In 1971, the Nixon administration coined the term “War on Drugs.” Nixon’s crusade to eliminate illegal drug-use turned into propaganda by state-run media and was championed by succeeding presidents, including Reagan. Four decades and counting: The continued failure of the War on Drugs has led the government to waste hundreds of billions of dollars in taxpayer dollars and turned America’s prison system into a dystopian nightmare.
Prohibition of drugs is not only ineffective, but counterproductive, at achieving positive outcomes for society. Given the fact that the War on Drugs has contributed to an increase in drug overdoses and fostered the creation of powerful drug cartels domestically and internationally.
We have to ask the question: What can America do differently since the War on Drugs has failed?
The answer could be in the city of San Francisco, as the Department of Public Health is on pace to open two safe injections sites this July, which could become the nation’s first legal, safe injection site aimed at curbing the opioid epidemic. The facilities are considered safe spaces where drug abusers can inject drugs, such as heroin and fentanyl, under the careful supervision of trained medical staff to respond in the event of an overdose or other medical emergencies, said CNN.
While San Francisco Mayor Mark Farrell believes the controversial facilities are not the ideal solution, he thinks the city has no other choice in arresting the out of control overdose deaths ravaging the region.
“I understand the misgivings around it and some of the rhetoric from people who don’t support it,” Farrell said last week. “But we absolutely need to give it a try.”
Other cities — including Seattle, Baltimore, and Philadelphia — are discussing safe injection facilities with their community leaders, but San Francisco could be the first in the next few months. For some time, facilities in Australia, Canada, and Europe have been providing a friendly environment for drug users to chase the dragon.
On a side note, more than 63,000 people overdosed and died in 2016, according to the US Centers for Disease Control and Prevention, which is more than the number of Americans killed in Vietnam. Over the next decade, it is projected that half of million people will overdose and die in the United States, exceeding the number of Americans killed in World War II.
San Franciso’s plans to open both safe space facilities are around the July timeframe.
“I’m really excited,” said Laura Thomas, the California state director for the nonprofit Drug Policy Alliance. “I’ve been working on this particular issue for over a decade.”
According to the Safe Injection Services Task Force, there are some 22,000 intravenous drug users scattered around San Francisco, which the number is growing as the technology boom has priced many people out of homes which contributed to an explosion in the homeless population, and of course, has led many to a life of drugs on the streets.
Soros Newest Investor Of Tesla Bonds
Tesla looks to have a new bond holder and it’s none other than George Soros. Whatever this mean, Soros has also taken a stake in Crypto-Currencies .
Zerohedge Reports: Amid Elon Musk’s darkest hour in late March – as his stocks and bonds tumbled in price – it seems there was at least one other billionaire willing to buy the ‘blood on the street’.
According to the latest 13Fs, George Soros’ investment firm took a $35 million stake in Tesla’s convertible bonds during the first three months of the year.
As a reminder, convertibles are hybrid securities, either bonds or preferred stock, that can be exchanged for a predetermined number of common shares. That effectively lets an investor participate in stock-price changes, but with the yield and greater security of a fixed-income instrument.
The March 2019 Converts bounced handsomely off those lows – tracking the stock’s divergent bounce – but in recent days has fallen back towards the lows, catching down to the straight bonds record low price.
“Racial Bias Education Day” To Close Down Starbucks Nationwide
Starbucks is going to the illogical extreme by taking an entire day to put their employees through what they call “Racial Bias Education Day”. Coming after a viral videos showed two men being arrested in a Starbucks in Philadelphia. Starbucks almost instantly gave into calls to do ‘something’ but will this really fix anything in a culture where ‘racism’ is more of a political talking point than an actual substantive conversation or debate.
CNBC Reports: Starbucks said Tuesday it will be closing all of its company-owned restaurants in the U.S. during the afternoon of May 29 to conduct a racial-bias education program.
“I’ve spent the last few days in Philadelphia with my leadership team listening to the community, learning what we did wrong and the steps we need to take to fix it,” Kevin Johnson, CEO of Starbucks, said in a statement Tuesday. “While this is not limited to Starbucks, we’re committed to being a part of the solution. Closing our stores for racial bias training is just one step in a journey that requires dedication from every level of our company and partnerships in our local communities.”
Soros Now Investing In Crypto-Currencies
After a historic drop in cryptocurrency prices in the first quarter, one which deflated much of the euphoria that surrounded the sector in late 2017 and the start of this year, the space is about to get exciting again because none other than 87-year-old billionaire George Soros is reportedly preparing to trade cryptocurrencies as prices plunge.
According to Bloomberg, Adam Fisher -who oversees macro investing at New York-based Soros Fund Management – has received internal approval to trade virtual coins in the last few months, “though he has yet to make a wager.”
The question, of course, is whether Bloomberg’s leak is accurate, and if indeed Soros is only now getting started in the space or if he has quietly loaded up already.
What is ironic, is that just three months ago when speaking at the World Economic Forum in Davos, Soros said digital coins cannot function as actual currencies because of their volatility, “but he didn’t predict the hard tumble that some observers had forecast at the time.”
“As long as you have dictatorships on the rise you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad,” Soros, 87, said on Jan. 25.
With Bitcoin tumbling below $7000 recently…