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Handful of student-loan borrowers got debt wiped out in court since reforms – Business Insider

  1. Handful of student-loan borrowers got debt wiped out in court since reforms Business Insider
  2. If you can’t afford your federal student loan bills, you’ve got a 12-month grace period if you don’t pay. Here’s what that means Fortune
  3. The Stock Market Is No Fun When Student Loan Payments Are About to Restart The Wall Street Journal
  4. Borrowers Face Major Problems As Student Loan Payments Resume In Weeks Forbes
  5. Student Loans Payment Resume: Key dates you must consider now that student loan payments are restarting Marca English
  6. View Full Coverage on Google News

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Stock market wiped $500 billion-plus from media sector this year — here’s what happens next

The media industry has battled a tumultuous 2022.

Rising costs, debt-ridden balance sheets, and a renewed focus on profitability weighed on the embattled sector as investors quickly punished companies struggling to turn a profit.

Netflix (NFLX) shares are down about 50% on the year, while companies like Warner Bros. Discovery (WBD) and Spotify (SPOT) have sunk more than 60% with Roku (ROKU) plummeting a whopping 80%.

Cable operators Fox (FOX) and Comcast (CMCSA) dropped roughly 20% and 30%, respectively, as Paramount Global (PARA) shares plunged more than 45%.

Disney (DIS), once a Wall Street darling, also slid 45% on the year, and the stock is heading toward its worst year since 1947 after the much-anticipated “Avatar” sequel missed opening weekend expectations to cap off a challenging year for the House of Mouse.

In this year alone, the stock market wiped a whopping $500 billion-plus in market capitalization from the world’s biggest media, cable, and entertainment companies with more pain expected in 2023 amid higher interest rates and an unfavorable macroeconomic environment.

So, what exactly happened — and what could happen next?

Wall Street’s profit push: ‘Time to be a real company’

2022 was a clear “soul searching” year for media after the industry experienced a bumpy ride throughout the pandemic with record highs and jarring lows.

As the “stay at home” trade ran its course, peak subscriber penetration levels in the U.S. and Canada resulted in streaming companies quickly seeing growth flatten.

Netflix, the long-time leader of the streaming wars, lost subscribers for the first time in its history as its market cap sank from more than $267 billion at the end of 2021 to roughly $130 billion.

Similarly, NBCUniversal’s Peacock experienced zero growth in its second quarter, although subscribers rebounded in Q3 with 2 million net additions.

Stalling subscriber growth has led to heightened criticism of production budgets, which have sharply increased as competition intensifies. Netflix committed $18 billion to content alone in 2022 while Disney upped its budget by $8 billion this year to $33 billion.

Among companies that have begun to pivot from linear to streaming (excluding platforms like Netflix, Amazon, and Apple), direct-to-consumer content spending jumped from $2.7 billion in 2019 to $15.6 billion in 2021, according to Wells Fargo data, cited by Variety.

That number is expected to balloon to nearly $24 billion this year — despite mounting streaming losses.

Disney’s direct-to-consumer division shed a whopping $4 billion-plus in its fiscal 2022, which ended on October 1. Meanwhile Paramount told investors streaming losses would total about $1.8 billion this year — higher than Wall Street expectations.

Warner Bros. Discovery, which has seen its market cap cut in half amid its messy restructuring efforts, reported free cash flow of negative $192 million in the third quarter, compared to $705 million in positive cash flow the year prior. The company now plans to take on $3.5 billion in content impairment and development write-offs by 2024.

Ad-supported ‘pivotal’ for industry

Amid the race to profitability, advertising has become one potential bright spot for investors — despite the global slowdown in ad spending.

Netflix and Disney jumped on the ad-supported bandwagon this year, joining Warner Bros. Discovery’s HBO Max, NBCUniversal’s Peacock, and Paramount Global’s Paramount+.

Netflix rolled out its $6.99 offering in November, while Disney+ followed one month later at a price point of $7.99. Wall Street analysts remain largely bullish on the profitability aspects of ad tiers, while advertising experts have referred to the debuts as a make-or-break moment for the media industry.

“It is absolutely a pivotal moment for the industry,” Kevin Krim, CEO of advertising measurement platform EDO, previously told Yahoo Finance.

“I think what we have learned as an industry is that there’s a limit to the number of consumers out there that will pay,” Krim said. “Advertising is a really smart way to subsidize those subscription fees.”

Industry experts agree offering lower-cost, ad-supported options serve as an important hedge against churn — something all streamers want to avoid amid increased competition.

“I’m a big fan of giving consumers an option for an ad tier,” Jon Christian, EVP of digital media supply chain at Qvest, the largest media & entertainment-focused consulting company, told Yahoo Finance.

Christian added data will be a big driver (and potential money maker) when it comes to more targeted advertising in 2023: “Data can drive up the pricing of the different ads they’re pushing on the platform.”

Still, the benefits of ad-supported will likely take time to mature.

Netflix’s ad tier already appears to be undergoing some serious growing pains — including reports of insufficient sign-ups and failed viewership guarantees. Analysts, however, caution it’s still early days.

Analysts eye next media merger

Coupled with a greater focus on content spend and advertising, investors should also expect more media merger activity next year.

Wells Fargo analyst Steve Cahall wrote in a recent note: “Our 2023 predictions indicate Media and Cable sectors reacting to generally harder times, both cyclical and structural. Tough times mean tough decisions.”

Possible acquisition targets in 2023 and beyond include the embattled Warner Bros. Discovery.

Lionsgate’s film and TV studio, which the entertainment giant plans to spin off into a separate company, will also be for sale, while AMC Networks (AMCX) continues to undergo a restructuring that could result in an acquisition.

Needham’s Laura Martin wrote in a recent client note Paramount could be attractive to unload, while smaller players like WWE (WWE), Curiosity Stream (CURIW), and Chicken Soup for the Soul (CSSE) will likely sell due to their size.

Disney CEO Bob Iger, who returned to the media conglomerate to much fanfare in November, will also face a slew of decisions — including what to do with notable assets like Hulu (sell it to Comcast?) and sports behemoth ESPN (spin it off?).

Layoffs, hiring freezes hit big media

Layoffs hit media giants like CNN in profitability push

Amid greater profitability concerns, media giants have enacted mass layoffs and hiring freezes in an attempt to stop the bleeding. More than 3,000 jobs have been cut through October this year, according to data from Challenger, Gray & Christmas, cited by Axios.

Netflix laid off about 150 positions of the streamer’s 11,000 workforce in May, blaming the headcount reduction on “slowing revenue growth” and a greater depletion in spending.

Earlier this month, Warner Bros. Discovery revealed prominent Discovery executives will be exiting the company after it axed CNN+, nixed more CNN staffers and slashed 14% of its HBO Max workforce this year.

So far, the company has eliminated a reported 1,000-plus jobs across units as WBD CEO David Zaslav doubles down on restructuring efforts, which have also included scrapped projects and programs.

Paramount Global began to cut jobs in November, targeting its ad sales group, according to Deadline, while AMC Networks (AMCX) announced plans to lay off about 20% of its U.S. workforce amid CEO Christina Spade’s exit.

AMC Chairman James Dolan reportedly told employees the network has struggled to offset cable declines as cord cutting accelerates, referencing the company’s owned-streaming entities like AMC+ and horror platform Shudder.

Similarly, Comcast’s cable unit made job cuts in November, while Roku (ROKU) slashed 200 jobs, or 5% of its workforce, shortly after its third quarter earnings results.

Theatrical comeback still TBD

Avatar: The Way of Water

The theatrical industry continued to recover from pandemic losses in 2022 — although whether a complete comeback will be made remains to be seen.

Films like “Top Gun: Maverick” broke records, while Marvel’s “Black Panther: Wakanda Forever” and “Doctor Strange in the Multiverse of Madness” easily nabbed $100 million-plus domestic openers.

Still, Disney’s “Avatar: The Way of Water” secured just $134 million in domestic markets over its three-day opening weekend, missing expectations and sending Disney shares to their lowest level since March 2020.

Despite the miss, theater executives championed the debut, surmising the movie will steadily add box office dollars over the holidays and well into 2023.

Streaming giants have embraced the theatrical, as well, with Netflix’s “Knives Out: Glass Onion” enjoying a successful limited theatrical release over Thanksgiving week, while Amazon will reportedly invest $1 billion to produce 12 to 15 movies a year exclusively for theaters.

Overall, the domestic box office is estimated to bring roughly $7.4 billion for the year, according to Box Office Pro. Although that number still lags pre-pandemic figures by about 30%, there is hope that next year’s more beefed-up release schedule will help close the gap.

Alexandra is a Senior Entertainment and Media Reporter at Yahoo Finance. Follow her on Twitter @alliecanal8193 and email her at alexandra.canal@yahoofinance.com

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Early Life on Mars May’ve Wiped Out Early Life on Mars, a New Study Suggests : ScienceAlert

Life might have wiped itself out on early Mars. That’s not as absurd as it sounds; that’s sort of what happened on Earth.

But life on Earth evolved and persisted, while on Mars, it didn’t.

Evidence shows Mars was once warm and wet and had an atmosphere. In the ancient Noachian Period, between 3.7 billion and 4.1 billion years ago, Mars also had surface water. If this is correct, Mars may have been habitable (though that doesn’t necessarily mean it was inhabited.)

A new study shows that early Mars may have been hospitable to a type of organism that thrives in extreme environments here on Earth. Methanogens live in places like hydrothermal vents on the ocean floor, where they convert chemical energy from their environment and release methane as a waste product. The study shows that methanogens may have thrived underground on Mars.

The study is “Early Mars habitability and global cooling by H2-based methanogens.” It’s published in Nature Astronomy, and the senior authors are Regis Ferrière and Boris Sauterey. Ferrière is a professor in the University of Arizona Department of Ecology and Evolutionary Biology, and Sauterey is a former postdoctoral fellow in Ferrière’s group who is now at the Sorbonne.

“Our study shows that underground, early Mars would very likely have been habitable to methanogenic microbes,” Ferrière said in a press release. However, the authors are clear that they’re not saying that life definitely existed on the planet.

The paper says that the microbes would’ve thrived in the porous, briny rock that sheltered them from UV radiation and cosmic rays. The underground environment would’ve also provided a diffuse atmosphere and a moderated temperature that allowed methanogens to persist.

The researchers focused on hydrogenotrophic methanogens, which take in H2 and CO2 and produce methane as waste. This type of methanogenesis was one of the earliest metabolisms to evolve on Earth. However, its “…viability on early Mars has never been quantitatively evaluated,” the paper says.

Until now.

There’s a critical difference between ancient Mars and Earth regarding this research. On Earth, most hydrogen is tied up in water molecules, and very little is on its own. But on Mars, it was abundant in the planet’s atmosphere.

That hydrogen could’ve been the energy supply early methanogens needed to thrive. That same hydrogen would’ve helped trap heat in Mars’ atmosphere, keeping the planet habitable.

“We think Mars may have been a little cooler than Earth at the time, but not nearly as cold as it is now, with average temperatures hovering most likely above the freezing point of water,” Ferrière said.

“While current Mars has been described as an ice cube covered in dust, we imagine early Mars as a rocky planet with a porous crust, soaked in liquid water that likely formed lakes and rivers, perhaps even seas or oceans.”

On Earth, water is either salt water or fresh water. But on Mars, that distinction may not have been necessary. Instead, all of the water was briny, according to spectroscopic measurements of Martian surface rocks.

The research team used models of Mars’ climate, crust, and atmosphere to evaluate methanogens on ancient Mars. They also used a model of an ecological community of Earthlike microbes that metabolize hydrogen and carbon.

By working with these ecosystem models, the researchers were able to predict whether methanogen populations were able to survive. But they went further; they were able to predict what effect these populations had on their environment.

“Once we had produced our model, we put it to work in the Martian crust – figuratively speaking,” said the paper’s first author, Boris Sauterey.

“This allowed us to evaluate how plausible a Martian underground biosphere would be. And if such a biosphere existed, how it would have modified the chemistry of the Martian crust, and how these processes in the crust would have affected the chemical composition of the atmosphere.”

“Our goal was to make a model of the Martian crust with its mix of rock and salty water, let gases from the atmosphere diffuse into the ground, and see whether methanogens could live with that,” said Ferrière. “And the answer is, generally speaking, yes, these microbes could have made a living in the planet’s crust.”

The question became, how deep would you have to go to find it? It’s a question of balance, according to the researchers.

While the atmosphere held abundant hydrogen and carbon the organisms could’ve used for energy, Mars’ surface was still cold. Not frozen like it is today, but much colder than modern Earth.

The microorganisms would’ve benefited from the warmer temperatures underground, but the deeper you go, the less hydrogen and carbon are available.

“The problem is that even on early Mars, it was still very cold on the surface, so microbes would have had to go deeper into the crust to find habitable temperatures,” Sauterey said.

“The question is how deep does the biology need to go to find the right compromise between temperature and availability of molecules from the atmosphere they needed to grow? We found that the microbial communities in our models would have been happiest in the upper few hundreds of meters.”

They would’ve remained nestled in the upper crust for a long time. But as the microbe communities persisted, taking in hydrogen and carbon and releasing methane, they would’ve changed the environment.

The team modeled all of the above and below-ground processes and how they would’ve influenced each other. They predicted the resulting climatic feedback and how it changed Mars’ atmosphere.

The team says that over time, the methanogens would’ve initiated a global climatic cooling as they changed the atmosphere’s chemical makeup. The briny water in the crust would’ve frozen to greater and greater depths as the planet cooled.

That cooling would’ve eventually made Mars’ surface uninhabitable. As the planet cooled, the organisms would’ve been driven further underground, away from the cold.

But the porosity in the regolith would’ve become plugged by ice, blocking the atmosphere from reaching those depths, and starving the methanogens of energy.

“According to our results, Mars’ atmosphere would have been completely changed by biological activity very rapidly, within a few tens or hundreds of thousands of years,” Sauterey said. “By removing hydrogen from the atmosphere, microbes would have dramatically cooled down the planet’s climate.”

Each row represents the freezing point for a different type of brine. The orange color scale represents elevation. The superimposed white-shaded areas correspond to the surface ice’s probability. (Boris Sauterey and Regis Ferrière)

The result? Extinction.

“The problem these microbes would have then faced is that Mars’ atmosphere basically disappeared, completely thinned, so their energy source would have vanished, and they would have had to find an alternate source of energy,” Sauterey said.

“In addition, the temperature would have dropped significantly, and they would have had to go much deeper into the crust. For the moment, it is very difficult to say how long Mars would have remained habitable.”

The researchers also identified places on the Martian surface where future missions have the best chances of finding evidence of the planet’s ancient life.

“Near-surface populations would have been the most productive ones, therefore maximizing the likelihood of biomarkers preserved in detectable quantities,” the authors write in their paper. “The first few meters of the Martian crust are also the most easily accessible to exploration given the technology currently embarked on Martian rovers.”

According to the researchers, Hellas Planitia is the best place to look for evidence of this early underground life because it remained ice-free. Unfortunately, that region is home to powerful dust storms and unsuitable for rover exploration. According to the authors, if human explorers ever visit Mars, then Hellas Planitia is an ideal exploration site.

Life on ancient Mars is no longer a revolutionary idea and hasn’t been one for a long time. So the more interesting part of this research might be how early life changed its environment. That happened on Earth and led to the development of more complex life after the Great Oxygenation Event (GOE.)

Early Earth was inhabited by simple lifeforms, too. But Earth was different; organisms evolved a new pathway to harness energy. There was no oxygen in Earth’s early atmosphere, and Earth’s first inhabitants thrived in its absence. Then along came cyanobacteria, which use photosynthesis for energy and produce oxygen as a by-product.

Cyanobacteria liked oxygen, and Earth’s first tenants didn’t. The cyanobacteria grew in mats that created a region of oxygenated water around themselves in which they thrived.

Eventually, cyanobacteria oxygenated the oceans and atmosphere until Earth became toxic to other life. Methanogens and Earth’s other early life can’t handle oxygen.

Scientists don’t quite call the death of all those primitive organisms an extinction, but the word comes close. Some ancient microbes or their descendants survive on modern-day Earth, driven into oxygen-poor environments.

But that was Earth. On Mars, there was no evolutionary leap into photosynthesis or something else that led to a new way to acquire energy. Eventually, Mars cooled and froze and lost its atmosphere. Is Mars dead now?

It’s possible that Martian life found refuge in isolated locations in the planet’s crust.

A 2021 study used modeling to show that there might be a source of hydrogen in Mars’ crust, one that replenishes itself. The study showed that radioactive elements in the crust could break apart water molecules by radiolysis, making hydrogen available to methanogens. Radiolysisysis has allowed isolated communities of bacteria in water-filled cracks and pores in Earth’s crust to persist for millions, possibly even billions of years.

And the Deep Carbon Observatory found that life buried in Earth’s crust contains up to 400 times the carbon mass of all humans. The DCO also found that the deep subsurface biosphere is almost twice the volume of the world’s oceans.

Could there still be life in Mars’ crust, feeding on hydrogen created by radiolysis? There are puzzling detections of methane in the atmosphere that are still unexplained.

Many scientists think that the subsurface of Mars is the most likely place in the Solar System to harbor life, besides Earth, of course. (Sorry, Europa.) Maybe it does, and maybe we’ll find it one day.

This article was originally published by Universe Today. Read the original article.

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The asteroid that wiped out the dinosaurs caused a ‘megatsunami’

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Sixty-six million years ago, a nearly nine-mile-wide asteroid collided with Earth, sparking a mass extinction that wiped out most dinosaurs and three-quarters of the planet’s plant and animal species. Now we’re learning that the so-called Chicxulub asteroid also generated a massive “megatsunami” with waves more than a mile high.

A study, published in AGU Advances, recently allowed scientists to reconstruct the asteroid’s impact. Scientists were able to estimate the extreme effects of the collision, which included a global tsunami that brought flooding around the world.

In addition to helping piece together details about the end of the dinosaurs, researchers said the findings offered insight into the geology of the end of the Cretaceous period.

“This was a global tsunami,” said Molly Range, a scientist at the University of Michigan and the study’s corresponding researcher. “All of the world did see this.”

NASA reports smashing success with asteroid redirection test

Following the asteroid’s impact, there would be extreme rises in water level in two phases, the team found: the rim wave and subsequent tsunami waves.

“If you just dropped a rock in a puddle, there’s that initial splash; that’s the rim wave,” Range said.

These rim waves could have reached an inconceivable height of one mile — and that’s before the tsunami really gets going, the paper estimates.

“Then you see a wedge effect with the water being pushed symmetrically away [from the impact site],” Range said, noting that the Chicxulub asteroid struck in the Gulf of Mexico just north of what’s presently the Yucatán Peninsula.

After the first 10 minutes post-impact, all of the airborne debris associated with the asteroid stopped falling into the Gulf and displacing water.

“It had calmed down enough and the crater had formed,” Range said. That’s around the time the tsunami began racing across the ocean at the speed of a commercial jetliner.

“The continents looked a little bit different,” Range said. “Most of the East Coast of North America and the north coast of Africa easily saw 8 meter-plus waves. There was no land between North and South America, so the wave went into the Pacific.”

Range compared the episode to the infamous Sumatra Tsunami in 2004 that followed a magnitude 9.2 earthquake on the west coast of northern Sumatra. More than 200,000 people perished.

The megatsunami more than 60 million years ago had 30,000 times more energy than what occurred in 2004, Range said.

To simulate the megatsunami, the team of scientists used a hydrocode — a three-dimensional computer program that models the behavior of fluids. Hydrocode programs work by digitally breaking the system into a series of small Lego-like blocks, and then calculating forces acting on it in three dimensions.

The researchers drew on previous research and assumed the meteor had a diameter of 8.7 miles and a density of about 165 pounds per cubic foot — roughly the weight of an average adult male crammed within a volume the size of a milk crate. That means the entire asteroid probably weighed about two quadrillion pounds — that’s a 2 followed by 15 zeros.

After the hydrocode produced a simulation of the initial stages of impact and first 10 minutes of the tsunami, the modeling was turned over to a pair of NOAA-developed models to handle tsunami propagation throughout the global oceans. The first was called MOM6.

“Initially we started using the MOM6 model that is an all-purpose ocean model, not just a tsunami model,” Range said. The team was forced to make assumptions about the bathymetry, or shape and slope of the sea floor, as well as the ocean’s depth and the structure of the asteroid crater. That information, along with the tsunami waveform from the hydrocode model, were pumped into MOM6.

In addition to building a model, the study researchers reviewed geologic evidence to study the tsunami’s path and power.

Range’s co-author, Ted Moore, found evidence of major disruptions in the layering of sediment at plateaus in the ocean and coastlines at more than 100 sites, supporting results from the study’s model simulations.

The modeling predicted tsunami flow velocities of 20 centimeters per second along most shorelines worldwide, more than sufficient to disturb and erode sediment.

The researchers said the geologic findings added confidence to their model simulations.

Going forward, the team hopes to learn more about how much flooding accompanied the tsunami.

“We’d like to look at inundation, which we didn’t do with just this current work,” Range said. “You really need to know the bathymetry and the topography.”

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Almost 70% of animal populations wiped out since 1970, report reveals | Wildlife

Earth’s wildlife populations have plunged by an average of 69% in just under 50 years, according to a leading scientific assessment, as humans continue to clear forests, consume beyond the limits of the planet and pollute on an industrial scale.

From the open ocean to tropical rainforests, the abundance of birds, fish, amphibians and reptiles is in freefall, declining on average by more than two-thirds between 1970 and 2018, according to the WWF and Zoological Society of London’s (ZSL) biennial Living Planet Report. Two years ago, the figure stood at 68%, four years ago, it was at 60%.

Many scientists believe we are living through the sixth mass extinction – the largest loss of life on Earth since the time of the dinosaurs – and that it is being driven by humans. The report’s 89 authors are urging world leaders to reach an ambitious agreement at the Cop15 biodiversity summit in Canada this December and to slash carbon emissions to limit global heating to below 1.5C this decade to halt the rampant destruction of nature.

The Living Planet Index combines global analysis of 32,000 populations of 5,230 animal species to measure changes in the abundance of wildlife across continents and taxa, producing a graph akin to a stock index of life on Earth.

Latin America and the Caribbean region – including the Amazon – has seen the steepest decline in average wildlife population size, with a 94% drop in 48 years. Tanya Steele, chief executive at WWF-UK, said: “This report tells us that the worst declines are in the Latin America region, home to the world’s largest rainforest, the Amazon. Deforestation rates there are accelerating, stripping this unique ecosystem not just of trees but of the wildlife that depends on them and of the Amazon’s ability to act as one of our greatest allies in the fight against climate change.”

A set of graphs showing the decline in biodiversity since 1970 across the 5 world regions

Africa had the second largest fall at 66%, followed by Asia and the Pacific with 55% and North America at 20%. Europe and Central Asia experienced an 18% fall. The total loss is akin to the human population of Europe, the Americas, Africa, Oceania and China disappearing, according to the report.

“Despite the science, the catastrophic projections, the impassioned speeches and promises, the burning forests, submerged countries, record temperatures and displaced millions, world leaders continue to sit back and watch our world burn in front of our eyes,” said Steele. “The climate and nature crises, their fates entwined, are not some faraway threat our grandchildren will solve with still-to-be-discovered technology.”

She added: “We need our new prime minister to show the UK is serious about helping people, nature and the economy to thrive, by ensuring every promise for our world is kept. Falling short will be neither forgotten nor forgiven.”

A young lion looks towards the city skyline in Nairobi national park. Lions are listed as vulnerable on the IUCN red list, with perhaps as few as 23,000 left in the wild. Photograph: Tony Karumba/AFP/Getty Images

Leading nature charities have accused Liz Truss of putting the economy before nature protection and the environment, and are concerned rare animals and plants could lose their protections when her promise of a “bonfire” of EU red tape happens later this year.

The report points out that not all countries have the same starting points with nature decline and that the UK has only 50% of its biodiversity richness compared with historical levels, according to the biodiversity intactness index, making it one of the most nature-depleted countries in the world.

Land use change is still the most important driver of biodiversity loss across the planet, according to the report. Mike Barrett, executive director of science and conservation at WWF-UK, said: “At a global level, primarily the declines we are seeing are driven by the loss and fragmentation of habitat driven by the global agricultural system and its expansion into intact habitat converting it to produce food.”

The researchers underscore the increased difficulty animals are having moving through terrestrial landscapes as they are blocked by infrastructure and farmland. Only 37% of rivers longer than 1,000km (600 miles) remain free-flowing along their entire length, while just 10% of the world’s protected areas on land are connected.

Future declines are not inevitable, say the authors, who pinpoint the Himalayas, south-east Asia, the east coast of Australia, the Albertine Rift and Eastern Arc mountains in eastern Africa, and the Amazon basin among priority areas.

The IUCN is also developing a standard to measure the conservation potential of an animal, known as its green status, which will allow researchers to plot a path to recovery for some of the one million species threatened with extinction on Earth. The pink pigeon, burrowing bettong and Sumatran rhino were highlighted as species with good conservation potential in a study last year.

A wild pink pigeon – identified as a species that could benefit from conservation efforts – at Black River Gorges national park in Mauritius. Photograph: Mauritius Wildlife Photography/Alamy

Robin Freeman, head of the indicators and assessments unit at ZSL, said it was clear that humanity is eroding the very foundations of life, and urgent action is needed. “In order to see any bending of the curve of biodiversity loss … it’s not just about conservation it’s about changing production and consumption – and the only way that we are going to be able to legislate or call for that is to have these clear measurable targets that ask for recovery of abundance, reduction of extinction risk and the ceasing of extinctions at Cop15 in December.”

Find more age of extinction coverage here, and follow biodiversity reporters Phoebe Weston and Patrick Greenfield on Twitter for all the latest news and features



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Asteroid that wiped out the dinosaurs also triggered a global tsunami

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When a city-size asteroid slammed into Earth 66 million years ago, it wiped out the dinosaurs – and sent a monster tsunami rippling around the planet, according to new research.

The asteroid, about 8.7 miles (14 kilometers) wide, left an impact crater about 62 miles (100 kilometers) across near Mexico’s Yucatan peninsula. In addition to ending the reign of the dinosaurs, the direct hit triggered a mass extinction of 75% of animal and plant life on the planet.

When the asteroid hit, it created a series of cataclysmic events. Global temperatures fluctuated; plumes of aerosol, soot and dust filled the air; and wildfires started as flaming pieces of material blasted from the impact re-entered the atmosphere and rained down. Within 48 hours, a tsunami had circled the globe – and it was thousands of times more energetic than modern tsunamis caused by earthquakes.

Researchers set out to gain a better understanding of the tsunami and its reach through modeling. They found evidence to support their findings about the path and power of the tsunami by studying 120 ocean sediment cores from across the globe. A study detailing the findings published Tuesday in the journal American Geophysical Union Advances.

It’s the first global simulation of the tsunami caused by the Chicxulub impact to be published in a peer-reviewed scientific journal, according to the authors.

The tsunami was powerful enough to create towering waves more than a mile high and scour the ocean floor thousands of miles away from where the asteroid hit, according to the study. It effectively wiped away the sediment record of what happened before the event, as well as during it.

“This tsunami was strong enough to disturb and erode sediments in ocean basins halfway around the globe, leaving either a gap in the sedimentary records or a jumble of older sediments,” said lead author Molly Range, who began working on the study as an undergraduate student and completed it for her master’s thesis at the University of Michigan.

Researchers estimate that the tsunami was up to 30,000 times more energetic than the December 26, 2004 Indian Ocean tsunami, one of the largest on record, that killed more than 230,000 people. The energy of the asteroid impact was at least 100,000 times larger than the Tonga volcanic eruption earlier this year.

Brandon Johnson, study coauthor and an associate professor at Purdue University, used a large computer program called a hydrocode to simulate the first 10 minutes of the Chicxulub impact, including the formation of the crater and the beginning of the tsunami.

He included the size of the asteroid and its speed, which was estimated to be moving at 26,843 miles per hour (43,200 kilometers per hour) when it hit the granite crust and shallow waters of the Yucatan peninsula.

Less than three minutes later, rocks, sediments and other debris pushed a wall of water away from the impact, creating a 2.8 mile (4.5 kilometer) tall wave, according to the simulation. This wave subsided as exploded material fell back to Earth.

But as the debris fell, it created even more chaotic waves.

Ten minutes after impact, a ring-shaped wave about a mile high began traveling across the ocean in all directions from a point that was located 137 miles (220 kilometers) away from the impact.

This simulation was then entered into two different global tsunami models, MOM6 and MOST. While MOM6 is used to model deep ocean tsunamis, MOST is part of tsunami forecasting at the National Oceanic and Atmospheric Administration’s Tsunami Warning Centers.

Both models delivered almost the exact same results, creating a timeline of the tsunami for the research team.

An hour after impact, the tsunami had travel beyond the Gulf of Mexico into the North Atlantic Ocean. Four hours post-impact, the waves passed through the Central American Seaway and into the Pacific Ocean. The Central American Seaway once separated North and South America.

Within 24 hours, the waves entered the Indian Ocean from both sides after traveling across the Pacific and Atlantic oceans. And by 48 hours after impact, large tsunami waves had reached most of Earth’s coastlines.

The underwater current was strongest in the North Atlantic Ocean, the Central American Seaway and the South Pacific Ocean, exceeding 0.4 miles per hour (643 meters per hour), which is strong enough to blast away sediments on the ocean floor.

Meanwhile, the Indian Ocean, North Pacific, the South Atlantic and the Mediterranean were shielded from the worst of the tsunami, with lesser underwater currents.

The team analyzed information from 120 sediments that largely came from previous scientific ocean-drilling projects. There were more intact sediment layers in the waters protected from the tsunami’s wrath. Meanwhile, there were gaps in the sediment record for the North Atlantic and South Pacific oceans.

The researchers were surprised to find that sediment on the eastern shores of New Zealand’s north and south islands had been heavily disturbed with multiple gaps. Initially, scientists thought this was because of the activity of tectonic plates.

But the new model shows the sediments being directly in the pathway of the Chicxulub tsunami, despite being 7,500 miles (12,000 kilometers) away.

“We feel these deposits are recording the effects of the impact tsunami, and this is perhaps the most telling confirmation of the global significance of this event,” Range said.

While the team didn’t estimate the tsunami’s impact on coastal flooding, the model shows that the North Atlantic coastal regions and South America’s Pacific coast were likely hit with waves taller than 32.8 feet (20 meters). The waves only grew as they neared the shore, causing flooding and erosion.

Future research will model the extent of global flooding after the impact and how far inland the tsunami’s effects could be felt, according to study coauthor and University of Michigan professor and physical oceanographer Brian Arbic.

“Obviously the greatest inundations would have been closest to the impact site, but even far away the waves were likely to be very large,” Arbic said.

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Section of Sanibel Causeway wiped out by Hurricane Ian

Photojournalist Douglas R. Clifford and I left our hotel room in Fort Myers late Wednesday night and have been searching the area and assessing the damage from Hurricane Ian.

A section of the causeway leading to Sanibel is gone, wiped out by the powerful Category 4 storm.

Related: THURSDAY LIVE UPDATES: Tampa Bay wakes up after Hurricane Ian’s landfall

Here are our dispatches from Lee County:

11:52 a.m.: “There’s barely anything left”

In Fort Myers Beach, emergency officials expect to find bodies in the rubble. They know people did not all heed the evacuation orders, which began Monday. Jennifer Campbell, the local fire marshall, walked through town with a colleague Thursday, surveying the damage and shutting off gas lines.

“Absolute devastation,” she said. “There’s barely anything left.”

4:15 a.m.: Section of causeway to Sanibel is wiped out

An alarm bleats endlessly at the tollbooth for the Sanibel Causeway. Step just beyond it, and the road soon gives way. Where the bridge rises from the mainland toward the island, one of the first sections of the span has disappeared. Crumbled pavement lies near the water’s edge. The rest of the bridge stretches forward, unreachable.

2 a.m.: Pavement leading to Sanibel folded up like an accordion

JUST BEFORE THE SANIBEL CAUSEWAY — Under the toll plaza sign — 1/2 a mile out — McGregor Road to Sanibel Island is impassable.

The pavement is folded up like an accordion, ripped to ribbons by a powerful storm surge. Nearby, a spiral staircase was deposited in the brush next to a white pickup. The storm flung a boat trailer and other debris, too.

Sand was strewn in sheets across the pavement — sea bottom on solid land. Waves lapped at the shore, just steps away.

Two cars tried to pass out to the island about 1:30 a.m., including a group of young men hoping to reach their friend.

They had to turn around.

The pavement just before the causeway to Sanibel is folded up like an accordion, ripped to ribbons by a powerful storm surge. [ Douglas R. Clifford | Times ]
Just before the Sanibel Causeway, a spiral staircase was deposited in the brush next to a white pickup as Hurricane Ian went through the area. [ Doug Clifford ]

12:30 a.m.: Downtown Fort Myers badly flooded

FORT MYERS — Building alarms blared through the wind still rustling downtown shortly before midnight. Shin-high, gray water rippled down First Street outside the United States Courthouse. Small pieces of trash drifted in the current.

One store off First Street suffered a shattered front window. A dress hung in the display, flapping in the wind. Nearby, what might have been chunks of a seawall lay along the road — hulking pieces of foam covered with a hard exterior, scarred by barnacles.

Businesses in downtown Fort Myers suffered damage from Hurricane Ian. [ DOUGLAS R. CLIFFORD | Times ]

A few pickup trucks were stuck on the road out to Fort Myers Beach and Sanibel Island. One of the drivers had boats to check on.

The water was still too high.

Water still filled some streets in neighborhoods off McGregor Boulevard, southwest of the city center. It drifted halfway up the poles of white mailboxes.

Businesses in downtown Fort Myers suffered damage from Hurricane Ian. [ DOUGLAS R. CLIFFORD | Times ]

A few houses shone out of complete blackness, generators humming.

Felled branches — and some whole trees — littered the lawns.

Some downtown blocks had power, strange aberrations with bright lights — a few empty bars, a house of pizza.

A pickup truck navigates a flooded section of First Street outside of the United States Courthouse in downtown Fort Myers on Wednesday, Sep 28, 2022, where storm surge continued to inundate Lee County long after the eye wall passed into central Florida. [ DOUGLAS R. CLIFFORD | Times ]

10 p.m.: ‘It was just blasting us for hours.’

CAPE CORAL — Hours after Hurricane Ian made landfall near Caya Costa, this city that once rose improbably from wetlands was pitch black Wednesday night.

Related: Wednesday live updates: Hurricane Ian punishes Florida with devastating winds, storm surge

John Renas, 42, surveyed his yard with two of his children, their headlamps darting over knee-high floodwater.

”It was just blasting us for hours,” said Renas, who has lived in the area since he was 16.

Brianna Renas, 17, inspects a fallen palm tree outside her home at Santa Barbara Boulevard and SE 39th Street Terrace in Cape Coral after riding out Hurricane Ian with her family on Wednesday in Cape Coral. [ DOUGLAS R. CLIFFORD | Times ]

They never really considered evacuating for Ian, he said.

The surge climbed to the edge of their house at the corner of Santa Barbara Boulevard and SE 39th Terrace. The wind was equally terrifying, shaking and lifting the eaves.

Related: Photos show the devastating impact of Hurricane Ian

For hours, Renas said, it felt like the wind was going to suck out the doors. He held onto one, he said, and his son, Zak Irwin, clutched the other.

”The howling, just something I’ll never forget,” Renas said.

”Like cars revving their engines,” said daughter Brianna Renas, 17.

”Or a plane flying overhead,” Irwin said.

A displaced boat sits beside the roadway in the southeast corner of Cape Coral on Wednesday night as the winds of Hurricane Ian continue to buffet the flood-soaked streets. [ DOUGLAS R. CLIFFORD | Times ]

Renas said his 12-year-old daughter was having fun at first, treating shelter-in-place like a camping trip. Then she looked outside and saw the floodwaters creeping closer. She started to cry.

Murky brown seawater still soaked their front and side yards around 9:30 p.m. It lapped against a toppled palm tree, beside which Renas’ daughter usually waits for the school bus.

About 100 yards up the street, a white car lay abandoned in the road, water up to the floorboards.

”Next time they tell us to evacuate,” Renas said, “I’ll leave.”

• • •

2022 Tampa Bay Times Hurricane Guide

ROAD CLOSURES: What to know about bridges, roads as Hurricane Ian approaches.

HOW TO TALK TO KIDS ABOUT THE HURRICANE: A school mental health expert says to let them know what’s happening, keep a routine and stay calm.

WHAT TO EXPECT IN A SHELTER: What to bring — and not bring — plus information on pets, keeping it civil and more.

WHAT TO DO IF HURRICANE DAMAGES YOUR HOME: Stay calm, then call your insurance company.

SAFEGUARD YOUR HOME: Storms and property damage go hand in hand. Here’s how to prepare.

IT’S STORM SEASON: Get ready and stay informed at tampabay.com/hurricane.

RISING THREAT: Tampa Bay will flood. Here’s how to get ready.

DOUBLE-CHECK: Checklists for building all kinds of hurricane kits

PHONE IT IN: Use your smartphone to protect your data, documents and photos.

SELF-CARE: Protect your mental health during a hurricane.

• • •

PART 1: The Tampa Bay Times partnered with the National Hurricane Center for a revealing look at future storms.

PART 2: Even weak hurricanes can cause huge storm surges. Experts say people don’t understand the risk.

PART 3: Tampa Bay has huge flood risk. What should we do about it?

INTERACTIVE MAP: Search your Tampa Bay neighborhood to see the hurricane flood risk.

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The dinosaurs were not wiped out by an asteroid 66 million years ago

Was an asteroid really responsible for the death of the dinosaurs? (Getty)

Around 66 million years ago, a giant asteroid smashed into our planet, unleashing a terrible firestorm that blotted out the sun and killed the dinosaurs.

Or did it? A new study has thrown doubt on the theory that the dinosaurs were wiped out solely by a mountain-sized asteroid – instead pointing the finger at volcanoes.

Researchers believe that huge, continent-spanning ‘flood basalt’ eruptions are what caused the mass extinction – and others in Earth’s history.

The presence of an asteroid just made things worse, they said.

Their study, published in the Proceedings of the National Academy of Sciences (PNAS), claims volcanic activity appears to have been the key driver of mass extinctions.

Read more; Ancient remains could rewrite history of human intelligence

In fact, a particular kind of volcanic activity may also explain other mass extinctions in history, the researchers said.

Co-author Brenhin Keller, an assistant professor of earth sciences at Dartmouth College in New Hampshire, said: “All other theories that attempted to explain what killed the dinosaurs, including volcanism, got steamrolled when the Chicxulub impact crater was discovered.”

But, he added, there is very little evidence of similar impact events that coincided with the other mass extinctions despite decades of exploration.

Keller said: “While it is difficult to determine if a particular volcanic outburst caused one particular mass extinction, our results make it hard to ignore the role of volcanism in extinction.”

The researchers found that four out of five mass extinctions happened at the same time as a type of volcanic outpouring called a flood basalt.

These eruptions flooded vast areas – even an entire continent – with lava in a mere million years, the blink of a geological eye.

They left behind giant fingerprints as evidence – extensive regions of step-like, igneous rock (solidified from the erupted lava) that geologists call “large igneous provinces”.

To count as “large”, an igneous province must contain at least 100,000 cubic kilometres of magma.

Read more: Mysterious “rogue planet” could be even weirder than we thought

For context, the 1980 eruption of Mount St. Helens involved less than one cubic kilometre of magma.

A series of eruptions in present-day Siberia triggered the most destructive of the mass extinctions about 252 million years ago, releasing a gigantic pulse of carbon dioxide into the atmosphere and nearly choking off all life.

Bearing witness are the Siberian Traps, a large region of volcanic rock roughly the size of Australia.

Volcanic eruptions also rocked the Indian subcontinent around the time of the great dinosaur die-off, creating what is known today as the Deccan plateau. This, much like the asteroid strike, would have had far-reaching global effects, blanketing the atmosphere in dust and toxic fumes, asphyxiating dinosaurs and other life in addition to altering the climate on long time scales.

The researchers compared the best available estimates of flood basalt eruptions with periods of drastic species kill-off in the geological timescale, including but not limited to the five mass extinctions.

Paul Renne, professor-in-residence of earth and planetary science at University of California, Berkeley, said: “Our results indicate that in all likelihood there would have been a mass extinction at the Cretaceous tertiary boundary of some significant magnitude, regardless of whether there was an impact or not, which can be shown more quantitatively now.

“The fact that there was an impact undoubtedly made things worse.”

The eruption rate of the Deccan Traps in India suggests that the stage was set for widespread extinction even without the asteroid, lead author Theodore Green said.

Green, who conducted this research as part of the senior fellowship program at Dartmouth and is now a graduate student at Princeton, added that the impact was the double-whammy that loudly sounded the death knell for the dinosaurs.

Flood basalt eruptions aren’t common in the geologic record, Green said. The last one of comparable but significantly smaller scale happened about 16 million years ago in the US Pacific Northwest.

“While the total amount of carbon dioxide being released into the atmosphere in modern climate change is still very much smaller than the amount emitted by a large igneous province, thankfully,” Keller said, “we’re emitting it very fast, which is reason to be concerned.”

Watch: Dinosaur tracks appear after drought in Texas

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Meteorite that wiped out the dinosaurs ‘instantly’ ignited forest fires thousands of miles from impact, scientists find

THE apocalyptic meteorite that wiped out the dinosaurs instantly ignited forest fires thousands of kilometres from its impact zone, scientists have discovered.

The roughly six-mile-wide object struck the Yucatan peninsula in what is now Mexico at the end of the Cretaceous Period 66million years ago.

1

The meteorite that wiped out the dinosaurs exploded with the power of 10billion atomic bombsCredit: Getty

Its devastating impact brought the reign of the dinosaurs to an abrupt end by triggering their sudden mass extinction.

It also killed off almost three-quarters of the plant and animal species then living on Earth, scientists say.

Debate has surrounded the circumstances behind the devastating wildfires known to have been caused by the strike.

Until now, there had been several theories as to how and when they started, and the extent of their impact.

By analysing rocks dating to the time of the strike, a team of scientists from the UK, Mexico and Brazil has discovered that some of the fires broke out within minutes, at most, of the impact.

Areas impacted by the glazes stretch up to 2,500km (1,553 miles) or more from where Earth was hit.

In a newly published study, the team said wildfires that broke out in coastal areas were short-lived, as the backwash from the mega-tsunami caused by the impact swept charred trees offshore.

And by studying the fossilised tree bark, they discovered that fires had already begun by the time the trees were washed away soon after the initial impact.

They concluded that this was either due to a fireball of epic magnitude, or by the heat from droplets of melted rock falling back through the atmosphere in the immediate aftermath of impact.

Professor Ben Kneller, from the University of Aberdeen’s School of Geosciences, is among the co-authors of the latest study.

He said: “Until now, it has not been clear whether the fires were caused as a direct result of the impact or subsequently, as vegetation killed by the post-impact darkness caused by the debris thrown up into the atmosphere was set ablaze by things such as lightning strikes.

“We were able to apply a unique combination of chemical, isotopic, palaeontological, palaeobotanical, chemical and spectroscopic techniques, along with geological mapping, firstly to confirm that the rocks we analysed date precisely from the impact.

“We then analysed fossilised bark still attached to the tree trunks to determine the extent of the burning, finding that the bark was already charred as the trees were washed away by the impact-related tsunami.

“This shows that the fires must have begun within minutes, at most, of impact.

“Ultimately our research confirms how and when these devastating fires were begun and paints a vivid and quite terrifying picture of what happened in the immediate aftermath of the meteorite strike.”

The study was supported by Shell Brazil under the Brazilian Government’s Science without Borders programme, and published in the journal Scientific Reports.

It involved scientists from the Autonomous University of Mexico, Federal University of Rio Grande do Sul, University of Leeds and University of Manchester.

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