason is that they know we cannot get all the nutrients we need from the food we eat to achieve optimal health and that supplements are key components in preventative medicine.

USANA is leading the way in high quality supplements. Founded by scientist Dr. Myron Wentz, who holds a PH.D in microbiology and immunology and a pioneer in the use of human cell culture technology for the diagnosis of infectious disease, USANA is committed to providing well balanced, high quality health supplements to promote good health. USANA supplements have high dissolving rates and are pharmaceutical grade versus food grade which is all that is required of supplement makers.

There are a lot of products out there to choose from. I’ve tried a lot of them and only one brand has worked for me and that’s USANA. I can now get through a whole exercise routine and I don’t struggle to get out of bed in the morning. My constant fatigue is gone and for the first time since I was a kid I have actual energy. I feel like a normal person. Visit USANA on the web, try their supplements, and see for yourself the USANA difference.

Terrorist Watchlist is almost at 1 million names. Do you have trouble flying?

Homeland Security has a terrorist screening center that created a terrorist screening database so that all federal agencies are working from one list when it comes to internationals and domestic terrorists. You can check out the FBI’s web site for answers to frequently asked questions about this database. The ACLU says the system needs to be fixed because many innocent people have fallen victim to being on the list including Nelson Mandela who was recently removed by President Bush.

Here again is another decent idea put into place with poor execution. The ACLU is right to call for controls of the watchlist. It is fine to protect America from international and homegrown threats but why does it take the ACLU to say that the system isn’t working? Why create a system that places people on a terrorist list but then fail to create an expeditious system for removing them from the list when it is found that their names were placed on the list in error? How effective is a system if an agency is only 100% sure that a small fraction of the names on the list are true threats? Collecting a bunch of names to show Americans that something is being done about terrorism and to give agencies the right to invade the privacy of innocent people is not the way to fight the war on terrorism.

Currently there is no way to know who is on this list. If you repeatedly have trouble being detained when flying, especially in and out of the US, cooperate with the agency but explain your problem and they will give you instructions for addressing the issue with the appropriate agency redress office.

How Far Has America Really Come?

This week’s cover of the New Yorker magazine is controversial. New Yorker editor in chief David Remnick tells ABC News’ Senior National Correspondent Jake Tapper that, "The intent of the cover is to satirize the vicious and racist attacks and rumors and misconceptions about the Obamas that have been floating around in the blogosphere and are reflected in public opinion polls," Remnick says. "What we set out to do was to throw all these images together, which are all over the top and to shine a kind of harsh light on them, to satirize them. That’s part of what we do."

For those who don’t know a satire is defined as “the use of ridicule, irony, sarcasm, etc., to expose folly or vice or to lampoon an individual”. Some are arguing that most people don’t know what satire is and would not view the cover as it is intended. The cover of the magazine, for different reasons, could be viewed as everyone’s worse nightmare. For some Americans, it’s a depiction of all their fears associated with race and ethnicity. For African Americans, it may take folks back to a time when covers like this were the norm.

I don’t have a problem with satire and I support the first amendment. I do question the timing of this week’s New Yorker cover and wonder if there will be a forthcoming satirical cover of John McCain and his wife. Maybe the magazine needed to boost sales and saw this as a way to do that. I mean, most of us are worried about the economy and the energy crisis so this is the type of thing that could slip by us without much notice except nothing that evokes race ever slips by us.

This cover is divisive and keeps us focused on race rather than on the issues. That may not have been the intention but that is what comes across. Jobs are being lost, the economy is slow, gas prices are up, etc, etc. However, race is the one issue that trumps everything. A person’s race or ethnicity should not keep him or her from holding the highest office in America. A person’s race or ethnicity is not an indicator of whether or not he or she is capable of being president. Because if we are honest a lot of the issues we are facing right now were caused by white men and these men are loved and supported by their wives who are white women. So clearly race and ethnicity should not be a factor when choosing the next President of the United States of America. And let us applaud Senator Obama and his wife for being proud patriots and lovers of a country that would treat them like this.

Recession is changing the way we live

In a slow economy we tighten our budgets and open our wallets only when necessary. Even the wealthy are reconsidering their purchases and expenses. We are changing the way we shop, the way we have fun, and the strategies we employ to be successful employees and business people. But is this the right thing to do?

People spending keeps the economy going. The problem is we have overextended ourselves and now our incomes are not able to keep up with our cash outflows every month. As the economy slows, salaries remain static, and business owners are laying off workers, finding the money to give us relief is nowhere to be found. Another problem is our distrust of our government.

Our government is just as bad, if not worse than we are at overspending in a daily basis. And the bills just keep adding up. If our government can’t fix her own debt problems, why should we believe she can find solutions for us? The decisions they’ve made or failed to make have placed us in our current position. While it may be true that some sort of recession comes along every five to ten years, the solutions used to correct the economy in the past will not work this time. New solutions are needed at the government level. At our level, we need to be more proactive politically and financially. Our financial futures are in our own hands. Maybe as we citizens become more fiscally responsible, the government will see us as examples and follow our lead.