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If you are over 60 years and own a motorcycle, you should buy motor insurance to cover yourself and your bike against any damage incurred. You can take advantage of the discounts offered to the senior citizen.

Factors required to get insurance discount

How much discount you are going to get on your motor insurance premiums depends on some factors. These are:

• Take a driving class: You can take advantage of the discount if you enroll yourself into a senior citizen’s driving class. Taking the course will make you a better driver and also help you to lower your insurance premiums.

• Low-mileage discount: If you drive less, there will be less risk of accidents and so you will get a discount on your insurance premium.

• Take safety measures: You should install safety features like alarm systems on your bike and keep it in a locked garage, so there will be minimum risk of theft and you will get discounts on  your insurance premiums.

• Become a member in organizations: You can take advantage of extra discounts if you are a member of organizations like, AARP (American Association of Retired Persons) or AAA (American Automobile Association). Most of the insurance companies have partnerships with these organizations, so you can have discounts on your premiums.

How to get cheap motor insurance

To get some discounts on your insurance premium, you need to follow the steps mentioned below:

• Compare quotes: You should shop around and compare different insurance quotes offered by various insurers and choose the one that is the best.

• Buy a low profile bike: Instead of buying a flashy bike, you should buy a low profile bike, so that you can save money on premiums.

• Drop collision/comprehensive coverage: If your bike is an old one, you do not need to buy insurance towards collision and comprehensive coverage.

• Pay high deductibles: If you pay high deductibles, you will get discount on your insurance premiums.

It is very important to buy  motor insurance to ensure your bike’s and your safety against any type of damage or accident. You should know the details of the coverage and select the one that suits you the best.

General Motors to Boost Production, Add Shifts

http://online.wsj.com/article/SB125366645338432585.html..

General Motors has announced plans to add shifts at three of its US plants. The move expected to restore 3,000 jobs is the beginning of a production ramp up planned by the company. Detroit based General Motors intends to raise its North American vehicle production next year by 45% to around 2.8 million cars and trucks. The move follows a record reduction in the company’s inventory levels following the government’s highly successful cash for clunkers program. The restored jobs include 2400 assembly jobs and another 600 at the company’s ancillary facilities. The planned increase is the first one by General Motors since automobile sales started to decline last year and augurs well for the global economic growth

Bernanke Says Economy Leveling Out

http://www.washingtonpost.com/wp-dyn/content/article/2009/08/21/AR2009082101273_2.html?nav=rss_business&sid=ST2009082101433

Federal Reserve Chairman Ben S Bernanke has said that the US and the global economy appear to be leveling out with prospects of growth in the near future good. The expected recovery is, however, likely to be very slow with unemployment levels declining gradually. The policymakers across the globe have responded quickly and taken remedial measures to curb the spread of the economic troubles and rectify the situation. Although the future appears bright, we should not become complacent about the continuing risks to the economy and stay alert, Fed officials have said. The announcement comes at a time when the Congress is considering an overhaul of the country’s financial regulatory system and discussing the role of the central bank. The government is also yet to take a decision on re-appointing Bernanke when he retires on January 31.

Clutter For Sale

http://news.yahoo.com/s/ap/20090828/ap_on_re_us/us_california_garage_sale;_ylt=AmTQgbtsSe8XAl_sJ7WyDbKyBhIF;_ylu=X3oDMTJxMzQ2MzczBGFzc2V0A2FwLzIwMDkwODI4L3VzX2NhbGlmb3JuaWFfZ2FyYWdlX3NhbGUEY3BvcwMxBHBvcwMzBHNlYwN5bl90b3Bfc3RvcnkEc2xrA2Z1bGxuYnNwc3Rvcg––

The California government is holding a giant two day garage sale to raise money for its depleted treasury. From cars to prison uniforms to dental chairs, everything is on sale. The government is struggling with its financial position; it had to hand out IOUs last month. Given such a scenario, whatever it can raise through this sale is welcome.
The Governor is hoping that this sale will contribute significantly to the state government’s coffers. The success or otherwise of this effort will be known in a couple of days. For the shopper, with the jingle of coins in his or her pocket, this is a great time to buy. Everything is on sale; cars, computers, and even dental chairs. This might be just the right place for the young dentist in making to get a fantastic deal on the dental chair for his or her clinic.

OPEC Output Rises, Raises Risk Of Price Fall

http://online.wsj.com/article/SB125001973200623493.html?mod=googlenews_wsj

The Organization of Petroleum Exporting Countries (OPEC) has continued to report increased output levels for the fourth consecutive month. The 11 member cartel which is bound by production quotas reported that its July output increased by 105,000 barrels a day taking the total increase since July to 420,000 barrels per day. The increased output comes despite the production cuts announced by the organization last year. Rising output levels have led to worries about a massive increase in inventories given the weak global demand. OPEC members are scheduled to meet in Vienna on September 9 to review its output policy. Global oil prices have surged to around $70 per barrel on increasing optimism about an economic recovery in the near future.

Fed’s Beige Report Says Lending Still Weak

http://www.forbes.com/2009/07/29/federal-reserve-beige-book-business-wall-street.html

Lending activity continues to remain weak in the US, despite the easing of the recession pressures, the Federal Reserve has mentioned in its Beige Report. The central bank’s periodic report on the state of the economy reveals that although the situation is not as bad as before, it is still not as good as it used to be. Overall lending remains weak as businesses continue to show reluctance to borrow in most of the regions. The weak lending levels are expected to result in weak bank profits forcing them to engage in other activities such as bond trading. However, gains from such activities are generally not sustainable. The manufacturing activity remains depressed and unless some recovery is seen in this segment, lending is unlikely to get a boost.