american economy
Here's The Biggest Problem In The American Economy
www.businessinsider.com
Several factors have come together to produce a frustratingly weak economy that has persisted in the U.S. for more than a decade: "Globalization" has opened up a vast pool of billions of workers who work for much less than Americans. This, in turn, has resulted in companies shifting formerly middle-wage-paying...
Darrell Issa Asks To 'Observe' Next Round Of TPP Negotations
www.techdirt.com
Starting next week, the next round of negotiations in the Trans Pacific Partnership (TPP) will be taking place in San Diego. We've been discussing how the USTR has been fine with giving lobbyists like the MPAA full access to the text, which they can read any time via their own...
JACK BOGLE: This Facebook Fiasco Is What Happens When All The Parties Involved Are Greedy
www.businessinsider.com
Vanguard Senior Chairman and founder Jack Bogle told CNBC TV today that he was not surprised by Facebook's lackluster performance during its initial public offering on Friday. Denigrating the greedy atmosphere surrounding the IPO process, he suggested that investors expecting shares of Facebook to repeat the massive pop investors have...
Mobile carrier CEOs verbally spar at CTIA roundtable
venturebeat.com
When the CEOs of AT&T Mobility, Verizon Wireless, Sprint, and T-Mobile sit together on the same panel, sparks fly. Just as they did a year ago, these prominent CEOs sat down today at CTIA Wireless conference to talk about the mobile industry. The keynote session was led by CNBC...
Facebook's first intern leads small business revolution
venturebeat.com
Whether they mean to or not, all small businesses from tech startups in the center of Silicon Valley to quaint cupcake shops in South Carolina create digital ripples. Radius has raised $12.4 million to measure these ripples and turn them into actionable sales insights. Radius crawls the internet for information...
Silicon Valley and NYC Mayor Bloomberg launch 'March for Innovation' to help reform US immigration
thenextweb.com
New York City Mayor Michael Bloomberg and prominent tech leaders have launched a new endeavor to shape immigration reform in the United States. Called “March for Innovation“, it’s goal is to make sure that Congress pays attention to the needs of entrepreneurs and the tech industry, as well as understand...
A Train Ride From Washington To New York Reveals What's Wrong With The Economy
www.businessinsider.com
AS YOU pull out of Washington's Union Station on a north-bound train, you glide through a thicket of construction cranes erecting new offices and residential buildings. The view couldn't be more different some 45 minutes later, as one passes block after block of decaying rowhouses in Baltimore's inner-city neighbourhoods....
THE MOST IMPORTANT STORY IN AMERICA: Average Family Net Worth Collapses 40% In 3 Years
www.businessinsider.com
Yesterday, the Fed released its latest Survey of Consumer Finances. The report included a lot of depressing data about the financial situation of average Americans. But nothing was so shocking and depressing as this: The median net worth of American families dropped nearly 40% from 2007 to 2010. Wow. Most...
LIVE DEBATE: Walmart Should Pay Its Employees More
www.businessinsider.com
Walmart made $26 billion of operating profit last year. Walmart pays its average "associate," of which it has about 1.5 million in the U.S., just under $12 an hour. This equates to an annual salary that is below the poverty line. Like other healthy corporations, Walmart could afford to...
How Many Kinds Of Immigrant Visas Does It Take To Staff A Startup?
readwrite.com
Guest author Michael J. Petrucelli is the founder and executive chairman of iClearpath, an online immigration startup. Despite the United States' rich history as a haven for ambitious immigrants, many foreigners looking to work in the U.S. have had to cope with increasingly restrictive immigration policies. As a result, the...
Is American economic growth over? A TED debate on progress
arstechnica.com
slworking2 LONG BEACH, CA—“Could it be that the best years of American economic growth are behind us?” asked Robert J. Gordon, a professor of social sciences at Northwestern University, during a session of this week's TED2013 Conference. The session, called "Progress Enigma," asked speakers to tackle the concept of...
Legislators rally against possible Xbox 360 import ban
www.geekwire.com
It’s not often that Congress argues in favor of video game consoles, but it appears all bets are off when the issue is patents. Members of the U.S. House of Representatives from both parties have been writing letters to the International Trade Commission, siding with Microsoft and others in the...
Here's The Chart That Might Get Obama Fired...
www.businessinsider.com
Yesterday, I explained why Mitt Romney's economic plan won't fix the economy. Mitt Romney's plan won't fix the economy because the problem in the economy is not that rich people and companies don't have enough cash to invest--they have plenty. The problem is that the middle-class doesn't have any money...
It's Time To Focus On Creating Value, Not Profit
www.businessinsider.com
Since the late 1970s, when American companies were fat and complacent, the focus of American capitalism has been on the bottom line. Spurred on by activist shareholders, private-equity firms, and bonuses based on stock prices, corporate managers have become obsessed with maximizing quarterly profits. This new focus has produced remarkable...
Congratulations, Facebook!
www.businessinsider.com
Eight years ago, you were a dorm-room coding project. Now, you're a global service used by 1/8th of the world's population. You're generating $4+ billion of revenue and $1+ billion of profit. You're more than 3,000+ employees strong. You've revolutionized the way people communicate and share information. You've made thousands...
JetBlue creator to Ford CEO: “We all thought you were insane”
tech.fortune.cnn.com
Ford CEO Alan Mulally has given the auto manufacturer a makeover, and it seems to be working. But to continue to succeed, Ford will have to make smaller cars, grow globally and go green. By Shelley DuBois, writer-reporter Ford’s F-150 truck conjures up images of mudding and hauling huge loads....
Just The Latest Example Of Why Amazon Is One Of The Most Successful Companies In The World
www.businessinsider.com
Way back in the ancient days of the 1990s, a few thousand ecommerce startups were vying to take over the world. One of them, Amazon, grabbed an early lead. And it has maintained that lead right through to today. In the ~15 years since it sold its first book,...
Google encouraged $80B in US economic activity last year, aims to get more businesses online
9to5google.com
Google is touting its successes again by explaining how it helps boost American business. Vice President of Americas Sales Margo Georgiadis took to the Official Google Blog to first spew some economic statistics: The growth of our Internet use has naturally helped the ecommerce industry to expand rapidly over the...
How to support immigration reform: Join the virtual march on Washington
venturebeat.com
This is a guest post by Brad Feld, a managing director at Foundry Group. With the immigration debate in Washington heating up, Americans across the country recognize that we need smart and practical solutions to help reform our country’s broken immigration system. Our immigration laws haven’t been significantly updated in almost...
This business startups act is a hucksters' charter | Dan Gillmor
www.guardian.co.uk
It should be easier for innovators to issue shares, but in its haste to look pro-enterprise, Congress has not done due diligenceBarring some last minute complications, Congress will soon give its final approval to legislation that backers say will aid the American economy by giving a big boost to entrepreneurship....
Amanda Palmer brouhaha exposes the dark side of crowdsourcing
gigaom.com
Is it right to ask for (and use) free labor? That’s the question that erupted after Amanda Palmer, former lead singer of the Dresden Dolls and a fixture on the Boston music scene, posted a request for musicians to back up her band on its new tour. Palmer wrote that she needs...
Harvard's wise men tell Silicon Valley: our country is losing its competitiveness
venturebeat.com
A trio of Harvard Business School professors made a stop in Silicon Valley to warn that the economic competitiveness of the United States is lagging behind other countries. Their message was laced with hopes that entrepreneurship will save the country, but the facts they carried with them would depress...
New Will.i.am and Britney Spears Video Also Stars a Makerbot 3D Printer for Some Reason
betabeat.com
(Screencap: YouTube) When you mull the future of manufacturing, the first thing that inevitably comes to mind is how we can effectively mass produce the American economy’s cornerstone product: a plastic bust of performer Will.i.am. Luckily, Mr. Am–who last we heard was hurtling our planet towards a Martian attack with...
Here's How Many Jobs Apple Will Bring To The U.S. To Make Macs (AAPL)
www.businessinsider.com
Apple got a shout out during last night's State of the Union for bringing manufacturing jobs back to the U.S. At the end of last year, CEO Tim Cook said Apple plans to invest $100 million in domestic manufacturing to produce some Macs here. In case you're wondering what it...
Rogers & Ruppersberger Reintroduce Cybersecurity Bill to Protect the American Economy
intelligence.house.gov
For Immediate Release Contact: Kelsey Knight February 13, 2013 ...
It's Finally iPhone 5 Day: The Most Pivotal Moment Of This Year (AAPL)
www.businessinsider.com
Wahooo!!! After months of leaks and almost a year of waiting, we've finally made it: Apple is going to announce a new iPhone today. Stick with us for wall-to-wall live coverage. It's easy to be cynical about what is, actually, just a product release from a big for-profit company with...
Two Charts Which Show How America's Dysfunctional Visa System Is Harming The Economy
www.businessinsider.com
Hamilton Place Strategies has issued a report explaining the economic impact of increased visas for highly skilled foreign workers. The verdict? Not only do these highly qualified foreign worker do no harm to American jobs, they actually create more of them and enable Americans to go into the workforce. Not...
Report: For The First Time In Decades, US Is Bleeding High-Skilled Immigrants
techcrunch.com
“The period of unprecedented expansion of immigrant-led entrepreneurship that characterized the 1980s and 1990s has come to a close,” writes an ominous new Kauffman Foundation report from Stanford researcher and Washington Post columnist, Vivek Wadhwa. He and his team of researchers are finding that, despite being the source of venerable American...
Proposed immigration bill could stem Silicon Valley's brain drain
www.theverge.com
A bipartisan group of US senators this week is expected to unveil a sweeping immigration bill that would have a significant impact across just about every part of the American economy — including the tech sector. Led by Senators John McCain (R-AZ) and Chuck Schumer (D-NY), the so-called Gang...
Here's The Chart That Will Get Obama Fired...
www.businessinsider.com
We've been banging on Mitt Romney a fair bit this morning, so now it's President Obama's turn. One of the single biggest factors in a President's reelection chances is the direction of the unemployment rate and monthly jobs numbers in the six months leading up to the election. We're inside...
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