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#hcr edit
mixamorphosis · 6 months
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Blog post and linked up tracklist [HERE].
Tracklist
Cecile - Sweetness 86 (Gomma) Space System - Master Of The Sky (Heels Of Love Mix) (Pizzico Records) Trickski - Pill Collins (Suol) LF/LB - Faded Lady (Liiny's Moussaka Mix) (Freshit Recordings) Spandau Ballet - True (No Request's Re-work) (Not On Label) Havana Candy - Lost In Space (HCR) Joey Negro pres. Kola Kube - Why? (Joey Negro Block Party Edit) (Z Records) Tal M. Klein pres. The Disco Builders - Alone (Aniligital) Apiento & Co. - She Walks (Leng) Boogymann - Ride On (Superhuit) Craig Bratley - Birdshell (6th Borough Project 'Shell Toe' Remix) (Instruments Of Rapture) The Chi-Lites - We Need Order (No Request's Re-work) (Not On Label) Alan Parsons Project - I Wouldn't Want To Be Like You (Beatconductor Re-work) (Spicy) George Benson - Give Me The Night (A.C. Edit) (Not On Label)
Download available via [HEARTHIS]
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mrssupe · 2 years
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Thank you to everyone who has supported #carryingon so far. Download a copy at the link in the bio. Here is a page from the second book in the series. Written this morning. FYI, I draft my books longhand with a smartpen and I edit the HCR transcription. Let me know what you think of Carrying On so far. . . The book is available to read on the Saga Fiction app, Kindle and Kobo. . . Link in the bio! . . #sagafiction #itsasaga #comedymystery #drama #contemporaryreads #crimereads #readingcommunity #comingsoon #ebooks #booklover #ebookreader #bookcommunity #womensfiction #crimemystery #fiction #comedyreads #bookworm #blackvoice #latestrelease #Kindle #Kobo #Kindlereads #ebookreader Reposted from @sagafiction https://www.instagram.com/p/Cft-AXqLO1B/?igshid=NGJjMDIxMWI=
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marshmallowtraver · 5 years
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song titles in songs ↳ recklessly // hot chelle rae
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daniellesimagines · 7 years
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Big City Dreaming (Ryan Follese)
submitted by anonymous
“Ryan!” I moan out as he kisses down my neck.
“Hmmm,” he hums back.
“Don’t stop,” I moan out and encourage him.
“Wouldn’t dream of it, princess,” he smiles into my neck.
No matter how many times he calls me that, it always gets me going. I’m pretty sure my underwear is now ruined because of how wet Ryan makes me.
“I need more,” I breathily moan out to him.
“Where do you need me, princess?” he asks.
“Here,” I breathe out and guide one of his hands to my core.
“So wet, princess. Is this all for me?” he teases me more.
“Yes,” I moan, “Ryan. Ugh. Fuck. Stop teasing me.”
“What was that?” I can hear the smirk in his voice.
“Please, Ryan. I need you. Only you. Please!” I cry out.
“Okay, princess,” he says with a smirk. I feel him move my underwear to the side and tease my dripping folds once more. I jerked my hips forward to try to create more friction.
“Please, Ryan. I need you. I want your fingers in me. Please make me feel good,” I moan and cry out once more.
“Don’t worry, princess, all your wildest dreams will come true,” he says. With that, he pushes one finger into me, just getting me warmed up.
After I got used to it, I moan out, “More.”
“Okay, Princess,” he says, adding another finger and using his thumb to add pressure and pleasure to my clit.
“Ryan,” I moan out, floating on cloud 9.
“Are you close, princess?” he asks. Why does he insist on always teasing me?
“Yes. Ryan! Harder! More! Ugh. Fuck!” I moan out.
“Let go, princess,” he says.
As I’m about to fully let go, I hear the incessant noise of my alarm, waking me up from my glorious dream; I knew it was too good to be true. Of course of all people, I had to have a wet dream about Ryan, my amazingly sexy best friend and neighbor.
Let me explain one thing: it wasn’t just a sex dream. It was in a penthouse suite overlooking New York City. Neither of us lived in a penthouse. And the building didn’t even have a penthouse.
This one had floor to ceiling windows. I was in a beautiful dress, Ryan was in a full suit. I wish I could remember more, but I’m pretty sure I can’t look at Ryan in the same way.
We’ve been friends since I moved into the building several years ago. I was -- and still am -- a girl with a dream wanting to live in a big city. Ryan worked at a record label but chose to live in the same crappy building I could barely afford. He helped me move in since he saw me struggling. The rest is history.
And true to every cliche story about how girl meets boy, girl becomes best friends with boy, and girl falls for boy; I fell for Ryan. Hard.
As much as I would love to make a move, I need to focus on my dreams. I’m still working as a waitress in midtown until I hit a break. Ryan has offered to help me out several times by passing my resume to HR at the label he works at, but I always refused because my stubbornness made me want to do this on my own.
But maybe it was time to cave and let him...?
I’ve applied to several jobs, but I’m actually happy waitressing. It pays decently enough, but the real money is in the tips since I work at one of the fancier places. It’s nice, the people are great, and I get free food and dessert. This usually ends with Ryan and I sitting on one of our couches splitting the dessert and, more often than not, we ended up drinking.
Luckily, I never got drunk enough to share my true feelings.
I also babysat and nannied whenever I could. It was always nice going to the upper east side to babysit when the regulars couldn’t make it. I also loved being able to babysit in basically every neighborhood since I would always people watch and make a nice amount of money every time.
But enough about my boring life -- let’s talk more about Ryan.
Now, we’ve been friends for 5 years now, and I think I might finally make a move. Maybe.
~
“So what dessert do you have tonight?” Ryan asked me as he grabbed two spoons from his kitchen. Tonight after work, I decided to go to his place after I finished my shift. The only problem is that I couldn’t get that dream out of my head.
“I was able to snag a whole chocolate cake with extra caramel sauce and chocolate shavings,” I say while taking the to go box out of the bag I was carrying.
“Have I told you how much I love you lately?” he asks me.
“No,” I say back, “But you only say that when you want something or I bring you food.”
“True,” he agrees with me, “But you’re absolutely incredible.”
“Thank you, I try,” I respond.
“So movie, show, or just talking?” he asks as we move toward the living room.
“Talking?” I question back, “And can we jut sit at the island?”
“Sure. Easier to share the cake at the table than on the couch,” he says, sitting down on one of the stools.
“Sweet,” I say as I sit down, ready to open the box of pure deliciousness.
“So what do you wanna talk about?” Ryan asks as we start eating the chocolate cake.
“As much as I’m gonna hate myself for what I’m about to say,” I start but get cut off by Ryan.
“This is a judgment free zone,” he interrupts.
“Says the guy who judges me so hard every time I dip my fries into soft serve ice cream,” I counter.
“That’s just plain weird though!” he defends.
“Forget I said anything,” I decide, “I don’t want to get judged tonight.”
“Tell me!” he says and then stuffs more cake into his face.
“No,” I stand by my decision.
“Yes!”
“No!”
“Please?“ he drags out.
"I had a sex dream about you let night!” I scream. Oh shit.
“What...?” he was taken aback.
“I had a wet dream about you,” I admit defeat and tell him, “I know we're best friends, but I love you -- I really do.”
“I’m not mad,” he tells me first.
“Really?” I ask as I eat more cake.
“Yes, because I’ve had several vivid dreams about you too,” he says honestly.
“What?” I drop my fork and it crashes on the island.
“I have, because you’re so incredibly beautiful and sexy, and I still don’t understand how or why you agreed to be my friend,” he confesses.
“You really think so?” I ask. I’ve always been self-conscious.
“Yes, I do,” he says, “And I can’t count the number of times I think of you or see you and end up having to calm down or just take care of how hard you make me.”
“Really?” I’m still in shock.
“Yes!” he laughs, “And you’re an incredibly sweet person too. You’re always there for me, and I’m so glad we’re best friends, but I’ve wanted more for a while now.”
“Me too,” I agree shyly, “I’ve been soaking wet since I got here. Every little thing you do makes my heart swell and I’ve just been too shy to admit it.”
“I was worried you didn’t feel the same,” he continues. Instead of answering, I just smash my lips onto his.
Once we pull apart, I ask, “Wanna continue this in your room?”
“Absolutely,” he says and practically drags me to his bedroom.
Let’s just say that we didn’t get much sleep that night...
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astonishinglegends · 3 years
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Ep 200: The Disappearance of Frederick Valentich Part 2
“It seems to me that he’s playing some sort of game. He’s flying over me two, three times at a time, at speeds I could not identify.”
– Frederick Valentich - 7:08 pm, somewhere over the Bass Strait in Australia, October 21st, 1978
Description:
When the facts about a paranormal event yield no more answers, investigators and the public alike tend to turn their attention to the experiencer's character to ascertain its authenticity. So what kind of person was Frederick Valentich? A once-lost aircraft accident report from Australia's Department of Transport, which resurfaced in 2012, has shed some light on Valentich's behavior and state of mind leading up to the moment of his disappearance. Through extensive interviews with his family, friends, associates, and the flight personnel he came into contact with, a picture emerges of Valentich's disposition. Although there were some puzzling actions and statements by the young pilot, overall, he appeared to be a dedicated and serious student of aviation. Yet if a paranormal cause of his disappearance is off the table of consideration, then the answer must lie in one of his shortcomings, right? This has led to speculation that Valentich intended to abscond with the aircraft and start a new life, or he planned a mysterious suicide, or that as a UFO enthusiast, he simply mistook stars and planets for a UFO and crashed trying to avoid it. As we delve further into the details and analysis from the official report in part two of our series, we're joined by listener and lifelong Melbourne resident Chris Tyler. Being quite familiar with the case, Chris will lend his own insight into the mystery and illustrate this enchanting Australian backdrop's prevailing attitudes and characteristics.
Location:
Moorabbin Airport, where Frederick Valentich took off from on October 21, 1978, headed for King Island across Bass Strait.
Reference Links:
“Capturing the Light” – The true story of Dorothy Izatt on Amazon Prime
The Frederick Valentich case on the original Unsolved Mysteries, Season 5, Episode 2 on Amazon Prime
“Last Light: the Valentich Mystery” from The History Listen with Kirsti Melville on ABC.net.au
“Disappearance of Frederick Valentich” on Wikipedia
“What Happened to Frederick Valentich? Possibly the scariest UFO case ever” by OzWeatherman on AboveTopSecret.com
“Valentich Case Files Finally Released” by Kandinsky on AboveTopSecret.com
“The Valentich Abduction/Disappearance: 40th Anniversary” by MirageMan on AboveTopSecret.com
“The Abduction of Fred Valentich” from The Unexplained Files on Discovery UK – YouTube clip of Melbourne Flight Advisor Officer Steve Robey describing his radio communication with Valentich
Complete episode on the Valentich disappearance from The Unexplained Files on the Discovery Channel
Cessna 182 “Skylane”
Valentich’s missing aircraft report online, from the National Archives of Australia
Download of Valentich’s missing aircraft report as a PDF
Bass Strait
Moorabbin Airport
“'Truth' was out there after all –An accidental discovery sheds new light on the mysterious disappearance of a pilot in 1978, writes Miles Kemp” from The Advertiser
Australian UFO researcher, Keith Basterfield
Melbourne, Australia
Tasmania
King Island, Tasmania
Visit King’s Island
“Biography of Bette Nesmith Graham, Inventor of Liquid Paper” on ThoughtCo.com
Bette Nesmith Graham on Wikipedia
Australian crayfish
The TCAS or Traffic collision avoidance system
“What C.S. Lewis and Martin Luther Would Say About Our Coronavirus Panic”
Black Death
Second plague pandemic
“Plague was one of history’s deadliest diseases—then we found a cure” on NationalGeographic.com
Suggested Listening:
Check out our good friend Gledders’ paranormal podcast, ANOMALY, where he, his co-host Steve Freestone, and Forrest discuss some of the more weird and wild events of 2020 and more in his latest 2-part series. Click here to subscribe and listen on Apple Podcasts, Google Podcasts, the website at anomaly.co.uk, or anywhere excellent podcasts are found.
And then after that, check out Gledders’ “80’s Mix Tape” for the best in 1980s music, Saturdays, 6:00 to 8:00 p.m. in the UK, or stream anytime at Huntingdon Community Radio HCR 104 FM!
SPECIAL OFFERS FROM OUR SPECIAL SPONSORS:
FIND OTHER GREAT DEALS FROM OUR SHOW’S SPONSORS BY CLICKING HERE!
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Mint Mobile – After the year we’ve all been through, saving money should be at the top of everyone’s resolution list… So if you’re still paying insane amounts of money every month for wireless, what are you doing? Switching to Mint Mobile is the easiest way to save this year. As the first company to sell premium wireless service online-only, Mint Mobile lets you maximize your savings with plans starting at JUST $15 a month. By going online-only and eliminating the traditional costs of retail, Mint Mobile passes significant savings on to YOU. All plans come with unlimited talk and text + high-speed data delivered on the nation’s largest 5G network. Use your own phone with any Mint Mobile plan and keep your same phone number along with all your existing contacts. And if you’re not 100% satisfied, Mint Mobile has you covered with their 7-day money-back guarantee. To get your new wireless plan for just $15 bucks a month, and get the plan shipped to your door for FREE, go to MintMobile.com/AL !  
BetterHELP – Is there something interfering with your happiness or is preventing you from achieving your goals? BetterHELP will assess your needs and match you with your own licensed professional therapist. It’s not a Crisis Line, it’s not self-help, it’s professional counseling done securely online, and you can start communicating in under 48 hours. There’s a broad range of expertise available that may not be locally available in many areas, but this service is available for clients worldwide. You can login to your account anytime and send a message to your counselor. You’ll get timely and thoughtful responses plus you can schedule weekly video or phone sessions so you won’t ever have to sit in an uncomfortable waiting room as with traditional therapy. BetterHELP is committed to facilitating great therapeutic matches so they make it easy and free to change counselors if needed. It’s more affordable than traditional offline counseling and financial aid is available. BetterHELP wants you to start living a happier life TODAY! Read the testimonials that are posted daily. Visit betterhelp.com/astonishing and get 10% OFF your first month. Join the over 1,000,000 people taking charge of their mental health with the help of an experienced professional.
Credits:
Episode 200: The Disappearance of Frederick Valentich Part 2. Produced by Scott Philbrook & Forrest Burgess; Audio Editing by Sarah Vorhees Wendel. Sound Design by Ryan McCullough; Tess Pfeifle, Producer, and Lead Researcher; Research Support from the astonishing League of Astonishing Researchers, a.k.a. The Astonishing Research Corps, or "A.R.C." for short. Copyright 2021 Astonishing Legends Productions, LLC. All Rights Reserved.
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hanjoan · 6 years
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Microstar - microstar album(2008.05.21/Limited Edition, Original recording) [VSCD-3382; HCR-9655] https://ift.tt/2rFZQSp
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1librarynet · 4 years
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Handwritten Character Recognition Using Multiresolution Technique and Euclidean Distance Metric
(1)Journal of Signal and Information Processing, 2012, 3, 208-214 http://dx.doi.org/10.4236/jsip.2012.32028 Published Online May 2012 (http://www.SciRP.org/journal/jsip). Handwritten Character Recognition Using Multiresolution Technique and Euclidean Distance Metric Dileep Kumar Patel1, Tanmoy Som1, Sushil Kumar Yadav2, Manoj Kumar Singh3 1 Department of Applied Mathematics, Institute of Technology, Banaras Hindu University, Varanasi, India; 2Department of Statistics, Faculty of Science, Banaras Hindu University, Varanasi, India; 3DST Centre for Interdisciplinary Mathematical Sciences, Faculty of Science, Banaras Hindu University, Varanasi, India. Email: {dkpatel.bhu, sush.stats}@gmail.com, [email protected], [email protected]. Received July 28th, 2011; revised January 18th, 2012; accepted March 21st, 2012. ABSTRACT In the present paper, the problem of handwritten character recognition has been tackled with multiresolution technique using Discrete wavelet transform (DWT) and Euclidean distance metric (EDM). The technique has been tested and found to be more accurate and faster. Characters is classified into 26 pattern classes based on appropriate properties. Features of the handwritten character images are extracted by DWT used with appropriate level of multiresolution technique, and then each pattern class is characterized by a mean vector. Distances from input pattern vector to all the mean vectors are computed by EDM. Minimum distance determines the class membership of input pattern vector. The proposed method provides good recognition accuracy of 90% for handwritten characters even with fewer samples. Keywords: Discrete Wavelet Transform; Euclidean Distance Metric; Feature Extraction; Handwritten Character Recognition; Bounding Box; Mean Vector. 1. Introduction The shape variation of handwritten characters causes the misclassification, therefore multiresolution of handwritten characters is important for the correct recognition. Using multiresolution we can reduce the size of characters without losing the basic characteristics of characters, therefore more accuracy and better recognition rate can be achieved using multiresolution. The extensive applications of Handwritten Character Recognition (HCR) in recognizing the characters in bank checks and car plates etc. have caused the development of various new HCR systems such as optical character recognition (OCR) system. There are so many techniques of pattern recognition such as template matching, neural networks, syntactical analysis, wavelet theory, hidden Markov models, Bayesian theory and minimum distance classifiers etc. These techniques have been explored to develop robust HCR systems for different languages such as English (Numeral) [1-3], Farsi [4], Chinese (Kanji) [5,6], Hangul (Korean) scripts [7], Arabic script [8] and also for some Indian languages like Devnagari [9], Bengali [10], Telugu [1113] and Gujarati [14]. HCR is an area of pattern recognition process that has been the subject of considerable research during the last few decades. Machine simulation of human functions has been a very challenging research Copyright © 2012 SciRes.. field since the advent of digital computers [15]. The ultimate objective of any HCR system is to simulate the human reading capabilities so that the computer can read, understand, edit and do similar activities as human do with the text. Mostly, English language is used all over the world for the communication purpose, also in many Indian offices such as railways, passport, income tax, sales tax, defense and public sector undertakings such as bank, insurance, court, economic centers, and educational institutions etc. A lot of works of handwritten English character recognition have been published but still minimum training time and high recognition accuracy of handwritten English character recognition is an open problem. Therefore, it is of great importance to develop automatic handwritten character recognition system for English language. In this paper, efforts have been made to develop automatic handwritten character recognition system for English language with high recognition accuracy and minimum classification time. Handwritten character recognition is a challenging problem in pattern recognition area. The difficulty is mainly caused by the large variations of individual writing style. To get high recognition accuracy and minimum classification time for HCR, we have applied multiresolution technique using DWT [16,17] and EDM [18,19]. Experimental results JSIP.
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https://1library.net/document/qmjow5wq-handwritten-character-recognition-multiresolution-technique-euclidean-distance-metric.html
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subboxy · 4 years
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GlossyBox April 2020 Review "Blossom" Edition + 20% Off Coupon
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It's time to review the April 2020 GlossyBox! GlossyBox is one of my favorite beauty boxes because it is usually packed with skincare products! About GlossyBox GlossyBox helps you discover new skincare and makeup products from around the world. You'll also get insider tips and tricks from beauty industry pros and exclusive offers and rewards. What you get: 5-6 luxury-sized beauty products Price: $21/month Shipping: FREE Ships to: 48 states (excluding Hawaii, Alaska and any U.S. territories) within the USA, as well as all territories and provinces in Canada. When it ships: Third week of the month DEAL: Get 20% off your first GlossyBox with this link and coupon code BLOSSOM20 We received this box for review purposes.
GlossyBox April 2020 Review "Blossom" Edition
GlossyBox shipped this month's box in their signature pink box.
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The info card was neatly tucked under a black bow.
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The info card has all the info you need to learn about each of this month's products in the "Blossom" edition.
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Here's our very first peek on what's inside the April box!
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Now, let's get a closer look at each of the products in this box! 1.  Colab Original Dry Shampoo - Retail Value $5.49
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This is a huge bottle of dry shampoo from Colab. As Spring starts and we become more busy, this dry shampoo will save you time when you're in between wash days. You'll get all the oil absorption but no white residue. To get some extra lift with the shampoo, you can flip your hair upside down, spritz it, and massage the shampoo into your hair. This shampoo gets a lot 4 out of 5 star reviews on Target.com. 2. Nails.INC Blossom Kisses Nail Polish - Retail Value $11
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Nails.INC brings you this perfectly pink, cruelty free nail polish in the April box. Don't you just love this color? It is perfect for a Spring mani or pedi or both! 3. Avant Skincare Gentle Rose Beautifying Face Exfoliant - $114
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This is a double duty face exfoliant from Avant that will intensely hydrating and smooth wrinkles on your skin. It will leave your skin soft and supple with its blend of rose and vitamin B5. Exfoliation is only required on a weekly, not daily, basis so you don't over irritate your skin. 4. CIREM HCR 3-in-1 Sheet Mask - Retail Value $20
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This 3-in-1 luxury sheet mask will help you revitalize, refresh, and restore your skin with just one step. This mask has Retinol which will help you immediately transform dull, devitalized skin. It also has vitamin C to brighten and boost your skin's luminosity and hyaluronic acid which will plump and hydrate your skin. 5. Flowerbomb Nectar Perfume - $23.69
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This nectar perfume takes Victor&Rolf's best selling Flowerbomb perfume to the next level! It has a really sweet scent with black currant and bergamot top notes, a jasmine an oragne flower center, and a vanilla, patchouli oil, and benzoin base to create a sensual impression that lingers all day long. 6. Inked By Dani Flower Child Temporary Tattoos - $12.99
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I was delighted to see temporary, hand-drawn tattoos in this month's box! I mean, I am not the type of person who would ever get a real tattoo (I'm too much of a baby!), but I would love to fake it at least temporarily! :) These flower child tattoos are adorable and there are 21 of them! They only need to be applied for 60 seconds with a wet cloth. In Summary The April 2020 GlossyBox "Blossom" Edition had 6 amazing products that will help me get ready for Spring! I can't wait to use the CIREM HCR 3-in-1 Sheet Mask and the Avant Skincare Gentle Rose Beautifying Face Exfoliant. I am also super excited to try the pink nail polish from Nails.INC and the super fun temporary tattoos! Retail Value: The retail value of our GlossyBox was $187+! Such an amazing deal for only What did you think of the April GlossyBox? DEAL: Get 20% off your first GlossyBox with this link and coupon code BLOSSOM20 Check out our past GlossyBox reviews!
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ouarzazate · 4 years
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Le HCR lance la deuxième édition du tournoi interculturel de basketball «<b>Morocco</b> Playground»
En participant à la création de liens solides, le tournoi Morocco Playground constitue ... résidente par intérim du Système des Nations unies au Maroc. source https://www.google.com/url?rct=j&sa=t&url=https://lematin.ma/journal/2020/hcr-lance-deuxieme-edition-tournoi-interculturel-basketball-morocco-playground/329977.html&ct=ga&cd=CAIyHGZjOGY3YTdmOWE3MjBhYTI6Y29tOmZyOlVTOkw&usg=AFQjCNE4upTNeg1uEyr1VcQfZKfFeUS7cw
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cleopatrarps · 6 years
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A bid to save $300 million at HCR ManorCare, and disrupt U.S….
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America’s aging population that will succeed where so many other models have struggled.
The main entrance of the HCR ManorCare headquarters in Toledo, Ohio, U.S., May 14, 2018. REUTERS/Aaron Josefczeyk
His secret: strip out the “for-profit” business model, and leverage the real estate in nursing homes for outpatient care.
DeRosa’s strategy starts with buying out the property of the huge bankrupt nursing home chain HCR ManorCare, and teaming up with a non-profit hospital operator, ProMedica, to create a 30-state healthcare system.
His own company, real estate investment trust Welltower Inc (WELL.N), is purchasing the ManorCare real estate for $2.7 billion under a deal unveiled April 24 and awaiting approval from a U.S. bankruptcy court.
ProMedica is buying ManorCare’s operations for $1.3 billion and combining them with its own surgery centers, clinics and health plan to form a network with $7 billion of annual revenues and 70,000 employees.
“This is about a health system moving into a beleaguered sector of healthcare,” DeRosa told Reuters in an interview. “We’re breaking down the wall of what has traditionally been acute care services and services for the aging.”
The aim is to strip out $300 million in costs from the operation, mainly from cheaper rent, once HCR ManorCare emerges from its Chapter 11 bankruptcy this year, according to interviews with Welltower and ProMedica executives.
ProMedica Chief Executive Randy Oostra expects the merger – which will propel the group into the 25 largest U.S. health systems by revenue alongside names like Mayo Clinic, Geisinger and Johns Hopkins – to boost margins by two percentage points to between 3 percent and 4 percent over the next few years.
ProMedica will also invest $400 million to revamp ManorCare’s facilities, and size up every site as an opportunity for different services or partnerships.
And by turning non-profit under ProMedica’s existing business model, ManorCare will see other annual cost savings of $30 million.
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“It is a disruptor,” Arthur Caplan, director of medical ethics at the New York University School of Medicine, said of the deal.
Yet the merged group must still overcome a perfect storm of eroding reimbursement rates, depressed occupancies, and competition from home health that has weighed on nursing facilities nation-wide.
To view a graphic on Real estate investments in senior housing, click: tmsnrt.rs/2I8SOR5
A NEW APPROACH
The proposal comes at a time when companies from hospitals and pharmacy chains including Tenet Healthcare Corp (THC.N) and CVS Health Corp (CVS.N) to insurance providers and retailers like Humana Inc (HUM.N) and Walmart Inc (WMT.N) are jostling to create new healthcare models for an aging population as U.S. medical costs continue to soar.
Outside the health sector, Amazon.com Inc (AMZN.O) has joined forces with Berkshire Hathaway Inc (BRKa.N) and JPMorgan Chase & Co (JPM.N) for a new model to help bring down healthcare costs.
REITs, including Welltower, invested heavily in skilled nursing centers at the turn of the decade but have struggled to collect, let alone raise, rents. Large REITs like Ventas Inc (VTR.N) have since abandoned the sector.
For hospitals, declining payments by Medicare – the largest payer for the 65 and over population – and declining admissions are driving a search for lower cost, non-hospital settings to deliver care, Oostra said.
Medicare penalties for patient readmissions are also forcing hospitals to follow up on recoveries, which often occur at a skilled nursing facility.
“Increasingly we’re getting more focused on things that go on outside of our walls,” Oostra told Reuters. He calls it a “blurring of the lines” in where clinical care starts and stops.
Enter HCR ManorCare, which in March filed one of the largest bankruptcies this year, dragged down by debt from private equity fund Carlyle Group LP’s (CG.O) $6.3 billion buyout in 2007 and unable to keep up with $450 million in annual rent payments to REIT landlord Quality Care Properties Inc (QCP.N).
Under the new structure, DeRosa plans to capitalize on the trend of more healthcare taking place outside of hospitals. This could mean basic surgeries like hip replacements or treatment for conditions such as congestive heart failure being provided directly in a skilled nursing center instead of a hospital.
For a person who traditionally would have recovered from knee or hip surgery in a skilled nursing facility, they may now receive more outpatient rehab or home health.
Medicare already covers certain home health services and has a pilot program that allows patients to receive care directly at a skilled nursing facility without prior hospitalization, as is the case currently.
“Medicare is testing this out and this is where people think healthcare is ultimately going and they want to be skating in that direction,” said Chas Roades, head of Washington D.C.-based consultancy Gist Healthcare.
Roades said the deal with ManorCare, expected to close in the third quarter, is the first bet by a major health system on the post-acute space.
Welltower will own 160 skilled nursing and 59 assisted living and memory care centers run by ManorCare through a 80:20 joint venture with ProMedica. ProMedica will own ManorCare’s home health, hospice and outpatient rehabilitation businesses.
If the U.S. bankruptcy court approves the deal, ManorCare’s rent will fall by 60 percent to $180 million in the first year of a 15-year master lease, with lower annual bumps than its previous lease, according to court filings.
Welltower estimates an 8 percent cash yield from the deal.
“This is the way we’ll start to drive some of the services that this aging population will need,” DeRosa said, adding that it gives the distressed skilled nursing industry a chance of “rebirth.”
“I think it’s going to make other health systems stand up and take notice.”
Reporting by Tracy Rucinski; editing by Elyse Tanouye and Edward Tobin
The post A bid to save $300 million at HCR ManorCare, and disrupt U.S…. appeared first on World The News.
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A bid to save $300 million at HCR ManorCare, and disrupt U.S….
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America’s aging population that will succeed where so many other models have struggled.
The main entrance of the HCR ManorCare headquarters in Toledo, Ohio, U.S., May 14, 2018. REUTERS/Aaron Josefczeyk
His secret: strip out the “for-profit” business model, and leverage the real estate in nursing homes for outpatient care.
DeRosa’s strategy starts with buying out the property of the huge bankrupt nursing home chain HCR ManorCare, and teaming up with a non-profit hospital operator, ProMedica, to create a 30-state healthcare system.
His own company, real estate investment trust Welltower Inc (WELL.N), is purchasing the ManorCare real estate for $2.7 billion under a deal unveiled April 24 and awaiting approval from a U.S. bankruptcy court.
ProMedica is buying ManorCare’s operations for $1.3 billion and combining them with its own surgery centers, clinics and health plan to form a network with $7 billion of annual revenues and 70,000 employees.
“This is about a health system moving into a beleaguered sector of healthcare,” DeRosa told Reuters in an interview. “We’re breaking down the wall of what has traditionally been acute care services and services for the aging.”
The aim is to strip out $300 million in costs from the operation, mainly from cheaper rent, once HCR ManorCare emerges from its Chapter 11 bankruptcy this year, according to interviews with Welltower and ProMedica executives.
ProMedica Chief Executive Randy Oostra expects the merger – which will propel the group into the 25 largest U.S. health systems by revenue alongside names like Mayo Clinic, Geisinger and Johns Hopkins – to boost margins by two percentage points to between 3 percent and 4 percent over the next few years.
ProMedica will also invest $400 million to revamp ManorCare’s facilities, and size up every site as an opportunity for different services or partnerships.
And by turning non-profit under ProMedica’s existing business model, ManorCare will see other annual cost savings of $30 million.
Slideshow (11 Images)
“It is a disruptor,” Arthur Caplan, director of medical ethics at the New York University School of Medicine, said of the deal.
Yet the merged group must still overcome a perfect storm of eroding reimbursement rates, depressed occupancies, and competition from home health that has weighed on nursing facilities nation-wide.
To view a graphic on Real estate investments in senior housing, click: tmsnrt.rs/2I8SOR5
A NEW APPROACH
The proposal comes at a time when companies from hospitals and pharmacy chains including Tenet Healthcare Corp (THC.N) and CVS Health Corp (CVS.N) to insurance providers and retailers like Humana Inc (HUM.N) and Walmart Inc (WMT.N) are jostling to create new healthcare models for an aging population as U.S. medical costs continue to soar.
Outside the health sector, Amazon.com Inc (AMZN.O) has joined forces with Berkshire Hathaway Inc (BRKa.N) and JPMorgan Chase & Co (JPM.N) for a new model to help bring down healthcare costs.
REITs, including Welltower, invested heavily in skilled nursing centers at the turn of the decade but have struggled to collect, let alone raise, rents. Large REITs like Ventas Inc (VTR.N) have since abandoned the sector.
For hospitals, declining payments by Medicare – the largest payer for the 65 and over population – and declining admissions are driving a search for lower cost, non-hospital settings to deliver care, Oostra said.
Medicare penalties for patient readmissions are also forcing hospitals to follow up on recoveries, which often occur at a skilled nursing facility.
“Increasingly we’re getting more focused on things that go on outside of our walls,” Oostra told Reuters. He calls it a “blurring of the lines” in where clinical care starts and stops.
Enter HCR ManorCare, which in March filed one of the largest bankruptcies this year, dragged down by debt from private equity fund Carlyle Group LP’s (CG.O) $6.3 billion buyout in 2007 and unable to keep up with $450 million in annual rent payments to REIT landlord Quality Care Properties Inc (QCP.N).
Under the new structure, DeRosa plans to capitalize on the trend of more healthcare taking place outside of hospitals. This could mean basic surgeries like hip replacements or treatment for conditions such as congestive heart failure being provided directly in a skilled nursing center instead of a hospital.
For a person who traditionally would have recovered from knee or hip surgery in a skilled nursing facility, they may now receive more outpatient rehab or home health.
Medicare already covers certain home health services and has a pilot program that allows patients to receive care directly at a skilled nursing facility without prior hospitalization, as is the case currently.
“Medicare is testing this out and this is where people think healthcare is ultimately going and they want to be skating in that direction,” said Chas Roades, head of Washington D.C.-based consultancy Gist Healthcare.
Roades said the deal with ManorCare, expected to close in the third quarter, is the first bet by a major health system on the post-acute space.
Welltower will own 160 skilled nursing and 59 assisted living and memory care centers run by ManorCare through a 80:20 joint venture with ProMedica. ProMedica will own ManorCare’s home health, hospice and outpatient rehabilitation businesses.
If the U.S. bankruptcy court approves the deal, ManorCare’s rent will fall by 60 percent to $180 million in the first year of a 15-year master lease, with lower annual bumps than its previous lease, according to court filings.
Welltower estimates an 8 percent cash yield from the deal.
“This is the way we’ll start to drive some of the services that this aging population will need,” DeRosa said, adding that it gives the distressed skilled nursing industry a chance of “rebirth.”
“I think it’s going to make other health systems stand up and take notice.”
Reporting by Tracy Rucinski; editing by Elyse Tanouye and Edward Tobin
The post A bid to save $300 million at HCR ManorCare, and disrupt U.S…. appeared first on World The News.
from World The News https://ift.tt/2IHfyas via Online News
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party-hard-or-die · 6 years
Text
A bid to save $300 million at HCR ManorCare, and disrupt U.S….
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America’s aging population that will succeed where so many other models have struggled.
The main entrance of the HCR ManorCare headquarters in Toledo, Ohio, U.S., May 14, 2018. REUTERS/Aaron Josefczeyk
His secret: strip out the “for-profit” business model, and leverage the real estate in nursing homes for outpatient care.
DeRosa’s strategy starts with buying out the property of the huge bankrupt nursing home chain HCR ManorCare, and teaming up with a non-profit hospital operator, ProMedica, to create a 30-state healthcare system.
His own company, real estate investment trust Welltower Inc (WELL.N), is purchasing the ManorCare real estate for $2.7 billion under a deal unveiled April 24 and awaiting approval from a U.S. bankruptcy court.
ProMedica is buying ManorCare’s operations for $1.3 billion and combining them with its own surgery centers, clinics and health plan to form a network with $7 billion of annual revenues and 70,000 employees.
“This is about a health system moving into a beleaguered sector of healthcare,” DeRosa told Reuters in an interview. “We’re breaking down the wall of what has traditionally been acute care services and services for the aging.”
The aim is to strip out $300 million in costs from the operation, mainly from cheaper rent, once HCR ManorCare emerges from its Chapter 11 bankruptcy this year, according to interviews with Welltower and ProMedica executives.
ProMedica Chief Executive Randy Oostra expects the merger – which will propel the group into the 25 largest U.S. health systems by revenue alongside names like Mayo Clinic, Geisinger and Johns Hopkins – to boost margins by two percentage points to between 3 percent and 4 percent over the next few years.
ProMedica will also invest $400 million to revamp ManorCare’s facilities, and size up every site as an opportunity for different services or partnerships.
And by turning non-profit under ProMedica’s existing business model, ManorCare will see other annual cost savings of $30 million.
Slideshow (11 Images)
“It is a disruptor,” Arthur Caplan, director of medical ethics at the New York University School of Medicine, said of the deal.
Yet the merged group must still overcome a perfect storm of eroding reimbursement rates, depressed occupancies, and competition from home health that has weighed on nursing facilities nation-wide.
To view a graphic on Real estate investments in senior housing, click: tmsnrt.rs/2I8SOR5
A NEW APPROACH
The proposal comes at a time when companies from hospitals and pharmacy chains including Tenet Healthcare Corp (THC.N) and CVS Health Corp (CVS.N) to insurance providers and retailers like Humana Inc (HUM.N) and Walmart Inc (WMT.N) are jostling to create new healthcare models for an aging population as U.S. medical costs continue to soar.
Outside the health sector, Amazon.com Inc (AMZN.O) has joined forces with Berkshire Hathaway Inc (BRKa.N) and JPMorgan Chase & Co (JPM.N) for a new model to help bring down healthcare costs.
REITs, including Welltower, invested heavily in skilled nursing centers at the turn of the decade but have struggled to collect, let alone raise, rents. Large REITs like Ventas Inc (VTR.N) have since abandoned the sector.
For hospitals, declining payments by Medicare – the largest payer for the 65 and over population – and declining admissions are driving a search for lower cost, non-hospital settings to deliver care, Oostra said.
Medicare penalties for patient readmissions are also forcing hospitals to follow up on recoveries, which often occur at a skilled nursing facility.
“Increasingly we’re getting more focused on things that go on outside of our walls,” Oostra told Reuters. He calls it a “blurring of the lines” in where clinical care starts and stops.
Enter HCR ManorCare, which in March filed one of the largest bankruptcies this year, dragged down by debt from private equity fund Carlyle Group LP’s (CG.O) $6.3 billion buyout in 2007 and unable to keep up with $450 million in annual rent payments to REIT landlord Quality Care Properties Inc (QCP.N).
Under the new structure, DeRosa plans to capitalize on the trend of more healthcare taking place outside of hospitals. This could mean basic surgeries like hip replacements or treatment for conditions such as congestive heart failure being provided directly in a skilled nursing center instead of a hospital.
For a person who traditionally would have recovered from knee or hip surgery in a skilled nursing facility, they may now receive more outpatient rehab or home health.
Medicare already covers certain home health services and has a pilot program that allows patients to receive care directly at a skilled nursing facility without prior hospitalization, as is the case currently.
“Medicare is testing this out and this is where people think healthcare is ultimately going and they want to be skating in that direction,” said Chas Roades, head of Washington D.C.-based consultancy Gist Healthcare.
Roades said the deal with ManorCare, expected to close in the third quarter, is the first bet by a major health system on the post-acute space.
Welltower will own 160 skilled nursing and 59 assisted living and memory care centers run by ManorCare through a 80:20 joint venture with ProMedica. ProMedica will own ManorCare’s home health, hospice and outpatient rehabilitation businesses.
If the U.S. bankruptcy court approves the deal, ManorCare’s rent will fall by 60 percent to $180 million in the first year of a 15-year master lease, with lower annual bumps than its previous lease, according to court filings.
Welltower estimates an 8 percent cash yield from the deal.
“This is the way we’ll start to drive some of the services that this aging population will need,” DeRosa said, adding that it gives the distressed skilled nursing industry a chance of “rebirth.”
“I think it’s going to make other health systems stand up and take notice.”
Reporting by Tracy Rucinski; editing by Elyse Tanouye and Edward Tobin
The post A bid to save $300 million at HCR ManorCare, and disrupt U.S…. appeared first on World The News.
from World The News https://ift.tt/2IHfyas via Breaking News
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newestbalance · 6 years
Text
A bid to save $300 million at HCR ManorCare, and disrupt U.S….
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America’s aging population that will succeed where so many other models have struggled.
The main entrance of the HCR ManorCare headquarters in Toledo, Ohio, U.S., May 14, 2018. REUTERS/Aaron Josefczeyk
His secret: strip out the “for-profit” business model, and leverage the real estate in nursing homes for outpatient care.
DeRosa’s strategy starts with buying out the property of the huge bankrupt nursing home chain HCR ManorCare, and teaming up with a non-profit hospital operator, ProMedica, to create a 30-state healthcare system.
His own company, real estate investment trust Welltower Inc (WELL.N), is purchasing the ManorCare real estate for $2.7 billion under a deal unveiled April 24 and awaiting approval from a U.S. bankruptcy court.
ProMedica is buying ManorCare’s operations for $1.3 billion and combining them with its own surgery centers, clinics and health plan to form a network with $7 billion of annual revenues and 70,000 employees.
“This is about a health system moving into a beleaguered sector of healthcare,” DeRosa told Reuters in an interview. “We’re breaking down the wall of what has traditionally been acute care services and services for the aging.”
The aim is to strip out $300 million in costs from the operation, mainly from cheaper rent, once HCR ManorCare emerges from its Chapter 11 bankruptcy this year, according to interviews with Welltower and ProMedica executives.
ProMedica Chief Executive Randy Oostra expects the merger – which will propel the group into the 25 largest U.S. health systems by revenue alongside names like Mayo Clinic, Geisinger and Johns Hopkins – to boost margins by two percentage points to between 3 percent and 4 percent over the next few years.
ProMedica will also invest $400 million to revamp ManorCare’s facilities, and size up every site as an opportunity for different services or partnerships.
And by turning non-profit under ProMedica’s existing business model, ManorCare will see other annual cost savings of $30 million.
Slideshow (11 Images)
“It is a disruptor,” Arthur Caplan, director of medical ethics at the New York University School of Medicine, said of the deal.
Yet the merged group must still overcome a perfect storm of eroding reimbursement rates, depressed occupancies, and competition from home health that has weighed on nursing facilities nation-wide.
To view a graphic on Real estate investments in senior housing, click: tmsnrt.rs/2I8SOR5
A NEW APPROACH
The proposal comes at a time when companies from hospitals and pharmacy chains including Tenet Healthcare Corp (THC.N) and CVS Health Corp (CVS.N) to insurance providers and retailers like Humana Inc (HUM.N) and Walmart Inc (WMT.N) are jostling to create new healthcare models for an aging population as U.S. medical costs continue to soar.
Outside the health sector, Amazon.com Inc (AMZN.O) has joined forces with Berkshire Hathaway Inc (BRKa.N) and JPMorgan Chase & Co (JPM.N) for a new model to help bring down healthcare costs.
REITs, including Welltower, invested heavily in skilled nursing centers at the turn of the decade but have struggled to collect, let alone raise, rents. Large REITs like Ventas Inc (VTR.N) have since abandoned the sector.
For hospitals, declining payments by Medicare – the largest payer for the 65 and over population – and declining admissions are driving a search for lower cost, non-hospital settings to deliver care, Oostra said.
Medicare penalties for patient readmissions are also forcing hospitals to follow up on recoveries, which often occur at a skilled nursing facility.
“Increasingly we’re getting more focused on things that go on outside of our walls,” Oostra told Reuters. He calls it a “blurring of the lines” in where clinical care starts and stops.
Enter HCR ManorCare, which in March filed one of the largest bankruptcies this year, dragged down by debt from private equity fund Carlyle Group LP’s (CG.O) $6.3 billion buyout in 2007 and unable to keep up with $450 million in annual rent payments to REIT landlord Quality Care Properties Inc (QCP.N).
Under the new structure, DeRosa plans to capitalize on the trend of more healthcare taking place outside of hospitals. This could mean basic surgeries like hip replacements or treatment for conditions such as congestive heart failure being provided directly in a skilled nursing center instead of a hospital.
For a person who traditionally would have recovered from knee or hip surgery in a skilled nursing facility, they may now receive more outpatient rehab or home health.
Medicare already covers certain home health services and has a pilot program that allows patients to receive care directly at a skilled nursing facility without prior hospitalization, as is the case currently.
“Medicare is testing this out and this is where people think healthcare is ultimately going and they want to be skating in that direction,” said Chas Roades, head of Washington D.C.-based consultancy Gist Healthcare.
Roades said the deal with ManorCare, expected to close in the third quarter, is the first bet by a major health system on the post-acute space.
Welltower will own 160 skilled nursing and 59 assisted living and memory care centers run by ManorCare through a 80:20 joint venture with ProMedica. ProMedica will own ManorCare’s home health, hospice and outpatient rehabilitation businesses.
If the U.S. bankruptcy court approves the deal, ManorCare’s rent will fall by 60 percent to $180 million in the first year of a 15-year master lease, with lower annual bumps than its previous lease, according to court filings.
Welltower estimates an 8 percent cash yield from the deal.
“This is the way we’ll start to drive some of the services that this aging population will need,” DeRosa said, adding that it gives the distressed skilled nursing industry a chance of “rebirth.”
“I think it’s going to make other health systems stand up and take notice.”
Reporting by Tracy Rucinski; editing by Elyse Tanouye and Edward Tobin
The post A bid to save $300 million at HCR ManorCare, and disrupt U.S…. appeared first on World The News.
from World The News https://ift.tt/2IHfyas via Everyday News
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ruminationofthepast · 2 years
Text
Background of the Case
In the Cromwell Street of Gloucester, England, many murders of young females by Fred and Rose West occurred during both the 1960s and 1980s (Gloucestershire Police Constabulary, n.d). The ages of the victims were preteen, teens, twenties, and early thirties (Gloucestershire Police Constabulary, n.d.). The twelve unfortunate victims in the case were Heather Ann West, Alison Jane Chambers, Shirley Ann Robinson, Therese Siegenthaler, Shirley Hubbard, Lucy Katherine Partington, Juanita Mott, Lynda Carole Gough, Carole Ann Cooper, Charmaine West, Catherine Bernadette Costello West, and Anne McFall (Gloucestershire Police Constabulary, n.d.). The brutal murders went undetected for close to two decades (Furio, 2001, p. 27). Fred and Rose West the Cromwell Street killers were brutal because they sexually violated, killed, and mutilated their victims for sexual pleasure (Dalrymple, 1996). This was one of Britain’s most famous serial killer cases in the twenty-first century because of how socially shocking it was for a married couple with children to commit gruesome acts (Dalrymple, 1996).
History
Fred West was born September 29, 1941 to a poor farmers in Herefordshire, England (Boduszek et al, 2012, p. 865). Even though many people in his community saw him as a “nice boy” (“The Biography Channel Website: Fred West”, 2014), he was exposed to abuse at home behind closed doors (Boduszek et al, 2012, p.865). Fred witnessed his father having incestuous relationships with his sisters, when he was growing up (Boduszek et al, 2012, p. 866). Even though he was good at carving wood, he was an unsuccessful student who dropped out of school during the middle part of his teenage years (Boduszek et al, 2012, p. 865). Fred West experienced a motorcycle accident that caused his brain injury and may have given him fits of rage (Boduszek et al, 2012, p. 865). As a result of his brain injuries and experience of abuse, Fred West committed theft and sexually violated females through molestation (Boduszek et al, 2012, p. 865). Fred West was married to and had children with a woman named Rena Costello prior to meeting Rosemary Letts (Gloucestershire Police Constabulary, n.d.).
Rose Letts was born 1953 to an unstable family in England (Furio, 2001, p.27). When her mother was pregnant with her, she went through electroshock therapy (“Biography Channel Website: Rose West”, 2014). This had a negative impact on her development because she had difficulties in school and managing her anger (“Biography Channel Website: Rose West”, 2014). Just like her husband Fred West, Rose experienced abuse as a child from her own father as well (Furio, 2001, pp. 27-28). Rose’s mother left her with her abusive father, when she was young. It was reported from those who had known her in her earlier years that she had impulsivity problems because she had violent behaviors (Furio, 2001, pp. 28-29). During her mid-teenage years, Rose fell in love Fred West and desired to marry him, when it went against her father’s control of her (Furio, 2001, p. 28).
Analysis of Behaviors
PCL-R Test & HCR-20 Test to Diagnose Psychopathy
           On the Psychopathy Checklist-Revised (PCL-R) Test, Fred West scored a thirty-seven because he got a twenty-one on interpersonal personality traits and a sixteen on socially deviant behavior.
           On the Psychopathy Checklist-Revised (PCL-R) Test, Rose West scored a thirty-four because she got an eighteen on interpersonal personality traits and a sixteen on socially deviant behavior.  
HCR-20 Test of Fred West
HRC-20 Test of Rose West
Summary of Final Outcome of the Case
Recent Events of the Case
A new woman came out that she escaped and survived the ordeal of the Wests.
Conclusion
References
Bartol, C.R., Bartol, A.M. (2011). Criminal Behavior: A Psychological Approach 9th Edition. Boston et al, Prentice Hall.
Belfast, The Telegraph (2014, February 22). Rose West urged over missing girl. Retrieved March 10, 2014, from http://www.belfasttelegraph.co.uk/news/local-national/uk/rose-west-urged-over-missing-girl-30033040.html.
Bennett, W. (1995, November 14). Fred West ‘confessed to twenty more killings’. Retrieved April 10, 2014, from http://www.independent.co.uk/news/fred-west-confessed-to-20-more-killings-1581855.html.
Boduszek, D., Hyland, P. (2012). Fred West: Bio-Psycho-Social Investigation of Psychopathic Sexual Serial Killer. International Journal of Criminology and Sociological Theory, 5 (1), pp. 864-870.
Dalrymple, T. (1996). A Horror Story. Oh to be in England. Retrieved April 11, 2014, from http://www.city-journal.org/html/6_2_oh_to_be.html.
Donnelley, P. (2014, April 5). Serial killer Fred West confesses in new documentary. Retrieved April 5, 2014, from http://www.dailymail.co.uk/news/article-2597641/She-cut-Heather-dustbin-Our-daughter-DUSTBIN-The-chilling-confession-serial-killer-Fred-West-16-year-old-daughters-murder-heard-new-television-documentary.html.
Fred West. (2014). The Bibliography Channel website. Retrieved 12:55, March 10, 2014, from http://www.biography.com/people/fred-west-17169706.
Furio, J. (2001). Team Killers: A Comparative Study of Collaborative Criminals. New York, Algora Publishing.
Gloucestershire Police and Constabulary Report (n.d.). The Cromwell Street Enquiry. Retrieved April 10, 2014, from http://www.gloucestershire.police.uk/foi/Information%20Classes/Downloads/item3965.pdf.
Grover, C., Soothill, K. Brogden, M. (1999). British Serial Killing: Towards A Structural Explanation. British Society of Criminology, 2, pp. 1 & 9-17. Belfast, Queens University. Retrieved 10:32, April 21, 2014, from http://britsoccrim.org/volume2/008.pdf.
Hunt, E. (2013, May 12). British mum Rosemary West is a shocking serial killer among our female felons in True Crime Scene. Retrieved April 10, 2014, from http://www.heraldsun.com.au/news/law-order/british-mum-rosemary-west-is-a-shocking-serial-killer-among-our-female-felons-in-true-crime-scene/story-fnat7jnn-1226639619598.
Rosemary West. (2014). The Biography Channel website. Retrieved 12:57, March 10, 2014, from http://www.biography.com/people/rosemarywest-230321.
Winter, J., Hoyle, C., Young, R. (2002). New Visions of Crime Victims. Oxford and Portland, Oregon, Hart Publishing.
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HCR ManorCare files for bankruptcy with $7.1 billion in debt
(Reuters) – The second-largest U.S. nursing home operator, HCR ManorCare Inc, filed for Chapter 11 protection late Sunday with $7.1 billion of debt as part of a pre-arranged deal to transfer ownership to its landlord Quality Care Properties Inc (QCP.N).
A sign points the way towards a U.S. Bankruptcy Court in a file photo. REUTERS/Chip East
Toledo, Ohio-based ManorCare, which operates skilled nursing, assisted living and memory care locations across the United States, had been battling with its landlord over unpaid rents since last year.
In a bankruptcy filing in Delaware, privately-owned ManorCare said revenues have failed to cover monthly rent obligations since 2012, a year after the master lease was signed. The lease covers 289 facilities.
It blamed shrinking margins at its post-acute and skilled nursing facilities on reduced government reimbursement rates, low occupancy, a shift toward new managed Medicare plans and alternative services such as home health care and retirement communities.
ManorCare said it owed $446 million in rent that was accruing at a minimum of $39.5 million every month.
The company was able to use profits from other growing businesses such as home health, hospice and outpatient rehab to help meet the rent until April 2017, when it defaulted on a prior credit facility.
Under the restructuring agreement reached last week, private equity owner Carlyle Group (CG.O) will hand over full ownership to Quality Care, which will give up its status as a real estate investment trust.
The deal includes a settlement agreement for ManorCare’s former chief executive, Paul Ormond, who was owed more than $100 million when he stepped down in September.
ManorCare posted $3.7 billion in revenue in 2017, with 82 percent of it coming from its long-term care business, while its pre-tax loss from continuing operations totaled $268 million. Assets were worth $4.3 billion, it said.
The company has set aside $305 million to cover legal defense and settlement costs, including litigation for hundreds of claims against its long-term care business, for which it said it does not believe it is liable.
The company is also facing four lawsuits by shareholders of its previous landlord HCP Inc (HCP.N), which in 2016 spun off the ManorCare real estate portfolio it had acquired from Carlyle in 2011. Carlyle bought ManorCare in a 2007 leveraged buyout.
A first-day Chapter 11 hearing will be held on Tuesday.
Reporting by Tracy Rucinski in Chicago; Editing by Paul Simao
Our Standards:The Thomson Reuters Trust Principles.
The post HCR ManorCare files for bankruptcy with $7.1 billion in debt appeared first on Sports News, Transfers, Scores | Watch Live Sport.
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