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Foreign investment boosts U.S. economy
Last year the United States attracted $180 billion in foreign direct investment; U.S. subsidiaries of foreign companies employ 5.1 million Americans with a payroll of $336 billion; this translates into annual average worker compensation of $66,042 — well above the national average; one analyst argues that we should not allow protectionist sentiments and misplaced security concerns disrupt this contribution to the U.S. economy
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Cernium raises $10 million
Virginia-based video analytic specialist raises $10 million from Chicago investor
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MI5 warns of growing Chinese cyberspace spy threat
Director-general of MI5 sends letter to 300 British companies warning them that their computer systems are under sustained attack from Chinese intelligence services; China engages in a systemic campaign to steal Western industrial secrets — and provide information to Chinese companies about Western companies with which these Chinese companies are doing business
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Imperial Capital to acquire USBX
Imperial Capital has been expanding during the past two years, and now it adds considerable sector-specific depth by acquiring boutique investment firm USBX; USBX’s analysts bring with them considerable knowledge of four sectors: Security (both commercial and homeland), government IT and business services, technology, and consumer; USBX CEO John Mack to head M&A at Imperial Capital
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More headlines
The long view
If Trump Wants More Deportations, He’ll Need to Target the Construction Industry
By Tim Henderson
As President Donald Trump sends mixed messages about immigration enforcement, ordering new raids on farms and hotels just days after saying he wouldn’t target those industries, he has hardly mentioned the industry that employs the most immigrant laborers: construction. Almost a quarter of all immigrants without a college degree work in construction.
Federal R&D Funding Boosts Productivity for the Whole Economy − Making Big Cuts to Such Government Spending Unwise
By Andrew Fieldhouse
Large cuts to government-funded research and development can endanger American innovation – and the vital productivity gains it supports. If the government were to abandon its long-standing practice of investing in R&D, it would significantly slow the pace of U.S. innovation and economic growth.
Smaller Nuclear Reactors Spark Renewed Interest in a Once-Shunned Energy Source
By David Montgomery
In the past two years, half the states have taken action to promote nuclear power, from creating nuclear task forces to integrating nuclear into long-term energy plans.