CURRENT EVENTS

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 964
  • Views: 21K
  • Politics 



“… America’s economy is built on open competition and the ability of industry to set prices—except when it comes to insurance. Governments play a role in setting prices in local, regulated monopolies such as electricity and water. Among competitive industries, insurance is an outlier.

Soaring rates are piling pressure on politicians. And increasingly insurers, in both red states and blue states, are being told to cap prices.

… Since the start of 2020, state regulators have agreed to rate increases averaging 50% for home insurance and 42% for auto, far outstripping the 26% increase in consumer prices through August, S&P Global Market Intelligence and Labor Department data show.

Every state, bar Wyoming, requires insurers to file a notice of rate increases, according to the National Association of Insurance Commissioners.

Some go much further. Regulators have the power to reject requested increases in 11 states: Alabama, California, Hawaii, Mississippi, New Jersey, North Carolina, North Dakota (for increases of 5% or more), Pennsylvania, South Carolina (7% or more), Washington and West Virginia.


In Europe, by contrast, insurance is generally overseen by national regulators who focus on company solvency, rather than rates, as a way to keep markets competitive.

Insurers say the short-term popularity of price caps masks the long-term damage they can wreak.

“Price controls don’t lead to affordability,” said Tim Zawacki, an analyst at S&P Global. “Ultimately, they just chase insurers out of the market.” …”
 
Wild story:



The woman not only bore an uncanny resemblance to his grandmother, but also shared the same dates of birth and death.Over several months of amateur genealogical research, Lenkeit, 48, confirmed that Himmler had been his grandfather.

“I was completely shocked,” he told Der Spiegel, which first reported on the story. “Am I really that guy’s grandson?”

 

Even when the cars were driven in electric mode, the analysis found that levels of pollution were well above official estimates. The researchers said this was because electric motors were not strong enough to operate alone, with their engines burning fossil fuels for almost one-third of the distance travelled in electric mode.

...
The researchers calculated that the underestimate of PHEV emissions had let four major carmaker groups avoid more than €5bn (£4.3bn) in fines between 2021 and 2023, by making it artificially easier to comply with the EU’s fleet-average CO2 targets. They added that drivers of PHEVs would also be paying about €500 more a year in running costs than would be assumed under laboratory tests.

“The bold claims that manufacturers like to make about their plug-in hybrid vehicles are clearly way off the mark,” said Colin Walker, a transport analyst at the Energy and Climate Intelligence Unit.

“Consumers are being duped into believing that in buying a PHEV, they are helping the environment and saving money,” he said. “In reality, PHEVs are little better than regular petrol and diesel cars when it comes to the fuel they consume, the CO2 they produce and the money they cost to run.”
If you drive theses cars long distances I can believe it. But if you use them as daily commuter cars in the city, and charge them daily, then they are 100% electric vehicles.
 

They’ve long reached boy-who-cried-wolf territory. Trump so obviously wants the Nobel because of ego damage (that is, Obama) that he’s completely obscured any legit peace deals (are there any?) by flooding the airwaves with peace deals propaganda.
 


Same phrase he has repeatedly used to forgive Putin for invading Ukraine.

It would not be irrational to infer this that Trump is dangling a willingness to trade Taiwan security for a US trade deal with China.
 
Back
Top