"Dire as it is, the latest IPCC report is actually too optimistic," writes Slashdot reader Dan Drollette. "It ignores the risk of self-reinforcing climate feedbacks pushing the planet into chaos beyond human control. So says a team of climate experts, including the winner of the 1995 Nobel for his work on depletion of the ozone layer." From their article: These cascading feedbacks include the loss of the Arctic's sea ice, which could disappear entirely in summer in the next 15 years. The ice serves as a shield, reflecting heat back into the atmosphere, but is increasingly being melted into water that absorbs heat instead. Losing the ice would tremendously increase the Arctic's warming, which is already at least twice the global average rate. This, in turn, would accelerate the collapse of permafrost, releasing its ancient stores of methane, a super climate pollutant 30 times more potent in causing warming than carbon dioxide.

By largely ignoring such feedbacks, the IPCC report fails to adequately warn leaders about the cluster of six similar climate tipping points that could be crossed between today's temperature and an increase to 1.5 degrees -- let alone nearly another dozen tipping points between 1.5 and 2 degrees. These wildcards could very likely push the climate system beyond human ability to control. As the UN Secretary General reminded world leaders last month, "We face an existential threat. Climate change is moving faster than we are.⦠If we do not change course by 2020, we risk missing the point where we can avoid runaway climate change, with disastrous consequences."
In related news, a court in The Hague "has upheld a historic legal order on the Dutch government to accelerate carbon emissions cuts, a day after the world's climate scientists warned that time was running out to avoid dangerous warming. Appeal court judges ruled that the severity and scope of the climate crisis demanded greenhouse gas reductions of at least 25% by 2020 -- measured against 1990 levels -- higher than the 17% drop planned by Mark Rutte's liberal administration. The ruling -- which was greeted with whoops and cheers in the courtroom -- will put wind in the sails of a raft of similar cases being planned around the world, from Norway to New Zealand and from the UK to Uganda."

Meanwhile, a new article in GQ cites estimates that more than 70 percent of global emissions come from just 100 companies, complaining that "there is no 'free market' incentive to prevent disaster."

Douglas Rushkoff, long-time open source advocate (and currently a professor of Digital Economics at the City University of New York, Queens College), is calling Universal Basic Incomes "no gift to the masses, but a tool for our further enslavement." Uber's business plan, like that of so many other digital unicorns, is based on extracting all the value from the markets it enters. This ultimately means squeezing employees, customers, and suppliers alike in the name of continued growth. When people eventually become too poor to continue working as drivers or paying for rides, UBI supplies the required cash infusion for the business to keep operating. When it's looked at the way a software developer would, it's clear that UBI is really little more than a patch to a program that's fundamentally flawed. The real purpose of digital capitalism is to extract value from the economy and deliver it to those at the top. If consumers find a way to retain some of that value for themselves, the thinking goes, you're doing something wrong or "leaving money on the table."

Walmart perfected the softer version of this model in the 20th century. Move into a town, undercut the local merchants by selling items below cost, and put everyone else out of business. Then, as sole retailer and sole employer, set the prices and wages you want. So what if your workers have to go on welfare and food stamps. Now, digital companies are accomplishing the same thing, only faster and more completely.... Soon, consumers simply can't consume enough to keep the revenues flowing in. Even the prospect of stockpiling everyone's data, like Facebook or Google do, begins to lose its allure if none of the people behind the data have any money to spend. To the rescue comes UBI.

The policy was once thought of as a way of taking extreme poverty off the table. In this new incarnation, however, it merely serves as a way to keep the wealthiest people (and their loyal vassals, the software developers) entrenched at the very top of the economic operating system. Because of course, the cash doled out to citizens by the government will inevitably flow to them.... Under the guise of compassion, UBI really just turns us from stakeholders or even citizens to mere consumers. Once the ability to create or exchange value is stripped from us, all we can do with every consumptive act is deliver more power to people who can finally, without any exaggeration, be called our corporate overlords... if Silicon Valley's UBI fans really wanted to repair the economic operating system, they should be looking not to universal basic income but universal basic assets, first proposed by Institute for the Future's Marina Gorbis... As appealing as it may sound, UBI is nothing more than a way for corporations to increase their power over us, all under the pretense of putting us on the payroll. It's the candy that a creep offers a kid to get into the car or the raise a sleazy employer gives a staff member who they've sexually harassed. It's hush money.
Rushkoff's conclusion? "Whether its proponents are cynical or simply naive, UBI is not the patch we need."

There's now a giant, inflatable rat covered in crypto code across from the Federal Reserve. An anonymous reader quotes Fortune: The bitcoin rat, first noted on Reddit, was created by Nelson Saiers, an artist and former hedge fund manager, according to Coindesk. The art installation, which appeared earlier this week and is temporary, is intended as much as a tribute to bitcoin's creator Satoshi Nakamoto as much as it is a condemnation of the Fed and critics of cryptocurrencies. "The sculpture's supposed to kind of reflect the spirit of Satoshi and what he's trying to do," Saiers told Coindesk, who noted the rat image was inspired in part by another titan of traditional finance. "Warren Buffett called bitcoin 'rat poison squared' but if the Fed's a rat, then maybe rat poison is a good thing," he said... "This is a very iconic image for protest," Saiers told blockchain news site Breaker. "Somewhere in the heart of bitcoin is a bit of protest of big bank bailouts."

That idea appeared to be lost on some Redditors, who claimed they spotted the bitcoin rat in the wilds of Wall Street but didn't immediately see its significance. "I walked past it today," one wrote. "Had no idea it was about Bitcoin."

"It's cool, but people walking by won't understand it," said another. "I don't even understand it. Needs a BTC logo or something."

MOX hoped to convert plutonium from Cold War bombs into fuel for nuclear power plants, but even though the project was about 70% complete, Washington has pulled the plug. Slashdot reader Mr. Dollar Ton shared this story from Reuters: The Department of Energy told Senate and House of Representatives committees in May that MOX, a type of specialized nuclear recycling plant that has never been built in the United States, would cost about $48 billion more than the $7.6 billion already spent on it. Instead of completing MOX, the Trump administration, like the Obama administration before it, wants to blend the 34 tonnes of deadly plutonium -- enough to make about 8,000 nuclear weapons -- with an inert substance and bury it underground in New Mexico's Waste Isolation Pilot Plant. Burying the plutonium would cost nearly $20 billion over the next two decades and would require 400 jobs at Savannah River, the Department of Energy has estimated.

In an effort to build faster, more efficient chips, Apple is paying a total of $600 million to Dialog Semiconductor, a chipmaker based out of Europe that it's been working with since the first iPhone. According to TechCrunch, Apple is paying $300 million in cash to buy a portion of the company, including licensing power-management technologies, assets, and more than 300 employees, as well as "committing a further $300 million to make purchases from the remaining part of Dialog's business." From the report: While Dialog is describing this as an asset transfer and licensing deal, it will be Apple's biggest acquisition by far in terms of people: 300 people will be joining Apple as part of it, or about 16 percent of Dialog's total workforce. From what we understand, those who are joining have already been working tightly with Apple up to now. The teams joining are based across Livorno in Italy, Swindon in England, and Nabern and Neuaubing in Germany, near Munich, where Apple already has an operation.

In some cases, Apple will be taking over entire buildings that had been owned by Dialog, and in others they will be colocating in buildings where Dialog will continue to develop its own business â" another sign of how closely the two have and will continue to work together. The Dialog employees Apple is picking up in this acquisition will report to Apple's SVP of hardware technologies, Johny Srouji. Dialog says post the acquisition, the remaining part of the business will focus more on IoT, as well as mobile, automotive, computing and storage markets, specifically as a provider of custom and configurable mixed-signal integrated circuit chips.