Commentary: President Biden’s Tech Vision Will Hamstring Innovation

President Biden rang in the new year with an op-ed in the Wall Street Journal entitled, “Republicans and Democrats, Unite Against Big Tech Abuses.” In it, the President spells out the supposed abuses of the tech industry and the consequences they have for society. He then outlines a political agenda to regulate the American tech industry and rightly recognizing the limits of executive power in this area.  He concludes calling for bipartisan movement in Congress to achieve that vision. However, the President’s vision is immensely short-sighted and would do far more harm than good.

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Commentary: Get Ready for a New Roaring Twenties

Statue of Liberty

On New Year’s Eve of 2019, revelers gathered around the globe to ring in a new decade. Many jubilantly attended “Roaring Twenties” parties, adorned in elegant evening wear, cloche and Panama hats, and knickerbockers, harkening back to an exciting, culturally vibrant era of economic prosperity. But whatever veiled hopes partygoers had for a booming future soon met jarring realities: a once-in-a-century pandemic, global lockdowns, an economic recession, and widespread civil unrest stemming from an incident of police brutality. The Roaring 2020s were not to be, it seemed.

Take heart: Mark P. Mills, a physicist, senior fellow at the Manhattan Institute, faculty fellow at Northwestern University, and a partner in Montrose Lane, an energy-tech venture fund, is out to rekindle our collectively dashed hopes. In his new book, The Cloud Revolution: How the Convergence of New Technologies Will Unleash the Next Economic Boom and a Roaring 2020s, Mills convincingly argues with verve, vitality, and – most importantly – evidence, that humanity is about to take a great step forward in the coming decade. And unlike the first Roaring Twenties, these won’t need to end with a Great Depression.

In the opening pages, Mills reminds us that the original Roaring Twenties didn’t start off so auspiciously, either. In fact, separated by a century, our situation seems eerily similar. The 1918 flu pandemic ran well into 1920, triggering a severe U.S. recession that lasted through summer 1921. Violent riots and political instability were also prevalent. Yet from this pit of public despair, Americans pulled themselves out. Propelled by remarkable advancements in mass production, medicine, electrification, communications via telephone and radio, movies, automobiles, and aviation, the United States saw its GDP rise by an astounding 43% between 1921 and 1929.

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University of Michigan-Flint Grant to Support 300 Jobs, $10.4M Investment in Flint

The U.S. Secretary of Commerce’s Economic Development Administration (EDA) awarded a $3.8 million Coronavirus Aid, Relief, and Economic Security Act (CARES) Recovery Assistance grant to the University of Michigan-Flint, Flint, to construct the university’s new College of Innovation and Technology.

The grant, to be matched with $4.9 million in local funds, is expected to create 126 jobs, retain 175 jobs, and generate $10.4 million in private investment.

“We are grateful to Secretary Raimondo and the Biden Administration for investing in University of Michigan-Flint’s College of Innovation and Technology,” Whitmer said in a statement. “This grant will help us usher in a new era of prosperity by supporting over 300 good-paying jobs and generating $10.4 million in private investment.” 

Mayor Sheldon Neeley welcomed the investment.

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The Left’s Delusions on Economics and the Slow Decline of Human Employment

Steve Gill

During Monday’s broadcast of The Gill Report – live on WETR 92.3 FM in Knoxville – conservative political commentator and Tennessee Star Political Editor Steve Gill questioned whether the left truly understands the dynamics of equality and economics and how mandating the rise of minimum wage may inadvertently deplete a human work force. Gill pondered, “Among the many things that kind of make me scratch my head and wonder about, well the left and those that don’t understand basic economics – kind of like the woman NBA player complaining about not getting paid as much as men.” He continued: When the WNBA creates 25 million a a year in revenue and the men’s NBA creates 7.4 billion in revenue. You can only pay what’s produced at the gate and until women’s basketball produces more fans more interest more viewership more butts int the seat. Women’s’ basketball players aren’t going to get paid what men’s basketball players get paid when they generate the eyeballs. It’s simple economics. You’re also seeing folks on the left complain that we’ve got to raise the minimum wage. And were seeing it take place around the country. Where some places are seeing $15.00 minimum wage at fast…

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The 100 Greatest Innovations of 2017

The year’s most transformative products and discoveries. WE COULD BRAG. We could say our 30th annual list of the most transformative products and discoveries required trucks full of experts, hours of toil, and countless friendship-ending debates. That’s true, but you just want the good stuff. So read on. A robot just made me french fries. Delicious,…

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