Be not afraid of greatness

"Some are born great, some achieve greatness, and some have greatness thrust upon 'em"

Tuesday, January 27, 2009

Do You Need Pre-need?

Pre-need means something that you would pay for in advance for future use, or a future investment. The term pre-need is commonly used in the insurance businesses which includes memorial plan, pension plan, education plan, etc.

According to the latest news the pre-need industry faces collapse which may be due to the effects of western recession or mismanagement on the part of trustee banks who invest the planholders' payments. Whatever it may be, the future seems bleak for this industry.

Human as we are, we have a very hard time dealing with uncertainties. There are always risks and we have the choice to manage these ourselves or transfer these to others in exchange for a premium.

I personally am not a big fan of insurances or plans because they somehow give you a false sense of security. Added to this is the accumulating data about insurance companies who were not able to insure themselves financially. They seem to be more into insuring that they get the profits while providing a lot of coverage restrictions and hiding under bureaucracy when questioned by their customers.

How about you, what do you think?

Wednesday, January 21, 2009

Pres. Obama: Yes He Did!

Finally, after a very long U.S. presidential campaign which I only started following last January 2008, Pres. Barack H. Obama gained the keys to the White House. I was up all night surfing different channels covering the oath-taking and inaugural parade, and got into the hype which is somehow symbolic of our need for change and hoping for a brighter future despite the grim reality the world is now facing.

Enjoy these clips I compiled from this moment in history.