Divemedic

Poof, debt free

It’s the law in Nevada that a casino has to have enough money to pay off every bet in that casino. That is, if every single chip and bet were to be called in at once, they have to have enough cash on hand to pay it off. For the slot machines, the casino has to have $1,000 per .01-.50 machine, plus $1,800 per $1 slot, and $5,000 each for slots of higher denomination. The idea here is that the casino needs to be able to pay the obligations it incurs by losing its bets.

Banks have laws that require them to have a certain amount of funds in reserve. All banks with more than $124.2 million on deposit must maintain a cash reserve of 10% of deposits. Banks with more than $16.3 million but less than $124.2 million must reserve 3% of all deposits.

So when I see a story telling me how a Florida insurance company, faced with having to pay out hurricane claims, is going to use insolvency as an excuse to get out of paying, it boils my blood. These companies are in turn owned by other companies, and the use that structure to move money from one place to the other to avoid having to pay out claims. They collect billions in premiums for decades and send that money off to their parent companies, then when they have to pay out a large number of claims, they claim to be cash poor.

Perhaps the state needs to make sure that there are more cash reserves required to do business as a Florida insurer. United Property and Casualty had about 135,000 policies in Florida. That means they are collecting at least $150 million a year in premiums in Florida alone. It claims to have losses of more than $35 million each year since 2017. The thing is, it is owned by a larger company, United Insurance Holdings Corporation. That company was making $10 million a year in profits until 2018.

By Divemedic, ago

This Makes Me Happy

A Federal Judge in Illinois ruled that outlawing particularly dangerous weapons, high capacity magazines, and dangerous weapons accords with US history and tradition, meaning that the state of Illinois lawfully exercised their authority to control their possession, transfer, sale and manufacture by enacting a ban on commercial sales, which comports with the Second Amendment.

I love this decision because it doesn’t set court precedent, but is almost guaranteed to be overturned on appeal, which WILL have precedential meaning.

By Divemedic, ago

If you see something, keep it to yourself

A man was brought to our hospital while unresponsive. He was a possible drug overdose case. When one of the technicians was stripping his clothes off, he found a baggie containing almost 100 grams of what looked like crystal meth in the patient’s pocket. The technician turned it over to the charge nurse, who immediately called the local gendarmes.

By the time a cop arrived, the patient was awake and denied that the drugs were his. The police took photos, fingerprints, and ID from the technician and the charge nurse. According to the cops, since the the nurse and technician admitted to having possession and control of the drugs, they just admitted to felony possession of methamphetamines with intent to distribute.

Since the two voluntarily called the cops, they said that no arrest would be made on the spot, but claimed that they will be turning the information and evidence over to the State’s attorney for possible prosecution.

There is an important lesson there: Don’t fucking talk to the cops, no matter what. They aren’t your friends. They aren’t there to help you. They are there to make a case to arrest someone, and they will get the arrest that requires them to do the least amount of work they can. They get to pad their stats and look good for getting a felony collar without having to do any police work at all.

The tech told me that if there is a next time, he is flushing that shit down the toilet.

Congratulations, cops. You just pissed off an entire ED full of the doctors and nurses you depend on every day, turning them from coworkers of a sort into a department full of people that no longer like or trust cops. Even if the charges don’t stick, people remember stuff like that. Nice move, idiots.

By Divemedic, ago

We’re Now Funding Ukraine Pensions & Welfare

From Whitehouse.gov comes this quote:

You know, and it’s going to deliver much-needed humanitarian assistance as well as food, water, medicines, shelter, and other aid to Ukrainians displaced by Russia’s war, and provide aid to those seeking refuge in other countries from Ukraine.

It’s also going to help schools and hospitals open. It’s going to allow pensions and social support to be paid to the Ukrainian people so they have something — something in their pocket. It’s also going to provide critical resources to address food shortages around the globe.

Did you catch that? We are sending another billion dollars to Ukraine, so Ukraine can pay their people pensions. Ten percent for the big guy, eh? How is creating and borrowing billions of dollars so the people of Ukraine can live the retired life contribute to US national interests?

Meanwhile, in East Palestine, OH:

By Divemedic, ago

That’s a Bold Plan, Cotton. Let’s see how it works out for them.

The leftists in the Blue cities want to starve the red states out economically until we submit to their socialism and gun control. The Civil War that follows is going to be epic. Larry Correia cuts to the quick in his usual outspoken style.

Olbermann is one stupid son of a bitch.

By Divemedic, ago

I Fully Support This

In fact, I threw all of mine out just recently. It’s for the children.

By Divemedic, ago

Shouldn’t Have Been There

One of the big arguments you hear from the left about the Rittenhouse case is: Kyle is a murderer because he had no business being in Kenosha. If he had only stayed at his mom’s house, he wouldn’t have needed to defend himself.

OK, let’s play that game. I will counter that claim with one single name: Manuel Terán.

Manuel Terán was from Venezuela. He had a student visa to attend Florida State University. Instead, he decided to drop out of school to become a self described “forest defender” who would protest to protect the environment. In other words, he was in violation of the terms of his student visa, and was then an illegal immigrant. He headed up to Georgia and began camping in the woods to prevent the construction of a new police training center near Atlanta. By camping in the woods, protesters hoped to prevent the construction crews from clearing the land.

When Georgia State Police arrived to clear out the protesters, one of the officers was shot. When police returned fire, the dead body was found to be holding a handgun. Ballistic tests matched the bullet taken from the police officer to that handgun. The dead protester was identified as Manuel Terán.

His mother said that Manuel was not the type of person to shoot at police, and also claimed, “They said he had a gun. If he had one, it was for protecting himself against the animals in the forest.” Except it is illegal for him to have a gun, since he was in the country illegally.

Still, Manuel Terán has become a martyr for the cause in Atlanta. If only he had stayed where he belonged. Isn’t it funny how Kyle Rittenhouse was wrong for visiting his father in Kenosha, less than 50 miles from his mother’s home, but an illegal immigrant is celebrated for crossing a national border illegally, travelling thousands of miles, arming himself with a handgun (which the left wants outlawed), then using that handgun to shoot a police officer?

By Divemedic, ago

Facebook: Now with 100% more man tits

If your think is checking out the titties of chicks with dicks, you can check out Instagram and Facebook. They are lifting the rule against showing off naked tits, as long as those titties belong to trannies. Here is my question: If dudes who claim to be women are women, why the qualification? Aren’t all women OK to show off their snuggle puppies?

This kind of thing illustrates that the left doesn’t really believe in what they are selling. They know the difference between real and fake women.

By Divemedic, ago