DIRS.INFO The most relevant business & tech news

☆ The 10 fastest-shrinking US cities and towns
▼ + stars: | 2023-08-05 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Jackson, Mississippi, led the nation in the rate of population decline from July 2021 to July 2022. Though the Midwest is experiencing a "doom loop" in many of its cities, in which remote work has slowed the economies of Midwestern cities, only one Midwestern city made the top ten cities and towns shrinking at the fastest rate between 2021 and 2022. In an analysis of nearly 20,000 cities, towns, villages, and boroughs across the US, the Census Bureau found that places in Utah and Louisiana saw especially sharp declines. Some residents left following the city's water crisis, sparked by poor infrastructure and climate change. Three Utah cities outside of the Salt Lake City area — Taylorsville, Orem, and Sandy — also had above 2% losses in population.

Persons: redlining, Marccus Hendricks, Louis, Hurricane Ida, Sandy —, Francisco, Santa Organizations: Service, Census Bureau, D.C, University of Maryland, PBS, Louis Post, Dispatch, Bay Area Locations: Jackson, Mississippi, Area, Utah, Louis, New Orleans, San Francisco, Wall, Silicon, Miami, Louisiana, San Francisco , New York City , Washington, Boston, Jackson , Mississippi, St, Three Utah, Salt Lake City, Orem, Union City, Livermore, San Leandro, California, Santa Cruz, Georgetown , Texas

☆ Some U.S. government agencies are testing out A.I. to help fulfill public records requests
▼ + stars: | 2023-08-01 | by ( Lewis Kamb | ) www.cnbc.com time to read: +8 min

Still, some open government and civil rights advocates are already raising concerns that the government's move toward using AI to help address FOIA problems may create new ones. So far, government agencies haven't widely disclosed to the public what kinds of AI tools are being used, and in what fashion, Marshall said. But experts widely agree the FOIA process must be modernized and fixed, as requests can sometimes take months, even years, to fulfill. An increasing number of requesters have turned to the courts for help in prying records loose in a timely manner. The state department is now testing two AI models to help process FOIA requests, Stein said.

Persons: —, Jason R, Adam Marshall, Marshall, they're, Michael Sarich, Eric F, Stein, that's, There's, Bradford Brown, Brown, Mitre, Baron, Clinton, Brett Max Kaufman Organizations: State Department, Justice Department, Centers for Disease Control, NBC News, University of Maryland, Freedom, Press, Justice Department's, Information, Department of Veterans Affairs, Justice, CDC, NBC, Mitre Corp, National Archives, Records Administration, Mitre Locations: —

The Fed last week raised its policy rate to the 5.25%-5.50% range, the 11th increase in the last 12 meetings. Core inflation is still pretty elevated," Powell said in a press conference after the end of the Fed's two-day policy meeting. We think we're going to need to hold policy at restrictive levels for some time. The Fed's policy rate influences the economy by changing what lenders charge consumers for credit card, auto, and home loans or what businesses pay on bonds or for credit lines. "Given that inflation is still sticky, they're going to end up with rates either too high or as high as they are for too long.

Persons: Antulio Bomfim, Bomfim, what's, Jerome Powell, Powell, Lindsay Owens, Thomas Simons, Howard Schneider, Dan Burns, Paul Simao Organizations: Trust Asset Management, Fed, Reuters Graphics Reuters, STAR, North Star, Open, Jefferies, Thomson Locations: U.S

July 28 (Reuters) - U.S. banks should incorporate the Federal Reserve's emergency lending facility known as the "discount window" as part of their contingency funding plans, federal banking regulators said in updated guidance on Friday. The discount window, a key Fed facility long associated with providing emergency loans to banks, is "an important tool" banks can use to manage liquidity risk, bank regulators including the Federal Reserve and Federal Deposit Insurance Corp said in an updated interagency policy statement. The bank runs earlier this year that forced regulators to shut down Silicon Valley Bank and Signature Bank in mid-March "underscored the importance of liquidity risk management and contingency funding planning," the agencies said. The updated guidance comes after Dallas Fed President Lorie Logan said in May that banks should be prepared to borrow regularly from the Fed's discount window, particularly after the March bank failures demonstrated the importance of effective liquidity risk management. The bank regulators also said that financial institutions should establish and maintain operational readiness to use the discount window, including conducting periodic small value transactions.

Persons: Lorie Logan, Hannah Lang, Dan Burns, Marguerita Choy Organizations: Federal Reserve, Federal Deposit Insurance Corp, Bank, Signature Bank, Dallas, Thomson Locations: Washington

July 28 (Reuters) - U.S. banks should incorporate the Federal Reserve's emergency lending facility known as the "discount window" as part of their contingency funding plans, federal banking regulators said in updated guidance on Friday. The discount window is "an important tool" banks can use to manage liquidity risk, bank regulators including the Federal Reserve and Federal Deposit Insurance Corp said in an updated interagency policy statement. Bank runs in mid-March that forced regulators to shut down Silicon Valley Bank and Signature Bank "underscored the importance of liquidity risk management and contingency funding planning," the agencies said. "Banks are now working to see that they are ready to use the discount window, and we are strongly encouraging them to do that," he said. Reuters GraphicsThe guidance also said financial institutions should establish and maintain operational readiness to use the discount window, including conducting periodic small value transactions.

Persons: Lorie Logan, Jerome Powell, Banks, Hannah Lang, Dan Burns, Marguerita Choy, Richard Chang Organizations: Federal Reserve, Federal Deposit Insurance Corp, Bank, Signature, Dallas, Reuters, Thomson Locations: Washington

The crypto industry has been in the regulatory crosshairs since investors were burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and other companies. A handful of Democrats, including Reps. Jim Himes and Ritchie Torres, joined committee Republicans in voting for the bill. The bill has galvanized many in the crypto industry, who say that with Democrats' support, the bill could have a shot in the Senate. But some Democrats, including Representative Maxine Waters, the top Democrat on the Financial Services committee, fiercely oppose the bill. "This bill heeds the calls from the crypto industry while disregarding the views of the administration, the Securities and Exchange Commission and consumer and investor advocates," she said.

Persons: Jim Himes, Ritchie Torres, Patrick McHenry, we've, Kristin Smith, Miller Whitehouse, Levine, Maxine Waters, Waters, Sherrod Brown, Hannah Lang, Matthew Lewis, Mark Porter, Diane Craft Organizations: Capitol, Voyager, House Financial, Trading, Securities, Exchange, Republicans, Agriculture, Financial Services, Blockchain Association, DeFi, Securities and Exchange Commission, Democratic, Banking, SEC, Politico, Thomson Locations: Singapore, Australia, United States, McHenry, Washington

Powell acknowledged as a positive development that inflation has fallen from the highs of last year without serious damage to the economy. "We'll be comfortable cutting rates when we're comfortable cutting rates, and that won't be this year," Powell said. 'MODERATE' GROWTHU.S. Treasury yields slid in choppy trading after the release of the Fed policy statement, while U.S. stocks ended largely unchanged. Futures markets showed little change in bets on the path of Fed rate increases over the remainder of the year, with small odds given to a rise in September. Though Powell said Fed staff had relaxed a prediction of a recession in coming months, outside analysts still think that's what it may take to finish the inflation fight.

Persons: Powell, Jerome Powell, Elizabeth Frantz Powell, what's, Kathy Bostjancic, nodded, Taylor Swift, he's, Veronica Clark, we're, Howard Schneider, Michael S, Safiyah Riddle, Paul Simao Organizations: Federal Reserve, Fed, Reuters, U.S . Federal Reserve, Federal, Committee, REUTERS, Treasury, Nationwide, Citi, Derby, Thomson Locations: WASHINGTON, U.S, Washington , U.S

☆ A Millennium Falcon-shaped comet heading toward Earth is so bright you'll able to see it with your naked eye, say astronomers
▼ + stars: | 2023-07-27 | by ( Ellie Zolfagharifard | ) www.businessinsider.com time to read: +4 min

Astronomers have spotted a "once-in-a-lifetime" comet shaped like the Millennium Falcon. The comet will make its closest approach to the sun next year, just weeks after a solar eclipse. The comet, known as Comet 12P/Pons-Brooks, abruptly brightened 100-fold on July 20 as plumes of debris and ice were blasted off it into space. While it may be possible to see the comet with the naked eye, Miles advised using binoculars. A decades-old mysteryAstronomers aren't sure exactly why Comet 12P/Pons-Brooks, which orbits the sun every 71 years, has brightened so drastically in recent weeks.

Persons: Pons, Brooks, It's, Richard Miles, Miles, Dr Edward Gomez, Elek Tamás, Helen Usher of Cardiff, Carrie Holt, Gomez Organizations: Service, British Astronomical Association, Wales, Harsona, Comet, Open University, University of Maryland Locations: Wall, Silicon, Cardiff, Nyiregyhaza, Hungary

But Representative Patrick McHenry, the chair of the committee, said on Thursday at the outset of a hearing that he had not reached a deal with Representative Maxine Waters, the committee's top Democrat. "We had high hopes 48 hours ago that we were going to come to a conclusion and then the White House reviewed where we were and disagreed," said McHenry. The stalemate comes just a day after the committee advanced a bipartisan bill that aims to develop a regulatory framework for cryptocurrencies and clarify when a token is a security or a commodity. A handful of House Democrats, including Jim Himes and Ritchie Torres, joined committee Republicans in voting for that bill, which is also being considered by the House Agriculture Committee on Thursday. Reporting by Hannah Lang in Washington; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Patrick McHenry, Maxine Waters, McHenry, Jim Himes, Ritchie Torres, Hannah Lang, Bill Berkrot Organizations: Republican, Democrat, U.S . House Financial, ., U.S . Federal, White House, Democrats, Republicans, House, Thomson Locations: Washington

[1/2] European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council's monetary policy meeting at ECB headquarters in Frankfurt, Germany, July 27, 2023. The Bank of England is expected to raise rates again next week following similar positive inflation news. Meanwhile on Friday, the Bank of Japan opened the debate on plans to bring its ultra-loose policies to an end. The Fed's benchmark overnight interest rate now stands in the 5.25%-5.50% range, while the ECB's main rate is 3.75%. While bond markets took a cue from the faster growth, and pushed yields on Treasuries higher, the days of coordinated global tightening may be numbered.

Persons: Christine Lagarde, Kai Pfaffenbach, Jerome Powell, Powell, Lagarde, Krishna Guha, Howard Schneider, Francesco Canepa, Balazs Koranyi, Leika, Dan Burns, Paul Simao Organizations: European Central Bank, ECB, REUTERS, WASHINGTON, U.S . Federal Reserve, The Bank of England, Bank of Japan, Reuters, U.S, Graphics, Thomson Locations: Frankfurt, Germany, FRANKFURT, TOKYO, Europe, United States, Graphics New, Tokyo

"We'll be comfortable cutting rates when we're comfortable cutting rates and that won't be this year," Powell said. Yields on both the two- and 10-year Treasury notes moved down modestly from levels right before the release of the Fed's policy statement, while U.S. stocks ended mixed. Futures markets showed bets on the path of Fed rate increases over the remainder of the year were little changed, seeing small odds of a rise in September. "The forward guidance remains unchanged as the committee leaves the door open to further rate hikes if inflation does not continue to trend lower," said Kathy Bostjancic, chief economist at Nationwide. He also noted that Fed staff economists are no longer predicting a recession as they have at recent meetings.

Persons: Powell, Jerome Powell, what's, Kathy Bostjancic, he's, Howard Schneider, Michael S, Paul Simao Organizations: Federal Reserve, U.S, Treasury, Nationwide, Fed, Reuters, Thomson Locations: WASHINGTON, U.S

☆ Merit Means More Than Grades and Tests
▼ + stars: | 2023-07-26 | by ( William A. Galston | ) www.wsj.com time to read: +1 min

William A. Galston writes the weekly Politics & Ideas column in the Wall Street Journal. He holds the Ezra K. Zilkha Chair in the Brookings Institution’s Governance Studies Program, where he serves as a senior fellow. A participant in six presidential campaigns, he served from 1993 to 1995 as Deputy Assistant to President Clinton for Domestic Policy. Mr. Galston is the author of 10 books and more than 100 articles in the fields of political theory, public policy, and American politics. A winner of the American Political Science Association’s Hubert H. Humphrey Award, he was elected a Fellow of the American Academy of Arts and Sciences in 2004.

Persons: William A, Galston, Ezra K, Saul Stern, Dean, Clinton, Association’s Hubert H, Humphrey Organizations: Street, Zilkha, Brookings Institution’s, Brookings, School of Public Policy, University of Maryland, Institute for Philosophy, Center for Information, Research, Civic, National Commission, Domestic, Liberal Pluralism, Public, Rowman & Littlefield, Liberal Democracy, Yale, American, American Academy of Arts and Sciences Locations: Brookings

☆ Fact Check-No proof of ‘deadly mosquitoes’ at AFRAM in Baltimore
▼ + stars: | 2023-07-26 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

AFRAM, an annual cultural festival celebrating Black excellence, was held over Juneteenth weekend at Druid Hill Park in Baltimore, Maryland (here), (aframbaltimore.com/about-afram). Weeks later, Instagram posts shared a clip from the festival that shows attendees swatting and fanning themselves and includes the text: “Helicopter released deadly mosquitoes in Baltimore, MD AFRAM 2023” (here). In other posts from the event, however, users say the flying bugs were gnats, not mosquitoes (here), (here). MALE MOSQUITOES SWARM, DON’T BITEMale mosquitoes swarm to mate but don’t bite, and the swarming flies in social media posts do not look like mosquitoes, said George Dimopoulos, a deputy director of the Johns Hopkins Malaria Research Institute (here). Social media clips of a Baltimore festival do not show “deadly mosquitoes,” entomology and health experts said.

Persons: Weeks, Baltimore Mayor Brandon Scott, Michael Raupp, gnats, Raup, Brian Federici, midge, ”, George Dimopoulos, Johns, Laura Harrington, “, Arinze Ifekauche, Dimopoulos, Read Organizations: Baltimore, Helicopter, Baltimore Mayor, University of Maryland, University of California, Johns Hopkins Malaria Research Institute, Cornell University, Health Department, Maryland Department of Agriculture, Reuters Locations: Maryland, Baltimore City, Druid, Baltimore , Maryland, Baltimore, Riverside

The crypto industry has been in the regulatory crosshairs since investors were burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and other companies. The markups - where legislation is debated and brought to a vote, paving the way for a full vote by the House of Representatives - are the first time crypto regulatory bills will be put to a vote in Congress, a victory for crypto lobbyists that have pushed lawmakers to provide regulatory clarity for the industry. His committee is expected to consider that bill during a markup on Wednesday, while the House Agriculture Committee will consider the same bill on Thursday. The bill has galvanized many in the crypto industry, who say that with Democrats' support, the bill could have a shot in the Senate. That effort escalated last month when the SEC sued crypto exchanges Coinbase (COIN.O) and Binance for failing to register some crypto tokens.

Persons: we've, Kristin Smith, Sherrod Brown, Patrick McHenry, McHenry, Miller Whitehouse, Levine, Maxine Waters, Waters, Hannah Lang, Matthew Lewis, Mark Porter Organizations: Capitol, Voyager, Financial, U.S ., Representatives, Blockchain Association, Democratic, Banking, Trading, Securities, Exchange, DeFi, SEC, Financial Services, Securities and Exchange Commission, Politico, Thomson Locations: Singapore, Australia, United States, McHenry, Washington

The crypto industry has been in the regulatory crosshairs since investors were burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and other companies. Still, it remains to be seen if the bills will garner any Democratic support, a factor seen by many as crucial to the bills' ultimate chances of becoming law. His committee is expected to consider that bill during a markup on Wednesday, while the House Agriculture Committee will consider the same bill on Thursday. The bill has galvanized many in the crypto industry, who say that with Democrats' support, the bill could have a shot in the Senate. That effort escalated last month when the SEC sued crypto exchanges Coinbase (COIN.O) and Binance for failing to register some crypto tokens.

Persons: we've, Kristin Smith, Sherrod Brown, Patrick McHenry, Miller Whitehouse, Levine, Maxine Waters, Waters, McHenry, Hannah Lang, Matthew Lewis Organizations: Capitol, Voyager, Financial, U.S ., Representatives, Blockchain Association, Democratic, Banking, Trading, Securities, Exchange, DeFi, SEC, Financial Services, Politico, Thomson Locations: Washington

The increase, anticipated by investors with nearly a 100% probability, would raise the benchmark overnight interest rate to the 5.25%-5.50% range. That would bring it to roughly the highest level since the approach to the 2007-2009 financial crisis and recession. Far from it, the economy is proving more resilient to rising interest rates than expected, with ongoing growth and an unemployment rate that is currently pinned at a low 3.6%. New data on the Fed's preferred measure of inflation, the personal consumption expenditures price index, will be released on Friday. The Fed will have a larger-than-usual amount of data to assess before its next meeting on Sept. 19-20, some eight weeks away.

Persons: Jerome Powell, Steve Englander, Powell, Howard Schneider, Dan Burns, Paul Simao Organizations: Federal, Reuters Graphics Reuters, Fed, Standard Chartered, Data, Conference Board, Thomson Locations: WASHINGTON, U.S, North America

☆ Why Gen Z, Millennials, Boomers, and Gen X Fight: Generational Conflict
▼ + stars: | 2023-07-26 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +15 min

Gen Z is soft, millennials are embarrassing, boomers are evil, and no one has thought about Gen X in years. But late this spring, Pew announced it would no longer use generational labels such as millennial and Gen Z in its research. By and large, Cohen shares Duffy's view that generational labels make it tough for both experts and laypeople to distinguish between generational traits and universal, or multifactorial, occurrences. To its credit, Pew has been transparent in acknowledging how the use of generational labels may have tilted its analyses. Pew "does believe generational research can be a useful tool in the right context," Parker told me.

Persons: Gen X, Pew, Kim Parker, Parker, Obama, Millennials, boomers, Gen Zers, Xers, —, Karl Mannheim, Louis Menand, Menand, Andrew M, Lindner, Sophia Stelboum, Azizul Hakim, William Strauss, Neil Howe, Strauss, Howe's, Baby Boomer, Portia, Zers, Gen Xers, Philip N, Cohen, it's, Bobby Duffy, Duffy, Stelboum, Hakim, Michael Dimock, Kelli María Korducki Organizations: Pew Research Center, Pew, Skidmore College, University of Maryland, College, Washington, King's College London Locations: Mannheim, New York City

"Financial markets have consistently front-run the Fed ... That has already eased credit conditions and could stoke an acceleration in growth." Reuters GraphicsBALANCING RISKSIn the six weeks since their June 13-14 meeting, Fed policymakers have digested data offering a mirror image of what they faced a year ago. Signs of a slowdown are there, to be sure, and some policymakers expect more weakness is coming - an argument for caution in considering further rate increases. Still, unless there's a sharp drop in activity soon, it could mean Fed officials have underestimated the economy's strength and may become doubtful about the prospect of a continued decline in inflation. That will likely keep the door open to more rate increases - for now.

Persons: Diane Swonk, Jerome Powell, That's, Tim Duy, Duy, Powell, Howard Schneider, Dan Burns, Paul Simao Organizations: Federal, KPMG, stoke, Reuters, Fed, Atlanta Fed, SGH Macro, Thomson Locations: U.S

The market for e-bike delivery has grown dramatically in the past few years. Here's how startups, delivery companies, and city governments are improving safety. The explosion of delivery startups and e-bikes in the past few years has led to a new type of boom: increasing battery fires. "E-bike batteries are made up of a bunch of small batteries stacked together," Charlie Welch, ZapBatt's cofounder and CEO, said. JOCOOther startups, such as Popwheels, are engineering safe batteries that are compatible with the e-bikes delivery drivers already own.

Persons: —, Uber, Ravindra Kempaiah, Michael Pecht, Brian O'Connor, O'Connor, Charlie Welch, ZapBatt's, Welch, Jonathan Cohen, Grubhub, Jonathan A, Cohen, David Hammer, Hammer, Baruch Herzfeld, they've, We've Organizations: Bloomberg, Zen Electronics, University of Maryland, Fire Protection Association, UL Solutions, US Consumer Product Safety Commission, UL Locations: New York City, New York, Halifax , Nova Scotia, China, Carlsbad , California, Brooklyn , New York

The service will compete with private sector real-time payments systems, including The Clearing House's RTP network, and was initially opposed by big banks who said it was redundant. Unlike peer-to-peer payments services like Venmo or PayPal, which act as intermediaries between banks, payments made via FedNow will settle directly in central bank accounts. The Fed also operates a real-time payments system called FedWire, but that's reserved for large-scale, mostly corporate payments and is only operational during business hours. While the new FedNow system is for everyone, it's likely to benefit consumers and small businesses the most, analysts have said. But Fed officials have downplayed those concerns, arguing that banks have tools available to mitigate a wave of outflows.

Persons: JPMorgan Chase, FedNow, Anu Somani, it's, ”, Carl Slabicki, Lance Noggle, Hannah Lang, Michelle Price, Andrea Ricci Organizations: U.S . Federal, European Union, JPMorgan, Bank of New York Mellon, US Bancorp, RTP, U.S . Bank, PayPal, Fed, Mellon’s Treasury Services, “, Independent Community Bankers of, Thomson Locations: United Kingdom, India, Brazil, FedNow, Independent Community Bankers of America, Silicon, Washington

July 19 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has accepted applications to create spot bitcoin exchange-traded funds from six firms including BlackRock (BLK.N) for review, the first step in the agency's process for deciding whether or not to approve the latest round of proposals. The SEC also formally acknowledged applications from Bitwise, VanEck, WisdomTree (WT.N), Fidelity and Invesco (IVZ.N) for similar spot bitcoin ETFs, with those proposals appearing on the Federal Register Tuesday and Wednesday. The SEC has previously rejected dozens of spot bitcoin ETF applications, saying the proposals did not meet anti-fraud and investor protection standards. The first bitcoin futures ETF was approved in October 2021, helping send the volatile bitcoin to an all-time high of $69,000 in November 2021. Spot ETFs directly track the price of the cryptocurrency, while futures-based ETFs follow the price of bitcoin futures contracts.

Persons: Hannah Lang, Andrea Ricci Organizations: U.S . Securities, Exchange Commission, SEC, BlackRock, Fidelity, Federal Register, Nasdaq, Coinbase, CBOE Global, Thomson Locations: U.S, Washington

They are a key source of financing for some fintech lenders, which have fewer funding options than banks. As the end of pandemic stimulus and rising inflation led delinquency rates to normalize, investors shunned the fintech ABS market late last year. Fintechs like Upstart (UPST.O), Affirm (AFRM.O) and OneMain Financial (OMF.N) say they are boosting credit quality, in another example of how lenders have been pulling back amid uncertainty over the economic outlook. Still, analysts say it is a sign the fintech ABS market is recovering. For fintech loans to borrowers with weighted average credit scores between 660 and 710, annualized net losses rose by 1.88% month-over-month to 16.61%.

Persons: Sanjay Datta, Datta, Max Levchin, Doug Schulman, OneMain, Finsight, Robert Wildhack, Kroll, Hannah Lang, Matt Tracy, Josie Kao Organizations: Wall Street, OneMain, AAA, Autonomous Research, Kroll Bond Rating Agency, Thomson Locations: Washington

While recent inflation data was encouraging, he said, "one data point does not make a trend." Reuters Graphics Reuters Graphics'STRANGE BUSINESS CYCLE'Until the Fed declares its inflation war at an end, however, economists and market analysts say risks to a benign outcome will remain. "At 3.5%, July won't be the last time the Fed hikes," Furman said in an interview. Ed Al-Hussainy, senior rates analyst at Columbia Threadneedle, meanwhile, is skeptical that the impact of rapid rate hikes has already been absorbed. "To say we have the same economy with real rates at negative 2% as we do at positive 2%, I don't buy it."

Persons: Jerome Powell, Christopher Waller, Waller, Thomas Barkin, Nick Bunker, Jason Furman, Obama, Furman, Ed Al, Columbia Threadneedle, Raphael Bostic, Austan Goolsbee, shouldn't, Goolsbee, Howard Schneider, Dan Burns, Paul Simao Organizations: Federal Reserve, Reuters Graphics, Richmond Fed, Reuters Graphics Reuters, Fed, Harvard University, White, Columbia, Atlanta Fed, Chicago Fed, CNBC, Thomson Locations: U.S

☆ When El Niño exacerbates global warming: Record heat, record flooding, record wildfires
▼ + stars: | 2023-07-15 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

Brown | Afp | Getty ImagesIf you feel like record-level extreme weather events are happening with alarming frequency, you're not alone. Global warming is making extreme weather events more severe, scientists said. But what is clear is that climate change makes it more likely that an extreme weather event will happen. "Higher temperatures from climate change are indisputable, and with each degree increase we're multiplying our changes of getting an extreme heat wave. Decreasing the greenhouse gas emissions released into the atmosphere by burning fossil fuels will help moderate the extreme weather trends.

Persons: Rai Rogers, Frederic J, Brown, Michael Mann, Brandon Bell, Phil Scott, Paul Ullrich, Mann, Ullrich, Justin Trudeau, El Niño, Timothy Canty, Canty, they're Organizations: Afp, Getty, University of Pennsylvania, CNBC, National Oceanic, Atmospheric Administration, NOAA, National Weather Service, Prediction, EMT, Emergency, Washington Post, The Washington Post, Anadolu Agency, University of California, Global, Wildfire, Bloomberg, University of Maryland, Government, Montreal Locations: Las Vegas , Nevada, California, Texas, Florida, United States, Northern, West Coast, Phoenix , Arizona, Nevada, Arizona, Montpelier , Vermont, Vermont, Canada, New York City, Anadolu, Davis, Lytton , British Columbia, El, Americas, Gulf, Pacific Northwest, Ohio, Northeastern, Ankara, Turkiye, Montreal

Search resuls for: "University of Maryland"

25 mentions found