When a person experiences professional success, they tend to take it for granted. Not that they don’t appreciate it or continue working hard, but that their income will continue to grow rather than stagnating or falling. This is a dangerous money fallacy, the idea that the checks will always come. People can avoid falling into this money fallacy by being mindful of the fact that good times don’t last, and by saving and investing so that the bad times will be more bearable. The good news is that the bad times don’t last, either. Read full article here
Societal Issues
To curb drug deaths, communities turn to Reddit, texts and wastewater
With drug overdose deaths on the rise, authorities are attempting to curb the epidemic by tracking and sharing information in real time. In one unique effort, a nonprofit in New York City is using drug-testing equipment and stamping or marking habits of dealers to identify drug batches that may endanger users. Other approaches are also being used, such as monitoring drug-related chatter on Reddit and analyzing local wastewater for opioid and other drug levels. With the combination of these efforts, researchers hope to put a dent in the opioid crisis and reduce overdose deaths. Read full article here
Merv
June 1, 2023
