Insurance Society

As a society culture, whatever you want to call it we are an insurance assured society. Not because you have insurance to live, but if you want that nice feeling inside then you better get insurance. Insurance protects you from dumb ass drivers (That includes yourself) and from most medical conditions if its not one of those pre-existing condition (A pre-existing condition is a health problem that existed before you apply for a health insurance policy or enroll in a new health plan. About.com). Basically means despite a 2000 dollar premium they can screw you out of life necessary services if they decide you where fucked up before you bought insurance. I'm sure the idea started to keep people away from purchasing insurance after they determined they where sick, but it has been extended to the point that some families can never be covered which is fucked up.

But I have an idea (Voice from the wire: "O shit Randy has an Idea!")Currently in the state or country of Texas it is required to have vehicle insurance if you have car. You are allowed to have just liability which is the cheapest and covers property damages of others if you fuck it up with your current car. That is completely a reasonable requirement, even though it is at the very least $39 dollars a month depending on your covered vehicle. If you drive a motorcycle, liability is only $110 a year. Since it is likely you cant damage to much property just yourself. As an owner of a vehicle it is likely you would want full coverage which is also required if your car is currently financed by someone. That mostly runs anywhere between 70 a month to 100's depending on the car. Their are approximately 20 million cars on the road in Texas, 16 million of them having at least liability insurance according to (Texassure.com)The program rolled out by the state of Texas after legislative action, that established a state database of all Texas insurance policies. At the very least that is 7.6 Billion dollars a year for the various insurance companies. I calculated that by assuming 16 million people have at least $40 dollar per month insurane. 40 X 12 months = 480 x 16,000,000 = 7,680,000,000. Thats not even including the million or so drives who have full coverage that would bring that insurance income to over 10 billion dollars. Now that is a heavy income even if they have to pay out 3 billion dollars a year in claims in which I imagine is an over estimation.

Don't lose me now the estimated population of the country of Texas is estimated to be 24,782,302 as of 2009(US Census), and growing due to the economy. If the Insurance companies could come up with reasonable rates and plans their growth could be exponential especially due to the law of averages (“If the probability of a given outcome to an event is P and the event is repeated N times, then the larger N becomes, so the likelihood increases that the closer, in proportion, will be the occurrence of the given outcome to N*P.” Probability theory) which car companies dont believe in, but thats a whole other thought. The more people you have the cheaper a service should become since investment per capita goes down in price is the law of averages. For argument sake lets say insurance companies offer two type of insurance plans. Full coverage for the middle class and rich that cover everything but probably starts at 4,000 for a family of 3. Also a basic coverage which prohibits cosmetic bullshit and annual dental and bi-annual eye exams. Lets be honest, an eye exam cost as little as 100 as a walk in. Their have been plenty of people who have never gotten their teeth checked in the last year. TO be honest braces are a luxury and not a necessity. back to the main point of this paragraph, the cost of coverage that would include an annual doctor visit and physical and ER care for bad shit that could happen could cost 60 bucks a month. Less than the price of cable which is even less of a necessity. If every Texas resident had basic insurance it would equal to 17,843,257,440. Yeah Trillion of dollars count that up. ($60 x 12 Months = $720 x 24,782,302people = 17.8 billion dollars). And thats basic insurance profits, no one can tell me that wouldn't cover the cost of coverage and leave billions for profit. Just a thought based in reasoning, the Truth. All to give you that comfortable feeling inside, doesn't that make you feel good :(

Loyalty begets Loyalty

Lane Kiffin and the University of Tennessee are perfect for each other. If your a sports fan then in the last couple days you might have heard about a coach with a losing record bolting from University of Tennessee to accept the head coaching job at USC. all the talking heads are rambling crying bitching about how fucked up it is that he would leave after one year to accept a job at a better, smaller and private institution. Hmmm I have some thoughts, FUCK YOU TENNESSEE and FUCK YOU NCAA.

1. I cant find the article now well in fact im just not looking but if you can recall, the university of Tennessee last year ran out their long term coach because he couldn't beat Florida. Though Fullmer won a championship as the coach of Tennessee the year after Peyton Manning went pro with Tee Martin.

2. When signing the controversial Kiffin the school decided that since they spent millions of dollar on his contract it left a budget shortfall, so as every school should do who needs to 0 balance budget they had to cut back. This public university decided the place that needed cut backs was heating for their classrooms. Good call asshole administration, thats a focus on education.

3. NCAA makes Billions, yes billions off of athletes in the big sports of football and basketball. Don't believe this shit that they have a 4 year scholarship, or they are getting an education. Thats a bunch of bullshit, for one their is no such thing as a 4 year scholarships, all athletic scholarships are year to year and can be taken away for any reason. And if you saw the OTL report from ESPN, which is conspicuously missing from the ESPN website now. NCAA uses the likeness of their student/athletes to make private companies money, like EA sports.


4. NCAA has come down forever punishing athletes for taking money or breaking any of the mundane rules. But never punishes coaches, only educational institutions for coaches indiscretions. Why the hell should college coaches be the highest paid public employee in any state. Thats just dumb as shit, so fuck you NCAA you created this monster deal with it.

5. its a clear example that NCAA is set up much like the justice system, punishing the junkies while making tons of fucking money off of them. And if you don't get what I mean, just ask. Loyalty begets Loyalty, why the hell should coaches be loyal to disloyal institutions?

Hate is the new Love

Ive been writing since October off line, and now for some reason I feel like I should post it. My inspiration is the same greats as everyone but lately its listening to Mouse, 5'9", Joell, Slug, Murs & Stat Quo. Yeah a bunch of scholars yall aint probably never heard of.

But's I could give a fuck less,
what you expect my music taste to be.
What I listen to is for me dont like it leave
making statements to please or seem.
Your a lot different then you are
The car doesn't make the man
it just cost G's
what does that mean except I can see what your spending
I remember the phase that had rims spinning
for no reason just to show money to waste
most of it bought on credit
niggas still paying off what they thought was player
that makes johns or just a bad play.
Hate is the new Love is what joe says
so fuck it Ill embrace the hate or make a move to evade
I have something to say,
but it always comes off the wrong way

Bear Stearns, who the hell are you

Bear Stearns investors cried and cried and finally was able to convince JP Morgan to revise their offer from $2 per share to $10 per share. CNBC reports

"JPMorgan has raised its much-scrutinized bid for Bear Stearns to $10 a share in an effort to appease shareholders unhappy with the fire-sale price set in the deal last week. But its efforts may not be enough." CNBC

The crazy part, investors are crying like it is there right to be fully compensated for investing in a company that has no liquidity to any of their assets. Just the name of Bear Stearns.

"major shareholders including British entrepreneur Joseph Lewis are apparently preparing to challenge the new deal, which hands JP Morgan 39.5 percent of Bear Stearns stock and gives them a virtual lock on getting a majority of shareholders on board to approve the deal. Lewis' position is that if JP Morgan is on the hook for Bear's liabilities under the old deal, shareholders could reject it, and JP Morgan would be forced to raise the bid to more than $10 bucks a share, sources close to major shareholders said." CNBC

I understand that I may, scratch that, I am out of line for saying this to the share holders of Bear Stearns. I would like to cordially say Fuck You, how could you reject money to keep the company afloat. Without JP Morgan, the board is worth nothing. With JP Morgans original bid at least you received 2 million dollars back Mr. Lewis a fraction of your investment, with the revised deal you will receive 10million dollars in JP Morgan Stock for your floundering investment. Hey You win some you lose some. Their investors are only talking shit and whining because they know that the fed bailed them out, they should take what they can and shut up.

Once again this entire arrangement proves the power and liability of words.
"Bear Stearns employees are angry with Jamie Dimon, JPMorgan's chief executive, because he stated at an internal meeting that he would not increase the orignal $2 per share bid. Because of this, many Bear employees sold stock at the then-market price of roughly $6. Legal action is a possible avenue.CNBC"

I understand that in normal cases a lawsuit would be warrented. This is anything but normal, to the people that sold it at 2 dollars. Are you stupid? JP Morgan was going to compensate you with their stock in exchange for yours. If you wanted to go ahead and sell your bear stearns stock on the open market, then that is your fault. It is assumed that JP Morgans value will go up with a federally insured loan. Now that the FED invested 30 BILLION, there is no way they are going to let JP Morgan fell. In summarry Bear Stearns Stock Crashed, JP Morgan offered $2 dollars a share in compensation. The inpatient idiots who already lost a shitload of money liquadated their $2 shares, after the Fed announced their loan. In my opionion which doesnt mean much, I dont think they have anyone to blame.