World Futures Fall 2021

Is this a recipe for a social uprising fullscale class warfare revolt? Sure, maybe after the next Super Bowl/iPhone/Video Game Release. > Top 1%'s wealth jumped to a record 27% of the total: Fed data shows. > The top 1% represents about 1.3 million households who roughly make more than $500,000 a year -- out of a total of almost 130 million. > The middle 60% of U.S. households by income saw their combined assets drop to 26.6% of national wealth as of June, the lowest in Federal Reserve data going back three decades. For the first time, the super rich had a bigger share, at 27%. > The concentration of wealth in the hands of a fraction of the population is at the core of some of the country's major political battles.

"Innovations in digital technology and the use of alternative data sources have decreased the cost and increased the speed of data collection and use. Harnessing this potential requires increased investment by donors and governments and a more effective approach that strengthens foundational data systems and governance frameworks, and supports local knowledge and capacity development. "

1. Mortgage rates may slide even more 2. Home prices and sales will rise 3. Housing counselors will be in demand 4. Millions of renters may be evicted 5. Homes will go to well-off buyers 6. Black households will fall further behind 7. Suburbs may grow at cities' expense 8. Ability-to-repay rule may be revised

Rising temperatures and lack of protection, both politically and from the environment, may be leading to an increase in farmworker deaths.

Engineers Demographic changing:women and racial and ethnic minorities increasingly have been choosing a wider range of degrees and occupations.Political representation needed. The number of women in S&E occupations or with S&E degrees has doubled over the past two decade. In 2017, women constituted 29% of workers in S&E occupations-up from 23% in 1993-relative to over half (52%) of the college-educated workforce overall. Among S&E degree holders, women represented 40% of employed individuals-up from 34% in 1993-with a highest degree in S&E Women make up over 34% of all scientists (engineers excluded), although representation varies across the broad fields. Women account for approximately 48% and 59% of life scientists and social scientists, respectively, and nearly 30% of physical scientists and computer and mathematical scientists (Figure 3-19; Table S3-12). Notably, while 59% of social scientists are female, occupations within social sciences varied widely: women accounted for 21% of economists and 69% of psychologists. About 16% of engineers are women, ranging from about 7% of mechanical engineers to 25% of chemical engineers (Figure 3-19; Table S3-12).

he new Russian steel called Severkor for oil pipelines has been created by materials scientists at NUST MISIS in order to reduce the environmental risks of oil production and increase its efficiency due to increased corrosion resistance. A year ago, the first test pipe from the developed steel was installed at the Kokuysky oil and gas field in the Perm Krai territory in Russia. In the fall of 2019, Lukoil company has presented an expert opinion confirming Severkor's unique resistance to the aggressive environment of crude oil and salt solutions.

The global impacts of corrosion are significant and far-reaching, and until recently, so were the negative effects of anti-corrosion coatings on our environment as well as human health and safety. Innovative eco-friendly additives should be good news for economies, industry and ecosystems.

"Corrosion is a dynamic process, more so than even most corrosion engineers realize. It typically has a number of influencing factors that can vary with time and process variables, and so cause corrosion events or upsets to occur. The reason for the lack of appreciation of this situation is that historically long time intervals associated with inspections and off-line measurements do not afford the opportunity to correlate corrosion excursions with operating and process parameters This paper illustrates the importance of implementing an appropriate and correspondingly dynamic means of corrosion appraisal to help manage industrial processes and related corrosion prevention treatments, and to minimize corrosion upsets and failures, and maximize the availability of the plant assets. Value statements are provided that show the potential savings associated with online, real-time corrosion monitoring."

"According to the 2019 Women in STEM Decadal Plan, prepared by the Australian Academy of Science (AAS) and the Australian Academy of Technology and Engineering, every organisation in Australia is increasingly reliant on STEM skills to thrive, whether they operate in government, academia, industry, or the education sector. "All these stakeholders face a common challenge: the need to tackle the significant under-representation of women in the STEM workforce, because we can ill afford to under-utilise all of the nation's available talent. To achieve this requires removing barriers to participation at every point of the STEM pipeline. We must create an environment where girls and women can readily engage in STEM education and then use those skills to progress through their careers to senior levels," the AAS report states. In many ways, the corrosion industry reflects this general state of affairs, being reliant on researchers - investigating both the process of corrosion and ways to control it - and practitioners managing its application."

The Department of Defense's (DOD) Office of Corrosion Policy and Oversight (Corrosion Office) provides information, including the needed funding levels for the military departments' Corrosion Control and Prevention Executives (Corrosion Executives), in its Corrosion Office Annual Reports to Congress. Corrosion Executives are responsible for overseeing efforts to prevent and mitigate corrosion of weapon system programs and infrastructure.

https://www.linkedin.com/pulse/5-disasters-caused-corrosion-samuel-cowlishaw/ Surfside condominium collapses- June 2021: The main contributing factor under investigation is long-term degradation of reinforced concrete structural support in the ground-level parking garage under the housing units. Genoa, Italy Bridge Collapse- August 2018: The bridge was only 51 years old and the steel cables supporting the bridge failed likely due to damage from corrosion. Fall of Railway Traffic Lights- November 2014: A train traveling through England struck the railway traffic lights near an intersection. The post holding the lights fell due to corrosion and then struck by an oncoming train. Sinking of the Erika - December 1999: The Maltese taker broke into two while traveling near the coast of Britany France. Nearly 20,000 tons of oil were spilled. Multiple parts of the ship that had failed were compromised by corrosion. Bhopal, India Incident-December 1984: Corrosion caused toxic gas from a pesticide plant to leak into the atmosphere. More than 500,000 were exposed to the gas and official numbers says the tragedy caused 2,259 fatal victims. Unofficial sources say the number can be close to 8,000 fatal victms. Balcony Collapse at University of Virginia- May 1997: A balcony collapsed during the spring commencement ceremony. Rust had eaten way at the metal rods inside the balcony, which failed under the wight of the attendees. An engineering firm hired by the university said the collapse likely was caused by the failure of one of the four hangar rods that suspended the balcony.

"It's entirely possible that this carnival barker of a CEO will continue finding crafty ways to extract tax breaks and favorable contracts from government entities for the rest of his career. But we should be alive to the ways in which Musk's reputation is built on a faulty foundation of borrowed money and worker exploitation. To Musk, the government is only useful in helping to enrich him, and he otherwise expects it to stay the hell out of his way. The problem is that he is now powerful and rich enough to get his wish. For all his supposed brilliance in developing electric vehicles and rockets, this may be his greatest talent: grifting the government. In doing so, he's creating a roadmap for reform, if politicians care to notice." Now he is reached a new level of rich. What if he gets sideways with the government. What if he picks up his toys and moves to Russia? Mars? This a great example of things to come...

"Mr. Musk has had an assist from Texas. The state has allocated around $30 million in incentives for SpaceX's Boca Chica operations. In 2013, state lawmakers passed a bill allowing Cameron County to temporarily close beach and beach-access points for spaceflight activity, despite the Texas constitution's protection of the public's free and unrestricted access to beaches." An indication that the community doesn't love it. He railroaded his way in and is staying. I think, sadly most will just leave and take the money.

"Formation of a surface layer, whether it is based on an oxide, carbonate, sulfate, or any other compound, is a major factor in corrosion resistance, particularly if the layer effectively isolates the metal substratum from the environment. Such a naturally formed coating must be diffusion- and moisture-resistant to be effective. Ordinary iron does not naturally form an effective barrier; its rust permits oxygen and moisture to penetrate and continue rusting. Thus, unless precautions are taken, such as applying a protective coating over the surface, failure will eventually occur."

The engineering profession won't be exempt from COVID-19 job fallout, but the effects will be temporary. More engineers will be needed than ever before when the world returns to a semblance of normalcy, said Andy Moss, president and owner of M Force Staffing, a Knoxville, Tenn., technical recruiting firm specializing in engineering and manufacturing job placement. "There was already a lack of technical talent before we went into this," Moss says. "This is a horrible situation, but when we come back from it we're going to ramp right back up into the problems we had before. We're not producing enough technical talent to fill the jobs we have." The U.S. Bureau of Labor Statistics projects employment growth for engineers, with nearly 140,000 new jobs expected for engineers from 2016 to 2026. Mechanical engineers were second only to civil engineers in terms of projected new jobs over that time period: civil engineers with 32,200 additional jobs projected and mechanical with 25,300. Industrial, with 25,100 jobs, and electrical, with 16,200, followed behind.

As artificial intelligence tools become more specialized, Moss has one big warning to today's students: stay away from any job AI can take. That doesn't include engineering, though, where there will probably be more jobs created due to the growth of AI, he says. "You'll still have things in engineering design and other aspects of technical work and engineering that a computer just can't do, even if they can think faster than a human."

The hub in South Dallas will be Waymo's "primary operations center" in the state for its fleet of autonomous trucks. The hub will be built to accommodate "hundreds of trucks and personnel" as the company gets closer to launching a full-scale freight-hauling operation using its fully autonomous vehicles - though Waymo has yet to say exactly when that will be.

A report on stablecoins, now circulating among top officials, will kick off a Biden administration bid to bring federal oversight to digital assets

Household incomes are growing Upper-income households have seen more rapid growth in income Income growth has been most rapid for the top 5% of families The wealth of American families is currently no higher than its level two decades ago The wealth divide among upper-income families and middle- and lower-income families is sharp and rising The richest are getting richer faster Income inequality in the U.S has increased since 1980 and is greater than in peer countries

The report provides an overview of the changes occuring with U.S income and wealth inequality. It highlights key trends as wealth increases and addresses which groups of people are being most affected.

Schools across the country are offering less healthy lunch options as they struggle with dwindling supplies, delayed shipments and fewer cafeteria workers.

"Data sharing can also drive better business decisions. Knowing the weather patterns at other farms around the world can prepare growers for shifts in the market, from potential yields to pricing trends. ... "So, bringing that data story together helps individual farmers grow and makes sure they have a sustainable business model."