Monthly Archives: June, 2023
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State Farm is no longer accepting property insurance applications in California
Insurance giant State Farm is no longer accepting new applications for business or personal property coverage in California. “We take seriously our responsibility to manage risk,” the company said in a statement posted to its website Friday.
Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government
Even with the new spending restraints in the debt limit deal that cut borrowing by $1.5 trillion, the U.S. government’s deficits are still on course to keep climbing to record levels over the next few decades.
Rooting out local government corruption in California starts by ending pay-to-play
A new California law that took effect this year may be the most important political reform the state has enacted in a half century. No wonder special interests and the politicians they help elect are trying to kill it.
The decline and fall of the American Empire
A cursory examination of history reveals that the United States is mired in the same process that precipitated the collapse of the great empires of the past. The foibles and failures of human nature and their impact on the rise and fall of empires is amazingly consistent and the end result always inevitable. Can this nation avoid a similar fate?
California is becoming uninsurable
State Farm will no longer provide home insurance to new California customers, the company announced on Friday, citing “historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market.”
