Economic
NEXT AMERICA POSTING: Careful What You Wish For
Check out the debate over Energy Independence at Next America!
Is Energy Independence A Myth or the Right Goal for America to Pursue?
YPFP members should definitely contribute to this fascinating discussion. Here's my response to the commentary from their website:
While energy independence is a powerful rhetorical concept, and energy security is an important strategic objective, neither phrase has very much to do with reality. It is essential for the health of our economy, the welfare of our citizens, the safety of our environment and the independence of our foreign policy that we recognize we are indeed in on the brink of an energy crisis and take appropriate correctives, but most of the solutions being discussed suffer from two flaws:
Washington DC leading high-tech cluster
With almost 300,000 employees, the DC area surpasses Silicon Valley in number of high-tech jobs, according to a report released by the American Electronics Association. Adding over 6,000 jobs in 2006, the DC area also had the second-largest growth in the US after The Big Apple. Other leading metro areas by high-tech employment were the New York City region (#1), Boston (#4) and Dallas-Fort Worth (#5).
The study’s definition of “high tech jobs” encompassed a variety of fields. While New York City’s is a hub of internet services, Silicon Valley remains the national leader in semiconductor manufacturing. Washington DC’s tech cluster is based around computer system design.
The first city-level report created since the burst of the dot com bubble, the study also warned that stringent visa requirements barring skilled foreigners to work in the United States and lack of qualified American graduates would hinder high-tech competitiveness in the long-term.
Further Reading
American Electronics Report releases Cybercities 2008
Cybercities 2008 on the Business Innovation Technology Society blog
Innovative (and plugged-in) non-profits
As I've written before, our generation of 'digital natives' is also using the internet to change public service. Here are some innovative non-profits I’ve come across recently.
Creative Commons
Operating under the motto of "share, remix, reuse – legally," Creative Commons seeks to further idea sharing and creative thinking by providing an alternative to traditional copyrights. Founded in 2002 while Stanford law professor Lawrence Lessig was arguing Supreme Court case Eldred v. Ashcroft, Creative Commons licenses fall between the private domain (all rights reserved) and the public domain (no rights reserved). By selecting the degree of restriction, creators are able to maintain their rights while inviting derivative works based on their own.
The Associated Press and 'fair use'
Mind the gap: England's brain drain
The United Kingdom will need to attract highly-skilled foreign workers in order to maintain a competitive economy, said the London–based Work Foundation this week.
Their report, which highlighted key trends in migration and future obstacles for British companies, warns that a hostile environment towards migrants could harm the ability of firms to attract skilled, talented workers that are desperately needed in the UK. National debates about immigration combine low-skilled and highly-skilled migrants, forcing politicians into the precarious balance of being open to talent and growth while not appearing weak on national security.
A snag in the pipeline
A gas OPEC is in the offing. That is a major danger for the West, even if it were to create one potentially valuable opportunity.
Europe is dangerously dependent on Russia for natural gas. Not only does the continent as a whole rely on Moscow for half of the gas it consumers, but almost half of the European Union's member states are subject to crippling Russian control over their energy sectors through Russian ownership of pipelines and strategic companies or their near-total reliance on Russian gas (and, sometimes, both). That not only leaves a large part of Europe vulnerable to geopolitical pressure from Moscow, but highlights a looming strategic challenge to Western interests: the development of a Russian-led OPEC for natural gas.
Democrats’ War Spending Strategy Riles Many
Democrats are close to unveiling their complex strategy for the supplemental spending bill, but their plan to speed its passage faces a number of obstacles.
With the hope of streamlining the process and finishing work on the measure by the Memorial Day recess, Democrats have signaled that their strategy for the supplemental could bypass both Appropriations committee markups and even a House-Senate conference on the bill.
But Republicans and even some Democrats are opposed to such a strategy, saying that if too many lawmakers are left out of the process, the result could be even longer delays in the bill’s enactment.
Farmers, Consumers Squeezed by Middlemen
With global grain stocks at record lows and soaring prices for agricultural products, new attention is being paid to which farming methods are best poised to meet global food needs.
The United States and Europe have long utilised large-scale industrial farming -- which has generated enormous increases in output -- but this method is coming under increasing scrutiny over concerns about monopolistic behaviour and sustainability. In order to increase output in a sustainable way, agricultural experts are increasingly looking to alternative models, or at least significant alterations to the existing industrial one.
Declining Dollar Hurts Remittance Recipients Abroad
As the value of the dollar continues to decline relative to other currencies, some of those most affected don't even live in the United States. Instead, they are citizens of developing countries who receive remitted dollars from family and friends working abroad. For them, the weakening dollar is particularly crippling because it either converts into less local currency or, for those in countries with pegged currencies, can't keep up with local inflation.
It's a situation roughly similar to American travelers in Europe discovering that it now costs $4.77 for a Big Mac, whereas a year and a half ago the cost was only $3.77. The dollar is no longer going as far as it once did, and the decline is pinching the incomes of remittance recipients -- often the poorest -- and prompting shifts in international migration patterns. Policymakers in developing countries need to act soon to reduce the costs and unpredictability of remittances and ensure that social safety nets cover those who are harmed.
Increasing aid effectiveness: harmonization is the key
Since the inception of the Marshall Plan post World War II, the United States has been one of the most active and generous aid donors to the developing world. Unfortunately, over the last few decades, our aid and trade policies have become increasingly fragmented and, at times, even contradictory. In order to increase aid effectiveness and best serve the interests of the U.S. and aid recipients, we must work towards harmonizing aid and trade policies towards developing and least developed countries.
The aid debate often centers around two primary approaches: increasing versus decreasing foreign assistance. However, as the recently released HELP Commission report has highlighted, we must also consider national aid harmonization. In order to ensure maximum impact for U.S. taxpayer’s investment, we must look beyond the stale aid budget questions and address harmonizing and rationalizing the U.S. aid system. The U.S. government currently has over 20 different agencies working on various foreign assistance-related issues. The U.S. has already begun streamlining efforts though through the establishment of coordinating bodies such as the “F Process” at the State Department and the HELP Commission; it is imperative these efforts continue to be explored. By finding ways to align these agencies we will be better positioned to effectively implement programs to the neediest countries.









