Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Joe Allison who wrote (11004)	4/30/1998 9:03:00 PM
From: Terry Rose	Read Replies (2) \| Respond to of 116944

Joe, My medical assistant and myself are both employees of the clinic, and therefore her salary is set by the clinic. I along with other physicians at the clinic have been pushing for a pay raise for our medical assistants for over two years, and last week it was finally approved. Her salary for a full time position is now a little over 14,000$ annually, and I think that she still is underpaid for all the work she does along with her years of work experience. One thing I would like to point out to you is that most of the people that work at our clinic are there because we want to help the poor, and we accept the lower pay in order to provide more benefits to the patients. As I posted earlier our pharmacy costs is pushing 1 million dollars annually. We have several nuns who work there full-time for free. The work is hard and the waiting room is usually packed with some very ill patients who have limited options for health care since most of them have no health insurance. My main reason for bringing up her economics, is to give an example of the massive credit bubble being created by the loose policies of financial institutions and the Federal Reserve. My medical assistant is a very dear person, but she is at best a marginal credit risk. If and when this credit bubble implodes, the risk of financial ruin for millions of these marginal and poor risk borrowers is mind-boggling. I cannot afford to take the risk so I am fully loaded with gold assets to weather the storm. Those less fortunate who have been enticed to spend and spend are very vulnerable and may soon be new patients of our clinic when we have the next recession. Terry,