December 24, 2011

Mayor Michael Bloomberg, Cornell University President David Skorton, and Technion-Israel Institute of Technology President Peretz Lavie announced an historic partnership to build a two-million-square-foot applied science and engineering campus in New York City. "this outstanding partnership from Cornell and Technion, New York City's goal of becoming the global leader in technological innovation now within sight" says the mayor.

December 24, 2011 | Innovation America

The White House said speeding up the technology transfer process will make more efficient use of the roughly $147 billion the federal government invests in research and development every year. Tom Kalil, deputy director for policy in the White House’s Office of Science and Technology Policy, said Obama views federal tech transfer as a cornerstone of America’s economic turnaround.

December 22, 2011 | New York Times

As the fourth quarter draws to a close, a spate of unexpectedly good economic data suggests that it will have some of the fastest and strongest economic growth since the recovery started in 2009. But the good news also comes with a significant caveat. Many forecasters say the recent uptick probably does not represent the long-awaited start to a strong, sustainable recovery.

December 23, 2011 | Bloomberg/BusinessWeek

The Valley's techies live in a bubble of prosperity. Optimism has its advantages, but some worry the region may lose touch with the rest of the world