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Posts tagged with ‘USA’

American Entrepreneurship has Declined 53% Since Reagan

On Tuesday - in a rare-act of bipartisanship - the Senate passed the Small Business Jobs and Tax Relief Act. The legislation is aimed at giving some much-needed stimulus to America’s entrepreneurs - by giving any small business that hired more workers in 2012 a 10% tax credit. It also gives away new tax credits for small businesses that invest in new major equipment. It’s no secret that small businesses have taken quite a hit following the Bush Great Recession.

But there’s new evidence out now that suggests American entrepreneurial class has been suffering for a long time before Barack Obama - or even George W. Bush - moved into the White House. In fact - the evidence shows that American entrepreneurs have been getting pummeled for more than thirty years now. According to a new study released today by the New American Foundation, the number of entrepreneurs per capita has dropped by 53% since 1977. And since 1991, the number of Americans who are self-employed has dropped by more than 20%.

In other words, Americans who use to be able to start their own businesses are increasingly being forced to join the ranks of the working poor. Our nation - quite frankly - has forgotten how to foster an entrepreneurial class over the last thirty years. So why is that?

World pledges to end preventable child deaths

Yesterday, the Governments of Ethiopia, India and the United States, together with UNICEF, convened the Child Survival Call to Action, a meeting to mobilize the world toward one ambitious but simple goal - ending preventable child deaths. The meeting asks governments and partners to sign A Promise Renewed, a pledge to work toward greater child survival.

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Farmers Turn to Data Harvests

U.S. farmers are getting help from a new kind of farmhand: iPads and other gadgets that help them plant seeds in ways that maximize harvests.

Assistant Energy Secretary on Pittsburgh’s Role in Fossil Fuel Research

Charles “Chuck” McConnell is the U.S. Department of Energy’s assistant secretary for fossil energy. As such, he oversees the activities of National Energy Technology Laboratory (NETL), which conducts more than $1 billion in annual research from its offices in South Park and Morgantown. McConnell recently spoke with Bill Flanagan of WPXI’s “Our Region’s Business” and the Allegheny Conference about the enduring need for fossil-based fuels.

The Future of America’s Coal Industry

On May 15, 2012, San Antonio Mayor, Julian Castro, convened with regional energy leaders, hosting U.S. Department of Energy’s Charles McConnell, Assistant Secretary for Fossil Energy. In this discussion, U.S. Department of Energy’s Charles McConnell, addresses how technology will help drive innovation in the coal industry and how coal is part of America’s future.

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Immigrant-Run Startup Companies | Robert Litan

Robert Litan, vice president for Research and Policy at the Ewing Marion Kauffman Foundation, talks about the potential impact of immigrant startup company entrepreneurs on the U.S. labor market.

Solar-Powered Vessel Completed Its Journey Around The World

After 584 days of traveling around the world, the solar-powered vessel Turanor PlanetSolar finally docked in Monaco. The vessel along with its 5-member crew is the first ship to travel using zero fuel. Instead, it relied on solar energy for power. This solar-powered vessel was first conceptualized by Rapheal Domian in 2004. After 2 years of design and development, the vessel was created with a solar photovoltaic surface area of more than 530 square meters and a capacity of 93.5 kilowatts. 

Also covered in the video is Jersey winning an award for top 10 destinations with the most installed solar panels and San Diego Gas Electric recognizing 13 masters of energy conservation, also called energy champions.

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Tuition vs Wages: Bittersweet Reality
College costs are rising and, with that, so is the cost of college loans. Currently, loan interest rates are 3.4% and may rise to 6.8%, if Congress does not act by July 1st, 2012. College tuition is rising by 8.3% on a YoY basis. Should the interest rates rise,
- 7.4 million students will see their college costs go up— about one out of every three college students in the country.
- The increase will cost the average college student about $1,000 more per year of school.
- As a result, the cost of college for the average borrower taking out full Subsidized Stafford Loans will increase by 20 percent next year.
Both sides agree that better financial aid mechanisms and loan provisions will make the economy stronger. Median weekly earnings for 25-34 year olds has fallen by 5% on a YoY basis since 2001. Based on the numbers, if the current situation continues, people will start questioning the value of higher education. We need a solution fast, not only for the 7.4 million students currently affected, but also for the 20 million overall student population. 
Tuition vs Wages: Bittersweet Reality
College costs are rising and, with that, so is the cost of college loans. Currently, loan interest rates are 3.4% and may rise to 6.8%, if Congress does not act by July 1st, 2012. College tuition is rising by 8.3% on a YoY basis. Should the interest rates rise,
- 7.4 million students will see their college costs go up— about one out of every three college students in the country.
- The increase will cost the average college student about $1,000 more per year of school.
- As a result, the cost of college for the average borrower taking out full Subsidized Stafford Loans will increase by 20 percent next year.
Both sides agree that better financial aid mechanisms and loan provisions will make the economy stronger. Median weekly earnings for 25-34 year olds has fallen by 5% on a YoY basis since 2001. Based on the numbers, if the current situation continues, people will start questioning the value of higher education. We need a solution fast, not only for the 7.4 million students currently affected, but also for the 20 million overall student population. 

Tuition vs Wages: Bittersweet Reality

College costs are rising and, with that, so is the cost of college loans. Currently, loan interest rates are 3.4% and may rise to 6.8%, if Congress does not act by July 1st, 2012. College tuition is rising by 8.3% on a YoY basis. Should the interest rates rise,

- 7.4 million students will see their college costs go up— about one out of every three college students in the country.

- The increase will cost the average college student about $1,000 more per year of school.

- As a result, the cost of college for the average borrower taking out full Subsidized Stafford Loans will increase by 20 percent next year.

Both sides agree that better financial aid mechanisms and loan provisions will make the economy stronger. Median weekly earnings for 25-34 year olds has fallen by 5% on a YoY basis since 2001. Based on the numbers, if the current situation continues, people will start questioning the value of higher education. We need a solution fast, not only for the 7.4 million students currently affected, but also for the 20 million overall student population.