The total number of life insurance policies sold rose 8% in the first six months of the year and marked the highest such growth since 1983, LIMRA said. And there were other indicators in that same data that pointed to positive signs: Total U.S. life insurance premium increased 21% in the second quarter 2021, the largest year-over-year increase since third quarter 1987; in addition, it was up 18% for the first half of 2021 compared to the prior year.Life Insurance Sales Are Up, But for How Long? — https://news.ambest.com/articlecontent.aspx?refnum=313837&altsrc=2
I know who you are and I know what you want. If you are looking for ransom, I can tell you I don’t have very much money. But what I do have are a very particular set of skills; skills I have acquired over a very long career. Skills that are currently in short supply. Skills that I can and will take to the highest bidder.The Supreme Commander
I last posted about my upcoming retirement in More Retirement Income Ahead!
I need to start referring to my upcoming retirement as What Retirement?
In a sick twist of capitalism, this sharp decrease in patient volumes through the emergency department and occupying hospital beds, while non-emergency operations were put on hold, lead to decreased revenue for hospitals and physician groups.
With a lack of revenue and a lack of foresight for the possibility of further surges and the arcane and length process of applying for hospital credentials, that lead to hospitals cutting staff including nurses and physician groups cutting hours and pay or even firing physicians.COVID Isn’t Over, And Why That Will Impact Everyone — https://tnicholsmd.medium.com/covid-isnt-over-and-why-that-will-impact-everyone-ce94766669df
We have staffing shortages in our hospitals that include not just physicians but nurses, respiratory specialists, etc. Dr. Nichols calls this “a sick twist of capitalism”. I disagree. It’s just capitalism. Capitalism worked well for several hundred years, but times change, and systems eventually become corrupt. Corrupt systems then attract corrupt individuals or gradually corrupt unsuspecting souls to perpetuate the system. Welcome to to the world of Predatory Capitalism. Eat or be eaten. Capitalism lacks compassion.
Whew. Now that I’ve gotten that off my chest back to our original programming.
Be virus aware even if you are vaccinated. You might consider masking up again while indoors, amongst crowds, etc. The situation is worse in different parts of the world. Be aware of the situation where you live and where you travel. I was in a local shopping mall for the first time since some time prior to March 2020. A small minority of us were wearing masks. The vast majority of shoppers were behaving as if the pandemic was over. It ain’t over.
I did notice that masks were on sale. You might want to pick up a few before the price goes back up.
But so many people remain unvaccinated that, nationwide, cases have more than doubled in recent weeks — a jump driven not just by Delta, but also the country’s lapsing of mitigation efforts and people traveling and reconnecting socially. Even states like Massachusetts that have comparatively high vaccination rates have started seeing upticks in cases.How Delta is pushing the U.S. into a new phase of the Covid-19 pandemic — https://www.statnews.com/2021/07/19/delta-vaccines-new-phase-pandemic/?utm_campaign=rss
Policyholders are filing suit, as big U.S. life insurers blame the Federal Reserve’s decision to keep interest rates lower for longer.
Source: Life Insurance Customers Push Back Over Surprise Cost Increases – WSJ
One of the state’s largest companies, Springfield-based MassMutual Financial Group, is cutting about 5 percent of its 7,200 employees.
Source: MassMutual to layoff 5 percent of workforce – The Boston Globe
Some fast-food franchisees are rethinking putting workers on part-time status to avoid having to provide them with health insurance. The business hassles are exceeding the savings.
Source: Bosses Find Part-Time Workers Can Come With Full-Time Headaches : Shots – Health News : NPR
According to the BLS’ Household Survey, while 375,000 foreign-born workers found jobs in November, a whopping 326,000 native-born Americans lost theirs.
Source: 326,000 Native-Born Americans Lost Their Job In November: Why This Remains The Most Important Jobs Chart | Zero Hedge
Interesting statistics. Just sayin’, you know?