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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Aug 14, 2000
Page
15
Consumer debt column outlines what debts collectors may and may not do under the FDCPA. It covers harassment, contacting neighbors, stopping communications with written requests, and required disclosures within five days of initial contact. It also lists remedies and official contacts for violations.
The article analyzes Emeritus Assisted Living, a major operator with 181 facilities, facing continuing losses after rapid expansion. Despite favorable demographics and higher senior net worth, stock trades around $3, with high start up costs and occupancy challenges cited. Analysts expect profitability in 2001 if operations improve.
Emeritus Assisted Living posted 2000 first quarter revenue of 305 million with a 10.8 percent drop from 1999. The annual report notes rising two income households and greater geographic separation of seniors from adult children, reducing traditional family care support.
A MyVesta pamphlet offers options for people with HIV or AIDS facing financial trouble. It covers income sources like Social Security disability, Medicare or Medicaid, food stamps, and debt relief with creditors, plus guidance on managing work and benefits during recovery.
Malcolm Berko notes JDSU will issue 360 million new shares to fund the SDL purchase, boosting float 42 percent and diluting earnings as shares rise from 850 million to 1.2 billion. He warns of continued losses due to five year amortization exceeding $8 billion annually and questions the deal’s economic logic while urging caution and further research.
Joe Ortolano of the Syracuse Veterans Service Center cautions veterans to keep Medicare Part B, noting its reach beyond VA facilities and the need for health coverage in emergencies. The article also reports NY state awarding 5 million in rural hospital grants, with 1.5 million to Central and Northern New York to reduce duplication and improve efficiency.
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