By Bruce Katz – With presidential politics in high gear, the United States appears to be heading for a frustrating year of partisan conflict and policy gridlock. In previous decades, individual states have acted as “laboratories of democracy”. This moment finds U.S. metropolitan areas providing the sort of innovation and leadership sadly missing in Washington, and, in doing so, forming what might be called the “United Metros of America.” Three particular trends are of note.
- First, metros are pursuing strategies that build on their distinctive strengths in the global economy
- Second, metros are looking abroad for new growth possibilities
- Finally, metro innovations are inspiring states to catalyse and reward bottom-up economic growth strategies
The most significant political event of 2012 may not be the presidential election but the emergence of the United Metros of America and the potential for national renewal from the ground up. more> http://is.gd/rIUF5m
Posted in Business, Economic development, Leadership
Tagged Bruce Katz, Elections, God, Government, Industrial economy, Jobs, Politics, President, United States, Washington
By Christoph Steitz – Germany’s exit from nuclear power could cost the country as much as 1.7 trillion euros ($2.15 trillion) by 2030, or two thirds of the country’s GDP in 2011, according to Siemens (SIEGn.DE), which built all of Germany’s 17 nuclear plants.
“This will either be paid by energy customers or taxpayers,” Siemens board member Michael Suess, in charge of the company’s Energy Sector, told Reuters in an interview. more> http://is.gd/x4nKqi
By R. Colin Johnson – As touch-mania swipes across all markets, many applications look to upgrade to multitouch but can’t afford the high price of capacitive touchscreens. Now automobiles, appliances, medical devices, and low-end smartphones can retrofit multitouch gestures to resistive-touchscreen designs, or create inexpensive alternatives to capacitive touchscreen products, by merely upgrading their controller-chips to Freescale Semiconductor Inc.’s new Ready-Play solution. more> http://is.gd/EOnMNH
By Michael Patterson, Whitney Kisling and Inyoung Hwang – Amgen Inc. (AMGN), Hewlett-Packard Co. (HPQ) and 1,971 other U.S. companies repurchased $397 billion of stock last year, while they issued $169 billion of new equity, data compiled by Birinyi Associates Inc. and Bloomberg show.
Shrinking supply supports prices and shows valuations are so low that executives would rather buy back shares than spend the cash to expand, according to Columbia Management Investment Advisers LLC and USAA Investment Management Co. more> http://is.gd/CprHo7
Posted in Business, Economy
Tagged Amgen, Berkshire Hathaway, Birinyi Associates, Bloomberg, Business, Capital, Hewlett-Packard, Industrial economy, Reuters, Warren Buffett
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