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To: Alex who wrote (29913)	3/13/1999 10:57:00 AM
From: Ahda	Respond to of 116762

I picked this Alex to only give myself more confusion. So do i look to Germany who absorbed a whole country and survived. Dont think we are balanced salarly wise, appears all at the top. Course i should know one can always use stilts. Posted at 8:02 p.m. PST Sunday, March 7, 1999 The R&D Race Why leadership by the U.S. government is vital to increased investment in the technologies of tomorrow BY JOHN DOERR, ART LEVINSON AND JIM BARKSDALE A funny thing happened on the way to the new millennium: The American economy hit its best stride in 20 years. Unemployment is at low levels not seen since the 1960s. Inflation is nearly non-existent. The stock market is booming. The federal government is actually running a surplus. Just five years ago, predictions of such a rosy scenario would have been dismissed as the fantasy of a pie-eyed optimist, or perhaps a venture capitalist. But in the age of the new economy, an age defined by extraordinary advances in technology, the impossible has become reality. Today, new-economy businesses, including the microchip, personal computer, Internet and biotechnology industries, are responsible for more than 40 percent of U.S. GDP growth. More than 8 million Americans are employed in high tech, with salaries averaging nearly 70 percent above the national average. With stock options and purchase plans distributed generously to most employees, these leading-edge companies have achieved significant levels of employee stock ownership while delivering outstanding returns to investors. Advances in technology have significantly improved our quality of life, with life-saving drugs, innovative medical devices, superior surgical techniques and literally a communications revolution. The end of the Cold War removed much of the urgency that once drove federal investment in research. Between 1987 and 1995, federal funding for research decreased an average constant dollar rate of 2.6 percent per year, according to the Council on Competitiveness. Today, the governments of Japan and Germany invest twice as much (as a percentage of GDP) on research as the American government.