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Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts

Friday, March 6, 2026

US Navy will escort and insure ships passing through gulf of Hormuz, effectively outwitting Lloyds and UK; war is all about dominating global business

It is more fun criticizing

There were tremors in the oil market, spoofing the oil markets, and it was projected that gas in the PHL will rise by P10.00 to P15.00 per liter triggering massive price increases in transport and daily necessities and spiking inflation.    This was due to the withdrawing of insurance by Lloyds of London UK

However, we note:

    1.  The leadership of Iran is gone, 
    2.  Navy ships gone,  Air force gone  (However the missiles could still be a threat)
         Ground war;
   3.   Trump promised to have US navy escort the ship through the gulf of Hormuz and insure the same thru the US International Development Finance Corporation.   

US may be spending a lot for this war, probably now in billions of $ But its all about control of oil, energy, insurance money.   And by projecting power to UAE, petro dollars will not vanish after all.   Petro dollars will be here to stay.   (No severe backlash for US, no domestic inflation)   Trump wins.




Thursday, July 19, 2018

Are motorcycles legal in Philippine Highways and Major Road? Are they safe?

It is more fun criticizing

Rizal Philippines
July 19, 2018

Image result for tricycles philippines

Many of us have been lulled to believing that they are illegal in Philippine major streets.   But no such laws prohibit their plying Philippine highways and major streets.  They have become the most common and convenient transportation in many parts of the country especially in rural areas. They are so numerous that they account for 1/3 of total motor vehicles registered in the country.They are every where  They outnumber cars.  Thus they wield clout in local elections (and probably even in national elections)   Legislating against them invite political doom

They have been banned in some areas of Manila.  and colorum tricycles have been confiscated in QC.

They have figured in many fatal accidents in highways:   major collisions between bus and trucks, collisions/crashes between tricycle and pedestrians. Tricycles are no match to the size speed and mass of trucks and buses

Almost all tricycles are uninsured. If you figure in an accident with a tricycle, the  likelihood is that they will merely scratch their head.  No responsibility

With this, they ply the road the impunity. Continued disregard of traffic rules and safety are often the norm, and so with lax licensing and enforcement

1. U turn where none is allowed

2.  Overtaking from the right;

3.  Parking in areas where it is not allowed.

4.  Having waiting areas for passenger in curves and stations

5. Racing and overspeeding in highways.

6.  Doing full transport from town to town

What can be done regarding their operations with regards to safety and efficient traffic

While there is a proposed Magna Carta for tricycles being  proposed for tricycles and drivers, there are no provisions for insurance and for safety regulations and safety