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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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iCan Benefit Expands to Miramar

Category : Stocks, World News

Health Care Reform Drives Florida Company’s Rapid Growth

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Kerecis Completes Successful Immunology Study

Category : World News

DENVER, CO–(Marketwired – May 3, 2013) – Symposium on Advanced Wound Care – Kerecis today announced that its recent clinical trial found no allergenic reactions to its fish-skin-composed MariGen Omega3 technology. In the trial, 40 patients were tested for allergic reactions after having their skin challenged with MariGen Omega3. Kerecis made the announcement at the Symposium on Advanced Wound Care in Denver, Colorado.

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West Chester Optometrist Reinforces the Importance of Routine Eye Exams

Category : Stocks

Dr. Christopher Kuc, an Optometrist at Chester County Eye Care Associates, Recommends Patients Receive Yearly Eye Exams to Test for Common and Sometimes Symptomless Ocular Concerns and Diseases

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Saratoga Springs Plastic Surgeon Honored by Patients for His Compassionate Care

Category : World News

Dr. Steven Yarinsky, a Saratoga Springs Plastic Surgeon, Was Awarded the 2012 Compassionate Doctor Certification for His Bedside Manner and Overall Quality of Patient Care

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Letters: NHS sell-off regulations back in the Lords

Category : Business

The latest poll from the King’s Fund shows how both young and old continue to support the principles of the NHS: that healthcare, funded through taxation, is available to all on the basis of need, rather than the ability to pay. On 24 April the Lords will debate competition regulations made under section 75 of the Health and Social Care Act, which, if implemented, establishes a default position of local commissioning groups having to put services out to tender. It would put profit before patients, quick fixes before quality care and seriously undermine the NHS, leaving many people to suffer under a postcode lottery. Yet experience has shown that the market has already damaged the culture of the NHS. From 1948 onwards the public have helped create, fund and support the principle of healthcare for all. The government has no mandate to end this. Those of us who value the NHS must defend it. Contact a peer and ask them to show their opposition to the competition regulations.
Dot Gibson National Pensioners Convention, Ken Loach Director, Spirit of

Mentor Capital, Inc. (MNTR: OTC Pink Limited) | All Mentor Capital Shareholders Alerted to Claim Warrant Rights Before Expiration

Category : Stocks, World News

Mentor Capital, Inc. (OTC Markets: MNTR) alerts all its shareholders
that they have active rights to certain warrants under the terms of its earlier
Section1145 exemption and plan. Any Mentor shareholder that is uncertain or
even unaware of their warrant rights should contact the company before April
30, 2013 for an explanation.

About Mentor
Capital:

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Richmond Orthopaedic Surgeon Hires New Physician Assistant to Enhance Quality of Patient Care

Category : Stocks

Kacie Brosious, a Licensed Physician Assistant, Joins Dr. Jan-Eric Esway’s Richmond Orthopaedic Surgery Practice to Assist With Surgeries and Provide an Advanced Level of Patient Care

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Private equity firm pays £185m for Oasis Healthcare

Category : Business

Bridgepoint is acquiring Oasis Healthcare from another private equity house, Duke Street, which paid £77m in 2007

Oasis Healthcare, the UK’s largest private dental chain, has been bought by the private equity firm behind the catering group Pret a Manger for £185m.

Bridgepoint is acquiring the chain from another buyout firm, Duke Street, which paid £77m when it pulled Oasis from the London Stock Exchange in 2007. The deal includes an unusual agreement to let Duke Street roll over a portion of the proceeds from the sale to retain a minority stake in Oasis.

The company owns 200 dental practices across England, Wales and Northern Ireland and employs more than 2,000 people, of whom 800 are dentists. It offers dental care and orthodontic procedures to private customers, but is also a major provider to the National Health Service.

Jamie Wyatt, a Bridgepoint partner, said: “Oasis’ financial performance has been impressive throughout the recent economic cycle.

“It is a robust platform with a commitment to quality and innovation from which to create the only branded dental operator of scale in the UK.”

The UK dental market is fragmented but estimated to be worth £7bn. There are about 34,000 dentists operating from 10,500 practices owned by individual partners, and corporate owners only represent 10% of the market.

The Oasis acquisition price is understood to be less than nine times the company’s underlying earnings. Bridgepoint has paid considerably less than the £250m hoped for when the company was first put on the market but Duke Street has still more than doubled its original investment.

Oasis was founded in 1996 and taken private for about 12 times earnings.

Bridgepoint secured the deal after fending off bids from three rival private equity specialists – LDC, CapVest and Canada’s Omers Private Equity.

Bridgepoint aims to invest in “strong-performing, good-quality, well-managed businesses that have the potential to grow” and its other investments include the healthcare provider Care UK and the retailers Fat Face and Hobbycraft, as well as the Pret a Manger sandwich chain.

Among its healthcare investments are Tunstall, which provides alarm systems for the elderly and runs call centres for local authorities, acquired in 2005, and Ansel, which was bought in 2008 and runs a clinic in Nottingham that “focuses on the assessment, treatment and rehabilitation of adults with a wide range of mental disorders”.

Its European advisory board is chaired by the former Labour health secretary Alan Milburn and also includes the BBC Trust chairman Lord Patten, the former Marks & Spencer boss Sir Stuart Rose and Sir James Crosby, the former chief executive of HBOS.

Justin Ash, chief executive of Oasis, said: “We have a successful track record of acquisitions and new openings, and plan ongoing and rapid expansion.”

Oasis will have banking facilities of £146.5m, arranged through Bank of Ireland, Barclays, GE Capital, HSBC, ING and Société Générale. In total, Bridgepoint will commit £60m in capital for investment in acquisitions and other development of the business.

Your 401k won’t save you | Helaine Olen

Category : Business

Most of us have less than $100,000 in retirement savings, less than half what some estimate is needed

Most of us respond to questions about our financial prospects after retirement with sentiments that could be best be compared to the look on Captain Quint’s face when he realized he was about to be eaten by the shark in the 1970s classic Jaws.

There is a $6.6tn gap between what we collectively have on hand and what we will need to see us through our post-employment lives, The Center for Retirement Research at Boston College estimates. Experts routinely say the next generation of retirees will be the first to live more hardscrabble lives than their parents in old age in decades.

American families saw their net worth decline by almost 4% between 2007 and 2010, mainly due to the impact of the real estate crash. As a group, Americans have $9.5tn in retirement savings accounts. It sounds like an enormous sum of money but, in fact, it is nowhere near enough.

Most of us have saved less than $100,000 for our post-work lives. That number creeps up to a median $120,000 for those aged 55 to 64, according to the Center for Retirement Research. The math here is ugly: Fidelity Investments predicts that a couple who retired in 2012 at the age of 65 will need $240,000 for medical expenses alone. Just this month, Deloitte Center for Financial Services discovered that 60% of future retirees are convinced all their savings will go to health care expenses. They’re not wrong. Or at least not too far off.

And, no, the recent record-breaking streak by the Dow is unlikely to save us. Only about half of us have investments in the markets, and even then, for most of us, the amounts are mere trifles. It’s estimated that the top 10% of households when it comes to wealth own 80% of all stocks and mutual fund investments in the United States.

This is the end result of the slow, 30-year dismantling of the corporate pension system in favor of 401ks. The 401k was not, as it turned out, “a pretty easy way to make a million bucks by the time you retire,” as Kiplinger’s magazine promised in the fall of 2007.

Instead, it turned out to be a long, strange trip to a penurious retirement for all too many members of the Baby Boom generations and the ones that will follow. Never mind the psychedelic sideshows of the internet and housing bubbles. In black and white, we’re all but broke.

But does anyone in Washington care? It sure doesn’t seem that way. Even as 10,000 baby boomers will turn 65 each day for more than another decade, each cohort seemingly poorer than the next, we’re being told we need to make do with less. Almost all the talk in the capital is about how to make cuts and adjustments to programs like social security and Medicare that seniors – not to mention future seniors – see as vital to their economic prospects.

“We are having a debate about federal budgets and not personal budgets,” says Debra Whitman, executive vice president for policy at AARP. “We are not having a debate about if we downsize the federal government’s share on social security what will make it up.”

So we want help. And help, for the most part, is not what we are getting.

Instead, we’re told we should stay in the workforce longer and to save more money than we are currently doing. Just how to do this in an environment where median household income has fallen by more than 5% since 2009, and workers in their fifties who do lose a job have little chance of finding a new one within a reasonable period of time at anything resembling their former salary goes unsaid.

So what is to be done? As of right now, what little positive action there is on the retirement front is going on at the state level. California is now in the very early stages of setting up a state plan that would work like this: employees who aren’t covered by a workplace retirement plan could set aside 3% of their salary in a way where it would be pooled with that of others. When they retire, they would get an annual income. A similar plan was recently introduced in the Illinois legislature.

In Washington itself, Senator Tom Harkin plans to introduce legislation later this year offering his own retirement planning solve, one that is similar to the California plan. However, it would also allow people covered by workplace plans to put additional money aside. It would also – again, like California’s plan – be portable, that is, it would be attached to a worker and not a particular employer.

There are still problems. While saving 3% of one’s salary is better than not saving anything at all, experts routinely say we need to put aside anywhere between 10 and 15% of our money to ensure we will have enough money to live on after our work lives end. As for Harkin’s plan – well, given how things are progressing in Washington these days, no one is giving it much of chance, at least right now.

Most importantly, none of these retirement reform initiatives require employers to make any contribution at all – continuing to leave all planning on the employees.

Be afraid of what lurks in the retirement waters. Be very afraid.

Social care cost cap brought forward

Category : Business, World News

The government will bring forward its overhaul of the pension system and social care funding by a year to 2016, the chancellor announces.

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