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Change habits from when cash earned zip

Call it the silver-lining effect. While the talking heads wring their hands over rising interest rates and the danger they present to life in the known universe, I have to confess a tingling sense of comfort.

I like the idea of earning something on my money.

The world, and perhaps the universe, seems a happier place.

Only two years ago, money market mutual funds weren't worth shooting.

Bank money market accounts were worse. Yields were well under 1 percent, and some accounts had no yield at all.

Today, the average money market account earns well over 4 percent. And yields are still rising.

Indeed, with the six-month Treasury bill now earning 5 percent, "idle cash" is coming up in the world.

This is particularly good news for retirees, because it's hard to pay the bills when stocks pay less than 2 percent, bonds pay under 4 percent and cash pays next to nothing.

SOCIETY 1: 'This Is The End' Video Posted Online - July 18, 2006

SOCIETY 1's video for the track "This is the End" has been posted online at this location. The clip was directed by Danny Rowe who has directed videos for SOCIETY 1 in the past as well as numerous commercials and independent films.

SOCIETY 1 frontman Matt "The Lord" Zane had this to say about the making of the video: "It was great to film this on location instead of being in a studio for two days. The basement of this industrial building we were in was very dark and had a sinister feeling to it. Of course, this lent itself to the overall theme of someone's death which the video is basically about. I kept thinking about people that didn't know we were shooting a video that saw us might of thought it was a high-budget snuff film."

"This is the End" is the first single from SOCIETY 1's first Crash Music release, "The Years of Spiritual Dissent", due on July 25.

Northwest Airlines 2Q loss widens

EAGAN, Minn. (AP) - Northwest Airlines Corp., which has been operating under bankruptcy protection, posted a wider second-quarter loss Monday as its restructuring costs mount. But its executives pointed to promising developments in their plans to cut labor and pension costs.

After paying dividends on preferred stock, losses totaled $285 million US, or $3.27 per share, for the three months ended June 30. That compared with losses of $234 million, or $2.69 per share, in the prior-year quarter.

Excluding the cost of restructuring and other one-time items, Northwest, the fifth-largest U.S. airline, said it earned $179 million versus a loss of $288 million last year.

Revenue edged higher to $3.29 billion from $3.2 billion in the prior-year period.

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