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David Page wrote about the mountains and worked to protect them

1 August 2026 at 16:59
A backcountry ski run can depend on decisions made years before the snow falls. Forest plans determine where motorized vehicles may travel. Congressional appropriations affect whether trails are maintained and land-management agencies can enforce their rules. Public meetings give skiers, snowmobilers, conservationists, and local residents a chance to argue over how mountains should be used. David Page knew this work in detail. He also knew how to describe what it felt like to move through those mountains. Page, the executive director of Winter Wildlands Alliance, died on July 7th in a multi-vehicle crash on Teton Pass in Wyoming. He was 57. Rio, the family dog who often accompanied him outdoors, died in the accident as well. He had come to conservation advocacy through writing. Raised in Denver, he studied history and Spanish literature at Dartmouth, comparative literature at Berkeley, and creative writing at the University of California, Irvine. He wrote for the New York Times, Men’s Journal, Skiing, and other publications, and became a senior correspondent for POWDER. His guide to Yosemite and the southern Sierra Nevada went through three editions. His articles were closely reported and attentive to the people in them. “The Human Factor,” an examination of the decisions that lead experienced skiers into avalanche danger, was a finalist for a National Magazine Award in 2015. It was later used in avalanche courses. Another article described the immigrant workers whose labor sustains many ski towns. He also wrote about major descents, disappearing whitebark pines, solitary skiers, remote slopes,…This article was originally published on Mongabay

Apple’s iPhone hits record 49% global smartphone revenue share in Q2 2026

31 July 2026 at 22:00
Apple's iPhone 17 Pro Max
Apple’s iPhone 17 Pro Max

Apple’s iPhone captured its highest-ever second-quarter global smartphone revenue share of 49% in Q2 2026, according to Counterpoint Research’s latest Market Monitor data. The company’s smartphone revenue rose 22% year-over-year, fueled by a 13% increase in shipments and an 8% rise in average selling price (ASP), even as the broader market saw volumes decline.

Global smartphone revenue grew 7% YoY to a record $109 billion for any second quarter, despite a shipment slump. The disconnect was driven by a 17% jump in industry ASP to a Q2 record of $400, reflecting a sustained shift toward premium devices and memory-related price increases across most Android manufacturers.

Apple’s performance stood out because it largely avoided the steep price hikes that competitors implemented to offset rising bill-of-materials costs from the ongoing memory shortage. Research Director Tarun Pathak noted that growth was led by sustained demand for the iPhone 17 lineup—particularly the base iPhone 17 and iPhone 17 Pro Max—which kept the brand’s mix skewed toward premium models. “Unlike peers that pushed through steep price increases, Apple kept pricing largely stable, reflecting its ability to absorb rising BOM costs and remain insulated from the memory crisis,” Pathak said. He added that Apple will likely raise prices in coming quarters.

This pricing discipline strengthened Apple’s competitive position, enabling simultaneous gains in both volume and value while much of the market contracted. Senior Analyst Shilpi Jain observed that the industry has entered a phase where value, rather than pure shipment volume, is the primary growth lever. Rising component costs have accelerated a shift away from entry-level volume strategies toward higher-storage configurations, premium models, and financing options such as installment plans and trade-ins, especially in emerging markets.

Samsung ranked second with a 16% revenue share. Its revenue and shipments each rose 9% YoY, supported by strength in North America and the Middle East & Africa, though its ASP remained relatively flat. Xiaomi posted the steepest shipment decline among the top five brands at 26% YoY; revenue fell 17% despite a 13% ASP increase. OPPO and vivo revenues declined 10% and 11% respectively, even with ASP gains of 9% and 13%.

MacDailyNews Take: The iPhone 17 family’s continued strength allowed Apple to expand its revenue dominance in a market where premiumization and higher prices are offsetting weaker unit volumes. With memory constraints expected to persist, Apple’s ability to maintain demand without aggressive price increases positioned it as the clear standout in Q2 2026 revenue share.


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Land records reveal how Mennonites are reshaping Belize’s forests

31 July 2026 at 19:45
SPANISH LOOKOUT, Belize — When the Mennonite community here purchased a property four years ago in the middle of the Maya Forest Corridor, a government-recognized stretch of land designed to connect forests in the region, conservation groups were concerned. Community members began clearing land before completing an environmental impact assessment, resulting in fires and pollution, according to one report. In addition, Mennonites beat a conservation coalition that had also wanted to purchase the land for the corridor. The battle for that piece of real estate is just one example of how Mennonites conduct business in Belize, and how those moves have led to extensive deforestation. The small Central American country, flanked by Mexico, Guatemala and the Caribbean Sea, is about the size of the U.S. state of New Jersey, but its dense jungle is now much smaller than it once was. The nation lost around 20% of its forest cover between 2001 and 2025 — more than 350,000 hectares (865,000 acres), similar to the U.S. state of Rhode Island. Much of the deforestation in Belize has been tied to Mennonites, the conservative and largely insular Christian denomination that began migrating to Belize more than six decades ago, cutting down the rainforest to establish new colonies. While reports documenting Mennonites and deforestation are common, far less understood is the corporate machinery they’ve put in place for this expansion. Mongabay conducted extensive interviews and reviewed dozens of land records to better understand the way Mennonites became one of the most prolific land…This article was originally published on Mongabay

Coral reef experts press on, with climate looming over international conference

31 July 2026 at 19:34
AUCKLAND — Lest anyone think scientific conferences must be staid affairs, the International Coral Reefs Symposium closed with inspiration from none other than U.S. rap metal band Rage Against the Machine, known for revolutionary lyrics in the 1990s: “It has to start somewhere. It has to start sometime. What better place than here? What better time than now? All hell can’t stop us now!” Christian Voolstra, a professor at the University of Konstanz in Germany and president of the International Coral Reef Society (ICRS), which organizes the conference, choked up as he read those lyrics at the closing ceremony, as did this reporter. Reflections on how conference participants could address the many threats to coral reefs, including seas that are becoming hotter and more acidic due to climate change, had punctuated the program of more narrowly focused presentations on research and conservation practice during the conference, held July 19-24 in Auckland, Aotearoa New Zealand. This 16th iteration of the conference, which takes place every four years, drew more than 2,100 participants from more than 90 countries, including coral reef scientists, conservationists, policymakers and community leaders. (Previous ICRS conferences held in locations nearer to Global North research hubs drew even more people.) Recurring themes in conference discussions included how much to focus on climate mitigation, how to characterize and communicate the current condition of coral reefs, and how to empower Indigenous communities and integrate their knowledge systems. A reef off Komodo Island in Indonesia. Image courtesy of Greg Asner/divephoto.org. Prioritizing climate?…This article was originally published on Mongabay

Drifting tuna fishing gear enter half of marine protected areas: study

31 July 2026 at 18:21
Marine protected areas (MPAs) may prohibit industrial fishing within their boundaries, but they cannot stop fishing gear released elsewhere from drifting inside. A new global study estimates that drifting fish aggregating devices (dFADs) used by industrial tuna fleets affect more than half of the world’s protected marine areas. Some travel thousands of kilometers before sinking or washing ashore, where they can damage coral reefs, entangle wildlife and leave coastal communities with the burden of removing the debris. Published in Science Advances in June 2026, the study combined fishing records, published research, an online survey of MPA staff and experts, and follow-up interviews to assess the global distribution, strandings and impacts of drifting FADs in MPAs. “We were surprised to find that FADs appear to affect more than half of the world’s protected marine area, and that impacts often occurred thousands of kilometers from the original fishing grounds,” study co-author Boris Worm, a marine ecologist at Dalhousie University in Canada, told Mongabay by email. A purse seiner attached to a FAD catches a school of tuna in the Western Central Pacific. Image © Paul Hilton / Greenpeace. Fishing gear does not respect boundaries dFADs are floating rafts deployed by purse-seine fishing vessels — industrial boats that encircle schools of tuna with large nets — to attract skipjack (Katsuwonus pelamis), yellowfin (Thunnus albacares) and bigeye tuna (Thunnus obesus). The devices carry satellite-linked buoys and echo sounders that allow companies to track them and estimate the fish below. But many are later deactivated,…This article was originally published on Mongabay

Climate shocks hit hydropower in Southern Africa, reviving interest in coal

31 July 2026 at 15:19
LUSAKA —For years, Zambia and Zimbabwe have boasted of enviable success in harnessing hydropower. More than 80% of Zambia’s power supply and about half of neighboring Zimbabwe’s supply came from hydropower sources in 2024. But climate change has continued to expose the fragility of this dependence. Successive droughts, linked to the 2023-24 El Niño, caused water levels in Lake Kariba, formed by a dam on Zambezi River, to drop, drastically reducing electricity generation. It precipitated one of the region’s worst energy crises in decades. Against this backdrop, coal re-emerged as an attractive, although controversial, option. According to the Global Energy Monitor’s Boom and Bust Coal 2026 report, Zambia and Zimbabwe accounted for more than two-thirds of all new coal power proposals announced in Africa in 2025. Some energy experts argue that coal offers the quickest route to stabilizing electricity supplies and sustaining industrial growth, particularly for the mining sector. Electricity systems in Zimbabwe and Zambia power mining activities, industries and help meet the needs of growing urban populations. However, others warn that expanding coal-fired power risks locking both countries into decades of carbon emissions at a time when renewable energy technologies — especially solar — are becoming increasingly affordable. For Zimbabwe, however, coal has never completely disappeared from that country’s energy landscape. Power Shift Africa Campaigns Manager Kudakwashe Manjonjo said Zimbabwe’s reliance on coal is rooted in history. “Zimbabwe has always been a significant coal-producing country. I live in Hwange, home to one of the largest coal mines on the…This article was originally published on Mongabay

Sri Lanka prepares for impending El Niño with traditional and new approaches

COLOMBO — Even though Sri Lankan authorities are preparing to face an impending El Niño phenomenon, Rathnayaka Mudiyanselage Suwandarathne feels that the country may not be impacted as forecasted. A second generation farmer from Thalangama in the Colombo District, Suwandarathne knows about weather and has been leading an agricultural revolution by promoting the cultivation of heirloom varieties of rice. According to him, it is normal to experience a dry spell between July and September as forecasted. This period coincides with the Yala season, one of two paddy harvesting seasons in Sri Lanka. “By August, the dry period begins, and we need a dry season to obtain the harvest,” he told Mongabay. “We then conduct culturally significant events praying for rains. This is the cycle during the Yala season. Then again from December to March, there’s a drought season, which coincides with the Maha season. Long dry spells occur every four to seven years. But now, we have changed these harvesting cycles,” he said. The World Meteorological Organization’s (WMO) monthly global seasonal climate update indicates an 80% probability of a rapid development into a strong El Niño event between July and September 2026. WMO Secretary General Celeste Saulo said that it would “intensify chances of drought and heavy rainfall and the risk of heatwaves on land and marine heatwaves in many regions of the world.” “When going by initial predictions, the time period for developing a very strong El Niño was between November 2026 and January 2027,” Ajith Wijemannage, head of the Meteorology…This article was originally published on Mongabay

Palm oil expansion reignites decade-old Indigenous land conflict in Indonesia

JAKARTA — Two palm oil companies embroiled in a long-running land dispute with an Indigenous community in Indonesian Borneo have resumed the clearing of rainforest and other land to expand their plantations for the first time in more than a decade. In June 2025, the Indigenous Dayak Benuaq community of Muara Tae reported that the two companies — PT Borneo Surya Mining Jaya (BSMJ), owned by Singapore-listed First Resources, and PT Munte Waniq Jaya Perkasa (MWJP), a subsidiary of Malaysia-owned TSH Resources — had restarted land clearing and evictions in what the community says is its ancestral territory. The latest activities mark a new chapter in one of Indonesia’s highest-profile land conflicts involving the palm oil industry, which Mongabay covered in an in-depth report in 2015. Eviction activity using heavy equipment by PT BSMJ as of 2 June 2026 (c) Kaoem Telapak The dispute dates back to 2011-2012, when BSMJ and MWJP began bulldozing rainforest in an area claimed by Muara Tae, a village in West Kutai district, East Kalimantan province. The companies say they bought leasehold rights from residents of Muara Ponaq, a village next to Muara Tae. But Muara Tae has contended the companies colluded with individuals in Muara Ponaq who fraudulently signed away hundreds of hectares of Muara Tae’s communally held land, in exchange for hundreds of millions of rupiah. The district government facilitated the transactions by redrawing the Tae-Ponaq border, increasing the latter’s territory at the expense of the former. The district chief at the time,…This article was originally published on Mongabay

Before giant meat producer JBS expands to Nigeria, people deserve answers (commentary)

31 July 2026 at 01:17
Nigeria may soon become the site of one of the largest livestock investments in its history. JBS, the world’s largest meat company, is pursuing a reported $2.5 billion investment that could reshape parts of the country’s agricultural sector. The proposal has been welcomed by many for its potential economic benefits, but before it moves forward, Nigerians deserve clear answers about what it could mean for communities, land, water, and the climate. Much of the discussion around the project has focused on jobs, agricultural development, food security, and economic opportunity. Those are important goals. But there is another dimension that deserves far greater scrutiny: Methane. JBS is not simply the world’s largest meat producer. It is also responsible for more methane emissions than ExxonMobil and Shell combined, according to estimates published by Greenpeace in 2024. JBS undoubtedly disputes these figures, but the broader point is difficult to ignore: When measured by climate impact, the world’s largest livestock companies increasingly belong in the same conversation as the world’s largest fossil fuel companies. Methane rarely attracts the same public attention as carbon dioxide, yet it is responsible for roughly a third of the warming the world is experiencing today. Because it traps far more heat than carbon dioxide over the short term, cutting methane emissions is widely seen as one of the fastest ways to slow near-term climate change. Much of the public debate focuses on oil and gas. But industrial livestock production is also a major source, accounting for much of the…This article was originally published on Mongabay

Apple reports blockbuster third quarter results

30 July 2026 at 21:31

Apple logo

Apple today announced financial results for its fiscal 2026 third quarter ended June 27, 2026. The company posted quarterly revenue of $109.4 billion, up 16 percent year over year. Company gross margin was 50.1 percent, including a favorable impact of approximately 2 percentage points from tariff refunds. Diluted earnings per share was $2.02, up 29 percent year over year, and included a favorable impact of $0.11 from tariff refunds.

“Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment,” said Tim Cook, Apple’s CEO, in a statement. “At WWDC26, we were thrilled to introduce the all-new Siri AI, alongside all of Apple’s latest software innovations and important new child safety features.”

“We are very pleased with our record business performance during the quarter, which set new June quarter records for both EPS and operating cash flow,” said Kevan Parekh, Apple’s CFO, in a statement. “Our installed base of active devices also reached a new all-time high across all major product categories and geographic segments.”

Net sales by category:

• iPhone: $54.252 billion (vs. $44.582 billion YoY)
• Mac: $10.352 billion (vs. $8.046 billion YoY)
• iPad: $6.191 billion (vs. $6.581 billion YoY)
• Wearables, Home, and Accessories: $7.883 billion (vs. $7.404 billion YoY)
• Services: $30.739 billion (vs. $27.423 billion YoY)

Apple’s board of directors has declared a cash dividend of $0.27 per share of the Company’s common stock. The dividend is payable on August 13, 2026, to shareholders of record as of the close of business on August 10, 2026.

Apple will provide live streaming of its Q3 2026 financial results conference call beginning at 2:00 p.m. PT on July 30, 2026, at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.

Wall Street was looking for solid double-digit growth. Consensus forecasts (drawn from roughly 27–31 analysts) called for:

• Revenue of approximately $108.9 billion, up about 16% from $94.0 billion a year earlier.
• Diluted EPS of $1.89, up roughly 20% from $1.57 in the year-ago quarter.

MacDailyNews Take: A strong quarter, but the bears will say that Services delivered $30.7 billion versus projections of $31.3 billion and Greater China revenue was $18.8 billion, short of analyst estimates of $19.5 billion.


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Wind farms join bottom trawlers and oil rigs in a protected North Sea sandbank

30 July 2026 at 21:28
In the North Sea, the vast, shallow sandbank known as Dogger Bank was once among the most productive marine nurseries in Europe. The area stretches across U.K., Dutch, German and Danish waters, and is home to a vast array of marine life, including sharks, rays, dolphins, long-lived shellfish, anemones, corals, sand eels, and seabirds, prompting experts to call it the ecological heart of the North Sea. While much of Dogger Bank has been protected for its unique seabed habitat, destructive industrial activities like oil and gas extraction as well as fishing practices like bottom trawling have continued, even in the protected zones. Now, conservationists have notched a win with a recent court ruling that curtails bottom trawling in the Dutch protected section of Dogger Bank. But they say the threats continue, notably in the form of major wind farm developments rising in the U.K. protected section. A major difficulty in protecting a place as large as Dogger Bank, which spans 18,765 square kilometers (7,245 square miles), is that it’s divided into three separate marine protected areas (MPAs) managed by three different countries. The German section of Dogger Bank was the first to be protected, as a Natura 2000 site under the European Union’s Habitats Directive, in 2007. The Dutch section followed in 2009, and the U.K. section in 2012. Since then, the U.K. has left the EU and now manages its Dogger Bank Special Area of Conservation (SAC) as part of its own network of protected areas. (The Danish section…This article was originally published on Mongabay

Costa Rica banana plantation destroyed protected wetland, complaint alleges

30 July 2026 at 20:09
A legal complaint in Costa Rica has alleged that a banana plantation destroyed parts of a protected wetland in Bananito Sur, located in the Valle La Estrella district in the central province of Limón. Workers on the La Paz banana plantation, owned by Standard Fruit Company de Costa Rica, a subsidiary of Dole, cut down and burned vegetation inside an area listed on the country’s National Wetlands Registry, according to several complaints and a June 23 Supreme Court filing. In addition to environmental impacts, the dispute has raised questions about government transparency, with several agencies allegedly failing to provide information about what was happening in the area. “The government has to draw a line and say enough is enough, and stop the company. It hasn’t done that,” Marco Levy Virgo, president of the Association for the Development of Ecology, an environmental advocacy group, told Mongabay. Alleged destruction from the plantation. Image by Marco Levy Virgo. Banana plantations often require extensive pesticide use, as well as complex drainage systems with channels that transport water away from crops. Levy said he noticed damage related to that work at the start of the year. He submitted formal requests for information and technical data to the authorities, including the Ministry of Environment and Energy (MINAE). In April, MINAE’s Caribbean Hydrological Unit, responsible for managing the country’s largest watersheds, published two reports describing an agricultural drainage channel passing through the wetland from the plantation, with cutting and burning running parallel to it. The cleared area measured between…This article was originally published on Mongabay

Apple’s AirTag 2 four-pack hits record low of $89

30 July 2026 at 19:00
Apple introduced the new AirTag, now with an expanded finding range and a louder speaker.
Apple’s new AirTag (second generation), now with an expanded finding range and a louder speaker.

Apple’s second-generation AirTag is currently available at its lowest price ever: $89 for a four-pack, down from the usual $99. The deal matches the previous all-time low first spotted during Amazon’s Prime Day event and remains one of the strongest discounts on the newer model.

A single AirTag 2 is also discounted to $27 (from $29). While that price isn’t quite as aggressive as some earlier promotions, it still ranks among the better current offers for buyers who only need one unit.

The AirTag 2 is a compact Bluetooth tracker that helps users locate everyday items like keys, wallets, bags, or luggage through Apple’s Find My network, showing the last known location on a map and enabling Lost Mode to lock the tag and display a custom contact message via NFC when found by someone else.

AirTag 2 offers Precision Finding with a second-generation Ultra Wideband chip that provides directional arrows, distance readouts, and haptic/audio cues from up to 50% farther away (on compatible iPhone 15 or later models, excluding certain variants), plus the first-time ability to use this feature on Apple Watch Series 9 or later and Ultra 2 or later; an upgraded Bluetooth chip for expanded proximity range; a 50% louder speaker with a distinctive new chime that can be heard from twice as far; “Left Behind” alerts; sharing location access with family or friends; temporary secure sharing with airlines for luggage recovery; a user-replaceable CR2032 battery lasting over a year; IP67 water and dust resistance; and built-in privacy protections including frequent Bluetooth ID rotation and end-to-end encryption so only the owner can access location data.

MacDailyNews Take: Get ’em while they last here.


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Researchers find ‘priority zones’ for yellow fever vaccination of golden lion tamarins

30 July 2026 at 17:35
After a two-hour drive from the airport in Rio de Janeiro, you reach a special park dedicated to a special animal in Brazil’s Atlantic Forest. There, you can take a guided tour through the green and perhaps catch a glimpse of vibrant orange: The pelage or furry coat of one of this region’s most famous resident, the golden lion tamarin. Between 2017 and 2019, a yellow fever epidemic killed roughly 30% of the population, leaving only 2,500 alive. This small, endangered monkey, which nearly went extinct in the 1970s, is relegated to fragmented forests in the state of Rio de Janeiro, about 2% of their original territory, according to conservation nonprofit Save the Golden Lion Tamarin. But the tamarins (Leontopithecus rosalia) have made a significant recovery, rebounding to roughly 4,800 individuals according to a 2023 census. To better prepare for a possible outbreak in the future, a group of researchers wanted to find out how different environmental factors affected yellow fever transmission between tamarins. Their research identified high-risk areas, which could guide conservationists aiming to vaccinate the population against future epidemics. The golden lion tamarin, an endangered species, is found exclusively in Brazil’s Atlantic Forest, a seriously threatened biodiversity hotspot: only 7%-12% remains. Image by Themium via Wikimedia Commons (CC0 1.0). Mapping an outbreak Researchers compared mortality data from 2014-2016, before yellow fever struck, with more than 1,000 deaths that occurred during the outbreak in 2017-2019, information that was gathered by the nonprofit Golden Lion Tamarin Association (known in Brazil…This article was originally published on Mongabay

It’s time we recognize the roles of rangers — and prioritize their safety (commentary)

It is always a tragedy when a ranger is injured in the line of duty. Sadly, it is a story we have come to know all too well: brave men and women head into the field each day, and on occasion, whether at the hands of armed groups, dangerous wildlife, or environmental emergencies, it goes horribly wrong. What is perhaps less considered, and something I have seen the effects of firsthand, is that not all rangers have access to the same levels of support if something does go haywire. This was the case earlier this month when, regrettably, two rangers were involved in a serious vehicle accident while on duty in Mozambique. Both were badly injured and required urgent medical care. Yet what happened afterward was very different for each of them. One was enrolled in the Game Rangers Association of Africa (GRAA’s) RangerProtect, an insurance scheme that covers medical treatment and evacuation for rangers injured in the field. The other was not. While both were rescued quickly and treated at the nearest suitable medical facility, the ranger without that cover faced far more limited options for his ongoing care and recovery. Particularly as we approach World Ranger Day on July 31, we must recognize the extraordinary sacrifices rangers make to protect our natural heritage. But the recent incident is a stark reminder that these sacrifices are all too often made without the support system rangers need to do their job safely and effectively. Field rangers participate in a drill…This article was originally published on Mongabay

Berkshire Hathaway still holds $60 billion in Apple shares — and the stake keeps quietly growing

30 July 2026 at 14:00

Apple money logo

Despite heavy – and rather ill-timed – selling that reduced Berkshire Hathaway’s Apple position and sparked talk of a shift under new CEO Greg Abel, the tech giant remains the conglomerate’s largest equity holding by far. At roughly 228 million shares worth about $60 billion (around 22% of the stock portfolio), Apple continues to deliver dividends, massive unrealized gains, and a subtle ownership boost from the company’s relentless share buybacks—showing the trim was about risk management, not a loss of conviction.

Micah Zimmerman for The Motley Fool:
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Berkshire also sits on an enormous unrealized gain, since Berkshire’s cost basis is a fraction of today’s price, and the shares throws off a steady stream of dividends every year. Whatever the trimming implied, Apple is not a relic in this portfolio. It is the foundation.

Here’s the part that caught my eye. Apple spends tens of billions of dollars a year buying back its own stock, steadily shrinking the number of shares in circulation. That matters for Berkshire in a subtle but powerful way. Because the total share count keeps falling, Berkshire’s ownership percentage of Apple slowly rises even though it hasn’t bought a single new share. Its claim on Apple’s future profits quietly grows on autopilot.

Buffett has praised exactly this dynamic for years, calling it one of the reasons he loved the investment. He once compared it to your ownership of a business rising simply because your partners keep buying each other out. It means Apple keeps working for Berkshire in the background, compounding its stake without any action at all.

It is tempting to read the share sales as Berkshire’s loss of faith. I would read them differently. Apple’s position had grown so large that, at one point, it was worth more than everything else in the equity portfolio combined, a level of concentration that made even [Warren] Buffett uncomfortable. Trimming was about managing risk and locking in enormous gains at a rich valuation, not abandoning the thesis. Choosing to keep roughly $60 billion in Apple, rather than exiting entirely, is a statement of enduring conviction under Abel, not a goodbye.

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MacDailyNews Take: The two most beautiful words in the English language: passive income.


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The global gold rush consuming the Amazon (commentary)

30 July 2026 at 03:47
In November 2025, Brazilian authorities, supported by Interpol, disabled 277 dredges used for illegal gold mining along the Madeira River. The machinery was valued at about $6.8 million. The operation dealt a substantial blow to one of the Amazon’s busiest mining frontiers, yet its effect was likely temporary. After all, dredges can be replaced, miners can relocate, and financiers can redirect their money. Satellite monitoring reveals how quickly the industry is spreading. A basin-wide monitoring initiative led by Amazon Mining Watch detected more than 37,000 hectares of new mining expansion across the Amazon in 2025. Of that total, more than 14,000 hectares lay within 222 protected areas and Indigenous territories. Since mining is generally restricted in such places, much of this activity was presumed to be illegal. The immediate drivers of illegal gold mining are familiar. Enforcement is thin across vast stretches of forest, and illicit gold passes too easily into lawful commerce. The broader economic incentive comes from a global market in which gold prices have risen sharply and legitimate demand has become unusually strong. Central banks are an important part of that story, though hardly the only one. Over the past four years, they have bought an average of roughly 1,000 metric tons of gold annually, twice the average of the preceding decade. A 2026 World Gold Council survey found that 89 percent of participating reserve managers expected official gold holdings worldwide to rise over the following year. Investors, jewelry buyers and manufacturers also contribute to demand. Central…This article was originally published on Mongabay

David Johnson, the owl man of Umatilla

30 July 2026 at 01:21
At the former Umatilla Chemical Depot in eastern Oregon, the weapons were gone, though their presence had shaped the land. Concrete bunkers stood among sagebrush and dry grass. Pronghorn moved through the open country. Badgers, once common there, had largely disappeared. Their absence mattered to the small owls that lived close to the ground. Burrowing owls do not usually dig their own homes. They occupy tunnels made by mammals, especially badgers and prairie dogs. At Umatilla, the decline of those animals had removed much of the owls’ shelter. By the late 2000s, only a few breeding pairs remained. David H. Johnson, who died on June 15th, aged 69, decided that the shortage of burrows could be addressed. He and his collaborators buried plastic barrels and connected them to the surface with lengths of pipe. The structures were crude substitutes for badger burrows, intended to keep the population breeding while the recovery of its habitat remained a longer-term task. The owls accepted them. Within a year, the number of breeding pairs had risen. Over the following decade, the depot became home to one of the region’s most closely studied burrowing-owl populations. Researchers banded chicks, recorded calls, tested nest designs, and tracked the birds’ movements. By 2024, they were monitoring more than 100 nesting attempts and had banded nearly 500 chicks that season. Johnson had been interested in owls since childhood. At 11, while camping alone, he heard an eastern screech owl calling outside his tent. The bird landed close enough for…This article was originally published on Mongabay

Proposed mine expansion raising pollution concerns in Canada and US

The Elk Valley in southeast British Columbia is home to Canada’s four largest coal mines. With a proposed mine expansion moving through environmental assessment, people on both sides of the Canada-U.S. border worry the valley’s decades-old pollution problem could get even worse. Industrial coal mining in the Elk Valley goes back more than 50 years. The valley’s mines, currently owned by Elk Valley Resources (EVR), supply 77% of Canada’s metallurgical coal, a grade of coal used in steel making, according to a 2024 report produced for EVR. The vast majority of this coal was exported to Asia. EVR’s largest mine, Fording River Operations (FRO), is expected to run out of coal within a decade. The proposed Fording River Extension (FRX) would open 2,031 hectares (5,019 acres) on Castle Mountain, adjacent to the existing mine, and operate for about 35 years. The FRX is currently moving through a coordinated federal-provincial environmental impact assessment. Three proposed new coal mines, not linked to EVR, are also currently in the environmental assessment process. The Fording River Operations mine, in the Elk Valley, British Columbia. The mountain top removal mining process dramatically alters topography and drainage patterns, and creates large volumes of waste rock. Image by Siobhán Winters/Wildsight. Proponents maintain the FRX is necessary to sustain economic benefits post FRO-closure, such as gross domestic product contributions, payments to governments and jobs. Others question the wisdom of expanding mining whilst unabated pollution threatens ecosystems, wildlife and livelihoods across the region. The Ktunaxa Nation Council, representing Ktunaxa…This article was originally published on Mongabay

UN regulator delays deep-sea mining rules, but extends criticized exploration contract

The International Seabed Authority (ISA), the U.N.-associated regulator of seabed mining activities in areas beyond national jurisdiction, has extended a controversial deep-sea mining exploration contract and once again failed to finalize the rules needed to regulate commercial seabed mining. The ISA’s 36-member council, which met from July 13 to 24, decided to extend the exploration contract for a subsidiary of Canadian deep-sea mining firm The Metals Company (TMC), allowing the company to retain exclusive exploration rights for blocks of the seabed in the Pacific Ocean. This decision stemmed from the ISA’s finding that TMC’s subsidiary, Nauru Ocean Resources Inc. (NORI), had met all the criteria for renewal. This move was met with criticism from both ISA council members and observers since another of TMC’s subsidiaries, TMC USA, is also pursuing deep-sea mining in the same areas outside of the ISA’s legal framework and, in early July, even launched a lawsuit against the ISA for its scrutiny of TMC’s activities. Louisa Casson of Greenpeace International, who was an observer at the council meeting, said in a statement that the ISA’s decision to extend TMC’s contract set a “dangerous precedent for both the deep sea and the rule of law” that also “calls into serious question the regulator’s ability to enforce basic compliance under its existing rules.” Organizations including Greenpeace International are critical of deep-sea mining, arguing that this activity would have devastating and likely irreversible effects on the marine environment.  Forty-five countries have also called for a moratorium or precautionary pause…This article was originally published on Mongabay

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