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In Episode 441 of Hidden Forces, Demetri Kofinas speaks with Adam Posen, president of the Peterson Institute for International Economics, about the profound transformations underway in the global economy driven by America's transition away from being the world's primary insurance provider for international security to its most enterprising racketeer. In a recently published Foreign Affairs essay titled “The New Economic Geography: Who Profits in a Post-American World?” Adam compares America's role in the post-World War II era to that of an insurance provider, underwriting global security by protecting international shipping lanes, providing deep and liquid capital markets, and enforcing international laws and standards that have formed the bedrock of the last 80 years of economic growth and prosperity. Kofinas and Posen spend the first hour of this episode digging into Adam's insurance framework and why he believes the United States was the largest beneficiary of the system it created. They discuss some of the recent policy changes out of Washington and why they are transforming America's sphere of influence into something that looks more like a protection racket than a market for affordable insurance. Adam Posen draws implications for the continued role of US Treasuries as a global safe asset and whether a reduction of foreign capital flows into dollars will ultimately prove stimulative for the resurrection of industrial ecosystems that the administration has identified as vital to American national security and the long-term prosperity of the United States. The two also consider the degree to which the increased premiums that Washington is now charging its allies can be justified by rising risks in the international security environment and by the unpopularity among the MAGA base for foreign U.S. involvement. The second hour of their conversation turns to questions of execution—specifically, what is required for the successful implementation of a U.S. industrial policy. This includes a discussion about apprenticeships, skilled immigration, government-supported R&D, federal funding for university science and technology programs, and more integration and collaboration with allied economies. Posen and Kofinas also discuss why the use of tariffs, subsidies, and export controls—including the CHIPS and Science Act—implemented during both Joe Biden's and Donald Trump's administrations have underdelivered. They also examine why the current administration's trade policies have been oddly more accommodative toward China than toward America's closest allies and why this will ultimately prove to be a losing strategy in the long-term. Lastly, Demetri asks Adam for his view on what the recent battles between the Fed and the White House mean for the future of Fed independence and if Washington is laying the groundwork for a long-term rise in inflation expectations as it seeks to monetize its debt and deficits through an increasingly compliant and captured central bank. Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe. If you'd like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe. If you enjoyed today's episode of Hidden Forces, please support the show by: Subscribing on Apple Podcasts, YouTube, Spotify, Stitcher, SoundCloud, CastBox, or via our RSS Feed Writing us a review on Apple Podcasts & Spotify Joining our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and support the podcast at https://hiddenforces.io. Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 09/16/2025
Story of the Week (DR):The Cracker Barrel BSCracker Barrel scraps new logo design, keeps 'Old Timer' after listening to customersRestaurant chain's stock price sank following removal of 'Uncle Herschel' from brandingUncle Herschel wasn't just a marketing creation, he was a real person. Born Herschel McCartney, he was the younger brother of Cracker Barrel founder Dan Evins' mother and served as an early goodwill ambassador for the brand. A salesman for Martha White Flour Company for over three decades, Herschel traveled through rural America, building relationships in small-town general stores — the very kinds of places that inspired Cracker Barrel's original design and ethos.When Cracker Barrel introduced its iconic logo in 1969, the old-timer sitting beside the barrel was long thought by fans to be based on Herschel himself, though the company later clarified that this wasn't the case.In 2004, the Justice Department (during the George W. Bush administration) sued the chain for discriminating against Black customers. In 2006, they settled a lawsuit involving three of their Illinois restaurants for “discriminatory practices, racially charged language, and inappropriate touching.”Cracker Barrel's inconvenient fact: all the customers who loved its old logo had stopped going to the restaurantFounder Dan EvinsHis tone was considerably harsher when it came to defending a January 1991 directive to all the company's restaurants to fire employees “whose sexual preferences fail to demonstrate normal heterosexual values.” Mr. Evins's explanation for the edict was that gay people made customers in rural areas uncomfortable. As many as 16 openly or suspected gay employees were promptly fired.“They actually put a policy like this in writing, which was, and still is, shocking,” David Smith, a spokesman for the Human Rights Campaign.The New York City Employees Retirement System, which owned more than $6 million of Cracker Barrel shares, led other stock owners in using their votes and other legal means to organize resistance. In March 1991, Mr. Evins apologized and said the policy had been rescinded. But New York and its allies fought until 58 percent of the shareholders in 2002 persuaded Cracker Barrel's board to vote unanimously to explicitly forbid antigay discrimination in its equal employment policy.In July 2001, shareholders replaced Evins as CEO with Michael A. Woodhouse, who at the time was serving as the company's chief operating officer. Evins maintained his position as chairman of the board.Prior to founding the company, Dan worked for Consolidated Oil, a company founded by his grandfather.Cracker Barrel took down Pride page after rebrand fiascoCompany faced criticism over modernist redesign and support for LGBT causes before stock reboundThe website link for Cracker Barrel's Pride page, which used to boast that the company was "bringing the porch to Pride," now redirects to its "Culture and Belonging" page.Cracker Barrel previously sponsored the Nashville Pride Parade in 2024 and unveiled a line of rainbow-colored rocking chairs for Pride month. The company also has an LGBTQ employee resource group called the "LGBTQ+ Alliance," along with groups for veterans and other communities.Despite claims it's 'too woke,' Cracker Barrel actually has a fraught LGBTQ+ historyCracker Barrel received a score of zero on the inaugural index in 2002. The chain was criticized in the 1990s for discrimination against gay employees. In 1991, the company adopted a corporate policy stating that any worker who failed to demonstrate "normal heterosexual values" would be fired. Eleven employees were terminated under the rule, leading to boycotts and protests nationwide. Over time, Cracker Barrel's HRC score improved, reaching 80 in 2021 after the company took several public pro-LGBTQ stances.58 percent of the shareholders in 2002 persuaded Cracker Barrel's board to vote unanimously to explicitly forbid antigay discrimination in its equal employment policy.Proud Representation: Business Resource Groups: These voluntary, employee-led organizations are open to all employees and provide opportunities to network, develop leadership skills, and serve as cross-functional resources for our teams.AMPT (Advancing Modern Professionals for Tomorrow) aims to connect and empower modern professionals by promoting a community of inclusive, ambitious, and diverse members that unify through the Cracker Barrel to equip our community and leaders for the future. This BRG provides networking, development, and community outreach opportunities that supplement the professional and personal lives of its members.The mission of Be Bold is to cultivate and develop Black Leaders within the Cracker Barrel organization utilizing allyship, mentorship, and education to create a path to continued excellence as well as a vibrant and diverse community.B-Well: Cracker Barrel's Wellness BRG partners with the Benefits Department to improve the employee experience by sponsoring health and wellness activities that nurture employees' physical, emotional, financial, and intellectual well-being. Balance in these areas reduces distractions and allows employees to improve their focus and productivity.HOLA's mission is to promote Hispanic and Latino culture through hiring, developing, and retaining talent within Cracker Barrel. To create a culture of inclusivity and awareness through community outreach.LGBTQ+ Alliance: Supporting Home Office and Field employees to bring their whole selves to work while strengthening Cracker Barrel's relationship to the LGBTQ+ community.NeuroVerse Collective is focused on advocacy and education around Neurodiversity.Our Veteran's BRG, SERVE, is dedicated to advocating for leadership and development opportunities for its members. We foster an environment of networking and volunteerism while focusing on recruitment, retention, and advancement of Veterans at this company.Women's Connect: Our mission & goal is to inspire the women of Cracker Barrel by empowering, educating and engaging to achieve the strategic initiatives of Cracker Barrel.The anti-DEI purge continues: MMFed emphasizes its commitment to 'independence' as Lisa Cook pledges to sue over Trump's 'illegal' firingWhite House fires CDC director [Susan Monarez] who says RFK Jr. is ‘weaponizing public health'White House names RFK Jr deputy Jim O'Neill as replacement CDC directorUnlike Monarez, O'Neill, a former investment executive, does not have a medical or scientific background. He served as a speechwriter for the health department during the George W Bush administration, and went on to work for the tech investor and conservative mega-donor Peter Thiel.Trump Fires Member of Board That Approves Railroad MergersRobert E. Primus received an email from the White House terminating his position, but he said he would continue his duties.The Oligarchy Rules!: Trump makes the government Intel's largest investorIntel has entered into an agreement with the U.S. government, specifically the Department of Commerce, for an $8.9 billion investment in the company. This investment is in the form of the government purchasing Intel common stock.The U.S. government will gain a nearly 10% stake in Intel.This funding is part of the CHIPS and Science Act and the Secure Enclave program, aimed at boosting the domestic semiconductor industry.The government's ownership will be passive, with no board representation or governance rights.Each Warrant represents the right to purchase one share of common stock at an exercise price of $20.00 per share.On August 18, 2025, Intel Corporation entered into a Securities Purchase Agreement with SoftBank Group Corp. pursuant to which SoftBank agreed to purchase 86,956,522 shares of the Company's common stock for an aggregate purchase price in cash of $2.0 billion, representing a price per share of $23.00 per share.Goodliest of the Week (MM/DR):DR: Korea passes boardroom reform, curbing chaebol power MM DRMM: Red Lobster Is Betting on Black Diners With Its Brand ComebackMM: Bluesky now platform of choice for science communityAssholiest of the Week (MM):Shareholder democracyFrom Mike Levin, host of Shareholder Primacy and writer of the Activist Investor newsletter: Followers here should recall ten current and former TSLA directors agreed to repay about $735 million in comp they received from 2017-2020 as part of a settlement of a derivative lawsuit, Detroit v. Tesla.February 25, 2025 - TSLA receives $735 million in cash and returned options from ten director defendants, five of which currently serve on the TSLA BoD, without specifying how much each defendant paidMarch 31 - We filed our opening brief, acknowledging that receipt of the damages and noting the five director defendants currently on the TSLA BoD had not filed SEC Form 4 showing a change in options holdings to reflect returned optionsApril 29 or 30 - TSLA BoD authorizes cancellation of options to reflect the settlementMay 1 - The five defendants currently on the TSLA BoD file Form 4 showing return of options as part of the settlement.It is impossible for Tesla to have received Settlement Options from Current Director Defendants by February 25, 2025 and for Current Director Defendants to have conveyed them to Tesla on May 1, 2025. Either Tesla misrepresented receipt of the Settlement Amount in a sworn affidavit or Current Director Defendants failed to timely file Form 4 with the SEC.From Kevin Barnes of K-Bar Holdings LLC, shareholder proponent at Eagle Materials:Files shareholder proposal to de-classify the board by amending the charter via Special Meeting in the June 23, 2025 proxy statementAt the AGM held August 4, 2025, Barnes wins the advisory vote… by a LOT - 92% in favor (92%!!!) - made more impressive given that 37.3% of shares are held by Fidelity, Vanguard, BlackRock, and JPM, not exactly communistsKevin emailed me Tuesday to say Eagle “has yet to notice a Special Meeting to formalize [the amendments]”On August 16th, 19 days after Samsara (where Marc Andreessen and Sue Wagner spend their time) held its AGM, the company added Gary Steele (whose company Shield AI is private and funded in large part by Andreessen Horowitz) to the boardQorvo, after John Cheveddan's shareholder proposal asking for the right of investors to call special meetings failed with 44% in favor and approved pay with just 59% in favor, ONE DAY after the annual meeting the board “approved” giant golden parachutes for the executivesMeritocracyRobert Primus: Trump Fires Member of Board That Approves Railroad Mergers“Robert Primus did not align with the president's America First agenda, and was terminated from his position by the White House.” He added, “The administration intends to nominate new, more qualified members to the Surface Transportation Board in short order.”Primus is a black man who went to Harvard and Hamton and has more than 20 year experience in politics - he was given the position originally by TrumpLisa Cook: Trump says he's removing Fed governor Lisa Cook, citing his administration's allegations of mortgage fraudLetitia Jones: Justice Dept. Abruptly Escalates Pressure Campaign on a Trump AdversaryMuriel Bowser, Karen Bass: Cities led by Black women are the first targets of Trump's political power grabKnow your surrendering boards DRCracker Barrel CEO Under Pressure To Resign After Logo U-TurnCarl Berquist (2019), Chair, ex Arthur AndersenJody Bilney (2022), ex HumanaSteve Bramlage (2025), Casey's GeneralGilbert Davila (2020), diversity marketing CEO (PoC!)John Garratt (2023), ex Dollar GeneralMichael Goodwin (2024), tech at PetSmart (PoC!)Cheryl Henry (2024), ex Ruth'sJulie Felss Masino, CEOGisel Ruiz (2020), ex Sam's Club (PoC!)Daryl Wade (2021), ex Union Square Hospitality (PoC!)Cracker Barrel board member under fire for DEI backgroundTrump makes the government Intel's largest investorFrank Yeary (2009), Chair, PE/VC tech guyJim Goetz (2019), SequoiaAndrea Goldsmith (2021), dean at PrincetonAlyssa Henry (2020), ex CEO of BlockEric Meurice (2024), ex ASML HoldingsBarbara Novick (2022), ex Blackrock founderSteve Sanghi (2024), Microchip TechnologyGreg Smith (2017), ex BoeingStacy Smith (2024), ex KioxiaDion Weisler (2020), ex HPHeadliniest of the WeekDR: Pork Industry Leader David Newman Selected as National Pork Board's Next CEOMM: Jeff Bezos Said He Would Have 'Felt Icky' Had He Taken Any More Shares Of Amazon: 'I Just Didn't Feel Good...'MM: Sam Altman says colleagues are glad he's a dad now, because they think raising a child will help him make ‘better decisions for humanity'Who Won the Week?DR: Hopeful Susan Collins slayer and oyster farmer Graham Platner: “I did four infantry tours in the Marine Corps and the army. I'm not afraid to name an enemy, and the enemy is the oligarchy. It's the billionaires who pay for it, the politicians who sell us out.”MM: Journalists who listen to Business Pants: Cracker Barrel's inconvenient fact: all the customers who loved its old logo had stopped going to the restaurant - where Dee Ann Durbin of the AP literally took my rant about foot traffic and stock movements part for partPredictionsDR: The following lines will be deleted from Cracker Barrel's next proxy statement:[The Public Responsibility Committee ] “Reviews the Company's progress in its diversity and inclusion initiatives and compliance with the Company's responsibilities as an equal opportunity employer”“ In addition, our nominees — including five (5) women and three (3) individuals who are racially or ethnically diverse — embody the diversity that we believe is critical to the effective functioning of any public company board today, particularly in a consumer-facing industry such as ours.”“Board Diversity Matrix”Or at least the following term from that matrix: “Non-Binary”“Gilbert R. Dávila, age 61, first became one of our directors in July 2020. Since 2010, Mr. Dávila has served as the President and Chief Executive Officer of DMI Consulting — a leading multicultural marketing, diversity & inclusion, and strategy firm in the United States.”Cracker Barrel board member under fire for DEI background after restaurant ditches traditional logo MM: Ramon Laguarta, the CEO of Pepsi, quietly scraps a plan for their brand Quaker Oats to remove the picture of the old white quaker guy from the cartons of oats and instead asks the marketing team to make the quaker guy even older and whiter and possible they should consider adding a shotgun in his hands with “boobs rule” written on the side of it
Three years ago, then-President Biden signed the CHIPS and Science Act into law, with hopes of giving the U.S. semiconductor industry a boost amid strategic competition with China. Since then, the federal government has been funneling billions into the sector, including STEM education investments. Yet, according to a new study, there's still a shortage of skilled workers to fill critical chip production jobs. But first, a recent grad reflects on automation in the job-hunting process.
Three years ago, then-President Biden signed the CHIPS and Science Act into law, with hopes of giving the U.S. semiconductor industry a boost amid strategic competition with China. Since then, the federal government has been funneling billions into the sector, including STEM education investments. Yet, according to a new study, there's still a shortage of skilled workers to fill critical chip production jobs. But first, a recent grad reflects on automation in the job-hunting process.
This week we talk about General Motors, the Great Recession, and semiconductors.We also discuss Goldman Sachs, US Steel, and nationalization.Recommended Book: Abundance by Ezra Klein and Derek ThompsonTranscriptNationalization refers to the process through which a government takes control of a business or business asset.Sometimes this is the result of a new administration or regime taking control of a government, which decides to change how things work, so it gobbles up things like oil companies or railroads or manufacturing hubs, because that stuff is considered to be fundamental enough that it cannot be left to the whims, and the ebbs and eddies and unpredictable variables of a free market; the nation needs reliable oil, it needs to be churning out nails and screws and bullets, so the government grabs the means of producing these things to ensure nothing stops that kind of output or operation.That more holistic reworking of a nation's economy so that it reflects some kind of socialist setup is typically referred to as socialization, though commentary on the matter will still often refer to the individual instances of the government taking ownership over something that was previously private as nationalization.In other cases these sorts of assets are nationalized in order to right some kind of perceived wrong, as was the case when the French government, in the wake of WWII, nationalized the automobile company Renault for its alleged collaboration with the Nazis when they occupied France.The circumstances of that nationalization were questioned, as there was a lot of political scuffling between capitalist and communist interests in the country at that time, and some saw this as a means of getting back against the company's owner, Louis Renault, for his recent, violent actions against workers who had gone on strike before France's occupation—but whatever the details, France scooped up Renault and turned it into a state-owned company, and in 1994, the government decided that its ownership of the company was keeping its products from competing on the market, and in 1996 it was privatized and they started selling public shares, though the French government still owns about 15% of the company.Nationalization is more common in some non-socialist nations than others, as there are generally considered to be significant pros and cons associated with such ownership.The major benefit of such ownership is that a government owned, or partially government owned entity will tend to have the government on its side to a greater or lesser degree, which can make it more competitive internationally, in the sense that laws will be passed to help it flourish and grow, and it may even benefit from direct infusions of money, when needed, especially with international competition heats up, and because it generally allows that company to operate as a piece of government infrastructure, rather than just a normal business.Instead of being completely prone to the winds of economic fortune, then, the US government can ensure that Amtrak, a primarily state-owned train company that's structured as a for-profit business, but which has a government-appointed board and benefits from federal funding, is able to keep functioning, even when demand for train services is low, and barbarians at the gate, like plane-based cargo shipping and passenger hauling, becomes a lot more competitive, maybe even to the point that a non-government-owned entity may have long-since gone under, or dramatically reduced its service area, by economic necessity.A major downside often cited by free-market people, though, is that these sorts of companies tend to do poorly, in terms of providing the best possible service, and in terms of making enough money to pay for themselves—services like Amtrak are structured so that they pay as much of their own expenses as much as possible, for instance, but are seldom able to do so, requiring injections of resources from the government to stay afloat, and as a result, they have trouble updating and even maintaining their infrastructure.Private companies tend to be a lot more agile and competitive because they have to be, and because they often have leadership that is less political in nature, and more oriented around doing better than their also private competition, rather than merely surviving.What I'd like to talk about today is another vital industry that seems to have become so vital, like trains, that the US government is keen to ensure it doesn't go under, and a stake that the US government took in one of its most historically significant, but recently struggling companies.—The Emergency Economic Stabilization Act of 2008 was a law passed by the US government after the initial whammy of the Great Recession, which created a bunch of bailouts for mostly financial institutions that, if they went under, it was suspected, would have caused even more damage to the US economy.These banks had been playing fast and loose with toxic assets for a while, filling their pockets with money, but doing so in a precarious and unsustainable manner.As a result, when it became clear these assets were terrible, the dominos started falling, all these institutions started going under, and the government realized that they would either lose a significant portion of their banks and other financial institutions, or they'd have to bail them out—give them money, basically.Which wasn't a popular solution, as it looked a lot like rewarding bad behavior, and making some businesses, private businesses, too big to fail, because the country's economy relied on them to some degree. But that's the decision the government made, and some of these institutions, like Goldman Sachs, had their toxic assets bought by the government, removing these things from their balance sheets so they could keep operating as normal. Others declared bankruptcy and were placed under government control, including Fannie Mae and Freddie Mac, which were previously government supported, but not government run.The American International Group, the fifth largest insurer in the world at that point, was bought by the US government—it took 92% of the company in exchange for $141.8 billion in assistance, to help it stay afloat—and General Motors, not a financial institution, but a car company that was deemed vital to the continued existence of the US auto market, went bankrupt, the fourth largest bankruptcy in US history. The government allowed its assets to be bought by a new company, also called GM, which would then function as normal, which allowed the company to keep operating, employees to keep being paid, and so on, but as part of that process, the company was given a total of $51 billion by the government, which took a majority stake in the new company in exchange.In late-2013, the US government sold its final shares of GM stock, having lost about $10.7 billion over the course of that ownership, though it's estimated that about 1.5 million jobs were saved as a result of keeping GM and Chrysler, which went through a similar process, afloat, rather than letting them go under, as some people would have preferred.In mid-August of this year, the US government took another stake in a big, historically significant company, though this time the company in question wasn't going through a recession-sparked bankruptcy—it was just falling way behind its competition, and was looking less and less likely to ever catch up.Intel was founded 1968, and it designs, produces, and sells all sorts of semiconductor products, like the microprocessors—the computer chips—that power all sorts of things, these days.Intel created the world's first commercial computer chip back in 1971, and in the 1990s, its products were in basically every computer that hit the market, its range and dominance expanding with the range and dominance of Microsoft's Windows operating system, achieving a market share of about 90% in the mid- to late-1990s.Beginning in the early 2000s, though, other competitors, like AMD, began to chip away at Intel's dominance, and though it still boasts a CPU market share of around 67% as of Q2 of 2025, it has fallen way behind competitors like Nvidia in the graphics card market, and behind Samsung in the larger semiconductor market.And that's a problem for Intel, as while CPUs are still important, the overall computing-things, high-tech gadget space has been shifting toward stuff that Intel doesn't make, or doesn't do well.Smaller things, graphics-intensive things. Basically all the hardware that's powered the gaming, crypto, and AI markets, alongside the stuff crammed into increasingly small personal devices, are things that Intel just isn't very good at, and doesn't seem to have a solid means of getting better at, so it's a sort of aging giant in the computer world—still big and impressive, but with an outlook that keeps getting worse and worse, with each new generation of hardware, and each new innovation that seems to require stuff it doesn't produce, or doesn't produce good versions of.This is why, despite being a very unusual move, the US government's decision to buy a 10% stake in Intel for $8.9 billion didn't come as a total surprise.The CEO of Intel had been raising the possibility of some kind of bailout, positioning Intel as a vital US asset, similar to all those banks and to GM—if it went under, it would mean the US losing a vital piece of the global semiconductor pie. The government already gave Intel $2.2 billion as part of the CHIPS and Science Act, which was signed into law under the Biden administration, and which was meant to shore-up US competitiveness in that space, but that was a freebie—this new injection of resources wasn't free.Response to this move has been mixed. Some analysts think President Trump's penchant for netting the government shares in companies it does stuff for—as was the case with US Steel giving the US government a so-called ‘golden share' of its company in exchange for allowing the company to merge with Japan-based Nippon Steel, that share granting a small degree of governance authority within the company—they think that sort of quid-pro-quo is smart, as in some cases it may result in profits for a government that's increasingly underwater in terms of debt, and in others it gives some authority over future decisions, giving the government more levers to use, beyond legal ones, in steering these vital companies the way it wants to steer them.Others are concerned about this turn of events, though, as it seems, theoretically at least, anti-competitive. After all, if the US government profits when Intel does well, now that it owns a huge chunk of the company, doesn't that incentivize the government to pass laws that favor Intel over its competitors? And even if the government doesn't do anything like that overtly, doesn't that create a sort of chilling effect on the market, making it less likely serious competitors will even emerge, because investors might be too spooked to invest in something that would be going up against a partially government-owned entity?There are still questions about the legality of this move, as it may be that the CHIPS Act doesn't allow the US government to convert grants into equity, and it may be that shareholders will find other ways to rebel against the seeming high-pressure tactics from the White House, which included threats by Trump to force the firing of its CEO, in part by withholding some of the company's federal grants, if he didn't agree to giving the government a portion of the company in exchange for assistance.This also raises the prospect that Intel, like those other bailed-out companies, has become de facto too big to fail, which could lead to stagnation in the company, especially if the White House goes further in putting its thumb on the scale, forcing more companies, in the US and elsewhere, to do business with the company, despite its often uncompetitive offerings.While there's a chance that Intel takes this influx of resources and support and runs with it, catching up to competitors that have left it in the dust and rebuilding itself into something a lot more internationally competitive, then, there's also the chance that it continues to flail, but for much longer than it would have, otherwise, because of that artificial support and government backing.Show Noteshttps://www.reuters.com/legal/legalindustry/did-trump-save-intel-not-really-2025-08-23/https://www.nytimes.com/2025/08/23/business/trump-intel-us-steel-nvidia.htmlhttps://arstechnica.com/tech-policy/2025/08/intel-agrees-to-sell-the-us-a-10-stake-trump-says-hyping-great-deal/https://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganizationhttps://www.investopedia.com/articles/economics/08/government-financial-bailout.asphttps://www.tomshardware.com/pc-components/cpus/amds-desktop-pc-market-share-hits-a-new-high-as-server-gains-slow-down-intel-now-only-outsells-amd-2-1-down-from-9-1-a-few-years-agohttps://www.spglobal.com/commodity-insights/en/news-research/latest-news/metals/062625-in-rare-deal-for-us-government-owns-a-piece-of-us-steelhttps://en.wikipedia.org/wiki/Renaulthttps://en.wikipedia.org/wiki/State-owned_enterprises_of_the_United_Stateshttps://247wallst.com/special-report/2021/04/07/businesses-run-by-the-us-government/https://en.wikipedia.org/wiki/Nationalizationhttps://www.amtrak.com/stakeholder-faqshttps://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganization This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe
Commerce Secretary Howard Lutnick has confirmed that the Trump administration is considering taking a stake in the struggling U.S. chipmaker Intel. The arrangement would be unusual but not unprecedented. And Intel was already getting a federal grant under the CHIPS and Science Act, approved during the Biden administration. Also on the show: a dispatch from the annual World AI Conference in Shanghai and a look at the pluses and minuses of retailers using third-party vendors.
Commerce Secretary Howard Lutnick has confirmed that the Trump administration is considering taking a stake in the struggling U.S. chipmaker Intel. The arrangement would be unusual but not unprecedented. And Intel was already getting a federal grant under the CHIPS and Science Act, approved during the Biden administration. Also on the show: a dispatch from the annual World AI Conference in Shanghai and a look at the pluses and minuses of retailers using third-party vendors.
What does a community college in Idaho have to do with mounting economic tensions between the U.S. and China? A lot, actually. On this episode of Future U., Michael and Jeff dive into what the CHIPS and Science Act—the federal spending package designed to reduce the United States' reliance on foreign manufacturers for microchips and other advanced technologies—means for a segment of American postsecondary institutions that's often forgotten in these conversations: community colleges. They talk with nonprofit and government leaders about how the CHIPS supports the education and training of a high tech workforce. They then go deep with the team at the College of Western Idaho to get a view of how they are developing these programs in collaboration with their corporate partner, Micron. This episode is sponsored by Ascendium Education Group.
In this conversation, Laura welcomes Dr. Avis Proctor, President of Harper College. Dr. Proctor shares her journey from a mathematics educator to a college president, emphasizing need for intentionality in leadership, self-advocacy, and the power of community support in achieving success. She reflects on her career journey and the pivotal choices that shaped her path. She also provides insights on the challenges of navigating shifting terrains in education and the significance of co-creating strategies with her team to weather the current climate. Dr. Proctor also shares her strategies for maintaining focus and integrity amidst constant change, and her take on the importance of self-care and wellness in sustaining leadership energy. About Dr. Proctor Dr. Avis Proctor became the sixth president of William Rainey Harper College in July 2019. With over 30 years of experience working in multicultural environments as an innovative mathematics educator and administrator, she is committed to transforming lives through the power of education using research-based instructional strategies, strategic community engagement and future-focused economic development which all lead to strengthened educational opportunities that impact generations. Dr. Proctor also provides leadership on several boards from local to national levels including the Northwest Educational Council for Student Success (NECSS), the Community Colleges for International Development (CCID), the Belk Center for Community College Leadership and Research, and the Illinois Council of Community College Presidents (ICCCP). During her tenure at the College, Harper has been recognized as an Achieving the Dream (ATD) Leader College of Distinction in 2020 and 2023, and as a 2023 Aspen Top 25 institution and as a 2025 Aspen Top 20 institution, and is a lead member institution of The Bloch Quantum Tech Hub established by the CHIPS and Science Act in 2023. Dr. Proctor earned her bachelor's degree in Mathematics Education at Florida Agricultural and Mechanical University, a Master of Science in Teaching Mathematics at Florida Atlantic University, and her Doctorate in Higher Education at Florida International University. Dr. Proctor and her husband are the proud parents of one son. Connect with Dr. Proctor at Harper College Harper College on Facebook Harper College on LinkedIn Harper College on Instagram Harper College on X BWL Resources: Now enrolling for both the August 2025 sessions of the Early Career and Mid-Career programs. Learn more at https://blackwomanleading.com/programs-overview/ Full podcast episodes are now on Youtube. Subscribe to the BWL channel today! Credits: Learn about all Black Woman Leading® programs, resources, and events at www.blackwomanleading.com Learn more about our consulting work with organizations at https://knightsconsultinggroup.com/ Email Laura: info@knightsconsultinggroup.com Connect with Laura on LinkedIn Follow BWL on LinkedIn Instagram: @blackwomanleading Facebook: @blackwomanleading Youtube: @blackwomanleading Podcast Music & Production: Marshall Knights Graphics: Téa Campbell Listen and follow the podcast on all major platforms: Apple Podcasts Spotify Stitcher iHeartRadio Audible Podbay
The New Global Possible, aksi iklim tidak lagi dipandang sebagai pengorbanan ekonomi, melainkan sebagai pilar sentral untuk pertumbuhan dan penciptaan lapangan kerja. Narasi ini merupakan perubahan besar dari pandangan sebelumnya yang menganggap aksi iklim sebagai beban ekonomi yang berisiko. Para pemimpin seperti Presiden Joe Biden secara historis mempromosikan strategi ekonomi yang mengintegrasikan aksi iklim untuk menghidupkan kembali ekonomi, meningkatkan daya saing, dan menciptakan jutaan lapangan kerja energi bersih. Undang-undang AS seperti Bipartisan Infrastructure Law (BIL), CHIPS and Science Act, dan Inflation Reduction Act (IRA) mengalokasikan triliunan dolar untuk tujuan ini, yang menghasilkan dampak positif pada ekonomi dan lingkungan. Pergeseran pola pikir ini sangat dipengaruhi oleh penelitian dan advokasi dari Komisi Global tentang Ekonomi dan Iklim, yang meluncurkan laporan Better Growth, Better Climate pada tahun 2014. Laporan ini menantang pemikiran yang sudah lama tertanam bahwa pertumbuhan ekonomi dan aksi iklim adalah permainan zero-sum. Sebaliknya, laporan tersebut menyimpulkan bahwa aksi iklim yang cerdas dapat menghasilkan masa depan yang lebih dinamis, kompetitif, dan menarik investasi. Laporan ini, yang didukung oleh para pemimpin global dan ekonom terkemuka, menjadi dasar bagi narasi pertumbuhan baru yang meyakinkan. Penelitian ini menunjukkan bahwa biaya kelambanan iklim jauh lebih besar daripada biaya tindakan. Selain itu, laporan ini menemukan bahwa investasi dalam ekonomi rendah karbon akan meningkatkan efisiensi ekonomi, mendorong inovasi, dan mengurangi risiko. Hal ini juga menyoroti manfaat yang lebih luas seperti peningkatan kesehatan masyarakat, pengurangan polusi, dan penciptaan puluhan juta lapangan kerja baru. Narasi baru ini telah membantu para pemimpin negara-negara berkembang dan ekonomi menengah untuk melihat transisi iklim sebagai peluang pertumbuhan, memungkinkan mereka untuk melewati fase pembangunan yang merusak dan kotor. Pergeseran pola pikir ini terbukti dalam tindakan yang dilakukan di seluruh dunia. Tiongkok, meskipun merupakan penghasil emisi terbesar, telah menjadi pemimpin tak terbantahkan dalam pasar energi terbarukan global dengan mengendalikan lebih dari 80% kapasitas manufaktur panel surya dan hampir 60% pasokan angin dunia. Investasi dini Tiongkok telah secara signifikan menurunkan biaya energi terbarukan di seluruh dunia. Di India, investasi dalam energi bersih melonjak, dan pemerintah telah menetapkan target ambisius untuk kapasitas non-bahan bakar fosil. Indonesia juga mengadopsi rencana pembangunan rendah karbon yang dapat meningkatkan PDB dan menciptakan jutaan lapangan kerja. Pada akhirnya, kesuksesan transisi ekonomi ini tidak hanya bergantung pada penelitian dan investasi, tetapi juga pada kepemimpinan politik dan kerja sama. Transisi ini membutuhkan pendekatan menyeluruh dari pemerintah, di mana setiap kementerian—bukan hanya kementerian lingkungan hidup—memainkan peran aktif. Ini juga menyoroti pentingnya memastikan bahwa keuntungan dari ekonomi hijau didistribusikan secara adil, melindungi pekerja yang rentan dan memastikan bahwa transisi ini inklusif. Dengan fokus yang tepat pada tindakan yang memiliki dampak terbesar dan membangun dukungan politik, "kisah pertumbuhan baru" ini dapat terwujud, menciptakan masa depan yang lebih aman dan sejahtera untuk semua.
The CHIPS and Science Act is one of the landmark pieces of legislation relaunching American industrial policy. The legislation led to the creation of NSF's first new directorate in 30 years and the formation of regional innovation hubs, expanding training and workforce development opportunities nationwide. The legislation also authorized specific federal investments for STEM education and workforce development that can support the full workforce stack. In this AAAS STPF Sci on the Fly podcast episode, current AAAS-ASGCT Congressional Policy Fellow Adriana Bankston speaks with key individuals who crafted the legislation and have worked on implementation in multiple sectors: STPF alum Dahlia Sokolov (Congress), Kei Koizumi (formerly OSTP), Travis York (AAAS) and Michael Holland (U Pitt). This podcast episode covers the legislation's journey from development to implementation, including stakeholder engagement and the role of public-private partnerships, framing the legislation in current times and what we can expect in the future. This podcast does not necessarily reflect the views of AAAS, its Council, Board of Directors, officers, or members. AAAS is not responsible for the accuracy of this material. AAAS has made this material available as a public service, but this does not constitute endorsement by the association.
In this episode of the CE Pro Podcast, Paul Williams, Managing Director of Home Management Solutions at Nice, discusses his recent advocacy efforts on Capitol Hill as part of CEDIA's second annual Smart Home Day. The conversation focuses on why direct engagement with lawmakers is essential for the continued growth and innovation of the smart home industry.Williams outlines several key policy issues raised during meetings with Congressional staff, including the need for tariff relief on specific imported products, support for the CHIPS and Science Act to bolster domestic semiconductor production, and backing for the Freedom to Invest in Tomorrow's Workforce Act, which expands 529 savings plans to cover trade school and certification programs.The episode underscores how industry-led advocacy efforts are not only elevating the profile of home technology professionals but also shaping future discussions around emerging topics like artificial intelligence and data privacy. Williams encourages broader participation from integrators and manufacturers to ensure the industry's voice is heard as regulations continue to evolve.
When the Biden administration announced the CHIPS and Science Act back in 2022, it was seen as a pivotal move to boost the US semiconductor industry and maintain America’s leadership in AI development. But the legislation was just one piece of a broader, multi-year strategy to counter China’s AI ambitions — and leading the way was Jake Sullivan, former National Security Advisor and longtime foreign policy figure. Sullivan sits down with Oz to discuss why he turned his attention to tech policy, how the Biden administration used export controls and global alliances to curb China’s technological rise, and hear his reflections on the country’s – and tech’s – role in conflicts abroad.See omnystudio.com/listener for privacy information.
De politie gebruikt steeds vaker AI en algoritmen, maar daarvoor bestaat geen duidelijke regelgeving en toezicht. Daardoor komen grondrechten van burgers in gevaar, stelt de Wetenschappelijke Adviesraad Politie (WARP). Michiel Jurrjens vertelt erover in de Tech Update. Door de snelle technische ontwikkelingen en de slechte afstemming tussen verschillende projecten is onduidelijk hoe de politie AI precies gebruikt. Innovatie zonder regie, heldere kaders en passende regelgeving brengt risico's met zich mee, stelt de raad; voor burgers en voor agenten, die door het gebrek aan "rechtstatelijke verankering" in een "niemandsland" belanden. Een ander probleem is dat het verzamelen en verwerken van gegevens door de politie door verschillende wetten geregeld wordt. De problemen zijn al jaren bekend, schrijft de WARP in een rapport. De raad wil dat er een onafhankelijke commissie komt die toezicht houdt op de manier waarop de politie, al dan niet met behulp van AI en algoritmes, gegevens verzamelt en verwerkt.Verder in de Tech Update: De Amerikaanse regering is aan het heronderhandelen over subsidies die zijn toegekend onder de CHIPS and Science Act van de regering-Biden 24 Europese consumentenorganisaties willen dat toezichthouders optreden tegen SHEIN See omnystudio.com/listener for privacy information.
“Even though the world's advanced economies are largely considered post-industrial, chipmaking is an area where domestic manufacturing is now being treated as a high priority for economic and national security reasons.” Jon Martin, Writing for the ‘More than Moore' substack The CHIPS and Science Act, which took effect in August of 2022, is an ambitious Federal program that will inject $52.7 Billion into U.S. semiconductor manufacturing, research and development, and workforce training. As we look back nearly 3 years later, there has been more talk than action, but no one party or entity bears all of the blame. Forming productive partnerships between the public and private sectors is always complicated - even when everyone's interests seem to be aligned, and a change of Administration has also brought changes in how the program will be run. In this episode of the Art of Supply podcast, Kelly Barner reviews the law as an example of joint public-private reshoring: Reviewing the commitments that have been made to date Unpacking the roadblocks to progress that we've seen so far Considering what the Trump administration is doing to facilitate the process of rebuilding semiconductor manufacturing capabilities in the United States Links: Does the CHIPS Act provide the Helpful Incentives the U.S. needs? Kelly Barner on LinkedIn Art of Supply LinkedIn newsletter Art of Supply on AOP Subscribe to This Week in Procurement
一个中国人为什么会在一所美国大学里教退伍军人制造芯片? 2022 年,时任美国总统拜登签署了一项意在加强美国半导体研究和制造能力的《芯片与科学法案》(CHIPS and Science Act),涉及千亿美元的政府资金投入。在这样的大背景下,一些美国的大学院校也开始开设相关的人才培养项目,并针对特定人群免费开放。 今天我们邀请到的这位嘉宾就是其中一个项目里的授课老师,透过她的讲述,我们能够了解到:对内容进行了极致压缩的 12 周「手搓芯片课程」都在教些什么?来上课的美国人,他们的人生境况是怎样的?从培训项目毕业后,这些退伍军人真的就能找到满意的对口工作吗? 欢迎在评论区和我们分享你的看法。 本期人物 徐涛,声动活泼联合创始人 Yaxian,「科技早知道」节目监制 Michelle Wu,佐治亚理工学院物质与系统研究所研究科学家、微电子集成电路实验课程讲师,主要从事微电子芯片工艺研究 主要话题 [03:04] 为什么要教美国的退伍军人做芯片 [06:42] 零基础也能学?芯片课上教什么 [14:26] 芯片课所见的真实美国人生故事 [18:20] 从芯片项目毕业后就一定能找到好工作吗 [20:35] 特朗普政府下,芯片项目的未来可能是怎样的 直播预定 本周五 5 月 23 日中午 12 点,「声东击西」主播徐涛会跟尼可学院的 Nicole 聊一聊—— AI 时代下的阅读——这个话题。感兴趣的小伙伴可以点击这里打开文章,预定直播 (https://mp.weixin.qq.com/s/PpV00NTZG2MU8kwl9iqd5A)~ Untitled https://media24.fireside.fm/file/fireside-uploads-2024/images/8/8dd8a56f-9636-415a-8c00-f9ca6778e511/B6wOMM91.png 延伸阅读 The CHIPS Act Is About More Than Chips: Here's What's in It (https://www.nytimes.com/2023/02/28/business/economy/chips-act-childcare.html) Untitled https://media24.fireside.fm/file/fireside-uploads-2024/images/8/8dd8a56f-9636-415a-8c00-f9ca6778e511/xmY1m6d7.JPEG Untitled https://media24.fireside.fm/file/fireside-uploads-2024/images/8/8dd8a56f-9636-415a-8c00-f9ca6778e511/iAkhF9vI.jpeg Untitled https://media24.fireside.fm/file/fireside-uploads-2024/images/8/8dd8a56f-9636-415a-8c00-f9ca6778e511/6VQQ5rxG.jpeg *Michelle 提供的项目照片 给声东击西投稿 「声东击西」听众投稿长期开放中,我们想要聆听你对这个世界的观察与思考,形式、内容不限。 如果你只是想要和节目组打个招呼,分享一些你对节目的想法或者你最近的生活,也欢迎你来投稿~ 你的声音也可能出现在未来的节目当中,我们非常期待你的分享! 投稿入口 (https://eg76rdcl6g.feishu.cn/share/base/form/shrcne1CGVaSeJwtBriW6yNT2dg) Untitled https://media24.fireside.fm/file/fireside-uploads-2024/images/8/8dd8a56f-9636-415a-8c00-f9ca6778e511/Ci7z6fz9.png 声动活泼年度新节目上线! 这次,我们倾全团队之力为 AI 时代的青少年做了一件微小但重要的事。 每期 10 分钟,从一个青少年感兴趣的现象谈起,涉及商业科技、社会人文等话题,解读表象背后的深层逻辑,启发青少年提出自己的好奇。每周一、三、五早晨 6 点在各大音频平台准时更新。
How can we reshape the American economy? Zachary and Emma speak with Chris Hughes, Facebook co-founder, Chair of the Economic Security Project, and author of “Marketcrafters: The 100-Year Struggle to Shape the American Economy.” Chris discusses the differences between marketcraft and Trump's tariffs, how marketcraft has succeeded with antitrust and anti-monopoly laws, and historical examples involving marketcraft, including the Strategic Petroleum Reserve and the CHIPS and Science Act. What Could Go Right? is produced by The Progress Network and The Podglomerate. For transcripts, to join the newsletter, and for more information, visit: theprogressnetwork.org Watch the podcast on YouTube: https://www.youtube.com/theprogressnetwork And follow us on X, Instagram, Facebook, TikTok: @progressntwrk Learn more about your ad choices. Visit megaphone.fm/adchoices
British Politics, the CHIPS and Science Act, and Rethinking the Green Revolution ft. Glenn Stone
China is determined to reincorporate Taiwan—raising the stakes for countries and for businesses. By 2027, China could be militarily capable of taking over Taiwan, backed by the world's largest navy and a growing air force. What's next for China-Taiwan relations, and how does their relationship affect Western businesses? Join Steve Odland and guest Dr. Lori Esposito Murray, senior fellow for national security and managing director of CEO programs at the Council on Foreign Relations, to find out how Taiwan got here, why China could seek to blockade or quarantine Taiwan, and what options are available to the US to deter or counter such threats. (01:01) China's Military Buildup (03:41) Historical Context of China-Taiwan Relations (04:43) Post-WWII and Civil War Dynamics (07:38) US-China-Taiwan Relations and Policies (09:54) Europe's Stance on Taiwan (12:00) China's Intentions and Taiwan's Response (15:05) Potential Conflict Scenarios (24:02) Business Implications and Conclusion For more from The Conference Board: The US-China Trade War Escalates China, Taiwan, Japan, and the New Administration The Future of the CHIPS and Science Act
On this edition of Parallax Views, the Left Business Observer's Doug Henwood, host of the influential radio program Behind the News, returns to the program to discuss Trump's tariffs, Bidenomics vs. Trumponomics, the legacy of the anti-WTO/anti-globalization protests of the late 1990s, and much more! Literally a half hour before Doug and I began recording Trump announced a 90-day pause on some of his tariffs. We'll be discussing what Doug sees as Trump's nostalgia about a romanticized 1950s America and how he believes that is driving Trump's policies in many ways. Doug talks about what he sees as the nonsensical nature of Trump's tariffs and how stocks shot up immediately after Trump announced the 90-day pause. Although sometimes there's more noise than signal when looking at the stock market, in this case the response of the stock market over the past week has reflected very real economic anxieties. He also notes that the bond market has been reacting strangely in the past week in a way that is worrying. Doug notes that we'll likely see prices increase in May and June and discusses the effect these tariffs will have on those at the bottom of the income distribution. All of this will factor into Doug's analysis of why he thinks Trump has announced a 90-day pause on some tariffs. We'll also discuss in-depth the pros and cons of Bidenomics and then look at that in comparison to Trumponomics. We'll discuss industrial policy, ways of bringing back manufacturing to the U.S. in a productive rather than destructive manner, and we'll look at the effect of tariffs on poorer countries like Vietnam or Cambodia. We'll also discuss how there's been a wide backlash against Trump's tariffs from across the political spectrum including libertarians like Thomas Sowell, CNBC's Jim Cramer, and even some protectionists. Doug Henwood sums up the backlash as being driven ultimately by the crudeness of the tariff policy. The conversation will also delve into Trump's romanticism about the 19th century U.S. economy, the legacy of the anti-WTO/anti-globalization protests of the late 90s, the potential of a pro-trade internationalism that isn't neoliberal and is informed by socialist or left-wing concerns, the CHIPS and Science Act of 2022, the Biden team's failure to tout the positive aspects of Bidenomics, Trump's anti-libertarian streak, DOGE, the misanthropy of the Silicon Valley right-wing, comparing and contrasting the Ralph Nader and Donald Trump views on foreign trade, and much, much more!
What are the biggest tax stories shaping policy today—and what do they mean for you? In our 100th episode, we break down the five biggest tax stories, from the global tax deal to the looming expiration of the Tax Cuts and Jobs Act. Kyle Hulehan and Erica York are joined by Daniel Bunn, President and CEO of Tax Foundation, and Garrett Watson, Director of Policy Analysis. We also dive into the Inflation Reduction Act, the CHIPS and Science Act, the rise of flat taxes in states, and the role of tariffs in tax policy. Links: https://taxfoundation.org/podcast/all/understanding-property-taxes/https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/https://taxfoundation.org/blog/global-tax-agreement/https://taxfoundation.org/blog/flat-tax-state-income-tax-reform/https://taxfoundation.org/blog/inflation-reduction-act-ira-credits-repeal-reform/Support the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show
What if the clean energy revolution isn't coming—it's already here, quietly reshaping global power, American manufacturing, and the way we heat our homes? In this episode of The Electorette, host Jen Taylor-Skinner sits down with energy policy expert Kate Gordon to unpack the largest climate investment in U.S. history—and why most Americans barely noticed it. Together, they explore the ambitious trio of laws passed under the Biden administration—the Inflation Reduction Act, the Infrastructure Investment and Jobs Act, and the CHIPS and Science Act—which together form a bold, strategic roadmap for decarbonization, domestic manufacturing, and energy independence. Kate walks us through the rarely-discussed connections between AI, electrification, and rising energy demand, the geopolitical aftershocks of Russia's war in Ukraine, and why our energy future hinges on the power grid, community investment, and supply chain resilience. We also confront the dangers ahead: environmental protections being rolled back, mass layoffs at the Department of Energy, and a growing political movement determined to unravel decades of climate progress. This is a conversation about what's working, what's under threat, and why the clean energy transition isn't just about science—it's about power, politics, and the future of democracy itself. Kate Gordon is an energy policy expert, and the CEO of California Forward, a statewide organization dedicated to a more sustainable, resilient, and inclusive economy across every region of the state. Episode Chapters/Timestamps (00:00) Investments in Climate Change Mitigation The Biden administration's IRA includes transformative bills for clean energy, grid resilience, EV infrastructure, and semiconductor technology. (07:17) Energy Dominance Fracking's impact on U.S. energy dominance, European demand for American gas, and balancing fossil fuels and renewables for future energy needs. (12:47) Climate Investment Rollbacks and Tax Cuts Rollback of environmental protections, tension in clean energy projects, contradictions in domestic manufacturing policies, and lack of coherence in climate action. (24:20) Strategic Manufacturing and Resource Economics Domestic manufacturing's complexities, strategic necessity of producing goods, geopolitical implications of resource economics, and challenges faced by Department of Energy. (29:24) Impact of Federal Job Cuts Recent staffing changes at DOE have led to loss of skilled professionals and highlight inefficiencies in federal hiring processes. (33:47) Energy Security and Strategic Relationships The Department of Energy's role in managing nuclear infrastructure, risks of operational missteps, cybersecurity for the power grid, energy independence, and challenges in communicating these concerns to the public. Learn more about your ad choices. Visit megaphone.fm/adchoices
For market purists, any mention of the term industrial policy used to evoke visions of heavy-handed Soviet-style central planning, or the stifling state-centric protectionism employed by Latin American countries in the late 20th century. But that conversation turned dramatically over the last several years, as President Joe Biden's signature legislative achievements like the CHIPS and Science Act and the Inflation Reduction Act showcased policies designed to influence and shape industries ranging from tech to pharma to green energy. My guest today, Harvard Kennedy School Professor Ricardo Hausmann, is the founder and director of the Growth Lab, which studies ways to unlock economic growth and collaborates with policymakers to promote inclusive prosperity around the world. Hausmann says he believes markets are useful, but have shown themselves inadequate to create public benefits at a time when public objectives like the clean energy transition and shared prosperity have become increasingly essential to human society. In a wide-ranging conversation, we'll discuss why industrial policy is making a comeback, tools that the Growth Lab has developed to help poorer countries and regions develop and prosper, and the uncertainty being caused by President Trump's pledge to raise tariffs and protectionist barriers.Ricardo Hausmann's policy recommendations:Encourage governments to track industries that are not yet developed but have the potential for growth and monitor technological advancements to identify how new technologies can impact existing industries or create new opportunities.Develop state organizations with a deep understanding of societal trends and industrial potential, similar to Israel's office of the Chief Scientist or the U.S. Presidential Commission on Science and Technology.Encourage governments to develop a pre-approved set of tools—including training, educational programs, research programs, and infrastructure—that can be quickly mobilized for specific economic opportunities.Teach policy design in a way that mirrors medical education (e.g., learning by doing as in a teaching hospital), because successful policy design requires real-world experience, not just theoretical knowledge. Ricardo Hausmann is the founder and director of Harvard's Growth Lab and the Rafik Hariri Professor of the Practice of International Political Economy at Harvard Kennedy School. Under his leadership, the Growth Lab has grown into one of the most well regarded and influential hubs for research on economic growth and development around the world. His scholarly contributions include the development of the Growth Diagnostics and Economic Complexity methodologies, as well as several widely used economic concepts. Since launching the Growth Lab in 2006, Hausmann has served as principal investigator for more than 50 research initiatives in nearly 30 countries, including the US, informing development policy, growth strategies and diversification agendas at the national, regional, and city levels. Before joining Harvard University, he served as the first chief economist of the Inter-American Development Bank (1994-2000), where he created the Research Department. He has served as minister of planning of Venezuela (1992-1993) and as a member of the Board of the Central Bank of Venezuela. He also served as chair of the IMF-World Bank Development Committee. He holds a Ph.D. in economics from Cornell University.Ralph Ranalli of the HKS Office of Communications and Public Affairs is the host, producer, and editor of HKS PolicyCast. A former journalist, public television producer, and entrepreneur, he holds an BA in political science from UCLA and a master's in journalism from Columbia University.Scheduling and logistical support for PolicyCast is provided by Lillian Wainaina. Design and graphics support is provided by Laura King of the OCPA Design Team. Web design and social media promotion support is provided by Catherine Santrock and Natalie Montaner of the OCPA Digital Team. Editorial support is provided by Nora Delaney and Robert O'Neill of the OCPA Editorial Team.
On today's podcast: 1) President Trump promises golden age but warns tariffs could cause disturbance, President Trump defended his tariff plan, saying it would raise "trillions and trillions" in revenue and rebalance trading relationships, despite acknowledging potential economic pain. The president touted his tariff moves as effective in bringing jobs to the US, threatened to impose new tariffs, and announced plans for domestic energy production and an office of shipbuilding at the White House. 2) Trump calls for a repeal of the Chips Act. The president touted his tariff moves as more effective at bringing jobs to the US than Biden’s efforts, which included the Chips and Science Act and its billions in subsidies to spur domestic semiconductor manufacturing. Trump urged lawmakers to eliminate the Chips Act and said he would not give chipmakers any more funds from the law. 3) Job cuts are on the way at Disney. The Walt Disney Company is eliminating roughly 200 jobs across its ABC and entertainment TV networks, according to an internal memo. The majority of the cuts affect the ABC News division in New York. Production units including ABC News Studios, 20/20 and Nightline will be consolidated and the impacted employees will be notified on Wednesday, according to the memo.See omnystudio.com/listener for privacy information.
Emily Twarog, Associate Professor of History and Labor Studies at the University of Illinois School of Labor and Employment Relations, Labor Education Program (LEP), joined America's Work Force Union Podcast to discuss women's leadership in labor unions and her research on sexual harassment in the workplace. Jason Walsh, Executive Director of the BlueGreen Alliance, joined the America's Work Force Union Podcast to discuss ongoing threats to the federal workforce, the future of the Inflation Reduction Act and the potential impact legislative decisions could have on the CHIPS and Science Act.
How does the U.S. stay competitive in manufacturing, EVs, and AI while protecting innovation and growing the workforce?Manufacturing has always been the backbone of Michigan's economy, and few people understand this better than Congresswoman Haley Stevens. Representing Michigan's 11th District, she has spent her career championing industrial policy, workforce development, and technological innovation. From her time on the U.S. Auto Rescue Task Force to her leadership on the House Science, Space, and Technology Committee, Stevens brings a unique perspective on the challenges and opportunities facing American industry.In this episode, we explore how Michigan—and the U.S. as a whole—can maintain its competitive edge in manufacturing, navigate the future of the EV market, and ensure the workforce is prepared for the next generation of industrial technology. If you care about the future of manufacturing, this conversation is one you won't want to miss.Listen to learn:Why Michigan's EV industry is facing a critical turning point and what policies will determine its long-term successHow the CHIPS and Science Act is reshaping U.S. manufacturing—and the next frontier in supply chain securityWhy industrial AI and automation adoption are accelerating—and what's missing from America's strategyThe hidden workforce gap in manufacturing education that could stall industry growthWhat a little-known manufacturing success story in Michigan reveals about the future of U.S. innovation3 Big Takeaways from this Episode:America's EV strategy is at a crossroads. Policy decisions made now will determine whether the U.S. leads in electric vehicle manufacturing or falls behind. Workforce training and battery production will be key to staying competitive.CHIPS and Science was just the start. While the act boosted domestic semiconductor production, gaps remain in minerals, advanced materials, and supply chain resilience. A national strategy is needed to secure the future of U.S. manufacturing.Industrial AI is evolving faster than policy. Manufacturers are adopting AI-driven automation, but without a clear national framework, workforce development and industry competitiveness risk falling behind global leadersResources in this Episode:Visit Congresswoman Haley Steven's Page: stevens.house.govConnect with the Congresswoman Online:X / TwitterWe want to hear from you! Send us a text message.Instagram - Facebook - YouTube - TikTok - Twitter - LinkedIn
“Deploy, deploy, deploy. More than half a trillion dollars has been invested in the United States since the passage of the Inflation Reduction Act and the bi-partisan Infrastructure Bill. These laws have made investing in America irresistible. They have made the energy transition inevitable - and inexorable.” Speech by Jennifer Granholm Federal-level developments have delivered a series of blows, leaving many of us questioning the future of clean energy, sustainability and climate action. If you're feeling that uncertainty, this week's episode is for you. Listen to this powerful speech by Jennifer Granholm, 16th U.S. Secretary of Energy (2021-2025), who used her final public address in office to herald the clean energy revolution underway in the U.S. Her words will leave you feeling optimistic and inspired by the opportunities this transition is creating, as it also makes communities more resilient to the ravages of climate change that we have all been witnessing. Granholm lays out three powerful reasons to believe that the clean energy transition is built to last. She delivers a powerful reminder about how the Inflation Reduction Act, the Infrastructure Bill, and the CHIPS and Science Act have sparked investments across America, driving record-breaking economic growth (including mostly in Republican-dominated states) with an energy revolution that she says is here to stay.You'll hear about: Powerful statistics from the Department of Energy, such as how 98% of the programs have received at least one round of funding under the existing regulations. The 900 new clean energy manufacturing facilities and expansions across the country, many in communities that previously suffered from job losses. Advancements made in battery supply chains, nuclear power, and other clean energy technologies. How the baton is now handed to us, to advocate for these laws and ensure their continued support through our representatives in Congress. Plus, career advice from Rachel McCleery, former Senior Advisor, U.S. Treasury Dept., Office of the Inflation Reduction Act, featured in Joan Michelson's Forbes piece on How Women Can Look At Their Careers Differently In 2025, Especially In Climate, Energy. “You have to have a little bit of fearlessness at this stage of your career. You have the ambition, you have the drive, you know how to do it, you have the confidence. But confidence and fearlessness, to me, they are two very different things. And in order to take that step, you have to be able to take some risks and you have to assume space that you haven't before.” Rachel McCleery on Electric Ladies Podcast Read Joan's Forbes articles here. You'll also like: Gina McCarthy, Fmr. White House National Climate Advisor & Climate Policy Head, on how climate policy boosts the economy Heather Boushey, White House Council of Economic Advisors, on how federal funding is expediting the energy transition while helping to avert the worsening effects of climate change Tara Giunta, Global Co-Chair of ESG & Sustainable Finance Practice at Paul Hastings Law Firm, on climate risk disclosure rules of the Securities and Exchange Commission Lisa Jacobson & Tara Narayanan, Bloomberg New Energy Finance, on why the energy transition is in full swing despite headwinds Halla Hrund Logadottir, Director-General, Iceland's National Energy Authority, on how the country has become 85% renewable energy. Want to hear more from us? Subscribe to our newsletter to receive our podcasts, blog, events and special coaching offers.
The reemerging American semiconductor industry is a little nervous about what President Trump will do regarding the CHIPS and Science Act, but CNBC reports Trump is unlikely to roll it back. In this Tough Things First podcast, Ray Zinn says only a robust American chip sector can thwart Chinese power grab through chip dominance. Rob Artigo:…you ran Micrel as […]
What if the biggest infrastructure overhaul in the U.S. since the interstate highway system is happening right now? Join us on the Common Bridge as we sit down with Professor Rick Geddes from Cornell University, a leading expert with an eye-opening perspective on the future of infrastructure policy. Professor Geddes enlightens us on the sweeping changes brought by the Infrastructure Investment and Jobs Act, the Chips and Science Act, and the Inflation Reduction Act. These legislative initiatives represent a historic investment in the nation's infrastructure, reshaping sectors from transportation to energy, while also highlighting the necessity for strategic and long-term project planning.The infrastructure landscape is witnessing a quiet technological revolution, and we explore the latest innovations shaping this transformation. From elastic concrete additives to drones revolutionizing inspections, the adoption of these cutting-edge technologies faces hurdles, particularly among smaller public entities. We dive into the concept of future-proofing procurement contracts, a strategic approach to ensure the integration of innovations and transferring risks to private partners. As these advancements unfold, we explore the promise they hold for boosting efficiency and sustainability in infrastructure management.Our conversation also ventures into the critical aspects of infrastructure maintenance and the role of public-private partnerships in driving progress. Professor Geddes shares insights into the challenges and opportunities in renewable energy infrastructure, emphasizing the need for comprehensive lifecycle planning. We highlight the significant role of diverse career paths within the sector, encouraging a new generation of professionals to contribute meaningfully. With a mix of optimism and realism, we discuss ensuring basic services for all communities and the moral imperative of universal service, envisioning a future where infrastructure becomes a catalyst for economic growth and public well-being.Support the showEngage the conversation on Substack at The Common Bridge!
“Today we are talking about accelerating the clean energy transition, including government policy, lowering costs, and decarbonization...The new 2024 Energy Fact book (by BCSE & BNEF)… found that the energy transition is in full swing with ‘record breaking' public and private sector investments in clean power and renewable energies showing cost competitiveness even without government subsidies…But the two key pieces we're going to talk about today are… the grid and storage.” Joan Michelson on Electric Ladies Podcast Between market forces, government incentives and funding, and public-private partnerships, the transition to a net zero economy is in full swing and resilient, despite “headwinds” like covid, high interest rates, supply chain issues and political pressures, studies show. Where are we now? Listen to this webinar produced by ICWS and emceed/moderated by Electric Ladies host Joan Michelson, with top experts from Schneider Electric, Smart Electric Power Alliance, EcoEngineers and Long Duration Energy Storage Assn.. You'll hear about: Where we are in the energy transition and why clean energy is cost competitive now How we need to upgrade and reinvent the grid, the hub of the system The importance of energy storage, including long-duration energy storage and hydrogen What impact the Inflation Reduction Act, Infrastructure Investment Act and the CHIPS and Science Act have had – and will have going forward (or not). Plus, here's some insightful career advice, such as… “Think about your career as a business…Try to always have a mindset of kind of what I want first…What organizations do I want to work with? Where, what kind of responsibilities do I want to have? And maybe I do it through a traditional employer employee relationship, or maybe I just branch out on my own and just do it right? And I feel like women should feel empowered to do that and to be that kind of proactive thinking. And don't be afraid.” Lisa Jacobson on Electric Ladies Podcast Read Joan's Forbes article about this new report here and more of her articles here too. You'll also like: Lisa Jacobson (BCSE) & Tara Narayanan (BNEF), on their 2024 Energy Factbook, by the Business Council for Sustainable Energy and Bloomberg New Energy Finance Melissa Lott, Ph.D., Director of Research at the Center for Global Energy Policy at Columbia University, and the lead scientists in the PBS/NOVA documentary “Chasing Carbon Zero.” Vanessa Chan, Ph.D., Chief Commercialization Officer of the Department of Energy and Director of the Office of Technology Transitions, on the Inflation Reduction Act and the transition to clean energy. Inna Braverman, Founder/CEO of Eco Wave Power, on how wave power works and her powerful personal story that reflects today's geopolitical dynamics. Subscribe to our newsletter to receive our podcasts, blog, events and special coaching offers.. Thanks for subscribing on Apple Podcasts or iHeartRadio and leaving us a review! Follow us on Twitter @joanmichelson
What does a community college in Idaho have to do with mounting economic tensions between the U.S. and China? A lot, actually. On this episode of Future U., Michael and Jeff dive into what the CHIPS and Science Act—the federal spending package designed to reduce the United States' reliance on foreign manufacturers for microchips and other advanced technologies—means for a segment of American postsecondary institutions that's often forgotten in these conversations: community colleges. They talk with nonprofit and government leaders about how the CHIPS supports the education and training of a high tech workforce. They then go deep with the team at the College of Western Idaho to get a view of how they are developing these programs in collaboration with their corporate partner, Micron. This episode is sponsored by Ascendium Education Group. Connect with Michael Horn:Sign Up for the The Future of Education NewsletterWebsiteLinkedInX (Twitter)ThreadsConnect with Jeff Selingo:Sign Up for the Next NewsletterWebsiteX (Twitter)ThreadsLinkedInConnect with Future U:TwitterYouTubeThreadsInstagramFacebookLinkedInSubmit a question and if we answer it on air we'll send you Future U. swag!Sign up for Future U. emails to get special updates and behind-the-scenes content.
The Capitalism and Freedom in the Twenty-First Century Podcast
Jon Hartley and Brad Gerstner discuss Brad's career, free markets, investing in technology, industrial policy, the CHIPS and Science Act, and baby equity investment accounts. Recorded on November 1, 2024. ABOUT THE SPEAKERS: Brad Gerstneris the founder and CEO of Altimeter Capital, a tech investment firm based in Silicon Valley, that manages both public and VC investment portfolios. Started in 2008, Altimeter manages over $15bn of investments across its public equity fund and venture capital funds. Brad is also the founder of Invest America, a non-profit that is spearheading research into the creation of private investment accounts for the 3.7 million children born each year in America, unlocking economic mobility for the next generation. Born in Indiana, he studied at Wabash College, Oxford University, Indiana University School of Law and Harvard Business School. He practiced securities law and served a term as Indiana deputy secretary of state before returning to HBS. Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper. ABOUT THE SERIES: Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information, visit: capitalismandfreedom.substack.com/
OpenAI’s chatbot ChatGPT turns two years old tomorrow. So how has it changed the tech industry and what’s next for the company? We’ll get into it in today’s “Marketplace Tech Bytes: Week in Review.” Plus, we look into rumblings that improvements in AI have slowed, raising questions about whether we’ve hit a wall when it comes to training more advanced AI systems. But first, the Commerce Department finalized nearly $7.9 billion in subsidies for Intel. It’s the largest award yet under the CHIPS and Science Act and a potentially game-changing sum for the company right now. Marketplace’s Meghan McCarty Carino is joined by Natasha Mascarenhas, reporter at The Information, to break down these stories.
OpenAI’s chatbot ChatGPT turns two years old tomorrow. So how has it changed the tech industry and what’s next for the company? We’ll get into it in today’s “Marketplace Tech Bytes: Week in Review.” Plus, we look into rumblings that improvements in AI have slowed, raising questions about whether we’ve hit a wall when it comes to training more advanced AI systems. But first, the Commerce Department finalized nearly $7.9 billion in subsidies for Intel. It’s the largest award yet under the CHIPS and Science Act and a potentially game-changing sum for the company right now. Marketplace’s Meghan McCarty Carino is joined by Natasha Mascarenhas, reporter at The Information, to break down these stories.
OpenAI’s chatbot ChatGPT turns two years old tomorrow. So how has it changed the tech industry and what’s next for the company? We’ll get into it in today’s “Marketplace Tech Bytes: Week in Review.” Plus, we look into rumblings that improvements in AI have slowed, raising questions about whether we’ve hit a wall when it comes to training more advanced AI systems. But first, the Commerce Department finalized nearly $7.9 billion in subsidies for Intel. It’s the largest award yet under the CHIPS and Science Act and a potentially game-changing sum for the company right now. Marketplace’s Meghan McCarty Carino is joined by Natasha Mascarenhas, reporter at The Information, to break down these stories.
In the final episode of the Work in Progress podcast series The Manufacturing Comeback, we look at how employers are recruiting and training veterans and women to fill jobs in the manufacturing industry. Employers Anticipate a Surge in Hiring in Manufacturing On my recent trip to Minneapolis for The Manufacturing Institute's Workforce Summit 2025, employers told me that there are a lot of new plants being built around the country, bringing jobs back to the states. The work is more high-tech than in decades past, and employers are now competing with other industries that are also demanding skilled talent. By one estimate from MI and Deloitte, manufacturing will need 3.8 million workers over the next eight years. To meet that demand, they are actively recruiting military veterans and women, the latter being an underrepresented group in manufacturing. Heroes MAKE America, Women MAKE America In the podcast, you'll learn about two Manufacturing Institute initiatives – Heroes MAKE America and Women MAKE America. You'll hear how Heroes MAKE America is working with the U.S. Department of Defense to prepare transitioning service members and their spouses for jobs in manufacturing. Once trained, the program is also making connections to employers who are hiring. The Women MAKE America initiative is working to add more women to the industry. Right now, just about 30% of all manufacturing employees are women. You'll hear how they are trying to significantly grow that number. The Manufacturing Comeback The recent uptick in manufacturing construction and hiring is fueled by the infusion of federal funding through the Infrastructure Investment and Jobs Act enacted in 2021, the CHIPS and Science Act enacted in 2022, and private funding. To better understand how the manufacturing comeback is reshaping the workforce, I speak with Gardner Carrick, chief program officer for The Manufacturing Institute, which is helping employers figure out how to build a strong talent pipeline. . This three-part podcast series is a robust conversation about an industry that is once again looking for workers. You can listen to the entire conversation here, or wherever you get your podcasts. You can also find our podcasts on the Work in Progress YouTube channel. This series is made possible through support from The Manufacturing Institute. As a nonprofit journalism organization, WorkingNation partners and collaborates with outside organizations to make possible our mission of telling stories about solutions to today's workforce issues. All editorial decisions on this series were made independently of our supporter. Episode 341: The Manufacturing Comeback: Recruiting, Training, and Retaining Women and VeteransHost & Executive Producer: Ramona Schindelheim, Editor-in-Chief, WorkingNationProducer: Larry BuhlTheme Music: Composed by Lee Rosevere and licensed under CC by 4Transcript: Download the transcript for this episode hereWork in Progress Podcast: Catch up on previous episodes here
In the final episode of the Work in Progress podcast series The Manufacturing Comeback, we look at how employers are recruiting and training veterans and women to fill jobs in the manufacturing industry. Employers Anticipate a Surge in Hiring in Manufacturing On my recent trip to Minneapolis for The Manufacturing Institute's Workforce Summit 2025, employers told me that there are a lot of new plants being built around the country, bringing jobs back to the states. The work is more high-tech than in decades past, and employers are now competing with other industries that are also demanding skilled talent. By one estimate from MI and Deloitte, manufacturing will need 3.8 million workers over the next eight years. To meet that demand, they are actively recruiting military veterans and women, the latter being an underrepresented group in manufacturing. Heroes MAKE America, Women MAKE America In the podcast, you'll learn about two Manufacturing Institute initiatives – Heroes MAKE America and Women MAKE America. You'll hear how Heroes MAKE America is working with the U.S. Department of Defense to prepare transitioning service members and their spouses for jobs in manufacturing. Once trained, the program is also making connections to employers who are hiring. The Women MAKE America initiative is working to add more women to the industry. Right now, just about 30% of all manufacturing employees are women. You'll hear how they are trying to significantly grow that number. The Manufacturing Comeback The recent uptick in manufacturing construction and hiring is fueled by the infusion of federal funding through the Infrastructure Investment and Jobs Act enacted in 2021, the CHIPS and Science Act enacted in 2022, and private funding. To better understand how the manufacturing comeback is reshaping the workforce, I speak with Gardner Carrick, chief program officer for The Manufacturing Institute, which is helping employers figure out how to build a strong talent pipeline. . This three-part podcast series is a robust conversation about an industry that is once again looking for workers. You can listen to the entire conversation here, or wherever you get your podcasts. You can also find our podcasts on the Work in Progress YouTube channel. This series is made possible through support from The Manufacturing Institute. As a nonprofit journalism organization, WorkingNation partners and collaborates with outside organizations to make possible our mission of telling stories about solutions to today's workforce issues. All editorial decisions on this series were made independently of our supporter. Episode 341: The Manufacturing Comeback: Recruiting, Training, and Retaining Women and VeteransHost & Executive Producer: Ramona Schindelheim, Editor-in-Chief, WorkingNationProducer: Larry BuhlTheme Music: Composed by Lee Rosevere and licensed under CC by 4Transcript: Download the transcript for this episode hereWork in Progress Podcast: Catch up on previous episodes here
The US government has acted as major contributor to science research since the mid-20th century, both in terms of broad basic research and targeted projects. As industrial policy has gained traction, especially during the Biden Administration, the distinction between industrial and science policy has become increasingly obscure. Hybrid policies like the CHIPS and Science Act have spurred continued debate surrounding role and value of federal funding for science research. Today on Political Economy, I talk to Tony Mills about American science policy past, present, and future.Mills is a senior fellow here at AEI and director of the Center for Technology, Science, and Energy. He is also a senior fellow at the Pepperdine School of Public Policy and a scholar associate of the Society of Catholic Scientists. His new paper, “Recovering Science Policy,” explores the blurred lines between US industrial and science policy in today's political landscape.
This is Episode Two of The Manufacturing Comeback, a three-part Work in Progress podcast series. The series takes you inside the surge in hiring in the manufacturing industry. In this episode, we look at how small manufacturers are recruiting and training workers. Small Companies are Looking for Talent On my recent trip to Minneapolis for The Manufacturing Institute's Workforce Summit 2025, I sat down with leaders from several small companies, including Ketchie Precision Machining Solutions and Acutec Precision Aerospace, to learn how they are meeting their growing demand for talent. They tell me that they need a highly-skilled workforce with technical, problem-solving, and soft skills to operate advance equipment. They also point out that they are struggling to compete with larger companies to attract that talent. In the podcast, you'll learn about paid internships, apprenticeships, and other recruiting and training initiatives. You'll also hear from local colleges and how they are helping meet the hiring surge. The Manufacturing Comeback The recent uptick in manufacturing construction and hiring is fueled by the infusion of federal funding through the Infrastructure Investment and Jobs Act enacted in 2021, the CHIPS and Science Act enacted in 2022, and private funding. To better understand how the manufacturing comeback is reshaping the workforce, I speak with Gardner Carrick, chief program officer for The Manufacturing Institute, which is helping employers figure out how to build a strong talent pipeline. . This three-part podcast series is a robust conversation about an industry that is once again looking for workers. Next week, in Episode Three, we conclude the series with a conversation around how large and small employers are tapping into underrepresented talent to fill jobs. You can listen to the entire conversation here, or wherever you get your podcasts. You can also find our podcasts on the Work in Progress YouTube channel. This series is made possible through support from The Manufacturing Institute. As a nonprofit journalism organization, WorkingNation partners and collaborates with outside organizations to make possible our mission of telling stories about solutions to today's workforce issues. All editorial decisions on this series were made independently of our supporter. Episode 340: The Manufacturing Comeback: Small Employers are Hiring in Your TownHost & Executive Producer: Ramona Schindelheim, Editor-in-Chief, WorkingNationProducer: Larry BuhlTheme Music: Composed by Lee Rosevere and licensed under CC by 4Transcript: Download the transcript for this episode hereWork in Progress Podcast: Catch up on previous episodes here
This is Episode Two of The Manufacturing Comeback, a three-part Work in Progress podcast series. The series takes you inside the surge in hiring in the manufacturing industry. In this episode, we look at how small manufacturers are recruiting and training workers. Small Companies are Looking for Talent On my recent trip to Minneapolis for The Manufacturing Institute's Workforce Summit 2025, I sat down with leaders from several small companies, including Ketchie Precision Machining Solutions and Acutec Precision Aerospace, to learn how they are meeting their growing demand for talent. They tell me that they need a highly-skilled workforce with technical, problem-solving, and soft skills to operate advance equipment. They also point out that they are struggling to compete with larger companies to attract that talent. In the podcast, you'll learn about paid internships, apprenticeships, and other recruiting and training initiatives. You'll also hear from local colleges and how they are helping meet the hiring surge. The Manufacturing Comeback The recent uptick in manufacturing construction and hiring is fueled by the infusion of federal funding through the Infrastructure Investment and Jobs Act enacted in 2021, the CHIPS and Science Act enacted in 2022, and private funding. To better understand how the manufacturing comeback is reshaping the workforce, I speak with Gardner Carrick, chief program officer for The Manufacturing Institute, which is helping employers figure out how to build a strong talent pipeline. . This three-part podcast series is a robust conversation about an industry that is once again looking for workers. Next week, in Episode Three, we conclude the series with a conversation around how large and small employers are tapping into underrepresented talent to fill jobs. You can listen to the entire conversation here, or wherever you get your podcasts. You can also find our podcasts on the Work in Progress YouTube channel. This series is made possible through support from The Manufacturing Institute. As a nonprofit journalism organization, WorkingNation partners and collaborates with outside organizations to make possible our mission of telling stories about solutions to today's workforce issues. All editorial decisions on this series were made independently of our supporter. Episode 340: The Manufacturing Comeback: Small Employers are Hiring in Your TownHost & Executive Producer: Ramona Schindelheim, Editor-in-Chief, WorkingNationProducer: Larry BuhlTheme Music: Composed by Lee Rosevere and licensed under CC by 4Transcript: Download the transcript for this episode hereWork in Progress Podcast: Catch up on previous episodes here
In Episode 388 of Hidden Forces, Demetri Kofinas speaks with semiconductor expert Chris Miller about the state and future of the semiconductor industry in the context of Trump's 2024 U.S. electoral victory, with all its implications for industrial policy, defense spending, tariffs, export controls, trade wars, and much more. This conversation is a deep-dive into the semiconductor supply chain. Kofinas and Miller discuss how money is currently being allocated under the CHIPS and Science Act, the progress being made in domestic U.S. semiconductor fabrication, the challenges facing TSMC's Arizona facility, and the troubles at Intel. They also take a hard look at the outcomes resulting from the U.S. semiconductor export and end-use controls implemented against China, how effective or ineffective they've been, and ways to improve them. They also assess China's own efforts at building out its domestic chip ecosystem and some of the loopholes that Chinese companies are systematically exploiting in order to become fully independent of and eventually overtake Western chipmakers and equipment manufacturers. They discuss the three largest limiting factors to scaling AI data centers, the national security threat posed by Chinese companies leapfrogging their U.S. competitors in the race toward AGI, and much more. You can subscribe to our premium content and access our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces Genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page at HiddenForces.io/subscribe. If you enjoyed listening to today's episode of Hidden Forces, you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 11/06/2024
Where is Washington's China policy headed with a new president soon to take office? We compare former President Donald Trump's and Vice President Kamala Harris's key China policies. The CHIPS and Science Act is a major bill designed to counter China, but has some controversies. Would Republicans repeal it if Trump wins the election? Harris also weighs in. China continues to send dozens of military aircraft near Taiwan each day. The jets did not carry nuclear weapons, but they're capable of it. Both presidential campaigns were hacked by China right before the election. U.S. government agencies have launched a full-scale investigation. Major U.S. telecom systems, including Verizon and AT&T, were among the targets. ⭕️ Watch in-depth videos based on Truth & Tradition at Epoch TV
On today's episode of The Executive Appeal Podcast join Alex D. Tremble (CEO of GPS Leadership Solutions & KeynoteSpeaker) and Peter Bonner (President and Founder of Bonner Enterprises) as they discuss essential strategies for building strong work relationships in virtual spaces, integrating new team members, and fostering a collaborative culture. Learn how to enhance communication skills and bring teams together remotely!Guest BIO:Peter Bonner is a public, non-profit, and private sector innovator, working at the crossroads between these sectors in the areas of human capital, workforce development, leadership effectiveness, and operational excellence. He recently led the federal agencies tasked with hiring the technical, management, and staff talent to implement the Bipartisan Infrastructure Law, the Inflation Reduction Act and the CHIPS and Science Act. from his role as the Associate Director, HR Solutions at Office of Personnel Management. This resulted in hiring, in less than two years, more than 6,000 engineers, program managers, contracting and grants management specialists, to help build the roads, bridges, cell towers, water treatment facilities, and semiconductor plants that will improve the quality of life for Americans for generations to come. As OPM's HR Solutions team executive, Peter led customer experience and innovation for USAJOBS, USA Staffing, USA Performance, USA Hire and other shared services that help federal agencies recruit, hire, train, and manage the performance of the federal workforce. Peter's particular expertise is in interagency and inter-sector initiatives that meld the sometimes disparate missions and outcomes of federal agencies, NGOs, and the private sector. He has demonstrated this through work on OPM's interagency hiring surge innovations, federal Energy Star programs, Veterans employment initiatives, evidence-based decision making, the OMB/USDS DITAP Program, and OPM shared services. Peter has led consulting organization functions in senior executive roles at ICF and ASI Government that focus on strategic planning, leadership development, learning, and organizational development. Peter supports federal agencies s they chart new courses and direction in times of great volatility and change. His familiarity with federal consulting, contracting, HR, and workforce management helps agencies efficiently and effectively create and align objectives and goals in response to diverse stakeholder needs and requirements. Mr. Bonner's experience demonstrates his ability to get results and make agencies even more effective.Peter can be reached at peter@bonnerenterprises.com
New federal legislation (i.e., Bipartisan Infrastructure Law, Inflation Reduction Act, CHIPS and Science Act) is currently and will continue to deliver over a trillion dollars in new investments in states and localities. These historic investments have the potential to reshape local and regional economies, while creating good jobs, accelerating the transition to a green economy, strengthening and building supply chains, and rebuilding aging infrastructure. To untap the full potential of these investments, localities will need strong partnerships between communities, labor unions, worker organizations, employers, the workforce system, philanthropy and government. Please join us for this session to learn, share and explore more about the opportunities of building effective and durable coalitions and partnerships with lessons from Cleveland and across the nation.rnrnPronita Gupta is a Senior Fellow at Workshop focused on labor and worker rights issues. Most recently, she served in the Biden White House as Special Assistant to the President for Labor and Workers on the Domestic Policy Council, developing and implementing policies on worker rights, job quality, equity, workforce development, supply chain issues, and the care economy. Prior to joining the Biden-Harris Administration, Ms. Gupta served as the Director of Job Quality at the Center for Law and Social Policy (CLASP), promoting policy solutions to create more responsive workplaces, improve job quality for workers, strengthen worker protections, and increase economic security for low-income working families.rnrnIn the Obama Administration, Ms. Gupta was appointed Deputy Director of the Women's Bureau in the U.S. Department of Labor. In that role, she worked to advance and improve standards, practices, and opportunities for women in the labor force.
Russell Kenneth DeGraff spent 18 years as a staffer on Capitol Hill, including 12 years as the Chief Climate and Technology Advisor to Nancy Pelosi, notably during her second term as Speaker of the House. He was, as they say in the room where it happened when negotiating the landmark climate legislation of the last few years, including the Inflation Reduction Act, the Infrastructure Investment and Jobs Act, and the CHIPS and Science Act. This is a special conversation going deep into the backstory of how things work in Washington and how these once-in-a-generation climate policies came to be realized. In this episode, we cover: Russell's background and path to Capitol HillHis roles in congressional offices, including work with Congressman Mike Doyle and Speaker Nancy PelosiThe challenges of passing legislation in a closely divided SenateNegotiating and passing major climate policies like the Inflation Reduction Act, and the role of the House Select Committee on the Climate CrisisA case study on negotiating solar canalsDynamics of working with key senators, such as Joe ManchinRussell's current work with Stanford and HarvardReflections on January 6, the political climate, and the 2024 presidential electionAdvice for getting involved in electoral efforts to support climate actionRisks of losing recently passed climate policies if Democrats lose control of CongressWhy climate change is inherently a political issueEpisode recorded on Aug 6, 2024 (Published on Oct 7, 2024) Get connected with MCJ: Cody Simms X / LinkedInMCJ Podcast / Collective / YouTube*If you liked this episode, please consider giving us a review! You can also reach us via email at info@mcj.vc, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.
Best week in a long time - markets popping! Cats and Dogs - all anyone can talk about these days - DogCat Bounce anyone? More back to work directives .... Apple disappointing again. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATIONS ? Warm Up - Best week in a long time - markets popping! - Cats and Dogs - all anyone can talk about these days - DogCat Bounce anyone? - More back to work directives .... - Apple disappointing again - All of a sudden - Now the Biden-Harris administration Market Update - BIG week of central bank rate decisions - Rotation - still a big item keeping markets in check - Rates LOW - bond traders overconfident? - Oil comes back after miserable 2 weeks - TrumpCoin? Central Banks - The Federal Reserve's highly anticipated two-day meeting, which gets underway Tuesday, is poised to take center stage. - Elsewhere, Brazil's central bank is scheduled to hold its next policy meeting on Wednesday. - The Bank of England, Norway's Norges Bank and South Africa's Reserve Bank will all follow on Thursday. - Bank of Japan will provide its rate decision Friday --- Markets getting a bit more volatile ahead of this Fed rate decision BACK TO WORK! - Amazon is instructing corporate staffers to spend five days a week in the office, CEO Andy Jassy wrote in a memo on Monday. - The decision marks a significant shift from Amazon's earlier return-to-work stance, which required corporate workers to be in the office at least three days a week. Now, the company is giving employees until Jan. 2 to start adhering to the new policy. One Day Later - Oracle provide some really nice earnings and guidance that the market loved... (Discussed last week) - A day later: --- Oracle now sees at least $66 billion in fiscal 2026 revenue, around $1.5 billion more than analysts had expected. ---- Capital spending also will increase. ------The company plans for over $104 billion in revenue in the 2029 fiscal year. - Odd that this was the next day - Stock up 55% - 2nd best of tech companies just behind Nvdia - Larry is now 2d richest person in the world behind Elon Musk Economics - August Retail Sales 0.1% vs -0.2% Briefing.com Consensus; prior revised to 1.1% from 1.0% - August Retail Sales ex-auto 0.1% vs 0.2% Briefing.com Consensus; prior unrevised at 0.4% - August Industrial Production 0.8% vs 0.1% Briefing.com Consensus; prior revised to -0.9% from -0.6% - August Capacity Utilization 78.0% vs 77.9% Briefing.com Consensus; prior revised to 77.4% from 77.8% --- Generally economy is speeding up again and looks like signs that manufacturing may be picking up More Issues - This is a bad apple - The Office of the Comptroller of the Currency (OCC), a top banking regulator in the United States, said on Thursday it has issued an enforcement action against Wells Fargo due to deficiencies in its risk management practices. - There will be no penalties - but company is still in the penalty box due to past issues China Apple - Online retailers in China have slashed the prices of Apple's new iPhone 16 series ahead of its official release, as consumers in the world's largest smartphone market hold out for the release of the US company's first on-device artificial intelligence (AI) software. - They are blaming this on the delay of any significant AI features Intel Gets $$$ - The Biden-Harris Administration announced today that Intel Corporation has been awarded up to $3 bln in direct funding under the CHIPS and Science Act for the Secure Enclave program. The program is designed to expand the trusted manufacturing of leading-edge semiconductors for the U.S. government.
Steve Forbes explains how the CHIPS and Science Act, championed by President Biden and supported by a bipartisan group of lawmakers, has caused major problems for Intel, and demonstrates the folly of government meddling in tech markets.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome to a special clip of Market Mondays, featuring an insightful discussion straight from Washington, DC. Joining us are two distinguished guests: Representative Lauren Underwood of Illinois' 14th district and the Deputy Secretary of the United States Treasury, Wally Adeyemo. *Key Highlights:**1. Access to Capital for Black Entrepreneurs:*Rashad Bilal kicks off the conversation by exploring access to capital through community lenders. Learn about the $9 billion approved under Vice President's leadership to support community development financial institutions and black-owned banks. Discover how this initiative has led to the doubling of black-owned small businesses in America over the past three years.*2. Semiconductor and Science Act:*Troy Millings delves into the significance of semiconductors and America's leadership in this space. The pandemic demonstrated the critical need for domestic production of chips, necessary for everything from cars to iPads. Wally Adeyemo discusses the importance of the Semiconductor and Science Act in ensuring the U.S. maintains a leading role while creating jobs in underserved communities.*3. Addressing Economic Inequities:*Ian Dunlap asks about the Treasury's role in addressing economic inequalities. Adeyemo emphasizes the importance of investing in communities with potential but historically lacked opportunities. Discover how efforts to support black and Latino small businesses contribute to the broader growth of the U.S. economy.*4. Inflation Reduction Act:*Inflation has been a significant challenge for Americans. Wally Adeyemo explains the Inflation Reduction Act, which aims to cut everyday costs, from energy bills to prescription drugs. Learn about tax incentives for energy-efficient upgrades and how the cap on insulin costs is setting a precedent for reducing healthcare expenses nationwide.*5. Affordable Homeownership:*Homeownership is a critical path to wealth creation, particularly in black and Latino communities. Adeyemo outlines incentives for down payment assistance, zoning law changes, and support for first-time homebuyers to make homeownership more accessible.*6. Personal Journeys:*Discover the inspiring journeys of our guests. Wally Adeyemo, the first black American in his role, shares how his parents' commitment to public service influenced his career path. Representative Lauren Underwood, the youngest black woman elected to Congress, reveals how tackling healthcare inequities led her to Congress and her ongoing efforts to make America work for everyone.*7. The Role of the U.S. Treasury:*Understand the multifaceted role of the Treasury Department beyond printing money. Adeyemo explains how they work to grow the U.S. economy, support small businesses, and enhance IRS services, making tax filing easier and more cost-effective for Americans.*8. Bridging Gaps for Millennials and African Americans:*Rep. Underwood highlights the importance of access to information and resources, ensuring programs reach those who need them most. She emphasizes the need for millennials and African Americans to recognize and utilize the opportunities available, encouraging active participation in shaping a fairer, more inclusive economy.This episode is packed with valuable insights on financial inequities and the steps being taken to address them. Whether you're an entrepreneur, a policymaker, or simply interested in economic justice, there's something here for everyone.*#MarketMondays #FinancialInclusion #Entrepreneurship #EconomicEquity #USATreasury #LaurenUnderwood #WallyAdeyemo #SmallBusiness #InflationReduction #Homeownership #BlackWealth #SemiconductorIndustry #PublicService #MillennialFinance #CommunityDevelopment*Our Sponsors:* Check out Monarch Money: www.monarchmoney.comSupport this podcast at — https://redcircle.com/marketmondays/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
A 7.2 magnitude earthquake just rocked Taiwan, shaking up the chip manufacturing market, we analyzed Biden's CHIPS and Science Act and will show you why it's a DEI disaster, why Latinos like Shakira love Trump, Gay William joins us for Mug Club, and more!GUESTS: Gay William & Josh FirestineSOURCES: https://www.louderwithcrowder.com/sources-april-3-2024