| Eugene David ...The One-Minute Pundit |
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Tuesday, June 07, 2011
A PANACEA FOR OUR ECONOMY:
Northeast Ohio is among a growing number of regions that are combating the loss of traditional factory jobs by developing industry clusters in fields such as biomedicine [government support, check], renewable energy [check] and aerospace [check]. Besides medical devices, the Cleveland area — a more than century-old stronghold for auto, rubber and glass making — aims to carve out niches in clean energy [check] and flexible electronics [since it sounds weird -- check]. Wow! A 1.000 BATTING AVERAGE! Now, the federal government is stepping in. President Obama's fiscal 2012 budget proposes a competition to identify 20 potential clusters that would receive a share of $2.5 billion in financial incentives. A separate program involving 16 U.S. agencies aims to advance existing industry hubs. With a report Friday showing job growth slowing, officials say funding for innovation is needed to expand payrolls. CHECKS!
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