Saturday, July 12, 2008

The Great Massachusetts Job Market Expansion

Nothing like a bunch of these guys to suck capital out of a state.

"Largest US insurer joins Mass. market; Auto change attracts AIG" by Jeffrey Krasner, Globe Staff | July 12, 2008

In a move that signals the state's newly deregulated auto insurance system is making the market more competitive, American International Group Inc., the nation's largest insurance company, will soon start selling auto policies in Massachusetts.

The New York-based insurer's decision to do business here is an endorsement of the new system, which went into effect in April, and indicates the Patrick administration is succeeding in attracting new companies to the state, something that has not happened in three decades.

Yeah, he's just been a rousing success (I'm not relinking complaints today. Tired of that, too).

Some industry officials said more auto insurers may decide to sell in Massachusetts after next April. By then, a rollout of a new pool for high-risk drivers will be completed, and it will become clear how that will affect profits.

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Hey, don't worry, Massachusetts resident.

If you can't land a job in the insurance biz, you can always find work flipping burgers (Boston Globe promoting as a GOOD THING)!

But people are looking for low-cost restaurants. Seventy-seven percent of all meals bought in the United States last year were at fast-food restaurants.

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Yeah, as long as they aren't like Aramark, I guess they will be fine.

And NO WONDER AmeriKa has an "obesity crisis!!!!!"

Think the UNRELENTING ADVERTISING has something to do with it?