News
Third set of human remains found in Lake Mead
A another set of human remains has been found in Lake Mead, marking the third discovery in as many months
As America’s largest reservoir, Lake Mead, drops to its lowest water level in 85 years, it is also exposing secrets of the past after a third set of human remains were found.
Covered in mud and left to rot, the person was in a barrel and died by a gunshot wound all the way back in the 1970s.
At this time, Lake Mead was a hive of activity and almost completely full – reaching a depth of around 30 feet.
Now, it’s a whole different story.
Human remains in Lake Mead aren’t the only concern
Lake Mead supplies water to around 25 million people in the Western part of the U.S. and generates electricity for 350,000 homes.
These residents are now all at risk.
The lake has been receding for years and is now filled to just 27 per cent of its capacity.
Despite recent localised monsoon rains, experts believe it’s still not enough to restore the catchment to its former glory.
“Over 90% of water in Lake Mead comes from the upper basin. While rains are really helpful at changing water demands locally, they’re not really impactful to the lake at all”
SOUTHERN NEVADA WATER AUTHORITY
NASA says the receding water levels are just another illustration of climate change.
Top researchers believe this could well be the region’s worst drought in 12 centuries.
New satellite images have prompted warnings to surrounding states.
Residents are now being told make immediate cuts to protect future supplies as well as power generation.
But in the interim, and as Lake Mead dries up, secrets of the past will just continue to be revealed.
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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U.S. retail sales slowdown sparks new fears ahead of Fed decision
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.
The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.
Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.
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News
xAI’s $15 billion raise, deadline pressure and Grokipedia launch
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.
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