Daily Archives: July 14, 2017

Probe into Staten Island woman’s OD death leads to bust of narcotics traffickers, say officials

Staten Island Advance - Spurred by a probe into a 24-year-old woman's overdose death in West Brighton nine months ago, authorities have dismantled an alleged narcotics-trafficking ring which peddled heroin, fentanyl and cocaine on Staten Island, around the city and in Newark, N.J., authorities said Wednesday.

Three borough residents were among the seven suspects arrested, including Mack (Butter) Patterson, 33, who authorities believe supplied the deadly drugs, stamped with the brand name "Passion," to the victim.

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Goldman Sachs thinks the opioid crisis is so bad it’s affecting the economy

CNBC - The opioid crisis has major costs for the U.S. economy, including the labor market, David Mericle, senior U.S. economist at Goldman Sachs, said in a Wednesday note.

The report is one of the first from a major Wall Street bank focused on the growing epidemic killing more than 90 Americans every day.

"The opioid epidemic is intertwined with the story of declining prime-age participation, especially for men, and this reinforces our doubts about a rebound in the participation rate," Mericle said.

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