A CBS Legend!

A true pioneer in TV news, Don Hewitt died today at the age of 86. He‘s the guy that created the show “60 Minutes“ in the 60’s. I read that he started with CBS in 1948, right when they where starting out. I also read that he produced 60 Minutes until 2004, that’s a long time. He also won 73 Emmys, 13 DuPont/Columbia University Awards and nine Peabody Awards with 60 Minutes. I sure would think that his idea for 60 Minutes was a great one. He’s also the guy that said “tell me a story”, an idea he got from kids. He will live on through his show, as well as other things he’s done. He was a true visionary, he’ll be missed by many people.

Dropping New Name!

The owners of the “Freedom Tower” are going to market the building by it’s old name “One World Trade Center.” They have chosen to do this because their having trouble getting the building rented out. The biggest reason why the building isn’t getting rented out is because businesses are afraid of another attack. I was reading that even The Port Authority of New York and New Jersey have admitted that their own workers do not want to return to the location. The reality of this building coming under attack again is very possible. But will it happen is anyone’s guess. The thing that makes this name change so sad is that this is what the terrorist wanted, us to be afraid. We need to not be afraid anymore and stand up to this fear. At this point they don’t even need to attack us again. As long as they know we’re afraid they win. So let’s stop being so afraid of these terrorist and keep the name “Freedom Tower” intact. The family members of the almost 3,000 people killed that day deserve it. Who cares about getting the building rented so fast, it will get rented. So I say do the right thing and leave the name set at “Freedom Tower.”

Recession Much Worse!

I have been hearing that it’s going to get much worst before it’s going to get better. I’m sure you’ve all heard it as well. And for the most part I hear it coming out of President Obamas mouth. I think he knows more than what he’s telling the American people, as well as the rest of the world. And I think a lot of people are starting to feel the same way.

As I was searching around the net today I came across a interview with Peter Schiff, president of Euro Pacific Capital. He thinks if the U.S. government passes this new stimulus bill we will be in an “inflationary depression worse than anything any of us have ever seen.” He also thinks that if the U.S. government should stop borrowing and let the market take it’s course so we can come up with a new platform. Right now our economy is built on borrowing and spending. He thinks we need to build on saves and production, and I can’t agree with him more. We need to stop living the ways we are now and start making hard changes to save our economy. Because if we don’t, and the bond bubble pops there will be no more government borrowing, then what would we do? If the collapse of the dollar happens the U.S government will go broke, and then the rest of world will follow. It’s time to start saving, and build on a real economy, not a fake one.

Interest Rate Cut!

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

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