Giving Up Your Car. Is It Worth It in the Long Run?

It’s no surprise to anyone that Baltimore’s traffic has been found to be amongst the worst in the whole country. According to a new study, Baltimore ranks 19th in the country for worst traffic. Any of us who have wasted a decent chunk of our lives in that traffic could have probably guessed it was that bad. If anything, we would have ranked it higher. How bad is it elsewhere in the country if Baltimore is only 19th?

It’s got me thinking that I need to reexamine my transportation options. I’m not often in Baltimore anymore, but I get sick of the traffic in Providence as well. But what am I to do? I’ve narrowed my options down to these:

  1. Walk everywhere – I could just buy a good pair of kicks and start walking. The public transportation isn’t so bad around where I live. I could probably get by with a bus pass. On the plus side, I’d get healthier. Less time sitting, more time walking. And I like walking around the city. On the negative side, though, the bus and walking takes longer, and I’d still have the traffic to deal with. Plus, the bus pass cost and the cost for tickets anytime I do want to go to Baltimore or elsewhere. It just seems like a pain.
  1. Get a bike – A little faster than option number 1, and another great way to get in shape, but the negatives are obvious. First, it’s more dangerous. Not every driver is very bike aware of bike friendly. I’d also have to deal with all the smog coming out of the buses and cars I’m not driving. And then there’s winter. How much biking would I actually do in the winter? I can’t see myself bundling up in five layers to make the trip to work every day. Really, I think this is the worst option, but I’m including it for completeness’ sake.
  1. Get a REAL bike – I like this idea. A motorcycle would allow me to move through traffic quickly. It’d be faster than a bike or walking/busses, and it’d be cool. Besides, I’d be able to go to Baltimore or anywhere really without needing to get tickets. I’ve always dreamed of having a motorcycle and taking trips during the summer. But that’s the summer. We’d still have the winter to deal with. And even if I could somehow get through that season, motorcycles pretty dangerous. I’m not the bravest person, and when I look at the statistics and the list of potential injuries that I found on the Law Offices of Ronald J. Resmini LTD. website, I just don’t know if I have it in me to actually sell the car and make such a drastic change.

So, I probably won’t do anything. I’ll keep the car, and I’ll survive the traffic. Maybe I ought to consider something a little less drastic to stop stressing about the slow commute. I could start listening to audiobooks, say, or look for some other kind of handsfree activity to make the time pass more easily. Still, when I think about that dream Harley…Maybe next year.

Junk Bonds: Advantages and Disadvantages

Investing comes with risk, but sometimes, that risk is just a necessary hurdle for significant financial gains. One of the best examples to illustrate this is junk bonds. Junk bonds are high-risk and high-return corporate bonds. They are usually categorized as non-investment grade because of various reasons, such as the following:

  • The company that owns the bonds is not financially stable
  • The company may not be able to sustain payments if business and economic conditions falter
  • The company is alarmingly vulnerable to opposing conditions

Advantages

Like other commodities, junk bonds have advantages and disadvantages. The most obvious advantage is the fact that they can yield high returns. Of course, it is important to note that to get those high returns, investors should be aware that they have to overcome the high risks as well. But when they do, they are sure to get significantly higher points compared to other commodities.

Second, the value of the bond has a chance to spike up, especially if the company has improved its credit rating. This is particularly true for companies who have suffered from unfair credit ratings from the past, because you can feel the spike even more.

Third, it can also be argued to be better than stocks when it comes to high-risk investments. This is because bondholders are paid first before stockholders, so you can still get something back if the company goes down the drain.

Disadvantages

The most obvious disadvantage of junk bonds is the fact that it is high risk, in the sense that you can actually lose money especially when there is a default. Another disadvantage is related to the credit advantage mentioned earlier, because credits go both ways. If the credit rating of the company deteriorates, so is the value of the bond. This idea can also be applied on interest rates, in the sense that a rise in the interest rate results into the fall of bond value.

So many people have lost money because of junk bonds because of these disadvantages. According to the website of Erez Law, brokerage firms and financial advisors may be held liable for this, especially if the investment has been discovered to be unsuitable for the investor’s status.

 

Despite the BAC Limits and the Anti-Drunk Driving Law, many Truck Drivers still Drive while Intoxicated or Alcohol-Impaired

Despite the BAC Limits and the Anti-Drunk Driving Law, many Truck Drivers still Drive while Intoxicated or Alcohol-Impaired

Use of alcohol and drugs by truck drivers, according to the National Transportation Safety Board (NTSB), remains to be the second most common cause of accidents involving big rigs (also called 18-wheelers, semi-trailers or trailer-trucks). With the enormous size of these vehicles, an impaired truck driver behind the wheel completes the threat of possible accident that may easily result to severe injuries or death (impaired-driving may be due to alcohol intoxication or due to the effect of illegal drugs or legal drugs, such as over-the-counter or prescription medicine).

Operating Class 8 trucks, which include big rigs and other commercial vehicles with a gross vehicle weight rating (GWVR) above 33000 lb., requires that the driver has a commercial driver’s license, possesses the necessary skills in the safe operation of a truck, is not feeling fatigued or sleepy, and is not impaired or intoxicated.

To ensure that the last requirement is met, the government has set 0.04% as the legal blood alcohol concentration limit for drivers of 18-wheeler trucks. A driving under the influence (DUI) charge and heavy punishments await those who will be caught with this BAC limit while driving. While those caught with 0.02% BAC level may not be charged with a DUI offense, they, nonetheless, can be issued a 24-hour driving suspension. These limits are only for drivers who will be discovered to have said BAC levels while operating a truck; those who are off-duty, but registers a 0.08% BAC may still incur a DUI charge.

Despite the BAC limits and the anti-drunk driving laws, data show that prior to crashes, many drivers were, indeed, intoxicated or alcohol-impaired. This is because many drivers consume a bottle or two during stopovers, while sharing stories with other truck drivers; some also choose to bring along extra bottles which will keep them company during the long, tiring and lonely long drives between counties.

For drivers of big rigs, staying sober while on duty is a legal responsibility. It has been explained, time and again, that alcohol- impairment can lessen one’s ability to safely operate a vehicle, much more a big rig. The risk of injury and death, especially to drivers and passengers of smaller vehicles, is the reason why drunk-driving has been made illegal. According to the National Highway Traffic Safety Administration (NHTSA), about 5,000 small vehicle occupants die every year in accidents where trucks are involved; number of deaths among truck drivers, on the other hand, number to about 700.

According to the law firm Russo, Russo & Slania, P.C., “Commercial trucks are some of the largest vehicles on the road, and as a result, they can pose a serious threat to other motorists. Truck accidents are often far more significant in terms of impact than other types of car accidents, due to their size and weight, and the possibility of serious injury or even death resulting from these types of accidents is typically much higher than normal.

Truck accident victims are often left in a difficult situation, trying to recover from a serious injury while coping with costly medical bills and lost income. Fortunately, compensation may be available in these situations.”

To be able to claim this compensation, however, a victim of a truck accident will need undeniable proof and strong argument that it was indeed the truck driver who was at fault in the accident. A seasoned personal injury or truck accident lawyer may be able to help the victim on these aspects for a higher chance of claiming the compensation he/she will need for his/her medical treatment and other losses. This is because proving liability, specifically proving that the truck driver is at fault will not be a simple task. Due to this, a civil lawsuit, even with evidence showing the truck driver’s liability, may still turn out to be a very challenging task.

When Cars, Bikes, And Pedestrians Collide

For health and fitness buffs, one of the best forms of exercise is biking and walking. One cannot deny the positive effect of riding a bike and taking a walk on the health of an individual. But all that healthy lifestyle can disappear if a reckless driver gets into the picture and collides with the bike or the pedestrian. A Georgetown car accident lawyer is aware of the various expenses that may come to the way of the victims.

When the pedestrian or bike gets into a close encounter with a car, the most at risk are the biker and the pedestrian. In situations like these, determining who is liable for the accident will depend on various circumstances. There may be different causes of these accidents and here are some of them:

  • The driver’s failure to see the bicycle
  • A right turning car that did not take into consideration the presence of the biker or pedestrian
  • Driving while intoxicated
  • Unwillingness to share the road with bicycles
  • Not making the proper adjustments for inclement weather

A bicycle is considered as a vehicle and hence is governed y road rules. In the determination of liability, the main issue that will serve as the deciding factor is the right of way. When there is no traffic signal, the vehicle that arrived first has the right of way. If the vehicles arrived simultaneously, the car on the right has the right of way. If there are traffic signals, it will determine who has the right of way. If the bicycle is not detected y the sensors of the traffic signal, it is up to them to place their bikes near their sensors.

Other determining factors in the filing of a lawsuit will also be determined by the type of intersection and whether the car is turning or going straight.

4 Mindsets That Cause Construction Site Accidents

Construction sites are one of the most hazardous places to work in. Exposed wires, falling debris, slippery surfaces, and others can subject a construction worker to injuries or even deaths. According to the website of Karlin, Fleisher & Falkenberg, LLC, construction site accidents can be mitigated by adhering to safety regulations and implementing safe working practices. Construction accidents can be fatal that the employee could even lose his working ability.

However, there are instances when construction accidents are not caused by these hazards or the negligence of employers but due to wrong mindset. When an employee reports for work without the proper attitude, chances are they are opening themselves to injuries. Here are examples of four mindsets that result to construction accidents:

1. Rushing

Construction workers are pressured to accomplish their tasks in the quickest time possible so they can proceed with the next task or finish ahead of time. When a construction worker rushes things, it reduces the quality of workmanship and chances are they will not follow the correct safety guidelines. Construction sites need to adopt a safety first policy even if it means not finishing the task on time.

2. Frustration

There are many factors in the construction site that can make workers frustrated. Poor procedures, bad communication, low salary, and personal problems, and others can contribute to construction accidents. It is then up to the employer to turn their frustrations into something positive.

3. Fatigue

Fatigue plays a huge part in construction accidents and injuries. Again, this has something to do with meeting work deadlines. In order to finish their work on time or even ahead of it, workers would be working long hours and then report for work without sufficient rest or overworked. Employers should set realistic deadlines and achievable goals for their employees.

4. Complacency

Employees have the wrong notion that because they already have gained the experience with the work, they will not be subjected to injuries or accidents. This kind of mindset will give the employee a false sense of security.
A professional and well-trained employee should always carry the proper mindset when working in the construction site. This way, they can keep themselves free from accidents and injuries.

« Previous Entries