R&D investment

Déjà vu Dot Con

pets.con sock puppetThere is much talk, much too late of course, about the JOBS act. We warned about this inappropriately titled bill earlier, but as usual, when corporate lobbyists want, corporate lobbyists will get in Congress, no problem. The bill passed and was signed into law, despite having almost nothing to do with real jobs. Dealbook overviews what Wall Street is discovering after the Jumpstart Our Business Startups bill was passed, oops.

Provisions tucked into the so-called JOBS Act, or the Jumpstart Our Business Startups, will roll back some major securities regulations and parts of a landmark legal settlement struck almost a decade ago. That 2003 settlement built a Chinese wall between Wall Street research analysts and investment bankers, an effort to prevent analysts from improperly promoting stocks to help their firms drum up business from corporate clients.

Now many are pouring over the nitty gritty to see what this bill really does. It ain't lookin' too pretty. While being billed as something to give start up companies more sources of funding and flexibility, instead the bill appears to be a re-awakening of the great Dot Con IPO ripoff circle jerk that was going on from 1994-2001.

We're Losing Our High Technology Advantage America

Howz that globalization workin' out fer ya? A new National Science Board report, Science and Engineering Indicators 2012, finally shows some bleak statistics for American Scientists and Engineers. High-technology manufacturing has lost 28% of jobs since a 2000 employment high of 2.5 million. That's 687,000 jobs. Below is the NSB report graph of the drop in high-tech manufacturing employment for the last decade.

hightechemp

U.S. employment in high-technology manufacturing reached a peak in 2000, with 2.5 million jobs. The recession of 2001 provided the first big hit causing “substantial and permanent” job losses, the report said. By the end of the decade, more than a quarter of the jobs were gone.

NSB committee chair Dr. José-Marie Griffiths:

We’re seeing the result in the very real, and substantial, loss of good jobs

The Horizon Project

You have probably never heard of the Horizon Project or even Ralph Gomory and William Baumol and their book on Trade and Conflicting Interests..

But, these policy proposals are unique, innovative and deserve strong consideration and discussion.

The Horizon Project's Agenda:

Project members believe we need to act now - on economic & trade policy issues, education, health care and public infrastructure investment - to stave off the rosion of our competitive advantages and the loss of the nation's middle class base