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Wiki Wiki Summary
Arithmetic Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today.
Bitwise operation In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor.
Operations research Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences.
Five Star Krishna Krishnakumar Ramakumar, also credited as Five Star Krishna, is an Indian actor who has appeared in Tamil films in supporting roles. He made his debut in Mani Ratnam's production Five Star (2002), before playing pivotal roles in Arinthum Ariyamalum and Saravana.
Lotus Five Star Lotus Fivestar Cinemas (M) Sdn Bhd (doing business as Lotus Five Star Cinemas, also known as LFS) is a cinema chain in Malaysia owned by the Lotus Group. Lotus Five Star is also a major Indian movie distributor in Malaysia.
December 8 December 3 is the 337th day of the year (338th in leap years) in the Gregorian calendar; 28 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n915 – Pope John X crowns Berengar I of Italy as Holy Roman Emperor (probable date).
December 31 December 3 is the 337th day of the year (338th in leap years) in the Gregorian calendar; 28 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n915 – Pope John X crowns Berengar I of Italy as Holy Roman Emperor (probable date).
Rent-seeking Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth.\nRent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth creation, lost government revenue, heightened income inequality, and potential national decline.
Rent regulation Rent regulation is a system of laws, administered by a court or a public authority, which aims to ensure the affordability of housing and tenancies on the rental market for dwellings. Generally, a system of rent regulation involves:\n\nPrice controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization\nEviction controls: codified standards by which a landlord may terminate a tenancy: 1  : 1 \nObligations on the landlord or tenant regarding adequate maintenance of the property\nA system of oversight and enforcement by an independent regulator and ombudsmanThe loose term "rent control" covers a spectrum of regulation which can vary from setting the absolute amount of rent that can be charged, with no allowed increases, to placing different limits on the amount that rent can increase; these restrictions may continue between tenancies, or may be applied only within the duration of a tenancy.
Percentage rent Percentage rent, or a percentage lease, is a type of lease seen in commercial real estate. It is a rental charge based on the gross income of the tenant rather than a fixed monthly or annual value.
Alvarez and Marsal Alvarez & Marsal (A&M) is a global professional services firm notable for its work in turnaround management and performance improvement of a number of large, high-profile businesses both in the US and abroad such as Lehman Brothers, HealthSouth, Tribune Company, Warnaco, Interstate Bakeries, Target, Darden Restaurants and Arthur Andersen.\n\n\n== History ==\nAlvarez & Marsal was founded in 1983 by Tony Alvarez II, former Coopers & Lybrand workout specialist and Bryan Marsal, a former Citibank workout banker, after the two met and worked together at Norton Simon Inc.
HealthSouth Inaugural The HealthSouth Inaugural was a golf tournament on the LPGA Tour from 1980 to 1999. It was played at several courses in Florida.
Sciatica Sciatica is pain going down the leg from the lower back. This pain may go down the back, outside, or front of the leg.
Charles B. McVay III Charles Butler McVay III (August 31, 1898 – November 6, 1968) was an American naval officer and the commanding officer of the cruiser USS Indianapolis when she was lost in action in 1945, resulting in a significant loss of life. Of all captains in the history of the United States Navy, he is the only one to have been subjected to court-martial for losing a ship sunk by an act of war, despite the fact that he was on a top secret mission maintaining radio silence (the testimony of the Japanese commander who sank his ship also seemed to exonerate McVay).
List of natural disasters in Australia This is a list all major of natural disasters in Australian European history. The natural disasters included here are all the events which resulted in significant loss of life or property due to natural, non-biological processes of the Earth within Australian territory.
Fee The foot (plural: feet) is an anatomical structure found in many vertebrates. It is the terminal portion of a limb which bears weight and allows locomotion.
Fee simple In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, present possessory interest in land.
Indian termination policy Indian termination is a phrase describing United States policies relating to Native Americans from the mid-1940s to the mid-1960s. It was shaped by a series of laws and practices with the intent of assimilating Native Americans into mainstream American society.
Hotel rating Hotel ratings are often used to classify hotels according to their quality. From the initial purpose of informing travellers on basic facilities that can be expected, the objectives of hotel rating have expanded into a focus on the hotel experience as a whole.
Flag of China The flag of China, officially the National Flag of the People's Republic of China, also known as the Five-star Red Flag, is a Chinese red field with five golden stars charged at the canton. The design features one large star, with four smaller stars in an arc set off towards the fly.
Flag of the United States The national flag of the United States of America, often referred to as the American flag or the U.S. flag, consists of thirteen equal horizontal stripes of red (top and bottom) alternating with white, with a blue rectangle in the canton (referred to specifically as the "union") bearing fifty small, white, five-pointed stars arranged in nine offset horizontal rows, where rows of six stars (top and bottom) alternate with rows of five stars. The 50 stars on the flag represent the 50 U.S. states, and the 13 stripes represent the thirteen British colonies that declared independence from the Kingdom of Great Britain, and became the first states in the U.S. Nicknames for the flag include the Stars and Stripes, Old Glory, and the Star-Spangled Banner.
Exponential growth Exponential growth is a process that increases quantity over time. It occurs when the instantaneous rate of change (that is, the derivative) of a quantity with respect to time is proportional to the quantity itself.
2016 in aviation This is a list of aviation-related events from 2016.\n\n\n== Events ==\n\n\n=== January ===\nThe Government of Italy permitted United States unmanned aerial vehicles (UAVs or drones) to fly strike missions from Naval Air Station Sigonella in Sicily where the US has operated unarmed surveillance UAVs since 2001 against Islamic State targets in Libya, but only if they are "defensive," protecting U.S. forces or rescuers retrieving downed pilots.
Termination of employment Termination of employment or separation of employment is an employee's departure from a job and the end of an employee's duration with an employer. Termination may be voluntary on the employee's part, or it may be at the hands of the employer, often in the form of dismissal (firing) or a layoff.
KMC Hospital, Mangalore KMC Hospitals, also known as Kasturba Medical College Hospitals (Mangalore) are two hospitals situated in Mangalore. The hospitals are teaching hospitals of the Kasturba Medical College, Mangalore, a constituent unit of Manipal Academy of Higher Education.
Lists of hospitals in North America This is a list of hospitals in North America for each sovereign country. territory, and dependency.
Lawsuit A lawsuit is a proceeding by a party or parties against another in the civil court of law. The archaic term "suit in law" is found in only a small number of laws still in effect today.
Strategic litigation Strategic litigation, also known as impact litigation, is the practice of bringing lawsuits intended to effect societal change. Impact litigation cases may be class action lawsuits or individual claims with broader significance, and may rely on statutory law arguments or on constitutional claims.
Health in South Africa Health in South Africa touches on various aspects of health including the infectious diseases (such as HIV/AIDS), Nutrition, Mental Health and Maternal care.\nThe Human Rights Measurement Initiative finds that South Africa is fulfilling 73.4% of what it should be fulfilling for the right to health based on its level of income.
Community health Community health refers to simple health services delivered outside hospitals and clinics by lay community health volunteers, community health workers and health professionals. Community health and Primary Care Practitioners work together to facilitate entry into, exit from and utilization of the formal health system by community members.
Government rent in Hong Kong Government rent in Hong Kong started on July 1, 1997 with the inception of the Joint Declaration. It said that new land grants contain a standard condition that the lessee is required to pay an annual rent, equal to 3% of the rateable value from time to time of the land leased.
Rent control in the United States Rent control in the United States refers to laws or ordinances that set price controls on the rent of residential housing to function as a price ceiling. There is a consensus among economists that rent control reduces the quality and quantity of rental housing units.More loosely, "rent control" describes several types of price control:\n\n"strict price ceilings", also known as "rent freeze" systems, or "absolute" or "first generation" rent controls, in which no increases in rent are allowed at all (rent is typically frozen at the rate existing when the law was enacted)\n"vacancy control", also known as "strict" or "strong" rent control, in which the rental price can rise, but continues to be regulated in between tenancies (a new tenant pays almost the same rent as the previous tenant) and\n"vacancy decontrol", also known as "tenancy" or "second-generation" rent control, which limits price increases during a tenancy, but allows rents to rise to market rate between tenancies (new tenants pay market rate rent, but increases are limited as long as they remain).As of 2019, five states (California, New York, New Jersey, Maryland, Oregon) and the District of Columbia have localities in which some form of residential rent control is in effect (for normal structures, excluding mobile homes).
Saimaa Canal The Saimaa Canal (Finnish: Saimaan kanava; Swedish: Saima kanal; Russian: Сайменский канал) is a transportation canal that connects lake Saimaa with the Gulf of Finland near Vyborg, Russia. The canal was built from 1845 to 1856 and opened on 7 September 1856 (Old Style: 26 August 1856).
Annual report An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance.
The Second Annual Report The Second Annual Report is the debut album by English industrial music group Throbbing Gristle, released in November 1977 through Industrial Records. It is a combination of live and studio recordings made from October 1976 to September 1977.
The First Annual Report The First Annual Report is a bootleg album of music recorded by industrial music pioneers Throbbing Gristle in 1975. The recording originally went unreleased, and the band instead decided to release The Second Annual Report in 1977.
Risk Factors
SENIOR HOUSING PROPERTIES TRUST “ITEM 1A RISK FACTORS
YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS EXCEPT AS MAY BE REQUIRED BY APPLICABLE LAW, WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE ______________________________________________________________________ STATEMENT CONCERNING LIMITED LIABILITY THE ARTICLES OF AMENDMENT AND RESTATEMENT OF THE DECLARATION OF TRUST ESTABLISHING SENIOR HOUSING PROPERTIES TRUST, DATED SEPTEMBER 20, 1999, A COPY OF WHICH, TOGETHER WITH ALL AMENDMENTS AND SUPPLEMENTS THERETO, IS DULY FILED IN THE OFFICE OF THE STATE DEPARTMENT OF ASSESSMENTS AND TAXATION OF MARYLAND, PROVIDES THAT THE NAME “SENIOR HOUSING PROPERTIES TRUST” REFERS TO THE TRUSTEES UNDER THE DECLARATION OF TRUST AS TRUSTEES, BUT NOT INDIVIDUALLY OR PERSONALLY, AND THAT NO TRUSTEE, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF SENIOR HOUSING PROPERTIES TRUST SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR SEVERALLY, FOR ANY OBLIGATION OF, OR CLAIM AGAINST, SENIOR HOUSING PROPERTIES TRUST ALL PERSONS DEALING WITH SENIOR HOUSING PROPERTIES TRUST, IN ANY WAY, SHALL LOOK ONLY TO THE ASSETS OF SENIOR HOUSING PROPERTIES TRUST FOR THE PAYMENT OF ANY SUM OR THE PERFORMANCE OF ANY OBLIGATION ______________________________________________________________________ SENIOR HOUSING PROPERTIES TRUST 2005 FORM 10-K ANNUAL REPORT Table of Contents [1]Part I [2]Item 1
Additional risks that we do not yet know of, or that we currently think are immaterial, may also impair our business operations or financial results
If any of the events or circumstances described in the following risks actually occurs, our business, financial condition or results of operations could suffer and the trading price of our debt or equity securities could decline
Investors should consider the following risks and the information contained under the heading “Warning Concerning Forward-Looking Statements” before deciding to invest in our securities
Financial and other difficulties at Five Star could adversely affect us
As of December 31, 2005, Five Star is responsible for approximately 62prca of our total rents
When the lease for the two hospitals involved in the HealthSouth litigation becomes effective, Five Star will be responsible for 68prca of our total rents (assuming we do not make additional investments or sales before then)
Five Star has not been consistently profitable since it became a public company in 2001
Although it was profitable in 2004 and the first half of 2005, Five Star experienced a significant loss in the second half of 2005 and for the full year 2005 as a result of the termination fees it paid to Sunrise, discussed below
Also, while Five Star has access to a dlra25dtta0 million working capital line of credit from a financial institution, Five Star has limited resources and has substantial lease obligations to us and others
Five Star’s business is subject to a number of risks, including the following: • A small percentage decline in Five Star’s revenue or increase in Five Star’s expenses could have a material negative impact on Five Star’s operating results
• Five Star’s growth strategy, including recent acquisitions, may not succeed and may result in reduced profits or recurring losses
Increases in tort liability and insurance costs have in the past negatively impacted Five Star’s operating results and may adversely impact its future results
Increases in labor costs could have a material adverse effect on Five Star
Extensive regulation applicable to Five Star’s business increases Five Star’s costs and may result in losses
30 ______________________________________________________________________ • Five Star reported that Medicare and Medicaid payments accounted for approximately 36prca of its total revenues in the year ended December 31, 2005
A reduction in these rates or a failure of these rates to match Five Star’s cost increases may materially adversely affect Five Star
If Five Star’s operations are unprofitable, Five Star might default its rent obligations to us
Five Star’s termination of its Sunrise management agreements resulted in a significant loss and may not improve its future earnings
Five Star’s termination of 12 management agreements with Sunrise in the third quarter of 2005 and an additional agreement in the first quarter of 2006 resulted in an expense by Five Star equal to the termination fees it paid Sunrise, which totaled dlra86dtta3 million
This expense caused Five Star to experience a significant loss in the second half of 2005 and for the full 2005 year
Also, the income Five Star realizes from the 13 communities for which it assumed management responsibility may decline or these operations may produce losses
If Five Star is unable to operate these 13 communities profitably, Five Star may become unable to pay its rent to us
Five Star may be unable to lease the two hospitals we own or may not be able to operate them profitably
We have agreed to lease the two hospitals affected by our HealthSouth litigation to Five Star
The agreement to lease is conditioned upon Five Star’s obtaining all health regulatory approvals required to operate the hospitals
Five Star may not be able to obtain those approvals and the lease may not become effective
Also, HealthSouth’s appeal of the court’s decisions may be successful, HealthSouth’s lease may be reinstated and our lease with Five Star may be terminated
The historical operating and financial information concerning the two hospitals that have been received from HealthSouth may not be accurate
Also, recent changes in Medicare rate formulas applicable to rehabilitation hospitals make it difficult to project the hospitals’ future financial results
Under these circumstances, Five Star may not be able to profitably operate these hospitals
Losses at these hospitals could jeopardize Five Star’s ability to pay our rents
Sunrise’s operation of our properties may adversely affect us and Five Star
In March 2003, Marriott sold its subsidiary, MSLS, to Sunrise
This subsidiary directly leases 14 of our properties and currently manages 17 of our properties that are leased to Five Star
Sunrise’s annual rent to us for the 14 properties it leases is dlra31dtta1 million, or 19prca of our total annualized current rents; this rent is guaranteed by Marriott
Five Star’s annual rent to us for its lease of the 17 properties which Sunrise manages is approximately dlra36dtta3 million, or 22prca of our total annualized current rents
Neither Marriott nor Sunrise has guaranteed Five Star’s rent for our communities which are leased to Five Star but managed by Sunrise
If Sunrise is unable to successfully operate or manage these communities, either Sunrise or Five Star, or both of them, may become unable to pay rents due to us
We are being adversely affected by our ongoing litigation with HealthSouth
We own two hospitals operated by HealthSouth
In March 2003, the SEC accused HealthSouth and some of its executives of publishing false financial information; since then, according to published reports, at least 17 former HealthSouth executives, including all five of its former chief financial officers, have pled guilty to, or been found guilty of, various crimes
In June 2005, HealthSouth filed a restated Annual Report on Form 10-K for the period ending December 31, 2003
In December 2005, HealthSouth filed late an Annual Report on Form 10-K for the period ending December 31, 2004
The financial and operating data included in these HealthSouth 10-Ks show a substantial negative net worth and a history of substantial operating losses
In January 2006, the court ordered HealthSouth to cooperate in licensing a new tenant for our hospitals and pay us the hospitals’ net patient revenues, after a 5prca management fee and payment of costs and expenses of operation, since October 26, 2004
During the pendency of our disputes with HealthSouth, HealthSouth continued to pay us a disputed rent amount of dlra725cmam000 per month through January 2006
On February 2, 2006, HealthSouth paid us an additional dlra4dtta6 million which HealthSouth represented to be an amount due from November 1, 2004 to December 31, 2005, and on February 15, 2006, HealthSouth paid us an additional dlra723cmam000 which it represented to be an amount due from January 1, 2006 to January 31, 2006
We do not know if HealthSouth will file for bankruptcy or if it will continue to pay us amounts due
Also, if HealthSouth’s legal and financial problems cause our hospitals’ 31 ______________________________________________________________________ operations to be disrupted before they can be transferred to Five Star, the value of our hospitals may decline and the rent we ultimately charge Five Star may be less than currently contemplated
We have incurred and are continuing to incur significant expenses in connection with our litigation with HealthSouth
See also the discussion of the HealthSouth litigation