| 'Tycoon' held in co-op nursing home investment scams
Prosecutors arrested a man Tuesday on suspicion of bilking some 100 wealthy people out of hundreds of millions of yen in investment frauds purportedly involving nursing homes to be set up by agricultural cooperative corporations. Takashi Hata, 65, who has told investigators he is an overseas Chinese tycoon and that his Chinese name is Ye Jianying, was arrested on suspicion of fraud, the prosecutors said. He has denied any wrongdoing, they said, although one of his alleged victims already won a 50 million yen lawsuit against him. Hata got that victim, a businessman in Toyama Prefecture, to put up some 9.2 million yen between February and March 2004 to establish an agricultural cooperative corporation and build a nursing home, promising that 80 percent of the construction costs would be covered by government subsidies, the prosecutors alleged.
Aged care fees set to rise for many in $1.5b overhaul
MANY new residents in high-care nursing homes will pay an average of $635 more a year from next year as part of a $1.5 billion Federal Government revamp to relieve strain on aged-care services. Almost half of all people entering high-care nursing homes will be charged a higher accommodation fee from March next year, while about one-fifth will pay less - on average $1317 - as part of a move to spread charges more equitably. Those already in homes will not have to pay the fee increases. For the first time self-funded retirees who cannot meet their own accommodation costs will be eligible for government help, as part of the changes announced by the Prime Minister, John Howard, yesterday. "There's an anomaly in the present system where a pensioner and a self-funded retiree with the same amount of assets are treated differently," Mr Howard said on Channel Nine.
CEO to discuss growing need for nursing homes
On Friday, February 16 at 2 p.m., the public is invited to hear Richard Erb, President and Chief Executive Officer of the Maine Health Care Association (MHCA) speak at Bay Landing in Boothbay Harbor on the topic of the growing need for increased nursing home and assisted living care in the mid-coast area and the state. MHCA is the leading advocate for high quality long-term health care, housing, and supportive services that meet the needs of our state's senior and disabled citizens. MHCA membership includes over 250 nursing homes and assisted living facilities. Erb has held the position of Chief Executive Officer of the organization since 2001. Prior to that, Erb served as a town and city manager in three Maine communities and Ithaca, New York. He holds a bachelor's degree in public management from the University of Maine and a master's degree in community development from Cornell University.
The plight of retired players is a growing concern
Forty years ago, Willie Wood ran the other way in glory. The slick Green Bay free safety snatched a Len Dawson pass and raced 50 yards, as the Packers sprinted to an easy victory in Super Bowl I against Dawson's Chiefs.
Now, many contem-poraries and friends see shame as they accuse the NFL and its players association of running away from legendary players like him.
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