Then Hurricane Ian slammed into Florida's west coast, killing at least 74 people and inflicting tens of billions of dollars in property damage.
1. While @RonDeSantisFL was fighting the culture wars, banning CRT and shipping migrants to Martha's Vineyard, he failed to meaningfully address Florida's dysfunctional and collapsing property insurance market
And now things are going to get much
Then Hurricane Ian slammed into Florida's west coast, killing at least 74 people and inflicting tens of billions of dollars in property damage.
Floridians pay an average of "$4,231 a year per [property insurance] policy, compared to a US average of $1,544."
https://t.co/el450oM7QI
https://t.co/el450oM7QI
https://t.co/el450oM7QI
If Citizens runs out of money, Florida law "allows [Citizens] to assess non-customers to pay out claims."
A "hurricane tax."
https://t.co/el450oM7QI
The session resulted in lowering the threshold for the industry to access taxpayer-financed reinsurance by $2 billion.
This didn't meaningfully address the problem.
Advocates warned it was "an industry bail-out that won’t result in savings to consumers."
https://t.co/el450oM7QI
Despite the reinsurance fund, many insurers continued to apply for double-digit rate increases.
https://t.co/el450oM7QI
Follow the State Farm money.
Strengthening the public reinsurance fund was opposed by "large insurance companies that can buy reinsurance from their own subsidiaries."
https://t.co/el450oM7QI
On August 1, 2022, DeSantis collected "nearly 200 separate checks from insurance agents or their firms," totaling about $150,000.
The effort, according to Politico, was "coordinated by State Farm."
https://t.co/el450oM7QI
https://t.co/el450oM7QI
It's free to sign up.
https://t.co/TfpCItdVSo
More from Judd Legum
1. BREAKING
3 major corporations say they'll stop donating to members of Congress who tried to overturn the election
BlueCross BlueShield (@BCBSAssociation)
Marriott (@MarriottIntl)
@CommerceBank
Follow along for more on these 3 plus 141 other
@MarriottIntl @CommerceBank 2. In the last 3 cycles, the BlueCross BlueShield PAC has donated 959K to GOP candidates and 359K to Dem candidates.
Now, BCBS's CEO says it will "suspend contributions to those lawmakers who voted to undermine our democracy"
https://t.co/r4Z4TjJUCe
@MarriottIntl @CommerceBank 3. @CommerceBank's PAC favors Republicans over Democrats by a 6 to 1 margin. The bank now says it has "suspended all support for officials who have impeded the peaceful transfer of power"
@MarriottIntl released a similar statement to Popular Information.
https://t.co/r4Z4TjJUCe
4. @tesszeeks and I contacted 144 corporations that donated this cycle to Senators who objected to the Electoral College vote
We asked if their support would continue
We got a lot of other responses + a lot of corporations who, so far, are ignoring
5. More details coming in this thread. But if you value this kind of work, please subscribe to our newsletter, Popular Information.
It's free to sign up.
The newsletter, not this Twitter account, is what makes this work possible.
3 major corporations say they'll stop donating to members of Congress who tried to overturn the election
BlueCross BlueShield (@BCBSAssociation)
Marriott (@MarriottIntl)
@CommerceBank
Follow along for more on these 3 plus 141 other
@MarriottIntl @CommerceBank 2. In the last 3 cycles, the BlueCross BlueShield PAC has donated 959K to GOP candidates and 359K to Dem candidates.
Now, BCBS's CEO says it will "suspend contributions to those lawmakers who voted to undermine our democracy"
https://t.co/r4Z4TjJUCe
@MarriottIntl @CommerceBank 3. @CommerceBank's PAC favors Republicans over Democrats by a 6 to 1 margin. The bank now says it has "suspended all support for officials who have impeded the peaceful transfer of power"
@MarriottIntl released a similar statement to Popular Information.
https://t.co/r4Z4TjJUCe
4. @tesszeeks and I contacted 144 corporations that donated this cycle to Senators who objected to the Electoral College vote
We asked if their support would continue
We got a lot of other responses + a lot of corporations who, so far, are ignoring
5. More details coming in this thread. But if you value this kind of work, please subscribe to our newsletter, Popular Information.
It's free to sign up.
The newsletter, not this Twitter account, is what makes this work possible.
1. @NYGovCuomo became a pandemic star by contrasting himself with Trump
Cuomo crafted an IMAGE of being determined, honest and grounded in science
But 11 months later this image is falling apart
Follow along for a FACTUAL assessment of Cuomo's
2. Cuomo WROTE A BOOK, published in October, celebrating his own leadership during the pandemic.
Cuomo writes that NY had "confronted and defeated" the virus, and had "achieved what all the experts told us was impossible."
Today, things look
3. Today, New York has 338 people hospitalized with COVID per million residents.
This is the HIGHEST NUMBER IN ANY STATE by a considerable margin.
https://t.co/Hl4fsFxB6l
4. Overall, 46K New Yorkers have died of COVID, which trails only California (47K), a state with 2x as many people.
On a per capita basis, New York has had more deaths than every state but New Jersey.
Cuomo made decisions that made things
5. A new report by NY AG Letitia James (D) found Cuomo's order requiring nursing homes to accept residents w/COVID "may have put residents at increased risk of harm"
Cuomo dismissed criticisms of his nursing home policies in his book as
Cuomo crafted an IMAGE of being determined, honest and grounded in science
But 11 months later this image is falling apart
Follow along for a FACTUAL assessment of Cuomo's
2. Cuomo WROTE A BOOK, published in October, celebrating his own leadership during the pandemic.
Cuomo writes that NY had "confronted and defeated" the virus, and had "achieved what all the experts told us was impossible."
Today, things look
3. Today, New York has 338 people hospitalized with COVID per million residents.
This is the HIGHEST NUMBER IN ANY STATE by a considerable margin.
https://t.co/Hl4fsFxB6l
4. Overall, 46K New Yorkers have died of COVID, which trails only California (47K), a state with 2x as many people.
On a per capita basis, New York has had more deaths than every state but New Jersey.
Cuomo made decisions that made things
5. A new report by NY AG Letitia James (D) found Cuomo's order requiring nursing homes to accept residents w/COVID "may have put residents at increased risk of harm"
Cuomo dismissed criticisms of his nursing home policies in his book as
1. BREAKING
3 major corporations say they'll suspend donations to the Republican Attorneys General Association, which helped drive participation in last Wed's events
@Facebook
@Lyft
@DoorDash
Follow along for more on these 3 plus 60 other
@lyft @DoorDash 2. University of Phoenix (@UOPX) is taking things a step further.
The for-profit university, which donated $50,400 to RAGA last year, is demanding its money back
"We have asked RAGA to return our contribution to us as soon as
3. @Lyft tells https://t.co/Gl6evXRDcZ that it "not be renewing our membership in RAGA for 2021"
@Facebook says it was "surprised and appalled" by the RAGA's conduct
4. @DoorDash says that "Any individual or organization that encouraged or facilitated this horrific behavior must be held accountable."
All this is a wakeup call for the Republican Attorneys General Association, which has accepted NO RESPONSIBILITY FOR ITS INVOLVEMENT
5. More details coming in this thread. But if you value this kind of work, please subscribe to our newsletter, Popular Information.
It's free to sign up.
The newsletter, not this Twitter account, is what makes this work
3 major corporations say they'll suspend donations to the Republican Attorneys General Association, which helped drive participation in last Wed's events
@Lyft
@DoorDash
Follow along for more on these 3 plus 60 other
@lyft @DoorDash 2. University of Phoenix (@UOPX) is taking things a step further.
The for-profit university, which donated $50,400 to RAGA last year, is demanding its money back
"We have asked RAGA to return our contribution to us as soon as
3. @Lyft tells https://t.co/Gl6evXRDcZ that it "not be renewing our membership in RAGA for 2021"
@Facebook says it was "surprised and appalled" by the RAGA's conduct
4. @DoorDash says that "Any individual or organization that encouraged or facilitated this horrific behavior must be held accountable."
All this is a wakeup call for the Republican Attorneys General Association, which has accepted NO RESPONSIBILITY FOR ITS INVOLVEMENT
5. More details coming in this thread. But if you value this kind of work, please subscribe to our newsletter, Popular Information.
It's free to sign up.
The newsletter, not this Twitter account, is what makes this work
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I hate when I learn something new (to me) & stunning about the Jeff Epstein network (h/t MoodyKnowsNada.)
Where to begin?
So our new Secretary of State Anthony Blinken's stepfather, Samuel Pisar, was "longtime lawyer and confidant of...Robert Maxwell," Ghislaine Maxwell's Dad.
"Pisar was one of the last people to speak to Maxwell, by phone, probably an hour before the chairman of Mirror Group Newspapers fell off his luxury yacht the Lady Ghislaine on 5 November, 1991." https://t.co/DAEgchNyTP
OK, so that's just a coincidence. Moving on, Anthony Blinken "attended the prestigious Dalton School in New York City"...wait, what? https://t.co/DnE6AvHmJg
Dalton School...Dalton School...rings a
Oh that's right.
The dad of the U.S. Attorney General under both George W. Bush & Donald Trump, William Barr, was headmaster of the Dalton School.
Donald Barr was also quite a
I'm not going to even mention that Blinken's stepdad Sam Pisar's name was in Epstein's "black book."
Lots of names in that book. I mean, for example, Cuomo, Trump, Clinton, Prince Andrew, Bill Cosby, Woody Allen - all in that book, and their reputations are spotless.
Where to begin?
So our new Secretary of State Anthony Blinken's stepfather, Samuel Pisar, was "longtime lawyer and confidant of...Robert Maxwell," Ghislaine Maxwell's Dad.
"Pisar was one of the last people to speak to Maxwell, by phone, probably an hour before the chairman of Mirror Group Newspapers fell off his luxury yacht the Lady Ghislaine on 5 November, 1991." https://t.co/DAEgchNyTP
OK, so that's just a coincidence. Moving on, Anthony Blinken "attended the prestigious Dalton School in New York City"...wait, what? https://t.co/DnE6AvHmJg
Dalton School...Dalton School...rings a
Oh that's right.
The dad of the U.S. Attorney General under both George W. Bush & Donald Trump, William Barr, was headmaster of the Dalton School.
Donald Barr was also quite a
Donald Barr had a way with words. pic.twitter.com/JdRBwXPhJn
— Rudy Havenstein, listening to Nas all day. (@RudyHavenstein) September 17, 2020
I'm not going to even mention that Blinken's stepdad Sam Pisar's name was in Epstein's "black book."
Lots of names in that book. I mean, for example, Cuomo, Trump, Clinton, Prince Andrew, Bill Cosby, Woody Allen - all in that book, and their reputations are spotless.
I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
I'm going to do two history threads on Ethiopia, one on its ancient history, one on its modern story (1800 to today). 🇪🇹
I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. 🇪🇹 (sub-thread):
The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹
Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹
References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹
I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. 🇪🇹 (sub-thread):
The famous \u201cLucy\u201d, an early ancestor of modern humans (Australopithecus) that lived 3.2 million years ago, and was discovered in 1974 in Ethiopia, displayed in the national museum in Addis Ababa \U0001f1ea\U0001f1f9 pic.twitter.com/N3oWqk1SW2
— Patrick Chovanec (@prchovanec) November 9, 2018
The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹
Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹
References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹