Posts Tagged ‘nyse:sci’

No Gravatar

The Bereaved consumers Bill Of Rights Act is coming up for a vote in a Congressional Committee on Wed 7.21.10. This is an Important Congressional Vote for historic cemetery and death care reform.

The Bereaved Consumers Protection Act is in the the legislative process in the US Congress.

Recent Cemetery Scandals could have been prevented if this bill had been in effect. Those are the Burr Oak Cemetery Scandal, The Eden Memorial Park Scandal and the recent Scandal at Arlington National Cemetery.

World's Largest Funeral Corporation has had a cemetery Scandal, like Bur Oak

Cemeteries often have little regulation  and get away with price gouging. Recently I helped a Friend with a a grave site purchase and because there was no Law I could do nothing about the $4700.00 Price Gouging. This was a corporate ,NYE:SCI, Service Corporation International cemetery,  price gouging.

I have issued a Call to Action on the Wed, 7.21.10. possible committee vote.

.

Snppet From YourFuneralGuy.wordpress.com:

Your Funeral Guy asks you to IMMEDIATELY do three things:1.) Phone the U.S. House Energy and Commerce Committee at 202-225-2927 and 202-225-3641—you need to call BOTH numbers—to express emphatic support of  H.R. 3655.

2.) Phone friends and relatives and ask them to IMMEDIATELY call the two phone numbers listed above to express their emphatic SUPPORT to H.R. 3655.

3.) Phone your Congressman and tell him/her to contact the Energy & Commerce Committee to express SUPPORT for H.R. 3655. (Contact info for your Congressman is easily found at www.house.gov at upper left hand corner at “Enter Your Zip Code.”

The National Funeral Directors Association Has done the same Thing in Their Facebook Notes

via yourfuneralguy.wordpress.com

Snippet From NFDA Facebook Page:

The NFDA HAS CALLED FOLKS TO ACTION ON THEIR FACE BOOK PAGE

“ACTION NEEDED: House Committee Expected to Act on Bereaved Consumer’s Bill of Rights
The House Energy and Commerce Committee is expected to meet in the coming week to consider and vote on the “Bereaved Consumer’s Bill of Rights Act of 2009″ (H.R. 3655), a bill which would direct the Federal Trade Commission (FTC) to initiate a separate rule covering all sellers of funeral or burial goods or services, including cemeteries, crematories and third-party sellers of funeral or burial goods or services.

The bill was pulled from committee consideration in early May at the request of its primary sponsor, Rep. Bobby Rush, D-Ill., because of his opposition to a proposed amendment that would exempt non-profit religious cemeteries from the bill. Rush was concerned that for-profit cemetery operators could use the exemption to escape the requirements of the rule. While there was bipartisan support for the bill, and it most likely would have passed had the amendment not been introduced, it was pulled so committee staff could draft language that would address concerns about non-profit and religious cemeteries.

Because the Energy and Commerce Committee is expected to discuss this bill very soon, it is vital that you contact your representatives to demonstrate your support for this important legislation.

What is H.R. 3655?
H.R. 3655 would require the FTC to initiate a separate rule covering all sellers of funeral or burial goods or services, including cemeteries, crematories and third-party sellers of funeral or burial goods or services.

Why support H.R. 3655?
Through the Funeral Rule, the federal government regulates a portion, but not all segments, of funeral service. Consequently, consumers are only protected when they deal with funeral homes. H.R. 3655 would set a minimum national standard with which all sellers of funeral or burial goods or services – including non-profit and religious organizations – not covered by the Funeral Rule must comply. It would only apply to those who sell funeral or burial goods or services to the public, not to other businesses.

A lack of minimum national standards and inadequate state regulation has resulted in numerous serious scandals involving cemeteries and crematories. These scandals have caused untold emotional and financial stress and strain for consumers. These scandals have also damaged the reputation of the funeral service profession. A uniform federal rule is the only solution.

If passed, this bill would protect families by requiring cemeteries, crematories and third-party providers to provide minimum disclosures and establish practice requirements and prohibitions comparable to those that funeral homes must comply with under the Funeral Rule.

H.R. 3655 would not impose new fines or penalties. The fines and penalties that would apply to cemeteries, crematories and other third-party sellers under H.R. 3655 are the same ones that apply to funeral homes”

via www.facebook.com

Funeral Industry, Funeral News, Funeral Blog By Your Funeral Guy

The Bereaved Consumers Bill Of Rights Act is Moving Through Congress

One would hope that congressman Joe Barton would keep his Mouth shut at this next hearing as he has seemed to put his foot in his mouth last time the committee met on this, and when he spoke out on the BP Oil spill!

THE ICCFA is against this legislation, the Funeral Consumers Alliance is for it, along with the NFDA.


Google Buzz

Technorati Tags: , , , , , , , , , , , , , , , ,

Related posts

Tuesday, July 20th, 2010
No Gravatar

Service Corporation International, Dignity(R), NYSE:SCI has been changing the NAME  of Preneed Recently to funeral insurance. Preneed has been really having a bad time lately. There has been a triad of historic Preneed Funeral Scandals: The NPS (National Prearranged  Services), The Illinois Funeral Directors Association Preneed Funeral Scam, and the recent California Funeral Directors Association Scandal.

They have been doing it at their North Carolina Dignity(R) site.

Changing the name of Something that has a bad name does not change what it is or or it’s reputation.

Funeral Industry|Funeral News|Funeral Blog by Your Funeral Guy


Google Buzz

Technorati Tags: , , , , , , , , , , , ,

Related posts

Thursday, July 15th, 2010
No Gravatar

Service Corporation announced the acquisition of Palm Mortuary  in Las Vegas on Thursday, December 3rd 2009 in a PR-Web press release. This effectively gives Service Corporation International control of the Las Vegas Funeral Market.  This deal was approved by the Federal Trade Commission and the Attorney General of the State of Nevada.

#1 Funeral Corporation in the world purchases Palm Mortuary

#1 Funeral Corporation in the world purchases Palm Mortuary

Service Corporation International is the World’s largest provider of Funeral Services. It is known for its aggressive acquisitions in the Funeral Industry. It also is known for it’s high prices.  In 2009 it has been plagued with Scandal and had a disaster of a year financially in 2009.

To handle this SCI(NYSE:SCI) has resumed a strategy of cutting operating costs(quality of service decline) and acquiring new properties such as Palm Mortuary in Las Vegas.  This is not a good situation for the funeral consumer in Las Vegas. In the long run Consumers there will pay more and find it difficult to come in under the average cost of a funeral.

Funeral Industry|Funeral Blog by Your Funeral Guy.

Dignity Logo Pic on flickr at

Jeremy Brooks’ photostream


Google Buzz

Technorati Tags: , , , , , , , ,

Related posts

Sunday, December 6th, 2009
No Gravatar

The World’s largest funeral corporation is trying to fund its purchase of Keystone(5th largest funeral corp) by selling “Notes”. This tact used by Hollinger International led by Conrad Black(now in a Canadian prison) has led many a company to it’s demise. The fact that Service Corporation International, SCI, NYSE:SCI, is having trouble funding this purchase shows that the World’s Largest Funeral Corporation Deep Pockets are gone.

It also is another sign of Funeral Industry decline.

"HOUSTON, Nov. 5 /PRNewswire-FirstCall/ -- Service Corporation
International
(NYSE: SCI) ("SCI"), which owns and operates funeral service
locations and
cemeteries, announced today that it has priced an
underwritten public offering
of $150.0 million of senior notes due 2021,
which will bear interest at a rate
of 8.00% per annum.  The notes are being sold at
98.115% of par, which equates
to an effective yield to maturity of approximately 8.25%.
 SCI expects to
close the sale of the notes on November 10, 2009,
 subject to the satisfaction
of customary closing conditions.  

SCI intends to use the net proceeds from the offering,
together with available
cash, to fund SCI's acquisition of Keystone North America Inc.
The offering is
being made under SCI's existing shelf registration
statement previously filed
with the Securities and Exchange Commission ("SEC")."
via www.reuters.com

Funeral Industry|Funeral Blog by Your Funeral Guy


Google Buzz

Technorati Tags: , , , , , , , , ,

Related posts

Monday, November 9th, 2009
No Gravatar
If the Funeral Industry crashes will President Obama give a bailout? Probably not to Service Corporation International....Close ties to the Bush Administration.

If the Funeral Industry crashes ......

The funeral industry is in decline. This can be seen by the latest numbers from Service Corporation International, SCI, NYSE:SCI. Worlds Largest Funeral Corporation loses millions again.

Millions and tens of millions of Service Corporation loss in dollars , in almost every category. SCI showed profits in the third quarter  by laying people off
and not paying overtime.

Revenue loses total about 19 million.

Revenues decreased to $497.2 million from $516.4 million last year. Analysts expected revenue of $480.73 million for the quarter.

via www.rttnews.com

Funeral Industry|Funeral blog by Your Funeral  Guy


Google Buzz

Technorati Tags: , , , , , , , ,

Related posts

Friday, November 6th, 2009
  • How to Exit for Less

  • Friends

  • View my FriendFeed
  • your funeral guy trends

  • Your Funeral Guy

    • Breaking News

    •  

    • September 2010
      M T W T F S S
      « Aug    
       12345
      6789101112
      13141516171819
      20212223242526
      27282930  
    • Follow Me on Twitter

    Better Tag Cloud