Friday, November 11, 2016
A fortunate Mustang Club tours the private museum of Mustang styling chief, 1964-73, Gale Halderman
It’s was Halderman’s sketch that formed the basis for the Mustang’s overall design, and he later was given the role of skillfully guiding the Mustang from clay-model dream to a realistic, fully producible car.
Halderman later received the Industrial Design Society’s Design Award for his work on the 1965 Mustang, and served as styling chief for the Mustang for eight more years. Mustang design advances under his leadership are said to include the ’67 SportsRoof and the ’71 Notchback and full Fastback designs.
http://performance.ford.com/enthusiasts/newsroom/2016/11/club-tours-_halderman-museum--original-mustang-designers-barn.html
State Farm Insurance in California just got greedy, and was scorched by the state insurance commissioner
California Insurance Commissioner Dave Jones determined that rates charged by State Farm were excessive.
State Farm requested a rate increase of 6.9 percent, giving the commish the open door to check out their numbers... and WHAM!
On Tuesday the commish issued a decision requiring State Farm Insurance Co. to reduce
its dwelling insurance rates by an average of 7.0 percent,
its homeowner insurance rate by an average of 5.37 percent,
its renter insurance rate by an average of 20.39 percent,
and its condominium insurance rate by an average of 13.81 percent.
Resulting is $78.6 million in annual savings for California policyholders.
California Insurance Commissioner Dave Jones has ordered State Farm to refund homeowners insurance policyholders $104 million and reduce rates going forward. 1.7 million policyholders will receive refund checks.
http://www.insurancejournal.com/news/west/2016/11/08/431859.htm
http://insurancenewsnet.com/oarticle/state-farm-ordered-to-refund-california-homeowners-104-million
The Consumer Federation of California intervened in the proceeding under Proposition 103, a 1988 initiative that ended price gouging by insurance companies. The voter-enacted law forces insurers to justify raise increases and allows customers and consumer groups to formally challenge proposed rate hikes.
State Farm requested a rate increase of 6.9 percent, giving the commish the open door to check out their numbers... and WHAM!
On Tuesday the commish issued a decision requiring State Farm Insurance Co. to reduce
its dwelling insurance rates by an average of 7.0 percent,
its homeowner insurance rate by an average of 5.37 percent,
its renter insurance rate by an average of 20.39 percent,
and its condominium insurance rate by an average of 13.81 percent.
Resulting is $78.6 million in annual savings for California policyholders.
California Insurance Commissioner Dave Jones has ordered State Farm to refund homeowners insurance policyholders $104 million and reduce rates going forward. 1.7 million policyholders will receive refund checks.
http://www.insurancejournal.com/news/west/2016/11/08/431859.htm
http://insurancenewsnet.com/oarticle/state-farm-ordered-to-refund-california-homeowners-104-million
The Consumer Federation of California intervened in the proceeding under Proposition 103, a 1988 initiative that ended price gouging by insurance companies. The voter-enacted law forces insurers to justify raise increases and allows customers and consumer groups to formally challenge proposed rate hikes.
Uber and Lyft are having some unexpected effects, we knew taxis would take a hit, but who thought about the rental car companies? Hertz just lost 50% of stock value
The car rental company's stock tanked over 50% Tuesday morning after it cut its forecast for future growth and reported weak earnings Monday night.
It was the stock's worst performance since the financial crisis in 2008. And even though it pared back some of the losses by midday Tuesday, the stock was still down over 30%.
http://money.cnn.com/2016/11/08/investing/hertz-stock-earnings/index.html
However, Carl Icahn decided to buy the dip and more than double his stake in the company on Tuesday. The octogenarian now owns 33.8% of Hertz, up from a previous stake of about 15.6%.
Shares of Hertz ultimately ended 23% lower
Hertz Global Holdings, whose rental car brands include Dollar and Thrifty, has been negatively impacted by weakness in the rental car industry, and factory recalls throughout all brands
http://www.forbes.com/sites/laurengensler/2016/11/08/hertzs-stock-halved-after-a-terrible-quarter-slashed-outlook/#6f9459e7280e
It was the stock's worst performance since the financial crisis in 2008. And even though it pared back some of the losses by midday Tuesday, the stock was still down over 30%.
http://money.cnn.com/2016/11/08/investing/hertz-stock-earnings/index.html
However, Carl Icahn decided to buy the dip and more than double his stake in the company on Tuesday. The octogenarian now owns 33.8% of Hertz, up from a previous stake of about 15.6%.
Shares of Hertz ultimately ended 23% lower
Hertz Global Holdings, whose rental car brands include Dollar and Thrifty, has been negatively impacted by weakness in the rental car industry, and factory recalls throughout all brands
http://www.forbes.com/sites/laurengensler/2016/11/08/hertzs-stock-halved-after-a-terrible-quarter-slashed-outlook/#6f9459e7280e
One of the few remaining junkyards was finally accessed by a photographer just before the widow had it all crushed
from the late 50s through the 70s, all these vehicles seem to be from the era when it was cheaper to replace than repair an engine or transmission, or drunk driver crash.
http://www.hotrod.com/articles/time-warp-looking-back-junkyard-no-longer/
Thursday, November 10, 2016
Arlen Ness created this about a decade ago, but it's the 1st I've seen or heard of "Mach Ness"
Arlen Ness made this powered by a gas-turbine helicopter engine, when he saw Jay Leno’s turbine motorcycle but didn’t like the $250,000 price tag, so he built his own.
The bodywork is made entirely hand shaped aluminum of course. The design, concept, paint, and graphics were created by Carl Brouhard and the hand-made aluminum body work was by Bob Monroe. https://en.wikipedia.org/wiki/Arlen_Ness
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