Thursday, July 19, 2012

"Where both deliberate, the love is slight; Whoever loved who loved not at first sight" (Marlowe)

.....These  days there is no place for your money to make money.  A few years ago you could buy a CD for 12 months at an interest rate of 4.5% which was a pretty good deal. But now banks ads and commercials advise you to open their savings accounts or CDs at a whopping .80%!  So, if you deposit $10,000, after one year you earn $80.  Whoopee.  I could make more than that on scratchoff tickets.  Perhaps your money could make money in the market, but if you're over 80, it's much too risky.  Heck, if you're over 70, it's too risky.  Elderly people on fixed incomes cannot afford to lose money in the market.  My financial advice to myself is, take what you can get with CDs and savings accounts.
.....I know that the ALLY bank adds .25% to your CD if you renew it, so that if your CD had been earning 1.04% with them, your renewal with the bonus would be earning 1.29%, the best rate out there.  And you can even add funds to that same CD during the 10 days after it matures.  I don't think you can find a better deal anywhere these days.  Let me know if you have a better one.

.....Enough with the financial stuff. I'm not a broker. The good news is that my grandson, Adam, Joel's son, got married last Sunday in the house!  There were friends in attendance, but only Joel, Barbara, and daughter, Hannah, were blood relatives at the ceremony.  Rh+ and I felt that brother Bobby, who lives in the vicinity, ought to have been there, along with his girlfriend, Michelle.  But I was not running the show.  We only learned about this marriage on Friday before the affair on Sunday.  It was Adam's desire to do it all this way.  They could have accomplished this in Las Vegas with nobody there, and had some fun in the casinos.  When the time comes when the happy couple decide to have children, perhaps they will have a boy who could carry on the name, Ross.  I'm the original.  Maybe they could call the kid, Baron--Baron Ross.  No so bad a name, I'd venture.

.....The other good news is that my granddaughter, Bobby's girl, is pregnant with a male child, they will name, Huston.  I'm dedicating my next book to him, because Katrina is making me a great grandfather!  She and her boyfriend are both in the US Navy.  PK, as I call her (Princess Katrina), is a Petty Officer 2C.  She supervises the mechanics on the jet planes.  I believe she is going to make the Navy her career.  Now, not only is Katrina in the military, but my nephew, Jake, and his sister, Meagan, have both signed up for the Marines and are on their way to Paris Island.  I guess we were destined to be a military family.  Jake and Meagan are the children of Mark, my sister's son.


5 comments:

  1. ruth.grimsley@virgin.netJuly 19, 2012 at 6:33 PM

    Well, Baron, I think that things are moving on pretty well in your family, and that's all we can hope for in this financial depression - or to call it by its rightful name: "SLUMP!" As far as finance is concerned, the deregulation of banking etc. - in the case of the US, the repeal of the Glass-Steagall Act, and in the UK, what was called the "Big Bang," - has made victims of us all. EVERYONE is having to pay for these vicious follies. The price I am paying for the depression is not financial: it is domestic. My first and second children are settled with good careers but my youngest, Manny, can't get a job commensurate with his qualifications, which are in local government and public health. Consequently, he can't afford to leave home. So he and his live-in girlfriend Teresa are living in my house, and while not wantonly or deliberately destructive, they manage to be disruptive to my life, especially in the field of kitchen hygiene. He is a talented young man, and is trying to develop a second career as a folk musician. He already earns money from it but not enough to live on. We live in hope! As fro her, she is a post-graduate archaeologist, and there aren't any jobs in that field either, and she is also handicapped by a great degree of deafness. SO - it's clear that the recession sets us all new challenges. The quality of our resilience represents our value as human beings. Worse things have happened and are happening to people than a decrease in their prosperity with which they can cope. In your country and ours, some poor folks, whose fall from prosperity to poverty is not their fault at all, have to rely on food handouts, and that's not funny at all. Personally, I'm not a convinced protectionist, but global free trade hasn't helped us this time round, so to hell with it. Up with the trade barriers. Make US citizens buy goods made in the USA, and make UK citizens buy goods made in Britain. This looks like heresy, as our biggest market for exports is the European Union, but that's in dire financial straits now, and it's only a matter of time before their populations can't afford our stuff, or enough of it to keep us afloat. Either bring back trade barriers, or spread the word that buying cheap imports is shameful! That'd do the trick!! Cuzzin Ruth

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  2. Ellin Bliss Jaeger (North Shore '58)July 19, 2012 at 10:23 PM

    Congratulations on all the good news family events.
    Lucky me! I just happened to check the Blog, and here you are.
    Good for us!

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  3. Well, Ellen, you've been away too long, and the Baron has missed you. You may have some reading to catch up with. And Cuzzin' Ruthie--you've broken the record for the longest blog comment. Good for you; the more newsy, the better. Don't you have a ticket to the Olympic gymnastics or weightlifting?

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  4. congrats to Adam and his new bride. small weddings are the thing of the present, unless you can get vendors to donate their services. as for the rates of CD's these days, banks can't pay out much because they are to busy paying multimillion dollar saleries to CEO's all while making bad loans to people that can't afford to pay them back.

    we need to get over the "industry is to big to fail" mantra and let some fail, we have always done this(until recently) and it is the way capitalism works. the short term hurt will be outweighed by the long term gain.

    as to cuzzin Ruthie's comment about buying "made in the USA or UK" we can forget about that. companies mined the all mighty dollar(or british pound/euro) many moons ago, and shipped all the manufacturing jobs to places like china and india because they didn't have to pay a livable wage.

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  5. ruth.grimsley@virgin.netJuly 21, 2012 at 8:06 PM

    Ooh, hope I've not bored anyone to tears with my long comment, dear Baron - I was only trying to illustrate the effect of the recession on Chateau Grimsley! Cuzzin Jon - I KNOW what's happened, you DON'T need to tell me!!! All that needs to happen now is for sovereign countries to place heavy duties (called "tariffs") on imports, so that our native industries can compete on price. It's not rocket science: Britain did things that way in the 18th century.

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