Long Term Care

Another County Nursing Home for Sale

April 3, 2012 County

Now it’s Essex County. Some of the reported issues are interesting.

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Talk Radio Made Me Do It

March 22, 2012 Budget

Talk radio is certainly not my gig. But I was asked on to a local show, Al Roney on AM 1300, this afternoon and it really forced me to do something I don’t do often, or particularly well: really simplify. As in simplify a lot. So it was an interesting and personally challenging exercise. The […]

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We Have a New Candidate for Humpty Dumpty

March 21, 2012 Budget

We said here that it seemed that the leadership of the Albany County Legislature was trying to cover their tracks by confusing everyone. Are they succeeding? Here’s the latest story from the Times Union. We’ll get to the substance later, but at least the State Health Department isn’t buying what Shawn Morse is selling: What’s […]

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Feckless Chapter 2: Albany County Legislature is Clumsy or Slick?

March 20, 2012 County Government

You have got to be kidding me! Well, you could be kidding me or you could be kidding me. Or us. The leadership of the Albany County Legislature has rushed past feckless to either a clumsy attempt at deception or a really slick effort at self-defeat. Or perhaps they really can’t see past the next […]

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Interest Costs. Just a Reminder

March 20, 2012 Capital

If you have ever had a mortgage to pay, you know painfully well how much you pay in interest costs over the life of the mortgage. With interest, total acquisition costs often come close to doubling the purchase price. A new Albany County Nursing Home project (by their own numbers) will require borrowing $70.842 million. […]

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Fitch Credits Sale of Ulster County Nursing Home in Reaffirming County’s Bond Rating

March 20, 2012 Bond Rating

From the Mid-Hudson News Network: Fitch reaffirms Ulster County’s bond rating, cites ‘sound’ financial profile NEW YORK – Fitch Ratings Service supports the sale of the Golden Hill Health Care Center by Ulster County government. The revelation comes in the rating agency’s latest report on the county’s finances and its reaffirmation of the county’s AA- […]

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Bits & Pieces

March 16, 2012 Economics

Today’s Grab Bag More “Winner Take All” Economics Sports star economics comes to the law profession. Dewey & LeBoeuf, the result of a 2007 merger of Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae. Star economics was the subject of Robert Frank’s 1995 book, the Winner Take All Society. Frank’s argument was that partly because […]

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In My Next Life I Want to be a Cartoonist!

March 14, 2012 County Government

John De Rosier just said in one picture what I and many others have spent thousands of words on. Here’s betting that this picture represents a turning point. Go look now!!! Still laughing.

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They May be Feckless, but I Agree With Their Numbers

March 13, 2012 County Government

Just to be clear regarding that last post, I think the estimated losses of around $26 million are sound estimates. Lousy process, lousy policy, but sound estimates.

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Feckless

March 13, 2012 County Government

So now that we’re up to date … A major part of last night’s nursing home debate in the Albany County Legislature was “where did the $26 million figure come from?” That’s the projected annual loss to the County in operating a new nursing home. And members of the Legislature have no idea where the […]

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