May 17, 2012

Student loan forgiveness for geriatric doctors now national model

South Carolina was the first state to create a student loan forgiveness program designed to attract doctors who specialize in helping senior citizens.

The program will forgive up to $35,000 of students loan debt incurred during medical school for each year of specialized fellowship training in geriatric medicine undertaken by successful applicants.

Dr. Victor Hirth chairs the committee which reviews applications. He says $35,000 helps doctors to make up their minds.  “The average medical school debt now is a little more than $120,000,” he says.  “That’s for public universities.  For private universities it’s higher.” 

In its four years of operation,the program has brought 15 additional geriatric specialists to the state, increasing the overall number by 30 percent. [Read more...]

Bauer: Doing away with Lt. Governor’s office a mistake

Pickens County Senator Larry Martin said last week that he might support eliminating the position of Lt. Governor in South Carolina. Martin pointed out that his position is not at all against current Lt. Governor Andre Bauer specifically, but he believes that dissolving the position would save some money. And Martin says chances of the Lt. Governor taking over authority from the Governor during an emergency are slim to none.

But Bauer does not like Martin’s idea.  “Number one is that the move across the country now is to add Lt. Governors,” says Bauer.  “There are now only five states that don’t have a Lt. Governor.  New Jersey added one last year.”

The Lt. Governor of South Carolina is a part-time job. The office holds very little policy-making ability.

Bauer also does not like Martin’s idea of having a state senator fill in for the governor in the case of an emergency.  “Out of all 46 senatorial districts only one would have had any say so in vetting who would become governor.” [Read more...]

Nation’s retailers report rebound in 2009

Christmas 2009 turned out to be much merrier for the nation’s retailers than the dismal days of December 2008. Some national chains reported as much as double-digit increases in their stores after rebounding from one of the worst seasons in decades. An estimated 75 percent of retailers said they beat industry estimates in holiday sales.

University of South Carolina Retailing Department Chair Marianne Bickle says by looking at statistics in speciic categories these statistics tell us about the retail industry possibilities in 2010.

“In retailing, what’s so important is to find out where consumers are buying, what they are buying, and how they are buying. In retail,” continues Bickle, “what we really want to find out are consumer trends.” She says the next step is to see how retailers can capitalize and learn from those trends as well as “how to adapt to those trends.”

Retailers learned a hard lesson last year by stocking up on too much inventory. “Gone are heavy inventory,” says Bickle. “You’ll notice that in 2009 there was a lot less inventory than in 2008. In 2008 consumers had a lot of inventory in which to choose from.”

She said that if you see something you like, better not chance it being there if you plan to wait a week before purchasing it. ” In 2008, you had plenty of choices. In 2009, if you saw something on sale and you didn’t buy it then saying, ‘I’m going to come back next week,’ it was gone.”

Does this mean that consumer confidence is back? “I hear from retailers that spending is coming back up, that it’s doing a lot better,” says Bickle. “But from retailers, I’m also hearing that they’re very grateful for consumers and they’re treating their consumers well. And I’m hearing a lot of gratitude -both on the side of consumers and on the side of retailers.”