Bank Of England Leaves Interest Rates On Hold The Bank of England today defied intense pressure to cut interest rates for a second month in a row, risking a chorus of criticism to keep borrowing costs pegged, despite growing fears over a vulner... Read Full Article Shares Slip Further On Fear Of Bank Debt Retreating oil prices and signs of strength in industries outside the financial sector could not keep the stock market from declining for a second day Tuesday.... Read Full Article Ruling Allows Wider Investment Options For Bloomberg And His Foundation Mayor Michael R. Bloomberg, seeking to bolster his charitable giving, has reached a new agreement with the City Conflicts of Interest Board that will allow him to move his money into more aggressive i... Read Full Article On Nuclear Seesaw, The Balance Seems To Shift To Iran Nine months after new sanctions were imposed on Iran, it has steadily increased its enrichment of uranium, which can be used to produce electricity or fuel bombs.... Read Full Article China: Factory Fire Kills 37 A fire at a shoe factory in Putian, a small export manufacturing city in Fujian Province, killed 37 people and injured more than a dozen.... Read Full Article |
Hospitals Due To Close Are Given MoneyThe 23 hospitals and seven nursing homes in New York State that are to close or be merged under an effort to shrink the state’s giant hospital industry were notified yesterday that the state would give them more than $360 million to cover legal costs associated with closing and to pay off debts, state health officials said. City Room BlogThe latest news and reader discussions from around the five boroughs and the region. Go to City Room »It was the first announcement about financing that the hospitals will receive since the Commission on Health Care Facilities in the 21st Century, known as the Berger Commission, recommended the mergers and closings in 2006. Using state and federal money, the state will distribute an additional $190 million to the institutions, but details of which ones will get that money has not yet been announced. And more money is expected to go out over the next year to help other centers add services and restructure to compensate for the losses at closed hospitals. Among those closing or merging in the metro area, St. Vincent’s Midtown Hospital will get $17 million; Victory Memorial Hospital in Brooklyn will get $25 million; New York Downtown Hospital will get $6 million; Cabrini Medical Center in Manhattan will get $14 million; Nassau University Medical Center on Long Island will receive $23 million; Queens Hospital Center will receive $12 million; Lenox Hill Hospital will receive $25 million; and Sound Shore Medical Center in Westchester will receive $12 million. Tag CloudExternal InformationAdditional InformationQ & A: Suspect Seaweed...J. W. Eschbach, 74, Dies; Developed Anemia Drug... News Analysis: About Those Health Care Plans by the Democrats ...... The ?Poisonous Cocktail? of Multiple Drugs... Where Am I?News Main Page - Business - Hospitals Due To Close Are Given Money |
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