A new investment of $132 million in B.C.’s system of substance-use care will build up treatment and recovery services for people who need them in communities throughout B.C., the Province announced on Wednesday.
This investment over the next three years for treatment and recovery services is part of Budget 2021’s historic half-billion-dollar investment to continue building a comprehensive system of mental health and addictions care from the ground up.
“When a person living with addiction is ready to take a step toward recovery, we must ensure services are available when and where they need them,” said Sheila Malcolmson, Minister of Mental Health and Addictions. “We have been busy patching holes where urgently needed over the past four years. Now, through Budget 2021’s historic investment, we are beginning to make true systemic change. B.C.’s $132-million investment in treatment and recovery will result in significant improvements everywhere in the province, making substance-use care more seamless, better integrated and easier to access.”
This funding will increase services across all regions of the province to strengthen the full continuum of substance-use treatment and recovery services, including withdrawal management, transition and assessment, treatment and aftercare services.
To achieve this, the investment will create more than 65 new or enhanced services throughout B.C., add more than 130 full-time-equivalent staff and open approximately 195 new substance-use treatment beds. Precise numbers will be confirmed through request-for-proposals processes. Updates will be provided along the way.
The Ministry of Mental Health and Addictions is working with health authorities on implementation planning for the full suite of enhancements over the next three years. Below is a snapshot of initiatives throughout B.C., with more services to be announced in every region:
* new sobering and assessment centre in Prince George
* new addiction medicine consult team at Burnaby Hospital
* new outpatient withdrawal management services in multiple locations throughout the Interior
* additional funding for withdrawal beds at Vancouver Detox
Transition and assessment:
* new transitional/stabilization beds across Interior Health, ensuring that people receive care planning and connection to treatment after leaving withdrawal management facilities
* enhancing substance-use assessment and/or transition services at Richmond Hospital, Onsite Detox and at St. Paul’s Hospital to ensure people are more easily connected to services and experience more co-ordinated and seamless transitions
* new regional residential treatment beds to support women from the Interior and Island health regions
* expanded adult addictions day treatment services in various communities in the Northern Health region
* extension of the Indigenous-led (Gwa’sala-‘nakwaxda’xw) partnership program for alcohol treatment and recovery in Port Hardy
* new recovery wellness community centres in two locations in the Vancouver Coastal Health region, to help people on their ongoing recovery journey
* new vocational and occupational therapists for Fraser Health’s Adult Day, Evening and Weekend (DEW) program will support people in reaching their substance-use recovery goals through group and one-on-one employment-focused services
* new peer-support initiatives to support ongoing aftercare in locations throughout the Northern Health region
* new peer-led, trauma-informed education program for people with lived and living experience of addiction in the Vancouver Coastal Health Region
These improvements to the treatment and recovery system of care build on recent expansions, including more than 100 new treatment and recovery beds for adults, 123 new youth beds and 20 new youth beds at the Traverse treatment centre in Chilliwack.
Investment firm head joins Algoma Steel's board – Sault Star
The president and chief executive officer of a New York-based investment firm is a new Algoma Steel board member.
Eric Rosenfeld founded Crescendo Partners in 1998.
He is a master of business administration graduate from Harvard University. Rosenfeld also serves on the boards of Primo Water Corp., CPI Aerostructures, Aecon Group and Pangaea Logistics Solutions, a release says.
He has served on boards since 1998. His first directorship was with Spar Aerospace, the company that developed the Canadarm used in space flights. Rosenfeld also served on the board of beverage maker Cott Corp.
He headed the arbitrage department of Oppenheimer & Co., an investment and brokerage bank, for 14 years before establishing Crescendo Partners.
Mary Anne Bueschkens, Gale Rubenstein, James Gouin, David Sgro, Brian Pratt and Rosenfeld join chair Andrew Harshaw, Andrew Schultz and Michael McQuade, a release says.
“ Our new board members bring critical expertise and diversity to the team,” said McQuade.
The other new members have backgrounds in the automotive, legal and construction sectors.
Bueschkens is a lawyer who has held various roles, including president and CEO of ABC Technologies, an automotive parts supplier.
Rubenstein is a partner in the Toronto-based law firm Goodmans LLP. She is counsel in the firm’s corporate restructuring group.
Gouin is a former head of Tower International, a global manufacturer of automotive products. He also worked 28 years at Ford Motor Company. He held two vice-president roles with the automaker.
Sgro is a senior managing director at Crescendo Partners. The firm’s services include consulting, mergers, acquisitions and capital raising support and private equity investment.
Pratt is a former chair and director of Primoris Services Corp., a parent company of construction and engineering firms. He was also president and chief executive officer and board chair of the Dallas-based Primoris, and its predecessor entity, ARB Inc., from 1983 to 2015. Pratt is a former chair of Legato Merger Corp.
All the board members are independent, except McQuade. He is ASI’s CEO.
The Sault Ste. Marie steelmaker started trading on the Toronto Stock Exchange on Thursday.
– with files from Postmedia Network
Micron Urges Government Investment with R&D Spend – The Next Platform
Over the last twenty years, memory has risen from 10% of the semiconductor market to almost 30%, a trend that is expected to continue, propelled by compute at the edge all the way up to datacenter. To meet these demands, memory giant, Micron, has announced it will make $150 billion in internal investments, ranging from manufacturing and fab facilities to R&D to support new materials and memory technologies.
The nature of the announcement serves two purposes. The first is obvious, Micron is putting a stake in the ground around its bullish view for edge to datacenter growth and their role as a primary component maker. The second is only slightly less obvious: to compel the U.S. to match funds or continue new investment strategies to support U.S. fabs and semiconductor R&D.
While $150 billion is a sizable investment, the fab component of Micron’s plans will gobble up a significant fraction. While no fab is created equally, consider TSMC’s investments in new facilities, which are upwards of $9 billion. Such investments can take two to three years to yield but the time is certainly right. Gartner, for instance, estimates the costs for leading-edge semiconductor facilities to increase between 7-10%.
While DRAM and NAND are less expensive than leading edge technologies, Micron will need to choose carefully as it sets its plans in motion. Luckily, there is ample government support building in the U.S. for all homegrown semiconductor industry, although it is unclear how federal investments, including the $52 billion CHIPS Act, will augment Micron’s own ambitions.
Micron is seeking the attention of government with its broad R&D and manufacturing investment, pointing to the creation of “tens of thousands” of new jobs and “significant economic growth.” In a statement, Micron explained that memory manufacturing costs are 35-45% higher than in lower-end semiconductor markets, “making funding to support new semiconductor manufacturing capacity and a refundable investment tax credit critical to potential expansion of U.S. manufacturing as part of Micron’s targeted investment.”
“The growth of the data economy is driving increased customer demand for memory and storage,” said Executive Vice President of Global Operations Manish Bhatia. “Leading-edge memory manufacturing at scale requires production of advanced semiconductor technology that is pushing the laws of physics, and our markets demand cost-competitive operations. Sustained government support is essential for Micron to ensure a resilient supply chain and reinforce technology leadership for the long term.”
Micron CEO, Sanjay Mehrotra says the company will “look forward to working with governments around the world, including in the U.S. where CHIPS funding and the FABS Act would open the door to new industry investments, as we consider sites to support future expansion.” The subtext there is that the U.S. is only one country in the running, among others making investments.
Increasing government support will likely align with fabs and facilities but Micron says it’s working on next generation technologies set to keep pace with growing demand.
This is part of the company’s 2030-era plan for memory technology. Micron sees edge and cloud deployments expanding but also points to AI as the leading workload across deployment types. The company’s senior VP and GM for Compute and Networking, former Intel HPC lead, Raj Hazra, says that by 2025, 75% of all organizations will have moved beyond the AI experimentation stage into production.
To support this more practically, Micron has set forth some ambitious near-term targets, including reaching for 40% improvements in memory densities over existing DRAM, double SSD read throughput speeds over current 1TB SSDs, 15% power reductions over existing DRAM and 15% better performance for mixed workloads over existing NAND.
Walmart allowing some shoppers to buy bitcoin at Coinstar kiosks
Coinstar, known for its machines that can exchange physical coins for cash, has partnered with digital currency exchange CoinMe to let customers buy bitcoin at some of its kiosks.
There are 200 Coinstar kiosks located inside Walmart stores across the United States that will allow customers to buy bitcoin, a Walmart spokesperson said.
Walmart was subject to a cryptocurrency hoax in September when a fake press release was published announcing a partnership between the world’s largest retailer and litecoin. The news had briefly sent prices of the little known cryptocurrency surging.
(Reporting by Uday Sampath in Bengaluru; Editing by Devika Syamnath)
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