Hurricane Harvey

Discussion in 'In the News' started by Yvonne Smith, Aug 24, 2017.

  1. Ken Anderson

    Ken Anderson Veteran Member
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    What happens to gasoline prices when the oil supply is down? How about gold or diamonds? If everyone were able to pick diamonds and gold up off the ground while walking along the sidewalk, would people be paying the prices they pay for gold and diamonds? When the supply is low and the demand is high, it stands to reason that the costs should rise.
     
    #126
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  2. Babs Hunt

    Babs Hunt Veteran Member
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    From what I understand in this kind of crisis they can't rip you off on the gasoline prices either since the oil supply really isn't down.
     
    #127
  3. Ken Anderson

    Ken Anderson Veteran Member
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    From the pictures I have seen, not too many people have been driving and I doubt the gas stations are even open. Do you know what happens when government regulations don't allow a business to make a profit? If you've never owned a business, you might think it would be very nice if everyone gave everything away. But that's not very efficient. When there is an egg shortage, I expect to pay more for eggs in the grocery store.
     
    #128
  4. Babs Hunt

    Babs Hunt Veteran Member
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    I will never agree with that kind of reasoning Ken. You don't rip people off during a time of crisis.
     
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  5. Ken Anderson

    Ken Anderson Veteran Member
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    The next time there's a drought and they want to charge me more for produce at the store, I'll explain that to them, that it's not nice of them to charge me more simply because the supply is low and the demand is high. I don't think that'll work though. No, instead they'll give me that nonsense about free markets, supply and demand, and the importance of profits in business.
     
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    Last edited: Aug 30, 2017
  6. Patsy Faye

    Patsy Faye Veteran Member
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    Just caught up with this crisis and its so very sad to hear and see the images
    So sorry for everyone caught up in this :(
     
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  7. Babs Hunt

    Babs Hunt Veteran Member
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    Ina, your Home Owner's Insurance reps could answer that question for you.
     
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  8. Babs Hunt

    Babs Hunt Veteran Member
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    The shortages in this situation are because the stores cannot get their deliveries because of the flood waters. Not because there is a shortage of water or oil.
     
    #133
  9. Ruby Begonia

    Ruby Begonia Very Well-Known Member
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    I hope people realize that commercial homeowner's insurance does not cover flood! People can purchase flood insurance from the government. Many or most commercial homeowner's insurance companies will administrate flood insurance for the government, ie- do the billing and process payments.

    Flood coverage is not automatically included in the personal homeowners policy. You need to ask for a separate policy. Agents for people that live in flood zones should advise them from the beginning.

    @Ina I. Wonder I'm glad you are safe!
     
    #134
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  10. Ina I. Wonder

    Ina I. Wonder Very Well-Known Member
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    @Ken Anderson , I think that the overall reasoning is that at the time of disaster, whatever price you paid for whatever commodity before the happening, can not be raised until you as a business purchaser purchase more supplies at a higher cost to your company once prices goes up after the happening.
     
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  11. Ken Anderson

    Ken Anderson Veteran Member
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    I understand that perfectly well, but it is a form of socialism, and it doesn't work any more in a crisis than it does long-term. In a free market society, businesses are restrained from price gouging because people would no longer shop there after the crisis is over, so they'd have to choose between a short-term profit and long-term sustainability of their business. Most would do the right thing, and if they were able to charge more when the availability was low (regardless of the reason), they'd be more likely to stock up for such an emergency. Many of them would go out of their way to help out during a crisis because of the good will this would build up among their long-term customers.
     
    #136
  12. Joe Riley

    Joe Riley Veteran Member
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    Amen!
     
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  13. Shirley Martin

    Shirley Martin Veteran Member
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    I'm still having doubts about that nursing home picture. Something about it just doesn't ring true to me.
     
    #138
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  14. Ruby Begonia

    Ruby Begonia Very Well-Known Member
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    I agree Shirley. The knitting would have been a sodden mass and she would not be continuing with it. It looks photo-shopped to me. All their upper clothing would have been a lot wetter.

    That's all.
     
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  15. Gary Ridenour

    Gary Ridenour Very Well-Known Member
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    #140
    Last edited: Aug 30, 2017
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  16. Ina I. Wonder

    Ina I. Wonder Very Well-Known Member
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    Sad to say, but it truly is a real picture. The nursing home was in Dickinson, Texas, which is slightly NW of Galveston, so they were very close to the coast. They were flooded very rapidly, and the staff were not at all prepared.

    Even Houston's mayor made a point to question the validity of the photograph, and he announced it to be a true happening on live TV.
     
    #141
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  17. Harry Havens

    Harry Havens Well-Known Member
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    Here is a website that may answer some of your questions. https://www.fema.gov/national-flood-insurance-program#
    This is probably the appropriate page you were referring to... https://www.fema.gov/nfip-file-your-claim#
    Click on the steps for more information...
    upload_2017-8-30_23-5-34.png

    This is a FEMA website and they administer the national flood insurance program, but through your insurance company. So always start with your insurance company. You pay them to represent you. Make them earn their pay.

    Also, kudos to you for requesting flood insurance be included along with your regular homeowners policy. I requested flood and earthquake insurance and every other thing I could come up with. I live well above any flood plains and there hasn't been a major earthquake in 200+ years.
     
    #142
    Last edited: Aug 30, 2017
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  18. Harry Havens

    Harry Havens Well-Known Member
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    @Ina I. Wonder, don't forget to check those floor joists. If it got within 2" of your door and doors are generally at the same height of floors, then something has to support that floor. Good Luck!
     
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  19. Joe Riley

    Joe Riley Veteran Member
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    Ina, don't forget to get as much rest as you can. You will need your strength for the new day.;) Am praying!
     
    #144
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  20. Gloria Mitchell

    Gloria Mitchell Very Well-Known Member
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    All of this .... is just so sad. Am beyond words anymore:(
     
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  21. Cody Fousnaugh

    Cody Fousnaugh Very Well-Known Member
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    First of all, our gas prices have gone up by at least 5 cents here. Noticed it on Tuesday.

    Second, The Today Show, Good Morning American and others are now talking about scammers. I figured soon or later they would show up. I have a name for these folks, but it's way to naughty for the forum.

    From working part of my career in Purchasing and Inventory Control Management, I think Ken is completely right about "supply and demand". Just the way it will be.
     
    #146
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  22. Gary Ridenour

    Gary Ridenour Very Well-Known Member
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    you're right of course Cody. and not unexpected. the cons move in

    However, while many citizens heard the call for help, others tried to profit from the tragedy through scams, price gouging and fraud. The Texas Attorney General’s Office said it received about 600 complaints as of Tuesday, adding the "number is rising," according to the San Antonio Express. Officials warned about fake fundraisers being shared and urged people to only donate to established organizations. they help move people out of they're homes then rob it

    http://www.foxnews.com/us/2017/08/3...ep-up-to-help-others-during-deadly-storm.html
     
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  23. Gloria Mitchell

    Gloria Mitchell Very Well-Known Member
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    20170831_111730_HDR-1.jpg
     

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  24. Gloria Mitchell

    Gloria Mitchell Very Well-Known Member
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    The above picture is just one place where i live to get gas this morning:(
     
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  25. Gary Ridenour

    Gary Ridenour Very Well-Known Member
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    is it under water now??
     
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