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Wall Street Can Sell Bets on Your Life

Wall Street banks and other firms can sell bets that you will die prematurely.

“You can bet your life” or shortened to “you bet your life” or shortened further to “bet your life” or shortened even further to “you betcha” are versions of the same slang. While the short versions are usually applied to trivial assertions, the longer versions are sometimes used to emphasize certainty on issues of importance. In 2008, Vice Presidential candidate Sarah Palin used the phrase “you betcha” to cloak her statements with a frontier authenticity. She was Governor of Alaska but chose to re-enforce her rugged bea-r-hunting image rather than her administrative experience and grasp of global issues.

Of course, you can bet on your life. Life insurance companies are in the business of taking you up on such bets. It is a common-sense wager for both you and the insurance company. They provide money to support your family if you die prematurely; they make money if you live beyond the term of the policy or your life expectancy. However, in addition to taking a gamble that you will live at least as long as expected, the life insurance company factors administrative costs and a profit into the premium. With life expectancies rising, life insurance companies also get to collect additional premiums before having to pay out benefits. Therefore, additional life insurance is not usually a good investment strategy for other financial goals.

Strangers can also bet on your life–as an investment strategy. The stakes are still your life, but in this case you are not at the craps table. The dealer at that craps table is a company that buys and sells life insurance policies. These companies do not just build in a modest cost factor for administration and a reasonable profit. Unlike a life insurance company, they don’t care how long you live or their long-term credibility. All they have to do is buy your life insurance policy and then entice an investor at the craps table to place one bet that you will die soon enough for the investor to make a profit on your death. Each year you live, beyond the paid-up premiums, requires the investor to pay additional life insurance premiums on top of the original price that he paid for your life insurance policy. The investor hope you die ASAP. (Criminals might help the process along-if they know whose life they need to shorten in order to collect.) The dealer, on the other hand, doesn’t give a damn if you live to 100. He has made a handsome profit on the one-time sale of your life (insurance policy).

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Christmas and the Bribery Act – Are You Ready?

Christmas is coming and the season for giving will soon be with us, so what should employers do with regard to the Bribery Act 2010 and the possibility that some of their employees might be offered gifts or hospitality?

This is a time when companies are possibly at their highest risk of breaching the Act by failing to prevent inappropriate conduct amongst their people. It is a time of uncertainty for many employees because they do not know, or fully understand, what they can and cannot give or receive, and this can lead to the possibility of embarrassment at the very least.

Because the Act is relatively new there are still many companies that are not sure what their responsibilities are or whether or not their policy will protect them should a problem arise.

One misconception is around the value of any such offering, but this is not relevant; the issue is whether or not it is intended as an inducement. Many companies have introduced policies placing value limits and there is nothing wrong in doing so, but the policy must make it clear that no gift or hospitality that is accepted is in the form of an inducement or as a reward for having favoured that supplier.

It is quite proper for companies that do business with each other to make a gesture of thanks for past business, and it is worth any business reminding its employees of the company policy both in terms of giving and receiving.

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Important Points for Your Online Privacy Policy

Your privacy policy is an extremely important document and it has a direct influence on your success as a business owner. It is important for you to have one and to share it with others to demonstrate your integrity.

Transparency is critical

You owe it to your online business connections to be transparent with what your policies are and how they will affect them if they decide to interact with you in business in some way. It is also extremely important that you notify your online connections of important information as it occurs (and if, of course, it is relevant) and that you offer them a way to opt-out if they should choose to do that.

The following are important points to emphasize in your privacy policy, if you haven’t covered them already:

  • When giving notice: When notifying your connections (that includes prospective and already-existing clients) about how you will be gathering and using information about them, you must be very clear, comprehensible and transparent. There should be nothing left to doubt in their minds. You should be sure to tell them who you intend to share their information with and ensure that they can get in touch with you easily, if they would like to do that.
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Are You Living Your Beliefs?

Often our lives are a direct result of that which we believe. It includes it all, the good, the bad and the really ugly.

Have you stopped to think why some things are not working out as you expected them to be?

Does it seem to you like money comes, and money goes, and sometimes, mostly goes, and keeps on going?

You think you’ve found the perfect mate and before too long, he or she, turns out to be the mate from hell.

Are you frustrated about no matter what you do; things just don’t turn out your way?

This is an indicator that the walk you are walking is a direct result of your beliefs; in other words, you are living what you are believing; and some of those beliefs can be hurting you. Like “Money is the Root of all Evil!” Ouch! And you wonder why sometimes you don’t have enough of it!

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Activity and Output From Business Perspective

The word ‘activity’ will be used in this textbook as a general description to cover any physical operation that takes place in an enterprise. In a business providing bus transport for schoolchildren the activities will include driving the bus, cleaning the bus, making telephone calls to check routes and times, and ensuring that the administrative requirements, such as insurance and licenses, are in place. In an NGO department providing assistance to elderly persons, the activities will include sending out home helps, paying the home helps, telephoning the clients to arrange visits and checking that spending is within the budget allowed. In a product manufacturing business providing floor-cleaning machines the activities will include ordering parts, assembling parts, delivering the finished products to shops for sale, taking in returns for repair under warranty, paying employees and checking on the quality of the goods produced. These are all activities and they all cause costs to be incurred. The activities causing costs is central to much of the partition of costs and the collection of costs relating to a specific activity.

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Does Money Provide Personal Contentment?

Imagine you are a billionaire and have everything that money can buy… big chunks of land, mansions overlooking the sea, the most expensive boats, fancy cars, a personal jet, adventures, even beautiful women… just to mention a few. Does this guarantee personal contentment or true happiness?

It is a fact that people need money to survive. You sell goods and services for money and use it to buy what you want. Without money, there is no trade! The whole world revolves around money and it takes talent and ability to use it well. Money is important and it’s for that reason that we strive to get or create jobs that earn us a good income. Hence we can:

  1. Meet all our personal expenses, loans and pay taxes.
  2. Invest and save it for our own future use or the next generation.
  3. Enjoy the basic needs of life and live a healthy life style.
  4. Get value and status in society which boosts our self esteem.
  5. Save and Change lives, provide education and charity to those in need.

Reasons for uses of money are endless. I have heard many people say that “… with money I am financially secure, confident and content”. Yes, you can achieve some amount of happiness butwhen is the money trap so bad that it sucks all personal contentment out of us?

I honour and admire the first female British Prime Minister’s, quote as the best answer “… Too much love of money for its own sake”

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Changing Economic Perspectives

When we live in the present we don’t recognise change as it happens but when we look back years later we see a clear change has occurred. When I think of the music I listened to when I was in my teens and I compare that to the music we listen to now there is an obvious change that goes beyond evolutionary principles. In Permaculture we think in terms of Small and Slow Solutions.

Often it seems people get mixed up with what is meant by change (current) and evolution (historical). Change is something that happens to us and we see it happen. All be it not until we look back after months, years or decades and see the change that was made. Evolution is something that happens over what can be several thousand, million or indeed Billion years. The fact that we walk upright and our arms are no longer a second set of legs is a good example of evolution. Driving a vehicle to work instead of a horse is an example of change.

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Before Taking Advice From Someone

There’s no shortage of people who will tell you what you should do in your business. The problem with listening to unsolicited (and even solicited) advice is that often those doling out their thoughts have no idea what’s involved with your decision.

Recently, there was a posting on Facebook by someone seeking input as to whether or not she should start a radio program. Apparently, she had been invited by a company to start a show on their platform.

Although hosting a show seems like a fun idea, there are lots of considerations before saying yes or no.

Many people were quick to say, “Go for it.” Only a few responded with questions for considerations.

One woman who has hosted a show responded with, “It depends on the opportunity as not all are worth your time and energy. I have done a lot of online radio and it can be a huge time drain with very little return in the end.”

Most were along the lines of, “If you feel passionate/excited about it – then yes!!!”

Although passion is important, it takes a heck of a lot more than passion to make business decisions. Passion alone does not pay the bills. Strategic planning is a must-do with most choices such as starting a radio program.

Running a business involves careful evaluation as to the pros and cons of decisions you make. It’s easy to get caught up in the excitement of a new idea and yet, that’s how many entrepreneurs stay stuck and get into financial trouble.

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How to Be an Environmentally Friendlier Business

Most businesses these days will have some sort of environmental policy to demonstrate to their customers that they are thinking of the environment with their large scale buying choices. On a day to day basis however, there is more that can be done from within your office or warehouse. Some of these you may already have in place but hopefully some of them will be new ideas that could help to make a big difference.

Encourage good practises within your workplace:

– Carpooling, do you have employees that live close to one another? Encourage them to lift share. If everyone did this there would be less cars on the road and less fossil fuels being used up.

– Offer the cycle to work scheme. Get your company involved in the governments cycle to work scheme and get more people out of their cars!

– Shut down machines and computers at night, do not leave things on standby as this uses a lot of energy. Don’t forget those office TVs and printers, turning them off at the plug can save a lot of energy.

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Getting Rid Of Political Corruption in Washington DC – The Way to Clean House In Government?

How is it possible to drain the swamp in American Politics? I sometimes wonder if that is even possible. My personal view is, yes, I’d like to drain the swamp too, I just want to drain the left-side of the swamp first, not sure how that would work. Back in late 2015 we discussed the issues with political corruption at our think thank and how to go about it, we determined it was necessary to ‘clean house’ or what Donald Trump calls; draining the swamp.

One of our think tankers asked; “What if the release of findings are to the people via an honest media source that reports on news as they really should?”

Yes, expose the corruption, kind of like WikiLeaks attempted to do with the DNC. Of course, one of the challenges is that much of the shenanigans going on in American Politics are not even considered serious by the masses (more so business as usual), as long as they get their free stuff or the politician is of their party, they don’t care. In the case of a reporter, if they lean-left they down play the allegations of Democrats and act as apologetics, then attack Republican politicians and leaders.

As a writer, I have no need for a Pulitzer, and I don’t always place a lot of value on self-righteous whistleblowers, especially those who are involved and want immunity or have an axe to grind, or have done something dishonest to do the whistleblowing. I especially dislike traitors.