Bernanke Raises Rates

The new Chairman of the Federal Reserve held his first meeting today. And just as investors suspected, he raised interest rates, picking right up where his predecessor (Greenspan) left off. And there are references of more increases to come. With a .25% raise (bringing rates to 4.75%), bond and stock prices declined, reflecting the certainty of additional raises. On the other side of the world, scientists are preparing for what may turn into the the world's first real eclipse witnessed in a virtual world. Early Wednesday morning, a total solar eclipse will be visible from places like Side, Turkey and South America. But don't worry - now you can watch the eclipse from the comfort of your home. Scientists are taking great measures to broadcast the solar eclipse live. Click on the picture for details of how to view the eclipse at your desk! DJIA: -95.57 Nasdaq: -11.12 S&P 500: -8.38