Tag: obama
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Energy Innovation Funds Were Illegally Withheld by Trump Administration
The GAO said the Trump administration had violated the Impoundment Control Act by not spending $91 million that was intended for the Energy Department’s Advanced Research Projects Agency-Energy (ARPA-E). Administration officials planned to cancel half of the unspent $91 million and use the other half to shut down the program. “When Congress provides money for…
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Capitalism and the absence of creative disruption
NINE straight highs for the Dow Jones Industrial Average might suggest that all is well with capitalism. But on the contrary, they could be a sign that things have been going profoundly wrong with the way the system is working. The main driver for the surge in share prices this year has been the strength…
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‘Innovation is in Our DNA,’ Obama Announces Research, Innovation Funding
“I’m a nerd,” U.S. President Barack Obama said Thursday, speaking at a science and technology conference in Pittsburgh, Pennsylvania. “I’m a science geek. … I don’t make any apologies for it.” The president got laughter and applause for his comment. He had an audience full of science geeks. Pittsburgh, once seen as an industrial metropolis…