With the first cargo of liquefied natural gas (LNG) from the Lower 48 states expected to depart Wednesday afternoon from Cheniere Energy Inc.'s Sabine Pass terminal, the global gas market is entering a period of evolutionary change, speakers at IHS CERAWeek said.
“Supporting STEM is a way of preparing students for jobs that aren’t here yet,” said Jason Walls, Duke Energy’s local government and community relations manager for the Asheville area. “It’s about investing in an economy that's evolving,” Walls said. Interviews with economists, K-12 education experts and economic-development experts revealed data don't yet exist that show a causal or correlative relationship between STEM education and an increase an economic productivity.
President Obama sent the final budget proposal of his presidency to Congress on Tuesday, a $4.15 trillion package that will mark the closing rounds of a long-running fiscal battle with Republicans in Congress over the nation’s spending priorities. The proposal would boost total spending by 4.9 percent, mainly as a result of increases in mandatory programs, most notably Social Security, and a rise in interest payments on the national debt.
Not only is America experiencing an historically weak recovery, but there are deeper signs of trouble. A big one: Productivity growth — a key indicator of technological innovation — has been basically flat since the Great Recession, according to official statistics. Are things ever going to get better? Or as singer-songwriter Merle Haggard once put it,“Are the good times really over for good?”
The middle class is no longer the majority in America, according to a new Pew Research Center report on incomes and wealth in the U.S. WSJ's Janet Adamy reports on the implications.
WIPO's third World Intellectual Property Report, "Breakthrough Innovation and Economic Growth" explores the role of intellectual property at the nexus of innovation and economic growth, focusing on the impact of breakthrough innovations. Download report here.
Extraordinary technological breakthroughs over the last 300 years have touched almost every aspect of human activity and transformed the world’s economies. The 2015 report shows how three historical breakthrough innovations – airplanes, antibiotics and semiconductors – fueled new business activity. It examines three current technologies with breakthrough potential: 3D printing, nanotechnology and robotics. And it considers the future outlook for innovation-driven growth.
We are now in the early stages of a third Industrial Revolution, with an entirely different economic logic that is causing fundamental changes in the structure of business.
For an advanced economy such as the United States, innovation is a wellspring of economic growth and a powerful tool for addressing our most pressing challenges as a nation – such as enabling more Americans to lead longer, healthier lives, and accelerating the transition to a low-carbon economy. In fact, from 1948-2012 over half of the total increase in U.S. productivity growth, a key driver of economic growth, came from innovation and technological change.
A year from now, the 2016 presidential primaries will be over, and the nominees of both parties will need to focus in earnest on the broad interests of the American people, not just the parochial concerns of their respective bases. When that time comes, this memo provides the draft of a speech that we believe is critically important for the country to hear on technology and the economy. It is about how America can flourish again, and we invite anyone to borrow from it freely.