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alstry (35.03)

Major NY Hospital To Close

Recs

12

April 07, 2010 – Comments (4)

As the Zombulator drains the cash, last phase of concentric contraction will be the shutting down of government....and government supported health care.

St. Vincent's Catholic Medical Center, the last Catholic general hospital in New York City, has voted to close its inpatient and acute care centers, effectively closing the hospital after more than 160 years.

The vote, confirmed by a hospital spokesman, came as St. Vincent's has struggled for six months with a budget deficit and has perched on the brink of bankruptcy, just a few years after emerging from an earlier bankruptcy filing. The hospital has tried for months to find a partner or new owner. A potential deal with Mt. Sinai Medical Center fell through last week.

The State of New York pumped $9 million in emergency loans so the hospital could keep running and meet its payroll, Gov. David Paterson's office said.

St. Vincent's will cease elective surgeries on April 14, the spokesman said. Officials are working with the state Department of Health on the timetable to wind down its operations, a spokesman said. The hospital said it will end behavioral health care, but continue to operate its outpatient centers for cancer care and HIV-AIDS treatment.

St. Vincent's is one of the city's oldest hospitals and was esteemed for its emergency care.

http://online.wsj.com/article/SB10001424052702303411604575168631569560638.html

GOVERNMENT IS RUNNING OUT OF CASH.................

L.A. to Shut Down City Departments in Budget Crisis; IBEW Local 18 Head: "How Taxpayers Feel Is Not Relevant"

AND OUR CITIZENS ARE GOING BROKE.....

Food Stamp Usage Hits Record 39 Million, 14th Consecutive Monthly Increase

YET THIS IS A RECOVERY AS AMERICA RUNS OUT OF MONEY.........

4 Comments – Post Your Own

#1) On April 07, 2010 at 8:52 AM, alstry (35.03) wrote:

WE HAVE A LOT MORE RETAIL SPACE TODAY THAN WE DID IN 1991......

Reis: Strip Mall Vacancy Rate Hits 10.8%, Highest since 1991

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#2) On April 07, 2010 at 9:28 AM, alstry (35.03) wrote:

THE WAR BEGINS................

Overtaxed Homeowners Start to Fight System

THE PROBLEM IS THE TAXES THEY ARE CURRENTLY PAYING IS NOT ENOUGH TO KEEP THE SYSTEM GOING!!!!!!!!!!!!!!

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#3) On April 07, 2010 at 10:22 AM, jdlech (< 20) wrote:

When too much wealth is concentrated in too few hands, there's not enough demand to sustain the economy.

 Priori: there are physical limitations on how much one person can consume.  Only so much one can eat, wear, drive, only so long one can fly around.

When only a few have money, only a few can afford to buy things.  Logically, anything relying on the economy of scale will collapse.

 And those few cannot or will not sustain government supported services once paid for by many.  Bank of America is not paying a penny in taxes this year.  And hospitals have to absorb the cost of treating people who cannot afford the services.  They used to pass on the cost to those that could.  But they found emotional limits to how much 'recompensation' people will tolerate.

 The same thing will continue happening when we force people who cannot afford health insurance to buy it. 

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#4) On April 07, 2010 at 10:30 AM, DivineMoving (< 20) wrote:

A few months ago we moved ( http://www.divinemoving.com ) a lot of tenants away from this area in anticipation of the big demolition and years of construction. I guess that a few landlords in the are very happy right now and they might get the tenants and rents that they used to get before the announced plan.

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