First up is the RollingStone’s Matt Taibbi take down of the New York Times’ Thomas Friedman, who likely has no clue how the average American citizen lives their daily lives. Friedman, likely the wealthiest journalist in the country, is an unabashed proponent of globalization that sees the world divided into two factions, those that like the trend towards the globalization of the world’s economy and those that don’t.
The problem for Friedman being the entire topic is far more complicated than simply painting the opponents of globalization as election year losers (think Bernie Sanders supporters and soon Trump’s). To understand where I’m going with this you must first read Taibbi’s piece because the price of globalization is inequality (income, political and other) along the decimation of the United States middle class. These built in inequalities drove the Brexit vote and no doubt plays a role in the thinking of both Trump and Sanders supporters, which I’m going to illustrate with a picture a reader sent me a while back:
Those that follow Slabbed’s twitter timeline have witnessed our coverage of the downsizing of the New Orleans RDS office, which I’m getting from a very well placed source. Shell has not exactly made a secret of what they are doing downsizing its New Orleans office but you can’t view what is happening now through the same lens used to examine previous oil patch bust layoffs. Here is an edited comment from Slabbed’s source on the current happenings in NOLA at RDS: Continue reading “Twofer Tuesday Business”
So how can you can still sell insurance in Louisiana after admitting to a felony? Simple, you use the company that was collecting graft as a front that’s what. Click the pic to nab the 5 page pdf.
One naturally wonders if the Whitmers are still making money from the Shadow Lake aka River Birch account despite copping a plea deal, ostensibly to testify against Team River Birch. Stan Marsh well explains…..
Folks we’ve covered the entire sad state of affairs at Louisiana Citizens Insurance, which adjusted its post Katrina claims in bad faith and has been trying avoid the consequences of such literally since the early days after the storm. The latest developments unfolded Monday with Becky Mowbray filing this short and not so sweet story that Citizens has exhausted its appellate remedies and the Plaintiff’s lawyers in the class action bad faith case could seize over $100MM from Citizens’ bank accounts. Sadly Louisiana Insurance Commish Jim “Jimbo the Clown” Donelon remains in denial and this is not good financially for the rate paying public in Louisiana as Ted Griggs at the Advocate explains:
Insurance Commissioner Jim Donelon vowed to continue the fight, while plaintiffs’ attorneys said it’s time for Citizens to pay policyholders.
“We will proceed immediately to complete the seizure and collect the judgment, and we will also move quickly to set the pending claims for hearing before the trial court,” attorney Fred Herman, who represents the policyholders, said in a news release…….
“Our lawyers are urging us to continue the appeal to the U.S. Supreme Court, and we have another state court initiative in mind, as well,” Donelon said.
What can I say folks except it looks like Jimbo the Clown is hipping up to blogging or in this case Vlogging. So without further adieu Jimbo has the following response to 2 news stories today involving the Louisiana Department of Insurance which can be found here and here.