Population Statistic: Read. React. Repeat.
Tuesday, November 16, 2021

The next time I visit the Orlando area, I’ll be sure not to incur the road-rage of someone driving a pickup truck. Because chances are good that their ride came with a semi-automatic accessory:

That’s right, folks. With every truck purchase at Nations Trucks, you get a $400 voucher that can be applied to the purchase of a shiny new Kalishnikov. After passing a background check, customers can drive their trucks over to their local gun shop with the voucher and purchase one of the world’s most dangerous weapons (an AK-47) then go home and celebrate the Second Amendment, regardless of appropriate training or responsible intent.

I wonder if these vehicles come with special compartments for storing spare banana clips?

by Costa Tsiokos, Tue 11/16/2010 09:30pm
Category: Florida Livin', Society
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Recognizing the payout potential of a good piece of litigation, financial institutions are bankrolling the legal fees for third-party lawsuits, in exchange for a share of the winnings:

Most investments are in the smaller cases that fill court dockets. Ardec Funding, a New York lender backed by a hedge fund, lent $45,000 in June to a Manhattan lawyer hired by the parents of a baby brain-damaged at birth. The lawyer hired two doctors, a physical therapist and an economist to testify at a July trial. The jury ordered the delivering doctor and hospital to pay the baby $510,000. Ardec is collecting interest at an annual rate of 24 percent, or $900 a month, until the award is paid…

“If you want to use the civil justice system, you have to have money,” said Alan Zimmerman, who founded one of the first litigation finance companies in 1994, in San Francisco, now called the LawFinance Group. “If there’s less money, you’d have less litigation. But then you’d also have less justice.”

It’s a view of the American justice system as a jackpot-generating endeavor. Perhaps no riskier than any other venture capital targets in the business world. How long until the lawyers are eliminated at the capital-funneling intermediaries, and a big-board commodities market, open to direct investment, emerges? (I wish I were only kidding about that last part.)

by Costa Tsiokos, Tue 11/16/2010 08:51pm
Category: Business, Society, True Crime
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