Category Archives: Finance

Lessons for Industry from Boeing’s Wanton Self-Immolation

By James S. Russell in Post Alley (thanks to Ed M.) The 2018 crash of two airliners, one in Indonesia (in which 189 people died), the other in Addis Ababa, Ethiopia, which killed 157, underscore that America needs to revive … Continue reading

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ZIEGLER CLOSES $62,420,000 FINANCING FOR PARKSHORE JUANITA BAY (WA)

Thanks to Dan S. DATE: AUGUST 2024 DEAL: NEW COMMUNITY ZIEGLER’S ROLE: UNDERWRITER ZIEGLER CLOSES $62,420,000 FINANCING FOR PARKSHORE JUANITA BAY (WA) CHICAGO, IL – AUGUST 29, 2024 – Ziegler, a specialty investment bank, is pleased to announce the successful … Continue reading

Posted in Business, CCRC Info, Communication, Finance | 1 Comment

Your Will: A Plan for Care, Connection & Impact

Thanks to Mary M.   Thursday, August 22 12 – 1:00 p.m. Free Online Event sponsored by The Seattle Foundation August is National Make-A-Will Month. Whether you’ve had a will for many years or are just getting started with your estate planning process, … Continue reading

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The privatization of Medicare and Medicaid

Ed note: This is an in depth look at how a few large insurance companies are taking over control of health care (doctors, clinics, laboratories, pharmacies, etc.). It is notable that “the government will pay roughly $500 billion to insurance … Continue reading

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Charity Navigator’s review of Presbyterian Retirement Communities Northwest (aka Transforming Age)

The Charity Navigator organization rates non-profits with a variety of measurements. Transforming Age is listed as Presbyterian Retirement Communities on the Charity Navigator website and on Transforming Age’s form 990. This form contains information that most organizations claiming federal tax-exempt status … Continue reading

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New York University will divest from fossil fuels in win for student activists

From the Guardian – thanks to Pam P. New York University plans to divest from fossil fuels, the Guardian has learned, following years of pressure from student activists. The move from one of the US’s largest private universities, whose endowment … Continue reading

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Biden Plan to Cut Billions in Medicare Fraud Ignites Lobbying Frenzy

Ed note: The privatized Medicare Advantage programs are making a lot of money. It turns out that a number of the Insurers are “upcoding” the severity of illness in their enrollees in order to be able to charge more. The … Continue reading

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The Silicon Valley Back Rescue/Bailout – what does it mean?

Thanks to Frank C. Also see the Op-Ed piece by Paul Krugman in today’s NYT. It remains to be seen, how the jitters play out over the next several days.

Posted in Economics, Finance, Government | Comments Off on The Silicon Valley Back Rescue/Bailout – what does it mean?

Don’t Try to Appease Economic Terrorists

By Paul Krugman in the NYT A few days ago I received an automated text from my bank. For some reason the bank’s algorithm flagged a valid charge on my debit card as potentially questionable; the text asked me to verify … Continue reading

Posted in Economics, Finance, Government | 1 Comment

Why are Republicans telling voters they want to cut Social Security by a third?

By Alicia H. Munnell Improving benefits for the low paid is a noble goal, but all but the very wealthy need the benefits in current law. Why in the world would Republicans put out a plan to dramatically cut Social Security? … Continue reading

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Interview with Ed Thorp – the investor who spotted Madoff’s scam has some new worries

This is, my apologies, a long interview (1.5 hours) but you may find it interesting. Click here if interested.

Posted in Finance | Comments Off on Interview with Ed Thorp – the investor who spotted Madoff’s scam has some new worries

Companies doing or not doing business in Russia

Thanks to Jim S. Professor Jeffry Sonnenfeld (Yale University) has developed a list of companies who did, or continue to do business in Russia.  The list is divided into five categories, ranging from “Withdrawal” a clean break with  to “Digging … Continue reading

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Secure shopping advice

Gordon G. has sent along this link to help us shop safely on-line: Click Here to watch.

Posted in Finance, Safety | Comments Off on Secure shopping advice

Infrastructure Bill from AARP WA

Thanks to Rick B.

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Why Aren’t More People Comparison Shopping for Health Plans?

Most Medicare beneficiaries don’t compare plans during open enrollment season, and may be paying more, or accepting more restrictions, than they should. Ed note: Medicare insurance choice is impossibly confusing. If you need help, please contact https://www.shiphelp.org/ — the State … Continue reading

Posted in Finance, Health | Comments Off on Why Aren’t More People Comparison Shopping for Health Plans?

Transforming Age’s Bond Rating Analysis (stable at BB) from Fitch

Ed note: The following is published on Transforming Age’s web site. Read in detail if you’re interested in the formation and growth of of TA, Inc.; the transfer of funds from the Obligated Group to TA, Inc.; and the stability … Continue reading

Posted in CCRC Info, Finance | 1 Comment

How an Unproven Alzheimer’s Drug Got Approved

Though some of its own senior officials said there was little evidence of benefit for patients, the F.D.A. nonetheless greenlighted Biogen’s Aduhelm, or aducanumab. By Pam Belluck, Sheila Kaplan and Rebecca Robbins Updated July 20, 2021, 9:29 a.m. in the New York Times Ed note: The … Continue reading

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Three F.D.A. Advisers Resign Over Agency’s Approval of Alzheimer’s Drug

Ed Note: Would you want to take a drug which didn’t receive even one “yes” vote from the expert FDA Advisory Panel? One study showed no benefit, the second study showed marginal benefit. The side effects are significant. This drug … Continue reading

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We Ran the Treasury Department. This Is How to Fix Tax Evasion.

By Timothy F. Geithner, Jacob J. Lew, Henry M. Paulson Jr., Robert E. Rubin and Lawrence H. Summers in the NYT The authors are former U.S. Treasury secretaries. Mr. Geithner and Mr. Lew served under President Barack Obama, Mr. Paulson under President George W. Bush, and … Continue reading

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What can Bernie Madoff’s Ponzi scheme teach us?

Posted in Finance, Scams | Comments Off on What can Bernie Madoff’s Ponzi scheme teach us?

Possible sister community to Parkshore in Kirkland

Ed note: The memo below from Parkshore’s ED was forwarded to me by a friend. Now a public document, it received considerable discussion at Skyline’s meeting yesterday which left many unanswered questions. I think the hope is that our parent … Continue reading

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Please tax my capital-gains profits: Washington’s crises demand it

By Nick Hanauer – Special to The Seattle Times If you’re expecting yet another dire warning characterizing the wealth tax on capital gains making its way through Washington’s Legislature as a job killing, big government assault on freedom, you’re reading the … Continue reading

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2020 Was the Year Reaganism Died

by Paul Krugman in the NYT Maybe it was the visuals that did it. It’s hard to know what aspects of reality make it into Donald Trump’s ever-shrinking bubble — and I’m happy to say that after Jan. 20 we … Continue reading

Posted in Finance, Government | Comments Off on 2020 Was the Year Reaganism Died

Trickle down fallacy: debts, deficits and wealth distribution

From Heather Cox Richardson’s Blog One story jumped out at me today. The Hill reported that as soon as a Democrat is back in the White House, Republicans intend to retrench and be careful about how the country spends money, … Continue reading

Posted in Finance, Politics | 1 Comment

Estate planning – this Wednesday

Thanks to Barb W. ———- Forwarded message ———From: People’s Memorial <director@peoplesmemorial.org> Sponsored by King County Library System     Estate Planning with Aging Parents   How will you manage family finances and assets when your parents are unable?     … Continue reading

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