Here's the story. Woman brain damaged after accident. Is awarded $470K from the company who owns the truck that hit her. Wal-Mart sued her for it because they covered her medical expenses... and they won.
Failing EconomygodemperorletoDecember 18 2007, 18:31:47 UTC
The key to all this is in the text. "But as the cost of covering workers continues to escalate, employers and health plans are getting more aggressive about going after the money."
Why? Because of two things--money is being devalued, and honestly, there isn't enough of it to go around anyway. This sort of irony is endemic to collapsing economies. Get ready to tighten your belts, a recession is probably going to hit pretty hard in the next year or so.
Regardless, the companies are grabbing the cash because their own profits are diminishing as they need to provide more and more payouts for things. The baby-boomers are all retiring and sucking up Social Security and pensions, and they don't give a shit that we'll never see a penny of it--they never did, nevermind their socialist save-the-world-for-our-children bitching and moaning in the '60s.
So money keeps getting printed, interest rates drop, but every single dollar that gets printed has to go someplace--a worthless commodity is nevertheless in high demand, and this incident is just another example of the growing trend. This crap wouldn't be happening if we weren't in trouble.
Nevertheless, if you don't like what Wal-Mart does, don't shop there.
Re: Failing Economyensign_amazingDecember 18 2007, 19:48:35 UTC
Regardless, the companies are grabbing the cash because their own profits are diminishing as they need to provide more and more payouts for things. The baby-boomers are all retiring and sucking up Social Security and pensions, and they don't give a shit that we'll never see a penny of it--they never did, nevermind their socialist save-the-world-for-our-children bitching and moaning in the '60s.
Regardless, the companies are grabbing the cash because they can. With impunity.
Why? Because of two things--money is being devalued, and honestly, there isn't enough of it to go around anyway. This sort of irony is endemic to collapsing economies. Get ready to tighten your belts, a recession is probably going to hit pretty hard in the next year or so.
Regardless, the companies are grabbing the cash because their own profits are diminishing as they need to provide more and more payouts for things. The baby-boomers are all retiring and sucking up Social Security and pensions, and they don't give a shit that we'll never see a penny of it--they never did, nevermind their socialist save-the-world-for-our-children bitching and moaning in the '60s.
So money keeps getting printed, interest rates drop, but every single dollar that gets printed has to go someplace--a worthless commodity is nevertheless in high demand, and this incident is just another example of the growing trend. This crap wouldn't be happening if we weren't in trouble.
Nevertheless, if you don't like what Wal-Mart does, don't shop there.
Reply
Regardless, the companies are grabbing the cash because their own profits are diminishing as they need to provide more and more payouts for things. The baby-boomers are all retiring and sucking up Social Security and pensions, and they don't give a shit that we'll never see a penny of it--they never did, nevermind their socialist save-the-world-for-our-children bitching and moaning in the '60s.
Regardless, the companies are grabbing the cash because they can. With impunity.
Reply
True.
I'm not trying to justify what they are doing.
Read:
Nevertheless, if you don't like what Wal-Mart [sic: or any other company] does, don't shop there.
Reply
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