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Redesigned blue stripe $100 bill enters circulation on October 8th

Posted by Andru Edwards Categories: Misc. Tech,

New blue $100 bill

The newly redesigned $100 bill is set to go into circulation in the US on October 8th, 2013, according to the Federal Reserve Board. The new bill note was first shown off back in 2010, with the design being focused on making the Benjamins more difficult to counterfeit, including a new blue 3D security ribbon and a Liberty Bell that disappears depending on how you hold the note. The new $100 bill was originally slated to go into circulation back in February 2011, but the 2 year and 8 month delay is due to an "unexpected production delay."

Read More | Federal Reserve

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Pain at the Gas Pump

Posted by George Regal Categories: Business, US Economy,

The real price of gas

This issue was displaced somewhat by the current economic news, but it is still near and dear to our hearts because we feel it everyday!  What’s behind it?  If you’re tuning into the cable news channels you’ve probably heard that it’s greedy oil companies, speculators (an upcoming topic), increased demand in India and China, or because we restrict drilling. Well, which is it?

As much as I hate to ruin a good myth, and this one is a gem, it’s none of the above.  Going back to my column on the Federal Reserve, we see that the FED lowered interest rates, and by keeping them there, money poured into the economy. Again, what happens when there are more dollars competing for the same number of (or, close to it) goods and services? Yep, prices rise.  Gas prices have risen drastically, because oil prices have risen drastically, because the Federal Reserve has increased the money supply drastically

Click to continue reading Pain at the Gas Pump


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