Tuesday, February 28, 2017
Monday, February 27, 2017
Saturday, February 25, 2017
Save 90% On Your Auto Insurance
I’m not
kidding. In the near future you could be paying 90% less for car insurance.
Here’s how.
Have
you ever gone into Best Buy and bought an electronic device such as a computer
or smartphone and purchased insurance in case you drop it and break it? Now
you’re saying, “Yea, but what does electronic device insurance have to do with
auto insurance?” In just a few years our streets, roads and highways will be
filled with four-wheel electronic devices. That’s right, cars powered by a
battery that you will plug in a night so you can use it the next day. They will
also have an array of cameras and sensors controlled by powerful computer chips
allowing you to take your hands off the wheel and sit back and relax.
Self-driving autonomous electric vehicles. Sounds like electronic devices to
me.
As
pictured above, Tesla has been manufacturing and selling all-electric vehicles
for several years now with self-driving capabilities. Their cars are high end
luxury vehicles that have been sold worldwide and Tesla has been offering car
insurance in select markets which is customized to match the performance of its
self-driving “Autopilot” technology. Tesla’s first generation Autopilot has
resulted in a 40% crash rate reduction. Thus, they are selling their own
insurance at a 40% discount over traditional auto insurance rates.
Starting
July 1 Tesla will begin production of the Model 3. It will be an all-electric
mid-size sedan starting at $35,000 with self-driving capabilities as an option.
However, it has been announced that the Autopilot technology on the Model 3
will be Tesla’s ‘second generation’ Autopilot which will reduce crash rates by
90%. Company officials have hinted that if a 90% crash rate reduction is
achieved, it will offer Tesla Model 3 buyers insurance that would be priced 90%
below conventional auto insurance rates. Wow!
Wouldn’t
you like to pay 90% less for auto insurance? Here’s some real world dollar
savings. The national average annual premium for car insurance is $1325. If
everyone drove a Tesla the national average annual premium would be $132.50.
That’s only about $30 more than if you bought just one cup of Starbucks coffee
a week for a year. Michigan has the highest car insurance rates in the nation.
If you owned a Tesla Model 3 in Michigan, you’d pay $273.80 for car insurance.
Maine has the lowest car insurance rates in the nation. If you owned a Tesla
Model 3 in Maine, you’d pay $80.80 for car insurance.
Here’s
something else to think about. Electricity for an all-electric vehicle costs
about 40% less mile-for-mile than gasoline for a conventional gas powered
vehicle. I don’t think I’m going to be able to afford NOT to own a Tesla Model
3.
Thursday, February 23, 2017
The Perfect Storm
In 1962 life
expectancy was 70 years. That meant when you retired at 65 the government
expected you to draw your Social Security checks for five years and that was
it. You were dead and done. Today, according to a recent study on life
expectancy published in The Lancet medical journal,
by 2030 life expectancy will be nearing 90 years due to higher quality health
care and advancements in medical technologies. By 2030 most people will start
drawing their Social Security checks at age 67 unless Congress increases the
retirement age again. If they don’t that means the government will have to send
out Social Security checks for not just five years, but for 23 years.
Currently, more and more people are working beyond retirement age. Seems to me
there’s going to be a lot of working age Americans waiting a lot of years for a
lot of jobs that a lot of retirement age Americans are not going to be giving
up. Looks like there’s a storm brewing.
In 1962 Sam Walton
opened his first Walmart store in Rodges, Arkansas. Back then every small town
in America had a Main Street bustling with people and store fronts brimming
with products. Since then Main Street has had most of its storefronts boarded
up and the people have disappeared to the aisles of Walmart just outside of
almost every small town in the country. Today, Walmart is the largest employer
in America, employing 1.5 million people. That’s a staggering 1% of the entire
U.S. workforce. Imagine how many people would be out of work if someone came
along and put Walmart out of business, along with Sears and Kmart and Macy’s
and Home Depot and Costco and Lowe’s and etc. Here comes Amazon.
It is estimated that
Amazon can sell and deliver the same amount of merchandise as the above
mentioned retailers utilizing one tenth the manpower. They do this by utilizing
50,000 robots in their distribution warehouses that work 24 hours a day with no
pay and no benefits. Are you an Amazon Prime member that guarantees you free
shipping to your door in two days? No wonder Amazon is eating Walmart’s lunch
along with the rest of the retailers mentioned above. I don’t think all those
millions of retirees in 2030 will be working at Walmart or any other big box
store. Sounds like there’s a storm brewing.
In 1962 very few cars
had seat belts installed, very few had air conditioning, and the only thing
remotely electronic was an AM radio as an option. Today we are on the verge of
self-driving autonomous driving vehicles. Kevin Ashton, a professor at the
Massachusetts Institute of Technology, predicts we will all own self-driving
cars by 2030. Just imagine. We won’t need any more drivers. No more truck
drivers. No more taxi drivers. No more bus drivers. And because there will be
no more accidents we won’t need as many police, as many EMT, as many body shops,
as many insurance agents. That’s an awful lot of jobs that’s going to just
plain disappear. Sounds like there’s a storm brewing.
SOUNDS LIKE A PERFECT
STORM BREWING!
Wednesday, February 22, 2017
Sunday, February 19, 2017
Friday, February 17, 2017
Thursday, February 16, 2017
Wednesday, February 15, 2017
Tuesday, February 14, 2017
Monday, February 13, 2017
Sunday, February 12, 2017
The Chunks Are Getting Bigger
President Obama, in an interview with Bill
Maher before the election last November, said that “if I watched Fox News, I
wouldn’t vote for me either.” After the election he explained why he thought
the Democrats lost the election to Donald Trump. He said, “In this election,
working-class white voters turned out in huge numbers for Trump. And a big
reason is Fox News is in every bar and restaurant in ‘big chunks’ of the
country.” Well, I hate to say it, but (not really, I love to say it)...the ‘big
chunks’ are getting bigger.
According to the latest Nielsen ratings
announcement, Fox News has done something no other cable news network has come
close to accomplishing. They are celebrating 15 years in a row as the most
watch cable news network. And here’s the kicker. In January Fox News averaged
2.8 million viewers, up 35 percent from the previous year. In addition, they
had 14 of the top 15 in cable news in total viewers and 8 out of 10 top
programs for the 25-54 demographic. Like I said, the ‘big chunks’ are getting
bigger.
And if this trend of 35 percent increase in
viewership continues, especially in the 25-54 demographic, it won’t be too long
before these big chunks will be showing up in places like New York and
California. I’ll guarantee you this, the movers and shakers in the Democrat
Party are much more worried about ‘bigger chunks’ than the are about Donald J.
Trump.
Thursday, February 9, 2017
Saturday, February 4, 2017
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