A slow month for me as far as posting. All the latest news, like Genmar going CH 11, and SeaRay shutting down for 90 days; those stories are widely reported and I assume everyone has seen them. So much of the last 30 days’ boating headlines has been economically related, and we don’t need to keep repeating that story here. Meanwhile, I have been posting lots of iPhone pictures on my photo blog for Safe Sea – see them and follow along over at:
The Daily Breeze sample photo below
Last week, a subscriber and I were on the phone, and he sort of insinuated that I was out to get the insurance industry, or at the least that I use the insuracne industry as a wipping post here at Red Right Returning. I conceed nothing on that point, but the insurance companies are way up above us in the financial food chain (i.e. much of our income actually comes from insurance companies), and I think we should always view them with a critical eye; don’t forget, our gain is always their loss. They are not your friend, nor your competition, nor your employer. Sometimes, they might be your customer, but always, they see you as an expense.
Paul Krugman, Nobel Prize winner for economics, and columnist for the New York Times, did a little insurance industry bashing of his own today. [read it here] He begins his column by offering some advice to those in Congress who are working on Health Care Reform:
1) Don’t trust the insurance industry.
2) Don’t trust the insurance industry.
YIKES! and you think I”M tough on the insurance industry?
