Shutdown Will Haunt Federal Workforce for Years

While the federal government has fully reopened, at least through mid-February, its recent partial shutdown is poised to inflict significant long-term harm to its workforce.

The shutdown has tarnished one of the main attractions of working for the federal government: Job stability. Unlike the private sector, the federal government can’t go out of business and doesn’t typically lay people off. But with the threat of future shutdowns always a possibility in the current political climate, that perk is now greatly diminished. Continue reading “Shutdown Will Haunt Federal Workforce for Years”

What’s the Deal with the Green New Deal?

Freshman House Rep. Alexandria Ocasio-Cortez (D-NY) and some of her colleagues have made news recently by calling for a “Green New Deal” to combat climate change. Hearkening back to President Franklin Roosevelt’s aggressive countermeasures designed to pull the country out of the Great Depression, the Green New Deal sounds bold and dramatic. Speaking at a town hall meeting in December, Ocasio-Cortez called the plan “the New Deal, the Great Society, the moon shot, the civil rights movement of our generation.”

A draft bill calls for “meeting 100% of national power demand through renewable sources … eliminating greenhouse gas emissions from, repairing and improving transportation and other infrastructure … [and] eliminating greenhouse gas emissions from the manufacturing, agricultural and other industries.” What’s more, the bill calls for achieving these goals by the year 2030. Continue reading “What’s the Deal with the Green New Deal?”

How Apple is Gearing Up for A New Era in the Smartphone Market

Have you been hanging onto your smartphone for longer than two years? You’re not alone. More and more folks are holding off on upgrades as new models come with eye-popping price tags and old models last longer. By traditional industry metrics, a phone three to four years old is downright ancient. And if the phone in your pocket is from 2014, you’re giving smart phone executives serious heartburn.

With the market saturated, folks upgrading less frequently, and sales declining in all-important China, vendors can’t count on strong sales growth in coming years. Long after the U.S. and other developed markets had seen sales plateau, China was still going strong with its rising middle class scooping up phones at a rapid clip. Now growth in China has dried up. Quarterly sales in the country have been declining for more than a year. Continue reading “How Apple is Gearing Up for A New Era in the Smartphone Market”

Breakthrough Cellular Upgrade Sets Up Wireless Sector for Rapid Growth

Every December The Kiplinger Letter publishes a Year-End special issue that dives deeply into one topic, ranging from demographic changes to robotic advancements. Last month, we focused on which segments of the economy will do well over the next five years.

For Alerts subscribers, we wanted to share some of that analysis. Below is an overview of 5G’s rise through 2023.

This year marks the start of commercial 5G, the next global standard of cellular communications after 4G. Hype around 5G is already intense. But make no mistake: 5G technology is a real breakthrough.

Over the next five years, the wireless upgrade will add tens of billions of dollars to the economy and create hundreds of thousands of jobs. 5G promises speeds 10 to 100 times faster than today’s networks, the capacity to connect 100 billion things to the internet and far less lag time for applications that require near-instant communications. Continue reading “Breakthrough Cellular Upgrade Sets Up Wireless Sector for Rapid Growth”