Axios

Since Canada's wildfires shrouded the East Coast with smoke and unhealthy air quality, Convective Capital — a young venture firm solely focused on wildfires — has been getting a lot more calls: from entrepreneurs, limited partners and people in related fields like insurance.

Why it matters: It’s becoming clearer that wildfires are not isolated regional issues, especially when it comes to the effects of smoke.

• And the smoke-filled skies over New York City and Washington, D.C., drove home the urgent need for solutions.

Here, in one chart from Giving USA, is the decline of charity — the flip side of the rise of philanthropy.

Why it matters: As I wrote last year, charities like to say that "every penny counts." In reality, small-dollar donations have never mattered less.

The biggest idea to come out of the Summit for a New Global Financing Pact, which was held in Paris on Thursday and Friday, is that the International Monetary Fund should simply create trillions of dollars — and then hand it out to every country in the world.

Why it matters: Rich and middle-income countries wouldn't be able to use the money — but poor countries could. Such an addition to their foreign reserves would have the potential to be transformative, not only to domestic economies but also for the global climate.

If you think the world is in moral decline, there's now a scientific explanation for that. Not for the world being in moral decline — it isn't. But rather for your belief that it is.

Why it matters: "Our studies show that the perception of moral decline is pervasive, perdurable, unfounded and easily produced," find researchers Adam Mastroianni and Daniel Gilbert.

Real estate jargon can be confusing.

Yes, but: It shouldn’t be.

• We spoke with Clare Trapasso at Realtor.com to define some common terms to know.