-
Seismic Shifts Underway in Global Semiconductor Market as U.S. Accelerates Decoupling from China
Historically, the U.S. had the lion’s share of the global semiconductor industry (37 percent in 1990), but its dominance has been eroded by North Asian markets over the past three decades. In August, the administration committed to bolstering the U.S. semiconductor manufacturing sector with $50 billion in funding under the CHIPS and Science Act, with the potential to create 40,000 new jobs.
-
-
Washington Raises Stakes in War on Chinese Technology
The Biden administration is expanding its list of technology-focused sanctions on China, drawing parallels to U.S. controls targeting the Soviet Union during the Cold War – and the new U.S. sanctions are in some ways more restrictive than Cold-War era controls.
-
-
The Promise and Peril of Guyana’s Oil Boom
Most people may not have even heard of Guyana, a tiny country on the northeast coast of South America, but the former British colony is in the midst of an oil boom of staggering proportions. The vast oil reserves discovered off the Guyana coast will soon make Guyana a major oil producer. The question is whether Guyana will escape what economists call the “Resource Curse” — the phenomenon which sees economies that are blessed with natural resources experience less favorable development outcomes than their resource-poor counterparts.
-
-
China’s Challenge: Why the West Should Fear President Xi’s Quest to “Catch and Surpass It’ with Technology
Beijing’s bid for technological dominance is a threat to global security and liberty. The Western democracies must not shirk the task of confronting it.
-
-
Nord Stream Pipeline Sabotage: How an Attack Could Have Been Carried Out and Why Europe Was Defenseless
Whatever caused the damage to the Nord Stream gas pipelines in the Baltic Sea, it appears to be the first major attack on critical “subsea” (underwater) infrastructure in Europe. This raises the question of the vulnerabilities of European pipelines, electricity and internet cables, and other maritime infrastructure. Europe will have to revisit its policies for protecting them.
-
-
Magnesium Market Highlights Continuing Fragility of Global Supply Chains
Magnesium is a critical input for major and emerging economies’ economic and industrial development. It has diverse high-tech applications in a wide range of sectors, from renewable energy to aerospace, defense to transport, and telecommunications to agriculture. The problem is that for both industry and governments, magnesium supply chains are vulnerable to sudden disruptions.
-
-
Will DHS Again Leave H‑2B Winter Industries Short Workers?
The H 2B program allows employers to hire foreign workers for seasonal or temporary nonfarm jobs. USCIS recently announced that employers had already reached the H 2B cap of 33,000 visas for the winter months before the start of the season. The H 2B program is filling jobs in relatively niche areas or positions where the shortages are most severe. DHS should immediately raise the cap to allow more H 2B workers to enter these positions.
-
-
The “Hurricane Tax”: Ian Is Pushing Florida’s Home Insurance Market Toward Collapse
Hurricane Ian has dissipated, but it will bring even more turmoil to the Sunshine State in the coming months. This damage will be financial rather than physical, as ratings agencies and real estate companies have estimated the storm’s damages at anywhere between $30 and $60 billion. The storm is poised to be one of the largest insured loss events in U.S. history.
-
-
The U.S. Needs to Prepare for More Billion-Dollar Climate Disasters Like Hurricane Ian
Billion-dollar disasters such as Hurricane Ian are on the rise in the United States. Officials should take swift action to reduce the damage and protect Americans.
-
-
The Cost of Rising Temperatures
From crop damage to cooling failures at cloud-based data centers, climate change affects a wide variety of economic sectors. The study found that economies are sensitive to persistent temperature shocks over at least a 10-year time frame.
-
-
Permanent Rupture: The European-Russia Energy Relationship Has Ended with Nord Stream
Last Monday’s blasts that tore through the Nord Stream 1 and Nord Stream 2 pipelines have already blown up whatever was left of five decades of German energy policy. For Germany, abandoning the Nord Stream pipelines signified a fundamental transformation of Germany’s energy security strategy, and its approach to relations with Russia. “The Nord Stream pipeline was the last gasp of Ostpolitik and this week’s damage is likely fatal.” Emily Holland writes.
-
-
How Can Countries Protect Critical Infrastructure from Cyberattacks?
Hacking attacks on power grids, telecom networks, or governments can paralyze entire societies. That makes them a powerful military weapon, as the war in Ukraine demonstrates. How can countries protect themselves?
-
-
Human Trafficking’s Newest Abuse: Forcing Victims into Cyberscamming
Tens of thousands of people from across Asia have been coerced into defrauding people in America and around the world out of millions of dollars. Those who resist face beatings, food deprivation or worse.
-
-
Pipeline Leaks Likely the Result of Deliberate Act
European Union foreign policy chief Josep Borrell said Wednesday that all indications are that leaks from two Nord Stream natural gas pipelines in the Baltic Sea “are the result of a deliberate act.” The 1,222-kilometer-long Nord Stream 1 pipeline has been, until recently, a major source of gas for Germany. Nord Stream 2, which is 1,234 kilometers in length, has yet to go into commercial operation.
-
-
Suspicious Leaks in Baltic Sea Nord Stream Pipelines Connecting Russia and Germany
Both Nord Stream natural gas pipelines from Russia to Germany have developed apparent leaks within hours of one another. The cause is unknown, but some sources have hinted at sabotage.
-
The long view
The Scourge of Commercial Spyware—and How to Stop It
Years of public revelations have spotlighted a shadowy set of spyware companies selling and servicing deeply intrusive surveillance technologies that are used against journalists, activists, lawyers, politicians, diplomats, and others. Democratic nations (thus far) lag behind the United States in executing spyware-related policy commitments.
Training Students to Succeed in the “Fourth Industrial Revolution”
Transformational changes are already underway in the manufacturing industry as technological advancements, such as artificial intelligence (AI) and smart devices from the “fourth industrial revolution” or Industry 4.0., inspire a digital-first approach to engineering. University of Missouri researchers are using a $1 million grant to support the development of an Industry 4.0 lab, training engineering students for the future of digitization in manufacturing.
Multi-Billion-Dollar Risk to Economic Activity from Climate Extremes Affecting Ports
More than $122 billion of economic activity - $81 billion in international trade - is at risk from the impact of extreme climate events, according to new research. Systemic impacts – those risks faced due to knock-on effects within global shipping, trade and supply chains network - will hit ports and economies around the world, even if the local ports are not directly affected by extreme events.
Tech Breakthrough Could Increase States’ Use of Geothermal Power
Lawmakers in some states have been laying the groundwork to add geothermal power to the electrical grid and pump underground heat into buildings. Now, a technological breakthrough could dramatically expand those ambitions — and perhaps unleash a new wave of policies to tap into geothermal sources. If the technology’s promise is fulfilled, geothermal could power as much as 20% of the U.S. grid.
More U.S. Crops to Require Irrigation
With climate change, irrigating more crops in the United States will be critical to sustaining future yields, as drought conditions are likely to increase due to warmer temperatures and shifting precipitation patterns. Yet less than 20% of the nation’s croplands are equipped for irrigation.
State Pension Fund is Helping a Middle Eastern Firm Export Arizona’s Precious Groundwater
As rural Arizonans face the prospect of wells running dry, foreign firms are sucking up vast amounts of the state’s groundwater to grow hay for Saudi Arabia and other wealthy nations. The state’s retirement system invested heavily in a private land deal that allowed a foreign company to effectively ship Arizona’s scarce water supply overseas.