| Recap of Saturday, January 12
The election will have a big impact on how the White House treats certain sectors, as well at how it treats taxes (including corporate taxes). Tobin Smith: Its not helping…but the killer is the REAL unemployment rate which is REALLY about 5.5 percent and going to 6.5 percent because we are in a recession. Yes ChangeWave Research is now forecasting that we are in a stalled economy that goes to negative 1 percent growth in Q2 and Q3. We are moving from correction to bear market unless the FED goes ½ point cut pre-meeting and ½ point at meeting. But we are in a consumer led recession and it's going to be a real recession. So get ready for 3 percent Fed Funds rates by summer…. .
Who Pays for Storm Damage?
Apartment owner Karl Matsumoto said he's not responsible. "It's an act of God, that's what they told me. That's what I got from the insurance company."
He may have a valid point, according to Allstate insurance spokeswoman Patti Kelly. She said, "If they (the Wytches) don't have insurance, that's a situation they're going to have to look at and it may come out of their own pocket ultimately."
Kelly added, "We recommend that car owners maintain car insurance. When we have this type of storm damage it's covered under the comprehensive portion of their insurance which only costs an average of $14 a month."
Comprehensive coverage also covers broken windshields and vandalism. "This is the no-fault part of your insurance," said Kelly. "When someone files a claim to recover the costs of the damage under their comprehensive insurance, it doesn't make their premiums go up."
The ownership of the tree complicates matters.
Cameron: Rock rescue bid dodgy deal
Tory leader David Cameron has slammed the Government's rescue plan for Northern Rock as a "dodgy deal". In ferocious Commons question time exchanges, Mr Cameron said "This is a sub-prime deal from a sub-Prime Minister." And he attacked Gordon Brown for flying to China with one of the principal bidders for Northern Rock (NR), Sir Richard Branson. The Prime Minister hit back, accusing the Opposition leader of "opportunism" and putting at risk the stability of the economy. He said he had no apology to make for travelling with Sir Richard, insisting: "It's not bad judgment to take British businessmen and women to win orders for British exporters." Mr Cameron said taxpayers had a right to know what their total exposure was under the Government's plans for the bank.
|
