Council on Foreign Relations – Romney seems to be already aligning with House Republicans, such as Rep. Paul Ryan, who argue that budget cuts to entitlements and tax cuts are the combination of policies needed to reduce U.S. debt and kick-start the slumping economy.
The approach underscores the philosophical differences between Republicans and Democrats. The former tend to favor the strict austerity approach being mandated by German and EU leaders. President Obama and other Democrats, meanwhile, tend to argue for more stimulus to generate growth in the short term, while arguing for a long-term plan to reduce deficits and the debt—similar to that advocated by French president-elect Francois Hollande. more> http://tinyurl.com/8yq9ery
By Luke Baker – For the first time in more than two years of debt-crisis meetings, the leaders of France and Germany have not held their own mini-summit beforehand to agree positions, marking a significant shift in the traditional Franco-German axis.
Instead, new French President Francois Hollande will meet Spanish Prime Minister Mariano Rajoy in Paris to discuss policy, before the pair travel to Brussels for the 1800 GMT summit.
Despite fears that Greece could exit the currency bloc, Spain, where the economy is in recession and the banking system is in need of wholesale restructuring. more> http://tinyurl.com/cqxsko8
Posted in Banking, Economy, Leadership
Tagged Capital, Currency, Ecology, Financial crisis, François Hollande, Government, Mariano Rajoy, President of France, Prime Minister of Spain, Super regions
R&D Mag – Plans to create the world’s first carbon-neutral higher-speed locomotive were announced this week by the Coalition for Sustainable Rail (CSR), a collaboration of the University of Minnesota’s Institute on the Environment (IonE) and the nonprofit Sustainable Rail International (SRI). CSR draws on the carbon-neutral solid biofuel research expertise of the University of Minnesota and the modern steam mechanical engineering capabilities of SRI to develop the most powerful carbon-neutral locomotive to date.
The success of CSR Project 130 has implications that extend beyond the railroad industry, proving the viability of biocoal for use in the developing world. Locomotive engineering on combustion and boiler technologies allows CSR to design power boilers and electric generators on scales from 5 to 5,000 kW. This technology is adaptable for homes in villages of the developing world as well as for use in the U.S. Every dollar spent on engineering support of CSR Project 130 can generate up to three times the benefit in outgrowth technologies to solve energy problems in the United States and around the world. more> http://tinyurl.com/76y6spd
Posted in Economic development, Energy & emissions, Product, Technology, Transportation
Tagged Industrial economy, Manufacturing, Organization, Physics, Productivity, United States, University of Minnesota
CONGRESS WATCH Senate Amendment 2122 in the Nature of a Substitute to S. 3187, the Food and Drug Administration Safety and Innovation Act CBO Analyzes Effects of Fiscal Restraint Scheduled Under Current Law Economic Effects of Reducing the Fiscal Restraint … Continue reading