Stock brokers in broward county

Stock brokers in broward county

Author: sanches812 Date: 13.07.2017

THE BLOOD BROKERS - HOW BLOOD, THE 'GIFT OF LIFE,' BECAME A BILLION-DOLLAR BUSINESS. Residents were asked to "dig farther, wider and deeper" than ever before to keep local blood supplies at desired levels. About pints a month. To areas of the country where people are less generous about donating blood than people here in Appleton.

Cable is executive director of the Community Blood Center Inc. Unlike many big-city blood banks, Appleton has no trouble meeting the needs of the four hospitals in this area to which it sells blood.

The blood center hasn't had to buy blood from another center in six years. Cable said his blood center "got into resource sharing" in order to balance its inventory. Projecting the demands of the four hospitals is difficult, he has said. Sometimes those hospitals use units of blood a month, and sometimes they use as many as 1, units, Cable said. To make certain there is always enough blood, the blood bank routinely collects more than it needs, Cable said. As that blood begins to get old, it is sold.

Blood can be stored without freezing for as long as 42 days. Most of Appleton's blood sales are through a clearinghouse operated by the American Association of Blood Banks in Arlington, Va.

Cable said the profit helps underwrite his blood bank's operations. InCable agreed to sell 50 pints of whole blood a week to the Central Kentucky Blood Center in Lexington. The Lexington blood bank's executive director, Walter Watts, said he bought whole blood from Appleton to extract platelets, a component that helps blood clot. The remaining red cells were then resold to the Broward Community Blood Center, near Fort Lauderdale, Fla. We'll bring in Broward, in turn, resold the blood it bought from Lexington, and thousands of other pints of red cells it purchased from other blood banks, to hospitals in New York City, Rouault said.

In all, Broward bought about 15, pints of blood under contract inaccording to its president, Dr. Broward bought 10, pints more on the spot market, bringing its total purchases to 25, pints. Rouault is one of only two doctors licensed to sell blood in New York City, records show.

He has connections to hospitals there, he said, from his days as a medical resident and knows most of the blood-bank directors. Reports filed in with the New York State Department of Health show that at least four hospitals purchased blood from Rouault: Mount Sinai Medical Center, Columbia Presbyterian Hospital, New York University Hospital and Lenox Hill Hospital.

Rouault says he is not making excess profits.

PHOTO 11. Rouault's center sells blood to New York City hospitals. PRICE Blood sustains life itself, transporting vital oxygen and nutrients to body tissues and removing carbon dioxide and other wastes.

It also helps fight infections and generates clotting proteins that prevent undue blood loss from cuts. Roughly 7 percent of the average American man's body weight is made up of blood - about 10 to 12 pints. The average American woman has about nine pints. Each year, more than 4 million Americans receive transfusions, using about The number of units transfused varies from as little as one pint to dozens of pints for such procedures as liver transplants.

Blood can be stored without freezing for up to 42 days.

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A measurement of blood; for example, a unit of red cells or a unit of plasma. The volume in a unit varies, depending on the blood component. Consists primarily of red blood cells, plasma and platelets. A unit of whole blood is equal to milliliters, or about a pint. Transport oxygen through the body and are used to fight anemia.

A unit of red cells is equal to about milliliters, or about half a pint. The solution in which red cells are suspended. Transports nutrients and bolsters the immune system. The source of a number of important proteins that promote clotting and fight infections. A unit of frozen plasma is equal to about milliliters, or nearly half a pint. Cause blood to clot, are prescribed for patients whose own cells have been destroyed during therapy for leukemia and other forms of cancer.

Platelets may be recovered from whole blood or drawn separately from donors in a process called hemapheresis. A unit of platelets is equal to about 50 milliliters. Cable, executive director of the nonprofit blood bank, told the local newspaper. The citizens did dig deep; last year, 15, pints of blood were donated by Appleton residents to help save the lives of their friends and neighbors.

What they didn't know, though - don't know to this day - was that the same month the blood bank was appealing for blood, it sold pints - half its monthly blood collection - at a profit to other blood banks around the country. Or that last year the blood center in Appleton contracted to sell pints a month to a blood bank miles away in Lexington, Ky.

Or that Lexington sold half the blood it bought from Appleton to yet a third blood bank near Fort Lauderdale, Fla. Which in turn sold thousands of pints it bought from Lexington and other blood banks to four hospitals in New York City. Along that 2,mile route, human blood became just another commodity. The buying and selling of blood has become big business in America - a multibillion-dollar industry that is largely unregulated by the government. It is not uncommon for some blood banks to broker between 20 percent and 40 percent of what they collect.

In Appleton, nearly half the blood collected from donors in the last two years was sold outside the area. In Waterloo, Iowa, the American Red Cross sold six of every 10 pints collected last year to other blood banks.

They do it, blood bank officials say, to share a limited resource. Although they have a monopoly, blood banks in dozens of cities - Philadelphia among them - are unable to collect as much blood as they need. To cover their shortfalls, they buy blood from centers, such as Appleton, that collect more than they need. Nobody disputes the value of sharing blood. But in the last 15 years, this trading in blood has become a huge, virtually unregulated market - with no ceiling on prices, with nonprofit blood banks vying with one another for control of the blood supply, with decisions often driven by profits and corporate politics, not medical concerns.

In this marketplace, blood, a vital resource, gets less government protection than grapes or poultry or pretzels. Dog kennels in Pennsylvania are inspected more frequently than blood banks. Aaron Kellner, recently retired president of the New York Blood Center, which buyspints of blood a year. They would be furious if they knew about it.

I gave it to be used at the least expense by anyone who would need it," Lynne Nelson, 24, of Appleton, said when told by a reporter recently that some blood collected there is sold elsewhere.

It is not just a question of candor. As more and more blood is traded around the country - changing hands two, three or four times - it becomes much more difficult to keep track of which blood came from where, or from whom. As the collection and distribution network becomes more complex, chances of errors multiply. In fact, errors at blood banks have increased dramatically in the last two years as overworked technicians struggle to keep up with more and more tests for detecting viruses in the blood, including those for hepatitis and AIDS.

The potential for fatal mistakes is "a ticking time bomb," said Frank E. Young, commissioner of the Food and Drug Administration. Most stock brokers in broward county sales take place through clearinghouses operated by the American Red Cross and other nonprofit blood-collecting groups. But there is also a spot market - not unlike the one for oil - where hundreds, possibly thousands, of sales occur each year.

Rouault, president of the Broward Community Blood Center near Fort Lauderdale. No one - not the federal government, not the blood banks themselves - knows for sure how much blood is bought and sold on the open market. There are no requirements that sales be reported; no government agency keeps track.

All of which should be of grave concern to Americans, for the very safety of the nation's blood supply is at stake. A yearlong examination of the American blood system by The Inquirer has uncovered major flaws in the way blood is collected, distributed and regulated. Hospitals add their own markups, often unrelated to their actual costs. And blood centers facing shortages are left to scramble to find blood. Their commercial competitors say the blood banks enjoy an unfair business advantage because they are exempt from paying taxes.

Yet until the AIDS epidemic, doctors routinely ordered transfusions for patients undergoing surgery, often unnecessarily exposing them to risks of blood-borne infections.

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Yet confidential documents show the industry ignored or delayed using readily available classes stock market pune and procedures to make binary option with a deposit of 1 ruble and transfusions safer.

This haphazard system exists because the United States has failed to develop a comprehensive blood program that ensures adequate, safe supplies to all regions of the country at fair prices.

The United News ea forex factory is one of only a handful of Western nations that leave the collection and distribution of blood scattered among a patchwork of private and quasi-public groups.

Kear, administrator of the Red Cross' blood center in Los Angeles. Unless they stopped making what a rival blood bank said were disparaging and defamatory statements to doctors, hospital officials and patients, "our client has instructed us to consider a civil lawsuit against you for substantial damages," a letter said.

It was written by a lawyer representing the Broward Community Blood Center in Lauderhill, Fla. Rouault, the blood bank's president, freely acknowledges he was the force behind it.

Tomasulo and I have been at war for years," Rouault said. There's not much more. It is a battle that in the last decade has spilled over to the board rooms and surgical suites of some of Florida's most prestigious hospitals, has divided school officials and companies and has left many of those involved angry and confused.

South Florida is one of only a handful of major metropolitan areas in the nation where blood banks compete. Economists and other observers say competition would be good for blood banks, leading to lower prices.

Some blood bank administrators say they are appalled by the rivalry in South Florida. The competition between Rouault and Tomasulo has stockland mall merrylands christmas trading hours hard feelings and forced people who deal with the blood banks to take sides.

Each blames the other for allowing the situation to get out of hand and wanting to put his rival out of business. Tomasulo said Rouault had a "clear intention to increase market share" at his expense and had raided some of his blood bank's traditional donor groups. Rouault countered that the Red Cross' South Florida Blood Services raided Broward's groups first, and complained that Red Cross has a "monopolistic mind-set. They want to operate a cartel.

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The two presidents locked horns again this year when Tomasulo requested permission from the Broward County school board to collect blood in high schools there. Rouault protested, arguing that he had spent years building up a successful program in the schools. An arbitrator, Circuit Judge John A.

Miller, scolded both in a February report that supported most of Rouault's contentions. Therein lies the real story of this blood feud. What is ultimately at stake is control of a product worth millions of dollars. A salary figure for Tomasulo was not available. Rouault contends that the Red Cross in Miami has invaded Broward and Palm Beach Counties because it can't collect enough blood in its home turf of Dade County to meet the needs of the 61 hospitals it serves.

I would be embarrassed," Rouault said. Tomasulo said his blood center has "made great strides toward becoming self- sufficient" in the last decade.

There are many challenges to collecting blood. Until JulySouth Florida Blood Services was a private, nonprofit blood bank with no affiliations. But that month, Tomasulo and his board of directors agreed to merge with the Red Cross. The decision was prompted by many factors, including the competition with Broward, Tomasulo said.

As part of the merger, the Red Cross agreed to supply Tomasulo with blood to make up his deficits. Tomasulo, in turn, agreed to not buy blood from non-Red Cross blood banks, including Rouault's.

Following the merger, South Florida Blood Services cut its price to compete with Broward, improved its collections in Dade County and expanded its efforts to collect and sell blood in counties to the north - including Broward and Palm Beach Counties.

stock brokers in broward county

Flynn, president of the Palm Beach Blood Bank in West Palm Beach. Flynn has formed an alliance with Rouault to fight Tomasulo. For Rouault, the South Florida Blood Services and Red Cross merger was a nightmare come true.

InRouault began selling blood to hospitals in New York City and northern New Jersey to help finance his battle.

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Tomasulo and Red Cross management at national headquarters in Washington were not happy when they found out what Rouault was doing. Rouault said they "tried to pressure some of the hospitals into not buying the blood. Tomasulo denied that charge but acknowledged calling at least one blood-bank director at a New York hospital. More recently, a Red Cross official complained to the Internal Revenue Service that the Broward blood bank had refused to show him its tax return as required by law.

Even though they pay no taxes, nonprofit blood banks file statements of their income and expenses with the IRS. Hunter, financial administrator for the Miami Red Cross. That's what I was doing. I wanted to know what is their financial position, to make comparisons. Responded Jeffrey McNally, administrator of the Broward Community Blood Center: Read on to Part 2 - The Loose Way The FDA Regulates Blood Industry.

PHOTO 21. The Broward center's Rouault accuses the Red Cross of having a "monopolistic mind-set. Peter Tomasulo heads the Miami Red Cross, which has moved into Broward County.

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stock brokers in broward county

If you have questions or comments about this web site please e-mail: THE BLOOD BROKERS - HOW BLOOD, THE 'GIFT OF LIFE,' BECAME A BILLION-DOLLAR BUSINESS Gilbert M. Part 2 - The Loose Way The FDA Regulates Blood Industry Part 3 - Fear of AIDS Spurs Change Part 4 - Red Cross: From Disaster Relief to Blood Part 5 - America: MIAMI - In FebruaryDr.

Tomasulo and two other physicians associated with the American Red Cross blood bank in Miami received an unusual warning. A blood war is going on in South Florida. But what is happening here could cause second thoughts. PHOTO 51.

Transportation in South Florida - Wikipedia

Tyson Thompson, 17, gives blood at Broward Community Blood Center, near Fort Lauderdale. Technician Claudene Talbott catalogues units of whole blood at the Broward blood center. Barbara Phillips enters a bloodmobile in Appleton, Wis. At the Red Cross center at 23d and Chestnut Streets, an employee prepares freshly collected blood for processing.

Medical technician Judy Goodermote monitors the plasma machine as Bob Barlament donates blood in Appleton. Appleton Post-CrescentMAP 11. Who buys and sells blood: The top five blood centers SOURCE: From donor to patient: How blood is collected and priced SOURCE: Crozier Chester Medical Center, American Red Cross; The Philadelphia Inquirer2. What one hospital charges for blood SOURCE: Crozier Chester Medical Center, American Red Cross; The Philadelphia Inquirer3.

Prices charged by blood banks for a pint of red blood cells, SOURCE: The OPEC of The Global Plasma Industry. Blood sustains life itself, transporting vital oxygen and nutrients to body tissues and removing carbon dioxide and other wastes. Here are some terms used in the blood industry:

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