Most of next week for the first week of September should remain hot and humid. Daily highs in the low to even mid 90s with muggy mornings in the low 70s. A ... More...
Carol Sim Named as President and CEO of Siskin Hospital
Siskin Hospital for Physical Rehabilitation officials announced Wednesday that Carol Sim, RN, has accepted the position of President and Chief Executive Officer, beginning February 1, 2014. Sim brings more than 30 years in healthcare and leadership experience to Siskin Hospital, including eleven years as a CEO.
“After conducting a thorough nationwide search, we are excited to have secured an individual the caliber of Carol Sim. She has a proven track record in hospital and health system executive management with a passion for rehabilitation and the patients served,” said Bob Best, Chairman of Siskin Hospital’s Board of Directors. “We are confident in Carol’s ability to build upon the strengths of Siskin Hospital and take the Hospital successfully into the future. She will be a dynamic asset to Siskin Hospital and the community.”
The retirement plans of current President and CEO Robert P. Main were announced in April and the national search began at that time. Main will assist with the transition and continue in his current position until the end of January. A search committee consisting of a national search firm and members of Siskin Hospital’s Board Executive Committee conducted the search for the Hospital’s next dedicated leader. Siskin Hospital’s Board of Directors unanimously approved Sim as the new President and CEO.
Sim recently served as President and CEO of the Rehabilitation Hospital of the Cape and Islands, a member of the nationally acclaimed Spaulding Rehabilitation Network in Boston. Her experience also includes serving as CEO of a rehabilitation hospital in Florida, as well as a home health organization in Connecticut. Additionally, Sim has served for sixteen years in a variety of clinical and management roles at Yale-New Haven Hospital.
“Carol is an excellent choice to continue the mission and culture of Siskin Hospital and to build on our reputation for excellence on a local, regional, and national level. Her character, enthusiasm for rehabilitation, and her proven success record will serve her well as the next leader of Siskin Hospital,” said Main.
Sim’s extensive community involvement as a director for many organizations such as the Cape Cod Symphony, Cape Cod Five Cent Bank, Cape Leadership Institute, and Cape Technology Council led the Cape Cod Times to characterize her as “one of a handful of the most influential people on the Cape over the past decade.” Sim was awarded the Cape Cod Leader of the Year Award from the Cape Leadership Institute and the Woman of Achievement Award from the Professional and Business Women’s Association of Cape Cod.
Sim holds a Bachelor of Science degree in Nursing, as well as a Masters of Public Health in Health Policy and Management, both from Columbia University.
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Last Update on August 29, 2014 17:14 GMT
WASHINGTON (AP) -- U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed in July.
The Commerce Department says consumer spending edged down 0.1 percent last month after a 0.4 percent increase in June. It was the first decline in spending since January. Income growth slowed to a 0.2 percent rise in July, the weakest showing in seven months.
The fall in spending came primarily from a decline in auto sales, which took a breather in July after posting big gains in recent months, although spending in other areas was also weak.
Consumer spending accounts for 70 percent of economic activity, so it needs to recover for the economy to keep its momentum in the second half of the year.
WASHINGTON (AP) -- U.S. consumer sentiment ticked up in August, driven by greater optimism about jobs, rising incomes, and increasing wealth. The increase largely occurred among higher-income groups.
The University of Michigan says its index of consumer sentiment rose to 82.5 from 81.8 in July. Still, it has barely risen in the past year.
Consumers have sent mixed signals in recent months. The Michigan index has fluctuated between 80 and 82.5 since December. A measure of consumer confidence by the Conference Board rose this month to nearly a seven-year high. And yet Americans cut back their spending in July.
Nearly 60 percent of households in the top third of income earners say they are financially better off this month, the Michigan survey found, compared with only 36 percent in the bottom two-thirds.
DETROIT (AP) -- U.S. investors should soon be able to buy stock in Chrysler for the first time in seven years.
Italy's Fiat and Chrysler are merging to form Fiat Chrysler Automobiles. Fiat says Friday that an ongoing tally of investors suggests there is not enough opposition to derail the deal.
Earlier this month, Fiat shareholders approved combining the companies. But Italian law gives dissenters the right to cash out. Fiat has said that if investors offered more than 500 million euros ($650 million) in shares, the merger would be off.
Fiat SpA will announce the final tally by Sept. 4. So far the maximum number of shares to be cashed is below the cap.
Shares of Chrysler haven't been publicly traded since 2007 when it was still combined with German automaker Daimler.
RICHMOND, Va. (AP) -- Federal regulators are putting Reynolds American Inc.'s planned $25 billion takeover of rival cigarette maker Lorillard Inc. under the microscope.
The nation's second-biggest tobacco company said Friday that the Federal Trade Commission has asked for additional information as part of an antitrust review of the deal.
In July, Reynolds announced the deal to combine two of the nation's oldest and biggest tobacco companies, creating a formidable No. 2 to rival Altria Group Inc., owner of Philip Morris USA.
Reynolds markets Camel, Pall Mall and Natural American Spirit cigarettes. Lorillard sells Newport, Maverick and Kent cigarettes.
The companies plan to sell the Kool, Salem, Winston, Maverick and blu eCig brands to Imperial Tobacco Group for $7.1 billion to ease regulatory concerns about competition.
HEALTH OVERHAUL-TAX FORMS
WASHINGTON (AP) -- The federal agency that brought you the glitchy HealthCare.gov website has a massive new project.
If the Health and Human Services department has trouble this time, that could delay tax refunds for many people.
Complicated connections between the new health care law and income taxes will start to surface in 2015.
HHS has to send millions of people who got health insurance tax credits this year a new tax form that's like a W-2 for health care. It's called a 1095-A.
If they're delayed beyond Jan. 31, people who got coverage through the new insurance exchanges may have to wait to file their taxes -- and collect their refunds.
Some tax preparation companies are worried.
The Obama administration says it's on task, but won't provide much detail.
BRUSSELS (AP) -- Inflation has fallen to an annual 0.3 percent in August for the 18 countries that use the euro, underlining the shakiness of the continent's economic recovery.
Eurostat, the EU statistics agency, says the figure is down from 0.4 percent in July, as expected by market analysts.
Core inflation, which excludes volatile food and energy, sent a modestly brighter signal as it rose to 0.9 percent from 0.8 percent.
The eurozone economy showed no growth in the second quarter as fears about the Ukrainian crisis weighed on consumers and investment decisions.
The European Central Bank has warned that inflation expectations are worsening and says it will add more stimulus if needed. Many analysts are predicting the bank will launch large-scale purchases of financial assets to pump more money into the economy.
SAO PAULO (AP) -- Brazil's government says the country's gross domestic product contracted 0.6 percent in the second quarter compared with the previous three months, sending the country's economy into a recession.
The government's IBGE statistics bureau said Friday it was the second consecutive quarterly contraction of the economy.
In the first quarter of the year, GDP was reported as having grown 0.2 percent. But that figure was revised downward to minus 0.2 percent.
The IBGE says the country's GDP stands at 1.27 trillion reals ($567 billion).
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