American Chemical Society

Guest blog post by the American Chemical Society. How has the Super Bowl’€™s economy-driving market impact grown thanks to scientific research? Can a value be placed on innovation? What is the economic impact of science and technology research? What is the return on investment of research and development? These questions were addressed at the January 30, 2014, American Chemical Society Science & the Congress briefing, Measuring Economic Growth: R&D Investments , held on Capitol Hill. Moderated by the National Academies’€™ Stephen Merrill, PhD, panelist Steve Landefeld, PhD, of the Bureau of Economic Analysis spoke on how R&D numbers are now included in gross domestic product...
Dear Research Advocate, As our nation edges toward the fiscal cliff, the White House and House Republican leadership have been trading offers. The most recent Republican plan includes additional cuts to discretionary spending ’€” another $300 billion. These newly proposed discretionary cuts are significantly less than the across-the-board approach of sequestration, but suggest that ’€” absent a strong shift in the winds ’€” more discretionary spending cuts will be part of any final, compromise plan. It is highly unlikely that any final plan will be hammered out until next year; the president indicated as much in remarks he made Tuesday. The best guess is that policy makers will coalesce...

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