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Ryder Cup 2023: Date, venue, format and schedule for Rome


23-09-19 13:33

The Ryder Cup is set to take place from September 29 to October 1 at the Marco Simone Golf and Country Club just outside Rome, Italy. Team Europe captain Luke Donald will be pleased with the performance of his players at the BMW PGA Championship, with Ludvig Aberg finishing in the top 10 alongside Tyrrell Hatton, Jon Rahm, Viktor Hovland, Tommy Fleetwood, Rory McIlroy, and Sepp Straka. Meanwhile, the controversy surrounding LIV Golf and the Ryder Cup continues, with Sergio Garcia offering to pay £700,000 in fines to the DP World Tour and Dustin Johnson claiming he was snubbed by Team USA due to his LIV membership. The teams for the Ryder Cup have been announced, with Europe's six automatic qualifiers being Rory McIlroy, Jon Rahm, Robert MacIntyre, Viktor Hovland, Tyrrell Hatton, and Matt Fitzpatrick, and the six wildcards being Justin Rose, Tommy Fleetwood, Sepp Straka, Shane Lowry, Nicolai Hojgaard, and Ludvig Aberg. Team USA's six automatic qualifiers are Scottie Scheffler, Wyndham Clark, Brian Harman, Max Homa, Xander Schauffele, and Patrick Cantlay, and the wildcards are Brooks Koepka, Justin Thomas, Jordan Spieth, Collin Morikawa, Sam Burns, and Rickie Fowler. European golfers who joined the LIV Golf tour were not permitted to qualify for the Ryder Cup as they had to be members of the DP World Tour.
New America Announces 2024 Class of National Fellows


23-09-19 13:31

Washington, DC — Today, New America announced its newest class of National Fellows.

For nearly 25 years, New America’s National Fellows Program has been home to 280 Fellows, supporting creative storytellers whose projects have led to the publication of nearly 150 books, 13 feature-length films, and several award-winning long-form reporting projects.

Out of nearly 300 applications this year, 15 immensely talented individuals were selected for our Class of 2024. The full roster of the 2024 National Fellows can be found here.

New America supports changemakers—journalists, educators, filmmakers, and researchers working to shape the conversation on the critical issues of today. The Class of 2024 will pursue book, film, and media projects on a wide range of subjects. Topics include intergenerational caregiving, deportation, Islamophobia, psychedelics and the mental health industry, reproductive healthcare, and more.

“I am proud to welcome the Class of 2024 National Fellows to New America,” said President and Chief Transformation Officer Paul E. Butler. “This year’s class is a diverse group of thinkers and visionaries who spark new ideas that challenge us, tell stories that connect us, and work to bring us closer to a more equitable world. New America is excited to provide them with an intellectual home and a vibrant community to pursue their work.”

“As New America moves closer to our 25th anniversary, the Class of 2024 represents a cohort eager to tell a more dynamic, holistic story of a new America,” said Fellows Program Director Awista Ayub. “I am delighted to welcome 15 Fellows to New America this year and look forward to supporting them as they seek to realize their ambitious vision.”

Read our report on the Class of 2024 National Fellows Program applicants here.

New America’s Fellows Program thanks New America’s board of directors, the Jonathan Logan Family Foundation, Emerson Collective, the Center for the Future of Arizona, and Arizona State University’s Future Security Initiative for their support this year.

The CHIPS and Science Act Will Bring Technology and Manufacturing Investment to Rural Areas and Communities of Color

Center for American Progress

23-09-19 13:00

As one of the most significant federal investments in U.S. industry in decades, the CHIPS and Science Act provides billions of dollars in funding and subsidies to transform the nation’s science and technology landscape. One of the major components of the act—the Regional Technology and Innovation Hubs (Tech Hubs) program—aims to ensure that this funding is equitably distributed nationwide, investing in technology hubs that have the potential to benefit women, Latino, Native American, low-income, and other underrepresented communities.

As the U.S. Department of Commerce and Economic Development Administration (EDA) accept applicants for these tech hubs, they should consider making the following commitments to ensure equity and inclusion across technology sectors.

Tech Hubs program sites should incorporate minority-serving institutions and community colleges. These institutions have a significant role in diversifying the science, technology, engineering, and math (STEM) workforce and are positioned to engage in the research, development, and manufacturing reskilling that the Tech Hubs program demands. The program should also design ways to attract and retain women in the workforce, including strategies to recruit and retain women in the STEM workforce—such as providing affordable child care options and equitable pay and establishing protections against sexual harassment and discrimination in the workplace. Finally, the Tech Hubs program should support entrepreneurship among historically underrepresented communities, including by investing in entrepreneurial mentorship and training programs.

By fulfilling these commitments, the Tech Hubs program can build strong regional economies and grow the middle class while benefiting all Americans.

Last summer, Congress passed the CHIPS and Science Act of 2022, a substantial investment in industrial strategy poised to sharpen the country’s competitive edge in science and technology and promote regional economic growth. A particular component of the act—the Regional Technology and Innovation Hubs (Tech Hubs) program—will significantly boost that goal and jump-start innovation across the country. The Tech Hubs program authorizes $10 billion to establish at least 20 large-scale technology hubs that can be self-sustaining and globally competitive in the next decade. The Center for American Progress previously released a report analyzing this program, recommending locations best suited to receive the Tech Hubs program’s considerable funding allocations. The report noted that investment at this scale could spur innovation and ensure that the benefits of the science and high-tech industry are spread coast to coast, creating lasting advantages for regional economies.

In December 2022, Congress appropriated $500 million to kick-start the Tech Hubs program. And this summer, the U.S. Department of Commerce and the Economic Development Administration began receiving applications for Phase 1 of the program. As applications are received and approved, the Commerce Department and EDA will be tasked with selecting the best locations that, over a 10-year horizon, can become self-sustaining and globally competitive hubs for various technology focus areas, including biotechnology, cybersecurity, advanced manufacturing, and computing. The agencies will also be responsible for properly implementing the Tech Hubs program and ensuring that the legislative aims are met; among those aims is the vital need to promote equity and inclusion in the technology sector.

The technology industry has long struggled to be equitable and inclusive, especially in attracting, supporting, and retaining Black, Latino, and female workers. According to the Pew Research Center, Black and Hispanic workers are underrepresented in the STEM workforces compared with their participation in the workforce overall and are underpaid compared with their peers. Additionally, research shows that women are similarly underrepresented, and Latina, Black, and Indigenous women constitute only a tenth of the STEM workforce. These workforce disparities often reflect preexisting imbalances in STEM education and can be much worse given retention challenges. Studies have shown that racial disparities in STEM start as early as kindergarten in the United States. This inequity hinders the economic security of underrepresented people; those employed in STEM or simply with a STEM degree do better financially than their workforce counterparts.

Supporting workforce development and education not only benefits underrepresented populations but is also critical for the success of the Tech Hubs program. Research indicates that gender and racial disparities in the innovation process inhibit gross domestic product (GDP) growth per capita by 2.7 percent; therefore, progressive policies that support Black, Latino, and female workers will also propel the economy.

Public funding is uniquely positioned to intervene to ensure that racial and gender disparities in the STEM workforce do not become further entrenched. The Tech Hubs program is poised to do just that. The text of the CHIPS legislation clearly states equity and inclusion as a desired goal and provides guidance on how underrepresented populations can be included in what will be transformative change in the technology sector.

Specifically, the Tech Hubs program:

seek[s] to designate … regional technology hubs based on selection factors which shall include likelihood of success and may include regional factors such as the extent to which the regional technology and innovation hubs significantly engages and benefits underserved communities in and near metropolitan areas [and] encourage[s] eligible consortia to leverage institutions of higher education serving populations historically underrepresented in STEM, including historically Black Colleges and Universities, Tribal Colleges or Universities, and minority-serving institutions to significantly benefit an area or region.

Moreover, the notice of funding opportunity (NOFO)—released by the EDA in May 2023 with a Phase 1 deadline of August 15, 2023—explicitly set the expectation that projects should advance equity to unrepresented populations. This includes, but is not limited to, racial and ethnic minorities, reduced English proficiency populations, people with disabilities, and racially and ethnically concentrated areas of poverty. The NOFO states:

Specifically, applicants are expected to articulate which populations or communities will benefit from the project and how the project will provide for inclusive community engagement, ensuring that the economic benefits of the project will be shared by all communities in the project area, including any underserved communities. EDA seeks evidence-driven equity and inclusion initiatives, including those that effectively support more historically underrepresented innovators and those that focus on a core technology area that includes significant job opportunities for a wide range of skill and experience levels. Consortium members’ historical commitments to equity and diversity and their prior concrete successes related to equity and diversity will be relevant. The application should include letters of support from entities that represent underserved communities, businesses, and workers. As with all letters of support, EDA puts a premium on quality over quantity.

The requirements included in both the legislation and the NOFO affirm the importance of diversity and inclusion in implementing the Tech Hubs program and signal to applicants that their applications must have thoughtful strategies in place to affirm that these objectives can be met. The Commerce Department and EDA must further ensure that the selection process uplifts and rewards applications that prioritize equitable distribution of benefits.

Including minority-serving institutions (MSIs) of higher education and community colleges in the Tech Hubs program is a vital way for the CHIPS and Science Act to help increase diversity in the technology and manufacturing workforce. These institutions play an outsize role in providing postsecondary educational opportunities to groups that are underrepresented in STEM fields. The inclusion of MSIs in the Tech Hubs consortia will help ensure the benefits from the development and implementation of the technology hubs are equitably distributed.

Research shows that MSIs are more likely to cultivate educational environments that take proactive approaches to dismantling barriers and ensuring underrepresented students have the tools they need to succeed. A 2019 study by the National Academies of Sciences, Engineering, and Medicine identified institutional qualities of MSIs that fostered underrepresented students’ success, including mission-driven leadership, responsiveness to student needs, supportive campus environments, tailored academic and social supports, and the availability of mentorship and undergraduate research experiences. The study concluded that MSIs are an underutilized avenue for diversifying the STEM workforce, a matter important to “America’s economic growth, national security, and global prosperity.”

There are a variety of MSIs that enroll different student populations and are guided by different missions. Historically Black colleges and universities (HBCUs) and Tribal colleges and universities (TCUs) are special-mission institutions that are designated in legislation. Other types of MSIs, such as Hispanic-serving institutions (HSIs) and Alaska Native and Native Hawaiian-serving institutions (ANNHSIs), receive their designation based on shares of enrollments. Enrollment-based MSIs must also meet criteria related to institutional expenditures and enroll high numbers of students receiving need-based federal financial aid. Meeting these criteria then qualifies institutions to apply for additional federal funding geared toward strengthening their capacities to serve underrepresented students.

The table below shows the relative share of enrollment of underrepresented students at different types of MSIs. On average, they far exceed the proportion of underrepresented students enrolled at other kinds of institutions.

MSIs also play an outsize role in diversifying the STEM workforce. HBCUs, for example, graduate a high proportion of Black graduates in STEM relative to the small number of institutions: While HBCUs only award 1.6 percent of the nation’s bachelor’s degrees annually, they are responsible for 15 percent of all engineering degrees awarded to Black graduates. HBCUs have played a significant role in the education of Black Americans in recent decades, particularly in preparing more Black graduates for careers in high-paying professional fields. Today, HBCUs enroll 9 percent of Black postsecondary students despite representing only about 1.7 percent of postsecondary institutions. HBCUs work as engines of economic mobility, enrolling high proportions of low-income students and offering them cost-effective pathways into and beyond the middle class.

HSIs, similarly, are essential drivers of diversity in the STEM workforce. While HSIs awarded 17 percent of all degrees in 2021, they were responsible for 40 percent of all engineering degrees awarded to Hispanic or Latino graduates that year. Many MSIs are well-positioned to compete for the technology, manufacturing, and research work the Tech Hubs program demands. In 2021, 12 percent of MSIs were categorized as having “very high” or “high” research activity, more than double the rate of colleges and universities nationwide, of which 5 percent fit into this category. This may be because many comprehensive public universities qualify as MSIs because they are more likely than other types of institutions to meet MSI qualifications including “low educational and general [E&G] expenditures” and “a requisite enrollment of needy students,” due to their public support and missions as access-oriented institutions.

The special consideration the EDA will give to consortia that include MSIs, as stated in the NOFO, will help advance the equity goals of the Tech Hubs program and ensure the legislation’s benefits flow to those high-research institutions that serve greater proportions of underrepresented students than their predominantly white peer institutions.

The Tech Hubs program also encourages consortia that include community colleges, which enroll high proportions of low-income students, first-generation students, and students of color, including 57 percent of Native American and 52 percent of Hispanic or Latino students. Community colleges play a role in educating almost half of students who eventually earn a bachelor’s degree. However, community college graduates are underrepresented among those who earn a bachelor’s degree in STEM fields. Including community colleges in regional tech hubs is another path to improving STEM diversity, offering an opportunity to improve completion rates and post-graduate employment opportunities at these institutions. Specifically, the tech hubs will foster direct connections between postsecondary institutions and employers and offer additional funding that could be used for completion-boosting student support services.

MSIs and community colleges are poised to train “middle skill” workers as well—an occupational category that will be important to the future of the U.S. science and manufacturing workforce. Middle-skill roles require education beyond high school but less than a four-year degree. Career-focused programs are at the heart of community colleges’ degree offerings, and these institutions regularly adapt to the workforce demands of their regions. In 2021, about 6 percent of eligible MSIs were categorized as primarily associate-level institutions focusing on career and technical training, slightly above the nationwide rate of 5 percent.

To the extent that reskilling will be valuable to the future U.S. manufacturing and technology workforce, community colleges remain an important and underutilized resource to train both traditional and nontraditional students for in-demand careers. Community colleges can act as an “accessible point of entry” for students to gain exposure to these sectors, as flexible and affordable programs help fill skills gaps and prepare students for industry jobs. In addition, two-year institutions enroll a higher proportion of students above the age of 25 than four-year institutions, positioning these colleges to help adult learners gain new skills and complete career transitions. While many roles in the technology and manufacturing workforce are open to individuals without four-year degrees, technical backgrounds—such as maintaining and troubleshooting manufacturing equipment—are often required across positions. Community colleges can lead in this workforce reskilling process.

The EDA and Commerce Department should consider applicants who devise partnerships between community colleges, four-year institutions, and industry, which may include facility or faculty sharing, curriculum development, or hands-on experiences such as shadowing programs, local internships, career day visits, and mentorships. These partnerships will help leverage the strengths of community colleges within Tech Hubs regions, effectively training and incorporating a diverse workforce.

Engaging MSIs and community colleges is essential to ensuring the Tech Hubs program accomplishes the goal of equitably distributing the benefits of high-growth industries to underrepresented groups, rural areas, and communities of color. These institutions have track records of enrolling, supporting, and graduating students from underrepresented groups and from underresourced areas; their knowledge, expertise, and cultures should be leveraged to ensure the Tech Hubs program increases diversity in STEM fields.

As part of these diversity and inclusion goals, it is essential that applicants to the Tech Hubs program design ways to attract and retain women in the STEM workforce. Gender disparity in STEM develops for various reasons, including gaps in educational attainment, with women less likely than men to study STEM at both the undergraduate and graduate level. This imbalance has improved in the past decade: Women represented 45 percent of students majoring in STEM fields in 2020, compared with 40 percent in 2010 and 34 percent in 1994. But there are still significant disparities within the field. Although women have narrowed the gap in the STEM workforce, their progress has been uneven; for instance, women are underrepresented in engineering and have lower participation in computer science now than they did in 1990. Moreover, even though the gap has lessened, women still only constitute 34 percent of the STEM workforce, compared with 48 percent of the total workforce.

In the transition to the workplace, women face various barriers—including being in the minority, bias and discrimination, caregiving responsibilities, and pay gaps that inhibit their placement and growth in STEM roles—that can lead to them dropping out. These retention challenges are compounded for Black women and Latinas. To make a lasting shift toward an equitable workforce in the future, these challenges must be addressed.

In particular, the Tech Hubs program provides opportunities for Black women and Latinas with educational backgrounds in STEM, but also for women without such backgrounds. Through the Tech Hubs program, women without STEM degrees will be able to contribute to the success of the program and obtain skills necessary for them to build careers in the sector. According to the Department of Commerce, “more than 60% of the jobs in a [semiconductor fabrication facility] don’t require a college degree.” These positions will be increasingly available as regional tech hubs are established. However, grantees must make a concerted effort to hire and retain women in these positions, as there is a large gender gap in the manufacturing industry.

Recruiting women into the workforce and ensuring that they can benefit from regional tech hubs can help solidify the progress that has begun to equalize STEM. To that end, applicants to Tech Hubs should emphasize meaningful avenues to train and upskill women by offering apprenticeships or training programs to ensure that they are equipped with the necessary tools to engage with the Tech Hubs program and by partnering with MSIs and community colleges.

The EDA and Commerce Department should also prioritize establishing clear rules and guidance for equity and nondiscrimination at these hubs. One area of attention, for example, could be equal pay. Women working in STEM sectors face lower pay, on average, than their male counterparts: A 2017 survey from the National Science Foundation found that women earned $61,000 in their first jobs in engineering and computer science, compared with $65,000 for men with the same qualifications. Furthermore, the aforementioned racial inequities in the STEM workforce are overlaid onto gender inequities, so women of color are particularly underrepresented and underpaid. The officials in charge of implementing the Tech Hubs program should pay attention to closing these gaps. For instance, the EDA and Commerce Department could prioritize applicants who engage in efforts to support pay equity, including by posting salary ranges in job postings and collecting and reporting comprehensive pay data.

Accordingly, there should be strong protections against sexual harassment and discrimination in the workplace, which would help attract and retain women in the STEM workforce. In addition to the research provisions passed in the Combating Sexual Harassment in Science portion of the CHIPS and Science Act, the EDA and Commerce Department should ensure that applicants to the Tech Hubs program have safeguards in place for workers who could experience sexual harassment, including limiting preemployment barriers that inhibit workers’ ability to utilize important anti-discrimination protections and enforcement tools.

Moreover, in some states, laws restricting—and even criminalizing—abortion create an unsafe environment for women and their loved ones, working against the ability of Tech Hubs to be truly equitable and inclusive. Notably, these laws can make it more difficult to attract and retain women in the workforce and are also known to have a negative impact on women’s economic security. Furthermore, women living in states with abortion bans often face hostile conditions overall that lead to poor health and economic outcomes, including higher-than-average wage gaps and significantly increased maternal mortality rates. The EDA and Department of Commerce should consider this risk to the success of Tech Hubs applicants, along with their geographic proximity to legal access to abortion. At a minimum, in addition to the other policies discussed within this report to foster supportive and attractive workplaces for women, applicants should also seek to help overcome these specific risks through the provision of strong health benefits that include supports for abortion.

Access to affordable and high-quality child care is, likewise, essential to diversifying the workforce, particularly for mothers of young children who are disproportionately forced out of the workforce due to caregiving responsibilities. Recent research shows that nearly 3 in 5 part-time or nonworking parents would choose to work full time if they had access to affordable, quality child care. This lack of access creates a substantial barrier for parents—particularly mothers—to work or attend training and education programs, which could inhibit the success and equitable implementation of Tech Hubs.

The Department of Commerce has required grant applicants to provide a plan for access to child care as part of a separate CHIPS NOFO, recognizing the critical role that care will play in the long-term success of these investments. Similarly, the EDA and Commerce Department should work with applicants who receive Phase 1 planning grants for regional hubs to include access to affordable, high-quality child care—whether on site or nearby—with the funding they receive.

Along with uplifting women and people of color, programs should highlight their plans to elevate other underrepresented community members, including small-business owners. A 2022 report from the Century Foundation suggests Tech Hubs program funds can boost entrepreneurship among historically underrepresented communities, promoting equity. Nationwide, only a small share of manufacturing businesses are Hispanic- or Asian-owned—4.6 percent are Hispanic-owned and 4.5 percent are Asian-owned—and an even smaller share, less than 1 percent, are Black-owned. Meanwhile, 16 percent of manufacturing businesses have women owners, with only 8 percent of all women-owned manufacturing businesses owned by a women of color.

One of the four key uses of Tech Hubs program funds is “business and entrepreneurial development.” The Century Foundation report argues that this use of funds is an opportunity to reverse long-standing disparities within entrepreneurship, particularly between Black entrepreneurs and their peers. Thousands of new businesses will be eligible to take advantage of the subsidies and research supported by the CHIPS Act, which can be directed toward underrepresented entrepreneurs. Specifically, the Tech Hubs program can help facilitate entrepreneurial mentorship programs and invest in HBCUs and MSIs that train future business leaders. Boosting entrepreneurship uplifts communities and begins the process of closing gaps and promoting intergenerational wealth.

The EDA and Commerce Department should consider these models during the selection process for the Tech Hubs program. There is significant potential to create educational and mentorship opportunities to engage underrepresented individuals within the technology industry. By encouraging entrepreneurship, the Tech Hubs program can deliver broad benefits for diverse communities while simultaneously boosting regional economies.

As applicants prepare to respond to the Tech Hubs program NOFO, they can look to examples of how other industries have sought to engage diverse and equitable populations. As part of the CHIPS and Science Act, the Department of Commerce has also earmarked $52 billion to support the U.S. semiconductor industry. While this funding has not yet been distributed, a NOFO has likewise been released for the CHIPS Incentives Program to build commercial semiconductor fabrication facilities that underscores equity and inclusion. The NOFO requires applicants to develop an equity strategy demonstrating a commitment to recruiting and retaining diverse workers and building new pipelines for disadvantaged individuals in the region. As a response, semiconductor companies have begun to implement community-centered equity strategies hoping to receive these CHIPS funds and incentives. These equity strategies can serve as models for how future Tech Hubs might promote equity and inclusion in the technology sector.

In Syracuse, New York, for example, a “Community Investment Framework” has been developed to address the Commerce Department’s NOFO and implementation principles regarding diversity. This framework partners Micron, a major semiconductor company, with state and regional economic development boards to encourage individuals in underrepresented and rural communities to join the tech and manufacturing workforce in exchange for tax credits. The framework obtained commitments from Micron to invest in workforce development, education, and community development. Key commitments include an internship program focusing on recruiting veterans and students from traditionally underrepresented communities; contracting goals for women- and minority-owned businesses; investments in local child care centers to expand access to high-quality child care and early learning for underserved communities in the region; and funding to promote equitable access to STEM education.

These inclusive regional and workforce development approaches offer entry points for local workers and entrepreneurs into the innovation economy. They also address barriers, such as lack of access to reliable child care, that drive mothers and low-income working parents out of the workforce at alarming rates. These approaches can also pinpoint long-standing systemic injustices, such as lack of access to quality STEM education, that disrupt pipelines into the tech industry.

Similarly, Intel has recently invested in the Columbus, Ohio, region. Along with building semiconductor fabrication plants, Intel has committed to investing $100 million over the next decade, in partnership with Ohio universities and community colleges. This funding will support programming that includes designing community college programs to attract women and members of the Black and Hispanic communities; funding packages for students to prevent barriers to entry into the tech workforce; and scaling a “no wrong door” philosophy that enables individuals without traditional degrees to enter the training pipeline. In fact, 70 percent of the jobs directly created by Intel’s investment in Columbus do not require bachelor’s degrees. Substantial commitments such as these are crucial for establishing diverse avenues into the innovation economy.

The previous decade’s tech boom has often left individuals without four-year degrees behind. However, effective investment of CHIPS funds can create viable pathways for less-educated workers to participate in the technology and manufacturing sectors. These pathways include positions with livable wages—higher than those offered in the fast-food, retail, or hospitality industries—with opportunities for financial growth and worker enrichment.

These diversity, equity, and inclusion (DEI) commitments illustrate how underrepresented communities can benefit from CHIPS-influenced industry growth. Notably, the Tech Hubs program offers even greater possibilities to engage diverse and inclusive communities, as funding can be widely spent across 10 technology focus areas. From biotechnology to advanced manufacturing, the Tech Hubs program will create jobs for less formally educated workers and invest in education and community partnerships. The Commerce Department and EDA must prioritize Tech Hubs applications that integrate equity and diversity measures throughout their plans, as the Tech Hubs program offers unique opportunities to spread economic benefits throughout all communities in a project area.

The CHIPS and Science Act has presented the country with momentous opportunities. The regional technology and innovation hubs laid out by this legislation will help to revitalize the nation’s science and technological sectors to compete globally, stimulating economic growth. Moreover, this investment in economic and scientific innovation can lead to increased educational and economic opportunities for women as well as Black, Latino, Native American, low-income, and other underrepresented communities. The EDA and Commerce Department must be cognizant of selecting tech hubs to meet opportunities, accelerating regional economic growth while promoting equity and inclusion across technology sectors.

In reaching these goals, Tech Hubs program participants should consider a variety of commitments to invest in local communities, including prioritizing minority-serving institutions, community colleges, and non-STEM degree-holders in their workforce and engagement; providing workers with the resources necessary to participate in the workforce, such as child care, anti-discrimination policies, and sexual harassment protections; and enhancing entrepreneurial opportunities for underrepresented business owners. By investing in mitigating gender and racial inequities in the workforce, the CHIPS and Science Act holds the potential to grow the economy by growing the middle class and improving the lives of all Americans.

The authors would like to thank Marcella Bombardieri, Stephanie Hall, Lily Roberts, Sara Estep, Ben Olinsky, Jared Bass, Mariam Rashid, Maureen Coffey, Maggie Jo Buchanan, Emily Gee, Will Roberts, Rose Khattar, Jean Ross, Madeline Shepherd, Carl Chancellor, Chester Hawkins, Steve Bonitatibus, and all other reviewers.

Welcome to a new era of Asian commerce


23-09-19 19:14

The "Factory Asia" model of the late 20th century, in which Asian countries produced goods for Western consumers, is being reshaped as regional trade within Asia increases. In 1990, only 46% of Asian trade took place within the continent, but by 2021 that figure had risen to 58%. The growth of supply chains centered on Japan and China led to an increase in the movement of intermediate goods across borders, followed by an increase in foreign direct investment from Asia. Cross-border banking also became more Asian after the global financial crisis, with local banks accounting for more than half of the region's overseas lending. Western governments have diminished in influence, with China's Belt and Road Initiative attracting attention, along with government-facilitated investment from Japan and South Korea. The need to establish new supply chains due to deteriorating US-China relations is likely to accelerate these trends. Asian savings and demography are also speeding up economic integration, with wealthier and older Asian countries investing in the younger and poorer economies. Asian consumption is increasing, making local economies more attractive as markets. These regional trading patterns will bring political ramifications, with Asian economies becoming more focused on their neighbors rather than Western countries.
An invasion of the US is underway. It’s time to invoke the Constitution


23-09-19 19:11

The Mexico border crisis is the most pressing issue facing Texas and America, with both sides of the political spectrum agreeing that action needs to be taken. However, opinions differ on the best solutions, with some advocating for increased border security and economic sanctions, while others support blanket amnesty and a streamlined immigration process. The Mexican government is widely seen as partly responsible for the crisis, although the extent of their culpability is debated. The author argues that Texas should take matters into its own hands and apply economic pressure on Mexico to resolve the issue.
Biden’s green madness is doomed to fail


23-09-19 18:30

The term "industrial policy" has been rehabilitated in the US, but there is no agreement on what it means. Two visions of industrial policy are competing: defense industrial policy and green industrial policy. Defense industrial policy aims to ensure that strategic supply chains are located at home or in allied countries, while green industrial policy aims to encourage the rapid replacement of fossil fuels with renewable power sources. Proponents of both strategies use threat inflation and promises of creating "good jobs" to win public support. However, the jobs created by these policies are not necessarily good jobs with high wages and decent working conditions. The United Auto Workers (UAW) in the US is currently striking to guarantee workers in the green energy industry the same wages, benefits, and rights to union representation as those in the legacy auto industry. Advocates of defense industrial policy and green industrial policy can agree on reducing dependence on China for critical resources, but for the most part, the two strategies are incompatible. Defense industrial policy favors decoupling from China, while green industrial policy favors continued access to green components from Chinese factories. The two strategies also differ in the choice of industries to be promoted. The green industrial policy of the Biden administration has focused on subsidies for renewable energy technology, while defense industrial policy favors a wider range of manufacturing industries. In the long run, traditional defense industrial policy may dominate due to the dependence of the government-sponsored green transition on massive subsidies.
Europe is relying on global stimulus to save it – that may be a fatal miscalculation


23-09-19 17:45

Europe is banking on the US and China to lift global demand high enough to pull the eurozone out of stagnation, but this strategy is likely to be less successful this time around, warns Ambrose Evans-Pritchard in The Telegraph. The European Central Bank has raised rates 450 basis points over the last year, despite the industrial recession spreading to services across the eurozone. Furthermore, the ECB’s latest quarter point rise in rates last week to 4% “is more than it looks”, with the full impact of the triple-barrelled tightening not being felt until 2024 and beyond. Meanwhile, China’s “property bust is probably close to touching bottom”, but there will be no V-shaped recovery and no return to the old reflexes of extreme credit leverage. The collective belt-tightening in China raises the risk of an intractable slump, which would increase pressure on China to export the slump through a currency devaluation and a beggar-thy-neighbour trade policy, warns Evans-Pritchard.
Biden’s apparent gaffe on countries working together ‘to accelerate climate crisis’


23-09-19 17:21

During his address at the United Nations General Assembly, US President Joe Biden appeared to make a gaffe by saying that the US and China should work together on "accelerating the climate crisis". Biden quickly stumbled over his words and corrected himself to say "than, than the accelerating climate crisis". He warned of the "existential threat" of climate change and the need to reduce dependence on fossil fuels. Chinese President Xi Jinping did not attend the meeting, sending Vice President Han Zheng in his place. After his speech, Biden met with UN Secretary General Antonio Guterres and later attended a summit with the presidents of five Central Asian nations.
Rosie DiManno: Hard to imagine buying dollar-store groceries? Some find it hard to avoid

The Toronto Star

23-09-19 22:56

Dollar stores, such as Dollarama, Dollar Tree and Family Dollar, have had a positive impact on low-income communities despite claims to the contrary, according to Toronto Star columnist Rosie DiManno. The stores have allegedly contributed to economic distress in low-income communities by taking advantage of customers and encouraging traditional retailers to leave. However, DiManno argues that people choose to shop at dollar stores because of value for money, which is particularly important given price increases in supermarkets. DiManno says the 20% profit increase seen by Dollarama is due to the chain's low operational costs and strong supplier relationships. Dollarama has also seen demand for “consumables” such as food products increase significantly. Last week, Prime Minister Justin Trudeau criticised grocery chains for escalating food prices, but DiManno argues that the government should abandon its carbon tax to help ease the impact of rising costs.
China’s AI adoption isn’t as great as Washington fears, US lawmakers hear

South China Morning Post

23-09-19 22:36

US analysts are overestimating China's ability to deploy artificial intelligence (AI), according to testimony given before the US Senate Select Committee on Intelligence. The witnesses highlighted several weaknesses inhibiting China's ability to deploy AI, including reliance on Western companies, China's censorship regime, and computing power bottlenecks. The testimony comes as the US government prioritizes measures to prevent China from gaining a technological edge, including restrictions on the export of advanced semiconductor chips. Congress has also been working on bills aimed at building an advanced chip production industry in the US.
The Economics Story China Doesn’t Own


23-09-19 22:00

China's economic slowdown is not resulting in interest-rate cuts in neighboring countries in Asia. Despite China's efforts to push down domestic rates and free up cash for lenders, the Federal Reserve's actions still dominate financial conditions in the region. Central banks in South Korea, Indonesia, the Philippines, Australia, and Japan are all hesitant to cut rates due to concerns about inflation and a desire to align with the Fed's policies. China's economic performance is a secondary consideration for these central banks.
Prince William surprises New Yorkers with morning jog ahead of Earthshot Prize event


23-09-19 21:55

Prince William expressed his impatience to scale up the work of innovators during a fireside conversation at the Earthshot Prize summit event in New York. He stated that his role is to help innovators become as big and scalable as possible in order to have the biggest impact in addressing climate change. He emphasized the commercial viability of many of the solutions being presented and the need to reach more investors. Prince William also made headlines for surprising New Yorkers with an early morning jog in Central Park. During the summit, he was praised for his popularity in the United States, with a recent Gallup poll showing that he is viewed positively by both Democrats and Republicans. The Prince arrived in New York solo and will not be meeting his brother, Prince Harry.
Iran demands US show goodwill after quitting nuclear deal


23-09-19 21:49

Iranian President Ebrahim Raisi has called on the United States to prove its "goodwill and determination" to revive the 2015 Iran nuclear deal. Raisi stated that the US violated the agreement by exiting the Joint Comprehensive Plan of Action (JCPOA) in 2018, and that America should demonstrate its commitment to reentering the deal. The JCPOA was a nuclear agreement between Iran and six world powers, under which Iran restricted its nuclear program in exchange for relief from sanctions. Efforts to revive the deal have stalled, with diplomats stating that Iran's advances in nuclear capabilities have made it difficult to resurrect the agreement.
Indian growth attracts global investment banks despite low fees

Financial Times

23-09-20 01:02

US investment bank Jefferies is expanding its presence in India, using a series of deals to recruit senior bankers and strengthen its office. The bank has completed 50 transactions in the past three years, including deals for Florida-based GQG Partners. The US investment bank is building its presence in India as the country's economy grows and tensions between the US and China rise.
How to Borrow Money in a High-Rate World


23-09-20 01:00

The Federal Reserve has raised interest rates to the highest levels in 22 years, making mortgages, car loans and credit-card debt more expensive for consumers, but borrowers still have options in a high-rate world. Loans and new products offer short-term cash infusions at lower rates than credit cards, while some services even provide short-term loans with no interest. However, once fees are factored in, these options might not be much cheaper than a standard credit card, so borrowers should scrutinize the fine print and calculate the annual percentage rate (APR) before taking on any credit.
A look at the Sikh separatist movement at the root of tensions between Canada and India


23-09-20 00:58

Canada and India are currently embroiled in a diplomatic dispute after Canadian Prime Minister Justin Trudeau accused India of being involved in the killing of a Canadian citizen at a Sikh temple in British Columbia. The incident has brought to the forefront the ongoing tension surrounding the Khalistan debate. Khalistan refers to the push for an independent Sikh homeland in northern India. The Khalistan movement draws on historical events such as the Sikh Empire in the early 1800s and the partition of India in 1947 when Sikhs were left without a homeland after millions of Muslims fled to Pakistan. The movement gained momentum in the 1980s with the emergence of separatist leader Jarnail Singh Bhindranwale. Bhindranwale's presence at the Golden Temple and subsequent assassination by Indian Prime Minister Indira Gandhi led to violent confrontations and riots. The movement was further marred by the Air India bombings in 1985, which were carried out by Khalistani separatists. Although support for the Khalistan cause has quieted in Punjab, it remains strong among Sikhs in Western countries such as Canada. Indian officials have accused their Western counterparts, particularly Canada, of failing to intervene as pro-Khalistan groups threaten the Indian government. The killing of Hardeep Singh Nijjar, a Sikh leader and Canadian citizen, this summer has further escalated tensions between Canada and India.
‘Nonsense’: Liberal veteran skewers No campaign’s demand for more Voice details

The Sydney Morning Herald

23-09-20 00:02

Tony Nutt, a former federal director of the Liberal Party of Australia, has criticised the “bunkum” being spread by the No campaign regarding the Indigenous Voice to Parliament. He argued that the pre-federation inhabitants of Australia adopted the country’s constitution without detailed knowledge of how it would be interpreted, and that the same approach can be taken with the Indigenous Voice. Nutt said that parliament would provide the details of the advisory body and that its members would be chosen by local Indigenous people.
Biden’s efforts to court India challenged by assassination claim

Washington Post

23-09-19 23:58

US President Joe Biden is attempting to balance relations with Canada and India after Canadian Prime Minister Justin Trudeau accused the Indian government of being behind the killing of a Sikh separatist leader in British Columbia. The Canadian investigation alleges that Indian officials may have been involved in the assassination of Hardeep Singh Nijjar, who advocated for a separate Sikh state. The White House has voiced support for the investigation but has avoided any repudiation of India or Prime Minister Narendra Modi. The US is seeking strong relations with both countries as it tries to counter China’s influence in the Indo-Pacific.
Republican candidates race for Texas oil money

Financial Times

23-09-20 04:00

Republican presidential candidates are courting wealthy US oil donors as they seek to tap into campaign funds that remain up for grabs, reflecting a shift in support away from former president Donald Trump, according to oil executives. Florida governor Ron DeSantis, who is leading the charge, visited the energy hub of Midland, West Texas, on Wednesday to tout his support for US oil and gas and his intention to unpick President Joe Biden’s green agenda. DeSantis is hoping to capitalise on growing discontent with Trump among oil executives, who fear he will lose another election to Biden in 2024, resulting in more industry regulation.
Imagine No Jets, Ships, Defense, or Space Program!


23-09-20 12:07

First published at CFACT

Over the last 200 years when the world populated from 1 to 8 billion, we learned that crude oil is virtually useless, unless it’s manufactured (refineries) into oil derivatives that are the basis of the fuels to move the heavy-weight and long-range needs of more than 50,000 jets moving people and products, and more than 50,000 merchant ships for global trade flows, and the military and space programs.

Today, chemical products, such as plastics, solvents, and fertilizers, are inclusive of the more than 6,000 products based on oil that are essential for supporting modern lifestyles.

Recognizing that eradicating the world of oil, without a replacement in mind, would be immoral and evil, as extreme shortages of the products now manufactured from fossil fuels will result in billions of fatalities from diseases, malnutrition, and weather-related deaths, and could be the greatest threat to the world’s eight billion population.

The “energy conundrum is that “renewables” only generate electricity, yet most products derive from oil. Wind turbines and solar panels can only generate intermittent electricity. They cannot manufacture any products for society. Crude oil on the other hand is virtually useless, unless it’s manufactured (refineries) into the fuels to move the heavy-weight and long-range needs of more than 50,000 jets moving people and products, and more than 50,000 merchant ships for global trade flows basis of more than 6,000 products in our daily lives that did not exist before the 1900’s, and the military and space programs.

From the proverb “you can’t have your cake and eat it too” tells us that you can’t rid the world of crude oil and continue to enjoy the products and fuels manufactured from fossil fuels that can be manufactured into something usable like the fuels for the heavy-weight and long-range transportation infrastructures of ships and jets and the derivatives that make the more than 6,000 products and fuels that have made our lives more comfortable.

Globally, excluding China, about 3 million barrels per day of refining capacity closed since January 2020. The future does not bode well as 20 percent of the 700 worldwide refineries are expected to close in the next 5 years, i.e., 140 closures. Further inflation and shortages in perpetuity are guaranteed, as those refineries are manufacturing the fuels for the jets moving people and products, and the merchant ships for global trade flows, of the products for society and the military and space programs.

China is coming to the rescue with Asia’s 88 new refineries for manufactured oil derivatives that are the basis of most every product being used by mankind, as well as the manufactured fuels used by every transportation infrastructure, and the military.

Like the national debt Ponzi, the shortages of the products, fuels, pesticides, and fertilizers MANUFACTURED from fossil fuels will also contribute to shortages and further inflation in perpetuity as wind turbines and solar panels are both incapable of manufacturing ANYTHING, they just generate occasional electricity.

We may have long-range plans to generate electricity from wind, solar, or nuclear fusion, but no plans to replace crude oil that is manufactured into everything in our daily lives. Thus, efforts to cease the use of crude oil could be the greatest threat to civilization, not climate change, and lead the world to an era of guaranteed extreme shortages of fossil fuel products, like we had in the decarbonized world in the 1800s, which may result in billions of fatalities from diseases, malnutrition and weather-related deaths trying to live without the 50,000-merchant ship and 50,000 jets, that are moving more than 6,000 products currently benefiting worldwide humanity.

The American Government of 435 Representatives and 100 Senators are laser-focused on ending the “climate crisis” by switching to “clean” ELECTRICTY. It has few qualms about importing critically needed materials from foreign countries, primarily China – regardless of economic, defense, national security, ecological, or human rights implications.

The dismal track record of virtually every program implemented by the Government is broken, and most likely the clean electricity program will have results like previous programs such as: United States Postal Service established 247 years ago in 1775 and is now broken. Social Security established 88 years ago in 1935 and is now broken. Fanny Mae established 85 years ago in 1938 and is now broken. Medicare and Medicaid established 58 years ago in 1965 and is now broken. Freddie Mac established 53 years ago in 1970 and is now broken. United States Department of Energy established 46 years ago in 1977 to lessen our dependence on foreign oil. Now with 16,000 employees and a $31 billion-dollar annual budget and 46 years later we’re importing more oil than ever!

A private industry company such Walmart, the most successful and profitable business in America with 2.2 million employees and more than 10,000 stores, may be a better choice to run any energy program being mandated. Is it time to drain the swamp and hire Walmart to run the Government?

World leaders are not cognizant enough to know that wind turbines and solar panels only generate occasional electricity and have no plans for the replacement of the products and fuels now manufactured from fossil fuels, which are the basis on every infrastructure segment that are supporting the 8 billion on this planet!

It’s shocking that the media continues to refrain from asking the government leaders and policy makers of current green electricity mandates a John Stossel styled “give-me-a-break” question: Can you imagine our world without jets, merchant ships, militaries, and space programs? Ronald Stein, P.E.

Ronald Stein is an internationally published columnist and energy consultant, and a policy advisor for The Heartland Institute. CallEmailTwitter