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Showing posts from October 28, 2009

Clean power vs. fossil fuels

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The latest White House initiative to improve the electrical efficiency of the country's electrical transmission network came as a welcome relief to millions of American households. At least, the White House's move will boost additional energy to millions of American homes that are heavily dependent on the present electricity supplies that are powered by imported fossil fuel mostly coming from the Middle East. This time, it would be a different story because the federal government has committed to develop a "smart grid technology" that is intended to transmit electricity into the millions of consumers' homes using a reliable and much cleaner energy. Bloomberg cited in its report that the money for the project will be sourced out from the $787 billion economic stimulus package approved by Congress last February. White House officials said the grants, ranging from $400,000 to $200 million, are expected to create tens of thousands of jobs once the projects are fully

Macy's reward card makes wonders

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A couple of months back, I applied for a credit reward card with Macy's. However, the first credit limit given to me was only about dollars. Somehow, the Macy's card did help in some ways to add fire to my desire to buy products that I needed. However, it didn't take long enough for me to notice that there's something wrong with what I did. Then I asked myself: What I could I buy with such a limited amount of credit given to me? Well, the answer was understandable knowing that I was a first timer in the club of the company's card rewards system. When I asked the teller why I was only given a limited credit limit, she told me that's normal policy for newcomers who wished to build up their credit rating in the long run. However, I was told that should I repay my credit in due time, my credit limit would be increased to almost double the original amount. Until I make the first move, I wouldn't be able to build up the credit that I would have wished for. So the