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Colorado Business Roundtable (COBRT)

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The State of Immigration: U.S. is Far Behind in the Race for Global Talent

March 31, 2015 Keenan Brugh

The Business Roundtable has found that the U.S. is Far Behind in the Race for Global Talent.

Based on a comprehensive examination of 10 advanced economies to identify and evaluate the best immigration policies to promote economic growth, the United States ranked 9th out of 10 competitor countries, ahead of only Japan, a country historically closed to outsiders.

This analysis found that America’s near-bottom ranking among major advanced economies is due to U.S. laws and regulations that impose unrealistic numerical limits and excessive bureaucratic rules on hiring workers that the country’s economy needs.

For example, while Germany has a high approval rate for skilled foreign workers, the US limits the number of H-1B visas so much so that they run out almost immediately. In fact, starting today, the United States Citizenship and Immigration Services agency starts assigning H-1B visas for the year. By next week, the full 65,000 cap will be reached. Demand far outpaces supply.

This morning in the Wall Street Journal, Gary Beech writes about the issue. He, like many people on both sides of the political spectrum, is advocating for the removal of the H-1B visa cap. Start learning more about the arguments for and against this action by reading his full article here: http://blogs.wsj.com/cio/2015/04/01/remove-the-h1b-visa-cap/

It's a bipartisan opinion: let skilled, hardworking employees and entrepreneurs build their businesses here in America.

(Click the Business Roundtable graphic to view the full size)

BRT_talent

In Blogs, Business, Featured Stories, Nation, Politics Tags BRT, business roundtable, immigration
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Q&A: Denver metro execs discuss immigration issues

March 3, 2015 Contributor

Six executives share their views on immigration reform, how it impacts business and the outlook for the future. Sam Klomhaus, of the Denver Business Journal asked Brent Boydston, Jeff Wasden, Diedra Garcia, Michelle Warren, Karen de Bartolome and Ali Noorani the following:

Q: What do you think is the first thing that needs to happen to break the immigration reform logjam?

Brent Boydston, vice president of public policy, Colorado Farm Bureau: We are going to need a stronger front of united parties committed to true immigration reform; everything from agriculture, business, law enforcement, religious entities and others willing to tackle this issue together. Then hopefully Congress and the administration will recognize that our current system is hurting America, from businesses to the workers themselves, and they must put aside partisan differences to take steps in the right direction.

Jeff Wasden, president, Colorado Business Roundtable: There is bipartisan support for several of the tenants of immigration reform. Consensus and agreement exists around knowing who is moving and operating within our nation's borders while ensuring the safety and protection of our citizens. There has also been a broad conversation about a simple, user friendly, uniformly enforced employee verification system that ensures a level playing field as well as status of workers within the state.

Finally, industry realizes that our visa, guest worker system is inadequate to fill the needs of emerging, innovative companies looking for highly skilled workers that are vital to our global competitiveness. We need to start with areas of agreement and get legislation passed now.

Diedra Garcia, president, Hispanic Chamber of Commerce, Metro Denver: The Hispanic Chamber believes that breaking the issues into smaller, more manageable pieces where we stand to achieve better consensus a great place to start. We support starting with a more effective guest worker program. The idea is to give the U.S. a steady, reliable stream of labor and professional expertise and bring innovation.

Michelle Warren, Mountain West consultant, Bibles, Business and Badges: Poll after poll shows that most Americans and most Coloradans actually want to see the sort of immigration reforms that a bipartisan group of senators put forward and successfully passed in 2013. This bill would have increased border security, changed our visa system to provide our economy with the workers needed to expand, and created an earned legalization process for those of the undocumented who were willing to pay a fine and work toward legal status and eventual citizenship. The House of Representatives did not take up the bill and despite what their constituencies wanted, allowed it to expire with the 113th Congress.

Karen de Bartolome, executive director, WorldDenver: In the current sticky political setting, the easiest place to get agreement should be simply updating existing non-immigrant categories and quotas for professional and lower skilled workers. These categories are limited in time and in numbers, but the need for this type of labor has grown as our economy has expanded since the present immigration laws were passed. It's like not getting a cost of living increase in your salary for two decades! A few smallish changes in languages for these provisions would make a huge difference to businesses and would demonstrate that the political crowd is listening. And it might pave the way for agreement on other issues.

A second thing that should be done is to offer visas along with diplomas to the thousands of bright, motivated international students whose U.S.-generated higher education could benefit our economy. Other highly developed economies are doing it and we should too.

Ali Noorani, executive director, National Immigration Forum: At the end of the day, immigration is about people. Once people start to realize that this affects their neighbors, their friends, their peers, it puts a face to the issue and really starts to change hearts and minds. You see it all the time.

So far at all levels, the story has been about process and politics instead of people. But immigrants are part of our communities, our families, our lives, and an empathetic human story can temper even the most intense political flames.

Immigration reform isn't about political parties, it's about the fact that our country is suffering under our current system. The broad policy advantages of passing immigration reform are pretty unanimous, we just need to get past the politics and do this for the good of the country.

Q: What businesses are being hurt the most by the lack of reform?

Boydston: Lack of reform is hurting farmers because we are stuck with a rigid, inflexible, H-2A program that does not reflect varying needs of agriculture today. This creates a shortage of skilled labor. For example, to work at a dairy you need very different skills than someone tending sheep or orchard workers. A skilled farm workforce is not about pay; we have members who offer very high wages, but cannot get citizens to apply because of the remote job locations and seasonal nature of farming.

Wasden: Visa caps, which are fulfilled within two days, were put into place 20 and 30 years ago and have not been changed to reflect the growth of current and emerging industries. This is restrictive to core business functions and has to be amended for businesses to stay competitive globally.

Our university system is educating some amazingly talented youth that are forced to leave and join international companies that then directly compete against American companies. We need to continue to train and educate our own students but also get American companies the talent they need to continue to prosper and innovate.

Garcia: The lack of reform is hurting the economy as a whole. Name an industry — agriculture, tourism, engineering, hospitality — is there an industry that wouldn't benefit from a pipeline of ready, willing, able, educated, skilled workers? In terms of keeping our state competitive, in terms of keeping our country competitive, don't we want to be able to access the best and the brightest as a resource? It is getting harder and harder to deny that what holds us back from progress is simply partisan party dynamics. This not only hinders the economy from an immigration reform perspective, but dilutes confidence in our government, which dilutes our strength as a nation.

Many sources say that immigration reform has the potential to generate more than $1 trillion for the U.S. within the next decade. Further, reform would allow for more consumer spending, more tax revenues, and a reliable workforce pipeline.

Warren: I talk with Colorado business leaders in agriculture, tourism, landscaping, construction and others sectors regularly, and all I hear is how they do not have the needed labor force for their industries to be successful and how the current immigration system does not allow for this need to be met.

But, an additional dynamic that I think is sometimes overlooked is the dramatic impact that a legalization program would have on business: if you look at the effects of the last large-scale legalization, under President Reagan in 1986, the wages and purchasing power of those who were legalized increased significantly. With the security of knowing they belonged permanently in the U.S., many purchased houses and began businesses—investing their capital here in the U.S., rather than abroad.

De Bartolome: The lack of provision for year-round (as opposed to seasonal) lower-skilled temporary workers. The rollback of H-1B (professional/technical non-immigrant) visa quotas from 195,000 (2003) to 65,000 (present). The difficulty of obtaining a green card for law-abiding long-term residents. The loss of tax revenues to state and local government from workers who are hired illegally because there is no provision for them to be hired legally. The loss to the U.S. economy of the thousands of international students who would like to start businesses or contribute the benefits of their US education.

Noorani: The U.S. has always been a beacon of hope for the hardworking and the adventurous; for the families looking for a better life, for the entrepreneurs looking to make their own way. And that's the way we would like to stay.

But there are many other countries that are making it a lot easier for people to come there and contribute. Right now, our broken system turns entrepreneurs away, kicks graduates out and relies on undocumented labor. So to compete on the international stage, and retain our legacy of success and innovation, we need to be able to not only attract but keep people here – from the skilled farmworker to the skilled engineer.

Q: Do you think there is any hope of major reform in the next two years, or will Congress remain at a stalemate until the next presidential election is over?

Boydston: The reality is that something needs to happen. Being an optimist I will always hold out hope for major meaningful reform in the next two years. However, I suspect that we will see small, specific changes of immigration reform happen.

Wasden: I am very hopeful that the Republican controlled House and Senate will put forth meaningful immigration reform. Executive action by the President is not the answer. The Republican party has a chance to lead on this issue and create positive reforms that protect our nation and our interests, while helping our businesses maintain their competitive advantage.

Garcia: In our conversations with representatives on both sides of the aisle, we're confident that at least the Colorado delegation understands how important it is to move forward and both seem to be committed to finding a way. We were hopeful that the conclusion of the last election would open the door for a resolution-based debate. Waiting another two years would only heighten the partisanship that currently exists.

Both sides must agree to a strategy of finding areas of common ground, isolate the areas where we can agree and begin there. This alone would start to change the political dynamic and would stimulate further progress.

Warren: I do believe there is hope for major reform in the next two years.

Congress has ample reasons to act on reform as soon as possible—both political reasons, particularly for the Republicans who need to improve their standing with Latino voters, and economic and moral reasons for every American.

My work brings me all over the Mountain West states and the message from pastors, law enforcement and business leaders is the same: we need immigration reform now. To wait another couple of years is not only pointless but dire for the betterment of our local communities and national economic well-being. We cannot let the current political landscape and the status quo of our "do-nothing" approach to politics take away the incentive to work on this issue.

De Bartolome: Hope springs eternal. But constituents need to let their elected representatives know that reform is demanded.

Noorani: There is plenty of unanimous middle ground on immigration. The bipartisan work on the 2013 Senate bill was a clear indication of that. It's really not about policy anymore as much as politics, and too often immigration becomes a political football for the two parties.

The politics that surround the issue certainly present their difficulties, but at the end of the day, the party that can settle this issue for the long term is the party that will get the credit with American voters.

Previously published by The Denver Business Journal

In Blogs, Politics Tags ali noorani, immigration, immigration reform, Jeff Wasden, karen de bartolome, national immigration forum, worlddenver
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Construction-defects Bill is Needed Fix

March 3, 2015 Jeff Wasden

Colorado is uniquely positioned to capitalize on numerous economic advantages that have lowered our unemployment rate, seen strong growth in several identified sectors and generated more than 70,000 new jobs in 2014, while the forecast for this year continues to trend upward. While economists predict a 2.5 percent growth rate for 2015, we are faced with an immense issue — skyrocketing housing costs. A recent analysis by Zillow showed renters would need to make $35 an hour to stay within the rule of thumb regarding share of housing costs to annual income. Denver is a desirable city for millennials who bring ideas, innovation, creativity and passion to the workplace. Our housing costs and lack of diversity threaten the very fabric of attainable and affordable options.

As a leading statewide business organization, the Colorado Business Roundtable understands how important providing attainable housing is to community building. COBRT will be unabashedly relentless in our support of options that allow our first responders, teachers, and business community to not only work but also live within our cities and communities. We also have many seniors who desire to live near their children and grandkids who need lower-maintenance properties.

Colorado’s construction-defects law passed in 2001 and has undergone several amendments since. Most cite the changes passed in 2003 and 2007 that have caused owner-occupied, multi-family housing to shrink from 23 percent of the marketplace to 3.1 percent in 2014. While we can spend a lot of time looking at what got us to where we are today, we do not prefer to look in the rearview mirror but find creative, bipartisan, pragmatic ways to fix this issue.

Senate Bill 177 is a bipartisan repair or fix in both the House and Senate that has done exactly what needed to happen: stakeholders sitting down and listening to all parties and learning from proposed legislation the past two years. The COBRT is proud to be a part of the Homeowner Opportunity Alliance, a large, diverse coalition of business leaders, trade associations, chambers of commerce and community leaders. The Colorado Business Roundtable strongly feels that homeowner rights and protections will not be weakened or restricted by the passage of SB177.

Senate Bill 177 ensures that construction issues within a condo or townhouse community are not only addressed fairly and quickly but take into account the rights of homeowners and respect the members of the association community. While every homeowner deserves the right to have, in most cases, their biggest investment protected and repaired in the case of an issue, SB177 stops the current practice in which a small number of owners — often a simple majority of a homeowners association board — can enter into legal action without the knowledge or authorization of the majority of homeowners.

There are cases where homeowners have transferred or attempted to refinance their home and been told, much to their surprise, that they cannot because of pending legal action. This is not only egregious but morally wrong, in our view.

According to state Sen. Jessie Ulibarri, D-Commerce City, SB177 differs from previous legislation in that it adds language requiring mandatory mediation and arbitration prior to filing a construction defects claim. This dispute resolution, as a way to repair or cure issues prior to initiating a lawsuit, creates a more favorable market for insurers, who cite the threat of litigation as a primary driver for the high cost of insuring owner-occupied, multi-family housing options. Alternative dispute resolution is a legally enforceable, effective, less costly way and — just as important — a less time-consuming method of resolving disputes.

We want to stress the importance of creating a workable resolution process that is fair to homeowners. One that protects their rights, which fosters conditions that will allow the building of diverse and affordable housing options, and encourages new developments near light rail and transit stations. The Colorado Business Roundtable values the importance of community — one made of not only first-time home buyers and the millennial generation that brings so much creativity and enthusiasm but also seniors, firefighters, law enforcement and great workers in manufacturing, energy, technology and health sciences.

Locally, communities like Lakewood and Parker have passed ordinances to create a local remedy to encourage or spur needed development within the multi-family, owner-occupied space. While we are appreciative of their efforts and successes, this is an area where our elected leaders at the state level need to step up and ensure the passage of SB177. From the House and Senate sponsors to leadership and the rank and file dedicated servant leaders, there is broad-based bipartisan support. Please reach out to your legislator and encourage him or her to support the passage of this important economic and community-building legislation.

Jeff Wasden, a Highlands Ranch resident, is president of the Colorado Business Roundtable. He can be reached at jwasden@cobrt.com.

Previously published by the Highlands Ranch Herald

In Blogs, Featured Stories, Politics Tags COBRT, Colorado, construction, defects law, growth rate, homeowner, Homeowners Opportunity Alliance, Jeff Wasden, jobs, legislator, SB177, Sen Jessie ulibarri, Senate Bill 177, unemployment rate
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Putin’s Culture of Fear and Death

March 3, 2015 Contributor

Boris Nemtsov threw his big body, big voice and big heart into the uphill battle to keep democracy alive in Russia.

Garry Kasparov, speaks openly about Putin's Russia. ___________

By GARRY KASPAROV As posted on WSJ March 1, 2015

Boris Nemtsov, my longtime friend and colleague in the Russian opposition, was murdered in the middle of Moscow on Friday night. Four bullets in the back ended his life in sight of the Kremlin, where he once worked as Boris Yeltsin ’s deputy prime minister. Photos showed a cleaning crew scrubbing his blood off the pavement within hours of the murder, so it is not difficult to imagine the quality of the investigation to come.

Vladimir Putin actually started, and ended, the inquiry while Boris’s body was still warm by calling the murder a “provocation,” the term of art for suggesting that the Russian president’s enemies are murdering one another to bring shame upon the shameless. He then brazenly sent his condolences to Boris’s mother, who had often warned her fearless son that his actions could get him killed in Putin’s Russia. Boris was a passionate critic of Mr. Putin’s war in Ukraine and was finishing a report on the presence of Russian soldiers in the ravaged Donbas region, a matter that the Kremlin has spared no effort to cover up. But the question “Did Putin give the order?” rings as hollow today as when journalist Anna Politkovskaya was gunned down in 2006, the same year that Putin critic Alexander Litvinenko was poisoned in London—or when a Malaysia Airlines passenger jet was shot down over eastern Ukraine last year.

Certainly the arrogance of the assassins is a notable clue. They could have chosen many dark and out-of-the-way places along the same route Boris took but instead sent a message by selecting a prominent and heavily surveilled spot. Opposition leaders are always watched closely by Russia’s security services before public rallies—Boris had been planning a protest against the Ukraine war on Sunday—so how could these trained bloodhounds not notice that someone else was following him? Regardless of whether President Putin gave the order, there is no doubt that he is directly responsible for creating the conditions in which these outrages occur with such terrible frequency.

The early themes in Mr. Putin’s reign—restoring the national pride and structure that were lost with the fall of the Soviet Union—have been replaced with a toxic mix of nationalism, belligerence and hatred. By 2014 the increasingly depleted opposition movement, long treated with contempt and ridicule, had been rebranded in the Kremlin-dominated media as dangerous fifth columnists, or “national traitors,” in the vile language lifted directly from Nazi propaganda.

Mr. Putin openly shifted his support to the most repressive, reactionary and bloodthirsty elements in the regime. Among them are chief prosecutor Alexander Bastrykin, who last week declared that the Russian constitution was “standing in the way of protecting the state’s interests.” In this environment, blood becomes the coin of the realm, the way to show loyalty to the regime. This is what President Putin has wrought to keep his grip on power, a culture of death and fear that spans all 11 Russian time zones and is now being exported to eastern Ukraine.

Boris Nemtsov was a tireless fighter and one of the most skilled critics of the Putin government, a role that was by no means his only possible destiny. A successful mayor in Nizhny-Novgorod and a capable cabinet member and parliamentarian, he could have led a comfortable life in government as a token liberal voice of reform. But Boris was unqualified to work for the Putin regime. He had principles, you see, and could not bear to watch our country slide back into the totalitarian depths.

And so Boris launched his big body, big voice and big heart into the uphill battle to keep democracy alive in Russia. We worked together after he was kicked out of Parliament in 2004, and by 2007 we were close allies in the opposition movement. He was devoted to documenting the crimes and corruption of Mr. Putin and his cronies, hoping that they would one day face a justice that seemed further away all the time.

Boris and I began to quarrel after Mr. Putin returned as president in 2012. To me, the Putin return signaled the end of any realistic hopes for a peaceful political path to regime change. But Boris was always optimistic. He would tell me I was too rash, that “you have to live a long time to see change in Russia.” Now he will never see it.

We cannot know exactly what horror will come next, only that there will be another and another while President Putin remains in power. The only way his rule will end is if the Russian people and the elites understand that they have no future as long as he is there. Right now, no matter how they really feel about Mr. Putin and their lives, they see him as invincible and unmovable. They see him getting his way in Ukraine, taking territory and waging war. They see him talking tough and making deals with Angela Merkel and François Hollande. They see his enemies dead in the streets of Moscow.

Statements of condemnation and concern over the Nemtsov murder quickly poured forth from the same Western leaders who have done so much to appease the Kremlin in recent days, weeks and years. If these leaders truly wish to honor my fearless friend, they should declare their support for the many tens of thousands of marchers who turned Sunday’s protest rally into a funeral procession. Western leaders should declare in the strongest terms that Russia will be treated like the criminal rogue regime it is for as long as Mr. Putin is in power. Call off the sham negotiations. Sell weapons to Ukraine that will put an unbearable political price on Mr. Putin’s aggression. Tell Russian oligarchs, every one of them, that there is no place their money will be safe in the West as long as they serve the Putin regime.

The response so far hasn’t been encouraging. Given President Putin’s sordid record, calls from Western leaders for him to “administer justice” could almost be considered sarcastic. Western media inexplicably continue to air, unchallenged, statements by his cadre of propagandists. Many reports credulously cite Mr. Putin’s high approval rating at home, as if such a concept has any meaning in a police state. Meanwhile, the Russian media churn out preposterous and insulting conspiracy theories about the death of a man they had called an enemy of the state.

We may never know who killed Boris Nemtsov, but we do know that the sooner President Putin is gone, the better the chances are that the chaos and violence Boris feared can be avoided.

Mr. Kasparov is the chairman of the New York-based Human Rights Foundation. His book on Vladimir Putin, “Winter Is Coming,” will be published by Public Affairs in the fall.

In Blogs, Featured Stories, Nation, News, Politics, World Tags aggression, Alexander Bastrykin, Alexander Litvinenko, Angela merkel, Anna Politkovskaya, Boris Nemtsov, Boris Yeltsin, Four bullets, Francois Hollande, Friday night, Garry Kasparov, Kasparov, Kremlin, Moscow, Mr Putin, murdered, Nizhny-Novgorod, President Putin, Putin regime, Putin's russia, Russian opposition, Russion, Ukraine, Vladimir Putin
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Be skeptical of government-owned broadband networks

February 24, 2015 Jeff Wasden

Vastly expanding the reach of taxpayer-funded broadband networks, and overriding common-sense state technology laws — as President Obama recently proposed — is the perfect example of the old adage, "If it sounds too good to be true, it probably is." Colorado businesses and taxpayers must turn a skeptical eye toward municipal or government-owned networks (GONs) and, fortunately, our state laws allow local citizens to vote before such an expensive investment is foisted on them. The robust and excessively rosy claims for GONs — which the president echoed in his announcement — are centered on assertions that that they work well and cost taxpayers nothing. These claims simply don't stand up to long-term scrutiny, as demonstrated by the experience in cities around the country.

Expect this debate to heat up fast nationally and here in Colorado. In fact some local government advocates are proposing to eliminate your right to vote on GONs, hoping to duck the in-depth scrutiny that comes along with a local election.

Consider these basic facts that some government advocates don't want you to know:

Look at history. GONs routinely disappoint consumers and taxpayers. Many municipal networks are more expensive to consumers than services offered by private network providers. In fact, advocates often say that there is no cost to taxpayers at all, despite ample evidence to the contrary. And when things go awry, local taxpayers foot the bill - which results in higher taxes, precious local funds diverted from other priorities, or both.

Consider the costs. Local governments routinely tell their citizens that budgets are often too tight to adequately fund public safety, transportation or education, to name just three essential government functions. Adding GONs to the mix is one more (and very expensive) demand on local tax dollars.

Can the private sector do it better? The past troubles that GONs have had are public record and well-documented. A solution that reduces the risk to taxpayers and local budgets is to partner with the private sector to bring cutting-edge broadband services to more Colorado communities. Effective routes to do this include providing tax incentives to build out networks, updating ordinances to reflect ever-changing technologies and speeding up permitting processes. Companies have invested hundreds of millions of dollars in Colorado over the past three years — including Comcast's WiFi investment for downtown Denver, and the gigabit network CenturyLink is deploying in Denver and Colorado Springs. Sustainable broadband deployment is assured when the private sector can respond to changing technologies and provide state-of-the-art service — a level of agility that government just doesn't have.

The desire here in Colorado — and across the country — for high-speed, low-priced broadband access is understandable and we applaud President Obama for drawing attention to this issue. But as with every major taxpayer investment, the risks and rewards must be weighed by taxpayers and local elected officials. Local governments can and should aggressively advocate for the rollout of broadband in their communities, but it's clear that government is not best suited to build, subsidize, manage and maintain its own network.

That's why a robust local dialogue leading to an up-or-down vote is the best route to ensure that taxpayers know what they're being asked to buy — and, potentially, bail out. Coloradans should push back hard against a Washington-designed solution being sold as a broadband panacea.

Jeff Wasden is president of the Colorado Business Roundtable.

Originally published at the Denver Post.

In Blogs, Business, City, Featured Stories, Information, Politics Tags broadband networks, budgets, Colorado businesses, funded, GONs, government-owned networks, higher taxes, investment, municipal networks, obama, private network providers, taxpaer, tech, tech law
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Biden 2016?

February 24, 2015 Contributor

Although the next presidential election isn't until Nov. 2016, curiosity of who will throw their name in election, is on everyone's mind. Including my own. Last week, Vice President Joe Biden visited South Carolina to discuss infrastructure investment. The topic changed, of course, to will Joe Biden run for the presidency.

During a quick stop in Columbia, Dick Harpootlian, former Democratic Party chairman in South Carolina said to Biden, "You need to run." Biden's response, "We'll talk."

Colleen McCain Nelson of the Wall Street Journal wrote, "Mr. Biden has taken no overt steps toward building a national campaign machinery, and few people expect him to run. Nonetheless, Mr. Biden in recent weeks has fanned the will-he-or-won’t-he conversation by suggesting that he’s still considering a bid and by scheduling trips to three states that hold the earliest presidential nominating contests."

Biden remains noncommittal on the subject of putting in a bid for presidency.  Trips to Iowa, South Carolina and New Hampshire to promote the administration's agenda inevitability turned to private conversations about the next presidential campaign.

Mr. Biden has described the presidential race as “wide open,” and may very well wait till summer to make a decision.

Could Biden be waiting to see if Hillary Clinton will run?  Most believe that since Mrs. Clinton dominates the polls over her competitors that if by off chance she doesn't run, Biden will.

Colleen McCain Nelson of the Wall Street Journal wrote, "Beyond that public declaration, the vice president said little privately during his trips to Iowa and South Carolina that suggested he was ready to run. Democrats in those states, as well as in New Hampshire, say they’ve seen no evidence of organizing efforts by Biden emissaries, and many supporters say no one from the vice president’s circle has even hinted that local officials might want to hold off on committing to other candidates."

This summer promises an exciting time. Who will run, or not for the Democratic party's presidential nomination?

In Blogs, Featured Stories, Nation, Politics Tags Biden, candidates, Clinton, Democrates, Democratic party, hillary, Hillary Clinton, Iowa, national campaign, New hampshire, nomination, president, run, South Carolina, vice presiden
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Seizing the Day

February 19, 2015 Keenan Brugh

As posted on Fix the Debt: We celebrated President’s Day on Monday, a time for reflecting on the power of presidents to lead the way and shape the debate. We need that kind of leadership now as important decisions regarding the federal budget are about to be made.

President Obama’s recent budget proposal provides some good examples to follow, but also has more to be desired in other areas.

On the positive side, the president should be lauded for paying for all new initiatives in the budget. Some proposals, like universal preschool, have offsets explicitly linked to them while others are not specifically paired with a pay-for, but savings are identified elsewhere that could cover the costs. Congress should follow this example of abiding by “pay-as-you-go” (PAYGO) principles as new policies are considered.

In addition, the budget includes some deficit reduction beyond the savings to be used to pay for new initiatives. However,the budget only saves about half of what the White House claims, roughly $930 billion. While the savings are significant, much more will be required. Contrary to what a White House spokesman said, the budget does not meet the targets set by Simpson-Bowles.

The budget also misses an opportunity to seriously address the longer-term fiscal challenges. It claims to stabilize the debt at about 74% of the economy, but that relies on some assumptions that may be optimistic. Even if the assumptions hold up, debt will remain well above the historical average of about 40% of GDP. Fix the Debt, and others, faulted the budget for failing to adequately address the drivers of the debt going forward and not drawing attention to the need to bring the debt down.

In a Wall Street Journal column, Grep Ip asks if it is time to start thinking about instituting more aggressive deficit reduction now that the economy is improving. The president should be leading the discussion instead of avoiding it.

Colorado small business leader and Fix the Debt citizen-activist Jeff Wasden shares the wisdom of some past presidents in the Colorado Statesman. He writes that “President Obama needs to devote part of his final years as POTUS to reducing the burden of debt on this and future generations.”

We need leadership from the top. This week we are highlighting examples of presidential leadership on fiscal issues on our Facebook page. Make sure youfollow us.

See the president’s budget in charts.

Check out highlights of the president’s budget.

In Business, Featured Stories, Nation, Politics Tags fix the debt, national budget, obama budget
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The European Union Attempts Quantitative Easing

January 27, 2015 Keenan Brugh

After many hints and delays, the EU is announcing a quantitative easing program: €60 billion (~$70 billion) per month for at least 19 months. Will it work? As is the new conventional wisdom: when everything else fails to make economies grow, make new money and buy government bonds.

To reach this point, the president of the European Central Bank (ECB), Mario Draghi, has fought quite the political chess match. Bloomberg has an in-depth story on his journey.

Now the big question - the $1.3 trillion question - is if quantitative easing could help the European Union avoid the vicious deflationary situation it's currently facing.

Most economists agree that such quantitative easing initiatives have helped other major economies such as those in the US, the UK, and Japan to avoid recession - and perhaps even apocalyptic depression.

The challenges are different this time, however, because of the EU's unique makeup of 19 nations. The rules have different interpretations and perspectives vary depending on which country you ask.

For countries like Germany, Austria, Luxembourg, and the Netherlands, there remain large concerns over QE; Will it undermine government reform efforts? Will their tax payers be on the hook for insolvent countries like Greece?

Given the historical memory of horrendous hyperinflation, Germans are unsurprisingly hesitant of increasing the currency in circulation. "ARE the ECB's bankers making our money kaputt?”  reads a fearful headline from Bild, Germany's top selling newspaper.

It is clear, though, that most other options are all expired, so the EU is actually doing it.

They're attempting Q€.

The news is being greeted with mixed reviews. Many experts say the policy will help, though less so than in other large economies like the UK and the US. Some say the ECB is acting too late.  Others say the economic situation is different in Europe and the results will be unpredictable.

 

20150127_QE_0

While at first the market reactions were exactly what the ECB wanted, the trend has reversed in the last two days. After the initial desired drop in EUR/USD (which would be helpful for exporters), the price has begun to rise again - currently it's back up to 1.14.

Financial blogs like ZeroHedge are pointing out that, "more troubling though - and the entire raison d'etre of Q€ (according to officials) - forward inflation expectations are now dramatically lower than pre Q€ levels..."

That's bad news for Mario Draghi and for Europeans facing risk of deflation - risk of declining prices, profits, incomes, employment levels, and increasing the burden of debt.

Is this trend reversal just temporary volatility before returning to a path more indicative of economic growth? Or is the European Central Bank's strategy fundamentally flawed?

It's challenging to balance optimistic visions of what could be with sober views of what is actually happening. Only time will tell.

Feel free to contact the writer and editor responsible for this story, Keenan Brugh, at keenanb@icosamedia.com

 

 

In Business, Featured Stories, News, Politics, World Tags Central Bank, EU, Monetary Policy, QE
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Immigration Roundtable Event

January 26, 2015 Jeff Wasden

Join us today - Monday, January 26th  - for two events with Ali Noorani, National Director of Immigration Forum

and

Michelle Warren, Regional Director of the Bibles, Badges, and Business Network.

10:00AM at the South Metro Denver Chamber of Commerce on University and Arapahoe.

2:00 PM at the Aurora Chamber of Commerce

You don’t even have to leave your desk to attend. ICOSA Media will provide a live stream presentation of our press conference at 1:30 on Monday afternoon. You can find the video streaming below:

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Job Openings at Highest Level in 14 years as U.S. Economic Growth Forecasts Become Brighter

January 14, 2015 Keenan Brugh

U.S. economic growth forecasts have been upgraded to an expected 3.2% by the World Bank.  The full "Global Economic Prospects" report is available here:  http://www.worldbank.org/content/dam/Worldbank/GEP/GEP2015a/pdfs/GEP15a_web_full.pdf

Employers are feeling confident about their future prospects and have advertised the most job openings in 14 years. Roughly 5 million positions were available at the end of November, according to the Jobs and Labor Turnover Survey released Tuesday by the Labor Department. That's a 2.9% increase from October and the highest level since January 2001.

 

In Business, Featured Stories, Nation, Politics Tags Economics, US
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Community Leaders Head to Washington, D.C.

December 18, 2014 ICOSA MEDIA

COLORADO - Originally posted on the Highlands Ranch Herald. Written by Christy Steadman It was a bustling three days in the nation's capital — people were protesting the Keystone XL pipeline project and the World Health Organization was having a function on Ebola.

deskAmid it all was a group of south metro Denver's elected officials, educators and two graduate students, chamber of commerce members and business leaders.

The trip to Washington, D.C. was very successful, said Jeff Wasden, president of the Colorado Business Roundtable, because there was something for everybody.

“It was a once-in-a-lifetime experience for those who had never gone before,” he said, “and the veterans to D.C. got to experience something new.”

The 24 attendees visited Washington for three days Nov. 18-20. The main purposes included building relationships, increasing visibility locally and nationally, gaining knowledge and providing input to national leaders.

“An understanding of the issues critical to our representatives at the federal level, and how those can end up affecting us locally, is key,” said Josh Martin, Parker mayor pro tem.

The group had a full itinerary with a “very robust business agenda,” Wasden said, which included meetings with the National Business Roundtable, the White House Business Council and the U.S. Chamber of Commerce.

The trip was also significant because the local participants had opportunities to network with each other, said Wasden, a Highlands Ranch resident.jobs

“All the lunches and dinners are my favorite part,” said Katia de Orbegoso, president of the Roxborough Business Association. “The unstructured environment was the perfect time to get to know each other, share ideas and comment on the different briefings.”

And there was some time for fun, Wasden said.

The group went bowling at the Harry S. Truman Bowling Alley, and they enjoyed an evening monument tour. Being able to tour the monuments in the evening, away from the rest of the tourists and people tending to business matters at the capital, provides a person with a different feel of their significances, Wasden said.

“It becomes more reverent and reflective,” he said. “You can reflect in solitude on some of the great leaders.”

One highlight of the trip was a meeting with U.S. Sen. Michael Bennet, said David Schlatter, corporate real estate adviser, of Centennial.

Bennet is in favor of the Keystone XL pipeline project — an $8 billion Canada-to-Texas oil pipeline — and there were protesters demonstrating their disagreement. A Senate vote was occurring that day, and Schlatter said, “We were there at the moment of truth.”

desk2“It went from a five-minute meeting to a 40-minute intimate conversation with him,” Wasden said. “That really provided some of the wow-factor to the trip.”

In addition to their time with Bennet, the group was able to meet with Congressmen Ken Buck of Colorado and Ted Yoho of Florida, and Ali Noorani, executive director of the National Immigration Forum.

“We got to engage with people in D.C. and meet the people that make a difference,” said Englewood-based Steve Roper, president and CEO of Roper Insurance. “Get our voice heard on a national level.”

Overall, the trip was “a great opportunity to learn first-hand about what's going on in Washington,” said Natalie Harden, director of public policy and economic development for the South Metro Denver Chamber of Commerce.

“And we were demonstrating that we care enough to be willing to physically meet with them,” she added. “They appreciate us making that effort.”

It's important for people to be engaged, Roper said. The people in Washington are also “normal people trying to do the best job they can,” and getting involved can make a difference, he added, because they do listen.

“It's hard to say if we did move the needle at all,” Roper said, “but we hope that it does.”

In Featured Stories, Politics Tags COBRT, DC
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Hagel Stepping Down as U.S. Defense Chief

November 24, 2014 Nathanael Greene

U.S. Defense Secretary Chuck Hagel is stepping down from his post after 21 months in office amid tension with the White House over policy and how it’s presented to the public, officials said.

Possible replacements include former Deputy Defense Secretary Ashton Carter, Michele Flournoy, a former undersecretary of defense, and Senator Jack Reed, a Rhode Island Democrat and West Point graduate. The nominee to replace Hagel won’t be named today, said a White House official who asked for anonymity to discuss a personnel matter.

Hagel, 68, a former Republican senator from Nebraska, is leaving the administration under mutual agreement after a series of meetings in the past few weeks, said a defense official, who spoke on condition of anonymity to talk about personnel matters.

Hagel was confirmed by the Senate in February of last year after a contentious process that saw many of his former Republican colleagues line up against him.

“On paper, Hagel looked perfect for the job -- a war hero, a former Senator, a successful entrepreneur,” said Loren Thompson of the Lexington Institute in Arlington, Virginia. “But his confirmation hearings did not go well, and his temperament proved ill-suited to such a politically sensitive job.”

Reshaping Forces

Hagel’s time at the Pentagon has been focused on the reshaping of the U.S. armed forces in the face of budget cuts. He’s been in the spotlight recently because the rise of Islamic State in the Iraq and Syria has forced the U.S. military to re-engage in the Middle East.

Defense officials said Hagel had been marginalized in the administration. One defense official said Hagel had stopped speaking up at White House meetings because White House aides with less experience in military affairs than the wounded Vietnam War veteran often ignored what he said.

Instead, he took to phoning the president after returning to his Pentagon office to shoot down what he considered bad ideas.

Hagel’s Clashes

Senior members of Obama’s national security team, often considered insular by Defense and State Department officials, clashed with Hagel over U.S. strategy in Syria and in countering the Islamic State. His public appearances, where he at times appeared out of step with the White House, also raised concerns, according to one official, who spoke on condition of anonymity to talk about internal discussions.

Hagel chafed at the centralized White House control of public statements and messaging, which aides said made it more difficult for him to articulate his thoughts, officials close to the defense secretary said.

According to administration officials, Hagel began speaking with Obama in October about leaving the administration, given the typical post-midterms transition.

Hagel’s departure was first reported by the New York Times.

Hagel, a decorated Vietnam war veteran, was picked by Obama to replace Leon Panetta in 2013 as the Pentagon’s leaders. The choice was criticized by Hagel’s fellow Republicans over his past opposition to unilateral sanctions against Iran, his comments about the influence of what he once called “the Jewish lobby,” and his opposition to the 2007 U.S. troop surge in Iraq. Hagel faced an onslaught of criticisms from Republicans at his confirmation hearing.

War Critic

While Hagel as Senator supported the resolution authorizing the war in Afghanistan in 2001, he became critical of the prolonged U.S. counterinsurgency effort and the troop surge there.

In choosing a Republican as defense secretary, Obama followed in the path of Democratic President Bill Clinton, who picked Republican Senator William Cohen of Maine for the job in his second term. Through much of Obama’s first term, he keptGeorge W. Bush’s defense secretary, Robert Gates, in the job.

Hagel’s nomination marked only the third time that a Cabinet nominee required 60 votes to overcome a filibuster on the Senate floor, according to Betty Koed, the chamber’s associate historian.

They were President Ronald Reagan’s 1987 pick for Commerce Secretary, C. William Verity, and President George W. Bush’s 2006 choice of Dirk Kempthorne to be Interior Secretary. Both overcame the higher vote threshold to win confirmation.

Under a Senate rules change earlier this year led by Senate Majority Leader Harry Reid, it takes only a majority of senators -- rather than 60 -- to confirm all executive and judicial nominees, except for those to the Supreme Court.

Senator Mitch McConnell of Kentucky, who will become majority leader when Republicans take over control of the chamber in January, has criticized the rules change, though hasn’t said whether he will seek to reverse it.


 

“Chuck has helped transition our military and bolstered” U.S. standing around the world, President Obama says at the White House.

  • Obama says Hagel understands military like few others; “he’s been in the dirt and he’s been in the mud”
  • Says Hagel had devoted himself to military for decades
    • “You’ve always given it to me straight and for that I will always be grateful,” Obama says to Hagel
  • Hagel says leading Defense Dept is “greatest privilege of my life” and is proud of accomplishments
  • Calls him an “exemplary” defense secretary
  • Hagel stepping down from his post after 21 months in office amid tension with the White House over policy and how it’s presented to the public, officials said

“The President needs to realize that the real source of his current failures on national security more often lie with his administration’s misguided policies and the role played by his White House in devising and implementing them,” Sen. John McCain says in statement.

  • McCain: “Excessive micro-management” from White House makes defense secretary job more difficult
  • McCain says he and Chuck Hagel have “often seen eye to eye on our biggest national security challenges,” citing Syria, Afghanistan, Islamic State, rising China, sequestration
  • NOTE: McCain poised to be Senate Armed Services Cmte chairman in January; ran against Obama for president in 2008

This update was brought to you with intelligence by Bloomberg Government

In Featured Stories, Nation, Politics Tags US defense secretary
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Congress Should Support Trade Authority

November 20, 2014 James Wilson

President Obama should be able to secure renewal of fast-track negotiating authority for trade agreements in spite of clashes over his immigration policy, says, Commerce Secretary Penny Pritzker.

  • “I think they are two separate issues; the reason it will pass is because the trade agreements are really important” for “continued economic growth in the United States,” Pritzker says, speaking from Global Entrepreneur Summit in Marrakesh, Morocco
  • “There is enormous support on the Hill”
U.S. Trade Representative Michael Froman also said this week that he still hopes for bipartisan support in Congress on granting the White House the authority to fast track trade deals but added the timing was up to lawmakers. Some experts say trading partners will not put up their best offers if Congress can later pick apart the deal and that the lack of TPA is slowing down Pacific trade talks. However, some trade negotiations with limited scopes are still taking place and major deals are being announced, such as the recent Information Technology Agreement.

 

What They’re Saying: Breakthrough in Negotiations of the WTO Information Technology Agreement (ITA)
11/14/2014 - 10:00am

“Last night, we reached a breakthrough in our ongoing efforts to expand the Information Technology Agreement. This is a WTO agreement that eliminates tariffs on high-tech products among 54 economies, including the U.S. and China… This is encouraging news not just for the U.S.-China trade relationship, it shows that the U.S. and China work together to both advance our bilateral economic agenda, but also to support the multilateral trading system.” -U.S. Trade Representative Michael Froman

Following the 2014 Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting, President Obama and United States Trade Representative Michael Froman announced a major breakthrough in negotiations with China to expand the scope of goods covered by the World Trade Organization (WTO) Information Technology Agreement (ITA). The ITA will eliminate tariffs on information technology products, and the bilateral agreement between the U.S. and China will allow for the resumption and swift conclusion of negotiations for the first major tariff-cutting deal at the WTO in 17 years. A successful ITA expansion would allow for an increase in Made-in-USA exports to growing markets without the imposition of burdensome tariffs, and would support tens of thousands of good-paying U.S. manufacturing and technology jobs. To learn more about how the ITA will support economic growth at home and abroad, please click here.

Below are reactions to the announcement:

  • Senator Ron Wyden (D-OR), Senate Finance Committee Chairman: “The original Information Technology Agreement helped grow companies big and small in Oregon by eliminating overseas tariffs on high-tech products almost two decades ago,” Wyden said. "Today's news of an agreement with China will pave the way for a successful ITA expansion deal, which means more good-paying jobs by opening global markets to Oregon manufacturers and exporters of advanced semiconductors, high tech medical equipment and other products.” [11/11/2014]
  • Senator Orrin Hatch (R-UT), Ranking Member of the Senate Finance Committee: “After more than a year of stalled negotiations, the Administration’s progress with China to zero-out tariffs on information technology products, like medical devices, is welcome news. Expansion of the Information Technology Agreement would be a big win for American manufacturers, including many in my home state of Utah, who would then be able to increase their global footprint on cutting-edge technologies. Given the recent progress achieved on international trade policy at APEC, it is imperative the President now work with Congress in a bipartisan way to help pass Trade Promotion Authority. Renewal of this job-creating initiative will empower our nation to negotiate a high-quality Trans-Pacific Partnership trade agreement that will grow the economy, benefit the American people and achieve the goals of Congress.” [11/11/2014]
  • Linda Dempsey, Vice President of International Economic Affairs, National Association of Manufacturers (NAM): “Expanding the agreement to include ‘new technologies is critical not just for manufacturers of this equipment but for all the manufacturers that consume these technologies to make them more productive and globally competitive. The NAM applauds the administration's leadership and persistence in moving these negotiations forward and looks forward to the conclusion and implementation of an expanded ITA as quickly as possible’.” [11/11/2014]
  • Myron Brilliant, Executive Vice President and Head of International Affairs, U.S. Chamber of Commerce: “With economic growth disappointing in many countries, news of a breakthrough in the ITA negotiations is more than welcome. The ITA has been one of the most successful trade pacts in history, spurring growth and innovation across a host of cutting-edge industries. With so many new products created since the ITA was concluded two decades ago, expanding the agreement’s coverage is imperative. With trade in tech goods surpassing $4 trillion annually, the commercial significance of these negotiations is obvious. As stated in our goals coming into Beijing, a deal on the ITA is key to the success of China’s APEC year. We congratulate the U.S. and Chinese officials who have pushed these negotiations through a difficult stage and, hopefully, brought success within reach.”  [11/10/2014]
  • Gregory Gilligan, Chairman, American Chamber of Commerce in China: “This latest breakthrough – combined with the deal announced the previous day on extending the validity of visas for businesspeople, students and tourists – demonstrates how cooperation can create long-term benefits to the business interests of both countries.” [11/11/2014]
  • John Frisbie: President, U.S.-China Business Council: “Making a positive breakthrough on the ITA this week sets the tone for more ambitious agreements that are in discussion.” [11/11/2014]
  • Bruce Mehlman, Executive Director, Technology CEO Council (TCC): “This agreement represents a major breakthrough in global trade for the high tech sector. The information technology sector has changed dramatically in the 17 years since the ITA first went into effect. By updating the product scope and eliminating tariffs on more than 200 new products, a new and expanded ITA will support thousands of new manufacturing and technology jobs here in the U.S. and infuse billions of dollars in revenue to the global economy. We applaud the persistent efforts of President Obama and his Administration, including U.S. Trade Representative Michael Froman, as well as the Departments of Treasury and Commerce to move this agreement forward and keep ITA expansion as a top economic priority. We look forward to the swift completion of the final ITA agreement as soon as possible.”  [11/11/2014]
  • Gary Shapiro, President and CEO, Consumer Electronics Association (CEA): “It took hard work, and compromise on all sides, but today's breakthrough announcement from Beijing on the ITA marks a major path forward. President Obama, Ambassadors Froman and Punke, and their team at USTR have worked tirelessly over the past week to find a way forward. We commend them, Chinese hosts of APEC and leadership in Beijing for reaching a mutually acceptable path forward to continuing, and swiftly concluding, ITA discussions in Geneva. Today's breakthrough offers not only a strong deliverable for APEC leaders, but also a chance to advance the success of the World Trade Organization itself." [11/11/2014]
  • Gregg Melinson, Senior Vice President for Corporate Affairs, Hewlett Packard (HP): "The Information Technology Agreement (ITA) is an extremely significant trade pact for the high-tech sector, and we applaud the announcement of a deal which will expand product coverage and eliminate burdensome tariffs. This move will support and grow jobs throughout our industry, and we applaud the USTR and President Obama for driving this important trade expansion in Beijing this week." [11/11/2014]
  • Fred Humphries, Vice President of U.S. Government Affairs, Microsoft: “Microsoft welcomes the news from the APEC Leader’s meeting on the expansion of the Information Technology Agreement (ITA).  This is a significant and important development for China and the United States.  Microsoft will continue to work in support of ITA expansion as final negotiations are concluded in Geneva.” [11/11/2014]
  • Brian Toohey, President and CEO, The Semiconductor Industry Association (SIA): "The ITA has played a central role in helping the U.S. semiconductor industry drive innovation, create jobs, lower consumer prices and connect communities throughout the world. Today's agreement between the U.S. and China to expand the ITA is a hard-fought victory for the U.S. semiconductor industry and a big win for the U.S. economy and consumers around the world. We look forward to all ITA countries finalizing a deal as soon as possible."[11/11/2014]
  • Rich Templeton, Chairman, President, and CEO, Texas Instruments (TI): “Lowering barriers to trade advances innovation and growth for our companies but more importantly can expand the global economy. We see this as a true win-win for the participating countries and a needed boost for rules-based trade under the WTO. President Obama and Ambassador Froman deserve a great deal of credit for achieving this important breakthrough.” [11/11/2014]
  • Jeff Campbell, CISCO: “The agreement between the United States and China to expand the scope of the Information Technology Agreement represents a major breakthrough in the global trade agenda. This agreement is expected to eliminate duties on over 200 information and communications technology (ICT) product categories, representing approximately $1 trillion in annual global ICT sales. Now that the U.S. and China have reached agreement, we hope negotiators will resume talks early next month at the World Trade Organization in Geneva to expand the bilateral agreement to include more nations.  In doing so, this will help expand access to affordable technology, which will help improve standards of living and economic development around the world.”  [11/11/2014]
  • Senator Chris Dodd, Chairman and CEO, Motion Picture Association of America (MPAA): “MPAA commends the United States and China for reaching a crucial agreement on expanded product coverage in the negotiations to update the Information Technology Agreement (ITA). Once concluded, this agreement will encourage the growth of the U.S. and global motion picture industries by eliminating costly tariffs -- some as high as 30% -- on a wide range of digital and optical media and storage devices used in worldwide motion picture production, editing, distribution, and exhibition. MPAA is grateful for the hard work and leadership of President Obama, U.S. Trade Representative Michael Froman and the USTR team, who have worked tirelessly to narrow the differences with China to reach an understanding which will lead to a commercially significant agreement. MPAA also applauds China for contributing to the resumption of negotiations. We encourage all ITA participants to seize the momentum created by this agreement to resume and rapidly conclude the negotiations." [11/11/2014]
  • Steve Mollenkopf, CEO, Qualcomm: “I am very pleased that dialogue between the United States and China has resulted in a breakthrough understanding that will give a much needed boost to negotiations to expand the product coverage of the WTO Information Technology Agreement. Modernizing the list of products that will receive duty-free treatment under an expanded ITA will generate significant benefits for the information technology industries and consumers globally. In particular, the inclusion in the ITA product landscape of MCO semiconductors will catalyze new innovations, investment, jobs, global trade flows and consumer choice. Qualcomm encourages all WTO members to build upon this momentum and conclude ITA expansion negotiations at the earliest opportunity this year. I applaud United States Trade Representative Michael Froman and Chinese Minister of Commerce Gao Hucheng, and their teams, for their hard work and leadership.” [11/11/2014]
  • Intel: “We applaud the work that the United States Trade Representative (USTR) has done at the Asia-Pacific Economic Cooperation (APEC) to support America’s technology industry. The breakthrough bilateral agreement between the United States and China to expand product coverage of the Information Technology Agreement (ITA) enables the swift conclusion of a deal at the WTO that will cut tariffs on an estimated $1 trillion in annual global sales of information and communications  technology (ICT) products.  An expanded ITA will be a major win for the global information economy and ICT consumers around the world.  Fair and open trade creates job growth, increases innovation and strengthens the global economy.” [11/11/2014]
  • Telecommunications Industry Association (TIA): “The Telecommunications Industry Association (TIA), the leading association representing the manufacturers and suppliers of high-tech communications networks, today commended the White House and the Office of the U.S. Trade Representative for their leadership in breaking the impasse to resume the negotiations to expand the World Trade Organization (WTO) Information Technology Agreement (ITA)… The breakthrough to resume the negotiations to expand the Information Technology Agreement would not have been possible without the tremendous amount of hard work by the White House and the Office of the U.S. Trade Representative over the past year. It has been 17 years since the original ITA was concluded, and TIA is very pleased to see that the ITA expansion negotiations are back on track.” [11/11/2014]
  • Advances Medical Technology Association (AdvaMed): "AdvaMed strongly supports expansion of the ITA and we are pleased to see the agreement reached by the leadership of China and the US.  We hope that this will lead to continuation of a robust negotiation and swift passage of an expanded agreement. The ITA has the potential to reduce tariffs for several innovative medical technologies, benefitting manufacturers in the US, China and other countries.  Even more importantly, the agreement will lower healthcare costs and increase patient access to life-saving and life-enhancing technologies." [11/11/2014]
  • BSA / The Software Alliance: " ‘Updating the ITA to better account for these advances will remove tariffs on hundreds of billions of dollars’ worth of additional goods,’ BSA CEO Victoria Espinel said by email in response to a query.” Reuters: U.S. tech, software industry cheers China IT trade deal progress [11/11/2014]
  • Information Technology & Innovation Foundation: "Among the likely winners would be U.S. makers of semiconductors, medical products such as MRI and CT machines, and software and video game developers, said Stephen Ezell, senior analyst at the Information Technology & Innovation Foundation think tank. ‘It’s a win-win trade agreement that will benefit information and communications technology manufacturers and services firms across the Americas, Europe, and Asia, while also benefiting all consumers globally and raising global GDP by as much as $190 billion annually,’ he said by email.” Reuters: U.S. tech, software industry cheers China IT trade deal progress [11/11/2014]
  • Japan Electronics and Information Technology Industries Association: “The Japan Electronics and Information Technology Industries Association, an industry body whose 280 members include Sony Corp. , Panasonic Corp. , Sharp Corp. and Toshiba Corp. , welcomed the deal. “We were waiting for this since the discussion between China and the U.S. stopped last November,” the group said. ‘If the discussion reopens in Geneva and the tariff elimination is expanded, it would be positive for the JEITA and Japan’s IT and electronics industry.’” Wall Street Journal: Global tech firms stand to gain from tariff drop [11/11/2014]
  • Information Technology Industry Council (ITIC): “‘This is particularly important for economies without credit cards,’ said John Neuffer, senior vice president for global policy at the Information Technology Industry Council in Washington. ‘They can go to the local kiosk and buy cards’ that let them download software.” Wall Street Journal: Global tech firms stand to gain from tariff drop [11/11/2014]
  • Micron: “Mark Durcan, Micron’s chief executive, said the new agreement ‘will certainly benefit all of us who conduct business and manufacture on a global basis, and we commend all the parties involved in reaching this milestone.’” Wall Street Journal: Global tech firms stand to gain from tariff drop [11/11/2014]
  • U.S. Chamber of Commerce: “The Chamber has worked over the past two years to build support for an ambitious expansion of the ITA. We’ve traveled to Geneva repeatedly to meet with negotiators from dozens of countries, and we’ve raised it as an issue in missions to foreign capitals (especially Beijing, as Chinese officials had been reluctant to eliminate many tariffs). The Chamber was one of 82 top business groups from dozens of developed and developing countries that in September issued a statement calling for action…The Chamber has said repeatedly that a deal on the ITA is key to the success of China’s APEC year, and so it is. It’s also a big win for the U.S.-China relationship, with benefits for consumers and industries worldwide. We congratulate U.S. Trade Representative Michael Froman, Deputy U.S. Trade Representative Michael Punke, as well as the Chinese officials who have pushed these negotiations through a difficult stage and, hopefully, brought success within reach.” U.S. Chamber of Commerce: Trade Pact to Slash Taxes on $1 Trillion in Goods [11/11/2014]
  • Information Technology Industry Council (ITI): “ITI applauds the sustained effort by President Obama and his team at USTR for their unrelenting efforts to achieve this deal and break the logjam…With this bilateral deal to expand product scope, a number of important goods will now be included in the final round of talks, such as next-generation semiconductors called MCOs, a range of medical equipment, a wide array of sophisticated measuring devices, and point-of-sale cards to download software and games. These additional product lines will add significant commercial value to the overall agreement.” Information Technology Industry Council: Breakthrough Achieved on Information Technology Agreement: Next Stop, Geneva [11/11/2014]
In Business, Featured Stories, Nation, News, Politics, World Tags TPA, TPP, TTIP, WTO
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Senate Blocks Measure Reining in Surveillance

November 19, 2014 Keenan Brugh

Senate defeats motion to proceed to NSA surveillance overhaul bill (S. 2685) Nov. 18 (BNA) -- Senate Republicans blocked legislation to rein in U.S. government surveillance activities, citing national security concerns.

A cloture motion defeated late Nov. 18 would have cleared the way for Senate consideration of the USA FREEDOM Act of 2014 (S. 2685), a bill limiting the government's collection of business records, among other provisions.

The motion was rejected 58-42, with 41 Republicans voting “no.” At least 60 “yes” votes were needed.

The Senate was under pressure from privacy advocates and a coalition of technology industry giants, including Facebook Inc. and Google Inc., to move forward on this issue. American technology businesses are standing to lose billions unless something is done to genuinely reform the system and to improve international public perception. (The Information Technology and Innovation Foundation has estimated the cloud computing industry could suffer $22 - 34 billion in loses over the next three years)

‘Worst Possible Time,' says McConnell

Senate Minority Leader Mitch McConnell (R-Ky.) announced his opposition to the bill earlier in the day, saying that the measure would weaken the nation's ability to combat terrorism at a critical time. “This is the worst possible time to be tying our hands behind our backs,” McConnell said, citing the rise of the terrorist group known as Islamic State.

Republican Sens. Ted Cruz (Texas), Mike Lee (Utah), Dean Heller (Nev.) and Lisa Murkowski (Alaska) crossed party lines, joining Democrats to support the cloture motion. Democrat Bill Nelson (Fla.) voted against the motion.

 

In Featured Stories, Intelligence, News, Politics, Science & Technology
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State Heads Meeting on Opening Up Global Trade

November 11, 2014 James Wilson

UPDATE: U.S. & China Reach Trade "Understanding." After a lengthy private meeting, presidents Barack Obama and Xi Jingping have found common ground on reducing tariffs on high-tech goods which backers say could cover $1 trillion in trade. The breakthrough will help bring talks on expansion of the global Information Technology Agreement to a "rapid conclusion."  U.S. officials told the Associated Press that the progress with China includes an agreement to eliminate tariffs on goods like medical devices, global positioning systems, and video game consoles.

Additional updates: Beijing has also announced a free-trade agreement with South Korea. The Chinese stock markets will become open wider to foreign investors following new regulatory approval of linking the exchanges in Hong Kong and Shanghai. All this is following an announcement over the weekend of a $40 billion fund to improve trade links between Asian economies, financed by China.

 


John Engler, President of the Business Round Table:

“I believe Congress has an immediate opportunity in the lame-duck session to pass Trade Promotion Authority legislation to give the President and U.S. negotiators the tools they need to conclude promising trade agreements with Asia-Pacific countries and the European Union."

 

Heads of State Meeting in Beijing for APEC Summit 

The leaders of the Trans-Pacific Partnership (TPP) member countries will be meeting around the Nov. 10-11 Asia-Pacific Economic Cooperation (APEC) summit in Beijing, U.S. National Security Adviser Susan Rice confirmed. APEC is hosting the Economic Leaders' Meeting in the capital city of China.

The TPP leaders meeting will be Nov. 10, following a planned Nov. 8 negotiating session of the 12 TPP trade ministers from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S. and Vietnam.

“We're working with our Asian partners to deepen our trade and investment ties through progress on agreements such as the WTO Information Technology Agreement and the environmental goods and services agreement[s], and we're working to bring China into the rules-based institutional structures in Asia,” Rice said, referring to the ongoing negotiations toward an Environmental Goods Agreement and toward a Trade in Services Agreement.

Regarding the president's Nov. 11-12 meetings with Chinese President Xi Jinping over the final day-and-a-half of the visit, Rice said that the meeting will present an opportunity to identify a forward-looking agenda for the next two years of the bilateral relationship.

She said that the president will seek to build a relationship with China that advances American economic and security interests and solves global problems in ways that reflect American values. She noted that the issue of cybersecurity will be prominent on the U.S.'s bilateral agenda.

“This is a source of grave concern to the United States,” Rice said. “We have reiterated on every occasion the fact that we oppose any efforts, official or unofficial, to engage in cyber-espionage for commercial gain or other purposes—and this has been and will remain a topic of discussion.”

 

UN Trade Urging G-20 to Resist New Restrictive Trade Actions

Group of 20 members should reduce restrictive trade measures as a means of stemming the world's stagnant growth trend, United Nations trade leaders said in a report released a week ahead of the G-20 conference in Brisbane, Australia.

“Prevailing global economic conditions mean that this is not a time for complacency in the international trading system,” according to a joint statement from the leaders of the World Trade Organization, the Organization for Economic Cooperation and Development and the UN Conference on Trade and Development.

The report, which evaluated trade and investment measures implemented from mid-May to mid-October 2014, noted that G-20 members have applied 93 new trade-restrictive measures during the last five months, which account for an estimated $118 billion in global merchandise value.

G-20 members have implemented 1,244 trade restrictions since the 2008 economic crisis and have removed 282 in the following years.

“The G-20 economies must take decisive action to reduce this stock of trade restrictions by showing restraint in the imposition of new measures and by effectively eliminating existing ones,” the report's authors wrote.

The report concluded that the overall trade policy response to the 2008 crisis was “significantly more muted” than had been expected.

“This shows that the multilateral trading system has acted as an effective backstop against protectionism,” the report said. “However, it is clear that the system can do more to drive economic growth, sustainable recovery and development.”

(See the full WTO news item)

In Featured Stories, Industry, News, Politics, World Tags trade agreements
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U.S. Investing in Advanced Manufacturing

October 29, 2014 Keenan Brugh

Launching this week, several executive actions are aiming to strengthen the economy through advanced manufacturing.  The Departments of Defense, Energy, Agriculture and NASA are announcing more than $300 million in new investments into three key technologies that are being called crucial to the industrial competitiveness of the United States: 1.) advanced materials including composites and bio-based materials, 2.) advanced sensors for manufacturing, and 3.) digital manufacturing.

The executive actions are building upon the recently-published report by the Advanced Manufacturing Partnership -- a national council of 19 leading CEOs, labor leaders, and university presidents co-chaired by Andrew Liveris, CEO of Dow, and Dr. Rafael Reif, President of MIT, collaborating with more than 100 industry and academic experts.

The final report is recommending measures that are encouraging innovation,  securing the talent pipeline, and improving the business climate. Click here to see the full .pdf, or view embedded below.

Chaired by Andrew Liveris, President, Chairman, and CEO of the Dow Chemical Company, and Rafael Reif, President of the Massachusetts Institute of Technology, the AMP Steering Committee includes:

  • Wes Bush, Chairman, CEO and President, Northrop Grumman Corp.
  • Mark Schlissel,  President, The University of Michigan
  • David Cote, Chairman and CEO, Honeywell
  • Nicholas Dirks, Chancellor, University of California, Berkeley
  • Kenneth Ender, President, Harper College
  • Leo Gerard, International President, United Steelworkers
  • Hon. Shirley Ann Jackson, President, Rensselaer Polytechnic Institute
  • Eric Kelly, President and CEO, Overland Storage
  • Klaus Kleinfeld, Chairman and CEO, Alcoa Inc.
  • Andrew Liveris, President, Chairman, and CEO, The Dow Chemical Company
  • Ajit Manocha, Senior Advisor, GLOBALFOUNDRIES
  • Douglas Oberhelman, Chairman and CEO, Caterpillar Inc.
  • Annette Parker, President, South Central College
  • G.P. “Bud” Peterson, President, Georgia Tech
  • Luis Proenza, President, The University of Akron
  • Rafael Reif, President, Massachusetts Institute of Technology
  • Eric Spiegel, President and CEO, Siemens Corp.
  • Mike Splinter, Executive Chairman of the Board, Applied Materials Inc.
  • Christie Wong Barrett, CEO, Mac Arthur Corp.

For more information about the Advanced Manufacturing Partnership, please visit:http://www.manufacturing.gov/amp.html

In Featured Stories, Industry, Manufacturing, Nation, Politics, Science & Technology Tags advanced manufacturing, economic growth, executive action
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U.N. Calling for Open Elections in Hong Kong

October 23, 2014 Keenan Brugh

HONG KONG - The United Nations Human Rights Committee called on China today to ensure universal suffrage in Hong Kong. The panel met in Geneva and issued a statement emphasizing that officials need to do more to make certain that people both have the right to vote and also the right to run for office.

Focusing on the Aug. 31st decision by China’s Communist Party-run legislature, the committee finds that the guidelines for the 2017 election would practically block anyone not approved by Beijing from even appearing on the ballot. Hong Kong residents have been reacting to the legislature's decision through large-scale popular protests. Despite tensions with both the police and with opponents of the pro-democracy movement, the heart of the city is still occupied by peaceful protesters.

“I hope that Beijing will be persuaded to revisit the issue... We always have to live in hope.” -Emily Lau, head of the Democratic Party in Hong Kong.

Hong Kong and Macau, both former colonies, became parties to the International Covenant on Civil and Political Rights prior to their returning to Chinese sovereignty in the late 1990s. That treaty, enforced by the United Nations, is a commitment to respect civil rights including the freedom of speech, freedom of assembly and the right to free elections. While the Chinese government in Beijing never ratified the treaty itself, it did agree that the treaty would continue to apply in Hong Kong and Macau after it resumed control of the territories.

The Human Rights Committee is tasked with reviewing how states are complying with the treaty. The United Nations has now officially said Hong Kong’s performance is “not satisfactory.” The Hong Kong government has two months to reply.

In City, Featured Stories, News, Politics, World Tags Hong Kong, Human Rights, United Nations, Universal Suffrage
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Colorado Gubernatorial Energy Forum

October 14, 2014 Jeff Wasden

LIVE - SENATORIAL AND GUBERNATORIAL ENERGY FORUMOCTOBER 14TH FROM 9:45 am TO 12:30 pm

The candidates will provide their views on the future of the Colorado energy economy, followed by a moderated Q&A session. A panel discussion focusing on the opportunities for Colorado business and jobseekers in the energy industry will also be held.

This forum is sponsored by:

Colorado Business Roundtable Consumer Energy Alliance Colorado Energy Coalition Vital for Colorado Farm Bureau Colorado South Metro Denver Chamber Colorado Motor Carriers Association Grand Junction Area Chamber of Commerce Action 22 - Giving voice to Southern Colorado Metro North Chamber of Commerce AABE - Denver Area Chapter Colorado Women's Chamber of Commerce CACI - Colorado Association of Commerce & Industry Denver South Economic Development Partnership Western Slope Club 20

In Energy, Featured Stories, Industry, Nation, Oil & Energy, Politics, State Tags Debates, Energy, Governor, senate
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Conflict Between Hamas and Israel Unfolding in Gaza

August 4, 2014 Dale Eisler

 If Ever the World Needed a Statesman or Stateswoman, It's Now!

If ever an issue defies a solution and challenges the concept of collaboration to its very core, it's the conflict between Hamas and Israel that is unfolding in Gaza. In fact, a person is hard pressed to imagine a confrontation more intractable. What we're witnessing has deep, deep roots in history, religion, identity, land and the very right of existence. It is filled with such resentment and sense of grievance from generations of conflict that any hope for finding a middle ground often seems both futile and hopeless. As a result the debate has polarized. It is characterized as black and white, with each side pointing to clear evidence of how the other side is at fault for what is a terrible situation. Somehow, somewhere, somebody has to rise above the conflict and help find a two-state solution that meets Israel's right to exist in peace, while providing a stable, independent and viable homeland for Palestinian people. If ever the world needed a statesman or stateswoman, it's now.

For a glimpse of the suffering, especially the many children in Gaza who are victims of an adult world dominated by people in positions of power incapable of goodwill, you can watch this video.

In Blogs, Featured Stories, Intelligence, Nation, News, Politics, World Tags Dale Eisler, Education
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Uganda Women Leadership Conference, Part 2

July 30, 2014 Jamie Van Leeuwen

U.S. Ambassador DeLisi is hopeful as he and his wife celebrated a group of young Ugandan fellows at their residence who will spend the summer in the United States growing their global networks to build film schools, launch small businesses and pursue careers in human rights.  The Honorable Minister Nsereko is hopeful about the public health partnerships we are forming together as she invited us to a ceremony in a rural province where they distributed some of the $400 thousand worth of medical supplies that we shipped over in partnership with Project Cure. And there is even hope for me that I will learn from my mistakes as my iPhone was stolen out of my hands once again as I sat in a cab with my window down in a Kampala traffic jam at night on the way to the airport.  There is hope that next time I will roll up my window like the taxi driver suggested!  Later that evening, I was reminded over a Skype back home that despite the “tragic” loss of my iPhone someone will at least eat better this week from its sale on the black market; a potent reminder that my very worst day is many people’s best.

 

 

The hope at the reception that the First Lady of Rwanda hosted for the Women’s Leadership summit as we arrived in Kigali was palpable.  A parliamentarian, a deputy chief of staff, a minister of youth services, the head of a foundation, all gathered to greet us; all women.   These are powerful women making positive change in a country with one of the largest percentages of women in parliament in the world.   There is hope that my own country can humble itself to learn from Rwanda where in 2014 there should be more than one woman running for President.  Jus’ sayin’!

 

uganda GLI

The 300 children from the local villages that we hosted at Entusi on the second day of our summit for a basic health clinic arrived with hope that someone would pay attention to them. And we delivered. Everyone left with something. More importantly, every child who made their way through the clinic felt important and felt welcome. They had a seat at the table. For many, this was the first time they had been ever invited anywhere.

 

 

 

And so, our Second Annual Women’s Leadership Summit concluded yesterday and as 20 extraordinary women began making their way back to their families and their work in Kampala and Kigali and Colombia and Nigeria and the United States, Africa had changed each of us.   It always does, right?

Despite the enormity of the challenges that confront us from girls in captivity to the unforgiving conditions of poverty; despite the very different backgrounds and life experiences of each of the women who came together over this past week; everyone left with something in common.  They all left with hope.

On Lake Bunyonyi at the Entusi Retreat Center on June 11th, there was a sense of hope that was so pervasive and so thick that you could almost touch it.

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In Blogs, City, Featured Stories, News, Politics, World Tags economic development, Education, innovation
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