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Cathy Bogaart

Science for the greater economic good : Nature - 0 views

  • A 2006 study (see http://tinyurl.com/bv8xk6) concluded that if the university disappeared, 77,000 local jobs and a net value in the region of £21 billion (US$29.5 billion) would go with it.
  • universities in the United States have similarly become important generators of local and national economic growth.
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    Shows again how innovation could potentially help us out of the recession: BOOK REVIEW -Tapping the Riches of Science: Universities and the Promise of Economic Growth by Roger L. Geiger and & Creso M. Sá
Tim T

The Year in Innovation - BusinessWeek - 0 views

  • Among fresh or fringe approaches that became mainstream tools in 2009: trickle-up innovation, design thinking, and open innovation
  • forced companies to break some bad habits—such as wantonly pursuing every new idea—which could help them roll out new money-making products and services as the recession eases
  • Design thinking
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  • Executives at all levels would be more innovative and therefore successful if they approached problems the way designers do
  • understanding a problem or need from the consumer's point of view and then coming up with the best good or service for the job
Tim T

County facing 'worst' budget scenario - LA Daily News - 1 views

  • 2010-11 "will probably be the worst year for county services in recent history."
  • Hoping to close a $19.9 billion budget gap over the next 18 months
  • governor on Friday proposed $8.5 billion in cuts in health and social services and $4.5 billion in alternative funding and fund shifts
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  • If the federal government doesn't provide the state with an additional $6.9 billion requested by Schwarzenegger, the governor's budget calls for eliminating In-Home Supportive Services, CalWORKS welfare and Healthy Families programs, which provides services to millions of Californians.
  • "There are recommendations to cut more than $2.9 billion from social service programs," McIntosh said. "This action alone will further push families into poverty, putting them in a dire situation from which they may never recover."
  • Elimination of these programs will, in turn, impact other areas as well, including the criminal justice system, the homeless population and county welfare rolls. Elimination of the IHSS and CalWORKS programs would put 450,000 people out of work.
Tim T

Women and work: We did it! | The Economist - 0 views

  • within the next few months women will cross the 50% threshold and become the majority of the American workforce
  • Women already make up the majority of university graduates in the OECD countries and the majority of professional workers in several rich countries, including the United States. Women run many of the world’s great companies, from PepsiCo in America to Areva in France.
  • Women’s economic empowerment is arguably the biggest social change of our times
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  • women are still under-represented at the top of companies. Only 2% of the bosses of America’s largest companies and 5% of their peers in Britain are women.
  • juggling work and child-rearing is difficult
  • Many women feel they have to choose between their children and their careers. Women who prosper in high-pressure companies during their 20s drop out in dramatic numbers in their 30s and then find it almost impossible to regain their earlier momentum. Less-skilled women are trapped in poorly paid jobs with hand-to-mouth child-care arrangements. Motherhood, not sexism, is the issue: in America, childless women earn almost as much as men, but mothers earn significantly less. And those mothers’ relative poverty also disadvantages their children.
  • the shift towards women is likely to continue: by 2011 there will be 2.6m more female than male university students in America.
  • All this argues, mostly, for letting the market do the work.
  • Norway has used threats of quotas to dramatic effect. Some 40% of the legislators there are women. All the Scandinavian countries provide plenty of state-financed nurseries. They have the highest levels of female employment in the world and far fewer of the social problems that plague Britain and America.
  • there are plenty of cheaper, subtler ways in which governments can make life easier for women
  • Some popular American charter schools now offer longer school days and shorter summer holidays.
Tim T

Beijing plays hardball with Washington - thestar.com - 0 views

  • Western countries were preparing for a more assertive China to emerge over the next decade. No one thought it would happen virtually overnight.
  • "Before the (Beijing) Olympics everyone believed it was going to be gradual. People would have time to adapt. But over the past 18 months things have just developed so rapidly."
  • China's ability to survive and thrive through the financial crisis left many Chinese feeling their system is just better, says Stubbe Ostergaard
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  • While many Western countries experienced negative growth last year, China registered a jaw-dropping 8.7 per cent increase. Though much of it was achieved by a generous stimulus package, it maintained jobs and, in the end, helped fuel feelings of superiority.
  • Economic power is inexorably shifting away from the U.S. and towards China, he says, and coming with it is power and influence. "China is stronger now. It's more influential," says Yao. "And the Chinese banking sector looks better than the Western banking system."
  • "Saving face matters to the Chinese," he says. "But if you slap the Chinese face once, twice, three times, four times – that's too much." That language underlines the stark differences in the two nations' perception of issues such as Taiwan, Tibet and the Dalai Lama.
  • "China has risen to a different place. ... It's clearly an unsettling stage in U.S.-China relations, a new paradigm. No one is really sure how it's going to shake out."
Assunta Krehl

Clean Water Capital - CBC Radio - Metro Morning - March 9, 2010 - 0 views

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    Clean energy was mentioned in the Speech from the Throne. Tom Rand, MaRS Discovery District Clean Tech Practice Lead shares his views on what it means to marry jobs and the environment.
Tim T

How to Make Wealth - 0 views

  • Remember what a startup is, economically: a way of saying, I want to work faster. Instead of accumulating money slowly by being paid a regular wage for fifty years, I want to get it over with as soon as possible. So governments that forbid you to accumulate wealth are in effect decreeing that you work slowly. They're willing to let you earn $3 million over fifty years, but they're not willing to let you work so hard that you can do it in two. They are like the corporate boss that you can't go to and say, I want to work ten times as hard, so please pay me ten times a much. Except this is not a boss you can escape by starting your own company.
  • What is technology? It's technique. It's the way we all do things. And when you discover a new way to do things, its value is multiplied by all the people who use it. It is the proverbial fishing rod, rather than the fish. That's the difference between a startup and a restaurant or a barber shop. You fry eggs or cut hair one customer at a time. Whereas if you solve a technical problem that a lot of people care about, you help everyone who uses your solution. That's leverage.If you look at history, it seems that most people who got rich by creating wealth did it by developing new technology. You just can't fry eggs or cut hair fast enough. What made the Florentines rich in 1200 was the discovery of new techniques for making the high-tech product of the time, fine woven cloth. What made the Dutch rich in 1600 was the discovery of shipbuilding and navigation techniques that enabled them to dominate the seas of the Far East.
  • What a company does, and has to do if it wants to continue to exist, is earn money. And the way most companies make money is by creating wealth. Companies can be so specialized that this similarity is concealed, but it is not only manufacturing companies that create wealth. A big component of wealth is location. Remember that magic machine that could make you cars and cook you dinner and so on? It would not be so useful if it delivered your dinner to a random location in central Asia. If wealth means what people want, companies that move things also create wealth. Ditto for many other kinds of companies that don't make anything physical. Nearly all companies exist to do something people want.And that's what you do, as well, when you go to work for a company. But here there is another layer that tends to obscure the underlying reality. In a company, the work you do is averaged together with a lot of other people's. You may not even be aware you're doing something people want. Your contribution may be indirect. But the company as a whole must be giving people something they want, or they won't make any money. And if they are paying you x dollars a year, then on average you must be contributing at least x dollars a year worth of work, or the company will be spending more than it makes, and will go out of business.Someone graduating from college thinks, and is told, that he needs to get a job, as if the important thing were becoming a member of an institution. A more direct way to put it would be: you need to start doing something people want. You don't need to join a company to do that. All a company is is a group of people working together to do something people want. It's doing something people want that matters, not joining the group.
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  • When wealth is talked about in this context, it is often described as a pie. "You can't make the pie larger," say politicians. When you're talking about the amount of money in one family's bank account, or the amount available to a government from one year's tax revenue, this is true. If one person gets more, someone else has to get less.I can remember believing, as a child, that if a few rich people had all the money, it left less for everyone else. Many people seem to continue to believe something like this well into adulthood. This fallacy is usually there in the background when you hear someone talking about how x percent of the population have y percent of the wealth. If you plan to start a startup, then whether you realize it or not, you're planning to disprove the Pie Fallacy.What leads people astray here is the abstraction of money. Money is not wealth. It's just something we use to move wealth around. So although there may be, in certain specific moments (like your family, this month) a fixed amount of money available to trade with other people for things you want, there is not a fixed amount of wealth in the world. You can make more wealth. Wealth has been getting created and destroyed (but on balance, created) for all of human history.Suppose you own a beat-up old car. Instead of sitting on your butt next summer, you could spend the time restoring your car to pristine condition. In doing so you create wealth. The world is-- and you specifically are-- one pristine old car the richer. And not just in some metaphorical way. If you sell your car, you'll get more for it.In restoring your old car you have made yourself richer. You haven't made anyone else poorer. So there is obviously not a fixed pie. And in fact, when you look at it this way, you wonder why anyone would think there was.
Assunta Krehl

CMO - Celebrating Ontario's top innovators - Canadian Manufacturing - May 25, 2010 - 0 views

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    The Premier's Innovation Awards was hosted by the Ontario Centre of Excellence (OCE) in partnership with MaRS. The award is part of Ontario's Innovation Agenda to invests $200,000 to $5 million in the provinces top innovators to help advance their cutting-edge research and development, while boosting global competitiveness and creating more high-skilled jobs.
Assunta Krehl

MaRS research and innovation hub to expand: Phase two construction will create 4,000 di... - 1 views

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    MaRS Discovery District Phase II construction is now underway and scheduled for completion in September 2013. Public Health Ontario and Ontario Institute for Cancer Research will be the anchor tenants in the Phase II development.
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