Virtually all U.S. advanced electronics, as eminent chemist Arthur Robinson reported last month in his newsletter Access to Energy, are dependent on rare earth elements used to enhance the performance of microchips and held in a near global monopoly by the Chinese firm Baotou Steel Rare-Earth Hi-Tech Company in Mongolia.
Second, we need to make America the most attractive place on Earth for high-tech services and manufacturing jobs and to accelerate foreign direct investment in the U.S. Finally, we need to address the competitiveness of America's infrastructure.
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If anything, there has been a marked sharpening of Europe's tone towards China over economic issues: the value of the yuan, European firms' access to the Chinese market, restrictions on the export of rare-earth minerals essential to high-tech industries and China's acquisition of western intellectual property, by fair means or foul.
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Asian tech hubs are full of scientists and engineers busily working on the next breakthrough be that the long-hoped for cure for cancer or a clean tech discovery to save the earth.
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Where once the West relied on China's lack of environmental enforcement to tamp down rare-earth prices and implicitly subsidize high-tech goods, in the future the nature of the subsidy will change so that China's cheap(er) labor will subsidize Western mid-tech goods.
Ironically, the value of such high-tech achievements might be laid low by down-to-earth political disputes between the allies.
Ironically, these high-tech achievements might be laid low by down-to-earth political disputes over whether Japan would intercept a U.S.-bound missile.
This case involves something called rare earth materials, which are used by American manufacturers to make high-tech products like advanced batteries that power everything from hybrid cars to cell phones.
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Right now, though, one of the high tech toilets - the one built in Russia - is orbiting the Earth on the international space station, and, as NPR's Nell Greenfieldboyce reports, it's partially broken.
New techniques have been developed to "sidetrack" a well when the pipe gets stuck or to control the pressures and temperatures found five miles down into the earth's crust with blow-out preventers and special purpose high-tech drilling rigs.
Why on earth is Alan Greenspan so irked about equi-ties, particularly those of high-tech companies?
Why on earth is Federal Reserve Chairman Alan Greenspan so irked about equities, particularly those of high-tech companies?
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