The third quarter experienced the largest quarter-over-quarter gain since 2011 at 9.2%, MIB said, driven primarily by 12.8% growth in 0-44 age group and 9.2% growth in 45-59 age group.
Young People Driving Huge Life Insurance Application Gains: MIB — https://insurancenewsnet.com/innarticle/young-people-driving-huge-life-insurance-application-gains-mib-says?utm_source=feedly&utm_medium=rss&utm_campaign=young-people-driving-huge-life-insurance-application-gains-mib-says#.X4DaDnV7nhc
Economy
OD Deaths Involving Cocaine On The Rise
The rate of drug overdose deaths involving cocaine was stable between 2009 and 2013, then nearly tripled from 1.6 per 100,000 in 2013 to 4.5 in 2018.
NCHS Data Brief No. 384, October 2020 — https://www.cdc.gov/nchs/products/databriefs/db384.htm

Memo to all of my friends in the mortality risk business:
With so much attention being paid to Covid-19 it’s easy to forget people die from other causes. Don’t forget this.
The Beginning of the End
Airlines want more from the government printing press.

American Airlines was also the airline that blew, incinerated, wasted, and trashed more than any other airline on share buybacks. Buybacks ceased in the second quarter, but from 2013 through Q1 2020, American Airlines incinerated $13.1 billion in cash on share buybacks. That cash would now come in very handy. 2013 was also the year Mr. Parker became CEO of American Airlines. Delta blew, wasted, and incinerated $11.7 billion in cash on share buybacks over the period; Southwest Airlines, $10.9 billion (starting in 2012); and United $8.9 billion. In total, the big four airlines blew, wasted, and incinerated $44.6 billion in cash on share buybacks from 2012 through Q1 2020, and now the airlines want an additional $25 billion bailout, for a total of $50 billion, much of it in forms of grants, from taxpayers (data via YCharts)
Facing Crappiest Recovery Ever, Airlines Demand New $25-Billion Bailout, for $50 Billion Total, after Having Burned $45 Billion on Share Buybacks — https://wolfstreet.com/2020/09/28/facing-crappiest-recovery-ever-airlines-demand-new-25-billion-bailout-for-50-billion-total-after-having-burned-45-billion-on-share-buybacks/
Just. Say. NO.
Quote for Today – 09.19.20
Higher education committed suicide with its dual racketeering model. First was the college loan racket, in which schools colluded with the federal government to jam too many “customers” through the pipeline who didn’t belong there, and who buried themselves under a lifetime debt obligation they could never escape. The second was the intellectual racket of creating sham fields of study that contaminated all the other “humanities” with poisonous bullshit theory, and eventually even invaded the STEM disciplines. Covid-19 screwed the pooch on all that, scotching the four-year party-hearty in-residence part of the deal. For now, who needs an online class in Contemporary Sexual Transgression ($2000-a-credit) when you can just click on Porn-hub for free? Hundreds of colleges and universities will be going out of business in the years ahead.
James Howard Kunstler — https://kunstler.com/clusterfuck-nation/things-going-by/#more-‘
Quote for Today – 09.16.20
We do not, as these numbers show, live in one economy. We are a tale of too many economies. There are no one-size fits all solutions, though several trillion dollars more of spending surely will benefit everyone. No part of the country is unaffected by the past months, but some parts are devastated and others merely dented. A sense that we are actually all in this together would dictate that we only thrive when most of us thrive, but that sense was not prevalent enough before this crisis for it to be demonstrable during. Instead, our many economies are making collective stories impossible and added to the sense of fracture that the presidential election and pandemic are magnifying.
America is a Tale of Fractured Economic Realities and That’s Stopping Us From Fixing this Crisis — By Zachary Karabell September 15, 2020 1:30 PM EDT — https://time.com/5888267/america-fractured-economic-realities/
29 Million Americans Don’t Have Enough to Eat
According to a new report commissioned by the Food Research and Action Center (FRAC), as of July, the number of people who said they sometimes or often did not have enough to eat has skyrocketed to 29 million, or 11 percent of adults in the United States. (By comparison, 8 million adults, or around 4 percent, did not have enough to eat in 2018.) In 38 states and Washington, D.C., more than one in ten adults with children had inadequate amounts of food, with the highest rates of hunger in Mississippi, Louisiana, and Texas…
Now, new data from the Census Bureau, referenced in the report, shows that even America’s middle class is now reckoning with hunger. Two years ago, only 3 percent of adults earning between $50,000 and $75,000 a year said they did not have enough to eat; during the pandemic, that rose to 8 percent. Similarly, 5 percent of adults earning between $35,000 and $50,000 reported that hunger in 2018; now, it is 12 percent.
https://thecounter.org/covid-19-hunger-food-insecurity-crisis-america/
Spain – a Squatter’s Paradise
For many people, squatting is a desperate last resort, while for some it is a lifestyle choice or a political statement. Barcelona, which is ground zero of Spain’s squatting phenomenon, attracts squatters from all over Europe. In recent years, more and more young locals — including many with jobs — who have been priced out of the rental market or who simply don’t want to pay the inflated rents have also turned to squatting.
https://wolfstreet.com/2020/09/12/how-spain-became-a-squatters-paradise/
If you live in a part of the world that is blessed with a year round moderate climate this phenomenon is coming to your town.
Meanwhile in Argentina…
In Argentina, they have gone beyond just squatting. Lands with no buildings on them are being occupied, houses build on them and people moves there, sometimes in just a few weeks. Once the illegal houses are occupied getting the people out and the houses destroyed is not easy. That already was a problem before quarantine but during quarantine? It has got a lot worse. And of course there is squatting too.
Reader comment on the arttcle
A majority of young adults in the U.S. live with their parents for the first time since the Great Depression
In July, 52% of young adults resided with one or both of their parents, up from 47% in February, according to a new Pew Research Center analysis of monthly Census Bureau data. The number living with parents grew to 26.6 million, an increase of 2.6 million from February. The number and share of young adults living with their parents grew across the board for all major racial and ethnic groups, men and women, and metropolitan and rural residents, as well as in all four main census regions. Growth was sharpest for the youngest adults (ages 18 to 24) and for White young adults.
A majority of young adults in the U.S. live with their parents for the first time since the Great Depression — https://pewrsr.ch/351SVs1

And to think the number of young people living with their parents was based upon data from July. This percentage will go higher since a lot of kids are moving back home from college earlier than expected.
The problem with college during the coronavirus pandemic is not just what’s happening on campuses and in college towns. It’s also that colleges may end up spreading the virus to dozens of other communities. In recent weeks, as students have returned to campus, thousands have become infected. And some colleges have responded by sending students home, including those known to have the virus.
Last week, after hundreds of students came down with the virus, the State University of New York at Oneonta ended in-person classes and sent students home. Colorado College, North Carolina State, James Madison (in Virginia) and Chico State (in California) have taken similar steps. At Illinois State, Georgia Tech and the University of Georgia, administrators have encouraged some students who have tested positive to leave campus, so they don’t infect other students, and return home.
These decisions to scatter students — rather than quarantine them on campus — have led to widespread criticism. “It’s the worst thing you could do,” Dr. Anthony Fauci, the federal government’s leading infectious-disease expert, said on NBC. “When you send them home, particularly when you’re dealing with a university where people come from multiple different locations, you could be seeding the different places with infection.” – Zach Morin, a University of Georgia student, told WXIA, a local television station, “Once it is open and people are there and spreading it, it doesn’t make sense to send it across the nation.” Susan Dynarski, a University of Michigan economist, wrote on Twitter that “unloading students onto home communities” was “deeply unethical.”
There are no easy answers for colleges, because creating on-campus quarantines brings its own challenges. At the University of North Carolina in Chapel Hill, one student who tested positive — Brianna Hayes — said that no employee checked on her during her week in isolation. “Feverish and exhausted from the virus, she made four trips up and down staircases to move her bedding and other belongings to her isolation room,” The Times’s Natasha Singer writes, in a story about campus quarantines.
Still, many experts say that the colleges that chose to reopen their campuses despite the risks, often for financial reasons, have a moral responsibility to do better. “Universities are not taking responsibility for the risks they are creating,” Sarah Cobey, an epidemiologist at the University of Chicago, said.
Last spring, the meatpacking industry became a vector for spreading the disease, when it quickly reopened and caused hundreds of new infections. This fall, higher education may end up being a similar vector.
David Leonhardt – The New York Times The Morning newsletter email 09.09.20
Clusterfuck.
What is the ideal age to retire? Never, according to a neuroscientist — ideas.ted.com
If you want to live a satisfying, long life, neuroscientist Daniel Levitin has some advice for you: Stay busy. What is the ideal age to retire? Never. Even if you’re physically impaired, it’s best to keep working, either in a job or as a volunteer. Lamont Dozier, the co-writer of such iconic songs as “Heat…
via What is the ideal age to retire? Never, according to a neuroscientist — ideas.ted.com
Life Insurance In The Age Of COVID-19
“I just didn’t think I needed it yet, and I’ve committed most of my financial resources to my business,” says Silkoff, 31, the president and co-founder of MyRoofingPal.com, an online marketplace that connects property owners with roofing contractors.
COVID-19, though, forced Silkoff to consider his mortality. “I don’t want to leave my wife in debt should something happen to me,” he says. “Also, during the slowdown, I had more time to do the research.” So Silkoff purchased a 10-year term life policy with $500,000 of coverage for about $30 a month.
Life Insurance In The Age Of COVID-19 — https://insurancenewsnet.com/oarticle/life-insurance-in-the-age-of-covid-19?utm_source=feedly&utm_medium=rss&utm_campaign=life-insurance-in-the-age-of-covid-19#.X1PyadR7nb0
A life insurance policy is an act of love.
Think about it.

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