UN Climate Report Deemed ‘Code Red for Humanity’ and More News

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The most comprehensive report from the UN climate panel shows window closing to address climate change. Plus: home prices climb fastest in 17 years, 15 CEOs get $100 million bonuses, male and female brains proved equally smart.

Climate change withered tree and dry earth.
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UN climate report: “The code red for humanity”

It has been eight years, since 2013, that the United Nations’ Intergovernmental Panel on Climate Change (IPCC) has released a major review of the science of climate change. It’s latest comprehensive report was released on Monday, and shows the world has warmed 1.1 degrees Celsius higher than preindustrial levels, the BBC reported. According to the report, the world is on track to exceed 1.5°C by 2030 and reach +2° C warming between 2050-2060.

UN Secretary-General António Guterres, in a statement, called the report “code red for humanity.”

Among the key findings are:

The report found the following key events:

– The past five years have been the warmest on record since 1850.

– The Global surface temperature was 1.09C higher in the 10-year period between 2011-2020 than between the 50-year period of 1850-1900.

-The rate of sea-level rise in recent years has nearly tripled compared with 1901-1971.

Michael E. Mann, who was a lead author of the IPCC’s 2001 report, told CNN: “Bottom line is that we have zero years left to avoid dangerous climate change–because it’s here.”

The highest-paid CEOs you’ve never heard of got awards of $100 million or more last year

You’ve probably heard of the highest-paid CEO, Elon Musk of Tesla, whose salary last year was $6,658,803,818. And you probably heard of the #8 highest paid CEO, Tim Cook of Apple, who took home $265,043,550 last year. But you likely haven’t heard of the other eight CEOs who will round out the top ten of the highest-paid executives.

#2 is Mike Pykosz of Oak Street Health who earned $568,442,024 and #3 is Trevor Bezdek of GoodRx Holdings at $497,838,903 and #4 is Douglas Hirsch of GoodRx Holdings at $497,836,647, #5 is Eric Wu of Opendoor Technologies at $388,713,679. Oak Street Health has two other executives in the top ten: COO Geoffrey Price at #7 who took home $356,271,777 and CMO Griffin Myers at #9 who pocketed $221,354,227.

In addition, at least 15 company leaders earned awards worth $100 million or more last year at companies such as Restoration Hardware, Paycom Software Inc., and JPMorgan Chase & Co, according to Bloomberg.

Study finds no meaningful difference in male and female brains

For hundreds of years, some have argued that biology determines the roles that men and women are suited for because our brains are simply different. But a new study published recently in the journal Neuroscience & Behavioral Reviews by Professor of neuroscience at Rosalind Franklin University, Lise Eliot, analyzed three decades of brain research taken mostly from postmortem studies and fMRIs. The study found that, while male brains, on average, are roughly 11 percent larger than female brains, when it comes to smarts – there is essentially no meaningful cognitive difference between male and female brains, Bloomberg reported.

US home prices surged by 17%, the fastest 17 years

The latest data on US home prices found that they have surged 17 percent in May, representing the largest increase in 17 years, ABC reported. It beat the previous jump of 15% which occurred in April. The rapid growth comes as demand for housing is outpacing the supply of available homes. Prices are even higher in some markets, including Phoenix (up 25.9%) San Diego (+ 24.7%) and Seattle (+ 23.4%).