Steve LeVine

The US is putting up relatively meager competition in a potent new global tech race that, combined with the wave of go-it-alone nationalism led by President Donald Trump, is reshaping global politics and may lead to war, according to a major new report.  In the late 1950s, the US, facing a similar momentous challenge in Sputnik, threw all its resources into a single-minded effort to dominate the future.

Very few Americans have enjoyed steadily rising pay beyond inflation over the last couple of decades, a shift from prior years in which the working and middle classes enjoyed broad-based wage gains as the economy expanded. Now, executives of big US companies suggest that the days of most people getting a pay raise are over, and that they also plan to reduce their work forces further. John Stephens, chief financial officer at AT&T, said 20% of the company's employees are call-center workers. He said he doesn't need that many.