WARREN BUFFETT’S VIEW ON MONEY
In case you missed it in yesterday’s New York Times . . . we’re doing what we need to do, Warren Buffett says, referring to all this gargantuan deficit-spending and money-printing. But we’d better get ready to do something different as soon as we are able.
TED OLSON’S VIEW ON MARRIAGE
And also in yesterday’s Times . . . famed conservative Ted Olson, who persuaded the Supreme Court to install George W. Bush as President, now hopes to persuade the Court to allow marriage equality.
A NEW KIND OF INSURANCE
You sit for three or four hours having your own stem cells painlessly extracted . . . then watch as they’re freeze-dried, like coffee, and stored, like furs for the summer . . . and then, years later, in case you should need to grow a new limb or something, voilá!
Watch the video here. It’s “bio-insurance.”
(Full disclosure: a friend who’s advising the company sent me the link; being boyish if not rakish in my unstudied enthusiasm for such things, I bought a few shares just for the thrill.)
(Further disclosure: apparently it’s less about growing new limbs than repairing bum knees – at least for now.)
(Final disclosure: the procedure is priced at $7,500 up front plus $750 a year to stay frozen.)
One big question I had after watching the video – what advantage is there to going through this procedure before you NEED to do? How would that 52-year-old in the video have been helped if he had done this at age 30 and paid for 22 years of storage – versus just harvesting his stem cells this year, once he knew he needed them, waiting a few weeks for them to replicate?
But assuming it does make sense to bank them early, as argued in the video . . .
How about a steep family discount? Four for the price of two?
And how about an “endowment” option – say, a one-time $5,000 add-on for lifetime storage?
Which might be accompanied by some kind of insurance policy from Berkshire Hathaway guaranteeing a $50,000 pay-out if your deposit should ever be lost by virtue of a meltdown.
And of course the most obvious suggestion of all (drum roll please): while we’re freezing things and providing genetic insurance – shouldn’t we toss in free spermcryogenics? Give our customers something fun to do during those 3-4 hours?
Which reminds me:
WORKING YOUR WAY THROUGH COLLEGE
Quote of the Day
It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics, because discrimination, poverty and ignorance restrict growth, while investments in education, infrastructure and scientific and technological research increase it, creating more good jobs and new wealth for all of us.~Bill Clinton
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