Credit card rates and prime rate changes explained
The article explains how credit card finance charges may not track the prime rate. It notes that most cards are variable rate tied to Treasury Bills, not the prime rate, and issuers may delay or avoid passing prime-rate cuts to consumers. Sharon Patchett and the Consumer Credit Counseling Service of Central New York provide guidance.
MENTIONED IN THIS ARTICLE
Federal Reserve
Treasury
Sharon Patchett
Consumer Credit Counseling Service
Central New York
Psychology of investing during market slumps and staying calm
Investors face fear during market downturns and benefit from sticking to a plan. Dick Roth of NetStock and Yu of underground trader.com note markets are driven by psychology. A long term approach, dollar-cost averaging, and delaying action help avoid costly sells and guide steady progress toward rebounds.
MENTIONED IN THIS ARTICLE
Dick Roth
NetStock Corp
Jea Yu
Undergroundtrader.com
Roth
NetStock
Burlington Coat Factory stock soars amid bargain push
Burlington Coat Factory stock has nearly doubled from July to a February high around 21.20 while current trading near 20. The firm, founded by Monroe Milstein and his wife in 1972, runs about 20 stores in 42 states and plans to open about 20 stores yearly with Canada expansion. Sales for the first nine months ending March 3 rose 12 percent to 1.87 billion, with Sam Store sales up 3.6 percent. The company sells coats and apparel at discounts up to 60 percent.
MENTIONED IN THIS ARTICLE
Burlingto
Stoc
Bu:lington
Thon
Monroe Milstein
Henrietta
Th Company
Burlington
Compar
Milstein
Thre
Cohoes
Penn Can
Cicero
Behir
Montgomery Ward
Canada
Stock Watch
New York
Business
Syracuse
Benefit period and health policy notes in hospital care
The article explains Medicare benefit periods for hospital and skilled nursing care, noting 90 days per period plus 60 lifetime reserve days, with a deductible due per period and no limit on periods. It also covers Vytra Health Plans acquisition by HIP Health Plan of New York, malpractice insurance program funding and a rally, and a push for FDA guidelines on direct-to-consumer ads through the Blue Cross Blue Shield Association.
MENTIONED IN THIS ARTICLE
Vytra Health Plans
Univera Healthcare
HIP Health Plan of
New York
Vytra
HIP
New
York Area
HealthCare Plan of Buffalo
Winthrop- University Hospital
Long Island
HealthCare Plan
Unvera
Syrame Ore Health Services Medical Prp
Medical Society of
State of
Blue Cross and
BlueShield Association
Food and Drug Administration
FDA
Mary Nell Lehnhard
James T. Mulder
Also Mentioned on This Page
Federal Reserves
Patchett
Burlington Coat Stock
State Medical Society
Albany
Line
Beacon Federal
Fleet Bank Key Bank
Alliance Bank
Bank of Chittenango
Fleet
Solvay Bank
nNee Geddes Federal
Fleet Bank
Oswego County Savings
Bank of Chittenange
Geddes Federal Savings
Oneida Savings
Beacon Federal Bank of Chittenango
Geddes Federal
Chase Manhattan Bank
Seneca Federal S&l
Beacon Bank
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!