Hurricane Ike and the Financial Impact of Hurricanes

Everything’s bigger in Texas, including hurricanes, and Ike was almost the size of the state itself. The storm shrieked overhead and pounded Houston for twelve hours, dumping more than eleven inches of rain, interrupted at the halfway point by the shivery calm of the eye passing overhead. Listening, I thought often of those communities . . . → Read More: Hurricane Ike and the Financial Impact of Hurricanes

Government Takeover of AIG Fails to Calm Market

I confess I wasn’t happy to wake up Wednesday morning and find out that Federal Reserve Chairman Ben Bernanke and Secretary of the Treasury Henry Paulson had decided to put taxpayers on the hook for up to $85 billion in loans to AIG, the world’s largest insurer of mortgage-backed securities.

I was even more . . . → Read More: Government Takeover of AIG Fails to Calm Market

Health Insurance Companies Take Advantage of Doctors

In response to my last post regarding health insurance companies, I received a comment from a physician who noted that health insurance companies try to make it difficult for doctors to collect payments. I could not agree more. It is the classic example of a big business trying to take advantage of the little . . . → Read More: Health Insurance Companies Take Advantage of Doctors