I was reading a facebook post from a family member this last week and there was disdain for the media and all the negative news being reported and my sister-in-law was asking herself why she watches the news any longer?
I believe we need to keep an eye on what is going on, but that we should not allow ourselves to get “Stuck in a Moment”. The moment is the problem, we should not fixate ourselves on the problem. This is easier said than done. We have plenty of challenges (problems) and each one deserves our attention.
To that extent, I attended the Economic Breakfast being held at the University Research Park in Madison this last Thursday. Three presentations were made, that being:
1. The mission of the Wisconsin Institutes for Discovery. This is unique to the central part of the United States as it is the only facility of its type not found on the east and west coast. Our state is one of the leading contributors to R&D in the country and our state receives roughly $1B in federal research grants putting us in the top 3 in the country. The mission is to improve medical science. Two thirds of the investment capital to build the facility did not come from the taxpayers of our state. The co-founders of Cisco Systems (UW Madison) graduates donated the first $50M. http://discovery.wisc.edu/discovery
2. The R&D effort taking place by Vestas, a leading provider of Wind Energy Solutions which is headquartered in Denmark. They have two R&D facilities in the United States. They recently opened a R&D facilty in Madison and Texas. They want to make energy systems to put wind on par with oil and gas. Why UW Madison? It is a thought leader in Power Electronic Converters, Electromagnetic Designs and the Design of Controls for Power Electronics and Machines. http://www.vestas.com/
3. The BioAg Gateway being planned in Madison, WI http://www.bioaggateway.com/
Significant contributions from many organizations in the greater Madison area exist, for instance Orbitec a private sector example. Orbitec has performed and delivered contracted (funded) research to NASA and the Department of Defense is an anchor for the facility. These are two examples of things they are working on:
- how to grow food in space (or other controlled environments)
- how to replace Kevlar with materials that offer greater protection to our service personnel.
There was a lot of negative news about the use of corn in ethanol driving up the price to the consumer. Getting past the currnet pain, image food crops (like corn) being grown for use in energy creation or new pharmaceuticals and the food being grown in giant warehouses that are 40 stories high allowing food to be grown year-round? Imagine solutions that allow this to occur without it impacting existing food crops grown for human consumption?
These are many examples of the work being done to solve problems we have and it is only the beginning.
Imagine a country where each insurance company is regulated by one federal agency versus being regulated at each state. We regulate the stock market with the Security Exchange Commission yet we let each state regulate insurance. I believe momentum to change that from the states to federal is one that can make the playing field equal for all companies and help the consumer. This is not the federal health insurance agenda, but the agenda of reducing the costs of being in different markets. Wisconsin is a strong player in the insurance sector and I believe it would be better for our companies to enter new markets if we did not have all of the BS from each state regulator to deal with. How can you create large efficient companies, when every market you enter has so many unique rules you need to understand? This is one of the areas that makes fiscal sense, but never gets discussed in the grand scheme of things. Wouldn’t this burden, with one oversight agency cost less to operate and supervise, than what it costs each of the 50 states to do this today? Let’s see the cost-benefit ratio for the taxpayers on this one?
I’ll stop my blog post at that! I believe every problem has a solution, and we need to focus all our efforts on the solution. We can do it!
Special thanks to the inspiring lyrics from U2 and the song “Stuck in a Moment” selected lyrics pasted below:
I’m not afraid
Of anything in this world
There’s nothing you can throw at me
That I haven’t already heard
I am still enchanted
By the light you brought to me
I listen through your ears
Through your eyes I can see
And if the night runs over
And if the day won’t last
And if our way should falter
Along the stony pass
It’s just a moment
This time will pass
Posted by aberdeanjim