| Study's reaction is mixed Care providers worry over state's budget ...
MILLERSBURG -- A just-released study that found the state could save millions of dollars by paying more money to home health providers and less to nursing homes is drawing predictably mixed reactions. "A nursing facility is going to say, 'Hey, we need this money, and home health cannot take care of these people like we can.' And there are cases where that is true. But if you walk into any nursing home, you will see people who just basically need assistance with medications, but maybe for whatever reason the family is not able to do that," said Leslee Mast, superintendent at the Holmes County Home. Mast brings a unique perspective to the study by the Ohio Council for Home Care, a home health advocacy group. She's in the business of long-term care. But because the Holmes County Home is not state certified, her facility does not receive state funding.
Long-term insurance: Who needs it? When?
Do you need long-term-care insurance? AARP, senior citizen groups are trying to educate consumers before they shop Date published: 2/2/2007 p { font-family: Verdana, Helvetica, sans-serif; font-size: 9pt; text-decoration: none; color: #000000; text-align: justify; background-color: transparent } BY KELLY HANNON The average cost for a private nursing home in Virginia is $187 a day. An assisted-living facility averages $119 a day. And a private home-health aide costs about $17 an hour in Virginia. Adults flush with money at the height of their careers would have a hard time paying these bills. Senior citizens on fixed incomes find it even more difficult. As a wave of baby boomers approaches the age of needing long-term care, the cost of services is a growing national topic of conversation.
Ruth Sunderland
An unaccustomed mood of humility is in the air at HSBC Towers. The bank suffered the ignominy of having to issue its first profits warning in living memory, with bad debt write-offs in its US consumer finance division $1.8bn higher than expected. Other lenders in the US second mortgage market are suffering similar difficulties. The worrying thing for HSBC, however, is that it had too much of this risky business on its books because its usual controls were not in place. By its own admission, it was too hands-off in its management of the US operation. .
Buy-to-let ‘not to blame’ for house prices
As a result, Professor Ball said that it is not clear that house prices would have been lower without Buy to Let, as housing demand is still with us but supply is likely to have been less.
Turning to the effect of Buy to Let on tenants, Professor Ball said that it has sheltered many households from the full impact of house price rises, as renting is often a cheaper monthly-money-outgoings option.
“It enables households to build up their own equity and, although tenants do not share in capital gains directly, they do so through lower rents and lower risk. They can do this while living in good standard accommodation, as competition in the rental market is now greater. This appeals to young, mobile people in employment. Overwhelmingly these are the client base of the Buy to Let landlord."
Professor Ball pointed out that more younger people rent rather than own property compared to previous decades.
With No Pension Plan, NASCAR's First Stars Are Easily Forgotten
PAMPLICO, S.C. -- The living room of Sam Ard's brown doublewide trailer speaks to his short but successful NASCAR career. Trophies surround the fireplace and crowd its mantel. Plaques and pictures dot the living room walls. What's not there speaks to Ard's life after NASCAR, the two championship rings and a handful of grandfather clocks from Martinsville Speedway that he sold because "we was running short on cash." Unlike veterans of other sports, Ard has no pension to fall back on. As the booming stock-car series built by men such as Sam Ard heads to Daytona International Speedway this week to kick off its 59th season, NASCAR remains the only major-league sport without a pension plan. "You can drive for NASCAR, but when it's over, it's over.
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