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.
Samsung's Galaxy line of smartphones used to fare quite well in the repairability department, but last year's flagship S5 model took a tumble, scoring a meh-inducing 5/10. Will the newly redesigned S6 lead us back into star-studded territory, or will we sink further into the depths of a repairability black hole?
In 2003, the world contained just over 500 million Internet-connected devices. By 2010, this figure had risen to 12.5 billion connected objects, almost six devices per individual with access to the Internet. Now, as we move into 2015, the number of connected 'things' is expected to reach 25 billion, ultimately edging toward 50 billion by the end of the decade.
NASA engineer Brian Trease studied abroad in Japan as a high school student and used to fold fast-food wrappers into cranes using origami techniques he learned in library books. Inspired by this, he began to imagine that origami could be applied to building spacecraft components, particularly solar panels that could one day send solar power from space to be used on earth.
Biomedical engineering is one of the fastest growing engineering fields; from medical devices and pharmaceuticals to more cutting-edge areas like tissue, genetic, and neural engineering, US biomedical engineers (BMEs) boast salaries nearly double the annual mean wage and have faster than average job growth.
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