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« WSJ: Galleon and the Trouble With Insider Trading | Main | WSJ: Bernanke's Exit Strategy »

December 26, 2009

Comments

Hamish MacEwan

I found the headline quite misleading. For example digging fibre trenches is a shovel job, and fibre network deployments can be "shovel ready."

All good ideas.

Cameron Newland

I like the spirit of your post, but I find three things necessary to comment on.

First, wireless lightpoles would be doomed to failure. Municipal wireless networks have notoriously low adoption rates, and even slower throughput. You yourself admit that even new wireless technologies are not fast enough. To make your post more convincing, I think you ought to redact the wireless lamp-post portion. Stick with fiber, that's where the future (and the productivity) is.

Also, do remember that electronic medical records absolutely are already running in my (if not most) medical systems in the country. They're already delivering cost savings and productivity increases, though I admit they are not completely ubiquitous, nor are they completely standardized.

Lastly, I think it's important that you draw a line between infrastructure spending projects and next-generation/productivity/technology spending projects, but you err in saying that one is more important than the other. When you neglect infrastructure (think Katrina, or the decaying dams of the Ohio River), you destroy plenty of wealth. Don't think that the "new economy" is more important than the "old economy". After all, we still need a functioning 'old economy' infrastructure if we're to maintain our leadership in innovation, technology, and productivity.

David MD

1. Aggressive anti-smoking campaign. NYC has 8.5 percent teen smoking rate and helped 350,000 adults to quit dropping adult rate from 21 percent to less than 16 percent on target for 12 percent for 2012. Implement this plan nationwide which includes spending CDC recommended amount of money fighting smoking in the US.

2. Clean up air pollution for 460 coal powered electric plants. According to a recent National Academy of Sciences report $120 billion in health care costs from air pollution half of that from coal powered power plants and have from motor vehicles. 20,000 to 50,000 premature deaths per year from particulate matter from air pollution. 4,000 premature deaths per year from asthma and allergies. One in four emergency room visits from asthma and allergies.

3. Cash for clunkers for heating plants in buildings in cities that use older, more polluting fuel oil replacing those old heaters with newer, cleaner burning heaters. NY City has many of its great buildings heated by steam and perhaps the steam tunnel system should be extended so as to reduce the amount of air pollution. Today much of that steam is generated by coal (which can be cleaned up) but in the future by nuclear or other clean air technology.

4. High speed rail between Philly and NY City. Only 80 miles by air, Philly should be 1/2 hour away "suburb" of NYC.

5. High speed rail (like in France with TGV) in Northeast corridor and other key places in the country.

6. Changing delivery vehicles and taxis, etc. to electric/ electric hybrid.

SpyBoy

Greetings,

Yeah But, there is a very real need in this country, at every level; local, State, and Federal, to address the substantial problem of infrastructure deterioration. Our ( publicly-owned and operated ) bridges, tunnels, subways, water delivery systems, electrical power distribution grid, etc., need to be repaired and rebuilt. To these physical structures, and the humans who depend on them, the fact the, generally, we have moved to a knowledge/information based economy, is irrelevant. While there is a move towards privatization ( or public-private hybrid models ) of many of these infrastructures, in which private corporations would assume some responsibilities for such repairs, it is clear that the majority of the expense for this effort will be born by the taxpayers. I think it is imperative to keep that in mind as one thinks about best practices in application of these subsidies.

Sand prince

Allow non Americans to get a 3year green card provided

1. They buy a house worth 1,000,000 million dollars and do not rent it out for 3 years

2. They Agree not to work in the USA till they become citizens

3. Allow them to become citizens after 3 years if

a. they have not broken the law
b. Have not sold their house
c. Have bough private medical insurance every year.If they havent the are thrown out

Your 10,000,000 home will be gone and the money coming in in will be

TomOfTheNorth

Mr. Kessler,

Thanks to the Skeptical Market Observer - http://scepticalmarketobserver.blogspot.com/ - I caught your 12/25 WSJ OpEd today. It was a wonderfully rational antidote for my increasing frustration at the misdirected focus of our National Legislators. However even in your comments section one can see people often have a hard time comprehending the bigger picture. That said, there are no bad ideas here, however many are not investments of a 'jump start' nature. Furthermore, your critics apparently miss that your list tends to increase the likelihood of 'new economy' expansion - i.e. that broadening access to enabling technologies will unleash greater innovation. Well done!

akolea

Better late then never on my post....give Apple 1/2 the annual budget that we spend on Education and Healthcare and have them design the best, most innovative and sustainable systems and they get to pocket whatever they save. Give them 2 years to design, implement and innovate this idea immediately.

Thomas Sabo Australia

Cash for clunkers for heating plants in buildings in cities that use older, more polluting fuel oil replacing those old heaters with newer, cleaner burning heaters. NY City has many of its great buildings heated by steam and perhaps the steam tunnel system should be extended so as to reduce the amount of air pollution. Today much of that steam is generated by coal (which can be cleaned up) but in the future by nuclear or other clean air technology.

חדרי מלח

Thanks Buddy! I hope you enjoyed our “India” and “Indian culture a lot”, which even made you to forget updating your own website.
Any ways good luck “Mark” for your new ventures, but keep updating your site, because there are many interesting topics among which I like marketing and economic development…

Nike Free 3.0 V2

monochrome monotony. The herringbone the slippers head and Rome wind heel integration as the main material,

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