Intel CEO: U.S. faces looming tech decline

[Denny Crane]

http://news.cnet.com/8301-13578_3-20014563-38.html?tag=mncol;1n

Intel CEO: U.S. faces looming tech decline

ASPEN, Colo.--Intel Chief Executive Officer Paul Otellini offered a depressing set of observations about the economy and the Obama administration Monday evening, coupled with a dark commentary on the future of the technology industry if nothing changes.

Otellini's remarks during dinner at the Technology Policy Institute's Aspen Forum here amounted to a warning to the administration officials and assorted Capitol Hill aides in the audience: unless government policies are altered, he predicted, "the next big thing will not be invented here. Jobs will not be created here."

The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth."

 

[EL PRESIDENTE]

need more H1Bs. get the talent over here.

woot.

 

[Denny Crane]

Hostility to business, unemployment highest where the minimum wage is highest, and the shift of wealth he's talking about is US going from #1 in most things to behind many other countries in most things.

 

[EL PRESIDENTE]

America is basically now a country of hucksters.

 

[Paxil]

Gee... the story I heard yesterday from intel was that more and more PC devices are being replaced by smartphones, IPads etc... and that combined with the job loses (less jobs = less PCs) = less money for intel. Gee I can't wait to work for Intel. Sighs. How about just follow the wave Intel... instead of complaining about it.

 

[OSUBlazerfan]

I dont get it......

He is just trying to set the bar lower, i know

 

[OSUBlazerfan]

Although he made good points on the current Administration

 

[Eastoff]

Hostility to business, unemployment highest where the minimum wage is highest, and the shift of wealth he's talking about is US going from #1 in most things to behind many other countries in most things.

when were we number one, besides economy and obesity, in the last 12 years?

 

[BrianFromWA]

Military. Charitable giving. Foreign Aid. Medical breakthroughs.

For starters.

 

[MARIS61]

Can we merge this with the Trilateral Commission thread?

 

[jlprk]

Among all nations, America has the highest rate of obesity and highest rate of diabetes.

Among all developed nations, America has the 8th highest crime rate per 1000 people: http://www.nationmaster.com/graph-T/cri_tot_cri_percap

7th highest suicide rate per 1000 people:
http://www.nationmaster.com/graph-T/cri_sui_rat_in_age_15_24

#6 in assualts per 1000 people:
http://www.nationmaster.com/graph-T/cri_***

#24 in murder per 1000 people (notice U.S. is the first 1st world, or developed, nation listed):
http://www.nationmaster.com/graph-T/cri_mur_percap

68th highest literacy rate, in %:
http://www.nationmaster.com/graph-T/edu_lit_tot_pop

The average American does NOT make the most money in the world:
http://www.nationmaster.com/graph-T/eco_gdp_percap

Our life expectancy is 77.14 years. Not bad. But that's good for #48:
http://www.nationmaster.com/graph-T/hea_lif_exp_at_bir_tot_pop

Read #20 here:
http://moses.creighton.edu/JRS/2005/2005-11.html

Last but not least... The Human Development Index: 10th.
http://www.infoplease.com/ipa/A0778562.html

health care
http://www.nationmaster.com/graph-T/hea_lif_exp_at_bir_tot_pop

Life expectancy isn't the highest, though.

And what good does healthcare do when:
http://www.nationmaster.com/graph-T/hea_obe

Here's an immigration chart.
http://www.newsbatch.com/imm-topfive.html

39% of Americans holding a doctorate degree aren't American-born. http://www4.nationalacademies.org/news.nsf/isbn/0309096138?OpenDocument

 

[OSUBlazerfan]

WSJ agrees with Mr. Paul

Obamaonmics are failing

Actually, we wish they were flummoxed. Our sense is that President Obama and his advisers believe their own advertising that the stimulus has been a smashing success, that tax rates don't matter to investment, and that CEOs are merely self-interested rich guys who want to get richer. The country needs more CEOs to speak up to break them from their destructive illusions.

http://online.wsj.com/article/SB10001424052748703959704575453803561625516.html?mod=googlenews_wsj