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money is n't the only reason for the shift in practice preferences
it reflects values of a generation that wants more time for families and personal interests says john h. <unk> iii who directs <unk> searches for <unk> international
this is a change in the social fabric of medicine he says
related <unk> trim hospital bills
when <unk> <unk> spent several weeks at the medical center of vermont recently with a bone infection in her <unk> she shared a room just like most patients
but unlike most patients her <unk> was her husband
it was certainly good to have him handy mrs. <unk> says
the <unk> cooperative care unit is one of about N nationwide where a family member or friend helps care for a patient in the hospital
the philosophy is to make the patient and the family very responsible for a portion of their own care says anthony j. <unk> medical director of cooperative care at new york university medical center where the concept began N years ago
it helps us and them while they 're here and it certainly makes them a better health-care team when they get home
it also <unk> money
because patients require less attention from nurses and other staff room charges are lower about $ N less per day than a regular room at the vermont hospital
cancer patients <unk> prolonged radiation therapy diabetics learning to manage their blood sugar levels and <unk> <unk> patients are among those who spend time on <unk> units
the approach has generated so much interest that <unk> is host to the first conference on cooperative care nov. N
it 's really part of the hospital of the <unk> century dr. <unk> says
odds and ends
the chief nursing officer can be responsible for more than N employees and at least one-third of a hospital 's budget a head <unk> typically oversees up to N employees and $ N million
so says the commonwealth fund a new york <unk> that 's <unk> a $ N million project to develop joint masters in business and nursing programs at N universities
<unk> medical college in <unk> tenn. <unk> a new research publication in the spring the journal on health care for the poor and <unk>
a group of michigan investors has offered to buy knight-ridder inc. 's ailing detroit free press for $ N million but has left unclear how the offer will be financed
the offer came just prior to arguments before the u.s. supreme court over whether the free press should be allowed to enter into a joint operating pact with <unk> co. 's detroit news
the group led by birmingham mich. <unk> william d. <unk> did n't name an investment banker backing the deal or say how much its members will contribute to the offer
indeed some individuals identified with the group said they have n't committed any money to the bid and were n't aware of it until they heard about it in local news accounts over the weekend
knight-ridder would n't comment on the offer
the company has said the paper is n't for sale and has rebuffed mr. <unk> 's earlier requests for access to free press financial statements
in his letter to knight-ridder president james k. <unk> mr. <unk> said he arrived at the $ N million figure using knight-ridder 's corporate financial statements and comments by knight-ridder officials that the free press has a $ N million value in salvage
but in an interview mr. <unk> said he and his investment banker would need access to full financial records before <unk> up the offer
mitsui & co. said it started a joint venture with <unk> <unk> chemical co. a major pharmaceutical manufacturer in south korea to manufacture <unk> <unk>
the new company is capitalized at about $ N million
mitsui expects the <unk> products to be exported to southeast asia and africa
it also hopes to enter the u.s. market
nrm energy co. said it filed materials with the securities and exchange commission calling for it to restructure into a corporation from a limited partnership
the partnership said it is proposing the change largely because the provisions of its senior notes restrict it from making distributions on its units outstanding
nrm suspended its common distribution in june N and the distribution on its $ N cumulative convertible acquisition preferred units in september
however unpaid distributions on the acquisition preferred are cumulative and would total $ N million a year hurting nrm 's financial flexibility and its ability to raise capital nrm said
in following several other oil and gas partnerships that have made the conversion to a corporation in the last year nrm also noted that tax advantages for partnerships have diminished under new tax laws and said it would save $ N million a year in administrative costs from the change
under the plan nrm said holders of its common units will receive one share of new common stock in edisto resources corp. for every N common units owned
holders of nrm 's $ N cumulative convertible acquisition preferred units will receive one new common share in edisto for every N units they own
after the transaction current common <unk> will own about N N of edisto current acquisition preferred holders will own N N and current stockholders of edisto will own about N N about the same stake as edisto owns now in nrm
edisto currently is the general partner of nrm
as the largest holder of acquisition preferred units mesa limited partnership would own about N N of edisto after the transaction
as part of the transaction edisto agreed to give mesa an <unk> texas oil and gas partnership managed by t. boone pickens jr. a seat on its board
nrm said its $ N senior cumulative convertible preferred units will be converted into an equal number of shares of $ N senior cumulative convertible preferred stock of edisto
the transaction is subject to approval of nrm <unk> of record on oct. N among other conditions
nrm said it expects <unk> to vote on the restructuring at a meeting dec. N
<unk> co. and <unk> corp. said they 've discontinued talks toward a definitive agreement regarding <unk> ' acquisition of <unk> 's chemical <unk> group
the companies reached an agreement in principle for the sale in august
terms were n't disclosed
<unk> <unk> produces <unk> and coatings while the los angeles-based <unk> coatings group produces industrial coatings
<unk> corp. agreed to sell its headquarters building here to manufacturers life insurance co. of toronto and will lease the <unk> facility until it moves to a new quarters in N
the <unk> concern did n't disclose terms of the sale which will close in the first quarter of next year
proceeds from the planned sale of the <unk> building will help reduce the debt incurred as a result of our july N recapitalization said a <unk> official
the recently revived enthusiasm among small investors for stock mutual funds has been <unk> by a jittery stock market and the <unk> over program trading
after hitting two-year highs this summer net sales of stock funds slowed in september according to the investment company institute a trade group
the sales recovery <unk> to a halt this month some analysts say
confidence was starting to come back because we did n't have wildly volatile days says tyler <unk> research director for <unk> <unk> <unk> & co. a boston research firm
now everything such as program trading and wide stock market swings that everyone had pushed back in their <unk> is just sitting right there
net sales of stock funds in september totaled $ N million down from $ N billion in august the institute said
but if reinvested dividends are excluded investors put in only $ N million more than they pulled out for the month
october 's numbers which wo n't be released for a month are down further mutual fund executives say
investors in stock funds did n't panic the weekend after mid-october 's 190-point market plunge
most of the those who left stock funds simply switched into money market funds
and some fund groups said investors actually became net buyers
but the stock market swings have continued
the recent outcry over program trading will cast a pall over the <unk> environment in the coming months some analysts say
the public is very close to having had it mr. <unk> says
investors pulled back from bond funds in september too
net sales of bond funds for the month totaled $ N billion down two-thirds from $ N billion in august
the major reason heavy outflows from high-risk high-yield junk bond funds
big withdrawals from the junk funds have continued this month
overall net sales of all mutual funds excluding money market funds fell to $ N billion in september from $ N billion in august the trade group said
small net inflows into stock and bond funds were offset by slight declines in the value of mutual fund stock and bond portfolios stemming from falling prices said jacob <unk> the institute 's chief economist
many small investors went for the safety of money market funds
assets of these and other short-term funds surged more than $ N billion in september the institute said
analysts say additional investors transferred their assets into money funds this month
at fidelity investments the nation 's largest fund group money funds continue to draw the most business says michael <unk> vice president marketing
in october net sales of stock funds at fidelity dropped sharply mr. <unk> said
but he emphasized that new accounts new sales inquiries and subsequent sales of stock funds are all up this month from september 's level
investor interest in stock funds has n't stalled at all mr. <unk> maintains
he notes that most of the net sales drop stemmed from a <unk> period following the friday the 13th plunge
if that follows through next month then it will be a different story he says
but mr. <unk> adds sales based on a few days ' events do n't tell you much about october 's trends
one trend that continues is growth in the money invested in funds
buoyed by the continued inflows into money funds assets of all mutual funds swelled to a record $ N billion in september up fractionally from $ N billion in august
<unk> managers meantime went into october with less cash on hand than they held earlier this year
these managers held N N of assets in cash at the end of september down from N N in august and N N in september N
large cash positions help buffer funds from market declines but can cut down on gains in rising markets
managers of junk funds were <unk> their cash <unk> after the september cash crunch at campeau corp
<unk> managers raised their cash position to N N of assets in september from N N in august
in september N that level was N N
investors in all funds will seek safety in the coming months some analysts say
among stock funds the conservative <unk> portfolios probably will remain popular fund specialists say
there will be a <unk> and possibly greater focus on conservative equity funds at the expense of growth and aggressive growth funds says <unk> <unk> an analyst at strategic insight a new york <unk> concern
secretary of state baker we read decided to kill a speech that robert gates deputy national security adviser and a career soviet expert was going to give to a student <unk> the national <unk> security conference
we keep wondering what mr. gates wanted to say
perhaps he might have cited mr. gorbachev 's need for a stable currency free and competitive markets private property and real prices and other <unk> reforms
perhaps he 'd have called for a <unk> political and economic system without a dominant communist party
or political arrangements to alleviate the <unk> and demands of soviet ethnic minorities and republics
why a bob gates might even have said nor are soviet problems susceptible to rescue from abroad through abundant western credits
if mr. gates had been allowed to say these things we would now be hearing about <unk> and disarray on foreign policy