Albert Einstein once joked that the “secret to creativity is knowing how to hide your sources.” Testifying to the broad meaning of this much-repeated line, relativity as a concept and a principle did not start with Einstein in 1905 but with Galileo in 1632. Principles, however, are just raw mat
A few years ago, many (if not most) energy analysts expected that U.S. oil production would continue its secular decline as older oil fields played out and as finding and developing new production capacity became increasingly difficult and expensive. At the same time, long-run projections showed U.S. oil consumption expanding over time as both the economy and population grew. Both projections have been stood on their head; the trends in production and consumption over the last five years dramatically illustrate how quickly the U.S. oil situation has reversed course.
The Equal Employment Opportunity Commission recently issued a final rule that contains a non-exhaustive list of evidentiary factors employers could present when asserting one type of defense against claims of disparate impact age discrimination brought under the Age Discrimination in Employment Act. Significantly, the rule will likely prompt many employers to follow specific practices when they are implementing policies and procedures that could adversely impact older workers and thus maximize their chances of establishing a successful defense to possible ADEA claims.
Innovation isn't really valuable unless someone is willing to pay for it. There are a variety of ways to measure the success of new products, but one of the most widely used is product vitality. This metric tracks revenue from new products as a percent of total revenues.
As of late, a myriad of concerns about shortcomings in the U.S. workforce have taken center stage in the post-crisis U.S. dialogue. While labor market activity has improved modestly since the end of 2011, persistently sluggish U.S.
The following is an analysis from Daniel J. Meckstroth, Ph.D., Vice President and Chief Economist for the Manufacturers Alliance for Productivity and Innovation (MAPI), regarding the Institute for Supply Management (ISM) index for April 2012.
China produces some 95% of rare earths but controls less than half of the global resource base. The country achieved this dominant position by lowering prices. Attractive pricing and the ability to avoid environmental consequences associated with mining and processing rare earths essentially prompted other countries to cede such operations to China.