1. The Coming Global Triumph of Communications and the Threat to American Standards of Living VON.x Conference and Expo- Industry Perspective Panel March 18- 2008 Reed Hundt

3. U.S. HOUSEHOLD WEALTH DECLINES $ Billions Source: Financial Times.com, March 6, 2007 3Q 07 57,718 4Q 07 -1% 58,251 57,718

13. If firms don’t invest in America, they may invest in job creation in other countries Source: New York Times “ In the United States, nonresidential fixed investment as a percentage of GDP fell to 11.56% in 2005 from 12.55% in 2000” 27 Text Text Text

16. China United States 1990 international dollars Source: Maddison (2001) American per capita GDP has soared for nearly 200 years

17. Qianlong Emperor, 1793 "We have never valued ingenious articles, nor do we have the slightest need of your country's manufactures."

21. Source: U.S. Census Bureau Employment size Employment Employer firms covered in Statistics of U.S. Business 2,500 employees or more Firms 5,657,774 3,634 115,061,184 43,877,243 Employers (firms with payroll) – 5,541,918

23. Source: Peter Drucker “ Innovation in Schumpeter’s famous phrase is also ‘creative destruction’ . It makes obsolete yesterday’s capital equipment and capital investment.”

25. In the 90s, births > deaths by 1-2% . . .

30. Source: The New York Times Goal: achieve the employer-to-employer mobility rates and income levels of Silicon Valley: both about 40% higher than the U.S. average