| 34% of elderly use long-term care insurance in-home
About 34 percent of elderly Americans claiming benefits from long-term care insurance policies last year used them to cover in-home care, according to a study released last week by an industry group. Almost 30 percent of the payments went for assisted living costs, and about 36 percent went for nursing home care, while the total paid out last year came to $3.3 billion, according to the Washington-based American Association for Long-Term Care Insurance. .
Ruth Sunderland
An unaccustomed mood of humility is in the air at HSBC Towers. The bank suffered the ignominy of having to issue its first profits warning in living memory, with bad debt write-offs in its US consumer finance division $1.8bn higher than expected. Other lenders in the US second mortgage market are suffering similar difficulties. The worrying thing for HSBC, however, is that it had too much of this risky business on its books because its usual controls were not in place. By its own admission, it was too hands-off in its management of the US operation. .
Dubai-based Swede pips Els and Woods to home title
The Dubai-based Swede, who has finished in the top eight in the last six tournaments in the Middle East, overcame gusts of up to 30kph to shoot a closing 68 for a 19-under ally of 269 at the Emirates Golf Club. Overnight leader Ernie Els (71) struggled to recover from a three-bogey outward half of 37. The three-time champion eventually finished second, despite holing out from a greenside bunker for a birdie at the 14th. World number one Tiger Woods (69), who had won nine times in his previous 12 starts, was a further stroke back on 271 alongside Swede Niclas Fasth (68). I fought hard all week and to beat Ernie by one is awesome, the 30-year-old Stenson told Sky Sports after rolling in an uphill eight-foot birdie putt at the par-five 18th. Living here in Dubai and having all the local fans, my friends and family watching me this week, it feels special to win this one. World number 14 Stenson, who hits the ball prodigious distances off the tee, secured victory with a four-under back nine of 33 which included a run of three birdies in four holes from the 11th. The Swede, who won the 2006 Qatar Masters and was joint seventh in his title defence last Sunday, was ably assisted in Dubai by Nick Faldo's former caddie Fanny Sunesson. I may not hit it that close (to the pin) all the time but I've hit some quality shots and had a lot of two-putts this week, said Stenson, who also finished eighth at the Abu Dhabi Championship two weeks ago. I just tried to wear everyone out really and I succeeded.
TECH CHRONICLES / VISIONS OF INDIA / A daily dose of postings from the Chronicle's technology blog ...
The Tech Chronicles' Al Saracevic is spending a few days in India, checking in on the world's fastest-growing technology economy. Stick with him over the next few days as he ventures to the greatest engineering school in the world. And visits Cyber City. And even gets to Bollywood, all in search of the latest tales from the new economy.
Apparently, sending jobs to India is a lot easier than sending yourself. That much I learned on the first few days of my journey to India's technology heartland. I endured a Marco Polo voyage that thousands of Bay Area tech workers deal with on a regular basis. How bad? Consider this: I left SFO Jan. 31 and touched down in Chennai on Feb. 2. It took me two cabs, three planes, two bus rides, four naps, a well-timed Bloody Mary and a tram ride to get here.
An economic bond can bind us together
With the onset of armed struggle in the year 1989, when militant outfits were busy in issuing statements coupled with armed resistance challenging J&K State's accession with Union of India, there was a section of separatists who launched an awareness campaign to promote economic self-reliance. Under the banner of "Anaj Ogav, Azaadi Pav" this section of separatists were stressing people to protect Kashmir's economic potential and simultaneously desist from converting a fertile piece into a barren land for commercial purpose. Since the atmosphere was totally gripped in favour of armed conflict, there were no takers for the campaign and it was shelved. The senior separatist leader who initiated the campaign, even today has firm belief that first and foremost thing is economic independence where Kashmiris have to be self reliant and safeguard resources which can pave way for smooth economic development of the general masses and the State.
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