MONEY: Insurance companies screw dead vets!

Monday, August 2, 2010

http://www.bloomberg.com/news/2010-07-28/fallen-soldiers-families-denied-cash-payout-as-life-insurers-boost-profit.html

Fallen Soldiers’ Families Denied Cash as Insurers Profit
By David Evans – Jul 28, 2010 10:00 AM EST

*** begin quote ***

Lohman, a public health nurse who helps special-needs children, says she had always believed that her son’s life insurance funds were in a bank insured by the FDIC. That money — like $28 billion in 1 million death-benefit accounts managed by insurers — wasn’t actually sitting in a bank.

It was being held in Prudential’s general corporate account, earning investment income for the insurer. Prudential paid survivors like Lohman 1 percent interest in 2008 on their Alliance Accounts, while it earned a 4.8 percent return on its corporate funds, according to regulatory filings.

“I’m shocked,” says Lohman, breaking into tears as she learns how the Alliance Account works. “It’s a betrayal. It saddens me as an American that a company would stoop so low as to make a profit on the death of a soldier. Is there anything lower than that?”

*** end quote ***

This is outrageous.

While it may be important to protect the grieving families from blowing their money all at once, screwing them is unacceptable.

Where’s the VA, DOD, the politicians and bureaucrats?

Where’s the VFW and American Legion?

If I was KING, (and I’m not; nor do I want to be), I’d require that the insurance company open 100k$ FDIC insured accounts for the beneficiaries.

Fraud is force. Theft is theft. Stealing form widows and orphans is really low.

A plague on all their houses. The karmic wheel should roll their way. May their “lawn” be full of crabs.

What’s the one about wildebeests and elderberry?

Argh!

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RANT: Let them eat cake

Monday, August 2, 2010

http://www.lewrockwell.com/blog/lewrw/archives/62674.html

The Clinton Crime Family’s Conspicuous Consumption
Posted by Lew Rockwell on July 31, 2010 10:30 AM

*** begin quote ***

Before we attend to the poor political judgment of such an extravagant affair during times of economic distress, let us wonder aloud where a poor boy who became governor of Arkansas and president of the United States got such a fortune that he can blow $3,000,000 on a wedding.

The American people did not take up a collection to reward him for his service to them. Where did the money come from? Who was he really serving during his eight years in office?

*** end quote ***

I think this emphasizes the difference between the political class and the working class.

Princess Diana won the hearts of the world by championing the land mine and other issues. She could have laid back in her antiseptic world and talked. But we saw her in hot ‘n’ dirty places, doing the heavy lifting of “using her celebrity”. You could almost hear her saying “You want my pic; here take it with these suffering people.” You could almost see her sweating as she visited with sick children. She dragged the world’s obsession with her into focus on the wretchedness of the victims. She may have been royalty, but she was “working class”.

Compare it to the “royal wedding” of the Clintons!

Sorry, but it doesn’t even come close. Where is the Clinton mystique used for the benefit of the people? Ever seen Chelsea anywhere?

So, sorry, it like Marie Antoinette.

And, like the French aristocracy, they too may someday visit with the Doc G!

They are certainly not enhancing their popularity with the working class.

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FUN: More stats from SSH poker machine

Monday, August 2, 2010

On 7/29 I beat the old lady 10,750 to 9,930 points.

On the spinner, I scores 2 threes, 3 fours, 2 fives, 1 fifteen, 2 twenty fives, and 2 fifties.

Have to add that to my probability data sheet. Trying to develop a probability table.

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On a side note, went to Keansburg, the poor man’s seaside heights, played a poker machine that paid on any pair. Beat her as well, but didn’t keep score, or track the machine. Probably won’t be there for another decade. Now that the Old Heidelberg has closed. Guess the old gent, who always worked the grill, died. He was old when we first went there. Must have owned it. SIgh, change is never for the good.

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ADMINISTRIVIA: TESTING

Monday, August 2, 2010

ECTO, my desktop Client for blogging, is unable to post to the free, and unequaled, wordpressdotcom!


TECHNOLOGY: Amex takes the risk, but User is left with the problem

Monday, August 2, 2010

http://news.cnet.com/2100-1017-245428.html

September 7, 2000 11:45 AM PDT
AmEx unveils “disposable” credit card numbers
By Stefanie Olsen Staff Writer, CNET News

*** begin quote ***

American Express today announced a new suite of online security and privacy products, the first of which is a “disposable” credit card number for its members.

As previously reported by CNET News.com, cardholders using the disposable credit card option will be able to log on to a secure Web site and receive a one-time-use credit card number to make purchases over the Internet.

The free service will be offered to small businesses and consumer cardholders within the next 30 days.

*** end quote ***

MISSED IT BY THAT MUCH!

Response (Shweta Shiv) 08/01/2010 02:46 PM

Dear Ferdinand J Reinke,

I’d like to inform you that American Express does not offer such a service at this time.

However, I assure you that we remain committed to protecting the privacy and security of all of our Cardmembers, both online and offline. We believe that our current security measures, including our sophisticated monitoring systems to detect unusual or fraudulent card activity, provide strong, ongoing protections for our Cardmembers. In addition, you are further safeguarded by our Online Fraud Protection Guarantee, which ensures that Cardmembers are not held liable for any fraudulent charges on their account.

With the Online Fraud Protection Guarantee, you will not be held responsible for any unauthorized online charges, and if someone uses your Card without your consent, you will not pay any part of the fraudulent online charges—not even the first $50.

We are committed to protecting the privacy and security of all of our Cardmembers, and we will continue to develop innovative ways to protect our customers.

Thank you for choosing American Express.

We truly value your association with you.

Sincerely,
Shweta Shiv
Email Servicing Team
American Express Interactive Services

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Sorry, but that’s what I could use!

Lost the use of one credit card from a recurrent charge that could not be killed, which I am STILL fighting about. I want ONE TIME USE credit card numbers. I don’t care that the issuers will indemnify the risk, they don’t have the clean up hassle.

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INTERESTING: The miracle of a biological

Monday, August 2, 2010

FROM A FRIEND’S FACEBOOK PAGE

*** begin quote ***

Rule number one at the beach: don’t feed he seagulls but sometimes rules are made to be broke for example : when the sea gull swoops down when u are not looking and grabs your hoagie out of your hand. If this happens do not throw said hoagie onto the sand bc a lot oc seagulls will converge around u lol gotta love the beach :)

*** end quote ***

As a fat old white guy injineer, I was always fascinated feeding seagulls off the Ocean Pier in AC. To create a “biological”, that can detect, track and catch a thrown piece of food high in the air, often on the rise, in competition with other biologicals, at almost random time – direction – speed – rotation, is amazing. There must be a “God”, or at least a “First Ingineer”. Thanks for the prompt to recall that.

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