Amid the COVID-19 pandemic set to kill well over two million people around the globe, an international countdown of what leading science and security experts say represents a threat to human existence remains stuck at about a two-minute warning.
Scientists say the mishandling of the grave global health crisis is a "wake-up call" that governments, institutions, and a misled public remain unprepared to handle the even greater threats posed by nuclear war and climate change.
Given this and the lack of progress in 2020 in dealing with nuclear and climate perils, the Doomsday Clock remains as close to midnight as it has ever been – just 100 seconds to midnight.
The Doomsday Clock decision is made by the Bulletin of the Atomic Scientists' Science and Security Board in consultation with the Bulletin's Board of Sponsors, which includes 13 Nobel Laureates. In January 2020, the Doomsday Clock moved to 100 seconds to midnight, closer to midnight than ever in its history.
In December 2020, the Bulletin of the Atomic Scientists marked its 75th anniversary. Founded in 1945 by Albert Einstein and University of Chicago scientists who helped develop the first atomic weapons in the Manhattan Project, the Bulletin of the Atomic Scientists created the Doomsday Clock two years later, using the imagery of apocalypse (midnight) and the contemporary idiom of nuclear explosion (countdown to zero) to convey threats to humanity and the planet.
Over time, the Clock has become a universally recognized indicator of the world's vulnerability to catastrophe from nuclear weapons, climate change, and disruptive technologies in other domains.
"The pandemic serves as a historic wake-up call, a vivid illustration that national governments and the international organizations are unprepared to manage complex and dangerous challenges," says Dr. Rachel Bronson, president, and CEO, Bulletin of the Atomic Scientists.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
