I believe the most important thing Americans must do is to secure their economic well-being in an increasingly challenging, complex world. What I have written about all these years is the process of creating wealth, not for any one individual, but for the United States as a whole. Ever since I was a young correspondent witnessing the emergence of China after the country opened in 1979, I’ve believed we have to get more serious about creating wealth. I retain faith in the resiliency of the U.S. economy and the enterprise of American people. If Americans have the right strategies, we can once again create widespread wealth. Come with me on this journey.
Is A Newly Revived U.S.-Saudi Alliance Changing the World?
December 18, 2014
I don’t usually venture into the realm of petroleum, but I’ve been to two events recently, one private and one public, that suggest that the entire world order is changing because of the collapse of oil prices. It could be that it is a confluence of factors and that there is no specific collaboration between […]
Universities Try to Create More “Spin Outs”
December 18, 2014
The Wall Street Journal has been doing an excellent job writing about how universities are approaching the subject of technology transfer, a favorite subject of mine. Here is their latest effort, below. My bottom line response is that universities are not organized to create businesses and have the wrong skills sets and the wrong set […]
This important, but disappointing, story from the Wall Street Journal
December 15, 2014
Business U.S. Manufacturing Rebound Lags Behind Work Sent Abroad America Is Getting More Competitive, but Reshoring ‘Not What It’s Cracked Up to Be,’ Study Finds ENLARGE Stanley Black & Decker opened a plant in Charlotte, N.C., a year ago to assemble some power drills and other tools previously made only overseas. But that factory relies […]
The 2015 Overseas Press Club Foundation winners
December 13, 2014
One of my passions is the Overseas Press Club Foundation and we have just selected 15 college students to come to New York and receive scholarships and fellowships in support of their dream of becoming foreign correspondents. That will happen on February 20 at the Yale Club in mid-town Manhattan. Here are the winners: Congratulations […]
More Great Thinking from Brookings
December 12, 2014
What States Need to Do to Grow Their Advanced Industries by Bruce Katz,Mark Muro | December 12, 2014 Voters said unequivocally in this year’s midterm elections that economic growth and quality jobs are their top concerns. The divided federal government that resulted from those elections seems likely to take incremental but not transformative […]
Has Anybody Noticed the Japanese Yen?
December 7, 2014
I haven’t read or heard one bit of commentary on the spectacular plunge in the value of the Japanese yen. It has been stable in the region of 100 yen to the dollar for years but in the space of a few short weeks, it has fallen to 120 yen, a movement of 20 percent. […]
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