Look for a pronounced slowdown in economic growth in 1998. That's the prediction presented by Reed Elsevier Business Economics (formerly Cahners Economics) in its "Economics Outlook for 1998." The report sees GDP rising by an inflation-adjusted 2.3% in 1998 from the heady 3.7% 1997 level. Moreover, interest rates should be somewhat higher this year, as the Federal Reserve Board "pursues a marginally tighter monetary policy." Three major trends bear watching during 1998, the report warns. All will have some moderating influence on the U.S. economy's growth potential: a pronounced slowdown in the growth rate of business investment spending; high levels of consumer debt, particularly installment debt; and an uptick in inflation brought about by increased average wage demands resulting from historically low levels of unemployment. On the industrial front, Reed Elsevier expects only moderate growth in 1998. Output gains will increase 3.4%, with capacity utilization declining modestly to 82.7% (from 1997's average of about 83%). U.S.-based international trade should continue to make an important contribution to the overall growth in GDP, say the Reed Elsevier economists, expanding by a solid 8.3% this year. To obtain a copy of the report, phone (800) 662-7776.
The promise of the Internet of Things (IoT) is that devices, gadgets, and appliances we use every day will be able to communicate with one another. This potential is not limited to household items or smartphones, but also things we find in our yard and garden, as evidenced by a recent challenge from the element14 design community.
If you didn't realize that PowerPoint presentations are inherently hilarious, you have to see Don McMillan take one apart. McMillan -- aka the Technically Funny Comic -- worked for 10 years as an engineer before he switched to stand-up comedy.
The first Tacoma Narrows Bridge was a Washington State suspension bridge that opened in 1940 and spanned the Tacoma Narrows strait of Puget Sound between Tacoma and the Kitsap Peninsula. It opened to traffic on July 1, 1940, and dramatically collapsed into Puget Sound on November 7, just four months after it opened.
Focus on Fundamentals consists of 45-minute on-line classes that cover a host of technologies. You learn without leaving the comfort of your desk. All classes are taught by subject-matter experts and all are archived. So if you can't attend live, attend at your convenience.