Cuts for Pensioners and Bondholders in Detroit
The Detroit bankruptcy plan blueprint was filed this week. The plan shows significant cuts for pensioners and bondholders. The plan shows Detroit exiting bankruptcy this year.
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Read more from LA Times:
Detroit hopes to emerge from bankruptcy this year in part by significantly cutting city workers’ pensions and payments to bondholders, according to a blueprint filed Friday to restructure the city’s $18-billion debt.
Detroit is to invest $1.5 billion over a decade to provide basic services, attract new residents and businesses, reduce crime and demolish blighted properties, according to a statement explaining the plan for the largest municipal bankruptcy in U.S. history. Continue reading…
Detroit Bankruptcy Appeal
Major creditors and pensioners have filed an appeal to the Detroit bankruptcy. The 6th US Circuit Court of Appeals will hear the case. The bankruptcy will proceed as the appeal is heard.
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Read more from USA Today:
The 6th U.S. Circuit Court of Appeals has agreed to hear an appeal to Detroit’s eligibility for Chapter 9 bankruptcy.
The Cincinnati-based court Friday agreed to accept a direct appeal, which means the case will bypass the U.S. District Court Eastern District of Michigan. The move could mark the case’s first step on the way to the U.S. Supreme Court. Several major creditors, including the city’s largest union — Michigan Council 25 of the American Federation of State, County and Municipal Employees — and the city’s two pension funds, filed appeals challenging Judge Steven Rhodes’ December order allowing the case to proceed. Continue reading…
Energy Future Holdings Corp Prepares for Bankruptcy
Energy Future Holdings Corp. is preparing for bankruptcy. The company has gotten loans to keep subsidiaries running during the bankruptcy. It is still possible that the company could reach an agreement with creditors to rework the debt.
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Read more from Wall Street Journal:
One of the biggest leveraged buyouts of an American company is preparing to file for bankruptcy protection, brought to its knees by heavy debt and a misguided bet on the direction of natural gas prices.
Energy Future Holdings Corp., previously called TXU Corp., is lining up loans to keep two subsidiaries operating during bankruptcy proceedings after months of talks have failed to produce an agreement with creditors on reworking its $40 billion-plus in debt, according to people familiar with the matter. Continue reading…
Dental Care in Maine
Maine is in need of better dental care for children and adults. There is a shortage of dentists in the state. With talk of new provider types in the state many dentists are feeling frustrated.
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Read more from BangorDailyNews:
The need for adequate dental care for children and adults in Maine is great. I know because I am a 31-year-old dentist practicing at one of Maine’s Federally Qualified Health Center dental clinics, Health Access Network in Lincoln. It’s also called a safety net clinic because it provides services to underserved children and adults.
I came to Maine because I heard that areas of the state had a shortage of dentists, and I wanted to help people, to treat people who might otherwise go without dental care. Immediately after graduating from dental school, I took a huge risk and moved here. I put off marriage and starting a family. I borrowed money to purchase a home. Maine is the place I chose to begin my career, invest my time and where I want to raise my family. Continue reading…
Dr Fresh Partners with Oral Health America
Dr. Fresh, makers of Firefly toothbrushes announced a partnership with Oral Health America. The pair plan to promote oral health and tooth brushing across the nation. The partnership begins February, 6 2014.
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Read more from DentistryIQ:
Dr. Fresh, LLC, announced a special partnership between its popular Firefly kids toothbrush brand and Oral Health America (OHA). The partnership will promote regular tooth brushing through accessibility and fun while benefitting OHA’s Smiles Across America (SAA) program.
Firefly will donate $25,000 and thousands of Firefly Light-Up Timer toothbrushes to at-risk children. The joint effort will help broaden access to school-based dental services offered by SAA partners.
The partnership will kick off on February 6, 2014, in recognition of National Children’s Dental Health Month. Students at Pershing School in Berwyn, IL, a western suburb of Chicago, will take part in a special brush-a-thon event. The school is part of the Oak Park River Forest Infant Welfare Society’s Children’s Clinic dental services program. Continue reading…
Kobe Bryant recently re-signed with the Lakers for a lot of money. Now some people are wondering if that was a wise move. Bryant is 35 years old and just came back from an Achilles heal injury. Now he has fractured his left knee and will be out of the game until the summer of 2014.
Read more from USA Today:
There’s no way to know what Bryant’s latest injury means just yet, beyond the daunting fact that a 35-year-old who came off one of the most brutal injuries (his April Achilles tendon tear) in existence six games ago will now be out at least six weeks with a fracture in his left knee. And for anyone who’s not familiar with one of these rare fractures of the lateral tibial plateau, consider this: Former Houston Rockets star Yao Ming, who certainly carried a much heavier load, once suffered the same injury in mid-December 2006, and we didn’t see him again until early March 2007.
It’s bad enough for Bryant and the Lakers on its own but made so much worse when reviewing the calamity-filled context that surrounds him. Point guard Steve Nash (nerve root irritation) was supposed to be back by now but is expected to miss four more weeks as his career also appears to be in the balance. Continue reading…
Distinguishing Between Ants and Termites
Termites and ants are actually quite different physically. Ants have three body parts and will usually be dark in color. Termites that are above ground are also dark and have wings while below ground termites are cream colored, they all have just two body parts.
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Read more from LiveStrongDaily:
You are going to need a magnifying glass or hand lens that is at least 10 times to get a good look at your insects.
You want to catch several and drop them into a small container that has rubbing alcohol in it. This is going to kill the critters so you can get a close look at them.
The good news is that termites and ants share very few physical characteristics. More good news is that you have a much greater chance of finding ants than termites in this area. Continue reading…
Dengue Case in New York
A locally transmitted case of Dengue Fever has been reported in Suffolk County. Scientists believe the infected individual contracted the illness from a mosquito which fed first from an infected individual. Public health worker must be alert and proactive in identifying and containing the illness.
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Read more from NewsDay:
The first locally transmitted case of dengue fever reported in New York has been confirmed in Suffolk County, providing evidence that mosquitoes can spread the tropical affliction just about anywhere.
“We were all surprised,” said Dr. Scott Campbell, chief of the arthropod disease laboratory in the Suffolk County Health Department. Arthropods include a vast kingdom of life-forms and mosquitoes are key constituents.
“This goes to show you why public health officials need to be vigilant when it comes to arthropod-acquired diseases and to be prepared for the unexpected,” Campbell said. Continue reading…
Golf Retailer Goes Bankrupt
Edwin Watts Golf Shops LLC is a US golf retailer that just filed for Chapter 11 bankruptcy protection. The bankruptcy filing lists up to $500 million in liabilities and assets. The retailer has 88 stores around the country and sells online as well.
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Read more from reuters.com:
U.S. golf retailer Edwin Watts Golf Shops LLC filed for chapter 11 bankruptcy protection early on Monday, a court filing showed.
The retailer, owned by private equity firm Sun Capital Partners Inc, listed out estimated liabilities and assets of $100 million to $500 million.
The Fort Walton Beach, Florida-based company sells golf equipment, apparel, and accessories through its more than 88 domestic retail stores and also via its web portal. Continue reading…
Detroit Bankruptcy Trial Resumes
Detroit’s bankruptcy proceedings have been halted by a trial to determine whether or not the city’s filing is legal. The trial will resume this week and will focus on unions. Union members are opposed to the bankruptcy because they want to protect their pensions.
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Read more from freep.com:
Most of Detroit’s unions have challenged the city’s ability to seek bankruptcy protection and are fighting to protect the pensions of 23,500 retirees as well as active employees.
Creditors told U.S. Bankruptcy Judge Steven Rhodes last week that they are nearly done with the questions that they want to ask Orr, who is facing his fourth day of testimony. So far, most of the witnesses have been called by Jones Day, the city’s law firm.
Attorneys representing unions told the Free Press last week that they plan to call about 10 or more of their own witnesses as they present their arguments. Continue reading…
Sunland Inc. Bankruptcy Affecting Peanut Farmers
Sunland Inc. is a peanut butter plant in New Mexico. It recently filed for Chapter 7 bankruptcy, which was related to a salmonella outbreak. Now peanut farmers are worried about the money they could potentially lose on existing crops.
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Read more from krqe.com:
Peanut farmers are next to feel the pain from Sunland Inc.’s decision to declare bankruptcy.
The New Mexico peanut butter plant, involved in a nationwide salmonella outbreak, declared Chapter 7 Bankruptcy early in October, now has growers in eastern New Mexico and west Texas collectively out millions of dollars.
One grower says he’s mostly upset because he fells Sunland wasn’t honest.
Court documents show the plant had been preparing for the possibility of bankruptcy months before doing so, yet the growers say the plant didn’t warn them so they paid for and planted a crop that they may now have to put in storage. Continue reading…
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Rabbi Opens Medical Marijuana Dispensary
A rabbi has spent his life teaching the Jewish faith to people around the world. He has seen a lot of suffering in his 30-year career, which is why he is now supporting medical marijuana. He and his wife have actually opened a medical marijuana dispensary near Washington, D.C.
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Read more from ABC News:
Rabbi Jeffrey Kahn spent his 30-year career educating others and helping to ease human suffering, leading Jewish congregations in Australia, Illinois, his hometown of Miami and New Jersey.
Now, he is practicing his faith in a different line of work: Kahn runs a dispensary for medical marijuana. Call it a mitzvah — or one of God’s commandments.
“From the Jewish perspective, nothing is more important than the concept of healing and bringing sufferers relief,” said Kahn, 61.
“I was a congregational rabbi during the worst days of the AIDS epidemic and saw up-close and personal what people living with AIDS were dealing with and finding relief with medical marijuana,” he said. Continue reading…
Medical Tests You May Want To Avoid
Doctors have been known to run a long list of tests when you come in with an ailment. But new studies suggest that some of those tests are not only unnecessary, but they also often expose you to a lot of radiation. Tests you may be able to avoid include bone density tests, exercise stress tests, and image scanning for lower back pain.
Read more from Fox News:
You may assume your doc is being thorough when she runs a gazillion tests, but there’s a downside to being too proactive. New studies show that many people don’t benefit from costly screening tests that come with pitfalls such as false positives and excessive radiation. So doctors tend to do fewer of them. Here are some tests you may be able to skip (for a full list, go to choosingwisely.org.)
Aside from those who are at high risk for weak bones, women should wait until they are 65 to have their bone density measured. Younger women are unlikely to have outright osteoporosis, and while the scan may detect mild bone loss (osteopenia), the risk of a fracture is low and the drugs that may be prescribed to treat this condition carry side effects and haven’t proved to be highly beneficial in these cases. Continue reading…
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Serena Williams Wins US Open
Serena Williams defeated Victoria Azarenka in the final match of the women’s tournament at the US Open. After winning every match so far in the tournament in straight sets, Williams definitely had her biggest challenge in the final. Each player took a set, then they played a tough third, but Williams was victorious.
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Read more from The Washington Times:
Williams faced more of a challenge in the final, but it was far more difficult than many expected. Azarenka played with determination, even when it seemed she would make an early exit.
At the beginning of the match, wind tormented Williams. She could be seen on the CBS broadcast mouthing the words “I can’t play in this wind.” Even the skirt Williams was wearing got in her way as it swirled around in the gusts.
The women traded service breaks to start the match. Tied at 4-4 in the first set, Azarenka surged ahead with a superb service game. She won with a wicked drop shot that Williams couldn’t reach. Continue reading…
Women’s Tennis Players Getting Better Older
Three of the top women’s players are over the age of 30. Serena Williams won her first US Open at 17, but she just won the title again at 31. For the first time in the Open era, five women over age 30 reached the quarterfinal round of a Grand Slam.
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Read more from ESPN:
In 1999, if you had come to the US Open for the women’s semifinals, you would’ve been watching teenagers. That’s when Serena Williams won her first US Open title at age 17. Fourteen years and many miles later, Williams is there again at age 31, on the leading edge of a semifinal field that has three women over 30.
It’s the first time five women over 30 reached the quarterfinal in the Open era, including eventual semifinalists Li Na and Flavia Pennetta, both 31 — and it’s emblematic of a tourwide change.
“If you look across the board, 28 is the new 23,” said Dr. Malcolm Conway, a sports injury specialist who works with player Bethanie Mattek-Sands and other athletes. “You don’t see the 17-year-old popping up anymore. The reason, I believe, is the game has changed in terms of power and strength. It’s a whole different game; women are training differently and harder.” Continue reading…
US Open Men’s Tennis Final Preview
Monday night, No. 1 Novak Djokovic and No. 2 Rafael Nadal will play for the US Open title. The match should be dynamic and exciting, thanks to the big games of these two star players. They both go for every shot, and they both cover a lot of the court. This will be their sixth meeting in a Grand Slam final.
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Read more from tennis.com:
Tennis is a game of motion, so it’s fitting that two champions with dynamic drive will face off in the U.S. Open final.
Creating space can be a major challenge when two guys who cover ground more thoroughly than Google Earth get going. Operating under the shared believe that no shot is a lost cause, Novak Djokovic and Rafael Nadal make the sliding retrieval look as routine as the split step in their ongoing race for world No. 1. When they meet for the sixth time in a Grand Slam final on Monday, the match may well come down to which man serves bolder, steps inside the court more frequently, and has the daring to hit the timely strike on the run.
“[Facing Nadal is] always the biggest challenge that you can have in our sport now,” Djokovic said. “He’s the ultimate competitor out there. He’s fighting for every ball and he’s playing probably the best tennis that he ever played on hard courts.” Continue reading…
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Detroit Fighting For Casino Tax Revenue In Bankruptcy
Syncora Guarantee Inc. is trying to block Detroit from using casino tax revenue in its bankruptcy. Detroit will petition the judge on Wednesday for access to the money. The bankruptcy judge plans to hear both sides on the issue before making his ruling.
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Read more from crainsdetroit.com:
Detroit will return to court Wednesday afternoon to try to persuade the judge overseeing its $18 billion bankruptcy to prevent Syncora Guarantee Inc. from blocking the city’s access to casino tax revenue.
U.S. Bankruptcy Judge Steven Rhodes said at a hearing this morning in Detroit that he wants the two sides to tell him whether federal bankruptcy rules prohibit Syncora from taking any actions that may force the money to be held in a special account. Rhodes said he wasn’t confident an earlier order from another judge halting Syncora was still valid.
The city argued that Syncora can be blocked from acting either with a finding that the earlier court’s temporary restraining order is still valid, or that federal bankruptcy law’s so-called automatic stay on litigation applies to the casino money. Continue reading…
Committee Members Appointed In Detroit Bankruptcy
Nine people have been named as members of a committee that will represent former municipal workers of Detroit. Several union leaders have been selected for the committee that will represent a group of over 23,000 employees. The judge selected the nine people from a pool of 90 applicants.
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Read more from detroitnews.com:
Nine people, including several union leaders, were appointed Thursday to a committee that will represent more than 23,500 former municipal workers during Detroit’s historic bankruptcy case.
The appointments, revealed in a court filing, come two days after U.S. Trustee Daniel McDermott interviewed retiree applicants at U.S. District Court. About 90 people applied to serve on the retiree committee, which is expected to fight to preserve vested pension benefits targeted for cuts during the city’s Chapter 9 bankruptcy case.
The members are (hometowns and backgrounds for all appointees were not immediately available): continue reading…
Kodak Approved For Bankruptcy Exit
Eastman Kodak Co. was once a giant in the photo industry. But the company had to file for bankruptcy, and is now set to emerge as a much smaller digital imaging company. The bankruptcy judge has approved the company’s exit plan from bankruptcy.
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Read more from The New York Times:
The Eastman Kodak Company, once a mighty photography pioneer, received court approval on Tuesday for its plan to emerge from bankruptcy as a much smaller digital imaging company.
The ruling by Judge Allan L. Gropper of the Federal Bankruptcy Court for the Southern District of New York puts Kodak on track to exit bankruptcy in about two weeks.
“It will be enormously valuable for the company to get out of Chapter 11 and hopefully begin to regain its position in the pantheon of American business,” Judge Gropper said.
Kodak, based in Rochester, was for years synonymous with household cameras and family snapshots. It filed for bankruptcy protection in January 2012, weighed down by high pension costs and a delay of years in embracing digital camera technology. Continue reading…
Teachers To Be Trained For Dental Emergencies
New research out of Hong Kong suggests that teachers should be trained to deal with dental emergencies. If a tooth is knocked out, however, it may still be saved. Teachers are trained on first aid regularly, but less than one-third have knowledge related to dental injuries.
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Read more from SCMP.com:
Teachers should learn to administer first-aid to students with dental injuries, researchers at the University of Hong Kong’s Faculty of Dentistry say.
The faculty and the HKU Student Knowledge Exchange project has launched a scheme to teach educators how to handle dental trauma. This followed a study that found most teachers did not have proper training in the area.
Appropriate and swift action can help save teeth knocked out during falls or collisions.
“Some think a knocked-out tooth is useless, but if it is protected well in liquid such as cold milk, and if a dentist is consulted right away, it can be saved,” said Tiffany Chan, student leader of the project.
A study published in the Hong Kong Medical Journal last year found that most teachers had never received any training on how to handle dental emergencies, despite having taken regular first-aid courses. Continue reading…
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Teeth Whitening Treatments
Drinking coffee and other habits can lead to teeth yellowing. You can get your teeth whitened at the dentist, and it only takes an hour, but can cost you a few hundred dollars. But if you have any crowns or fillings, professional teeth whitening may not be a good choice. Crowns will not change color, which could be very noticeable as your real teeth change with the treatment.
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Read more from MyFoxAtlanta.com:
Can’t live without your morning cup of coffee – or, two or three? Well, along the way you’ve likely noticed that your smile isn’t as bright as it used to be.
But, there is a quick fix. The FOX Medical Team’s Beth Galvin took a closer look at professional teeth whitening and how to know if it’s the right way to go.
The good news is that if you want a brighter smile, then you can get it in about an hour at your dentist’s office. The bad news: it’s probably going to cost you a few hundred dollars.
“I get people asking me all the time, do I think their teeth need to be whitened,” Dr. Alex Rodriguez, of Inman Park Dentistry, said. “From my perspective, no. And if their teeth are healthy, that’s good.”
One patient was recently willing to pay about $350 for a one-time, bleaching treatment. Continue reading…
Medical Gadget To Cost 95% Less Than Before
An endoscope is merely a tube with a light at the end. Doctors use this device to diagnose a number of medical conditions. These medical gadgets have been going for $50,000, but a new company has created one that will cost only $2,500.
Read more from Wired.com:
The Food and Drug Administration classifies an endoscope as a Class II medical device, but technically it’s just a long plastic tube with a light and camera at the end. Doctors use them to diagnose and treat diseases without requiring invasive surgery and they can cure problems quickly and with very little pain — if the patient has access to a clinic that can afford their $50,000 dollar price tag. A San Francisco company called EvoTech is developing an endoscope called the EvoCam that is substantially equivalent in terms of functionality, but costs a mere $2,500 dollars.
Moshe Zilversmit is a co-founder of EvoTech, holds a degree in biomedical engineering, and has worked on medical devices that treat ovarian cancer, heart disease, and emphysema. He understood the technical challenges and market realities of the medical field, but was looking for a way to bring his innovations to people who otherwise couldn’t access them. Continue reading…
Medical Device Industry In Trouble
Medical device makers don’t get near the attention that drug makers do, but they are invaluable to good medical care. The medical device industry in the U.S. has been leading all other nations and employs over 400,000 Americans. But all of that is at risk, due to new public policy.
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Read more from Forbes.com:
Medical devices are something of an orphan sister to the glamour of drugs, but they include some of the genuine miracles of modern medicine: pacemakers, artificial joints, replacement heart valves, scanners, and radiotherapy machines. The United States has been the global leader in medical devices, one of the few major industries that both boasts a net trade surplus and is a job-creator. The sector employs 400,000 Americans directly and is indirectly responsible for almost 2 million more that supply and support the highly-skilled workforce. Most important, its products are essential elements of modern medical care, including everything from CT scanners and pacemakers to blood pressure cuffs and robots used by surgeons. Continue reading…
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