This year, billionaire CEO Elon Musk reached several milestones across Tesla, SpaceX and Starlink. WSJ reporters Rebecca Elliott and Micah Maidenberg break down some of his biggest moments in 2021 and what’s to come in 2022. Illustration: Tom Grillo.
In-Depth Features.
A global look at the economic and cultural forces shaping our world.
The rich world is ageing fast. How can societies afford the looming costs of caring for their growing elderly populations? film supported by @Mission Winnow.
00:00 The wealthy world is ageing.
01:17 Japan’s elderly population.
02:11 The problems of an ageing world.
04:01 Reinventing old age.
05:48 Unlocking the potential of older years.
07:09 Reforming social care.
08:20 A community-based approach.
11:08 A fundamental shift is needed.
Read our special report on ageing and the economics of longevity here: https://econ.st/3EwnCV3
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Trivergence is starting to affect every industry. In financial services, the wallet has become a smart app that can collect data and learn. On a blockchain, users can exchange, save, borrow, invest and protect this digital money peer-to-peer without the intermediation of banks. In manufacturing, 3D printers are manufacturing aircraft parts in a Boeing facility with a blockchain network facilitating all the patented files, contracting and payments peer-to-peer. Telecommunications companies are no longer negotiating complex, costly and ever-changing roaming agreements, but using blockchain-based smart contracts among providers to automate the web of payments and settlement globally.
Over time, the Trivergence will usher in a next-generation internet where nearly every animate and inanimate object on Earth generates data, a distributed ledger records and secures this data and AI analyzes the data, communicates with the objects, alerts their owners and continuously adjusts and improves the efficiency of the economy and the sustainability of its effects on the environment.
New business models enabled by this Trivergence are beginning to disrupt many industries and provide platforms for innovation in the economy for decades ahead. This second era has weighty implications for every business, government and individual, as well as technology strategy, architecture and leadership. If we can overcome the dark side — and that’s a big “if” — this Trivergence helps us reclaim our digital identities, effectively fight climate change and help solve some of the world’s most intractable problems.
The Egyptian Space Agency (EgSA) has signed a Memorandum of Understanding with the Ukrainian Space Agency. The parties signed the MoU for cooperation in space and the peaceful use of outer space for various purposes. The primary goal is to activate mechanisms for cooperation in space activities, research and exploration for peaceful purposes. The MoU also encourages exchanging knowledge and experience between the two countries and leveraging available human resources and techniques.
The Egyptian Space Agency and the Ukrainian Space Agency signed the MoU through Dr Mohammed Al-Qussi, the Egyptian Space Agency CEO and Mr Volodymyr Tavatai, Head of the Ukrainian State Space Agency. Furthermore, the signature was in the presence of Dr Rania Al-Mashat, Minister of International Cooperation, and His Excellency Yulia Sveredenko, First Deputy Prime Minister of Ukraine and Minister of Economic Development and Trade of Ukraine. The signature also came during the eighth session of the Egyptian-Ukrainian Government Committee.
Another aim the MoU intends to realise is enhancing and facilitating the exchange of visits and bilateral meetings and workshops in various research activities. It also seeks to promote the provision of training and raise the efficiency of Egyptian specialists. The MoU will also help EgSA build capacity in space project management, develop advanced manufacturing techniques for space applications, and other priority hubs for both sides.
Hyundai announced that it is shutting down its internal combustion engine development team as the automaker focuses on electric cars.
For 40 years the Korean automaker has been developing internal combustion engines to use in its vehicle lineup, but no more.
The Korea Economic Daily reports that Hyundai’s new R&D chief Park Chung-kook confirmed in an email to employees that they are shutting down new engine development:
Any discussion on UBI eventually boils down to a question of belief in the nature of humans and the role of government. Most analysis further add wood to the fire by fueling these discussions instead of proposing valid alternatives which addresses these differences. It usually boils down to the classic question of handouts, who should pay for it, and why should we pay for it. Yet the answer lies right before our very eyes. The most valuable commodity today is data not oil or gold. Data wealth is a direct outcome of data diversity, data representation and data scale (i wrote a post on that recently which expands on that, if you’re interested). So, Instead of giving away our data for free to trickle-down techno believers (who may or may not give some of it back), pay me for it. I’ll fund my own income, thank you very much. Every human is unique. Therefore we are all data billionaires. This comment is a charitable contribution to the new data economy by the Marc O Principle; Things are not always as complex as they seem.
How is Cuba’s one dose vaccine working 🤔
HAVANA, Dec 20 (Reuters) — Cuba has vaccinated more of its citizens against COVID-19 than most of the world’s largest and richest nations, a milestone that will make the poor, communist-run country a test case as the highly contagious Omicron variant begins to circle the globe.
The Caribbean island has vaccinated over 90% of its population with at least one dose, and 83% of the population is now fully inoculated, placing it second globally behind only the United Arab Emirates among countries of at least 1 million people, according to official statistics compiled by ‘Our World in Data.’
What is Cuba’s secret? While many of its neighbors in Latin America, as well as emerging economies globally, have competed for vaccines produced by wealthier nations, health officials say Cuba vaulted ahead by developing its own.
Europe will soon produce a strategically vital component in the modern global economy as US semiconductor giant Intel chooses the site for a new cutting-edge chip factory.
Recent problems in global supply chains have highlighted the fundamental importance of semiconductors, which are used in a growing number of products including cars, TVs and smartphones.
Keen demand and the closure of semiconductor plants, particularly in Asia, due to pandemic disruptions led to a global chip shortage and forced car manufacturers such as Ford, Nissan and Volkswagen to scale back production.
And kick off a new cosmic economy.
NASA’s probe knows where it’s going, but it has no idea what it’s going to find.
That’s the crux of the challenge for Psyche, a spacecraft slated to blast off in 2022. Its target? An asteroid of the same name. Called “16 Psyche,” it’s one of the 1.1 million to 1.9 million large asteroids we know are in the asteroid belt between Mars and Jupiter. But information about 16 Psyche is scant. Scientists know it’s shaped like a potato, and the light that reflects off its surface suggests the asteroid is “unusually rich in metal,” according to a recent press release from NASA’s Jet Propulsion Laboratory.
That makes it an attractive scientific target because it could be a relic of our solar system’s earliest days. The uncertainty is a huge challenge for the mission. Without much information about its density, mass, or spin, the mission team is depending on data from Psyche to plan its encounter with the asteroid.
Some engineered living materials can combine the strength of run-of-the-mill building materials with the responsiveness of living systems. Think self-healing concrete, paint that changes color when a specific chemical is detected or material that could reproduce and fill in a crack when one forms. This would revolutionize construction and maintenance, with wide-reaching economic and environmental implications.
Seeing this new category of adaptive materials on consumer shelves may be a ways off. Still, critical early research from the University of Minnesota sheds new light on this exciting advancement, which shows promise beyond building materials, including biomedical applications.
In a new study in Nature Communications, researchers from the College of Biological Sciences demonstrate how to transform silica — a common material used in plaster and other construction materials — into a self-assembling, dynamic and resilient material.
