economic impact Archive

economic impactUS budget proposal and infrastructure plan highlights

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There is a $4.4 trillion 2019 budget proposal. It includes an infrastructure plan. The infrastructure plan calls for $200 billion in planned federal spending on infrastructure which is to incentive state, local and private funding for $1.5 trillion in overall …

economic impactSubways and light rail cost two to seven times more to build in the USA than Europe or Japan

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Brian M. Rosenthal of the New York Times lists the causes of the $2.6 billion per mile New York subway construction. Excessive staffing, little competition, generous contracts and archaic rules dramatically inflate capital costs for transit in New York. At …

economic impactRussia military spending almost halved from 2015 peak and Russia near financial collapse

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On January 4, 2018, Russia’s finance ministry said it had fully spent its reserve fund, as planned, in late 2017 to cover budget shortfalls. The finance ministry said it converted foreign currency it had in its reserve fund into rubles …

air forceTesting Director says the expensive F35s are not combat ready, unreliable and components need redesign

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The Director of Operational Testing, Robert Behler, says the F35 stealth fighter is still below requirements and is dependent on workarounds and would not meet Service expectations in combat situations. This is in the updated annual report on the F35. …

economic impactUS pro-growth Spending, Investment tries to sustain 3+% GDP growth

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Solid consumer spending, accelerating business investment and a housing rebound combined to drive fourth-quarter demand in the US economy. Gross domestic product expanded at a 3 percent annualized rate after 3.2 percent in the third quarter and 3.1 percent in …

economic impactThe US dropped to third tier innovation years ago and has been no aggressive or effective action

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Bloomberg’s Innovation ranking has the USA falling to 11th place from ninth mainly because of an eight-spot slump in the post-secondary, or tertiary, education-efficiency category, which includes the share of new science and engineering graduates in the labor force. Value-added …

chinaChina – US economies will be within 10% currency fluctuations from 2022-2027

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China’s GDP was over 82.71 trillion yuan in 2017. The Exchange rate was 6.45 at the end of 2017. A previous Nextbigfuture article had an error and divided 83.8 trillion yuan by the exchange rate. This has been corrected. …

economic impactExtreme Ultraviolet Lithography is finally happening for 7 nanometer and 5 nanometer chips

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Extreme ultraviolet lithography (EUV) is set to enable 10-nm and 7-nm process nodes over the next few years, but significant work is still needed on photoresists to enable 5-nm chips. ASML has plans in place to increase uptime of the …

cancerBlood test can detect eight cancers in early stages which could save half a million lives every year

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CancerSEEK is a blood test that detects tiny amounts of DNA and proteins released into the bloodstream from cancer cells. This can then indicate the presence of ovarian, liver, stomach, pancreatic, oesophageal, bowel, lung or breast cancers. Known as a …

economic impactKey hurdle overcome towards organic solar cells up to 1000 times cheaper than solar panels

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University of Michigan researchers have found a way to coax electrons to travel much further than was previously thought possible in the materials often used for organic solar cells and other organic semiconductors. An organic solar cell testing inside the …