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Sam Bankman-Fried sentenced to 25 years − how he went from $30B crypto CEO to prison inmate
D. Brian Blank, Associate Professor of Finance, Mississippi State University Brandy Hadley, Associate Professor of Finance and the David A. Thompson Distinguished Scholar of Applied Investments, Appalachian State University The case of Sam Bankman-Fried, who was sentenced on March 28, 2024, to 25 years in prison, is emblematic of the fast-paced world of cryptocurrency, in which vast sums of money can be made or lost in the blink of an eye. In early November 2022, the crypto exchange FTX was valued at more than US$30 billion. By the middle of that month, FTX was in bankruptcy proceedings. And less than a year
Faith News from Around the World
Ramadan finds greater recognition in America’s public schools
Amaarah DeCuir, Senior Professorial Lecturer in Education, American University Ramadan – the Islamic month of fasting – is expected to begin at sunset on March 10, 2024. The likely first day of fasting will be Monday, March 11. Amaarah DeCuir, who researches Muslim student experiences, offers insights into how public schools can move toward greater recognition of the sacred Islamic month. How many Muslim students are enrolled in public schools in the US? There are 3.85 million Muslims in the United States. Of that number, 1.35 million are children. Although this may only represent a small portion of public school students nationwide – and many Muslim
Solar eclipses result from a fantastic celestial coincidence of scale and distance
Christopher Palma, Associate Dean for Undergraduate Students and Teaching Professor of Astronomy & Astrophysics, Penn State On April 8, 2024, millions across the U.S. will have the once-in-a-lifetime chance to view a total solar eclipse. Cities including Austin, Texas; Buffalo, New York; and Cleveland, Ohio, will have a direct view of this rare cosmic event that lasts for just a few hours. While you can see many astronomical events, such as comets and meteor showers, from anywhere on Earth, eclipses are different. You need to travel to what’s called the path of totality to experience the full eclipse. Only certain places get an eclipse’s full show, and
Sultan’s Legacy: Elia’s Unique Bay Area Dining Experience comes Front and Center
Part Two: Fatih Takes Over SF Times: Your transition from Sultan’s Kebabs to starting Elia must have come with its own set of challenges. How did you decide to make that leap? Fatih: Taking over Sultan’s was pivotal, not just for the restaurant but personally. After my father’s passing, I was deeply moved by the outpouring of support from our community and the legacy my father had built. It was both daunting and inspiring. I knew I had to carry on his legacy, but I also felt a strong urge to build something new, something that would complement Sultan’s Kebabs
For-profit nursing homes are cutting corners on safety and draining resources with financial shenanigans − especially at midsize chains that dodge public scrutiny
Sean Campbell, Investigative journalist, The Conversation; Charlene Harrington, Professor Emeritus of Social Behavioral Sciences, University of California, San Francisco The care at Landmark of Louisville Rehabilitation and Nursing was abysmal when state inspectors filed their survey report of the Kentucky facility on July 3, 2021. Residents wandered the halls in a facility that can house up to 250 people, yelling at each other and stealing blankets. One resident beat a roommate with a stick, causing bruising and skin tears. Another was found in bed with a broken finger and a bloody forehead gash. That person was allowed to roam and enter the beds of
Why do airlines charge so much for checked bags? This obscure rule helps explain why
Jay L. Zagorsky, Associate Professor of Markets, Public Policy and Law, Boston University Five out of the six biggest U.S. airlines have raised their checked bag fees since January 2024. Take American Airlines. In 2023, it cost US$30 to check a standard bag in with the airline; today, as of March 2024, it costs $40 at a U.S. airport – a whopping 33% increase. As a business school professor who studies travel, I’m often asked why airlines alienate their customers with baggage fees instead of bundling all charges together. There are many reasons, but an important, often overlooked cause is buried in the U.S. tax code. A tax-law loophole Airlines
How meth became an epidemic in America, and what’s happening now that it’s faded from the headlines
William Garriott, Professor of Law, Politics, and Society, Drake University Rural America has long suffered from an epidemic of methamphetamine use, which accounts for thousands of drug overdoses and deaths every year. William Garriott, an anthropologist at Drake University, explored meth’s impact on communities and everyday life in the U.S. in his 2011 book “Policing Methamphetamine: Narcopolitics in Rural America.” Since then, the problem has only gotten worse. The rural news site the Daily Yonder spoke with Garriott about what has been driving the surge in meth use in recent decades and what prompted him to focus on meth in his work. The Conversation has collaborated