A robust and innovative start-up sector is key to sustainable economic growth. For innovation to occur, however, enterprises must have both the incentive and the capacity to invest. Incentives are multi-faceted and heavily reliant on the overall investment climate. Capacity depends on the education level of employees and management, their experience in rapid adaptation of products and processes, and their access to funds for R&D and commercialization.
The United States steel industry is experiencing the greatest crisis in its history due to record import surges and cheap steel that is flooding global markets from Chinese state-owned and subsidized companies. The result is a steep loss of U.S. production capacity along with thousands of jobs. The impact, as described using the terms by those in the industry, has been "devastating" with long-term "severe" economic consequences for the United States.
When it comes to the explosion of opioid abuse in the U.S., large employers are footing a big chunk of the bill. Nearly one-third of painkiller prescriptions funded by employer plans are being abused, according to a new report from benefits firm Castlight.
The United States is expected to be the most competitive manufacturing nation, moving China into the number two position by 2020, according to the 2016 Global Manufacturing Competitiveness Index report from Deloitte Touche Tohmatsu Limited (Deloitte Global) and the Council on Competitiveness (Council). The rankings also reveal a shift among the world’s traditional manufacturing powerhouses due to the Asia Pacific region’s rising influence and declining strength in European and BRIC countries (Brazil, Russia, India and China).
The core of our claim is that the convergence of enormous and continuous advances in computing power, the Internet of Things, broadband speeds, cloud computing, mobile applications, artificial intelligence, robotics and nanotechnology inevitably will unleash a broad range of new, disruptive products and services that none of us can foresee now.
While there are certainly differences between the heavy equipment and manufacturing industries, there are similarities between the natures of the skills gap affecting their workforces. These connections between the experiences provide a broader context for the challenges facing businesses due to the shortage of technical workers.
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.