Trump's Proposed Budget Would Cut a Major Ecology Program
Known as the Ecosystems Mission Area, the program is part of the U.S. Geological Survey and studies nearly every aspect of the ecology and biology of natural and human-altered landscapes and waters around the country.
The 2026 proposed budget allocates $29 million for the project, a cut from its current funding level of $293 million. The budget proposal also reduces funds for other programs in the U.S. Geological Survey, as well as other federal science agencies.
The budget still needs to be approved by Congress and scientists are seizing the opportunity to save the E.M.A. In early May, more than 70 scientific societies and universities signed a letter to Interior Secretary Doug Burgum, urging him not to eliminate the program.
Abolishing the E.M.A. was an explicit goal of Project 2025, the blueprint for shrinking the federal government produced by the conservative Heritage Foundation. That work cited decades-long struggles over the Interior Department's land management in the West, where protections for endangered species have at times prevented development, drilling and mining.
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7 minutes ago
- Yahoo
Watch out for this new invasive tick. It could saddle you with a little-known, debilitating infection
An invasive tick species is creeping its way into more parts of the country, as warming temperatures help it spread a little-known infection that can leave people with debilitating symptoms, and in rare cases, dead. In May, scientists at the Connecticut Agricultural Experiment Station in New Haven discovered for the first time that the longhorned tick had become a carrier for the bacteria that causes the Ehrlichiosis infection. With cases already on the rise, that was a big cause of concern. 'I am afraid to say that it is a storm brewing,' said Goudarz Molaei, the director of the lab's tick-testing program. 'Climate change eventually will almost eliminate winter in our region. And this tick, like other tick species, will be active year round.' Warming temperatures, which have already translated into shorter winters, allow the longhorned tick and other tick species to wake up early from hibernation, increasing the risk of getting bitten. The longhorned tick, which is native to East Asia, first invaded places like Australia, New Zealand and the Pacific Islands. It has now been detected in at least 21 states in the U.S. with Michigan reporting its first sighting at the end of June. Researchers aren't sure how the tick made it to the U.S., but it's likely it arrived on the backs of imported livestock or other animals. In 2017, scientists identified the country's first longhorned tick in New Jersey, though it's likely the species has been in the U.S. since at least 2010. 'The fact it was here for so long without us actually knowing about it was really a wakeup call,' said Dana Price, an associate research professor in the department of entomology at Rutgers University. Modeling indicates areas from southern Canada throughout the continental U.S. are environmentally suitable to the longhorned tick. That means the threat is two-fold: The longhorned's geographic range is expanding and so is the time that they're active and able to transmit disease, scientists said. Ehrlichiosis is becoming so prevalent that there is a region of the country unofficially named after it: The 'Ehrlichiosis Belt' stretches from as far north as Connecticut and New York to as far west as Arkansas. The lone star and blacklegged ticks have long carried Ehrlichia chaffeensis, the bacteria that causes Ehrlichiosis. The infection sends about 60% of patients to the hospital and claims the lives of about 1 in 100 patients, according to the Center for Disease Control and Prevention. Infected individuals will typically experience fever, chills, muscle aches, headaches and fatigue one to two weeks after being bitten. But if people aren't treated quickly, the infection can sometimes lead to brain and nervous system damage, respiratory failure, uncontrolled bleeding and organ failure. The number of Ehrlichiosis cases has risen steadily since 2000 when the CDC reported 200 cases of Ehrlichiosis compared with 2,093 in 2019. Studies suggest that the number of annual Ehrlichiosis cases are grossly underreported with one study from Rutgers University researchers saying 99% of cases go undetected. The CDC reported earlier this month that there have been more emergency room visits in July for tick bites than the past eight Julys. In early July, officials closed Pleasure Beach, a popular swim spot in Bridgeport, Connecticut, for the summer after discovering an infestation of several tick species including the longhorned tick. Manisha Juthani, the commissioner of the Connecticut Department of Public Health, said that as climate change makes 'tick season' less predictable, Connecticut residents should take precautions like wearing long pants, tucking them into their socks and conducting tick checks on family members and pets after being outdoors for extended periods of time. 'The reality is that with the changes we're seeing in climate, we have to be more prepared and more aware of the infections and the pathogens that we can be exposed to by being outside and potentially being aware of the things that can really cause the most harm to people,' Juthani said. While longhorned ticks often prefer the blood of livestock to humans, entomologists say their unique biology makes them a formidable public health hazard. They can establish populations of thousands from a single female because, like bees, they have the ability to reproduce without a mate. They can also ingest and become carriers for pathogens typically carried by other tick species if they happen to feed on the same host. The process, known as co-feeding transmission, is common among most tick species. Molaei said his recent discovery of the Ehrlichiosis-causing bacteria in the longhorned tick raises concerns about what other pathogens the tick may be able to contract and transmit to humans. The longhorned tick and the lone star tick, one of the original carriers of ehrlichia, both feed on similar hosts, like white-tailed deer. 'We live in this part of the world with several important tick species, and we have to learn how to live with this many ticks,' Molaei said. 'And the key is to protect ourselves.' The World Health Organization reports that more than 17% of infectious diseases globally are transmitted through vectors, intermediary animals that ferry viruses, bacteria and other pathogens from one animal to the next. Tick-borne diseases in the U.S. accounted for 77% of vector-borne disease reports from 2004 to 2016, with cases more than doubling in the last 13 years, according to data collected by the CDC. Jennifer Platt was bitten by a tick during that time. She contracted Ehrlichiosis from a tick bite in North Carolina in the summer of 2011. When she couldn't pick up and carry her 2-year-old son, her friend, who is a nurse, suggested she go to the hospital immediately. The friend suspected Platt might have a tick-borne infection. Platt was sick and on antibiotics for months after her diagnosis. Her shoulder locked due to the infection — a rare but contractable chronic symptom of tick-borne disease — leading to months of physical therapy and putting her out of work for three months. It took her more than a year to fully recover from the lasting impacts of the infection. 'The best way I'd describe it,' she said, 'is I felt like death.' A few years after she started feeling better, she was diagnosed with Lyme and Babesiosis diseases — which she attributes to the same tick bite. Platt, who co-founded the advocacy nonprofit Tick-Borne Conditions United, said she hopes the recent discovery of the Ehrlichia bacteria in the longhorned tick will help raise awareness among doctors and the general public about the threat of tick-borne diseases, especially little-known ones like Ehrlichiosis. 'My mission in life is to support people in being who they are,' Platt said. 'And if you're sick from a tick-borne disease, you can't be who you are.' This article was originally published on Solve the daily Crossword
Yahoo
7 minutes ago
- Yahoo
Bitcoin drops 3% after touching record highs as crypto rolls over
Bitcoin (BTC-USD) retreated more than 3% from its record highs on Thursday after hotter than expected inflation soured expectations of a large rate cut in September and after Treasury Secretary Scott Bessent signaled the US won't be purchasing or selling its bitcoin reserve. On Wednesday, bitcoin touched an all-time high past $123,500 per token in anticipation of looser monetary policy and corporate purchases. Crypto rolled over after July's producer price index came in much higher than expected. During an interview with Fox Business this morning, Bessent said US reserves of bitcoin amount to around $15 billion or $20 billion at today's prices. "We've also started to get into the 21st century — a bitcoin strategic reserve. We're not going to be buying that, but we are going to use confiscated assets and continue to build that up. We're going to stop selling that," he said. Expectations of Fed rate cuts, coupled with heavy purchases from corporate treasurys, have driven up the price of the asset this year. The cryptocurrency has gained 25% year to date and has rallied roughly 57% since the April lows. Inflows into spot exchange-traded funds, along with purchases from public companies copying the blueprint of software firm-turned-bitcoin juggernaut Strategy (MSTR) by adding bitcoin to their balance sheets, have been key drivers of this year's token rally. Strategists also point to the Trump administration's pro-crypto stance as a major catalyst. "The administration is pushing crypto. They are pushing bitcoin. Bitcoin is the lead dog in the crypto market," Tom Essaye, founder of Sevens Report Research, told Yahoo Finance earlier this week. "So is it short-term a little frothy? Sure," he added. "But longer term, there are some fundamental changes here that I think are bullish for it, and we'll send it much higher in the future." Last week, President Trump issued an executive order directing the Labor Department to explore allowing 401(k) plans to hold cryptocurrencies and other alternative assets, a move that could significantly expand retail access to crypto. The price surge also comes as US equities have notched all-time records on expectations the Federal Reserve will cut interest rates in September, and that Trump's next Fed chair pick will likely favor looser monetary policy. Meanwhile, ethereum (ETH-USD) prices also retreated more than 3% on Thursday after rising to near record levels as Wall Street grows increasingly bullish on the world's second-largest cryptocurrency by market cap. Companies have been adding ether to their balance sheets as a way to gain exposure to the tech infrastructure behind decentralized finance and digital assets, such as stablecoins. This week, Bitmine Immersion Technologies (BMNR), an ethereum treasury company, announced plans to sell up to another $20 billion worth of stock to boost its holdings of the cryptocurrency. "We have stated multiple times we believe Ethereum is the biggest macro trade over the next 10-15 years," Fundstrat head of research Tom Lee, who also serves as chairman of Bitmine, wrote in a note Wednesday. Lee noted the majority of Wall Street crypto projects and stablecoins, or digital tokens backed by assets like the US dollar, are being built on the ethereum infrastructure. Ether, the native token of ethereum, is up more than 50% since the GENIUS Act legislation, which creates guardrails for the stablecoin industry, was passed last month. Additionally, the Securities and Exchange Commission's recent "Project Crypto" announcement, an initiative to modernize the agency and establish clear regulations around the digital asset industry, has also fueled the rally in ethereum. Fundstrat sees ETH hitting prices moving as high as $15,000 by year-end. Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 minutes ago
- Yahoo
Government data is now in question. Here's where macro investors are turning to fill the gaps.
The firing of the BLS head by President Donald Trump has spooked some macro investors. Trump's nomination of a partisan economist may push investors to rely more heavily on other data. Sources like ADP, Homebase, and MIT's Billion Prices Project have become critical, traders say. No savvy investor makes a decision off a single data point, but there are some numbers that carry more weight than others. For many macro investors, the North Star has long been the Bureau of Labor Statistics, the unit within the Department of Labor that measures, among other things, inflation, unemployment rates, and wage growth. Those in charge of the BLS have long been non-partisan economists, but President Donald Trump's firing of Commissioner Erika McEntarfer on August 1 and his top pick for her replacement, chief economist at the right-leaning Heritage Foundation, EJ Antoni, have many concerned with the validity of future government data, especially as Antoni floated pausing monthly jobs reports. Love Business Insider? Log in to Google and make us a preferred source. It's concerning for macro traders who rely on this data to make their bets, but there are non-governmental data sources that many already use. While helpful, these alternative databases can't replicate the widespread foundation BLS numbers provided for decades, where all market participants worked for the same set of basic facts about the state of the world's biggest economy. Still, traders are ramping up their use of this data in light of Trump's moves. "What's going to be tricky here is how to judge numbers coming out of the Bureau of Labor Statistics moving forward," said Andreas Steno Larsen, onetime macro investor and researcher, on his weekly podcast. He compared the firing to something that would happen "in Latin America" and predicted that investors would "look for alternative sources" to get a second opinion on the official data. Four macro investors pointed to the well-known ADP jobs report, which comes out monthly and tracks payroll from private employers, and MIT's Billion Prices Project as ways to track employment and inflation, respectively, in the US. The investors declined to be named because their firms don't authorize them to speak publicly. Some investors tap datasets that constantly scrape e-commerce prices, such as PriceStats, and track how different products rise and fall over time. This is a useful tool to understand Trump's tariff policies' impact, given the volume of online goods that US consumers buy from overseas. Payroll and scheduling company Homebase tracks more than 150,000 small businesses and produces monthly employment reports. LinkUp has tracked online job postings since 2007. Numerator has become a key source for in-person consumer data at places such as restaurants and home improvement stores. "Given the recent BLS conversations, we've recently seen demand for our data increase," Homebase CEO John Waldmann said in a statement. Not a replacement These alternative data sources are just that — alternative. They were used to get a sneak peek or a deeper look at inflation or unemployment figures that the government would release, not replace them entirely. They also sometimes vary. For example, ADP's payroll figures often diverge from the BLS's monthly jobs report, and MIT's Billion Prices Project can capture inflation trends sooner than the official CPI but is less comprehensive. "We don't see them replacing economic statistics altogether in the near future," said Julie Meigh, the head of ESG & macro research at alt-data platform Neudata, about non-traditional datasets. Even if BLS data becomes less trustworthy, the different macro investors who spoke with Business Insider said they'll still need to use it in some fashion unless there's a structural change in financial products. For example, Treasury Inflation-Protected Securities, or TIPS, change when the Consumer Price Index from the government is announced. For those who have exposure to these types of assets, ignoring the BLS is not possible even if the data becomes untrustworthy. As one trader at one of the world's biggest macro hedge funds said, he was surprised markets weren't more spooked by Trump's firing. Equity markets were near record highs, and bond yields stayed mostly steady. "I think it's clear that institutions are not as strong as many had thought," this individual said. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
