Here are the headlines you Need2Know for Monday, August 9, 2021:

'CODE RED FOR HUMANITY'

The Earth’s climate is probably going to blow past the level of warming that scientists had hoped to prevent sometime in the 2030s, according to a landmark climate report from the UN. The report from the Intergovernmental Panel on Climate Change, based on 14,000 scientific studies and approved by 195 countries, found that the planet has already warmed 1.1 degrees Celsius in the last century and a half and 1.5C of warming is already locked in, even if the world’s top polluters started drastically cutting emissions right now. Humanity can still prevent the worst-case scenarios if countries are able to stop adding carbon dioxide to the atmosphere by 2050. NY TIMES

THE TORCH PASSES

The strange 2020 Tokyo Olympics are in the books, and the 2024 Paris Games are just 1,088 days away. The Games ended pretty much as they started, inside a nearly empty stadium that served as a reminder of the pandemic raging outside. Still, these Olympics can be considered a success if for no other reason than they didn’t appear to serve as a superspreader event. If your Olympic fever is still going strong, the Beijing Winter Games are less than six months away. NBC NEWS

OLYMPIC HERSTORY

For the seventh Olympics in a row, Team USA came out on top in the medal count, with 39 golds and 113 overall. China was second with 38 and 88, respectively. U.S. women dominated the podium this year, bringing home 66 medals or 58.4 percent of the country's total haul -- including golds in track cycling, basketball and indoor volleyball on the last day of competition. Team USA’s biggest disappointment was the men’s track team, which leaves Tokyo without a single solo gold for the first time in modern history. USA TODAY

DELTA LATEST

U.S. COVID deaths are back above 500 a day for the first time in months as the Delta wave shows no signs of peaking yet. Pediatric hospitals in Florida are reporting shortages of ICU beds. Austin, Tex. activated its emergency alert system to warn that the situation has turned “dire,” with six ICU beds left for a city of 2.4 million people. Dr. Fauci says he is hopeful the FDA will grant full approval to at least one of the vaccines by the end of the month, which he expects will spur a wave of vaccine mandates at businesses and schools. AXIOS

WILDFIRES

U.S.: The Dixie Fire is now the second-biggest in California history, closing in on 500,000 acres burned and counting. The conditions on the ground are not expected to improve anytime soon. The smoke from the 107 fires burning across 15 states led to an air-quality reading in Denver of 167 over the weekend, making it the worst of any major city in the world. CNN

GREECE: Wildfires have been raging out of control in Greece for a week, forcing residents from their homes and leading to the evacuation of the entire island of Evia. The fires are so intense that they’re causing the water from hoses and airplanes to evaporate before reaching the inferno. The heat wave broiling southern Europe is expected to be the worst in decades. AFP

TALIBAN OFFENSIVE

Afghanistan is now firmly in the process of falling to the Taliban after the militant group seized a handful of northern provincial capital cities over the weekend, including the strategic hub of Kunduz on Sunday. The U.S. military withdrawal is more or less complete, but American warplanes are still conducting airstrikes in support of the Afghan government. Those are set to end on Aug. 31 on President Biden’s orders. AL JAZEERA

IN MEMORIAM: BOBBY BOWDEN

Bobby Bowden, the legendary college football coach who turned FSU into a powerhouse on the gridiron, died over the weekend. He was 91. Bowden transformed Florida State into one of the most dominant teams of the 1990s with nine straight conference titles and a pair of national championships. He was the second-winningest coach in NCAA history with 357 wins, behind the late Joe Paterno. OBIT

JAZZ FEST CALLED

New Orleans’ famous Jazz Fest has been cancelled again, and will now take place next spring. The event was called off last year, then bumped to the fall this year, and will revert to its normal spring slot in 2022 after missing two years. Louisiana is the fifth-least vaccinated state and is currently leading the country in terms of new COVID cases. NOLA.COM

SPOTTED...

…Former President Barack Obama, dancing at his "downsized" 60th birthday bash in Martha’s Vineyard. Attendees included John Legend, Beyoncé and Jay-Z, Gayle King, Bradley Cooper and Tom Hanks: SEE PICS

LEFTOVERS: O.J. ON L.A. 

O.J. Simpson says he won’t ever return to Los Angeles because he fears he could run into the people who killed his ex-wife. In a typically tone deaf interview with The Athletic, Simpson said: “I have trouble with L.A...I might be sitting next to whoever did it. I really don’t know who did this.” The disgraced former football player also revealed that he had a severe case of COVID last year and he thought he may die. He didn’t, and remains in Las Vegas where lives off his SAG and NFL pensions and plays golf “four or five times a week.” PFT

Listen to the N2K Podcast! Looking for more context and analysis on the big stories of the day? Check out our podcast! Hosts Jill and Carlo break down the headlines, every weekday morning Listen on Apple or Spotify, or watch on YouTube, and send us your feedback!

Share:
More In Culture
AT&T Investors Digest WarnerMedia Spinoff Merger With Discovery for $43 Billion
AT&T announced earlier today it is spinning off its media properties in WarnerMedia in a merger with Discovery in a $43 billion deal.Scott Rostan, founder and CEO at Training The Street, joined Cheddar to talk about what the unwinding of the telecom giant's Time Warner media properties means for investors. "I think the investor sentiment is they're digesting the new information, and they're looking into the dividend, especially the reduction of the dividend," said Rostan, noting the transaction allows AT&T to focus on its core telecommunications business.
Energy Storage Solutions Company Leclanché Powers EV Fleets to Reduce Emissisions
A 2021 report from UK Research and Innovation found that the shipping industry makes up at least 2.5 percent of the world's total CO2 emissions. It's a problem that energy solutions company, Leclanché, is trying to solve. Founded in 1909, the company has been developing and producing batteries for more than 100 years. Today, Leclanché's lithium-ion battery is used to electrify not just ships, but also railroad locomotives, trucks, and specialty vehicles. Cheddar News spoke with Pierre Blanc, chief technology and industrial officer of Leclanché, to discuss.
Amazon Funds Amogy to Commercialize Ammonia-Powered Cargo-Shipping Vessels, Decarbonize Transportation
Amazon is betting that ammonia could be the fuel of the future, participating in a Series A round for the Brooklyn-based company Amogy in December. Amogy aims to de-carbonize transportation with a clean energy system that uses ammonia as a renewable fuel. Amogy is partnering with Amazon on its first commercial product - an ammonia-powered cargo-shipping vessel. Amogy CEO Seonghoon Woo joins Cheddar Climate to discuss.
FedEx Announces Student Ambassador Program With Historically Black Colleges & Universities
One of the world's largest transport companies is kicking off Black History Month with a new initiative aimed at the next generation of business leaders. Today, FedEx announced the launch of its Student Ambassador Program. Participants selected from eight historically black colleges and universities will receive career guidance from FedEx executives. The program is part of FedEx's ongoing commitment to HBCUs and will also help the company expand its pipeline for diverse talent. Cheddar News welcomes senior vice president at FedEx, Jenny Robertson, and Jerryl Briggs, President of Mississippi Valley State University, to discuss.
'Sing 2' Takes Top Spot From 'Spider-Man' at UK Box Office
"Sing 2" has overthrown "Spider-Man: No Way Home" as the number one film at the UK box office. The animated sequel brought in $8.1 million, in just its two first weekends. However, "No Way Home" is still on track to beat "Avatar" as the number one grossing movie of all time.
First Black CEO of Big Brothers Big Sisters of America on Empowering Youth With NFL
Big Brothers Big Sisters of America has been a driving force for youth mentorship since 1904. The nonprofit organization is launching its annual Big Draft campaign this month in partnership with the NFL, and Artis Stevens, the first Black CEO of Big Brothers Big Sisters of America, joined Cheddar to discuss the push for adding more "Bigs" as mentors on his one-year anniversary leading the non-profit organization. "While the NFL is recruiting and drafting more players, they're also helping us to draft more mentors and, particularly, men all the way from across February to all the way to April of this year," Stevens explained.
Supreme Court To Hear Challenge To Affirmative Action
The Supreme Court will reconsider race-based affirmative action in college admissions. The court will examine admissions policies at Harvard University and The University of North Carolina Chapel Hill, which count the race of applicants as a factor in admissions. The court has upheld affirmative action policies in the past, saying it helps to create more diverse student bodies. However, the conservative Supreme Court could be skeptical and even possibly hostile to such policies. Nick Anderson, Higher Education Writer, Washington Post joined Cheddar's Opening Bell to discuss.
Crypto Prices Plummet, Wiping Out $1 Trillion In Global Value
The value of most cryptocurrencies have plummeted in recent months since reaching all-time highs in November, wiping out more than $1 trillion in value globally. The steep crash has some talking about the possibility of a crypto winter, a term referring to a prolonged bearish period where asset prices persistently fall over many months. This all comes as the Fed is expected to raise interest rates, and the Biden administration is working on an executive order to regulate Bitcoin and other assets. Josh Goodbody, COO of Qredo, joined Cheddar's Opening Bell to discuss the crypto crash, and how the industry might recover from it.
Streaming Giants Struggle to Retain Subscribers Following Big Releases
Recent data reveals that streaming giants are struggling to retain subscribers in the months following a major release. According to data from Antenna, subscriber trends show that users will subscribe to a given streaming service just to watch a particular show, and then cancel those subscriptions shortly after. This comes as the streaming space continues to heat up as new entrants crowd the space. Jon Christian, Founding Partner + Digital Supply Chain Leader at OnPrem joined Cheddar's Opening Bell to discuss.
Load More