With the 2012 election completed Washington faces a daunting overhang of substantial economic, fiscal, and governance problems. Reform must begin now. Yet from where will the impetus for progress come? In a different era, the federal government might have launched decisive initiatives on its own to restructure the economy, address the budget, and renew governance.
Each year, Money magazine sets out to identify the “100 Best Places to Live in America.” As we noted when we reviewed the magazine’s 2009 list here, the American appetite for rankings and hometown pride drives a plethora of such lists. Reflecting America’s “small town” mythology and nostalgia, Money’s focus in both 2009 and 2011 was on small-to-medium sized communities (populations between 8,500 and 50,000) with a desirable location (within 60 miles of a major airport) and a modicum of diversity (less than 95 percent white).
Note: This post has been updated to correct an editing error. As President Obama wraps up his bus motorcade today in Western Illinois, he’ll find himself in proximity to one of the few bright spots of a recovery so halting it still feels like a recession: exporters Exports have been a quiet hero during the last few years.
Can U.S. firms--and workers--still make things here at home? For the past six weeks, ABC News has been examining this question in its “Made in America” series. This past week, they visited a group of small “Manufacturing All Stars” across the country, including Annin Flagmakers outside the Columbus metro, Channel Craft Toys in greater Pittsburgh, and Nordic Ware, a family owned kitchenware manufacturer in Minneapolis. What did they learn?
Germany vs. Spain. Texas vs. Florida. These aren’t predictions for the next World Cup final or BCS title game but rather examples of the regional divergence in economic performance and fiscal outlook described by Gillian Tett in the Financial Times last Friday. She argues that while international attention has been focused on the divergence of the Eurozone (between countries with strong, growing economies and those without), the U.S.
Efforts to boost U.S. competitiveness feature prominently in the administration’s FY 2012 budget. Significantly, the proposal expands the nation’s export playbook because growing exports requires more than trade and currency policy tweaks.
With American CEOs gathered at Blair House for a discussion on the economy this morning, the overriding challenge for the president and business is twofold: how to grow jobs in the near term while retooling the economy for the long haul. The United States cannot return to an economy characterized by excessive, debt-leveraged consumption. Rather, we want to move forward to an economy driven by exports, powered by low carbon and fuelled by innovation. The playbook of our competitors is quite straightforward: invest with public and private capital in the things that matter (e.g., first class infr
On November 3, the day after the midterm elections, 37 “governors elect” will begin to organize or reorganize their governments. This year will bring added drama to what normally is a low-key exercise. With Washington mired in hyper-partisanship and the economic recovery sluggish, voters will look to governors to help boost job creation in the near term and retool their economies for the long haul.
Yesterday we contributed to the growing buzz around cluster practice and policy with a big event at the Mayflower Hotel, co-hosted with our friends at the Center for American Progress, the Council on Competitiveness, and the National Association of Development Associations. But leaving that aside, it’s interesting to note, and try to explain, the extent to which regional industry or innovation clusters are back in the mix this fall. Readers of this blog have followed the extent to which clusters—geographic concentrations of interconnected firms and supporting and coordinating organizations—are
This week’s Economist references an intriguing study by Boston Consulting Group, entitled “Winning in Emerging-Market Cities.” The study provides a granular, market savvy, and business relevant interpretation of the urban revolution underway in developing nations across the world. The new world order is an urban order. For the first time, more than half of the world’s population now lives in cities and their metropolitan environs.