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Health

5 issues it’s best to know earlier than the inventory market opens on Thursday June 10th

Here are the top news, trends, and analysis investors need to start their trading day:

1. Dow futures rise despite hotter inflation data; S&P 500 close to record

Traders on the floor of the New York Stock Exchange, June 4, 2021.

Source: NYSE

Dow futures rose Thursday despite an unexpectedly hotter-than-expected consumer inflation report. The Dow posted its third straight losing session on Wednesday. In a rather subdued June, the average of the 30 stocks was still less than 1% off last month’s all-time high. The S&P 500, which also fell on Wednesday, trailed 0.3% from its record high from May. The Nasdaq broke a three-session winning streak. But Wednesday’s modest decline still kept the tech-heavy index within 1.6% of its late April high.

2. Consumer prices are rising fastest since summer 2008 in May

A customer wearing a protective mask loads wood onto a cart at a Home Depot store in Pleasanton, California on Monday, February 22, 2021.

David Paul Morris | Bloomberg | Getty Images

The 10-year government bond yield rose on Thursday and traded 1.5% after the government released its red-hot consumer price index for May. Headline CPI rose more-than-expected 5% year-over-year, the highest rate since sky-high energy prices that drove inflation numbers higher than expected in August 2008, posting a 3.8% year-over-year increase highest since June 1992. The Federal Reserve, which has said hotter inflation will be temporary, meets next week. The government also reported a new pandemic-era low of 376,000 initial jobless claims for last week. The previous week was not revised at 385,000.

3. GameStop Appoints Former Amazon Executives as New CEO and CFO

A person wearing a protective mask leaves a GameStop Corp. store on Thursday, April 22, 2021. at a mall in San Diego, California.

Bing Guan | Bloomberg | Getty Images

GameStop’s shares fell about 6% in the premarket the morning after the video game retailer named former Amazon executive Matt Furlong as its new CEO. GameStop also has another former Amazon executive, Mike Recupero, as its CFO. The company is trying to move from a largely stationary store to an online one. Chewy co-founder Ryan Cohen, who invested in GameStop last year and drove the new strategy, became chairman. GameStop sales rose 25% in the first fiscal quarter, with loss per share being lower than expected. The stocks of the original Reddit preferred Meme stock rose 1,500% in 2021.

4. Meat supplier JBS paid ransomware hackers $ 11 million

JBS meat processing facility will be visited on June 2, 2021 in Plainwell, Michigan.

Jeff Kowalsky | AFP | Getty Images

Brazil’s JBS, the world’s largest beef supplier, paid the ransomware group that invaded their computer networks around $ 11 million. The company was hacked by REvil, one of several Russian-speaking gangs, in May, which resulted in plant closings. The news of the payment of the JBS comes after a statement from Congress by Joseph Blout, CEO of Colonial Pipeline, which was recently hacked by another Russian hacker group, DarkSide. In a statement to the Senate Tuesday, Blout said Colonial Pipeline’s decision to pay for the ransomware demand was “right for the country.”

5. Biden presents Covid vaccine donations and calls on leaders to join

U.S. President Joe Biden stops before the G7 summit near Mildenhall, Britain, on Jan.

Kevin Lamarque | Reuters

President Joe Biden, who met with leaders of the affluent G-7 democracies on his first overseas trip since taking office, is expected to reveal plans on Thursday for the US to donate 500 million doses of vaccine around the globe over the next year. That’s in addition to the 80 million recordings that Biden has already committed to by the end of the month. US officials said the president will also submit a direct request to his other G-7 leaders to do the same. As Covid wears off in the US, the pandemic has reached new levels of devastation in many countries. India reported a daily record of more than 6,000 deaths from the disease on Thursday.

– NBC News and the Associated Press contributed to this report. Follow all market activity like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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Sport

NBA Playoffs 2021 – Chris Paul could not have provide you with a greater state of affairs for the Phoenix Suns

Chris Paul plans.

He was planning when he forced a trade out of New Orleans a decade ago. He was planning when he creatively used a contract option to come to Houston. He was planning on helping change an obscure age rule in the collective agreement that would give him the opportunity to earn tens of millions of dollars in extra pay.

Even in the moments after Paul’s Phoenix Suns closed a 123-98 wire against the visiting Denver Nuggets on Wednesday to take a 2-0 lead in their second-round series of the Western Conference, Paul had planned. In the locker room, knowing the Nuggets were coming back from trailing 3-1 twice last season, he got his teammates to think about Game 3 on Friday night in Denver. Paul shared stories of beating the San Antonio Spurs 2-0 in New Orleans in 2008, only to lose in seven games.

But even on his rosiest drawing board, he probably couldn’t have seen the situation developing.

The Suns have won five playoff games in a row and seem to get stronger with each win. His long-time opponents fall off the board. Stephen Curry is at home. LeBron James is at home. Injuries are mounting across the league and this time the one Paul had in the playoffs – his shoulder spike that almost ruined that run before it started – appears to be healed.

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The suns are healthy and play great as a group. In both games of the second round, five players scored double digits.

People across the league are starting to talk about how this could be Paul’s best shot ever in an NBA final. It may be premature to say that his Rockets team were 3-2 ahead of the Golden State Warriors in the conference finals before a hamstring sidelined him three years ago.

But after the routine disappointments with the LA Clippers and the disappointments and near-misses in Houston, this Rising Sun series feels like the most unexpected playoff situation in Paul’s career.

“I’ll tell you,” said Paul after scoring 17 points with 15 assists and no losses in Game 2. “I’ve really never been on a team like this before.”

Working with the Oklahoma City Thunder, Paul had multiple hopes when selecting a trading destination this past off-season. He wanted to be close to his family in Los Angeles, have good weather and the chance to play alongside a star; he would have that in Devin Booker. Represented by the same agency, Booker desperately sought help.

“I’m done not making the playoffs,” Booker said three years ago after a 21-61 season at Phoenix. “I’m serious.”

After a perfect 8-0 in the Orlando, Florida bubble to narrowly miss the 2020 playoffs, the Suns were on the up mobile – but they weren’t seen as real contenders. Various people in their fan base and organization may have come to this conclusion over the course of this particular season, but now that it actually happens, Paul basks in the position he found himself in.

Booker was the star he believed in, with his 47-point closeout game beating defending champions Los Angeles Lakers being the gem so far. Paul can’t believe how effective his teammates are at shooting. Jae Crowder, Mikal Bridges, Dario Saric, Cameron Johnson and Cameron Payne illuminate the opponents from the outside.

Paul, who was the centerpiece of Lob City with the Clippers and an offensive juggernaut in Houston, said he had never seen anything like it.

“Everyone shoots,” said Paul. “You don’t have to try to find a specific guy [on our team] are knockdown shooters. “

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Chris Paul connects with Deandre Ayton for a roaring two-handed slam.

During that streak of five post-season games, Paul has 53 assists and four turns. That’s 53-4. With his better shoulder – he couldn’t even attempt long shots for several games in the preliminary round – he made 14 of 24 shots and 4 of 5 3-point throws in this series. His two threesomes on Wednesday were fourth quarter daggers.

“He plays games better than anyone I’ve ever seen,” said Suns coach Monty Williams. “For me this is not a matter of course, for our team it is not a matter of course.”

It is dangerous to believe that this fairy tale will go on; Paul’s playoff career has been a long series of unexpected setbacks. But it is also in man’s nature to watch him at the age of 36 and wonder if a little karma is going his way.

Outwardly Paul will not allow it; he’s shot literally dozens of commercials about insurance covering unexpected disasters. But inside he can probably see the road ahead and begin to feel some warmth.

“We’re cool,” said Paul. “We have people who understand the moment.”

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Science

A research reveals the sudden impact of black holes past their very own galaxies – Watts Up With That?

INSTITUTE OF ASTROPHYSICS OF THE CANARY ISLANDS (IAC)

Research news

PICTURE: ARTISTIC COMPOSITION OF A SUPERMASSIVE BLACK HOLE THAT REGULATES THE DEVELOPMENT OF ITS ENVIRONMENT. Show more CREDIT: GABRIEL PÉREZ DÍAZ, SMM (IAC) AND DYLAN NELSON (ILLUSTRIS-TNG).

At the heart of almost every sufficiently massive galaxy is a black hole whose gravitational field, although very intense, only affects a small area around the center of the galaxy. Although these objects are thousands of millions of times smaller than their host galaxies, our current view is that the universe can only be understood if the evolution of the galaxies is regulated by the activity of these black holes, because without them the observed properties of the galaxies cannot be be explained.

Theoretical predictions suggest that as these black holes grow, they generate enough energy to heat up and expel the gas in galaxies over great distances. Observing and describing the mechanism by which this energy interacts with galaxies and changes their evolution is therefore a fundamental question in astrophysics today.

With this aim in mind, a study led by Ignacio Martín Navarro, a researcher at the Instituto de Astrofísica de Canarias (IAC), went a step further and sought to investigate whether there was any matter and energy emitted by these black holes can change the development not only of the host galaxy, but also of the satellite galaxies surrounding it at even greater distances. To do this, the team used the Sloan Digital Sky Survey, which allowed them to analyze the properties of galaxies in thousands of groups and clusters. The conclusions of this study, which began during Ignacio’s stay at the Max Planck Institute for Astrophysics, are published today in Nature magazine.

“Surprisingly, we found that the satellite galaxies formed more or fewer stars depending on their orientation in relation to the central galaxy,” explains Annalisa Pillepich, researcher at the Max Planck Institute for Astronomy (MPIA, Germany) and co-author of the article. To explain this geometric effect on the properties of the satellite galaxies, the researchers used a cosmological simulation of the universe called Illustris-TNG, the code of which contains a specific handling of the interaction between central black holes and their host galaxies. “As with the observations, the Illustris TNG simulation shows a significant modulation of the star formation rate in satellite galaxies as a function of their position in relation to the central galaxy,” she adds.

This finding is doubly important as it supports the observational assumption that central black holes play an important role in regulating the evolution of galaxies, which is a fundamental feature of our current understanding of the universe. Still, this hypothesis is constantly being challenged as it is difficult to measure the possible effect of black holes in real galaxies rather than just considering theoretical implications.

So these results suggest that there is a special coupling between the black holes and their galaxies, through which they can eject matter at great distances from the galactic centers and even affect the evolution of other nearby galaxies. “So we can not only observe the effects of central black holes on the development of galaxies, but our analysis also opens the way to understanding the details of the interaction,” explains Ignacio Martín Navarro, first author of the article.

“This work was made possible by the collaboration between two communities: the observers and the theorists who, in the field of extragalactic astrophysics, find that cosmological simulations are a useful tool for understanding how the universe is behaving,” he concludes.

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Article: Ignacio Martín Navarro, Annalisa Pillepich, et al. “Anisotropic satellite extinction, modulated by the activity of black holes”. Nature, June 10, 2021. DOI: 10.1038 / s41586-021-03545-9

From EurekAlert!

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Technology

Sony’s New Airpeak S1 Drone Rockets to 55mph in Simply 3.5s

Sony has announced its first drone, the Airpeak S1, and it will out-accelerate the competition by rocketing to 50 miles per hour in just 3.5 seconds and on to a maximum speed of 55.9mph. That makes it the fastest accelerating drone in the industry. It’s not competing with small consumer drones like the DJI Mavic Air 2, however — this is a large pro-level drone designed to carry a gimbal and a full-size camera, ready for commercial use in the skies. And it costs $9,000.

The Airpeak S1 has a 644mm total span, making it similar in size to the DJI Inspire 2 but far more capable in terms of payload and ability. It’s the smallest drone that can carry a full-size mirrorless Sony Alpha camera equipped with interchangeable lenses. It uses five stereo cameras and two infrared cameras along with Sony’s new Vision Sensing Processor, and power is delivered using a new propulsion system using brushless motors, and an internal battery for a flight time of up to 22 minutes. Sony promises excellent stability during windy conditions too, stating it will remain steady even when wind speed reaches 44mph or 20 meters per second.

It’s controlled using the Airpeak Flight app which at launch will be available only for iOS, and a special remote control. The aircraft and an attached gimbal can be controlled by one person with the remote, and there will be a dual operation mode so one person can be tasked with flying the drone, and another controlling the gimbal. Sony has also announced Airpeak Base, a cloud-based app to plot automated flight routes, manage a fleet, and edit flight plans.

Sony has worked with drone gimbal experts Gremsy to produce a dedicated gimbal for the Airpeak S1, but it does not come pre-packaged with the drone so you’ll have to buy it separately. The S1 and gimbal are compatible with a wide range of Sony cameras including the A1, A911, A7s111, A7RIV, and FX3 cameras, along with E-Mount lenses between 14mm and 85mm. The gimbal is joined by a battery pack, charger, and another remote control as optional accessories for the S1, but prices have not been confirmed yet.

The Airpeak S1 — which comes with the remote, two batteries, a charger, and four propellers — won’t be available to buy until later this year. At that time more details on the specification and FAA approval, which is apparently underway, will be revealed, along with the cost of the accessories.

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Entertainment

Shakira’s son Sasha is her simple Mini-Me in Uncommon Photograph

Shakirahis 5 year old son Sasha everything is grown up!

The Latino pop star shared a photo of her youngest after enjoying his first surf session with friends and teachers Quay and Hans. The group of three gestured “Hang loose” to the camera while smiling in their beach clothes.

It’s been some time since the She Wolf actress shared a photo of her children.

Most recently, the musician gave her followers an insight into her life with her sons Sasha and Milan, as well as husband Gerard Piqué, in August. At the time, the family was enjoying a trip to the sea, where they spotted beach species. She jokingly titled a video: “It seems to me that my family has not seen many crabs in their life … I have to take them to the beach more often …”

Aside from that, Shakira frequently posts about her dance rehearsals, skateboarding, and philanthropic endeavors.

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Health

Covid Delta variant not fast risk to U.S.

Dr. Scott Gottlieb told CNBC on Wednesday he believes enough Americans are fully vaccinated to delay the risk presented by the Delta Covid variant.

“The question is: Are there enough unvaccinated people that this could get into the population and start spreading more widely? I happen to think it’s unlikely that this is going to be a threat until the fall, perhaps,” the former Food and Drug Administration commissioner said on “Squawk Box.”

Gottlieb’s comments come as speculation grows that the U.K. could delay the lifting of all lockdown measures in England, set for June 21, due to the increasing prevalence of the Delta variant, which was first discovered in India.

The most severe cases involving the Delta variant appear to be in unvaccinated people or those who are only partially vaccinated, Gottlieb said. “It does seem to be a more dangerous variant. That said, two doses of the vaccine seem to be very protective.” 

“People who are fully vaccinated, I think, are pretty well protected against this new variant based on the accruing evidence,” added Gottlieb, who led the FDA in the Trump administration from 2017 to 2019. He’s now on the board of vaccine maker Pfizer.

On Tuesday, the White House’s chief medical advisor, Dr. Anthony Fauci, stressed the importance of Americans becoming fully vaccinated to protect against the Delta variant. Currently, Fauci said it accounts for more than 6% of the U.S. coronavirus infections that scientists have genetically sequenced.

The Delta variant, meanwhile, is becoming the dominant variant in the United Kingdom. The U.S. and U.K. now have around 53% of adults fully vaccinated against Covid. However, Gottlieb said England’s decision to delay the administration of second doses in order to give more people initial shots “probably opened the door to this spreading a little bit more widely.” 

At a White House briefing Tuesday, Fauci called out as examples Covid vaccines from Pfizer and AstraZeneca — which is used in the U.K. but not the U.S. — saying they were around 33% effective in protecting against the Delta variant after one dose. For Pfizer, that rose to 88% efficacy after the second shot, Fauci said, while AstraZeneca’s vaccine was 60% effective, according to the National Institutes of Health.

“It does appear that two doses of the vaccine are more important against these variants than they were against the old strain of the virus,” Gottlieb said.

Despite vaccination progress in the U.S., Gottlieb acknowledged there could be worrisome situations in the country involving the Delta variant. “If you have a community where there’s a lot of unvaccinated people and you have a super-spreading event with Delta … you could get an outbreak here.”

Covid cases in the U.S. continue to fall. The country’s seven-day average of daily new coronavirus infections is around 14,400, according to a CNBC analysis of Johns Hopkins University data. That’s about 17% lower than it was a week ago. It also represents an over 60% decline from roughly a month ago. The highest single day of new cases in the U.S. was 300,462 on Jan. 2.

Disclosure: Scott Gottlieb is a CNBC contributor and is a member of the boards of Pfizer, genetic testing start-up Tempus, health-care tech company Aetion and biotech company Illumina. He also serves as co-chair of Norwegian Cruise Line Holdings’ and Royal Caribbean’s “Healthy Sail Panel.”

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Sport

USA vs. Costa Rica: Time, TV channel, streaming, betting odds, prediction for June 9

After a thrilling Nations League final triumph over Mexico that has fans dreaming again, the U.S. men’s national team will want to avoid the classic letdown match by finishing camp strong in a friendly against Costa Rica (7 p.m. ET).

Both the USA and Costa Rica are expected to give some extended time to players who have not featured in the last seven to 10 days. Costa Rica has already promised to freshen up the starting lineup after using the same team against both Mexico and Honduras in the Nations League Final Four.

But the USMNT is a deeper team and there’s competition for starting spots with World Cup qualifying just a couple of months away. Goalkeeper Zack Steffen (bone bruise), defender Bryan Reynolds (bone bruise) and defender Matt Miazga (wedding prep) will not be with the team. Nashville central defender Walker Zimmerman replaces Miazga, and Nations League hero Ethan Horvath is expected to start (on his birthday) in place of Steffen. Orlando forward Daryl Dike will also be available to play and he has been in camp with the USA over the past two weeks.

Watch: Stream USA vs. Costa Rica on fuboTV (free 7-day trial)

In the pregame news conference, head coach Gregg Berhalter and midfielder Tyler Adams both hammered home the urgency of showing they can perform at a high level across four straight matches in a condensed schedule. This game matters to them.

If they can beat Costa Rica, the USMNT will have logged victories over three of their direct competitors when the final round of qualifying kicks off in September. It’s the perfect tone-setter with a Gold Cup tournament still to be played in July.

Getty Images

What time is USA vs. Costa Rica?

  • Date: Wednesday, June 9
  • Time: 7 p.m. ET

The USA will host Costa Rica in an international friendly at Rio Tinto Stadium in Sandy, Utah. The Americans have four wins and a draw in the five all-time matches they’ve played in the state.

How to watch USA vs. Costa Rica in USA

The match will be available on TV in English (ESPN2) and in Spanish (UniMas and TUDN) and those networks can be streamed live on fuboTV (7-day free trial).

USA vs. Costa Rica betting odds & prediction

The USA’s depth is a big reason why they’re the favorites, and they should win this comfortably. There are plus-numbers available for different combinations of U.S. victories and the -1 Asian Handicap is also available at plus-money at the time of publication.

Costa Rica are winless in 10 games and they are coming off two heartbreaking penalty kick shootouts. This is not the moment they’ll be springing the upset, especially with an alternate team taking the field.

With more than 17,000 fans in attendance for the match, the U.S. team will not want to disappoint. They’ll keep the good times rolling.

Prediction: USMNT 3, Costa Rica 1

Odds courtesy of DraftKings:

  • USA to win: -167
  • Draw: +295
  • Costa Rica to win: +460
  • USA to win 1st half: +112
  • USA to win and both teams to score: +300
  • USA to win at halftime AND fulltime: +140
  • USA to win both halves: +335
  • USA -1 Asian Handicap: +104
Categories
Science

Conceptual design for a lunar habitat

By the end of this decade, several space agencies plan to send astronauts to the moon for the first time since the Apollo era. But while Apollo was a “footprint and flag” affair, the current proposals for exploring the moon call for the creation of an infrastructure that allows for a permanent human presence there. In addition to NASA’s Artemis program, ESA is also working on a plan to create an “International Moon Village”.

For years, ESA has been publishing teasers of what this “successor to the International Space Station” (ISS) might look like, the latest of which can be seen in the La Biennale di Venezia museum in Venice. As part of the 17th International Architecture Exhibition, the architecture firm Skidmore, Owings & Merrill (SOM) presented its design (with technical support from ESA) for a semi-inflatable lunar habitat that could enable long-term lunar colonization.

While the theme of this year’s architecture exhibition, which runs from May 22 to November 11, is “How will we live together?”. This is broken down into five scales, consisting of “Among different beings”, “As new households”, “As emerging communities”, “Across borders” and “As one planet”. The SOM installation (which spans some of the scales) is titled “Life Beyond Earth” and envisions how people can live sustainably in the hostile environment of space.

The SOM installation consists of two large format models of the habitat and a film (see below) that shows how a habitat module is delivered to the moon and integrated with others to form a fully functional “village”. The SOM design is based on a semi-inflatable shell structure that offers the highest possible volume-to-mass ratio (and can be launched to the moon at a lower cost).

When they reach the surface of the moon, the modules are inflated and almost double their original volume. The interior of each module consists of a four-story floor-to-ceiling ceiling environment with interior lighting and reconfigurable functions. This enables crews to take advantage of lunar gravity (16.5% of Earth’s gravity) by effortlessly ascending and descending between floors (which is aided by poles and other simple tools).

The video also shows the selected location for the future lunar village, which is within the edge of a massive lunar impact crater. This is Shackleton Crater, which is located in the South Pole Aitken Basin and measures 21 km (13 miles) in diameter and 4 km (2.5 miles) deep. This location is considered an ideal location for a lunar base, as the ground is permanently shaded and therefore immune to the extreme temperature fluctuations on the lunar surface.

The ESA moon base shows its position in the Shackleton crater. Photo credit: Skidmore, Owings & Merrill / ESA

Since the moon is connected to the earth by the tides (with one side constantly facing it), the lunar surface has a day-night cycle that lasts about a month on earth – an average of 29 days, 12 hours, 44 minutes , and 3 seconds. During a two-week “lunar day”, surface temperatures away from the poles can reach up to 390 K (117 ° C; 243 ° F) and up to 100 K (-173 ° C; -280 ° F.)) During a “moon night”.

In permanently shadowed craters, temperatures are relatively stable at 60 (-213 ° C; -352 ° F) to 80 K (-193 ° C; -316 ° F), while the rest of the polar surface receives near-continuous sunlight. Solar systems installed directly behind it along the edge could use this exposure to generate a constant flow of electricity. In addition, Shackleton and other impact craters in the southern polar region have abundant water ice on their permanently shaded floors.

Another benefit of building in this region is the constant view of the earth. This is another advantage of its location in the polar regions of the moon and the nature of its orbit with the earth. While it is necessary to create habitats that look up to the surface and provide a sense of connection with the local environment, the ability to see the earth will allow future people living outside the world to connect with their home to feel.

The interior of the lunar village shows where plants are grown for oxygen and food. Photo credit: Skidmore, Owings & Merrill / ESA

It would also give everyone who lives and works on the lunar surface the opportunity to experience the “overview effect” whenever they feel like going on a moonwalk! As Frank White, a “space philosopher” who coined the term, described it in his 1987 book of the same name, the term describes the shift in consciousness that occurs when one looks at the earth from space – generally as the earth as one , valuable system that is not subject to arbitrary limits.

Other possible means of building a lunar base are to combine inflatable structures and 3D printer robots to create the outer shell of a base from lunar regolith – a process known as In-Situ Resource Utilization (ISRU). This can be done with an aggregate of regolith and binders (i.e. “lunacrete”) and molten ceramic, which is made by bombarding regolith with microwaves (also known as “sintering”) and 3D printing the hot material onto the surface where it is hardens.

In addition to the lunar village proposed by ESA, these techniques could be used to establish Artemis base camp, as well as a Chinese and Russian lunar base. Other pieces of NASA’s Artemis mission architecture are shown in the video, such as the Lunar Gateway and the Multi-Mission Space Exploration Vehicle (MMSEV) – a next-generation manned surface vehicle NASA is developing for the Moon and Mars.

Astronauts on an EVA outside the lunar village. Photo credit: Skidmore, Owings & Merrill / ESA

This and the next decade will be a very interesting and exciting time as several space agencies and commercial partners will create the necessary infrastructure to ensure that humans can continue to explore, live and work on the moon in the future. In the midst of it all, the message of the “Artemis Generation” is clear: “We’re going back to the moon. And this time we stay! “

Further reading: ESA

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Science

Social Price of Carbon – Watts Up With That?

Reposted from NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

Ken Gregory has sent me his latest paper on the Social Cost of Carbon.

If he is correct, it upends all of the arguments for spending trillions of dollars on a non existent problem:

Social Cost (Benefit) of Carbon Dioxide from FUND

with Corrected Temperatures, Energy and CO2 Fertilization

By Ken Gregory, P.Eng. May 26, 2021

Summary

Climate policies such as carbon taxes are set by governments using social cost of carbon (SCC) values calculated by economic computer programs called integrated assessment models (IAM). FUND is the most complex of the IAMs which links emissions scenarios and models of economics, climate and impacts for 16 world regions. Unfortunately, the climate component of FUND that determines temperature is flawed as it assumes that the deep oceans are instantly in temperature equilibrium with the atmosphere, without any time delay, when the equilibrium climate sensitivity (ECS) is 1.5 °C or less. The FUND model runs too warm compared to climate models.

The ESC can only be estimated using the energy balance method that compares the climate forcings to historical temperature records. The paper Lewis & Curry 2018 presents estimates of ECS with uncertainty analysis. The analysis was deficient in that the natural climate change was not considered and no correction was applied to remove the urban heat island effect from the temperature record. Making these adjustments, the likely range of ECS based on energy balance calculations using actual historical temperatures is 0.76 – 1.39 °C with a best estimate of 1.04 °C.

The energy impact components for space heating and cooling expenditures of FUND are very flawed. The change of expenditures with temperatures does not correspond to expenditure data published for the USA states. A paper by Peter Lang and me shows that a 3 °C temperature rise would decrease energy expenditures in the USA by 0.07% of gross domestic product (GDP) but FUND projects an increase of expenditures of 0.80% of GDP with non-temperature drivers held constant. A study by Dayaratna, McKitrick and Michaels (D, M & M 2020) of the CO2 fertilization effect and the FUND agricultural component shows that the FUND CO2 fertilization effect should be increased by 30%.

I have created a modified version of FUND which incorporates a 2-box ocean climate model that is tuned to closely match the temperature profile of climate models. I have replaced the flawed space heating and cooling components with new components to match the empirical heating and cooling USA data and increased the FUND CO2 fertilization effect by 30%. The social net benefit of CO2 emissions is calculated using the ECS probability distribution. The results show the net benefits of CO2 emissions are 11.74 and 8.41 US$/tCO2 at 3% and 5% discount rate, respectively.

Agriculture dominates the SCC values which are greater than 100% of the net benefits of CO2 emissions. The mainstream media is fixated on storms and sea level rise which are insignificant. The data show that climate change with the CO2 fertilization effect is quite beneficial, so policies costing trillions of dollars to reduce CO2 emissions are misguided. See the report here.

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Entertainment

Shannade Clermont tweeted what she needed to a gaggle of pals

Go best friend, this is my best friend! Yesterday was National Best Friends Day. It’s a day to put your best friend in the spotlight and show them a very special love. Although it comes once a year, there is nothing wrong with showing your best love all year round! When it comes to friendships in general, one must have qualities to get the title of best friend! Shannade Clermont, half of the Clermont twins, tweeted in a now-deleted tweet that she was looking for a group of friends!

“Just need a couple of female fly friends who have some cash to travel and be pretty together and be on fun missions together. No jealousy or hate, ”Shannade tweeted. Some of the roommates agreed with Shannade to have a strong circle. One commented: “No cap, the girls need a good circle of friends.” However, some didn’t like her addressing their missions. They quickly called her out because of her past. One commented: “Be ready to be in jail 5-10 !! Your kind of fun will take you to court !! ”

If you recall, Shannade was sentenced to one year in prison in 2019 for trying and trying more than $ 20,000 in fraudulent charges. She was accused of using debit card information stolen from her “sugar daddy” James Alesi, who died after a date. Shannade spoke about the experience in an interview with Page Six that same year. She admitted using James’ cards but only knew afterwards that he was dead.

“He wasn’t sleeping when I left – he was just drunk. I’ve never been with people who did heavy drugs so I didn’t really know. It was like, ‘Oh, he was a drunken mess.’ I was annoyed . . . [I thought] he played games. So I just left, ”she explained.

Shannade has managed to stay out of legal problems since that experience. Aside from a recent drama with the City Girls, she has apparently avoided headlines.

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