Monday, November 26, 2007

Retirement... Is It A Reality For Generation X?








According to a recent survey conducted by the Oppenheimer Funds, the following eye-opening findings were discovered about the American worker:

  • 62% say they live paycheck to paycheck.

  • 56% have an outstanding credit-card balance of $3,000 or more.

  • 62% of women say they have not bought any investment products ever.

  • 45% of women would buy 30 pairs of shoes before saving $30,000 in retirement assets.

  • 65% of women and 48% of men said they do not know how a mutual fund works.

  • Nearly 65% did not know that when interest rates go up bond prices typically go down.

  • 38% of women have not started saving for retirement.


Such statistics may seem appalling, but they are a reality for most, especially the student loan debt laden members of Generation X. Add to the equation regular credit card debt, the cost of home ownership, the ever increasing cost of health care, and all of the other financial surprises life tends to send our way, it is easy to see how the findings noted above are truly reality.

How can we improve our outlook for a secure financial future? I believe the process begins with education and the willingness to begin taking action now. While it is true that there are no guarantees in life, I do believe we have the ability to determine our own financial destinies. The key is to just begin. Start today by enrolling in your company's retirement plan or by opening a savings account.

Even the greatest journey begins with one step. Take that step today, so we can make positive change for our financial futures.

Sunday, October 7, 2007

Real Men of Genius -- Philadelphia Sports Fan

Yet another great Philadelphia Sports Fan video...




Truthfully... haven't we earned the right to boo everything? I mean really, if our sports teams gave us something to cheer about, we would... but we get the 1-3 Philadelphia Eagles, the swept in the NLDS Philadelphia Phillies, the worst team in the NHL in 2006-2007 season Philadelphia Flyers, and the "let's trade away our best player (Allen Iverson)" and still suck Philadelphia 76'ers. Madness! This is why we boo everything, including Santa Claus.

The Life of a Philadelphia Sports Fan

This video tells the story perfectly...

The World In Only 7 Pictures




Have you ever wanted to try to sum up the world in a few photos? Think you could do it in only seven (7) pictures? Well someone has tried... and I think they did a great job. Check out this "The World In Only 7 Photos" site and let me know what you think.

Health Update For Philadelphia Eagles Fans

I am a huge Philadelphia Eagles fan... and I was one of the fans who truly thought that the Eagles would win the NFC East and was a lock to make the play-offs this year. Unfortunately at the week 5 bye week, my beloved birds are a unspectacular 1-3 (0-2 in the division with losses to both the Washington Redskins and the NY Giants). Brutal to say the least.

Now I am not one to hit someone when they are down (or on a bye week for that matter), but I think this particular news release is serious enough to warrant publication.

Important Safety Bulletin

The American Medical Association has announced a new national symbol for choking. Please inform all of the people in your safety department.


OLD SYMBOL



NEW SYMBOL


Sunday, September 16, 2007

My "3:10 to Yuma" Movie Review


As many of my close friends and family know, I am a huge movie buff. That's why when I was offered an opportunity to write a movie review for my local newspaper (The Reporter), I jumped at the chance.

The movie I recently reviewed was "3:10 to Yuma," starring Russell Crowe & Christian Bale. You can see my complete review here.

If you like my review, please let me know. Also, if you saw the movie, let me know what you thought about the film.

Tuesday, September 4, 2007

The State of Pennsylvania Bridges



Since the deadly Minnesota bridge collapse of I-35W back on August 1, 2007, which I wrote about here on my blog, I have been on a mission to find more information on the condition of the 25,000 state-owned bridges in Pennsylvania. What I have found out is disturbing and scary to say the least.

According to a Pennsylvania Department of Transportation (PennDOT) report on PA Bridges, Pennsylvania has the largest number of structurally deficient bridges in the nation – nearly 6,000 statewide. A structurally deficient bridge is defined as being safe, but in need of costly repairs or replacement to bring it up to current standards.

PennDOT does have in place what is calls an “aggressive” bridge inspection program that calls for regular inspections of all Pennsylvania bridges at least once every two years, with structurally deficient bridges being inspected more frequently if their condition warrants.

Does this inspection program make you feel safe while driving over a local bridge? I know that I personally say a prayer every time I cross a bridge in Pennsylvania now. Maybe it is because of the horrifying images I saw from the Minnesota bridge collapse that is causing my fear. However, when you look at the numbers, my fear may be justified.

According to the Philadelphia Inquirer, Bridge inspectors give each bridge a “sufficiency rating” rating on a 0-to-100 scale, using a formula that evaluates safety, serviceability, and how essential the bridge is. And they assign a condition rating for each of its three primary components (deck, superstructure and substructure) on a 0-to-9 scale (0 = failed [out of service and beyond corrective action], 1 = closed, 2 = critical, 3 = serious, 4 = poor, 5 = fair, 6 = satisfactory, and 7, 8, or 9 = good). A structurally deficient bridge is one for which the deck, superstructure or the substructures are rated in condition of 4 or less.

Minnesota’s I-35W bridge had a sufficiency rating of 50, a deck score of 5 (‘fair”), a superstructure score of 4 (“poor”), and a substructure score of 6 (“satisfactory”), as of the last Minnesota Department of Transportation (Mn/DOT) Bridge Inspection Report dated 06-15-2006. To date, the cause of this bridge collapse is still unknown.

According to the research conducted by Paul Nussbaum, Transportation Reporter for the Philadelphia Inquirer, the eight-county Philadelphia region has 57 bridges that carry at least 25,000 vehicles daily and have ratings at least as low as the Minnesota I-35W bridge. Additional disturbing, yet eye-opening findings from Paul’s research include:


  • The worst local bridge, according to sufficiency and condition ratings, is the DeKalb Pike Bridge located in Bridgeport, PA. This bridge scores a sufficiency rating of 3 out of 100, a substructure rating of 2 (critical), and a superstructure and deck rating of 4 (poor) respectively. This bridge carries U.S. 202 over the Norfolk Southern railroad tracks and remains open without weight limitations.


  • I-95 has more deficient bridges than any other highway in the region at 15. The Pennsylvania Turnpike has 7 bridges rated deficient and the Schuylkill Expressway has one bridge rated deficient.


  • Of the major Delaware River bridges in the region, only the Burlington-Bristol Bridge is rated structurally deficient.



For an interactive map of the bridges in the worst condition in the Philadelphia region, check out this tool provided by The Philadelphia Inquirer.

Despite the engineering reports and the independent research that highlights the dire condition of Pennsylvania bridges, state officials continue to assert that the bridges remain safe. But Minnesota officials thought the same thing about the I-35W Bridge before it collapsed into the murky Mississippi River. And that bridge was rated significantly higher across the board that most of Pennsylvania’s bridges.

Pennsylvania has at least acknowledged the troubled state of its transportation infrastructure. According to PennDOT, Pennsylvania has made significant investments to improve bridge and highway infrastructure in the state. Last year alone, PennDOT invested $558 million in 894 bridge projects statewide, with $425 million of this budget being devoted to the rehabilitation and replacement of structurally deficient bridges.

Clearly, Pennsylvania has taken a step in the right direction, to ensure the safety of our bridges. But because the state currently has such a large amount of structurally deficient bridges, it will take decades to complete them all. This means that, in the interim, we must take our chances driving over the nation’s worst bridges daily. Comforting isn’t it?

Let me know what you think of the state of Pennsylvania’s bridges by leaving me a comment.