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Saturday, November 12, 2022

November 12, 2022 - Pet insurance startups chase the market as pet ownership booms among Gen Z and millennials

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TradeBriefs Editorial

From the Editor's Desk

Seneca on True and False Friendship

“Friendship is unnecessary,” C.S. Lewis wrote, “like philosophy, like art, like the universe itself… it has no survival value; rather it is one of those things which give value to survival.” Darwinian caveats aside, the truth of this beautiful sentiment resonates deeply for anyone whose life has been enriched or even saved by the existence of a genuine friend. And yet today, as we face the commodification of the word “friend,” what do we even mean — what should we mean — by this once-sacred term, now vacated of meaning by chronic misuse?

If you consider any man a friend whom you do not trust as you trust yourself, you are mightily mistaken and you do not sufficiently understand what true friendship means… When friendship is settled, you must trust; before friendship is formed, you must pass judgment. Those persons indeed put last first and confound their duties, who … judge a man after they have made him their friend, instead of making him their friend after they have judged him. Ponder for a long time whether you shall admit a given person to your friendship; but when you have decided to admit him, welcome him with all your heart and soul. Speak as boldly with him as with yourself… Regard him as loyal and you will make him loyal.

Continued here


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Pet insurance startups chase the market as pet ownership booms among Gen Z and millennials
Pet insurance startups chase the market as pet ownership booms among Gen Z and millennials
Guy Ward Thomas, who led the deal at DN Capital, added: “We met all of the ‘neo pet-insurers’ in Europe… What set Napo apart was their focus on building a virtuous circle between educating owners, providing veterinary care and improving pet health — all leading to lower claims, lower premiums and happier customers in the long-term.”


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'Fresh Air' honors veterans with interviews with 2 men who served in WWII
'Fresh Air' honors veterans with interviews with 2 men who served in WWII
NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.


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Comedian Gallagher, Famed For Smashing Watermelons, Dead At 76
Comedian Gallagher, Famed For Smashing Watermelons, Dead At 76
Lindy West of Seattle’s “The Stranger” expressed a similar opinion in a 2011 review of one of his gigs in Washington state. West described being shocked to discover that Gallagher was “a paranoid, delusional, right-wing religious maniac” after a joke he made about former President Barack Obama’s skin tone.


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The U.S. Postal Service recorded a fiscal 2022 net profit of $56.0 billion, after a loss of $4.9 billion in the same period a year ago, due primarily to a one-time benefit of $57.0 billion recorded following the enactment of the Postal Service Reform Act (PSRA). The PSRA, enacted in April 2022, repealed the requirement that the USPS prepay future retiree health benefits and canceled all past due prefunding obligations. The controllable loss, which excludes the PSRA benefit and other nonoperating expenses, narrowed to $473 million from $1.5 billion a year ago. Revenue grew 1.9% to $78.51 billion, while volume fell 1.2% to 128.84 billion pieces. First-class mail revenue rose 3.3% despite a 3.4% drop in volume due to price increases. Shipping and packages revenue fell 2.2% and volume was down 5.3%, as the pandemic-related surge in ecommerce a year ago moderated. The segment\'s adjusted loss increased by $2.0 billion, as compensation and benefits expense increased by $1.4 billion, or 2.9%, and as highway transportation expense jumped $696 million, or 12.8%. Marketing mail revenue jumped 9.7% and volume increased 1.4%, as the segment continued to recover from pandemic-related steep volume declines. \"High inflation is presenting significant challenges to the Postal Service,\" said Chief Financial Officer Joseph Corbett. \"We are rising to meet these challenges through strategic management of our business that will allow us to continue providing high-quality service to the American public while supporting our employees and achieving long-term financial sustainability.\"


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