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 […]…
Category: blog
Has Anybody Noticed the Japanese Yen?
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. […]…
Materials Get a Makeover
Computer modeling accelerates development of substances with special properties Researchers are using advanced modeling software to manipulate materials at the molecular level, giving them properties that enable once-unthinkable products. By accelerating the rate at which new materials are developed, simulation is reshaping the modern world. By William J. Holstein Materials are the building blocks of […]…
Why Retail Sales Are Going to Continue To Disappoint
I’ve argued for years that the American economy has to restructure itself to be less dependent on consumer spending and more dependent on value-creation activities such as manufacturing. This article from today’s Wall Street Journal is the latest piece of evidence that retail spending is in a permanent, secular decline: Basic Costs Squeeze Families Health […]…
The Global Economic Implications of The Bill Cosby Tragedy
Talk about link bait. Gotcha. No, seriously, I do have a point to make. I’ve seen some excellent commentary about how so many people were unwilling to accept even the possibility that Bill Cosby drugged and raped women. He was a symbol to white people that relations with Blacks could be positive. And he was […]…
