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Keyword: cre

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  • Feds Cover up Hospital Infections

    04/19/2017 8:29:19 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | April 19, 2017 | Betsy McCaughey
    Going into a hospital? It's getting riskier because of drug-resistant infections -- the kind almost no drug can cure. Despite one federal government "action plan" after another, the germs are winning. Government authorities are clueless about how many infections there are, or how many patients are dying. Alarming new research shows that one of the deadliest families of bugs, carbapenem-resistant Enterobacteriaceae, nicknamed CRE, may actually be striking three times more patients than the Centers for Disease Control and Prevention tells us. One lesson from the war against AIDS: Level with the public about the enormity of a problem if you...
  • Leaving EU would be 'a jump into a void' for the UK

    01/16/2016 11:42:57 PM PST · by Berlin_Freeper · 11 replies
    bbc.com ^ | January 17, 2016 | bbc
    A vote for Britain to leave the EU would be a "jump into a void", according to the head of a new pro-European Conservative campaign group. Former minister Nick Herbert has launched Conservatives for Reform in Europe (CRE) to argue the case for the UK to stay under renegotiated terms. Meanwhile, the education secretary is also warning young people could be "cut off from the world" if the UK leaves. David Cameron has said ministers can campaign on either side of the debate. The PM's push to renegotiate Britain's terms of membership of the EU is expected to come to...
  • More On The Endoscope-Related CRE Outbreaks

    03/10/2015 10:36:35 AM PDT · by Oldpuppymax · 3 replies
    Coach is Right ^ | 3/10/15 | Michael D. Shaw
    on this topic generated plenty of interest (despite the small number of posted comments), so we continue our coverage… Yet another prestigious hospital joins the ranks of those reporting Carbapenem resistant enterobacteriaceae (CRE) infections, linked to endoscopic retrograde cholangiopancreatography (ERCP) endoscopes. On March 4th, Cedars-Sinai Medical Center in Los Angeles discovered that four patients were infected with CRE, and 67 others may have been exposed. Lisa McGiffert, director of the Safe Patient Project at Consumers Union, and a longtime activist regarding hospital-acquired infections, said that “It’s highly likely many hospitals around the country have had outbreaks, and they haven’t been...
  • Deadly "Superbug" Poses Threat to 179 UCLA Hospital Patients

    02/19/2015 4:20:40 AM PST · by Colofornian · 3 replies
    NBCLosAngeles.com ^ | Feb. 19, 2015 | William Avila
    NBC4’s Dr. Bruce Hensel answers questions about enterobacteriaceae bacteria, which may have contributed to the deaths of two patients at Ronald Reagan-UCLA Medical Center. Medical equipment tainted with a deadly "superbug" may have contributed to the deaths of two patients at Ronald Reagan-UCLA Medical Center, and dozens of other patients may have been infected with the drug-resistant bacteria as well, officials said Wednesday. UCLA Health System officials said 179 patients had been notified about the exposure, which took place between October 2014 and January 2015. The patients were treated for digestive ailments ranging from gallstones to cancers. Doctors used a...
  • U.S. Q3 Earnings Warning Ratio 2nd Worst Since 2001 (Declining Real Incomes And Participation)

    09/30/2013 4:01:09 PM PDT · by whitedog57 · 11 replies
    Confounded Interest ^ | 09/30/2013 | Anthony B. Sanders
    Ugh. Companies issuing negative outlooks for the 3rd quarter outnumber positive outlooks by 5.2-to-1. NEW YORK – U.S. companies are warning about third-quarter earnings at a rate lower than last quarter but still at the second highest level since 2001, leaving estimates well below what they were just three months ago. Companies issuing negative outlooks for the quarter outnumber positive ones by 5.2-to-1, the most negative since the 6.3-to-1 ratio in the second quarter. The second-quarter ratio is the worst since the first quarter of 2001. The third quarter would be the second worst since 2001, according to Thomson Reuters...
  • CDC: 'Nightmare bacteria' spreading

    03/06/2013 5:55:51 PM PST · by oxcart · 67 replies
    CNN ^ | 03/06/13 | William Hudson,
    Hospitals need to take action against the spread of a deadly, antibiotic-resistant strain of bacteria, says the Centers for Disease Control and Prevention. The bacteria kill up to half of patients who are infected. The bacteria, called carbapenem-resistant Enterobacteriaceae or CRE, have increased over the past decade and grown resistant to even the most powerful antibiotics, according to the CDC. In the first half of 2012, 200 health care facilities treated patients infected with CRE. "CRE are nightmare bacteria," CDC director Dr. Tom Frieden said in a statement. "Our strongest antibiotics don't work and patients are left with potentially untreatable...
  • Rare Superbug Spreads in US

    02/27/2013 4:58:19 PM PST · by Doogle · 37 replies
    FOX NEWS ^ | 02/27/13 | FOX
    The Centers for Disease Control and Prevention is alerting clinicians of an emerging untreatable multidrug-resistant organism in the United States. There are many forms of Carbapenem-resistant Enterobacteriaceae (CRE), but of the 37 forms reported in the U.S., 15 have been reported in less than a year. The CDC said the increase in CRE means health care providers need to “act aggressively to prevent the emergence and spread of these unusual CRE organisms.” Enterobacteriaceae lives in water, soil and the human gut. These “surperbugs” have developed high levels of resistance to antibiotics – even carbapanems. Individuals who usually develop CRE infections...
  • Reports of rare superbug jump in US, CDC says

    02/27/2013 7:56:45 AM PST · by chessplayer · 13 replies
    A sharp jump in the number of rare but potentially deadly types of a superbug resistant to nearly all last-resort antibiotics has prompted government health officials to renew warnings for U.S. hospitals, nursing homes and other health care settings. The move comes just as researchers in Israel are reporting that people colonized with dangerous CRE -- Carbapenem-resistant enterobacteriaceae -- can take more than a year before they test negative for the bacteria, making it more difficult to control -- and raising the risk of wider spread. Reports of unusual forms of CRE have nearly doubled in the U.S., the Centers...
  • New Bacteria Raises Concern

    12/03/2012 1:31:48 AM PST · by neverdem · 167 replies
    KDLT ^ | November 29, 2012 | Laura Monteverdi
    A deadly bacteria known as Carbapenem-Resistant Enterobacteriaceae, or CRE, is raising concerns in the medical community. Jennifer Hsu in an Infectious Disease Physician at Sanford Health and has been closely studying this 'super bug' which is best known for it's ability to defy even the strongest of drugs. “What has happened over time with increasing exposure to antibiotics the bacteria have developed ways to evade those antibiotics and they become resist to a certain class of antibiotics,” said Hsu. In the United States, the bacteria have been found primarily in healthcare facilities and hospitals and are known to prey on...
  • Spanish and Italian commercial real estate markets meltdown

    08/14/2012 6:07:38 AM PDT · by TigerLikesRooster · 7 replies
    American Thinker ^ | 08/13/12 | Rick Moran
    August 13, 2012 Spanish and Italian commercial real estate markets meltdown Rick Moran My jaw dropped when I read this Financial Times report on the commercial real estate markets in Spain and Italy: The Spanish and Italian commercial property markets have all but collapsed with the number of transactions in both countries falling more than 90 per cent in the three months to July as investors worry about the future of the eurozone. Only three property transactions were registered in Spain during the second quarter, down from 58 deals in the previous quarter. In Italy the slide was even more...
  • Accessing Capital for Commercial Real Estate Is Difficult in the New Normal

    05/05/2011 8:10:24 AM PDT · by TigerLikesRooster · 2 replies
    RE Journal ^ | 05/04/11 | Richard Gatto
    Accessing Capital for Commercial Real Estate Is Difficult in the New Normal May 04, 2011 | Staff Writer By Richard Gatto Executive Vice President – The Alter Group With the nation’s banks sitting on between $1.2 and $1.3 billion worth of capital, they are nevertheless reluctant to lend on commercial real estate because of the elevated level of risk and current valuations of properties already on their books. Many banks own portfolios of commercial real estate whose valuations have declined significantly and do not want to increase their exposure. Currently, banks are under pressure to de-leverage and raise their book...
  • Commercial Real Estate Clouded by Delinquencies

    05/05/2011 8:07:28 AM PDT · by TigerLikesRooster · 10 replies
    CNBC ^ | 05/04/11 | Diana Olick
    Commercial Real Estate Clouded by Delinquencies Published: Wednesday, 4 May 2011 | 1:28 PM ET By: Diana Olick CNBC Real Estate Reporter Barely a few minutes after reading an article in the Wall Street Journal about banks finally opening the "spigot for commercial real-estate," the folks over at Trepp issued their monthly report on the delinquency rate for commercial mortgage backed securities (CMBS); let's just say it isn't good. After two months of very minimal rate increases, the number jumped in April, 23 basis points, to 9.65 percent, "the highest reading in the history of the CMBS market," according to...
  • Commercial Real Estate Breathes Life Into a Moribund Market(JPM securitizing CRE)

    03/03/2011 7:39:07 AM PST · by TigerLikesRooster · 5 replies
    NYT ^ | 02/28/11 | SUSANNE CRAIG
    February 28, 2011, 3:37 pm Commercial Real Estate Breathes Life Into a Moribund Market By SUSANNE CRAIG A crucial part of the securitization market — the Wall Street credit machine that helped set off the financial crisis — is kicking back into gear. In the last few weeks, a number of big banks have successfully bundled and sold new securities backed by commercial real estate loans. Morgan Stanley and Bank of America completed a $1.55 billion deal last month that included office and retail properties. So far this year, financial firms have sold about $5 billion of commercial mortgage-backed securities,...
  • Commercial real estate brought down failed banks in February

    03/02/2011 7:41:29 AM PST · by FromLori · 21 replies · 1+ views
    Housing Wire ^ | 3/1/2011 | JON PRIOR
    Of the nonperforming loans on the balance sheets of the 12 banks that failed in February, 72% were for commercial real estate, according to analytics firm Trepp. There have been 23 bank failures in 2011, but Federal Deposit Insurance Corp. Chairman Sheila Bair said closings this year will not surpass the 157 shuttered in 2010. That was an 18-year high, which Bair said will prove to be the peak coming out of the financial crisis. Analysts at Trepp estimate that there should still be more than 100 failed institutions by the end of 2011, however. Most of the February failures...
  • Moody's finds commercial real estate eluding recovery

    02/23/2011 12:27:52 PM PST · by FromLori · 3 replies
    Housing Wire ^ | 2/22/2011 | CHRISTINE RICCIARDI
    After three consecutive months of increases, commercial real estate prices fell 0.9% in December, according to Moody's Investors Service. This up and down activity is leading analysts to say any recovery in the space is hard to pin down. According to the latest commercial property price index from the rating agency, prices at the end of December slumped 42.1% below their peak hit in October 2007. Prices throughout last year also fell 2.1% compared a year earlier.
  • Maturing Commercial Mortgage Loans A Big Headache For Business Owners

    02/06/2011 9:20:01 PM PST · by FromLori · 16 replies
    Thousands of commercial mortgage loans worth north of $200 billion will have to be re-financed or paid in full in the coming months, giving business and commercial property owners and the banks that hold these loans some major anxiety. Listen closely. The faint ticking in the background of the jubilant, media-fueled celebration of America's statistical economic recovery is yet another mortgage time bomb set to explode in our faces and ruin the party. Much has been written and said about the continued problems in residential real estate arena, but the destructive force of defaulting commercial mortgage loans and evaporating equity...
  • CRE "extend and pretend" reaching breaking point

    02/01/2011 6:12:18 PM PST · by FromLori
    Housing Wire ^ | 1/31/2011 | JACOB GAFFNEY
    For 2011, 10 of the 11 banks that have closed so far showed bad commercial real estate loans taking the lion's share of the distressed loan book. In six of those cases, losses on bad construction loans made up more than half of the bank's nonperfoming loans. According to Trepp Analytics, CRE loans comprised $600 million, or 82% of the $732 million in nonperforming loans. For the past two years, lenders followed a trend of refinancing the terms of the loan, in a strategy called "extend and pretend."
  • Commercial property loans pose new threat

    12/31/2010 7:08:26 AM PST · by FromLori · 18 replies
    Financial Times ^ | 12/30/2010 | Gillian Tett
    What will happen to the financial system if US interest rates keep rising? That is a question many investors are pondering, given the recent sharp upward swing in US Treasury yields. There is plenty to fret about: higher rates could hurt US homeowners, for example, as well as delivering more pain for struggling municipalities. However, there is another sector that investors should watch: commercial real estate. During the past three years, the CRE sector has not generally grabbed much attention, because events there have not been as dramatic as in subprime (in 2007-08) or sovereign debt markets (in 2010) But...
  • U.S. government mulls luring foreign property owners(tax break 4 foreign CRE buyers)

    04/17/2010 7:42:07 AM PDT · by TigerLikesRooster · 8 replies · 355+ views
    Reuters ^ | 04/16/10 | Ilaina Jonas
    U.S. government mulls luring foreign property owners Ilaina Jonas - Analysis NEW YORK Fri Apr 16, 2010 4:36pm EDT NEW YORK (Reuters) - Tax breaks may not be enough of a sweetener to bring foreign buyers back into the flailing U.S. commercial real estate market, where falling rents, rising vacancies, a scarcity of debt financing and lack of property for sale have acted as deterrents. Congress is considering a move to lower or eliminate U.S. taxes currently imposed on foreign investors of U.S. commercial real estate, where the number of sales has fallen off a cliff over the past two...
  • Silverstein could default on midtown tower(defaulting CRE loan held by CA Teacher's Pension)

    03/10/2010 8:19:04 PM PST · by TigerLikesRooster · 6 replies · 353+ views
    Crain's New York Business ^ | 03/10/10 | Theresa Agovino
    Silverstein could default on midtown tower By Theresa Agovino Published: March 10, 2010 - 5:37 pm Developer Larry Silverstein, who has been feuding with the Port Authority of New York & New Jersey over building towers at Ground Zero, faces imminent default on one of his existing office buildings: 575 Lexington Ave. The $325 million balance of the loan on the building, which Mr. Silverstein holds along with the California State Teachers Retirement System, was transferred to a special servicer on Wednesday, according to Fitch Rating. Special servicers try to salvage troubled loans for lenders. The partners bought the building...