Showing posts with label politics. Show all posts
Showing posts with label politics. Show all posts
Sunday, June 17, 2012
Oh, Too Bad ... It's Illegal
In my last post I proposed a life insurance scheme with which to bedevil our plutocratic overlords and make a little money on the side. I got a few comments to the effect of, "Good idea, let me know if you implement it," so I did some research to see what it would take to set it up, and found out that it won't work. It turns out that about 10 years ago people started noticing that companies were insuring their employees without telling them or giving their heirs any part of the payout. And then other people started doing pretty much what I'd hoped to do: buy insurance on people they'd never met and had no direct interest in (and often inflated the earnings figures on the policy in order to get larger coverage).
So, several associations of insurers started lobbying campaigns to get the state governments, who have jurisdiction and regulatory power over the insurance business, to pass new laws to prevent what they felt was a kind of fraud. The result is that since then, most of the states (including the state where I live and most of the surrounding states) have outlawed what they call STranger Originated Life Insurance (STOLI). Interestingly, the corporate behavior is still legal in most states, what they've outlawed is insuring someone whom you have no "direct financial or familial interest" in. So if the insured is your employee or your relative, even if they don't know you, it's OK as long as you don't sell the policy to someone in order to make money for the sale. But if the insured is a batshit-insane billionaire set on destroying the economy and society of America, and not related to you, forget it.d
Oh, well, back to the drawing board. Maybe I'll come up with something else that will work.
So, several associations of insurers started lobbying campaigns to get the state governments, who have jurisdiction and regulatory power over the insurance business, to pass new laws to prevent what they felt was a kind of fraud. The result is that since then, most of the states (including the state where I live and most of the surrounding states) have outlawed what they call STranger Originated Life Insurance (STOLI). Interestingly, the corporate behavior is still legal in most states, what they've outlawed is insuring someone whom you have no "direct financial or familial interest" in. So if the insured is your employee or your relative, even if they don't know you, it's OK as long as you don't sell the policy to someone in order to make money for the sale. But if the insured is a batshit-insane billionaire set on destroying the economy and society of America, and not related to you, forget it.d
Oh, well, back to the drawing board. Maybe I'll come up with something else that will work.
Friday, April 27, 2012
If You Want War, Prepare For War.
I realize it's been a long time since I posted an entry in this blog. There are a lot of reasons for the silence, and most of obstacles have gone away now so I was planning to start posting again in the next couple of weeks. This morning, however, I read this article on wired.com and I have to comment on it.
The gist of the article is that the US Air Force is deploying aircraft in the region around Iran with the ability to rapidly destroy Iran's anti-aircraft capability in order to allow either bombing of nuclear facilities identified as possibly involved in the nuclear weapons project that Washington alleges Iran to be working on, or, less probably (I hope), an invasion of Iran by US and Israeli forces.
The first thought I had was of deja vu: shades of 2003 and the preparations for invading Iraq while the US government lied to the US people and the world about the non-existent Iraqi nuclear and biological weapons programs. Now that the US military involvement in Iraq has finally ended, and the conventional military involvement in Afghanistan is scheduled to begin winding down, the US military is in danger of not having any wars except the drone wars the CIA and the Defense Department's Joint Special Operations Command are waging in Yemen (where the drone war has just been escalated), Pakistan, Afghanistan, and Somalia. So it's not surprising that they're hoping to start another one in Iran.
After the cut I'll talk about why this is an extremely bad idea, and why the American people should demand that it not happen.
Wednesday, August 17, 2011
Give Me That Old Time Politics (A Modest Proposal)
Unlike half the (semi-)civilized world I haven't yet posted anything in my blog about the political singularity1 in US politics that occurred a little while ago in the Great Deficit Debate2. That's mostly because I'm thoroughly disgusted by the sheer stupidity, cupidity, and general malfeasance our political "representatives" have shown. But I have a modest proposal that might prevent such disasters in the future, one I first came up with many years ago, in a simpler time, when the crimes of our masters were simpler and perhaps more easily dealt with (and I didn't think my proposal was entirely justified. Now I do). After the cut, I'll give you the grisly details.
1. Where "singularity'is defined as a change in technology or culture so great and so rapid that no one trying to forecast its effects beforehand can possibly do so. I think I can safely say that no one was crazy enough to predict as recently as a year ago the particularly insane and unnecessary game of "button, button, who's got the nuclear button" on the Republican side of the deficit debate countered by the response of "we win by caving in" that the Democrats and the President replied with.
2. It's clear to me that the deficit is in their intelligence, not in our budget.
1. Where "singularity'is defined as a change in technology or culture so great and so rapid that no one trying to forecast its effects beforehand can possibly do so. I think I can safely say that no one was crazy enough to predict as recently as a year ago the particularly insane and unnecessary game of "button, button, who's got the nuclear button" on the Republican side of the deficit debate countered by the response of "we win by caving in" that the Democrats and the President replied with.
2. It's clear to me that the deficit is in their intelligence, not in our budget.
Wednesday, June 25, 2008
Viva La Resistance!
I just sent an email to Senator Ron Wyden, D. Oregon, thanking him for attempting to stop the FISA bill, whose corporate immunity provisions are almost surely going to allow Bush, Cheney, and the rest of the gang that's currently raping and pillaging our way of life in the name of their own power and profit, to get out of the White House with all the swag they can carry and no chance of any sort of accounting.
If your Senator was one of the 15 who voted against cloture, send him or her an email, or a phone call, and let them know you appreciate what they did. If your Senator was one of the 80 who voted for cloture, to stop Senator Dodd's filibuster, let them know how despicable an act it was.
Follow the link above to Firedoglake, where the vote, and its significance to rescuing democracy from kleptocracy in the US is discussed in detail.
Voting against Cloture and for the Constitution:
If your Senator was one of the 15 who voted against cloture, send him or her an email, or a phone call, and let them know you appreciate what they did. If your Senator was one of the 80 who voted for cloture, to stop Senator Dodd's filibuster, let them know how despicable an act it was.
Follow the link above to Firedoglake, where the vote, and its significance to rescuing democracy from kleptocracy in the US is discussed in detail.
Voting against Cloture and for the Constitution:
Biden (D-DE)
Boxer (D-CA)
Brown (D-OH)
Cantwell (D-WA)
Dodd (D-CT)
Durbin (D-IL)
Feingold (D-WI)
Harkin (D-IA)
Kerry (D-MA)
Lautenberg (D-NJ)
Leahy (D-VT)
Menendez (D-NJ)
Sanders (I-VT)
Schumer (D-NY)
Wyden (D-OR)
Not Voting:
Senator Kennedy had a good excuse, he's seriously ill, but the rest of them? Byrd (D-WV)
Clinton (D-NY)
Kennedy (D-MA)
McCain (R-AZ)
Obama (D-IL)
Labels:
accountability,
panopticon,
politics,
the Bush years
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