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IN RECENT days China set the record for the world's fastest long-distance bullet train, which hurtled between Beijing and Shanghai at 350kph (217mph). This was a triumph of industrial policy as much as of engineering. China's first high-speed trains started rolling only a decade ago; today the country has 20,000km of high-speed track, more than the rest of the world combined. China could not have built this without a strong government. The state provided funds for research, land for tracks, aid for loss-making railways, subsidies for equipment-makers and, most controversially, incentives for foreign companies to share commercial secrets.High-speed rail is a prime example of the Chinese government's prowess at identifying priority industries and deploying money and policy tools to nurture them. It inspires awe of what it can accomplish and fear that other countries stand little chance against such a formidable competitor. Yet there have also been big industrial-policy misses, notably...Continue reading
WASHINGTON, D.C. - Family Research Council (FRC) and Susan B. Anthony List (SBA List) today announced their shared support of the FY17 reconciliation legislation to repeal and replace Obamacare sponsored by Sens. Lindsey Graham (R-S.C.) and Bill Cassidy (R-La.). The Graham-Cassidy legislation would reapply to federal health care law the principle contained in the Hyde Amendment that abortion is not health care and should not be subsidized. It redirects taxpayer funding away from abortion businesses like Planned Parenthood and provides better state-based health insurance solutions for families than Obamacare....
WASHINGTON, D.C. - Family Research Council (FRC) and the Jewish Institute for Global Awareness issued a joint statement today questioning the Southern Poverty Law Center's deafening silence regarding an anti-semitic incident that took place this week at Tufts University. On Monday, the Washington Free Beacon reported that the university's Facebook page published a "a student-made handbook that condemned the campus Jewish center for supporting Israel, which the guide called a 'white supremacist state.'" University administrators later removed the handbook from its social pages....
WASHINGTON, D.C. - Family Research Council (FRC) along with the North Carolina Values Coalition have submitted a joint amicus brief in the case of Masterpiece Cakeshop v. Colorado Civil Rights Commission, which is currently before the U.S. Supreme Court. This case arose when Masterpiece Cakeshops' owner, Jack Phillips, was sued after respectfully declining to decorate a wedding cake celebrating a same-sex ceremony....
Recycling existing ideas (with subtle new twists) is easy, but what customers really want is new data they've never seen before.
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