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By Staff Reporters
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Heat: A 2016 study found that the average hospitalization due to a heat-related illness cost $5,359 between 2001 and 2010. (Healthcare Brew)
CITE: https://www.r2library.com/Resource
Mental Health: “Facilities are] just not staffed or oriented toward taking care of people with complex needs.”—Paul Getzel, director of advocacy group National Alliance on Mental Illness’s Seattle chapter, on a new report that 25% of Seattle-area residents on average are denied admission to mental health facilities (the Seattle Times)
Covid: Older adults with long Covid might experience “special challenges.” (the New York Times)
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Markets: Unfortunately, all three major indexes were down for the week as investors nervously side-eyed Jerome Powell. Kroger ticked up after the grocery chain revealed that it had agreed to pay $1.2 billion to settle claims over opioid sales but also struck a deal to sell 400 stores for $1.9 billion to help secure approval for its merger with Albertsons.
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Crypto: The CEO of collapsed crypto exchange “Thodex”, Faruk Fatih Ozer, was sentenced to 11,196 years in prison by a Turkish court for a potpourri of offenses, including aggravated fraud and money laundering. Thodex went belly-up in 2021, costing its investors an estimated $2.6 billion. If you’re thinking “That’s surely the longest jail sentence ever handed down for fraud,” think again: In 1989, Thai pyramid-schemer Chamoy Thipyaso was slapped with a 141,078-year sentence, or roughly 12.6 Ozers (though she was released after only a few years).
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Filed under: "Advisors Only", Alerts Sign-Up, Alternative Investments, Ethics, Experts Invited, Information Technology, Investing, mental health | Tagged: Albertsons, Covid-19, crypto, crypto currency, Faruk Faith Ozer, Healthcare Brew, heat, heat wave, hot, lomg covid, markets, mental health, national Alliance Mental Health, ozers, stock indexes, Thodex, warm | Leave a comment »
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