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Monthly Archives: September 2021
Larry Elder Speaks to Newsweek on Why He Lost to Gavin Newsom and What He May Do Next – Newsweek
Posted: September 17, 2021 at 9:12 pm
It was a landslide victory for Governor Gavin Newsom on Tuesday when a large majority of Californians voted against his recall. Had that not been the case, conservative talk-show host Larry Elder would have been elected the first Black governor in the state's history, as he easily beat the more than three dozen others on the ballot seeking to replace Newsom.
In a 32-minute post-election interview, Newsweek got Elder's thoughts on what went wrong, what went right and what comes next, and the media-savvy former candidate didn't pull any punches.
Newsweek: Are you still a Libertarian or are you now a Republican?
Larry Elder: I was always both. I was always a small "L" libertarian and registered Republican, just like Milton Friedman.
Newsweek: Has the Republican party made you an offer to head the RNC in California or nationally?
Elder: Has anybody called me and said, 'Hey, do you want a job?' No. But have I gotten support from Republicans up and down the state and nationally? Yes. I haven't gotten an offer to head the RNC, nor would I expect one.
Newsweek: So you'll be getting your own TV show?
Elder: I have no idea. I was not running to get a TV show. I've been on television many, many times. By the way, I started out in television, even though people call me a radio host. When offers come, I'll consider them. But right now, I'm just chilling, figuring out what to do with my new-found footprint that I didn't have before.
Newsweek: But you said you're not going back to your radio show.
Elder: I didn't say that.
Newsweek: At your election party you referred to yourself as a 'former radio host.'
Elder: That was tongue in cheek. My goodness. I wasn't hosting radio during my campaign, but I didn't mean I'd never go back to radio. Really, Paul, look into my baby brown libertarian eyeballs I honestly don't know what I'll do next.
Newsweek: Why did you lose to Gavin Newsom?
Elder: Because he outspent me five to one and we're outnumbered two-to-one Democrat compared to Republican. Even independents outnumber Republicans in California, and Newsom was successfully able to scare people into thinking I'd do everything but reenact slavery. The only actual issue he discussed was that I am anti-vax, which I'm not. I would have had a very different approach to coronavirus, and that's accurate. He never defended his record on crime, homelessness, how he shut down the economy or how he shut down schools while his kids were enjoying in-person private education and he was yucking it up at the French Laundry while incurring a $12,000 wine tab. I don't know what he was drinking, but it sure wasn't Mad Dog 2020. He didn't mention wildfires and how he mismanaged forests, or a water shortage, or rolling brownouts, or how people are leaving California for the first time. All he did was say "Republican takeover" over and over and show Larry Elder and Donald Trump side-by-side, and it worked, because 83 percent of Democrats believe Trump is a racist, and 61 percent believe all Republicans are racist slash sexist slash bigoted.
Newsweek: The ad with you and Trump was funded by Netflix founder Reed Hastings, and it claimed it was a matter of life and death that you be defeated. Did that surprise you?
Elder: Nothing surprised me. I've been critical of the media for a long time. When I decided to run, I knew that the wrath of God was going to come down on me. The flat-out lies didn't surprise me, like "Larry Elder is anti-vax." I'm vaccinated and I encourage people to get vaccinated, but I also encourage freedom.
Newsweek: I spoke to celebrities who supported you and they told me that the ad from Hastings sent a chill through conservative Hollywood, as if to say, 'if you want a relationship with Netflix, you'd better not support Elder.' Does that make sense to you?
Elder: Of course it does. Two high-profile Hollywood people who support me, Clint Eastwood and Jon Voight, said that I could say they support me but that they wouldn't put out a statement. Voight later allowed me to post a picture of me and him. And I'm not mad about them not giving a statement, I'm just telling you that this is how it rolls in this state and in this open-minded, tolerant industry.
Newsweek: So you're saying the media didn't cover you fairly?
Elder: I put a tweet out, Paul, saying that only in America could a Black man become president and be called the Black face of white supremacy. And not one reporter has said to me, 'well, Larry, you got smoked on the recall, but, my God, you smoked all these Republicans. You got 47 percent and the next Republican got nine or 10, and you were only campaigning for seven weeks!' Paul, it is stunning what I have done. I am actually stunned by the margin of my victory.
Newsweek: So then you have further political aspirations, perhaps nationally?
Elder: Stay tuned.
Newsweek: What's the biggest problem in California and how should Newsom solve it?
Elder: Crime, the fact that people are leaving because they can't afford a house, and homelessness. I have no idea what he'll do about those because if he did, he would have mentioned it in his commercials. He didn't. He's clueless. He lives in a $5 million house in a gated community. He got attacked during his campaign by a mentally ill homeless person and his security crew took care of it. The things that working-class people have to deal with don't affect him at all. I believe it will take California hitting rock bottom, like an alcoholic, before we turn this around, because all he had to say was 'Trump' and 'Republican takeover,' and people got scared and pulled the lever for him. They hate Republicans more than the rise in crime, rise in cost of living, rise of homelessness, rolling brownouts and wildfires. It's a remarkable achievement by the left and they did it with the complicity of the media.
Newsweek: Was it a fair election with no irregularities?
Elder: We know that a bunch of people in Republican districts tried to vote and were told they already voted. It was investigated, and they eventually were able to vote, but if that's not an irregularity, I don't know what is. When all is said and done, with the margin of victory, whatever shenanigans there may or may not have been won't matter, but we all should have an interest in making sure the election was handled with integrity. I'll tell you one thing more, Paul; I was asked repeatedly by reporters if I thought Joe Biden won the 2020 election fair and square. I told several reporters, and none of them did anything with it, that just once I'd like them to ask Newsom if Trump won the 2016 election fair and square, because for four years Hilary Clinton said the election was stolen from her and that Trump was illegitimate, and the result is that 66 percent of Democrats, according to a YouGov poll, believe that Russians changed vote tallies. Never mind a 1,000-page report that said the Russians did not change a single vote tally ... a greater percentage of Democrats believe the 2016 election was stolen than Republicans believe the 2020 election was stolen. Even if Newsom said he believed Trump won in 2016, the next question should be whether Hillary Clinton should have her social media platform shut down for pushing the big lie the way Trump has had his shut down. Nobody ever asked him. Nobody. One reporter said, 'well, that's what-aboutism.' I said, 'no, it's called consistency and being fair.'
Newsweek: Do you regret your decision to run?
Elder: Not for one moment. Nor am I surprised about anything. I complained about being called 'the Black face of white supremacy and 'the Black David Duke,' but I certainly anticipated it, because I have zero respect for the media. They are the public relations bureau for the Democrats. They long stopped even trying to be objective. I just hope that now people are seeing what I've been seeing for decades. I know that even people at the L.A. Times were embarrassed about a columnist calling me 'the Black face of white supremacy,' because they told me they were. But not only was she not fired, she was on PBS, so our taxpayer dollars were hosting a woman who said that about me. Scottie, beam me the hell up.
Newsweek: So at your election night party, your handlers told you not to talk to me. Did you like having handlers?
Elder: Every candidate has handlers. It didn't bother me. But ultimately the candidate decides what to do. I got advice I didn't follow, and was happy I didn't. I also got advice I didn't follow and later regretted it. Most candidates have been at it for years and have relationships, but I had to do it on the fly with people I didn't know. I went through a few campaign managers before finding the right one.
Newsweek: What's an example of you not taking advice, or taking it and regretting you did?
Elder: I did an interview with the L.A. Times where I jumped all over them for calling me 'the Black face of white supremacy,' and my communications manager was not happy with how combative I was. But she soon learned that that's why people like me, because I'm authentic and I fight back, so she began to tailor her advice to my personality. Another time, the Today Show asked me if I'd appoint a Republican to replace Sen. Dianne Feinstein. I knew it was a question designed to upset Democrats, so I didn't answer it directly. Afterwards, one of my handlers told me I should have just said, 'yes,' and I should have. I regret fumbling around and not being myself.
Newsweek: You did sound a little more stifled on the campaign trail than on radio, no?
Elder: Oh come on. It's a different thing. On the radio I'm taking calls and giving my opinion on events of that day; on the campaign trail I was discussing issues.
Newsweek: At your party, there was a guy dancing around with a giant cutout of your head. Is that sort of adulation giving you a big head?
Elder: No, but there definitely was adulation. There's no question. I was treated like a rock star; like a Beatle. Experienced people told me they've never seen anything like it. I thought I'd have a connection, but, my goodness, middle-age men, forget about women, came up to me crying because they were thinking of leaving California until I entered the race. I did not expect that.
Newsweek: Well, you've painted a grim picture of California. Are people right to be moving out?
Elder: Do you think things are going to get better? I don't see any evidence of that. Just recently at a restaurant on Melrose that I've eaten at, people in masks held up diners at gunpoint and took their purses and watches, and Newsom has released 20,000 convicted felons early, even though studies say the majority of them are likely to re-offend. We have a law that allows people to steal up to $950, not just a day, but at multiple stores in a day, without any fear of going to prison because they're not a felon, and we have district attorneys who are soft on crime and support cashless bail, and there's no consequences if they simply don't show up to court. You tell me if people should leave. It's bleak in California. I wasn't kidding when I said it's got great resources where else can you go surfing in the ocean and skiing in the mountains in one day? but it's being ruined by horrible leadership.
Newsweek: The accusation I have heard that hurt you most were reports saying you wanted former slaveholders to get reparations. Is that the case?
Elder: Oh good grief. No one on the campaign trail ever asked me about that, just members of the media. I was being interviewed by Candace Owens, and I said that reparations is the extraction of money from people who were never slaveholders to people who were never slaves. If you really want to play this game, the Dred Scott decision called slaves property. It was vulgar, but that's what the Supreme Court said. But people always leave this part out; the slave trade could have never existed without African chieftains selling people to Arab and European slavers. Should we get reparations from them? It was a long conversation that was boiled down to, 'Elder believes white slave owners should get reparations.' It's totally unfair.
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Larry Elder Speaks to Newsweek on Why He Lost to Gavin Newsom and What He May Do Next - Newsweek
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Trio of election experts offers Arizona Senate another chance to check Cyber Ninjas audit work – The Arizona Republic
Posted: at 9:12 pm
Call them the anti-ninjas.
Since June,three men with years of election experience have tried to get the attention of the Arizona Senate bysaying they have a way to check the work done by the Cyber Ninjas, the contractor hired to lead the review of Maricopa County's 2020 election results.
But they can't do it without help from the Senate. They would need some of the detailed data produced by the Ninjas as part of the audit andso far, Republican leaders have rebuffed the group's overtures.
On Thursday, the trio, who call themselves "the Audit Guys," renewed their challenge.
Using a method they had developed by obtaining the county's "cast vote" record through a public records request, they released the number of ballots contained in each of 24 boxes of returns without touching a single ballot.
They matched it up against the tally of those 24 boxesdone by high-speed paper-counting machines the Senate had commissioned.Senate audit liaison Ken Bennett shared those results with them in July. It was almost a perfect match:99.9%.
Then, they posted the number of votes on the ballots in those boxes won by Libertarian presidential candidate Jo Jorgenson last fall, again using the records they had compiled from the cast-vote file. In a post on their website, real-audits.org, the trio challenged the Senate to provide the Ninjas' findingsto see how the counts compare.
The goal, said Larry Moore, one of the three Audit Guys, is to get the Senate to release the Ninjas' count of the votes for not just Jorgenson, but also Joe Biden and Donald Trump. Moore is betting the numbers won't be anywhere near close.
They can use that to test out their methodologies," Moore said of the data the three menposted on Jorgenson's votes (a total of 342 votes from the 24 boxes of ballots for which they had data). "Were withholding the Biden and Trump votes because we want them (the Ninjas)to show their totals first.
Hours after the Audit Guys issued their latest challenge, the Senate announced it will release the audit report Sept. 24. Moore said he is skeptical the report will have the detail he needs to check the Ninjas'work.
Instead, he said he and his colleagues are relying on a public-records request they filed last month to obtain that data. Those details include the numbers Maricopa County used to identify each of the 1,691 boxes of ballots that were handed over to the Ninjas under a court subpoena, as well as the totals of ballot counts and vote counts that were recorded for each box.
Moore is the retired founder of the Clear Ballot Group, which created a method to independently audit voting systems. Theother "audit guys" are Benny White, a Tucson Republican who has done elections and voter-registration analysis for the Republican Party and TimHalvorsen, Clear Ballot's retired chief technology officer.
Senate President Karen Fann, R-Prescott, said Thursday that the Senate has received various offers to check the ballot count, but wouldn't consider opening up any of the Ninja's data until their report is finished.
Reach the reporter atmaryjo.pitzl@arizonarepublic.comand follow her on Twitter@maryjpitzl.
Support local journalism. Subscribe to azcentral.com today.
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Trio of election experts offers Arizona Senate another chance to check Cyber Ninjas audit work - The Arizona Republic
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Get Back in the Game at Intertops Poker – Business Wire
Posted: at 9:11 pm
ST JOHNS, Antigua--(BUSINESS WIRE)--Intertops Poker counts its players among the best in the world, but from time to time we all need to polish our skills so that we can compete with others. If this is you, we have the perfect promotion to get your head back in the game.
The Intertops Poker Build Up Series includes exclusive tournaments and freerolls with plenty of cash and other prizes up for grabs. The idea is to sharpen your poker playing ability while competing against others for prizes. Whats not to like?
Here is a full breakdown of the series, which gets underway from 17 September.
DEPOSIT PLAYER SPECIAL$1,000 GTD - exclusive freerollTexas Hold'emSeptember 17, 8:05pm ET
FREE SPIN FRENZY$500 worth of free spinsTexas Holdem, freerollSeptember 18, 8:05pm ET
MERCHANDIZER FREEROLLWin exclusive poker gearTexas Holdem, freerollSeptember 19, 8:05pm ET
OMAHA SPECIAL$500 GTDOmaha PL, freerollSeptember 20, 8:05pm ET
$1,500 GTD R&ATexas HoldemBuy-in: $6.60September 21, 8:05pm ET
$1,500 GTD RE-ENTRYTexas HoldemBuy-in: $9.90September 22, 8:05pm ET
$500 GTD PROGRESSIVE BOUNTYTexas HoldemBuy-in: $5.50September 23, 8:05pm ET
Now that you are once again playing at your best, why not enter one of our many Bounty Tournaments taking place throughout September. We run two types Standard Bounty Tournaments and Progressive Bounty Tournaments.
Bounty Tournaments players get rewarded for eliminating other players and claiming their bounty. Your buy-in is usually split 50/50, with half going into the prize pot and the other half becomes a bounty on each players head.
If you reach the money positions then you will be paid additional cash prizes from the prize pool depending on where you finish. If you win the tournament, you claim the 1st place prize as well as the bounties of all of the players eliminated.
Progressive Bounty Tournaments these work in the same way as Standard Bounty Tournaments but with a twist. Your bounty is split further with a percentage paid immediately when you eliminate another player and the remaining amount added to your head making you a bigger target.
As the tournament progresses, the bounty on your opponents heads will continue to rise. Knock them out, claim half their bounty with the other half going on your head!
If you want to mix and match poker play with online casino, Intertops Poker has a great offer. Deposit for Free Spins gives players the chance to unlock 270 Free Games from today until Monday (20 September).
ENDS
Editors notes:About Intertops Poker:Intertops Poker is one of the most established online poker operators, and has been live for more than two decades. Its poker games and tables can be accessed via Instant Play, or by downloading its desktop client. The site has recently undergone a major redesign, and is fully optimised for mobile.
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Sunderlands 2021 round of contract poker has come to an end – did the club play its hand right? – Roker Report
Posted: at 9:11 pm
With the end of the Denver Hume contract saga comes the end of a process that started way back at the turn of the year. It was a process that just wasnt limited to his own future at the club, but was just a small part of an evaluation of the whole first-team squad by our new owners and management.
The decision was taken early on in the reign of our new regime to not offer contracts to any of the first-team squad whose contracts were due to expire until the season had ended. At the time I thought this was a mistake, and there was a very real risk of not retaining all the players that we wanted to keep.
After all, Jack Diamond signed a new deal early in the year so why not offer deals to the senior players that we wished to retain, rather than see them walk away for nothing.
As it turned out, at the seasons end the higher management deemed that only four players were worthy of keeping as they looked to refresh the squad from top to bottom, and I for one had no argument about the choice of players they decided to release and those that they choose to offer deals to.
However, there were still questions over the chances that the chosen four would sign. Aiden McGeady and Luke O Nien were pretty much nailed on to put pen to paper from sources in the club.
Charlie Wyke was a different story, with reports that he had told the club back in March that he would only stay in the summer if Sunderland were promoted to the Championship.
At the time, irrespective of what he had done in previous seasons, he was one of the leading scorers in League One and it seemed to be a decision born of ambition on his part to play at a higher level. But as he ended up signing for Wigan when his contract did expire, it leaves questions if there was something else? And surely not money.
Who knows? We are not privy to the negotiations, and can only guess.
That left Denver Hume. Having read some of the comments aimed his way on social media over the prolonged delay in signing his contract, I have to say I have no problem with his approach. I am a Denver fan, so maybe there is a bias on my part, and from an attacking point of view he looked one of the most dangerous threats for a lot of the games under Phil Parkinson.
I can think of many big-name Sunderland players over the years who have held out on signing a new deal, or simply not signed at all and moved to other clubs. Being injured, actually probably bought him some time to not sign and see if the club would come back with a new and higher offer.
Some people may criticise him for doing something which was within his right, but all I know is that I wouldn't like to go five rounds of poker with him, as I would likely finish minus one house and the shirt on my back. As it turned out, the club put on its best straight face and chewed a long cigar when they signed Dennis Cirkin and Nial Huggins who can also play left-back, leaving young Denver without any Aces up his sleeve.
So, three out of the four chosen to be retained signed. We do not know how close it came to being only two.
Ever since the club announced early in the year that contracts would only be negotiated at the end of last season, I felt it was a mistake. But now, I can possibly see reason as to why they did it.
Simply back in February and March, as the management had decided that they were only likely to keep four players and release nine, they also had to ask what the demotivating effect it would have on the players that were to be released. Sunderland were still in a hard push for promotion and many of the players that were likely to be released were still playing for the first team every week.
How would they feel about putting in their all on the pitch, when they could see contracts offered to four of their teammates but nothing on the table for them?
I am after all guessing, that this was the rationale back at the turn of the year, for a new regime that hadnt had time to assess what they had inherited.
It cant be repeated next summer for the likes of Dan Neil and Elliot Embleton. We cannot take the risk of waiting until the end of the season to offer new contracts when their present deals expire. Both have been instrumental in Sunderlands flying start to the season, and Neil in particular could be argued has been our best player so far. There is no need for the higher management to take time to assess the players they have on their books.
They already know this time.
Now that the recruitment process is over, the priority should be to secure the future of the players who are a key in our present success and begin contract negotiations now.
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Poker Power Tweaks Its Branding to Suit All Pronouns – CardsChat.com
Posted: at 9:11 pm
September 14, 2021Business & Industry
Poker Power, one of the leading advocates for women in poker, has tweaked its name in an effort to become an inclusive organization thats open to everyone.
Eagle-eyed observers may have noticed that the organization recently dropped the H from its name. CardsChat spotted the change last week and reached out to Poker Power to ask why.
General Manager Erin Lydon told us that the change from Poker Powher to Poker Power was the result of feedback from the community.
Since the organization was founded in 2019, the aim has been to teach business, workplace, and life skills through poker. Dropping the H is a sign of Poker Powers desire to teach its skills to all women, including those who identify themselves using alternative pronouns.
With our communitys support, we dropped the H in our original name to signal we are inclusive and do not want to unintentionally exclude any students who identify via other pronouns instead of her, Lydon told CardsChat.
The change will also allow Poker Power to get its message out to as many people as possible in a more effective way. Our new name also removes any hurdles some may have had with misspellings or mispronunciations, Lydon continued.
Despite changing the name, Lydons mission remains the same: to teach women how to play poker in a safe, inclusive way.
One of the organizations recent innovations was a partnership with Northwestern Universitys Kellogg School of Management. CardsChat spoke to Gail Berger, a clinical associate professor at Northwestern, about the joint venture.
The six-week, extracurricular course saw 99 women learn more about business through a combination of poker theory and practice. The free-play poker sessions provided a tangible foundation for important business concepts. Whats more, the sessions stood as poker lessons in their own right.
The course was so popular that Kellogg is offering it again in January 2022, but this time, as part of its Executive MBA program. This collaboration exemplifies Poker Powers goal of empowering women, regardless of its name.
With H in our name or not, we remain committed to empowering those in our community through learning and practicing the game of poker as we know its truly a game-changer, Lydon said.
With its newly streamlined name, Poker Power will be embarking on more collaborations and initiatives in the coming months. In addition to pivoting to a virtual curriculum model during the pandemic, the organization partnered with more than 50 corporate and academic entities.
Lydon expects the number of women helped by Poker Power to exceed 10,000 by the end of 2021. If that target is achieved, the organization will have made its mark in almost every US state, and in 20 countries around the world.
Poker Power will also be at this years WSOP in Las Vegas. Theyll have a booth at the Rio and representatives will be on hand to meet with players and explain what they do. Members of Team Poker Power, including Xuan Liu, Maria Konnikova, and Jennifer Shahade, will all be playing at the 2021 WSOP.
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Daniel Smyth
Dan Smyth is a poker media journeyman who politely reminds CardsChat readers that poker is played all around the world, not just America.
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Yale researchers using psychedelics to find new treatments for depression – WTNH.com
Posted: at 9:10 pm
NEW HAVEN, Conn. (WTNH) Psychedelic drugs are making a comeback but this time its in laboratories. Researchers at Yale are harnessing their powers to try and treat conditions like depression and mental illness.
The active ingredient in so-called magic mushrooms is called psilocybin. Researchers use psilocybin in a synthesized form on mice (they dont use actual mushrooms).
Theyre trying to connect neurons in the brain to help treat depression.
We find that with a single dose of psilocybin a mouse actually has more neuro nerve connections so this increase was quite immediate, says Alex Kwan, PhD, Yale School of Medicine Researcher and Associate Professor of Psychiatry and of Neuroscience.
Kwan says the effects were long-lasting.
So it seems like the drug itself can actually alter the architecturewithin the mouse brain at least.
Kwan first was involved in the research of ketamine, which now has FDA approval to treat depression with a nasal spray.
And while the compound from psychedelic mushrooms may work on the mouse brain, he points outThey are not tiny humans. This is not approved for human use yet.
The discoveries could open even more doors.
One of the fascinating things about psychedelic is that there are ways to modify it so you can have literally hundreds of thousands of analogs that are slightly different chemically that might also have distinctive behavioral effects in humans.
Kwan points out the large toll mental illness takes on society and says that some people do not respond to SSRIs drugs like Prozac. This could be the answer. Possibly.
The early hints are promising but I think more work needs to be done.
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5 things to know about the Ann Arbor psychedelic shroom fest – MLive.com
Posted: at 9:10 pm
ANN ARBOR, MI Organizers of Ann Arbors first-ever psychedelic shroom fest are expecting this weekends event to draw a big crowd of people from all around the country.
If youre planning to attend or just curious to know more about it, heres what you need to know.
1. When and where is it?
The festival is expected to take place on the University of Michigan Diag off State Street from 11:11 a.m. to 2:22 p.m. Sunday, Sept. 19. Public parking is free and plentiful in downtown Ann Arbor on Sundays, so parking should be no issue for attendees.
2. What does the event entail?
Officially called Entheofest, its a celebration of entheogenic plants and fungi, featuring musical entertainment and speeches by psychedelic activists and elected officials who support decriminalization of natural substances such as ayahuasca, ibogaine, mescaline, peyote, psilocybin mushrooms and other natural compounds with hallucinogenic properties deemed illegal under state and federal law.
3. Who is behind it?
Its being organized by Decriminalize Nature Michigan and the Student Association for Psychedelic Studies, who are supporting decriminalization efforts across the state following last years successful campaign in Ann Arbor.
4. Why is it happening?
Sundays event is intended to celebrate the one-year anniversary of Ann Arbors move to declare entheogenic plants and fungi the citys lowest law-enforcement priority, effectively decriminalizing them at the city level.
City Council recently approved a resolution recognizing Entheofest and declaring September to be Entheogenic Plant and Fungi Awareness Month, in hopes of increasing understanding of the potential benefits of psilocybin mushrooms and other psychedelics for mental health, personal and spiritual growth, as well as honoring the longstanding ancestral practices and relationships with these entheogens.
5. Is it officially allowed?
The University of Michigan has OKd the student organizing groups request to reserve the Diag off State Street for the event, though campus police, who enforce state and federal laws, are expected to be on hand to ensure public safety.
Organizers are asking attendees to use the event as an opportunity to celebrate and learn about the sacred medicines and decriminalization efforts and not as a space for consumption of psychedelic plants and fungi.
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5 things to know about the Ann Arbor psychedelic shroom fest - MLive.com
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Want Quick Exposure To The Psychedelics Sector? Check Out This New Active ETF – Benzinga – Benzinga
Posted: at 9:10 pm
Retail investors are getting new tools for gaining exposure to the booming medicinal psychedelics industry.
On Thursday, AdvisorShares launched the countrys first actively managed ETF covering the psychedelics sector.
The AdvisorShares Psychedelics ETF (NYSE:PSIL),launched on the NYSE Arcamarket,
providing exposure to biotechnology, pharmaceutical and life sciences companies that the firm deems are leading the way in this nascent industry.
So far, this is the third ETF covering the psychedelics sector in North America. The Horizons Psychedelic Stock Index ETF (NEO: PSYK) was first to launch in January of this year, followed by Defiances Next Gen Altered Experience ETF (NYSE:PSY), which broke ground as the first passive U.S.-listed ETF in the sector.
Active management means that the portfolio manager can adjust the portfolio more quickly and opportunistically than a passive index-based ETF, though more responsibility is placed on the funds management.
Ongoing and growing research has shown various psychedelic substances offering promising medical and therapeutic potential for treating mental health issues and neurological disorders. PSIL concentrates its portfolio on companies deriving the majority of their net revenue or devoting the majority of their assets to psychedelic drugs,AdvisorShares explained.
Dan Ahrens, CEOof AdvisorShares and portfolio manager of PSIL, said he believes that byinvesting in select companies in the psychedelics space, his firm can provide a compelling long-term investment opportunity. Still, the CEOsaid this is also an area of the marketplace in its early innings.
We feel that our active-management and specialized approach can potentially help investors capture the early growth potential of psychedelics and its prominent promise on therapeutics and medical fields, Ahrens added.
Benzinga Photo.
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Want Quick Exposure To The Psychedelics Sector? Check Out This New Active ETF - Benzinga - Benzinga
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A Look At Psychedelics Stock PharmaTher And Its Recent Bull Run – Benzinga – Benzinga
Posted: at 9:10 pm
This article was originally published on Microdose and appears here with permission.
The psychedelic medicine industry has been growing at an impressive rate. Big players like Atai (NASDAQ:ATAI) have joined the ranks, adding billions of dollars of investor interest; and smaller upstarts likeFilament HealthandLevitee Labshave made their public debuts, adding a diversity of approaches to the space.
All this expansion makes it easy for some companies to get lost in the shuffle. One such firm going somewhat under the radar is Pharmather Holdings Ltd (OTC:PHRRF).
But perhaps we should be paying closer attention. As the industry focused on big-name news, PharmaThers stock price has been on a low-key moon run these last few months. Between end-April and end-July the companys stock price soared approx 375% (from $0.24 to a high of $1.14), before settling down in the $0.90-$1.00 range.
Why the sudden jump? What has the market seen in PharmaTher that we should perhaps know about?
Lets use the companys recent end-of-year financial highlights to help take a closer look.
This week PharmaTher released business and financial results for its fiscal year ended May 31, 2021. Lets have a look at some of the highlights (all figures in Canadian dollars and information taken from thecompanys press release)
This seems to bethe newsthat got the stock rolling. Announced in mid-May, this approval to begin Phase 2 clinical trials moved PharmaTher into an elite group of companies in advanced clinical trials. The positive price movement started around this time.
Theannouncement of this saleseemed to signal that PharmaTher was going to focus on its strengths, which at the moment are its ketamine treatments and delivery technologies. The move gave them a good chunk of cash and was a bold move considering how popular psilocybin development is. So far it seems to have paid off.
All of the above are further proof of the company focusing its efforts on advancing its current stable of promising products. While a diverse pipeline is important, so is showing results and getting a product to market.
Here are some other announcements that came after the firms year-end:
It seems the company has a good working relationship with the FDA and is taking advantage of the agencys positive view of ketamine. Another Phase 2 trial for something as big as depression would be major news.
From Fabio Chianelli, Chief Executive Officer of PharmaTher: Receiving FDA orphan drug designation is a massive validation for ketamine as a potential treatment for ALS, and it allows us to confidently proceed in evaluating ketamine in phase 2 clinical study in patients suffering from this life-threatening disease. This designation not only expedites our regulatory, clinical, and product development plans but also validates our belief in the potential of ketamine as a therapeutic solution for neurological disorders.
Cash on hand gives them about another year of capital (if spending stays relatively the same). This is a bit light and you can probably expect another capital raise soonsomething the recent jump in stock price will help with.
Overall it seems PharmaTher is making solid progress, focusing on its best products, and building itself into one of the leaders in ketamine development. And for now, the markets seem to agree.
Perhaps its time to keep a closer eye on this company. Stay tuned to Microdose for more.
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Differentiated Approach in Psychedelics Boosts Confidence in Upcoming Clinical Trials for Tryp Therapeutics Inc. (CSE: TRYP) (OTCQB: TRYPF) -…
Posted: at 9:10 pm
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Two years after the U.S. Food and Drug Administration (FDA) declared the hallucinogenic substance psilocybin a breakthrough therapy to speed the process of the drugs scientific clinical trials and reviews (https://ibn.fm/umfbQ), Michigan continues to cement its reputation as a hotbed for medicinal psychedelics advocacy and research, and proponents there believe society has reached a watershed moment for the substances acceptance.
Law enforcement officials in the states Ann Arbor region have effectively decriminalized natural compounds with hallucinogenic properties deemed illegal under state and federal law (although not synthetic compounds such as LSD), and last month Ann Arbors City Council voted 10-0 to&
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NOTE TO INVESTORS:The latest news and updates relating to TRYPF are available in the companys newsroom at https://ibn.fm/TRYPF
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