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The Graphic Truth: Billion-dollar disasters have become more common

July 08, 2025
 Lizzy Yee
and
 Paige Fusco

In addition to the devastating human toll of last weekend’s Texas floods, which have so far taken the lives of at least 100 people – including dozens of children – initial estimates put the economic damage to people’s homes, businesses, and public infrastructure at upwards of $18 billion.

The number of US weather and climate-related disasters that have inflicted at least $1 billion worth of damage has in fact grown significantly over the past two decades, as weather patterns become more severe, a phenomenon experts attribute to climate change. Here is a look at this tragic trend since 1980.

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Elon Musk is about to discover that politics is harder than rocket science

Elon Musk in an America Party hat.
Jess Frampton

Life comes at you fast. Only five weeks after vowing to step back from politics and a month after accusing President Donald Trump of being a pedophile, Elon Musk declared his intention to launch a new political party offering Americans an alternative to the Republicans and Democrats.

UK PM’s freefall is a warning to centrists

Chancellor of the Exchequer Rachel Reeves (right) crying as Prime Minister Sir Keir Starmer speaks during Prime Minister’s Questions in the House of Commons, London, United Kingdom, on July 2, 2025.
PA Images via Reuters Connect

UK Prime Minister Keir Starmer has struggled during his first year in office, an ominous sign for centrists in Western democracies.

Europe’s AI Act: World’s first guardrails or just a flashy head start?

- YouTube

 youtu.be

“We wanted to be first with a flashy AI law,” says Kai Zenner, digital policy advisor in the European Parliament. Speaking with GZERO's Tony Maciulis at the 2025 AI for Good Summit in Geneva, Zenner explains the ambitions and the complications behind Europe’s landmark AI Act. Designed to create horizontal rules for all AI systems, the legislation aims to set global standards for safety, transparency, and oversight.

Walmart’s US manufacturing investment is building stronger communities

Walmart

More than 60% of Walmart suppliers are small businesses.* Through a $350 billion investment in products made, grown, or assembled in the US, Walmart is helping these businesses expand, create jobs, and thrive. This effort is expected to support the creation of over 750,000 new American jobs by 2030, empowering companies like Athletic Brewing, Bon Appésweet, and Milo’s Tea to grow their teams, scale their production, and strengthen the communities they call home. Learn more about Walmart's commitment to US manufacturing. *See website for additional details.

Microsoft's 2025 Responsible AI Transparency Report

Microsoft

Last month, Microsoft released its 2025 Responsible AI Transparency Report, demonstrating the company’s sustained commitment to earning trust at a pace that matches AI innovation. The report outlines new developments in how we build and deploy AI systems responsibly, how we support our customers, and how we learn, evolve, and grow. It highlights our strengthened incident response processes, enhanced risk assessments and mitigations, and proactive regulatory alignment. It also covers new tools and practices we offer our customers to support their AI risk governance efforts, as well as how we work with stakeholders around the world to work towards governance approaches that build trust. You can read the report here.

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