Obama Executive Pay 2/4/09 February 4, 2009

President Barack Obama announced a cap on executive pay today, 2/4/08.

President Barack Obama on Wednesday imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money saying that Americans are upset about this situation.

"For top executives to award themselves these kinds of compensation packages in the midst of this economic crisis isn't just bad taste, it's a bad strategy, and I will not tolerate it as president," Obama said during a White House appearance."We're going to be demanding some restraint in exchange for federal aid , so that when firms seek new federal dollars, we won't find them up to the same old tricks."

In 2008, Wall Street paid out 18 billion in bonuses while businesses faltered. Some of the big banks paying out bonuses argue that these bonus money is paid for the right to keep top talent.

But really, where will they go?

Fidelity Layoffs February 2009 2/3/09

Fidelity Layoffs are said to be beginning this week and 1,700 are expected in total for the first quarter of 2009. As Wall Street continues to retest the October lows, there is no telling how bad the job market will get. Due out at 8:30am Friday, the Government will release the latest job loss data and unemployment figures which are expected to fall further.

Fidelity announced in the fall of 2008 that they will layoff 3,000 jobs. Of the 3,000 layoffs, 1,300 employees have already been let go as of November 2008. As stated above, this leaves 1,700 to go.

In order to stop the job losses we need to address where all this really started, the housing market. If we can get the housing market to stop going down, we will start to heal everything else. Banks will continue lending, jobs will be created, ect.

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Philadelphia Auto Show 1/31/09 2009

Today is January 31, 2009, and if you are located near Philadelphia, you might want to go check out the Auto Show at the Pennsylvania Convention Center.

Philadelphia Auto Show Hours: February 2009

Saturdays ( Jan 31, Feb 7 ) 9:00am -10:00pm
Sundays ( Feb 1, Feb 8 ) 9:00am - 6:00pm
Weekdays ( Feb 2, Feb 3, Feb 4, Feb 4, Feb 6 ) 12:00pm - 10:00pm

They will not let people in after 45 minutes till closing time.

Philadelphia Auto Show Location Address:

The Pennsylvania Convention Center
1101 Arch Street, Philadelphia 19107.

Philadelphia Auto Show Ticket Prices

Adults age 13 and over - $10 weekdays, $12 weekends ...or buy online
Children age 7-12 - $6.00
Children age 6 and under - FREE