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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Environmentglobal warming

We all just lived through the second hottest May in 30 years as Antarctic sea ice reached a record low

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Laura Millan Lombrana
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June 7, 2023, 10:33 AM ET
A couple (names not given) sitting in deckchairs enjoying the warm weather in Scarborough as the UK could see the hottest day of the year so far this bank holiday weekend, with temperatures expected to reach as high as 24C. Picture date: Friday May 26, 2023.
A couple (names not given) sitting in deckchairs enjoying the warm weather in Scarborough as the UK could see the hottest day of the year so far this bank holiday weekend, with temperatures expected to reach as high as 24C. Picture date: Friday May 26, 2023.Danny Lawson/PA Images via Getty Images
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The global temperatures in May were the second-warmest in the past three decades as polar ice continues to melt, according to a monthly report by Europe’s Earth observation agency Copernicus.

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The area covered by sea ice in Antarctica last month touched a new low — third time to happen this year —  and was 17% below average for the period between 1979 and 2023. It also coincided with unprecedented temperatures over all oceans that aren’t covered by ice, the report said.

“We are seeing the El Niño signal continuing to emerge in the equatorial Pacific,” said Samantha Burgess, deputy director of the Copernicus Climate Change Service. “The average temperature over all ice-free seas for May 2023 was higher than for any other May.” 

El Niño is a weather-changing event that’s driven by anomalies in ocean water temperatures. It disrupts wind and rainfall patterns, as well as changes ocean and land temperatures across the planet. Forecasters see growing odds that El Niño emerges in coming months, peaking around December or January. 

In southern Europe, May was wetter than the average between 1991 and 2020, with heavy rains leading to floods in Italy and the western Balkans. Still, drier-than-average conditions were recorded over most of the Iberian Peninsula, as well as Denmark, the Baltic countries, southern Scandinavia and much of western Russia. 

Elsewhere, the month was drier than average over large regions of North America, the Horn of Africa, southern Africa, South America, Australia and east and southeast Asia. Parts of Canada, Africa and southeast Asia were significantly warmer than average.

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