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Posted At : August 18, 2009 05:23 PM | Posted By : D McKee
Related Categories:
Encore,Entertainment,Politics,Economy,Boyd Gaming,Morgans Hotel Group
Vegas' hardest-luck casino changed hands ... again. Short of another irrational spike in off-Strip land valuations, Canpartners Realty Holding Co. IV LLC is never going to see its $67 million again. The Greek Isles is in a dead zone, a block too far north (being a block away from Encore doesn't do you any good if you're on the wrong side of the block) and two blocks too far east.
Ah well, kinda serves Canpartners right for lending $56 million against a property that was never worth but a fraction of that amount. And until Canpartners gets a gaming license and captures the casino revenue, instead of leasing out the space as a big-ass slot route, it might as well buy a Motel 6 instead.
Had enough? You'd think that after spending six of the last eight years being used as a doormat by the opposition, congressional Democrats would be saying, "It's payback time." Not yet. If anything finally gets their back up, it may (ironically) be a President whose desire for comity too often translates into giving the store away.
There are still a few crumbs left upon the table for those of us who are uninsured, afflicted with pre-existing conditions or laboring under onerous co-pays. But that'll probably be bartered away, too, and we'll be left at the mercy of people like this s,o.b. M.D. who says it's a "privilege" to be healthy. So I'm guessing he's not down with that Hippocratic Oath stuff, either, huh?
Hard Rock overextended. Having doubled down on its costly purchase of the Hard Rock Hotel & Casino, manager/minority owner Morgans Hotel Group finds itself playing for time with its lenders. Reinventing The Joint proves to have been a good idea; ditto the new convention space -- both are helping to stave off catastrophe.
But it was sheer pigheadedness of Morgans to push ahead with not one but two new hotel towers amid declining ADRs and slippage in occupancy. When Boyd Gaming called a timeout on Echelon (partly due to partner Morgans' fecklessness), it should been a cue to "wrap" the megaresort-sized expansion of the Hard Rock, at least for the time being.
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The article doesn't mention these remarks from Senator Grassley:
Senator CHARLES GRASSLEY (Republican, Iowa): "I've been told that the brain tumor that Senator Kennedy has, because he's 77 years old, would not be treated the way it's treated in the United States. In other words, they say, well, he doesn't have long to live, even if he'd live another four or five years. They'd say, well, we've got to spend the money on people that have more, can contribute more to the economy." -
~
http://www.npr.org/templates/story/story.php?story... This is from an NPR interview with the head of Britain's National Health Service. He goes on:
INSKEEP: Okay. Does the British system make that kind of distinction? Here's an older fellow, you've got this treatment that you could give him but it wouldn't add massively to his life expectancy, so we'll deny that. Do you do that?
Lord DARZI: Well, I'm sorry to say that's the most ludicrous thing I've heard. I've heard that written down but I've never heard it in real speech. And the answer to that is absolutely no.
INSKEEP: So, Grassley's comment is based on nothing, so far as you can say?
Lord DARZI: Absolutely - not just false, these are lies which have been used to set fear against reform.
INSKEEP: Ted Kennedy goes to Britain, he's a British citizen, he's going to get full treatment and that treatment is going to be fully paid for. Is that what you're saying?
Lord DARZI: Absolutely, irrespective of the tumor type as well.
~
My question: How are Democrats supposed to "negotiate" with the "designated liar" for the Obstrubticans, and their whole negotiating strategy is "NO!"?
I agree: Senate Democrats should pass a bill with a strong PUBLIC OPTION - since Congress is too wimpy to go with a single payer plan.
Note: I see that the doctors in the 2nd article recommend the equivalent of "health savings accounts". Sorta self-serving, if you ask me: He can charge as much as he wants for office visits; order up as many unnecessary tests as he wants (done by his "affiliated" labs); interpret the results as he wishes; and charge the patient for follow-up consultations & prescription-writing beyond the $limit of the patient's "savings account" - then charge the GOVERNMENT for the $balance. Looks like he's advocating a plan to feed his greed without the bother and 20% paperwork cost of billing/processing insurance company payments.
By the way, since he was speaking of "pro bono" treatment of the poor, I wonder if he zipped over to California this week, where there were thousands of people lined up, who have no health insurance, hoping for his medical help?