Show an ad over header. AMP

I am the FIRST

Nearly a year's worth of rain fell in 6 days in parts of Australia

Rainfall is easing in some parts of Australia Tuesday, but many rivers continue to rise in the wake of nearly a year's worth of rainfall that fell in just six days in areas of New South Wales and Queensland.

Why it matters: The flooding is the latest in a string of extreme weather disasters that have struck Australia in the past year. The country has careened from drought and devastating wildfires to unusually heavy rains and flooding not seen in decades.


  • More heavy rain is still forecast on Tuesday for southeastern Queensland and northeastern New South Wales, as well as the south coast of New South Wales, according to the Bureau of Meteorology.
  • As a low pressure area intensifies and moves south to the Tasman Sea, heavy rains are also expected in Tasmania, where up to 8 inches is forecast, along with strong winds.

The big picture: Australia is ground zero for emerging impacts of climate change, from heat waves and wildfires and flooding. Scientific studies have established clear ties between increasingly common and heavy rainfall events and a warming ocean and atmosphere.

  • As temperatures increase, the amount of moisture the air can hold also climbs.

What they're saying: “For many communities dealing with floods right now, this is the latest in a line of climate change-exacerbated extreme weather events they have faced, including drought, the Black Summer bushfires, and scorching heatwaves,” said Climate Council spokesman and climate scientist Will Steffen.

The bottom line: The government of Prime Minister Scott Morrison has resisted citing climate change as one of the causes of this disaster.

Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

Keep reading... Show less

Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

Keep reading... Show less

Scoop: Amazon quietly getting into live audio business

Amazon is investing heavily in a new live audio feature that's similar to other live audio offerings like Clubhouse, Twitter Spaces and Spotify's new live audio platform, sources tell Axios.

Why it matters: As with Amazon's efforts in podcasting and music subscriptions, the company sees live audio as a way to bolster the types of content it can offer through its voice assistant, Alexa, and its smart speaker products.

Keep reading... Show less

Hurricane Ida exposes America's precarious energy infrastructure

The powerful hurricane that plunged New Orleans into darkness for what could be weeks is the latest sign that U.S. power systems are not ready for a warmer, more volatile world.

The big picture: “Our current infrastructure is not adequate when it comes to these kinds of weather extremes,” Joshua Rhodes, a University of Texas energy expert, tells Axios.

Keep reading... Show less

"We must go further": 70% of adults in European Union are fully vaccinated

About 70% of adults in the European Union are fully vaccinated against COVID-19, Ursula von der Leyen, the president of the European Commission, said Tuesday.

Why it matters: The milestone makes the E.U. one of the world's leaders in inoculations, after an initially lagging vaccine campaign, the New York Times notes.

Keep reading... Show less

What Elizabeth Holmes jurors will be asked ahead of fraud trial

Jury selection begins today in USA v. Elizabeth Holmes, with the actual jury trial to get underway on Sept. 8.

Why it matters: Theranos was the biggest fraud in Silicon Valley history, putting both hundreds of millions of dollars and thousands of patients' health at risk.

Keep reading... Show less

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories