tag:blogger.com,1999:blog-2275703768599664559.post5837528743761857811..comments2009-07-03T17:06:55.442-07:00Marihttp://www.blogger.com/profile/17298576391786364037noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2275703768599664559.post-90392425614287383112009-07-03T17:06:55.442-07:002009-07-03T17:06:55.442-07:00A lot of businesses are working on cutting operating costs in order to simply survive the current crisis. It is unfortunate that insurance premiums and coverage are also being cut in the process. It might be shortsighted on their part to do so because the cost of replacing equipment or rebuilding an asset would only either stay the same or go even higher. Thus, by reducing their coverage, these business owners risk losing their businesses altogether should something untoward happens.Panaderoshttp://hometownboy.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-2275703768599664559.post-59069269574336818472009-07-03T17:06:08.217-07:002009-07-03T17:06:08.217-07:00Yes, california is bankrupt. State employees are forced to take 2 unpaid leave and a third is being planned. Aside from their jobs, californians are losing their homes or are underwater(the value of their house is lower than what they owe). Friends who took second mortgage from their primary home to buy an investment house are on deep hole. Some ended up losing both homes. Moral lesson? People are just plain greedy and they don't do research before investing. All good things comes to an end and people are worse off than when they started.Anonymousnoreply@blogger.com