Economics - science, theories, programs, and policies

Not over 5 hours this time, at least…

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Insurance in so many states is allowed to essentially red-line. My insurance rates for cars and home have been ridiculously high forever because my 5-digit zip code includes (oh, the horror :scream:) black people. We could never fix this under the 30+ years of Gerrymandering Republicans inflicted on Michigan, and I guess there wasn’t enough time in 2 years with a Democratic super-majority to fix everything, but as harm goes to average tax payers (of any skin color), this racist pricing of insurance seemed like it should’ve been kinda high on the list.

And then this past week a huge water transmission main failed in SW Detroit, submerging an entire neighborhood. Most folks in Detroit do not have home or meaningful auto insurance. Because red-lining prices them out. This disaster is going to cost Detroit’s water and sewer system millions of dollars they don’t have. Hundreds of people have lost their furnaces and water heaters (these are typically housed in basements, which were flooded by the water main break). The water authority claims they will make homeowners “whole”, but that’s a load of shit - governmental immunity will keep most of the insurance claims against the authority unpaid. I do hope the state helps out, no one buying or renting a house in this neighborhood could possibly have predicted getting flooded out by a water main break.

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Is that the one I saw a video clip of, where it flooded and then froze over solid and the cars and trucks were encased in ice up to their hoods? That looked downright apocalyptic. I can’t imagine much of anything caught up in that being salvageable.

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I think it must’ve been. I saw some too, wondered if it was AI. :eyes:

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Water Main Break Leaves The Streets Of Southwest Detroit Littered With Frozen, Flooded Cars

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Belle talks about Felon47 and stagflation:

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Let’s hope something gives, and this isn’t the direction we’re headed.

Yes, something… something…

1000031429

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The Capitalist Dude referenced there is Tim Gurner, an ultra wealthy property developer in Australia. Which explains his perspective. People working from home during and after COVID devalued a lot of office buildings. He made those comments in September 2023. It went viral and he was absolutely ripped to shreds online. He ended up issuing a bullshit apology. His feefees were still hurting, though, so he went to a luxury wellness clinic (which he founded), worked with his breathing guru, and then he felt fine again. So happy for him. Fucking dick.

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