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THERANOS The downfall of Elizabeth Holmes: Is the young billionaire going to jail? 60 Minutes Australia: Original article: https://www.youtube.com/watch?v=4pTzZbaObSU Peter Burgess COMMENTARY [Note: I am not sure why I wrote this here ... there was something that triggered these memories, but I don't think it was the Theranos story or 60 Minutes Australia. I will move the text if or when I remember!] I was a teenager in the 1950s and I lived in the UK. My parents lived in Okehampton, a small rural town of around 4,000 inhabitants In the middle of Devon. I was incredibly fortunate. Both my parents were well educated and 'modern' for their time. I often say that I am conservative because that is what my mother embraced during my upbringing. To her, I was expected to do what are 'right' and reject what was 'wrong'. Quite simple ...and practical. My dad was a schoolmaster. For the first half his career he taught at 'good' schools and then in the second half of his career he was the headmaster of a 'bad' school ... that is a 'Secondary I only experienced this for a relatively short time during my childhood, I 'passed' the 11+ exam and did not go to my father's school but to the local Grammer School in town. The two aschools played sports against each other ... rugby and cricket. The rugby matches in particular were a challenge, with a certain enthusiasm by the players from my father's school to tackle me whenever I got the ball. At the time I played scrum-half, and in this position I got the ball a lot. The year I was 12 years old, I was kicked in the face and my teeth punched a whole through my lower lip. It was a 'bloody mess' and I needed 'stitches' but it was Saturday and the local hospital / clinic was closed so it was not until Monday that I could get the attention and by then the injury had resolved itself. There was no visible scar, but the inside of my mouth still has a small lump than I can still feel about 70 years later! The 'Captain' of the rugby team and the cricket team at my father's school when I was playing against them was a boy who was not very good at 'book learning' but was a natural leader. He went on to a very successful career in industry where he became a foreman at quite a young age. I also remember how my father did everything he could to make the curriculum suit the pupils and the community in which we lived. Essentially, our community was a rural agricultural community where understanding biology was going to be useful ... but the teaching of biology was done via 'gardening' and 'pet husbandry' in a practical way rather than simply by reading books on biology. My father became the head in the September of 1945 soon after the end of WWII. One of the first things he did was to impose a 'dress code' on the pupils so that they would all be wearing the same 'uniform'. There was an uproar from all the parents because of the money cost and also the need to use 'coupons' from the ration books to buy the clothes. At this time ratioining was in play for almost everything and clothes were no exception. My father did not back down in the face of the parential uproar, and it settled down eventually because it eventually saved evryone money and aggravation ... but probably more than anything else, it also put all the students at the same level when it came to clothing. Peter Burgess | ||
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The downfall of Elizabeth Holmes: Is the young billionaire going to jail? | 60 Minutes Australia
60 Minutes Australia Jul 17, 2022 5.26M subscribers ... 1,470,600 views ... 22K likes #60MinutesAustralia
The promise was a health care revolution. The reality was a bloody lie. When Elizabeth Holmes claimed she'd invented a device that with a pinprick of blood could diagnose hundreds of medical conditions, she became the darling of Silicon Valley. Holmes, along with her business partner and ex-lover Sunny Balwani, then set about duping investors to bankroll their multi-billion dollar company, Theranos. But what the couple didn't count on was the courage of two of their own staff who knew the blood machine didn't work, and knew they had to tell the world. Now Holmes and Balwani have been found guilty of fraud and could face decades in jail.
#60MinutesAustralia 
| The text being discussed is available at | https://www.youtube.com/watch?v=4pTzZbaObSU and |
