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alstry (36.04)

A Dose Of More Reality.....and getting worse in 2010

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January 12, 2010 – Comments (8)

Private Equity Fundraising Down 68% in 2009

Venture Capital Funding Down 47% in 2009

NYC Office Space For Rent Increases 38%

As investment and revenues decline....it becomes harder and harder for business, families, cities, counties, states, hospitals, schools, and universities to meet expenses.

Revenues decline when banks stop lending in a credit dependent economy......and now revenues are declining dramatically as banks continue to cut back lending.

BLS: Near Record Low Job Openings in November

Interesting times when Wall Street and Government are the only one with access to free taxpayer credit while the taxpayer gets cut off.

8 Comments – Post Your Own

#1) On January 12, 2010 at 5:06 PM, alstry (36.04) wrote:

IF THIS TREND CONTINUES....WE WILL HAVE VERY FEW HOSPITALS LEFT IN AMERICA.

CINCINNATI - Deaconess Hospital is closing the doors of its emergency room.

The hospital in University Heights is restructuring and will focus on outpatient care, mental health and long-term care facilities.

About 80 employees will lose their jobs in the restructuring.  The layoffs will begin at the end of this month.

Officials say the hospital has been losing money for the past few years.  Administrators had hoped for an out-of-town buyer, but that buyer backed out last fall.

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#2) On January 12, 2010 at 5:36 PM, miteycasey (31.88) wrote:

 Officials say the hospital has been losing money for the past few years.

poorly run companies should close their doors.

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#3) On January 12, 2010 at 5:45 PM, alstry (36.04) wrote:

For a variety of reasons, revenues to practically every hospital in America is declining.....this can be confirmed by talking to your local hospital administrator.

Many hospitals levered up and expanded over the past few years......the cost structure is becoming more and more difficult to sustain in light of the new lower credit environment.

The problem with shutting down hospitals, although might be a reasonable business decision, if you shut down too many, people die.

If we viewed defense/miltary as a for profit endeavor, we wouldn't fight too many wars.

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#4) On January 12, 2010 at 5:50 PM, alstry (36.04) wrote:

When a population becomes indifferent to its laws....pretty soon it becomes a lawless society.

How The Hell Is This Legal? (Front-Running)

This is flatly unbelievable.

A senior Goldman Sachs executive sent an e-mail message to clients on Tuesday disclosing that the firm’s Fundamental Strategies Group might have shared investment ideas with the firm’s proprietary trading group or some clients before sharing them with others.

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#5) On January 12, 2010 at 6:03 PM, alstry (36.04) wrote:

WHEN A SOCIETY IS INDIFFERENT TO ITS SEVERE CONDITION....EVENTUALLY THE CONDITION TAKES OVER.

PHOENIX - The economy and a lack of cash has led the City of Surprise to cut 17 positions. Ten people were laid off Monday and seven positions were left vacant.

In a message to city workers, Surprise City Manager Randy Oliver said the fiscal challenges facing the city are 'severe.'

GUESS WHAT......IT IS NOT JUST SURPRISE!!!!!!

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#6) On January 12, 2010 at 6:15 PM, alstry (36.04) wrote:

WHEN A SOCIETY DOESN'T APPRECIATE IT ITS FINANCIAL CONDITION....THE MONEY SIMPLY RUNS OUT.

Portrait company Kiddie Kandids closes 184 studios

Children's portrait studio chain Kiddie Kandids has closed its 184 locations across the U.S. and says it plans to file for Chapter 7 liquidation in bankruptcy court. The Sandy, Utah-based company said in a statement on its Web site this week that it ceased operations after banks cut off funding. The company's statement says business has been "particularly challenged by the economic climate over the past 18 months." CEO Dale Merrill says the company couldn't meet its "imminent financial obligations" and had exhausted all avenues for funding....

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#7) On January 12, 2010 at 6:56 PM, sirwanksalot (< 20) wrote:

I am concerned that the bear will resume his run downward.

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#8) On January 12, 2010 at 7:06 PM, alstry (36.04) wrote:

At this point, I have no idea what the bear will do until someone turns off the HFT computers.

In the meantime, as the stress inevitably rises with massive layoffs, wage cuts, higher expenses and historically few job openings.....I am more concerned how the nation holds together.

KENNESAW, Ga. -- A police spokesman said two people were killed and three others were injured after a disgruntled former employee opened fire at a suburban Atlanta business.

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