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Category Archives: Finance
Charity Navigator’s review of Presbyterian Retirement Communities Northwest (aka Transforming Age)
The Charity Navigator organization rates non-profits with a variety of measurements. Transforming Age is listed as Presbyterian Retirement Communities on the Charity Navigator website and on Transforming Age’s form 990. This form contains information that most organizations claiming federal tax-exempt status … Continue reading
New York University will divest from fossil fuels in win for student activists
From the Guardian – thanks to Pam P. New York University plans to divest from fossil fuels, the Guardian has learned, following years of pressure from student activists. The move from one of the US’s largest private universities, whose endowment … Continue reading
Posted in Business, environment, Finance
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Biden Plan to Cut Billions in Medicare Fraud Ignites Lobbying Frenzy
Ed note: The privatized Medicare Advantage programs are making a lot of money. It turns out that a number of the Insurers are “upcoding” the severity of illness in their enrollees in order to be able to charge more. The … Continue reading
Posted in Finance, Government, Health
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The Silicon Valley Back Rescue/Bailout – what does it mean?
Thanks to Frank C. Also see the Op-Ed piece by Paul Krugman in today’s NYT. It remains to be seen, how the jitters play out over the next several days.
Posted in Economics, Finance, Government
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Don’t Try to Appease Economic Terrorists
By Paul Krugman in the NYT A few days ago I received an automated text from my bank. For some reason the bank’s algorithm flagged a valid charge on my debit card as potentially questionable; the text asked me to verify … Continue reading
Posted in Economics, Finance, Government
1 Comment
Why are Republicans telling voters they want to cut Social Security by a third?
By Alicia H. Munnell Improving benefits for the low paid is a noble goal, but all but the very wealthy need the benefits in current law. Why in the world would Republicans put out a plan to dramatically cut Social Security? … Continue reading
Interview with Ed Thorp – the investor who spotted Madoff’s scam has some new worries
This is, my apologies, a long interview (1.5 hours) but you may find it interesting. Click here if interested.
Posted in Finance
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Companies doing or not doing business in Russia
Thanks to Jim S. Professor Jeffry Sonnenfeld (Yale University) has developed a list of companies who did, or continue to do business in Russia. The list is divided into five categories, ranging from “Withdrawal” a clean break with to “Digging … Continue reading
Secure shopping advice
Gordon G. has sent along this link to help us shop safely on-line: Click Here to watch.
Infrastructure Bill from AARP WA
Thanks to Rick B.
Posted in environment, Finance, Government, Law, Politics, Safety, Transportation
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Why Aren’t More People Comparison Shopping for Health Plans?
Most Medicare beneficiaries don’t compare plans during open enrollment season, and may be paying more, or accepting more restrictions, than they should. Ed note: Medicare insurance choice is impossibly confusing. If you need help, please contact https://www.shiphelp.org/ — the State … Continue reading
Transforming Age’s Bond Rating Analysis (stable at BB) from Fitch
Ed note: The following is published on Transforming Age’s web site. Read in detail if you’re interested in the formation and growth of of TA, Inc.; the transfer of funds from the Obligated Group to TA, Inc.; and the stability … Continue reading
How an Unproven Alzheimer’s Drug Got Approved
Though some of its own senior officials said there was little evidence of benefit for patients, the F.D.A. nonetheless greenlighted Biogen’s Aduhelm, or aducanumab. By Pam Belluck, Sheila Kaplan and Rebecca Robbins Updated July 20, 2021, 9:29 a.m. in the New York Times Ed note: The … Continue reading
Three F.D.A. Advisers Resign Over Agency’s Approval of Alzheimer’s Drug
Ed Note: Would you want to take a drug which didn’t receive even one “yes” vote from the expert FDA Advisory Panel? One study showed no benefit, the second study showed marginal benefit. The side effects are significant. This drug … Continue reading
We Ran the Treasury Department. This Is How to Fix Tax Evasion.
By Timothy F. Geithner, Jacob J. Lew, Henry M. Paulson Jr., Robert E. Rubin and Lawrence H. Summers in the NYT The authors are former U.S. Treasury secretaries. Mr. Geithner and Mr. Lew served under President Barack Obama, Mr. Paulson under President George W. Bush, and … Continue reading
Possible sister community to Parkshore in Kirkland
Ed note: The memo below from Parkshore’s ED was forwarded to me by a friend. Now a public document, it received considerable discussion at Skyline’s meeting yesterday which left many unanswered questions. I think the hope is that our parent … Continue reading
Please tax my capital-gains profits: Washington’s crises demand it
By Nick Hanauer – Special to The Seattle Times If you’re expecting yet another dire warning characterizing the wealth tax on capital gains making its way through Washington’s Legislature as a job killing, big government assault on freedom, you’re reading the … Continue reading
Posted in Finance, Social justice, Taxes
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2020 Was the Year Reaganism Died
by Paul Krugman in the NYT Maybe it was the visuals that did it. It’s hard to know what aspects of reality make it into Donald Trump’s ever-shrinking bubble — and I’m happy to say that after Jan. 20 we … Continue reading
Posted in Finance, Government
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Trickle down fallacy: debts, deficits and wealth distribution
From Heather Cox Richardson’s Blog One story jumped out at me today. The Hill reported that as soon as a Democrat is back in the White House, Republicans intend to retrench and be careful about how the country spends money, … Continue reading
Estate planning – this Wednesday
Thanks to Barb W. ———- Forwarded message ———From: People’s Memorial <director@peoplesmemorial.org> Sponsored by King County Library System Estate Planning with Aging Parents How will you manage family finances and assets when your parents are unable? … Continue reading
Posted in Advocacy, Aging Sites, Education, Finance, Retirement
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Why Biden Will Need to Spend Big
by Paul Krugman in the NYT What should Joe Biden’s economic policy be if he wins (and Democrats take the Senate, so that he can actually pass legislation)? I’m pretty sure I know what his economists think he should do, … Continue reading
Posted in Finance
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Coronavirus Donation Scams
Two residents have reported receiving phone calls inquiring about Coronavirus donations. Here are two links with information on scams associated with the current outbreak. From the Federal Trade Commission: https://www.consumer.ftc.gov/blog/2020/02/coronavirus-scammers-follow-headlines From MSN.com: https://www.msn.com/en-us/money/companies/coronavirus-6-scams-to-watch-out-for/ar-BB10UF96
These are the 25 most intriguing commercial projects around Seattle – Redmond to Renton
By Marc Stiles – Staff Writer, Puget Sound Business JournalJul 11, 2019, 10:00am EDT Ed note: Click here to access the side show of 25 important construction projects in the aear Vulcan Real Estate is moving aggressively ahead with two huge mixed-use office … Continue reading
Posted in Business, environment, Finance, In the Neighborhood
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Hedge Fund Legend Ray Dalio On The Economy
Ed note: Ray Dalio talks about the wealth and opportunity gap that he considers a major problem in our country. He compares the rise of populism to the 1930’s. Conflict is predicted unless conditions improve. From Wikipedia: Raymond Dalio (born August … Continue reading
Posted in Finance, History, Politics, Social justice
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