Palestinians uncertain as FIFA, UEFA step in to save soccer pitch from Israeli demolition    House panel votes to hold Clintons in contempt in Epstein probe    Trump backs off tariffs threat, says Greenland deal framework reached    Saudi Arabia signs agreement with World Economic Forum to accelerate industrial transformation    Over 78 million faithful visit Two Holy Mosques in a month    Saudi FM meets British, French counterparts in Davos    Northern Saudi cities record coldest temperatures of winter as mercury drops to –3°C    Arab coalition condemns deadly attack on Giants Brigades commander in Yemen    Sha'ban crescent sighted Tuesday    Saudi POS transactions reach 236 million, SR4bn in one week    Al-Khateeb highlights Saudi-UN partnership to shape quality of life in future cities    122 million tourists spend SR300 billion in Saudi Arabia in 2025    Italian fashion legend Valentino dies at 93    Saudi orchestra brings 'Marvels of Saudi Orchestra' to AlUla with 107 musicians    Katy Perry makes Saudi debut at Joy Awards, praises Saudi design and hospitality    Hail wins Guinness World Record with largest off-road production cars convoy    SFDA approves registration of 'Anktiva' for treatment of bladder and lung cancer    Saudi Darts Masters 2026 to offer record $200,000 prize for nine-dart finish    Al Taawoun condemn "repeated refereeing injustice" after late penalty defeat    British boxer Anthony Joshua discharged from hospital after Nigeria car crash    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Innovation key to US recovery: Obama
JIM KUHNHENN
Published in The Saudi Gazette on 31 - 01 - 2011

WASHINGTON: President Barack Obama is promoting business innovation as a building block to more jobs, part of a retooled economic message that aims to highlight advances in the private sector over expensive government programs.
With a Wisconsin energy company as a backdrop, Obama used his weekly radio and Internet address Saturday to prod the business community to help speed up an economic recovery that is still beset by high unemployment.
“That's how America will win the future – by out-innovating, out-educating and out-building our competitors,” he said. Obama taped the message Wednesday at Orion Energy Systems, a Manitowoc, Wisconsin, company specializing in solar power and energy-efficient technologies. The innovation pitch is part of a broader White House effort to move away from the high-dollar spending the administration relied on to pull the economy out of recession to a leaner, business-friendly strategy focused on making the US more competitive in the global marketplace.
Last week, Obama made a case for freer trade as a prescription for US job growth and said the nation must emphasize efforts to open markets abroad. Next week, the president will continue his role as a booster of American innovation.
He plans to discuss innovation with technology business leaders Tuesday and has scheduled a visit Wednesday to Pennsylvania State University, which is involved in an Energy Department program on energy-efficient buildings.
Orion and the Penn State program offer Obama the types of examples in green technologies that he argues are not only key for competitiveness but also for greater energy independence.
Obama is proposing a tax credit for companies that undertake research and has set a goal that 80 percent of the nation's electricity will come from clean energy sources by 2035.
“This is going to help spark innovation at businesses across America,” he said. “This is going to spur new products and technologies. This is going to lead to good, new jobs.”
Obama is working to build support for greater government spending in education, infrastructure and research – initiatives that face skeptical congressional Republicans but that could win over the business community. Obama also called for a freeze in spending in his State of the Union address Tuesday and proposed reorganizing parts of the bureaucracy to make government more efficient.
“We have to reform our government and cut wasteful spending ,so that we eliminate what we don't need to pay for the investments we need to grow, like education and medical research,” he said in his address Saturday.
In the Republicans' weekly address, Sen. Ron Johnson of Wisconsin said that to fix an ailing economy, the US must address the “ever expanding” size and cost of governing the country.
“I hope the president and his allies in Congress accept a simple truth: Big government is blocking job creation, not helping it. The sooner Washington ends its dependence on more spending, the sooner our economy will see real growth,” he said.


Clic here to read the story from its source.