The process of industrial transformation using automation is gathering momentum across the country.
Research and investment are key factors in automating production, but that is not enough.
It is fashionable nowadays to talk about personal attention as a commodity or even a currency. But attention is neither: it can be bought and sold, to some extent, but it cannot be traded to third parties, and it is not entirely fungible.
As the US economy continues to sputter three years after the financial crisis erupted with full force, it has become clear that the US cannot recover strongly without a change in the mix of domestic and foreign components of total aggregate demand.
Thirty years after the discovery of HIV/AIDS, we have seen impressive scientific and policy advances. But HIV/AIDS remains a daily threat to millions, stunts development, and destroys far too many lives.
Greedy banks, bad economic ideas, incompetent politicians: there is no shortage of culprits for the economic crisis in which rich countries are engulfed.
Europe is again on the precipice. The most recent Greek rescue is on the brink of collapse. The crisis of confidence has infected the eurozone's big countries. The euro's survival and, indeed, that of the European Union hang in the balance.
For months, an increasingly frenetic, even apocalyptic, debate about the fate of the euro has been the major driver of global instability. Can Europe's common currency survive?
At least for America, perhaps the most important lesson of 9/11 is that US foreign policy should follow the counsel given by President Dwight Eisenhower a half-century ago: Do not get involved in land wars of occupation, and focus on maintaining the strength of the American economy.
As the eurozone crisis continues to deepen, the International Monetary Fund may finally be acknowledging the need to reassess its approach.
In the wake of the riots in England, Prime Minister David Cameron has proposed reviving children’s courts, urged harsh sentences for convicts, and floated even more odious ideas. We already know where such measures would lead the country.
The Chinese government may be about to let the renminbi-dollar exchange rate rise more rapidly in the coming months than it did during the past year. There are two fundamental reasons: reducing its portfolio risk and containing domestic inflation.