Commentary--A hearing this week in Washington will determine whether the United States will lead critical IT innovation in the 21st century. The hearing, to be conducted Thursday by the House Science Committee, will focus on the state of research funding for information technology. Such funding, and the innovation it spurs, is vital to the U.S. economy and national defense. Some historical perspective illuminates what's at stake. In 1957, the launch of Sputnik by the Soviet Union sent a wake-up call to the U.S. In response, the Defense Advanced Research Projects Agency was created and charged with preventing such technological surprises in the future. DARPA funded high-risk, high-reward research and sought to engage the best minds. Since then, innovation in U.S. IT has grown substantially under government-funded research and has been critical to this nation's leadership in technology. DARPA, together with the National Science Foundation, funds most academic IT research in this … [Read more...] about U.S. IT leadership in trouble?
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comment A hearing this week in Washington will determine whether the United States will lead critical IT innovation in the 21st century. The hearing, to be conducted Thursday by the House Science Committee, will focus on the state of research funding for information technology. Such funding, and the innovation it spurs, is vital to the U.S. economy and national defense. Some historical perspective illuminates what's at stake. In 1957, the launch of Sputnik by the Soviet Union sent a wake-up call to the U.S. In response, the Defense Advanced Research Projects Agency was created and charged with preventing such technological surprises in the future. DARPA funded high-risk, high-reward research and sought to engage the best minds. Since then, innovation in U.S. IT has grown substantially under government-funded research and has been critical to this nation's leadership in technology. DARPA, together with the National Science Foundation, funds most academic IT research in this country. … [Read more...] about From U.S. to Asia?
The United States has never experienced a massive Internet outage, but a coalition of dynamic chief executives said Friday that the nation must do more to prepare for that prospect. The cautionary document (click here for PDF) was a product of the Business Roundtable, whose 160 corporate members include companies ranging from Hewlett-Packard, IBM and Sun Microsystems to General Motors, Home Depot and Coca-Cola. All told, the group's high-rolling membership counts $4.5 trillion in annual revenues, more than 10 million employees and nearly a third the total value of the U.S. stock market. Experts remain divided on the likelihood that a "cyber Katrina" will occur, as the round table itself acknowledges. But many sectors of the economy continue to urge the government to be better prepared should such an event occur. Without proper planning, myriad industries--from health care to transportation to financial services--could face devastation if a natural disaster, terrorist or hacker … [Read more...] about U.S. unprepared for Net meltdown, blue chips warn
There is plenty of fear, uncertainty and doubt out there over the upcoming federal ban on incandescent light bulbs.The very thought of losing that pear-shaped giver of warm, yellow light drove Europeans to hoard Edison's invention as the European Union's Sept. 1 deadline on incandescent lamps approached.China's ban on incandescent lamps that use 100 watts or more of power starts Oct. 1. The ban expands to cover any light bulbs that use more than 60 watts in 2014 and to 15 watts in 2016.In the U.S., the situation is different. The Energy Independence and Security Act (EISA) of 2007 is not technically a ban. It's an energy efficiency standard that requires all screw-in light bulbs (also known as lamps) to use 30% less power, beginning with 100-watt bulbs this year. The end standard requires bulbs to use 65% less energy by 2020.If a manufacturer could produce an Edison incandescent bulb that used 30% less power today, the maker could sell it. Since manufacturers can't make such a bulb, … [Read more...] about Light-Bulb Ban Leads to Hoarding in Europe, is U.S. Next?
Banks worldwide may not like FATCA, the massive American disclosure law. But most banks everywhere are still lining up to comply. After all, if foreign banks don’t hand over American account holder details, they can face serious repercussions. Get the Free Tracker App to find a Luvabella in Stock Either directly or through the web of Intergovernmental Agreements (some signed, some in the works), foreign banks are complying. That means FATCA is like a loaded freight train moving down some very greased tracks. And just as financial institutions worldwide must comply, so must American depositors. Worldwide, Americans are scrambling to make sure they don’t have compliance problems and are reporting correctly.Surprisingly, though, one of the complaints has been voiced by some U.S. banks. Turns out they aren’t happy about reporting to the IRS either. The Florida and Texas Bankers Associations filed a court challenge to IRS and Treasury Department rules that force … [Read more...] about Even U.S. Banks Must Aid IRS Hunt For Offshore Accounts
Tests of water samples off the U.S. West Coast have found no indications of radiation from Japan's 2011 Fukushima nuclear disaster, even though low levels of radiation are expected to reach the shoreline sometime in the future, scientists said earlier this week. Get the Free Tracker App to find a Nintendo Switch in Stock The results were processed from water gathered by the Oregon conservation group, which were transferred to East Coast scientists to be tested afterwards. The results were as expected -- no indications of radiation from Fukushima. Five more tests are planned in six month intervals to see if any radiation will be detected in the future."We've seen radiation halfway across the Pacific, north of Hawaii, but in U.S. waters there has been none, yet," Woods Hole Oceanographic Institution senior scientist Ken Buesseler said.Tests of some fish species, which can race across the ocean more quickly than slow-moving currents, have shown higher levels of radiation, although … [Read more...] about Conservation Group Finds No Fukushima Radiation Off U.S. West Coast
Manufacturing jobs (any jobs, really) are a hot-button topic these days, and our President has made no secret of his desire for big companies, and Apple in particular, to make more products here. In a Wednesday interview with Jim Cramer on CNBC’s Mad Money, Apple CEO Tim Cook announced that Apple is creating a fund to promote advanced manufacturing in the United States, and seeding it with $1 billion to start.CBNC.com has the video and a complete transcript of the wide-ranging conversation, and it’s worth a watch. These are the points that most piqued our interest—OK, and one that just made us laugh.Cramer asked Cook straight up, “You’re a huge company. What are you doing to create jobs?”Cook responded that Apple had created 2 million jobs in the U.S., a stat he’d also mentioned in Tuesday’s Q2 earnings call. But this time he broke it down, and naturally those workers aren’t all wearing Apple logos on their shirts. Still, a lot of … [Read more...] about Apple joins ‘Made in America’ trend with $1 billion fund to promote U.S. manufacturing
General Motors will likely face federal criminal charges, as well as hefty fines, for an ignition switch failure that resulted in over 100 deaths. Recent information by individual sources involved in the case adds that individual engineers may be prosecuted as well. Get the Free Tracker App to find a Nintendo Switch in Stock According to the Wall Street Journal, engineer Raymond DeGiorgio designed the switch in 2001 but failed to inform the company of a failure to comply with GM standards. Instead DeGiorgio chose to alter the product in secret and did not internally notate the part for replacement for over a decade.An internal investigation last year and a 315-page report documented negligence on not only the company, but the engineers as well. GM Chief Executive Mary Barra fired 15 employees including DeGiorgio directly following the evidence.Starting in February 2014, GM was forced to recall 2.6 million vehicles due to slipping out of the run gear and may also cut off safety … [Read more...] about GM Inquiry Sets Up Possible Lawsuit By U.S. Officials
December finished high in the job count, pushing what was already a great year for the United States economy to a great year, despite many other countries have a troublesome year. Get the Free Tracker App to find a Luvabella in Stock Nonfarm payrolls increased by 292,000 last month, the Labor Department announced on Friday. The unemployment rate held quite steady at a 7.5-year low of 5%, even as college graduations meant that more people were entering the labor force.Better yet, the payrolls for both October and November were revised to show that there were more than 50,000 more jobs created than previously reported.For a bit of bad news, there was a 1% drop in average hourly wages.There were some fears at the start of this year (and December) that the economy's healthy was on the wayside, especially because there was some weakness expected in the manufacturing and export sectors due to global demand. However, the approaches to fight against those seemed to be successful."It is … [Read more...] about U.S. December Payroll Hints At Promising Economic Future
A report by federal resources revealed that the abortion rate in the U.S. has decreased one third over the past two decades down to a record low. Get In Stock Alerts on Twitter for SNES Classic, Switch and More The lead author of the report, Sally Curtin, a statistician for the Center for Disease Control and Prevention's National Center for Health Statistics specified the numbers by stating that there had only been 17.7 procedures per 1,000 women aged 15 to 44.She also mentioned that it was the lowest rate of abortion since the CDC started to keep track of the abortion rate since 1976.According to the records, the rate of abortions has been declining ever since it peaked in 1980. As per recorded by the CDC pregnancy rates have been declining for women under the age of 30.That is inclusive of a 67 percent reduction for teens which aged 14 or younger and a 50 percent reduction for teens between the ages of 15 to 19.The abortion has already hit the all-time low mark once before in … [Read more...] about U.S. Abortion Rate Drops To An All-time Low