I managed to get into some things this weekend, and a few of them might even be of interest to you.
First of all, my wife needed to get some grading done on Saturday if I was going to get to do anything on Sunday, so I took my two-year-old, Sawyer, on the road Sat. morning. We made our second visit to Altamont United Methodist’s breakfast event in the last two weeks.
Like the Treasuries themselves, the Treasury Direct system comes in three parts:
To buy a Treasury, you authorize the federal government to debit your bank account on the same day that the Treasury bill, note or bond is issued. This means you can skip that trip to the bank to get a cashier’s or a certified check, necessary in the pa st to pay for T-bills.
If you want to buy the safest investment, whose income is guaranteed by the U.S. government, you want to buy Treasury bills, notes or bonds.
In order to cover the gap between what the government takes in and what it spends, Uncle Sam has to raise money. One way it does so is by selling securities: Treasury bills, notes and bonds. That means when you buy a Treasury, you are actually loaning money to the government and the government in turn is paying you interest on the borrowed money.
That’s partly why Ron Paulson, Grainger’s general manager of product information, began shopping for an expensive set of back-end applications to begin rebuilding a much faster, bigger, cheaper, and interactive version of the Grainger catalog on the Web. In 1998, he found a compatible partner in San Ramon, Calif.-based OnDisplay, one of a fast-growing breed of so-called online content managers that help ebusinesses automatically deliver, update, and personalize Web content to help drive transactions.