 United Nations Secretary-General António Guterres said that the recent focus on inflation, the war in Ukraine, and the fossil fuel price surge has distracted the world from the threats of climate change. Guterres said that "we will be doomed" if the world is unable to re-focus on keeping the global temperature increase below the 1.5C threshold. More: - Guterres made the comments while speaking to the BBC in New York ahead of the COP27 climate conference set to take place in Egypt November 6-18.
- He urged developed economies to follow through on commitments to provide $100B in funding for developing countries facing the most severe impacts of climate change, saying:
- "We need to tell the truth. The truth is that the impact of climate change on a number of countries in the world, especially hotspots, is already devastating."
- A new report from the World Meteorological Organization found that the atmospheric levels of carbon dioxide, methane, and nitrous oxide reached their highest recorded levels in 2021.
- Methane concentrations grew at their highest rate in 40 years, the report said.
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 The Securities and Exchange Commission (SEC) approved a new rule that will require public companies to recover bonus pay from executives if their financial statements contain errors. The so-called clawback rule was initially proposed as part of the 2010 Dodd-Frank Act, but it had been blocked for more than a decade due to pushback from Republican legislators. More: - Last year SEC Chairman Gary Gensler reopened a 2015 proposal that would broaden the clawback rule.
- Under the newly approved rule, public companies will have to recover executive bonuses if their accounting documents contain errors that require the companies to file a restatement with the SEC.
- Under the new rule - which will take effect in roughly one year - companies will have to include check boxes on the front page of their annual reports to indicate whether an error correction or clawback analysis had been performed.
- Some companies already have internal clawback policies.
Zoom Out: - The SEC is also considering a rule that would require mutual funds to provide shareholders with simpler disclosure documentation.
- Another proposal would limit the ability of investment advisors to outsource some tasks to third-party companies.
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 Complaints about armed vigilantes filming Arizona voters who were dropping off their early ballots at drop boxes were referred to local and federal law enforcement. Conservative influencers and politicians have encouraged Americans to monitor drop boxes due to concerns about voter fraud, prompting U.S. Attorney General Merrick Garland to say that the Justice Department "will not permit voters to be intimidated" in the midterms. More: - Citizens are allowed to monitor drop boxes if they stay at least 75 feet away but actions such as taking pictures, brandishing weapons, or harassing voters are not allowed, said Arizona Secretary of State Katie Hobbs.
- Hobb's office has asked law enforcement to investigate six potential cases of voter intimidation.
- Stephen Richter, Record of Arizona's Maricopa County, said it is unclear what can be done to prevent voter intimidation. "We have not come up with the legal framework," he said.
- Some drop box observers claim to be associated with disgraced Trump advisor Steve Bannon's Clean Elections USA.
- Two voting rights groups filed a lawsuit asking a federal judge to stop Clean Elections USA members from monitoring drop boxes in Arizona last week.
- Last week, Mark Finchem, the Republican nominee for Arizona secretary of state and 2020 election denier, tweeted, "WATCH ALL DROP BOXES. PERIOD. SAVE THE REPUBLIC."
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 GOOD NEWS: Dale Haney, the White House chief groundskeeper, was honored with an elm tree on White House grounds to celebrate his 50 years of service. Haley first began as a gardener during the Nixon Administration, and he initially planned to stay at the White House for two years before returning to school. He was promoted to foreman, then chief horticulturalist, and finally grounds superintendent in 2008. More: - Haney helped Michelle Obama to build a 1,100-square-foot garden with fruits, vegetables, and herbs.
- He also helped Melania Trump add a tennis pavilion to the White House's south grounds.
- Nowadays, Haney is frequently seen walking the Biden family dogs.
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 A message from LAIKA If you’re trying to close deals, SOC 2 is probably a thorn in your side. What is it, and who cares? Your business needs SOC 2. But building compliance from scratch is complicated, time-consuming, and the cost can be crippling. Laika has you covered. Uncomplicate SOC 2 with our guide for growth-minded founders. In the guide by Laika you’ll learn: - What is SOC 2 compliance and why it matters for your startup
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 Leftist historian and MacArthur "genius" grant-winner Mike Davis passed away at 78 of esophageal cancer. Davis is known for his magisterial histories of California and Los Angeles, including his 1990 bestseller "City of Quartz." More: - Davis had an atypical journey as a writer and historian, starting his professional life as a truck driver and student activist.
- By the late 1960s, Davis had joined the Southern California Communist Party. He also ran its bookstore.
- In 1998 Davis published "Ecology of Fear: Los Angeles and the Imagination of Disaster."
- The book explored the ecological and environmental history of California, arguing that hyper-development in the 20th century occurred despite the state's history of earthquakes and conflagration.
- In his 2012 book "Be Realistic: Demand the Impossible," Davis urged his readers to be kind:
- "Stop and give a hitchhiking family a ride. Never cross a picket line, even when your family can't pay the rent. Share your last cigarette with a stranger."
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 The German government has agreed on a plan to legalize recreational cannabis by 2024. Under the proposal, individuals would be able to possess up to one ounce of cannabis for personal use. More: - Cannabis would be sold by licensed shops and pharmacies and households would be allowed to grow up to three cannabis plants per adult.
- The government may restrict high-THC cannabis to people aged 21 and over.
- The proposal calls for public health campaigns to inform Germans about the health risks of cannabis use.
- The plan still has to be approved by Germany's parliament and greenlighted by the EU.
- Malta is the only EU country that has fully legalized recreational cannabis.
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QUICK HITS - Get ahead of the holiday madness and gear up your influencer and affiliate strategy for success.*
- Billionaire investor Chamath Palihapitiya was criticized after saying that the Federal Reserve's low-interest rate monetary policies created financial "manias" in recent years. Palihapitiya is known as a key promoter of SPACs, and has collected major profits for his role in SPACs that lost most of their value after he had cashed out.
- 14 recently-elected Quebecois politicians refused to recite an oath of allegiance to the new British monarch during their swearing-in ceremony.
- The man who killed six people when he drove an SUV into a Christmas parade in Waukesha, Wisconsin, last November was convicted of six counts of first-degree intentional homicide. He will face a mandatory life sentence.
- The Justice Department is investigating Augusta National Golf Club in relation to a professional golf anti-trust suit.
*This is a sponsored post
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UPCOMING EVENTS - October 25 - Meet Our Fund 4, an Inside.com Summit (Register Here)
- November 02 - AMA with Bill Glenn (Executive Chairman at Crenshaw Associates) (Register Here)
- November 09 - Synthetic data for more efficient, robust and ethical model development - Live AMA with Yashar Behzadi (CEO and Founder of Synthesis AI)* (Register Here)
- December 07 - Live AMA with Deividi Silva ( Head of Developer Relations at Gun.io) (Register Here)
*This is a sponsored event.
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 |  | Daniel Smith is an Inside Analyst who currently resides in Miami, Florida. A native of Brooklyn, New York, Daniel spent the last four years as a PhD candidate in Politics and International Studies at Cambridge University in the United Kingdom. He is fascinated by tech, business, politics, venture capital, and everything in between. When he’s not writing for Inside he can be found kicking a ball on the nearest rugby pitch. Follow him on Twitter @DanSmithInside. |  | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
Security Compass delivers best-practice, role-based, accredited eLearning solutions. | |
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