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Scientific Breakthroughs That Changed the Course of History

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In 2022, Alain Aspect, John Clauser, and Anton Zeilinger were awarded the Nobel Prize for the first proof of quantum entanglement, a notion that Albert Einstein referred to as “spooky action at a distance.” This science first could massively impact the field of quantum computing, which uses quantum mechanics to solve problems that traditional computers can’t handle.

Many scientific discoveries other than this one have or have had the capacity to change the course of history. Among other things, they have extended human life, harnessed energy, and provided an understanding of the evolution of the universe. (Read about some accidental discoveries that have changed the world.)  

To assemble a list of discoveries that changed the course of history, 24/7 Tempo drew on a variety of scientific and general interest sources, including The Science Times, Famous Scientists, NASA, Discover Magazine, Smithsonian Magazine, Britannica, and PBS. This is not intended to be a comprehensive list, but a snapshot of discoveries or breakthroughs that we determined by editorial discretion, informed by the sources we consulted, to be of particular importance. We limited the number of discoveries concerning outer space because they have been covered in more detail in previous lists.

From revelations that influenced human health to technological advances to such universal basics as gravity and electricity, the discoveries on our list occurred across a variety of scientific fields. Some involved medicine and well-being, such as the discovery of penicillin. Others were biology-focused, while a number were made within the fields of physics and space. (These are the most important events in NASA’s history.)

The 1800s saw nine key discoveries, among them the principles behind the battery and the electric generator. Another 11 occurred during the 20th century, including nuclear fission and continental drift.

Click here to see famous scientific discoveries that changed history forever

The scientific method encourages continual experimentation on existing theories, which sometimes disproves or alters our understanding of earlier results. For example, Albert Einstein’s work on the theory of relativity challenged Isaac Newton’s earlier understanding of physics.

Hawaii Electric, PG&E, and the new climate risk to utilities

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— As utilities reel from higher rates, a new era in climate risk threatens a popular dividend
— All sustainable investments are not created equal. Or even similar, Mark Hulbert finds
— It’s not just private jets. Investments are the most harmful emissions of the super rich
— Looking for a compromise in solar imports as new U.S. tariffs set to hit next year
— A cargo ship with sails? Believe it. Introducing WindWings
— Rio Grande river joins list of important waterways drying up

The collapse in shares of Hawaiian Electric Industries $HE last week and the bankruptcy of California’s PG&E $PCG almost five years ago after its downed wires sparked deadly wildfires are driving home a new dynamic to utility investors just as demands for a new grid infrastructure reach a frenzy.

While the opportunities in rebuilding the nation’s grid of some 1,600 public and private utilities to expand renewable energy usage are enormous, the fires in California and now in Maui are stark reminders that a new era of climate risk tied to existing infrastructure is outpacing innovation.

The nation’s top utility funds are all down about 7% year-to-date, mostly because utilities tend to flourish in falling interest rate environments, which make their healthy dividends more attractive. With rates now rising, funds such as Fidelity Select Utilities (FSUTX), Franklin Utilities (FKUTX) and MFS Utilities (MMUFX) have underperformed. Shares of Consolidated Edison $ED , one of the nation’s largest utilities, are also down 7%, while PG&E shares are up 2% this year.

While ambitious investors might see this as a perfect buying opportunity for some utilities, the new era of wildfire risk to wind-blown utility poles certainly underscores the need for more rapid transition of these once plodding businesses. This is likely to come at the expense of consumers, both in higher rates and in potentially more blackouts as utilities try to avoid the next Maui-like crisis by cutting power to transmission lines during violent windstorms.

Investors should expect that any such transition will come with a period of rapid consolidation as well, all in all making the utilities sector over the next decade anything but boring.

The huge differences in funds calling themselves ‘sustainable’

. . . . Think all sustainable funds are the same? Think again. Mark Hulbert shows how the incredible diversity in sustainable strategies, definitions, and returns, proves that the sustainability sector is not even an investment category by standard definitions. The differences shouldn’t be surprising, Hulbert contends, as even the definition of what is sustainable itself depends on who is defining it. For investors, this means that choosing to be a sustainable investor is just a first step, not a last one. It’s still a stock-pickers market, even for sustainable funds. . .

Read the full column

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20 Famous Lakes That Are Going Dry

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A report published in Science in May forecast dire futures for the many of the largest and most famous lakes on our planet, more than half of which have lost vast amounts of water over the previous three decades.  

The lead author of the report was Fangfang Yao, a University of Virginia surface hydrologist and a visiting scholar at the Cooperative Institute for Research in Environmental Sciences at the University of Colorado Boulder. Yao and his colleagues utilized satellite observations from 1992 to 2020 to get estimates of area and water levels of nearly 2,000 freshwater bodies across the globe. They found that about 53% of the world’s lakes, regardless of hemisphere, have visibly shrunk, losing a total of about 22 billion metric tons of water a year over the 28-year time span. About one-fourth of the Earth’s population lives in areas with significant lake water losses.

Desiccation of lakes has been part of the natural order of things since the planet was formed. Lake water levels fluctuate due to natural climate variations in rain and melt from snowfall. But lakes have been drying up faster than usual in recent years for many reasons – among them climate change, which accelerates evaporation; prolonged drought; excessive water use; government mismanagement; and sedimentation. (These are the countries facing the worst climate emergencies.)

The results are many: a decrease not just in water quantity but also its quality, including more toxic algal blooms; dust storms throwing toxins into the air from exposed lake beds and a surge in wildfires in newly arid areas surrounding the lakes; a decline in aquatic life, depriving migratory birds of food; and the curtailment of water-dependent activities like fishing and recreation, which may in turn affect livelihoods.

To compile a list of rapidly drying lakes, 24/7 Tempo used numerous sources, including Earth Observatory, a NASA website sharing images and discoveries about the environment; the United States Geological Survey; and various news and scientific sites. We considered water level changes and hydrological trends to identify lakes most immediately in danger of running dry.

Click here to read about 20 famous lakes that are going dry

In addition to those bodies of water that are drying up, many lakes once vital to their environments, for both human and non-human purposes – among them Lake Poopó in Bolivia and Lake Sawa in Iraq – have already completely disappeared, drying entirely into dust bowls or salt flats, with sometimes devastating effects on their surroundings. In fact, another dry lake, Lake Owens in California was once the largest source of toxic dust in America, until mitigation efforts by the Department of Water & Power significantly reduced emissions. (These are the largest lakes in America.)

The huge differences in funds calling themselves ‘sustainable’

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(Mark Hulbert, an author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)

CHAPEL HILL, N.C. (Callaway Climate Insights) — Don’t fall into the common trap of thinking there’s little difference between the various mutual funds and ETFs in the sustainable investing category.

The trap traces to the assumption that the “sustainable investing” category is a well-defined asset class, containing stocks that exhibit similar risk and reward characteristics. If that were the case, then the primary investment decision that climate-friendly investors would have to make is how much to allocate to funds in the category.

That is not the case, however…

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This Week’s Good News for the Climate Crisis

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The almost daily drumbeat of climate-change news can be grim. Scientists at NASA’s Goddard Institute for Space Studies said this past July was hotter than any other month in the global temperature record. A report published in the journal Science in May said more than half of the world’s large lakes and reservoirs have shrunk since the early 1990s, chiefly due to climate change effects. Climate change may have played a role in the spread of the Maui wildfires that killed at least 99 people, as of this writing, the deadliest wildfire in U.S. history. (These are the worst natural disasters in U.S. history.)

But not all the climate news is dire. 24/7 Wall St. compiled seven of this week’s biggest climate stories from news outlets around the world. We hand-picked stories that are considered major wins in the struggle for climate justice by activists and local communities and governments. 

As of Aug. 1, the United States officially banned the manufacture and sale of incandescent light bulbs. The Biden administration approved the largest offshore wind project in the U.S. off the southern New Jersey coast. India is reportedly ahead of schedule to meet its carbon-intensity goal under the Paris Agreement, according to a United Nations report. American scientists at Lawrence Livermore National Laboratory achieved net energy gain in a fusion reaction for the second time. This raises hopes that the process can potentially produce a limitless, clean, and safe source of power to help combat climate change. (These are the U.S. wind farms generating the most electricity.)

See other good news for the climate crisis.

Happy Birthday, climate law! How many more will you celebrate?

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(Bill Sternberg is a veteran Washington journalist and former editorial page editor of USA Today.)

WASHINGTON, D.C. (Callaway Climate Insights) — After his surprise victory in the 2016 presidential race, Donald Trump resembled Robert Redford’s character in the movie “The Candidate,” who memorably turned to his political adviser after winning election and asked, “What do we do now?

Trump took office amid a policy vacuum, exacerbated by his baffling decision to push aside Chris Christie from his transition team and toss out the plan the former New Jersey governor had assembled. With the exception of the Federalist Society, which had a longstanding scheme to place right-wing judges on the Supreme Court, conservative groups were caught flat-footed by Trump’s upset win.

This time around, those groups are taking no chances, in the event the oft-indicted Trump or another Republican reclaims the White House in next year’s election. They’ve put together a detailed plan, called Project 2025, that would, among other things, dismantle the landmark climate law that President Joe Biden signed one year ago, on Aug. 16, 2022…

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America’s Most Popular Tourist Attractions, According to Data

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The United States is home to an estimated 35,000 museums, as well as thousands of state parks, hundreds of national park sites, and more than 600 amusement parks. With so many destinations and attractions to choose from, it may be hard to decide which ones are essential to visit. (But here are 30 experiences that should be on every American’s bucket list.)

Certain attractions, however, are undeniably more popular than others. To determine the most beloved American tourist attractions, 24/7 Tempo reviewed The Most Popular Tourist Attractions, a 2023 study by YouGov, an international market and data analytics website. The study ranked various tourist attractions based on fame and popularity – the latter defined as the percentage of survey participants who have a positive opinion of the attraction.

Click here to see America’s most popular tourist attractions, according to data

Some renowned attractions on the list are theme parks, monuments, and museums, including the Smithsonian Institution – the largest museum complex in the world – which encompasses 21 individual museums plus the National Zoo. The Smithsonian is one of many beloved sites in Washington, D.C, which dominates the list along with California and New York. (Disneyland and some other Disney theme parks score well on fame but surprisingly, for whatever reason, are all below 60% in popularity, so are not included here.)

A few architectural masterpieces like the Golden Gate Bridge and the Empire State Building see millions of visitors every year. But natural wonders also draw the crowds. Of the most popular attractions, ten are national parks, including the Grand Canyon and Yosemite, Glacier, and Yellowstone, all of which also attract millions of visitors annually. (These are the most-visited national parks in the U.S.)

Montana climate verdict a warning sign for banks, fund managers

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In today’s edition:

— Big Oil and Coal won’t be the only targets of future youth climate suits after Montana
— Crisis at the Panama Canal highlights failure of the Latin American climate talks
— Early Dubai summit called to shore up flagging climate finance ahead of COP28
— Tale of four cities: hitting record wildfire smoke levels since 2019
— Photo: What do you serve a the biggest gathering of brown bears of the year?
— Summer mosquito season is getting longer thanks to extreme heat

The unprecedented climate verdict for the Montana 16 this week will do more than shake up the legal departments of Big Oil and Big Coal. Banks and asset managers should be nervous as well.

A judge’s ruling that the state government violated the constitutional rights to a “clean and healthful environment” of 16 young men and women — one as young as five — by rubber-stamping oil and coal projects in Montana lays the groundwork for the youth movement to expand its legal reach.

Experts predict a series of similar suits off of this one, as young climate activists move from throwing paint and handcuffing themselves to state facilities to litigating against fossil fuel interests in court. But why stop there? Much of the latest ire coming from young environmental activists is directed at banks and asset managers for bankrolling the climate crisis.

In the past week, Greta Thunberg and a few others canceled appearances at the Edinburgh Book Festival in Scotland to protest the festival’s sponsor, Scottish fund manager Baillie Gifford. Other protests routinely target BlackRock $BLK and JPMorgan Chase $JPM in the U.S., though I saw few signs of protests in the lines outside the Chase Sapphire tent at the San Francisco music festival Outside Lands this past weekend.

Still, now that the young activists are armed with more than just paint and glue and can cause litigation hell for oil and gas supporters, we should expect to see an entirely new front in the war on oil. Investors may soon have to take sides.

Subscribe to Callaway Climate Insights to keep reading this post and get 7 days of free access to the full post archives.

The Most Partisan Issues in American Politics, Ranked

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Every U.S. president since Ulysses S. Grant has been either a Republican or a Democrat. Dominated by only two major parties for over a century and half, American politics has long been a breeding ground for partisanship. While some level of political polarization can be a feature of a healthy democracy, the growing divide between the left and right in recent years has itself become one of the biggest problems facing the country. 

Today, Americans are far more likely to have negative perceptions of those with differing political opinions than they were even a couple of years ago. One study, conducted by the Pew Research Center, found that the share of Republicans who see Democrats as dishonest and immoral climbed from 45% to 72% and 47% to 72%, respectively, between 2016 and 2022. Similarly, the share of Democrats who see Republicans as dishonest and immoral went from 42% to 64% and 35% to 63% over the same period. 

Political gridlock in Washington is one symptom of America’s partisan divisions, as lawmakers are less likely to seek compromise now than they have been in decades. Another recent Pew study, which surveyed Americans of different party affiliations on 16 major issues facing the country, highlights just how deep these political divisions go. (Here is a look at Biden’s approval rating in every state.)

Using data from a June 2023 Pew survey, 24/7 Wall St. identified the biggest issues in America with the largest partisan divide. The 16 issues on this list are ranked by the gap between Democratic and Republican leaning voters who see them as a “very big problem.”

The two issues with the largest partisan divide are climate change and illegal immigration. Illegal immigration is one of the most important issues for right-of-center voters, with 70% Republicans and Republican-leaning independents see it as a “very big problem.’ Meanwhile, only 25% of their Democratic counterparts do. 

Similarly, 64% of Democrats see climate change as a very big problem, more than four times the 14% share of Republicans who do. (Here is a look at the states where carbon emissions are rising fastest.)

Notably, one area on which similar shares of voters from both parties agree is partisanship itself. The ability of the two parties to work together is seen as a very big problem by 62% of Democrats and 63% of Republicans.

Click here to see the most partisan issues in American politics.

Book Review: ‘A Woman in the Polar Night’

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(John Maxwell Hamilton, a former foreign correspondent who has covered the environment, is the Hopkins P. Breazeale Professor of Journalism at Louisiana State University, and a Global Fellow in the Woodrow Wilson International Center for Scholars.)

WASHINGTON, D.C. (Callaway Climate Insights) — Every summer brings heaps of recommendations for books to read at the beach. But what if it is too hot to go to the beach or too hot to do anything outdoors? An Arizona friend of mine says his frisky cats balk at going out to play these days. My doctor sent all his patients a note on how to avoid heatstroke.

With such thoughts on my mind as I headed out on vacation in Europe, which isn’t much better when it comes to extreme heat, I packed an old book recommended long ago by a British friend. When I opened it, I found myself transported to a subzero adventure that held me spellbound.

Christiane Ritter’s “A Woman in the Polar Night” is an autobiographical account of her year-long stay in Spitsbergen, an island in the Svalbard archipelago. The island lies between mainland Norway and the North Pole. It is one of the most northern inhabited places on the planet.

The book, first published in German in 1938, became a best seller in Europe and remains in print in English and other languages. But it is not as well remembered as it should be.

Christiane Ritter was an Austrian housewife who had no experience as an adventurer and no idea what she was getting into. Her account begins almost comically. She decides to leave her comfortable home to join her husband, Hermann, who has been in the Arctic since he was part of a scientific expedition a few years before.  She imagines herself reading books, sleeping a lot, and darning socks.

A far different reality sets in quickly and as stunningly as an arctic snowstorm. Their hut, the size of a large-ish closet, is a “bleak, square box, completely covered in black roofing felt. A few boards, nailed higgledy-piggledy over the felt, provide the only light touch in all the blackness.” The stove is rickety. Soot billows out of it, making a mess of the cleaning she tries to do. If this is not enough to rattle the sensitivities of an upper middle-class woman who had enjoyed plenty of room to herself and the help of servants, a third person, Karl, lives with them. This is Hermann’s friend and a fellow hunter.

They have some provisions but must rely largely on what they kill. Her first seal dinner — she was told to cook the liver first — is a trial for her. But soon such dishes are a feast. The threesome sometimes come worryingly close to running out of food. When the sun comes out in the spring, they celebrate with “a whole spoonful of honey with our coffee and cold seal.”

The closest neighbor is 60 miles away. When Karl and Hermann go out to trap arctic foxes or kill food, Christiane is alone, sometimes for weeks. When snow covers their flimsy home and new storms keep coming, she must excavate the entrance each day. “At last,” she writes of a foray during this grim period, “I get the coal into the hut, crawling along like a dog on all fours and trailing the sleigh behind me…. Outside storm and surf are pounding, and the sharp wind blows through the walls. And so it goes on for days, immutable.”

Yet Ritter falls in love with these northern climes. She celebrates living close to the land and counts the small blessings of a fox that hangs around the hut and of the enameled tub the two men fish out of the Ice Fjord so she could bathe. She appreciates the cramped room that Hermann and Karl attached to the hut to give her some privacy.

Describing a boat trip, she writes, “We are seized by an over-brimming sense of happiness in our worldwide freedom, in the complete absence of restraint.”

Ritter had training as an artist. The Pushcart Press version of her book is adorned with simple line drawings. Thirty of her watercolors are in a Svalbard museum. See some of them here.

And her phrases hang like paintings in her book. For example, this passage about the morning twilight: “The whole sky is deep lilac, lightening into a tender cobalt blue at the horizon, over the sea of ice. From the east a pale-yellow brightness spreads, and the frozen sea, reflecting the heavenly colours, shines like an immense opal.”

A bit of mystery pervades the story and adds to its interest. Why did Hermann leave Christiane and their teenage daughter for so long? In the Polar Night, they seem to have a warm, mutually respectful relationship. Also, why didn’t the talented Christiane write another book?

A little more of Hermann’s story is told in another volume. Although Christiane does not say so in her account, her husband was an officer in the German merchant fleet and pressed into service as captain of a German naval vessel during the war. According to the author of “The war in North-East Greenland,” he was a secret pacifist and sought to undermine Germany’s effort to control weather stations in Greenland.

We know Christiane Ritter returned to Austria with a heightened sense of equanimity. When the family’s estate burned to the ground, her daughter said, she took it in stride, no mourning. She died in 2000 at the age of 103.

“Perhaps in centuries to come,” Ritter wrote in “A Woman in the Polar Night,” “men will go to the Arctic as in biblical times they withdrew to the desert, to find the truth again.”

After I read the last page of the book, I reflected on the truths that lie in that frosty polar realm today. The verities have perhaps changed. The news as I traveled home was, “The North Atlantic has warmed almost beyond the most extreme predictions of climate models.” In Antarctica, currently in winter, ice formation is well below the norm. The consequence will be accelerated rising sea levels, which will consume more of the temperate beaches that sun lovers have long cherished.

There is no escaping this hot summer.

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