MONEY: Insurance … the proper role

Wednesday, September 30, 2009

http://www.getrichslowly.org/blog/2009/09/23/renters-insurance-peace-of-mind-for-ten-bucks-a-month/

Renters Insurance: Peace of Mind for Ten Bucks a Month Print
Wednesday, 23rd September 2009 (by April) This article is about House and Home, InsuranceThis post is from GRS staff writer April Dykman.

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“We lost everything,” he says. Later they’d find out that it was arson. A former employee of the apartment complex stole rent checks and set the office on fire. Frank was moving into a new apartment in ten days, and the new complex agreed to let them move in early. “We moved in with a plastic bag of groceries, paid for with a $50 food voucher from the Red Cross,” he says. The other 70 displaced tenants stayed in Red Cross shelters.

*** end quote ***
This story may be of interest to the “preparing community”.
(1) Notice the lack of a bug out bag in the apartment AS WELL AS the lack of a bug out bag in the car. To be TOTALLY wiped out by a fire? Unthinkable.
(2) Renter’s insurance, and most insurance is cheap. I’m always amazed at all the Wall Street folks who died in 9/11 that had ZERO life insurance. It tells me that people are not thinking rationally about their “risk profile”. Consumers buy “appliance insurance” on a sub 500$ thing; can people even spell “self insurance”.
(3) On the topic of insurance, politicians want to mandate insurance companies to cover “maintenance” items. Like the previous “appliance insurance” discussion, it’s stupid. Like insuring your car’s oil change. Say it’s 50$ twice a year. The insurance company has to administrate the claims and make a profit. 100$ of oil changes probably would cost a $1,000! Sheer stupidity. Insurance should be for catastrophic things.
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SERVICE: Google Alerts become more usable

Wednesday, September 30, 2009

By using Google search with the site option, you can get your “favorite author” feed from sites that don’t directly support it.

Steps:

  • Get your Google search string the way you need it. Example: “Stossel site:wnd.com”
  • Get over to Google Alerts and set one up for email.
  • Save it.
  • Change the alert from email to feed.
  • Subscribe to it in Google Reader.
  • Enjoy

Pretty neat.

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GOVEROTRAGEOUS: Terps get screwed!

Tuesday, September 29, 2009

http://www.wired.com/dangerroom/2009/09/militarys-forgotten-terps-get-some-love/

Military’s Forgotten ‘Terps’ Get Some Love
    * By Nathan Hodge Email Author
    * September 22, 2009

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Foust and Hsia aren’t the first ones to take up the cause of the interpreters. Many Iraq and Afghanistan veterans have tried to help their interpreters — many of whom face death threats — get special immigrant visas. Writing last year in the New York Post, Marine Corps vet Owen West expressed his frustration with the maddening bureaucratic process. “As a Marine, I was taught never to leave a comrade-in-arms behind on the battlefield,” he wrote. “But that’s exactly what the State Department is doing to men and women who’ve sacrificed everything to help our troops – our Iraqi interpreters.”

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As usual, the gooferment figures out a way for is to screw some of our few friends.

I bet these “Terps” would be as good a citizen as any U of Maryland grad.

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MONEY: When the shoe drops

Tuesday, September 29, 2009

http://www.lewrockwell.com/rozeff/rozeff313.html
*** begin quote *** My bet is this. One fine day the bottom is going to drop out of the dollar. There will be a swift and sharp order of magnitude change. The recognition of the problems will reach a point at which it starts to go exponential, not just in terms of people being vaguely conscious that things are not right, but in terms of actually taking action to protect themselves. Foreign central banks may be reluctant to dump their dollar securities and think it better to liquidate them slowly so as not to drive prices down and break the market, but when they observe that others are running for the exits, they will run too.*** end quote ***
I agree that there will be a “run”. But it will look differently.
The Chinese are leading it NOW. The recent swap of Chinese held dollars for IMF gold, their “strategic reserve” acquisition program, and their stated “strategic rebalancing of their portfolio” is happening now.
Since there is nothing backing the US dollar, there is no “bank” to “run” on. So by definition, it will look differently than the Great Depression.
IMHO, (and I’m an injineer by education and know it all blogger by avocation), the “run” is happening now.
US borrowing is in trouble. I think we are seeing the FED quietly, carefully, and with malice aforethought manipulating with the assistance of the bailed out Wall Street firms manipulating the Treasury bond sales. They are selling debt at what appears to be record low levels. But by using shills, they are quietly buying it back from their accomplices on the street after the auction.
That’s why the FED coudn’t stand an audit as Ron Paul and others have asked for. It’s a Ponzi scheme.
So, what will the run look like?
Foreigners will exit the Treasury market. (Didn’t the Chinese students laugh at Geithner?) The dollar will tank against foreign currencies. Commodities rise in dollar terms, but not as much in other currencies. The world “readjusts” to a trading pattern that excludes or minimizes the US since everything will be much more expensive in dollars that no one wants.
Here at home, the fixed income people are screwed — the old, the retired, the elderly, the “savers”. The elite political class continues to spend other people’s money which is fast drying up. (Without access to foreign credit, all they can do is run the printing press.) Hyperinflation will destroy the dollar. As the welfare spending drops, there has to be riots in the inner cities. As the crisis expands, warfare spending has to drop. Eventually the government has to default on its debt. Unfunded liabilities like social security are defaulted on as well.
I hope that commodity money reemerges from the “return to barter” and the chaos of the “American default” like Zimbabwe. And, we can begin the long climb back up.
It’s going to be messy.fjohn


INTERESTING: Oh Donna!

Monday, September 28, 2009

http://www.impactlab.com/2009/09/29/lucy-in-the-sky-dies-at-age-46/

September 29th, 2009 at 11:01 am

‘Lucy In The Sky’ Dies At Age 46

*** begin quote ***

The woman who inspired the classic Beatles song Lucy In The Sky With Diamonds, has died at aged 46, a charity said today. The song featured on the ground-breaking 1967 album Sgt Pepper’s Lonely Hearts Club Band.

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This ranks right up there with Valen’s Donna!

http://wiki.answers.com/Q/Is_Donna_Ludwig_still_alive

Makes me sad!

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FUN: MP4B do something to redeem

Monday, September 28, 2009

http://www.boston.com/news/health/articles/2009/09/17/safe_at_home/

MA: GIs safe at home
Boston Globe

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“It was supposed to be a brief stop for the Red Sox to share the World Series trophy with wounded soldiers. But the team lingered at Walter Reed Army Medical Center for much of the afternoon, deeply moved by their conversations with amputees and veterans suffering from post traumatic stress disorder. Now that visit in February 2008 has turned into much more. The Boston Red Sox Foundation and Massachusetts General Hospital will announce today the launch of a $6 million program to treat the rising number of men and women returning from Iraq and Afghanistan with post-traumatic stress and traumatic brain injuries and to encourage reluctant veterans to seek services. The players hope to take a crucial role in trying to diminish the stigma many veterans feel about asking for help for a mental disorder. Pitcher Tim Wakefield has filmed the first of a series of planned public service announcements in which he implores veterans to get treatment.”

[editor’s note: Apologies to those who don’t think this is “news” … Someone doing something constructive for a change is good to hear; the fact that it’s my beloved Sawx is just a bonus! – SAT] (09/17/09)

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The fact that it is the hated Red Sox (just kidding) is even more infuriating.

Seriously.

I am always kvetching about MP4B (i.e., “Millionaires Playing For Billionaires”). So, in this case, I have to applaud.

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POLITICAL: Socialism defined

Monday, September 28, 2009

http://www.wnd.com/index.php?fa=PAGE.view&pageId=110291

Smack out of money
Posted: September 19, 2009 1:00 am Eastern
By Dan L. White

*** begin quote ***

Socialism is stealing by the government. It takes from one person and gives to another, and the government bureaucrats always take their cut out of the middle. If I go to your house and take your stuff and carry it back to my house, that’s called stealing. If the government does the same thing, it’s called compassion.

*** end quote ***

I always am amazed that I am robbed by the Federal Gooferment. They take their cut. Send it to the State Gooferment. They take their cut. And, send it to the County Gooferment. They take their cut. And, send it to the Municipal Gooferment. They take their cut and provide a service. A service I may not want, can’t use, or can’t afford.

And, I pay taxes to every level!

Argh!

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