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Welcome to the thirteenth 2021 edition of The Nett Report. We began publishing this report in 2020 to provide our clients and friends with new perspectives and insights in hopes of stimulating creative thinking. Please feel free to forward to a colleague! Links to the 2020 reports can be found here and the 2021 reports here.

 
 

 
 

Climate Change
Evidence of the impact climate change is having on the planet seems to be popping up everywhere in recent weeks.


An unstoppable western drought called worst in 1,200 years

Bloomberg Green reported on June 24, 2021, that a widespread drought is already at historic levels. Conditions are expected to worsen when wildfires start. The report said that “unstoppable drought is rolling over California and the Western U.S. once again, as it has with little interruption since the new century began. Nearly 98% of land across 11 Western states is abnormally dry, and more than 90% covered by some category of drought—the worst levels in the U.S. Drought Monitor’s 21-year history. Reservoirs have drained to their bottoms.” A UCLA scientist is quoted as saying that “by a lot of metrics, it is the most severe drought on record.” Climate change is to blame, making the U.S. Southwest permanently drier. A June 18, 2021, story in The Guardian called this historic drought “the worst in 1,200 years.”


Heat and drought in the west expected to spark wildfires, reduce electricity output

It would be no surprise that the historic drought, excessive heat and dry vegetation in the west will raise the risk of wildfires across the region while causing power demand to increase. An article in Axios on June 25, 2021, says this week’s dome of high pressure will raise temperatures between 25 and 45 degrees above normal across multiple states and British Columbia. Meanwhile, the drought is beginning to impact electricity production. CNN reported on June 18, 2021, that Lake Oroville, one of California’s two largest reservoirs, will shut down its hydropower production for the first time because of low water levels. If the heat and drought create wildfires, solar output can be affected, too. On June 10, 2021, Canary Media reported that western wildfires in 2020 reduced California’s daily solar output in the early weeks of October by as much as 20% due to darkened skies from smoke.


Fish kill on the Klamath River called worst-case scenario

The drought in the west has hit the Klamath River Basin hard. Farmers are not getting water, yet even with those supplies being left to maintain the river environment, fish have been dying since early May, and 97% of the juvenile salmon are infected with the disease C. shasta. 70% of those caught in traps were either dead or would die within days. A drying climate, drought, and heat are all being blamed according to a May 27, 2021, story in High Country News.


Antarctic Glacier disintegration is speeding up, accelerating sea level rise

A June 11, 2021, report in the Washington Post reports that the ice shelf preventing the Pine Island Glacier in West Antarctica from flowing directly into the sea is “tearing itself apart.” The glacier contributes more to sea level rise than any other glacier on the continent and is one of the fastest-melting glaciers in the world. The glacier is not sheltered from the warming ocean by sea ice like other Antarctic glaciers and is now flowing toward the sea “12 percent faster than at the start of 2017.” Scientists fear the loss of the protective ice shelf could accelerate the glacier’s decline which currently adds one sixth of a millimeter to sea level rise each year. Losing the ice shelf could double or triple that rate, and the glacier contains enough ice to cause 1.6 feet of sea level rise.


Sea level rise taking a toll on the Florida Keys

Sea level rise has reared its head in the Florida Keys, where The Guardian reported on June 24, 2021, that the region “is now acknowledging a previously unthinkable reality: it faces being overwhelmed by the rising seas and not every home can be saved.” The city of Marathon recently agreed to “elevate streets to keep them from perpetual flooding, while admitting they do not have the money to do so.” The story says that “once people are unable to secure mortgages and insurance for soaked homes, the Keys will cease to be a livable place long before its fully underwater.”


Houston plan proposes $26 billion sea wall, sand dunes to protect the coast

In the Houston area, consideration is being given to a $26 billion project to protect Galveston Bay from storm surges due to increasingly more powerful hurricanes and sea level rise. A June 26, 2021, story in Wired  says the plan proposed by the U.S. Army Corps of Engineers and the Texas General Land Office would include massive, moveable gates that “will float and swing out of dry docks to close the channel” and protect Galveston Bay. “Each will be 82 feet high—with 22 feet above water when closed—and 650 feet wide—almost twice the length of a football field.” The plan also includes building 43 miles of sand dunes and coastal ecosystem restoration. Legislation to create a governing structure for the project has passed both the Texas House and Senate and the Army Corps' recommendations for the proposal, will go to Congress in September.


Despite the bad climate news, solutions continue to emerge

The news isn’t all bad on the climate front. Solutions continue to emerge. According to a June 11, 2021. story in Canary Media, Caltech “plans to advance a solar-from-space concept that was first proposed by science fiction writer Isaac Asimov in the 1940s.” The idea is to capture solar energy in space and send it to earth as microwaves. Another story, this one in Dezeen, a design and architecture magazine, on June 24, 2021, described a company that believes it can harvest CO2 from the atmosphere to make carbon-negative plastic.

 
 
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The Political Divide

Public colleges in Florida required to survey student beliefs

The June 23, 2021, issue of Letters from an American reports that a new law requires that “public colleges and universities survey students, faculty, and staff about their beliefs in order to make sure the institutions support “intellectual diversity.” Proponents suggest that there are “socialism factories” within the state universities. The law permits students to record lectures without the consent of the professor or other students to be used in legal cases against the school.

 
 

 
 

The Future of Work / The Economy

“I look at all the statistics. Seventy percent of high school valedictorians are women. More than 50% of college graduates are women…Then I find that only 7% of CEOs are women, and only 2% of VC money is going to women. Talk about emerging markets! One of the biggest emerging market opportunities we have in the U.S. is women.” Former PepsiCo CEO Indra Nooyi in CEO Daily on June 24, 2021.


Defaulting on U.S. debt would be catastrophic says Yellen

Another deadline to increase the U.S. debt ceiling arrives on July 31, according to Treasury Secretary Janet Yellen in a June 23, 2021, Business Insider story. Without an increase in the debt ceiling, the U.S. could continue to service its debt into August, but not beyond. Yellen says without the extension there would be a catastrophic default that would “imperil the nation’s economic recovery from the pandemic” that would "precipitate a financial crisis" threatening the jobs and savings of Americans.


New survey of 10,000 knowledge workers say they want flexibility.

New data and insights on the future of work comes from a Future Forum survey of 10,000 knowledge workers, according to a story in CEO Daily on June 16, 2021. 

  • 76% - want flexibility on where they work.
  • 93% - want flexibility on when they work.
  • 56% - are open to new job opportunities that may provide them more flexibility.
  • 21% - are likely to jump ship in order to get that flexibility.
  • Flexibility is second only to compensation in the factors leading people to change jobs.
  • Black, Hispanic and Asian-American workers are more desirous of flexibility, and far more open to changing jobs to achieve it.

Deloitte poll of CEOs shows “surprising” economic optimism

Another poll, this one by Deloitte, reported by CEO Daily on June 25, 2021, revealed what was called “surprising optimism” about the economy. Here are some results:

  • 86% - said cybersecurity is “highly” or “moderately” relevant to their agenda. 
  • 82% - expect to increase spending on technology modernization.
  • 77% - expect their organization's growth to be “very strong” or “strong” over the next 12 months.
  • 73% - said concern over social issues was relevant.
  • 60% - said concern over tax issues was “highly” or “moderately” relevant.
  • 56% - said concern over climate was relevant.
  • 53% - believe the business effects of the pandemic “will largely be over by the end of 2021.”
  • 16% - said cryptocurrency is “highly” or “moderately” relevant to their agenda. 
  • Three-quarters believe corporate taxes are likely to rise.
  • The biggest challenge they face: “talent” more than anything else.

Economic report provides good news nationally and for California

The San Diego Association of Realtors June 2021 Economic Report produced by economist Alan Nevin provided a useful overview of national economic statistics, as well as a look at how California and San Diego are doing. When the pandemic-induced lockdowns began in March 2020, U.S. unemployment was at 4.4%, but by May 2021 was back to 5.8% after reaching a high of 14.8% in April 2020. The nation gained 2,391,000 jobs in the first five months of 2021. People with a bachelors degree or higher now have a 2.9% unemployment rate, with a high school degree its 6.5%, and without a high school degree its 8.2%. Going to school is key to financial success, and San Diego must be the place to do it. The University of California, San Diego, had 118,000 applications for enrollment this year, the highest in the nation. San Diego State University was 10th. A few more statistics about California from the report:

  • 60% of adults moving to California have a bachelor’s degree or higher.
  • More than 50% of the nation’s venture capital went to California in 2020 .
  • In 2020, almost a half million Californians filed for new business licenses (a 22% increase over the year before).
  • California leads the nation in business starts.
 
 

 
 

The Nett Light-Side

Cameraman outruns sprinters in 100-meter race

Petapixel, an online photography outlet, reported on June 12, 2021, on a 100-meter race in China where the cameraman videoing the event outran the racers. The article includes video of the race with the cameraman running ahead of the competitors. One Internet commenter provided this fictitious quote from the cameraman: “I could’ve competed, but I decided to serve a higher purpose.”


Human culture might be driving evolution faster than genetics

Evolutionary theory says that genetics drive change, either through the passage of DNA from parents to offspring or by random mutations which provide survival advantage. A story in the June 1, 2021, issue of ScienceAlert suggests that technologies, such as vaccines, and cultural knowledge might be more important factors. The story says that “Charles Darwin understood that behaviors could evolve and be passed to offspring just as physical traits are, but scientists in his day believed that changes in behaviors were inherited.” Here’s why culture is playing a more dominant role: “culture is group-oriented, and people in those groups talk to, learn from and imitate one another. These group behaviors allow people to pass on adaptations they learned through culture faster than genes can transmit similar survival benefits.”

 
 

 
 

Nettleton Strategies - Helping You Navigate the Big Reset

This is a challenging time for all of us, in a way we have never experienced before. If you would like help navigating your way forward, contact us to learn how we can help!


Carl Nettleton is an award-winning writeracclaimed speaker, facilitator, and a subject-matter expert regarding water, climate, sustainability, the ocean, and binational U.S. Mexico border affairs. Founded in 2007, Nettleton Strategies is a trusted source of analysis and advice on issues at the forefront of public policy, business and the environment.

 
 

 
 
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Nettleton Strategies

P.O. Box 22971
San Diego, Ca 92192-2971
U.S.A.
+1 858-353-5489
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