Wednesday, December 10, 2008

Doctors call emergency care ‘national disgrace’

90 percent of states get poor, near-failing grades in nationwide report card

The nation’s emergency care system is “a ticking time bomb,” with demand far outstripping the capacity of hospital emergency departments already crippled by a widespread shortage of doctors and nurses, according to a national report on the state of emergency medicine.

The annual report card by the American College of Emergency Physicians gave the nation a D- grade for Americans’ access to emergency care, saying the emergency care system was “fraught with significant challenges and under more stress than ever before.”

That stress is likely to worsen as the weakening economy forces public officials and health administrators to cut back even further on costs, the report said.

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Thursday, December 4, 2008

Retailers saw sales drop in dreary November

Wal-Mart was among few bright spots, said its sales beat estimates

NEW YORK - Retailers — with Wal-Mart the notable exception — limped through a miserable November that even a surge of shopping after Thanksgiving couldn’t save, marking the weakest month since at least 1969 and deepening fears that the critical holiday period could be the most dismal in decades.

As merchants announced their November sales figures Thursday, the deep malaise cut across all sectors as shoppers worried about layoffs and shrinking retirement funds focus on necessities. Wal-Mart Stores Inc., though, posted sales gains that surpassed Wall Street estimates and has seen more customers and higher average transactions as it benefits from what could be a deep and prolonged recession.

However, Costco Wholesale Corp., usually a strong performer, reported a bigger-than expected sales decline. And most mall-based chains and department stores such as teen stalwart Abercrombie & Fitch Co., Kohl’s Corp. and Macy’s Inc. fared much worse, reporting percentage declines of over 10 percent.

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2 teen girls charged in nursing resident abuse

They allegedly taunted, spat on, groped residents with dementia disorders

ALBERT LEA, Minn. - Two teenage girls who worked at a nursing home have been charged with abuse, accused of taunting, spitting on and groping the breasts and genitals of residents who suffered from Alzheimer's disease and other dementia disorders.

According to the criminal complaint, filed Monday, 19-year-old Brianna Broitzman and 18-year-old Ashton Larson laughed earlier this year as they spat in residents' mouths, poked and grabbed them, and at times mocked them until they screamed.

Broitzman and Larson, who worked as part-time aides at the home, have been charged as adults.

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Monday, November 24, 2008

Obama warns economy likely to get worse

President-elect unveils economic team with Geithner as treasury secretary

CHICAGO - President-elect Barack Obama on Monday unveiled his economic team and warned that "the economy is likely to get worse before it gets better."

"I've sought leaders who could offer both sound judgment and fresh thinking, both a depth of experience and a wealth of bold new ideas — and most of all, who share my fundamental belief that we cannot have a thriving Wall Street while Main Street suffers," Obama told reporters.

Obama said that recent news "has made it even more clear that we are facing an economic crisis of historic proportions." Offering a grim prediction, he added, that "most experts now believe that we could lose millions of jobs next year."

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Friday, November 21, 2008

Obama makes key Cabinet picks

WASHINGTON - Just over two weeks after Barack Obama won the presidential election, his new Cabinet and economic team are starting to take shape.

Several key appointments, including State and Treasury Department secretaries, appear to be nearly done deals, with Democratic officials confirming Obama's intended nominees.

Hillary Clinton will give up her Senate seat and accept the nomination for secretary of state, The New York Times reported Friday.

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Tuesday, November 11, 2008

U.S. launches new mortgage aid program

Plan speeds up process of modifying loans held by Fannie, Freddie

NEW YORK - The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

The Federal Housing Finance Agency, which seized control of the two mortgage finance companies in September, announced the plan Tuesday along with other government and industry officials, including Hope Now, an alliance of mortgage companies organized by the Bush administration last year.

"Foreclosures hurt families, their neighbors, whole communities and the overall housing market," said James Lockhart, the housing finance agency's director. "We need to stop this downward spiral."

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Friday, November 7, 2008

Employers slashed 240,000 jobs in October

Nation’s unemployment rate jumps to a 14-year high of 6.5 percent

WASHINGTON - The nation’s unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, far worse than economists expected and stark proof the economy is deteriorating at an alarmingly rapid pace.

The new snapshot, released Friday by the Labor Department, showed the crucial jobs market quickly eroding. The jobless rate zoomed to 6.5 percent in October from 6.1 percent in September, matching the rate in March 1994.

Unemployment has now surpassed the high seen after the last recession in 2001. The jobless rate peaked at 6.3 percent in June 2003.

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Posted by Personal Injury Lawyers in Phoenix, Arizona