IMF chief warns of a 'lost decade' for global economy. 9 November 2011Last updated at 08:03 Christine Lagarde: "The world runs the risk of a downward spiral of uncertainty" The head of the International Monetary Fund, Christine Lagarde, has warned that the global economy is at risk of being plunged into a "lost decade". Ms Lagarde said the ongoing debt crisis in Europe has resulted in an uncertain outlook for the global economy. The IMF chief added that whilst efforts to solve the crisis were heading in the right direction, more needed to be done to restore confidence.
Speaking in China, Ms Lagarde called upon Beijing to rebalance its economy. "Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of downward spiral of uncertainty, financial instability and potential collapse of global demand," she said. "We could run the risk of what some commentators are already calling the lost decade," Ms Lagarde added. 'Clouds on the horizon' Continue reading the main story “Start Quote Domino effect. Higher Education, Innovation, and Economic Growth. MIT President Says Higher Education At Crossroads. MIT's great dome in Cambridge (Nietnagel/Flickr) MIT has been celebrating the 150th anniversary of its founding charter this year.
Earlier this month, the institute held its centerpiece event: “The Next Century Convocation.” The Convocation looked back at a century and a half of research and educational innovations that emerged from MIT and culminated with the signing of an unofficial charter for the next 100 years. While the event struck a celebratory tone about MIT’s past, when Susan Hockfield, the university’s president, rose to the podium, she said when she examined the present she saw a precarious time for the nation and the world.
Susan Hockfield in WBUR studios in January (Jesse Costa/WBUR) “[It is] a very complicated time — one that tests the limits of human ingenuity and understanding,” Hockfield said. Studies have found that as recently as 1995, the U.S. ranked second in terms of college completion rates, globally. Hockfield largely blames shifting national priorities. Guest: Jobs and innovation: Leaders to gather for Northeast Regional Meeting of Advanced Manufacturing Partnership on Nov. 28 - MIT Media Relations. Charlie Rose - Susan Hockfield, the president of M.I.T.
How the private sector can help curb our engineering shortage. The council’s high-tech education task force is focused on programs that will yield 10,000 more engineering graduates in the United States each year and begin to address the long-term threat of our nation’s growing skills crisis. This goal requires a commitment, starting at the top, from of all U.S. firms that employ engineers.
We will be calling on U.S. -based firms to help sponsor mentoring programs, internships and permanent job commitments for students in engineering programs nationwide. While the government can provide a framework for success and recognition for the best of our engineering programs, it is up to us in the private sector to back up our rhetoric with actions and commit to the future workforce we all so desperately need.
Education Department data show that overall college graduation levels the past two decades have grown about 50 percent, with the number of bachelor’s degrees awarded increasing from 1.1 million in 1990 to 1.6 million in 2010. Intel CEO Paul Otellini's politico-economic critique. Andy Grove: How America Can Create Jobs. Recently an acquaintance at the next table in a Palo Alto (Calif.) restaurant introduced me to his companions, three young venture capitalists from China. They explained, with visible excitement, that they were touring promising companies in Silicon Valley.
I've lived in the Valley a long time, and usually when I see how the region has become such a draw for global investments, I feel a little proud. Not this time. I left the restaurant unsettled. Something did not add up. Bay Area unemployment is even higher than the 9.7 percent national average. Clearly, the great Silicon Valley innovation machine hasn't been creating many jobs of late—unless you're counting Asia, where American tech companies have been adding jobs like mad for years.
The underlying problem isn't simply lower Asian costs. Friedman is wrong. The scaling process is no longer happening in the U.S. What Went Wrong? Scaling used to work well in Silicon Valley. I am fortunate to have lived through one such example. MIT President At NVCA: Research Cuts Would Be ‘Devastating’ - Venture Capital Dispatch. Matthew Dakotah: Women In Power: Susan Hockfield, MIT President, on Women in Science, Revolutionary Technologies, Why U.S. Policies Must Change. A special series profiling trailblazers in energy innovation and champions of the environment.
See previous stories here. "It is very clear to me--and I wish it were clear to everyone else--that the reason I am president of MIT right now is because of decades of very hard work by generations of women before me," Susan Hockfield says. "The first woman graduated from MIT in 1873 and it officially became a coeducational institution in 1883, so there have been women on our campus for a very long time. " And that long progression is punctuated by Hockfield, who took the helm of the innovation powerhouse in 2004--the first woman to do so since MIT's founding 143 years earlier.
According to Hockfield, it wasn't until the 1960's when "there was an effort made to increase the number of women students" that any significant presence beyond men could be felt. And where from here? That inclusive approach is also evident in Susan's leadership style. The work underway at MITEI runs on parallel tracks. A conversation with Susan Hockfield, President MIT. Susan Hockfield. ""Susan Hockfield"" (born March 24, 1951)[1] is an American neuroscientist who from December 2004 through June 2012 served as the sixteenth president of the Massachusetts Institute of Technology.
Hockfield succeeded Charles M. Vest and was succeeded by L. Rafael Reif, who had served in her administration as Provost. Hockfield was both the first biologist and the first woman to serve as the Institute’s president.[2] Hockfield, Professor of Neuroscience in MIT’s Department of Brain and Cognitive Sciences and a member of the Koch Institute for Integrative Cancer Research, is a director of General Electric and of Qualcomm. She is an overseer of the Boston Symphony Orchestra, a trustee of the Carnegie Corporation of New York, and a member of the MIT Corporation. Education and early career[edit] She attended Horace Greeley High School in Chappaqua, New York and graduated in 1969. In August 2004, MIT named Hockfield its next president. Scientific research[edit] MIT Presidency[edit] Honors[edit] President Hockfield stresses innovation in speech to U.S. governors.
MIT President Susan Hockfield delivered a keynote address at the annual meeting of the National Governors Association (NGA), which began today in Salt Lake City. The NGA — composed of the governors of the 50 U.S. states, three territories and two commonwealths — is a public-policy organization that, since 1908, has represented the interests of states on Capitol Hill and shared best practices among governors. The 103rd annual meeting, held July 15-17, has as its focus “states’ role in supporting education, fostering innovation and increasing competitiveness.” Washington Gov. Christine Gregoire, chair of the NGA, invited Hockfield to speak about how universities can nurture economic growth through collaboration with government and the private sector.
The full text of her speech is below, as prepared for delivery. Restarting America's Job Creation Engine I took a look at your state-of-the-state presentations, and I found, across the country, a sobering unity of concern: From Maine’s Gov. Susan Hockfield, President, Massachusetts Institute of Technology. Manufacturing a Recovery. MIT president argues for return of U.S. manufacturing. Photo courtesy MIT. In a Tuesday op-ed, MIT president Susan Hockfield argues that the return of U.S. manufacturing is needed to preserve U.S. innovation.
Technology alone is not enough, argues Susan Hockfield, president of the Massachusetts Institute of Technology, in a New York Times Op-Ed published Tuesday. To recover millions of jobs lost in the recession and address its trade deficit, U.S. businesses need to restore the practice of manufacturing products down the hall or down the road from the research and development department. “The United States became the world’s largest economy because we invented products and then made them with new processes,” Hockfield writes. “With design and fabrication side by side, insights from the factory floor flowed back to the drawing board. Designing at home while manufacturing overseas “saps our inventive advantage,” Hockfield argues: “manufacturing off shore leads to innovation off shore.” Read Hockfield’s entire op-ed at NYTimes.com.