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Bringing Manufacturing Back to the U.S. Requires Political Will, but Success Hinges on Training American Workers
The lack of manufacturing competitiveness in the U.S. leaves the U.S. vulnerable to shortages of critical goods during times of geopolitical disruption and global competition. The strategies the U.S. employs in bringing back manufacturing, along with innovative practices, will be key to ensure national security.
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2022 U.S. Billion-Dollar Weather and Climate Disasters in Historical Context
2022 was an intense year of costly disasters and extremes throughout much of the country. 2022 tied 2017 and 2011 for the third highest number of billion-dollar disasters. 2022 was also third highest in total costs (behind 2017 and 2005), with a price tag of at least $165.0 billion. This total annual cost may rise by several billion when we’ve fully accounted for the costs of the December 21-26 Central and Eastern winter storm/cold wave.
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Achieving Foundational Security for Food Systems
U.S. cereal crops such as corn, rice, and wheat feed hundreds of millions of Americans and millions more around the world. Ensuring active defense of these and other staple food grasses is a critical national security priority. New DARPA project seeks advanced threat-detection and warning capabilities for crop defense.
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Winners of AI for Critical Mineral Assessment Competition
Winning solutions in DARPA-USGS competition will help the USGS automate key steps in evaluating geologic maps of mineral deposits that are vital to the U.S. economy and security.
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Insurance for a Changing Climate
Among the many facets of the economy being challenged and changed by warming global temperatures is the insurance industry. Damaging extreme events such as wildfires, hurricanes, and floods are happening with greater frequency and intensity, which leaves insurance companies facing larger financial risks and paying out more in claims — and it also leaves policy holders paying higher prices to insure their homes and businesses.
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Coughing Up Billions of Dollars to Save Florida’s Insurance Market
In the three months since Hurricane Ian struck Florida, the state’s fragile property insurance market has been teetering on the brink of collapse. The historic storm caused over $50 billion in damage, and dealt a body blow to an industry that was already struggling to stay standing: Several insurance companies had already collapsed this year even before the hurricane, and major funders are now poised to abandon those that remain.
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China Launches WTO Dispute Over U.S. Chip Export Controls
Capping a year of increasing tension between Washington and Beijing over advanced chips used in everything from smartphones to weapons of mass destruction, China has initiated a trade dispute at the World Trade Organization (WTO) against the United States for imposing wide-ranging semiconductor export controls on China.
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McDonald's Sets Targets for Reducing Antibiotics in Its Beef Supply
Following criticism that it was backtracking on a commitment to reduce the use of medically important antibiotics in its beef supply chain, fast-food giant McDonald’s has set targets for responsible antibiotic use in the countries that supply most of its beef.
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New Bill Proposes Banning TikTok in the U.S.
Both the administration and Congress have moved to limit, or even ban, TikTok in the United States because of worries about China using the Chinese-owned platform to gather personal data on millions of Americans. Justin Sherman writes that “all told, it is a noteworthy piece of legislation, and it delineates between the risk of data access and the risk of content manipulation better than then-President Trump’s executive order on TikTok.”
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$4.8M to Address National Cybersecurity Workforce Shortage
Oregon State University has received $4.8 million from the National Science Foundation to help the United States close a big gap between the number of cybersecurity job openings and the number of qualified applicants for those positions.
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Wildfires Threats Not Commonly Disclosed by U.S. Firms Despite Risk to Economy
Wildfires in the United States, especially in Western states, increasingly pose a significant risk to entire communities, often destroying homes, businesses and lives. Yet U.S. firms rarely report their wildfire risks in required federal filings and instead bury such risks in nonspecific risk disclosures.
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Phosphorus Supply Is Increasingly Disrupted – We Are Sleepwalking into a Global Food Crisis
Without phosphorus food cannot be produced, since all plants and animals need it to grow. Put simply: if there is no phosphorus, there is no life. All farmers therefore need access to it, but 85% of the world’s remaining high-grade phosphate rock is concentrated in just five countries, making the global food system extremely vulnerable to disruptions.
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A Water War Is Brewing Over the Dwindling Colorado River
Diminished by climate change and overuse, the river can no longer provide the water states try to take from it.
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Weather Is Again Determining Economic Outcomes
Europe’s energy crisis has brought the return of weather-based economics. “The crisis is a reminder that, for all their technological sophistication, even rich-world economies must rely on the munificence of nature,” the Economist writes, adding that “in the absence of a transition to green forms of energy the weather would begin to play an even bigger role in economics.”
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Cryptocurrency Crashes Recall the Wild Days of “Free Banking”
The U.S. used to have hundreds of unregulated private currencies backed by shaky assets. Sound familiar?
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More headlines
The long view
Ransomware Attacks: Death Threats, Endangered Patients and Millions of Dollars in Damages
By Dino Jahic
A ransomware attack on Change Healthcare, a company that processes 15 billion health care transactions annually and deals with 1 in 3 patient records in the United States, is continuing to cause massive disruptions nearly three weeks later. The incident, which started on February 21, has been called the “most significant cyberattack on the U.S. health care system” by the American Hospital Association. It is just the latest example of an increasing trend.
Chinese Government Hackers Targeted Critics of China, U.S. Businesses and Politicians
An indictment was unsealed Monday charging seven nationals of the People’s Republic of China (PRC) with conspiracy to commit computer intrusions and conspiracy to commit wire fraud for their involvement in a PRC-based hacking group that spent approximately 14 years targeting U.S. and foreign critics, businesses, and political officials in furtherance of the PRC’s economic espionage and foreign intelligence objectives.
European Arms Imports Nearly Double, U.S. and French Exports Rise, and Russian Exports Fall Sharply
States in Europe almost doubled their imports of major arms (+94 per cent) between 2014–18 and 2019–23. The United States increased its arms exports by 17 per cent between 2014–18 and 2019–23, while Russia’s arms exports halved. Russia was for the first time the third largest arms exporter, falling just behind France.
LNG Exports Have Had No Impact on Domestic Energy Costs: Analysis
U.S. liquified natural gas (LNG) exports have not had any sustained and significant direct impact on U.S. natural gas prices and have, in fact, spurred production and productivity gains, which contribute to downward pressure on domestic prices.