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Archive for November 10th, 2010

National Commision on Fiscal Responsibility and ReformHard fiscal choices are looming on the horizon according to the preliminary report released today by the National Commission on Fiscal Responsibility and Reform.  The bipartisan commission, established by the White House, set out to examine ways to reduce the federal deficit through spending cuts and took large swings at sacrosanct topics that affect Baby Boomers and seniors:  Retirement and Medicare.  The commission outlined 58 ideas on how to save money that would affect every American if all of the ideas were implemented.  One of the ideas addressed by the commission recommended that the retirement age gradually rise to 68 around 2050 and 69 by 2075 and retirees could see further reductions in benefits if they are wealthier.  The commission recommended that the retirement age be indexed against longevity measures so retirement age would increase as life expectancy rises.  The plan also targets $85 billion in cost reductions by expanding Medicare cost sharing and capping catastrophic care benefits. 

To see the full list of ideas, visit:   Ideas by the National Commission on Fiscal Responsibility and Reform

For the overview, visit:  National Commission on Fiscal Responsibility and Reform Overview

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Assisted Living Concepts Inc. (NYSE:ALC) announced it third quarter financial results that showed net income of $4.6 million in the third quarter of 2010 on revenues of $58.5 million for the quarter.  During the same period last year, ALC had net income of $3.4 million on revenues of $57.2 million.  During the quarter, the company increased its average private pay occupancy and saw a larger shift to private pay residents away from Medicaid residents and was able to pass along rate increases in its communities. 

“During the third and early part of the fourth quarter, we completed another successful mortgage loan and acquired nine of our previously leased residences. We continue to believe that the ownership of our residences and the ability to put in place fixed rate financing without significant operational restrictions are important steps toward enhancing the value of our business model. As demonstrated by recent transactions, senior living real estate valuations appear to be on the rise and further emphasizes the inherent value of the ALC portfolio,” said Laurie Bebo, President and Chief Executive Officer.

Assisted Living Concepts Q3 Earnings Release

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just5 011While cell phones are viewed today as an integral part of daily living, they have become more complex with all of the features including email, music listening, cameras and hundreds of apps of differing degrees of usefulness.  However sexy those features may be, the Just5 phone provides an elegant solution that provides a basic feature set but designed for older adults without the confusing bells and whistles of today’s new cellular phones.  Released earlier this year, the Just5 is designed for those with poor eyesight, hearing problems and those with medical conditions that require a simple to use cell phone.  The feature set of the cell phone is limited but focused on ease of use and large buttons for easy dialing and texting. 

We tested the ‘candy-bar’ form factor phone for 2 weeks and found that the phone worked well and provided good audio quality and tested the device using a SIM Card that operated on AT&T’s network.  In order to use the phone, we needed to remove the SIM card from our phone and install it into the Just5. 

The phone, which looks like a pocket calculator, has large numbers and a small monochrome display with a backlight that shows the basics such as date, time and signal availability and battery life.  The phone has text messaging capability and includes a small flashlight built into the device which is more handy than we expected.  The phone makes a loud sound each time a button is pressed and the phone has a feature that will read the numbers out loud when you press each number.

Overwhelmingly, the most mentioned feature when users, young and old, saw the phone was the reaction to the big buttons and their tactile feel similar to older touch-dial phones.  The speaker phone feature was helpful and and provided better sound quality to listen to other callers when compared to other phones we’ve tested, especially some of today’s smartphones.   The phone had a keypad lock feature that allowed us to carry the phone in our pocket or purse without “pocket dialing” anyone programmed into the phone.  The sounds were loud and distinct when the numbers were pressed and the number screen was large and worked well in both indoor and outdoor lighting. 

We tested the SOS button that provides a siren noise to alert persons in the vicinity that there is a problem and the phone did text the number that we preset as part of the setup and called the number.  The FM radio worked with a headset and through the speakerphone output but didn’t really do much for us as most seniors were talk AM talk radio listeners.  The battery life for talk time was limited at about two hours during our testing. 

The Just5 is just fine for a simple solution for a senior cell phone.  Just be aware that some smartphone users may even experience some button envy when the Just5 is out in plain view.

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In honor of the opening of the National Museum of American Jewish History, in downtown Philadelphia, on November 14, 2010, residents from Martins Run have been passing along their own history to younger generations through a number of initiatives at the Marple Township, Pa.-based senior living community. Paying tribute to Veterans Day, Martins Run will host “Talking Portraits,” a program in which resident veterans will meet with students from Temple Shalom, in Broomall, to share their experiences and recount stories from their time in the service. As the veterans and students talk, Martins Run art teacher, Lisa Learner, will paint the residents’ portraits. The paintings, as well as notes from the discussion, will be used to create a Martins Run Veterans scrapbook.

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