By Allison Schrager – Interest rates have been so low that the potential long-term national economic benefit from improving US infrastructure, such as roads, airports, bridges, and internet access, could easily outweigh the cost of borrowing money to do it.
Now US president-elect Donald Trump is pushing forward with infrastructure plans rooted in such analysis. But there are two vitally important wrinkles to the argument to consider:
- The right kind of infrastructure spending will take several years to have any perceptible economic impact; there is no instant gratification here, given the nature of projects and the current low level of US unemployment.
- Interest rates are rising in anticipation of such spending, making borrowing to fund it more expensive.
The result is that the projects will ultimately cost more and, if the right projects are selected, any economic benefits will take longer to arrive.
It seems how well Trump’s infrastructure plan will work will depend on how patient he is. Given the state of the economy, boosting economic growth will require picking useful infrastructure projects. They have the potential to boost America’s productive capacity for years to come. more> https://goo.gl/vbypf1
Posted in Broadband, Business, CONGRESS WATCH, Construction, Economic development, Economy, Leadership, Transportation
Tagged Broadband, Business improvement, Capital, Congress Watch, Government, Infrastructure, Jobs, United States
By Rob Spiegel – The real world isn’t what it used to be when it comes to testing. Simulation has created a world of new product testing that puts products through scenarios that cannot be duplicated by prototypes in the real world.
Instead of just testing an actual part physically, simulation can test an entire complex product – like a car – and see how each part performs in conjunction with the entire product – a form of accurate testing that can’t be done in the real world.
The exception is with composites and some 3D-printed parts. There is not enough data on the new materials and 3D-printed shapes to provide accurate simulation. That’s temporary, however. The data from the physical testing of composites and 3D shapes are getting fed into simulation programs so those programs can begin to include new materials and shapes into the digital world of simulation.
Simulation used to be a side function, something done after preliminary design to see how the product performs in the real world. Simulation has moved to the center of the process so the product’s performance can be evaluated as it is being designed. more> https://goo.gl/72FE3N
Posted in Broadband, Business, Economic development, Economy, Education, Net, Product, Science, Technology
Tagged Broadband, Business improvement, Industrial economy, Internet, Jobs, Productivity, Simulation, Technology