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Province announces funding for more addiction treatment spaces – Calgary Herald

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A new provincial investment of nearly $13M aims to create 2,172 addiction treatment spaces over three years


Premier Jason Kenney, Centre, with L-R, Leslie Big Bull, executive director, Sunrise Healing Lodge, Devin Rued-Fraser, Training and Marketing Director Sunrise Healing Lodge, Teressa Krueckl, chief executive officer, Thorpe Recovery Centre, Jason Luan, Associate Minister of Mental Health and Addiction and Stacey Petersen, executive director, Fresh Start Recovery Centre as he announced details of new publicly funded treatment spaces in the province in Calgary on Saturday, February 1, 2020.


Darren Makowichuk / Postmedia

Robby Sidhu, who is almost three years into recovery from addiction, said it’s difficult to look at the names etched onto the back windows of the Fresh Start Recovery Centre that memorialize those who lost their lives to addiction.

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Almost 30 names of men who died waiting for a treatment bed to open or who were alumni of the centre’s programs were visible as dozens packed the centre on Saturday to celebrate an investment in addiction treatment spaces by the province.

“We don’t need to keep adding names to that back wall if these programs are available,” said Sidhu, who completed a treatment program at Fresh Start almost three years ago and now heads their alumni program.

He said the Government of Alberta’s weekend announcement to create an additional 2,172 spaces for life-saving addiction treatment over the next three years is a significant and worthwhile investment to curb addictions-related deaths and prevent any more names from ending up on the back wall.

The provincial investment, totalling up to $4.3 million per year, will fund treatment spaces at Fresh Start Recovery Centre and Sunrise Healing Lodge in Calgary, and Thorpe Recovery Centre near Lloydminster.


Premier Jason Kenney greets residents and staff at the Fresh Start Recovery Centre as he announced details of new publicly funded treatment spaces in the province in Calgary on Saturday, February 1, 2020.

Darren Makowichuk /

Postmedia

Stacey Petersen, executive director of Fresh Start, said the investment is a “game-changer.”

“Over the course of my career in the addictions and recovery field spanning more than three decades, I have not witnessed this kind of government operational funding commitment. This kind of support for abstinence-based treatment and long-term recovery is unprecedented,” said Petersen.

Fresh Start will receive up to $1.56 million per year to fund 294 additional treatment spaces, Sunrise Healing Lodge will receive up to $518,300 per year to fund 156 additional treatment spaces, and Thorpe Recovery Centre will receive up to $2.21 million per year to fund 574 more treatment spaces.

Premier Jason Kenney called the drug crisis in Alberta a “social catastrophe” and said his government’s commitment to addictions and recovery services is reversing what he considers a poor decision by the former government to focus heavily on harm-reduction programs.

“We’ve always said that aspects of harm reduction do have a place within the continuum of care but we believe that in the past, the previous government, placed an almost single-minded focus on so-called harm reduction and they shifted resources away from recovery and treatment. We think that’s a dead end,” said Kenney.

“Facilitating addiction is not a way out of addiction.”

The provincial announcement comes in advance of the release of a provincial report reviewing supervised-consumption sites in Alberta. The report’s findings, which are likely to be announced in coming weeks, will highlight the negative social effects of supervised-consumption sites, including increased crime and property damage, according to Kenney.

He said previously the province might move or close existing sites, which could include the Sheldon M. Chumir Health Centre Safeworks site in Calgary.


The Safeworks injection site at the Sheldon M. Chumir Health Centre is shown on Friday, February 15, 2019.

Dean Pilling /

Postmedia

“At the end of the day you can’t get out of addiction while you’re still on drugs. The notion that compassion simply consists of giving somebody a needle to inject themselves with something that can kill them I think is misplaced,” said Kenney, before saying there is still a place for harm-reduction services.

The Sheldon Chumir site has had a 100 per cent success rate of reversing overdoses.

Sidhu, who struggled with alcohol, entered the Fresh Start program when he had hit “rock bottom.”

“I had broken my wrist, my pinky, my two front teeth from being out there. I lost a couple of my best friends to this disease and so, I was at a point where I knew I was going to be one of them,” said Sidhu. He said his name could just have easily ended up on the back wall.

Hanging from the rafters of the Fresh Start centre, and showing the alternative for people with addictions, are Calgary Flames jerseys with personalized names on the back and numbers five, 10 and 15.

“These are gentlemen who have made it five years, 10 years, 15 years in recovery,” Sidhu explained.

“I’d like to see my jersey up there in a couple of years.”

alsmith@postmedia.com

Twitter: @alanna_smithh

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Core Asset Wealth Management Launches Socially Responsible Investment Strategies – Yahoo Finance

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Core Asset Wealth Management is a financial management company. Recently, the company has incorporated SRI and Gene Therapies into its services.

Seoul, South Korea–(Newsfile Corp. – December 3, 2022) – Core Asset Wealth Management approaches socially responsible investing (SRI) in the latest development and seeks to maximize investment returns while avoiding companies that harm the environment or society.

As socially responsible investing has evolved into Environmental, Social, and Governance support, Core Asset Wealth Management is facilitating its clients with sustainable investment strategies. As the name implies, it is an investment process that considers environmental, social, ethical, and governance issues before allocating funds. All investors want to see their portfolios grow, but not at the expense of ethical practices, society, or the environment. Popular sustainable industries have recently included solar, wind, waste management, and water filtration.

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Core Asset Wealth Management investment planning is not just about finding ethical and socially responsible companies to invest in but also about taking an activist role by using their voting rights to affect change.

The company is focusing on Gene Therapy. It delivers an innovative yet controversial area enticing to invest in due to the possibility of curing previously incurable diseases. However, many ethical issues arise from the processes used, such as animal testing and the resulting changes that can occur in our DNA.

Core Asset Wealth Management uses many different socially responsible investment vehicles that can be used with Wealth Management. Stocks and bonds are always readily available, but applying the various SRI filters can be overwhelming and time-consuming. Socially responsible mutual funds and exchange-traded funds are more accessible ways to participate in SRI investment. For accredited investors, more customized SRI investments are available such as hedge funds, venture capital, and private equity funds.

Furthermore, Core Asset Wealth Management focuses on Ethical investing and shunning companies that test their products on animals, provide harmful effects, or regularly engage in fraudulent or deceptive practices.

By avoiding investments in these companies, Core Asset Wealth Management sends a message that they disagree with their unethical operations and support businesses that improve their lives and community. Ethical Investments provide the opportunity to apply their moral beliefs to the company’s Retirement Planning and other accounts. Core Asset Wealth Management Ethical Investments meet environmental, social, and ethical criteria to be included in various socially responsible investment (SRI) vehicles. These investments are divided into multiple categories based on their grade of green qualifications to help potential investors evaluate their options.

With new developments, Core Asset Wealth Management has come up with the following additional services:

Green Investments – Light

Light green investments are the lowest part of the ethical investment scale. This responsible investing filter avoids gambling, military, defense, nuclear energy, “sin” related companies, and weapons manufacturers.

Green Investments – Medium

Medium green investments are in the middle and apply a more rigorous filter that avoids oil and gas companies and alcohol and tobacco.

Green Investments – Dark

Dark green investments apply the strictest filters for investment ethics. They screen out companies that are active polluters, ignore social issues and focus on renewable energies like solar, recycling companies, and water purification investments.

About the Company – Core Asset Wealth Management

Core-Asset Wealth Management provides financial analysis and consulting to a broad range of retail clients and businesses. It also facilitates its client with Account Management, Market and Media Analysis.

Potential clients should visit the official https://acg-wealth.com/ for further updates.

MEDIA DETAILS:
COMPANY NAME: Core Asset Wealth Management
Client Name: Timothy Houston
Contact number: +822 3782 6980
E-mail: info@acg-wealth.com
Website: https://acg-wealth.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146692

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Turkey’s CHP Vows $100 Billion of Direct Investment If Elected – BNN Bloomberg

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(Bloomberg) — Kemal Kilicdaroglu , the leader of Turkey’s main opposition party, promised to bring $100 billion of direct investment if elected to power in the elections scheduled for June next year.

“There will be at least $100 billion of direct investment in the first three years of our government,” Kilicdaroglu said in Istanbul on Saturday, speaking at an event at which the CHP unveiled some of its economic, political and social policies.

He also said his government would secure an additional $75 billion investment in the first three years, from pension funds and wealth funds abroad, among other resources.

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The event dubbed “The CHP’s Second Century Vision” included speeches from Kilicdaroglu’s top economic aides and prominent economists, including Massachusetts Institute of Technology professor Daron Acemoglu. 

Faik Oztrak, CHP spokesman and deputy chairman responsible for economic policies, said the party would appoint a central bank governor who is “respected by the whole world.” The governor’s aim would be to permanently bring down inflation to single digits, he said. 

Incumbent central bank governor Sahap Kavcioglu is frequently criticized by the opposition over his failure to rein in inflation. Annual consumer prices in October accelerated to over 85%, the highest in almost a quarter century. 

Under pressure from President Recep Tayyip Erdogan, who is fixated on economic growth ahead of elections, the bank has cut its interest rate for four straight meetings, lowering it to 9% last month.

Read more: Turkey Slashes Interest Rate in Line With Erdogan’s Demand

Erdogan is a self-proclaimed enemy of high borrowing costs and he has fired three predecessors of Kavcioglu for clashing with him on monetary policy. Acemoglu said inflation would be lowered only through “normalization” in monetary policy and by fixing policies on interest rates.

“Turkey’s company and bank balance sheets also need to improve. If companies and banks have negative balance sheets they can’t make new investments. And Turkey needs significant new investments,” he said. “This will again be fixed with the right monetary policy, right financial policy and resources.”

©2022 Bloomberg L.P.

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Is Fomo the new greed when it comes to investing? – Financial Times

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If investors insist on trying to time their moves in stock markets, said Warren Buffett almost 20 years ago, they should be fearful when others are greedy, and greedy only when others are fearful.

It is good contrarian stuff. And the time-honoured depiction of markets in the permanent push-pull grip of these two animal spirits has an enduring appeal because (nuance and caveats aside) it does actually explain a lot of market psychology quite neatly. The difficulty arises, as now, when greed and fear start defining themselves as the same thing.

In the parsing of the FTX collapse — and of a string of other recent debacles that seem ominously comparable as phenomena of the loose money era — fear of missing out (Fomo) has repeatedly emerged as the critical ingredient in the investment build-up before the fall. Fear, in this usage of the word and in the context of the FTX and wider crypto run-up, was creating something that looked an awful lot like irrational exuberance. This exuberance, in turn, was fuelling something that behaved from a market standpoint an awful lot like greed does during its periodic stints at the wheel.

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As the Fomo narrative has it, investment money (much of it under the auspices of large, seemingly respectable funds) thunders collectively into particular assets (in many cases, with minimal due diligence) not because it necessarily believes in the underlying opportunity but because the rewards are presented as unmissable and the consequences of delay or scepticism are somehow scary.

The idea is not novel, even if the acronym is. Similar thought processes have featured before in earlier crises. In 2007, Citi’s Chuck Prince famously stressed the need to keep dancing as long as the music was playing: a freely chosen indulgence presented as an unquestionable obligation.

So is the current version of Fomo just greed in disguise? It is tempting to think so or, at the very least, conclude that the word “fear” here describes a more discretionary and easily surmountable dread than, say, the fear of loss, value destruction or worse. The casting of Fomo as a genuine fear demands evidence that there is some price to be paid for missing out (of the sort shops experience, for example, during panic-buying prompted by public alarm). Self-recrimination for a bonanza skipped, or the wrath of a dissatisfied investor, do not quite count.

During the past half decade of tech-centric investment, however, Masayoshi Son’s SoftBank has led the way in instilling a more legitimate set of Fomo concerns for certain investors. When the first of his Vision Funds launched in 2017, the $100bn vehicle was explicitly designed to create a new genre of tech investment.

It did this (or planned to) by using its scale not just to identify potential winners but to shower them with enough funding to ensure that, on metrics such as market share, they probably would be. This implied guarantee of dominance, however flawed, set a tone that would resonate: if investment is not about prospects but sure things, then Fomo is not greedy but wise.

With tech and crypto Fomo now in some limbo, a much larger and more complex version now sits on the horizon in China, and could dominate corporate and financial investment next year. A good number of fund managers say they are already positioning themselves for a short-term “Fomo event”. A relatively quick reopening of China or a sharp relaxation of zero-Covid rules is a change that no global or Asia-focused investor can afford to miss. The feeding frenzy could ramp up very swiftly.

But the longer-term Fomo trade relates to geopolitics, and to the way in which US and Chinese industrial policies have set themselves sufficiently at odds with one another to make some form of decoupling look more inevitable. Behind the rhetoric of the US Chips Act and the Made in China ambitions are geopolitical shifts that could eventually oblige more and more companies — in the US, Europe, Japan, South Korea and elsewhere — to make some kind of choice between the two blocs. In some cases, this might take the form of redesigned supply chains and other “friendshoring” investments to allow dual-track manufacturing and sales.

For others, though, there may be serious pressure to rethink being in China at all. And business leaders and their investors should perhaps consider that there may be valid reasons to miss out on the world’s greatest gross domestic product growth engine. This, truly, will put the “f” in Fomo: the question is whether the fear is strong enough for companies to push back before it happens.

leo.lewis@ft.com

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