Blog
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.
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. […]
Materials Get a Makeover
December 2, 2014
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
December 2, 2014
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
November 24, 2014
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 […]
