fact of the week logo image

America's roadways experience 5.5 million traffic accidents per year. The toll they take is immense: approximately 35,000 fatalities annually (almost 100 per day) and close to $1 trillion in economic losses. The $277 billion in direct costs alone are equivalent to approximately $897 for eachperson living in the United States, or 1.9 percent of U.S. GDP. With human error the "definite or...

U.S. manufacturing value added has still not recovered from the Great Recession. In fact, excluding computer and electronics, from 2007 to 2012, real value added produced by durables manufacturing fell by 2.9 percent while non-durables fell by 10.6 percent.  Meanwhile, economy-wide real value-added has grown by 4 percent. The lag of manufacturing growth behind overall economic recovery...

Despite the critical role export credit financing plays in helping to boost America's exports and empower its traded sector competitiveness, virtually all U.S. competitors are investing significantly more as a share of their GDP than the U.S. in providing export credit assistance in the form of loans and guarantees to help foreign buyers purchase their nations' products and services. This...

E-prescribing cuts medical transaction costs by eliminating the need for confirmation phone calls and faxes, and reduces health risks associated with prescription delays. In 2004, over half of states had legislation banning e-prescribing. Today, all 50 states allow it, and many have begun to actively promote the practice. In 2011,...

While 80 percent of U.S. adults have access to high-speed internet, ten percent have access only through a smartphone. This proportion is even higher among African Americans (15 percent), Hispanics (22 percent), and individuals with a high-school degree or less (14 percent). While universal broadband adoption is a good abstract goal, in...

Computer science education is dramatically under-taught in America's schools. In 41 U.S. states, computer science doesn't even count toward high school graduation requirements. Meanwhile, the number of AP Computer Science courses available in U.S. high schools has decreased by 33 percent since 2005 with the number of students taking the AP Computer Science exam falling to just 30,000 in 2013....

Initial public offerings (IPOs-the first rounds of companies' stock sold when they make their debut in public markets) are an important way by which high growth companies obtain needed capital to enable their next round of growth. Total proceeds from U.S. IPOs were valued at $55 billion in 2013, making it the strongest year for IPOs since the peak...

Christopher Yoo digs into new broadband mapping data, showing that contrary to common reporting, the U.S. comfortably leads Europe in deploying next generation broadband networks. This work extends and confirms many of the early findings in ITIF's ...

For the last two decades, international and national decision makers in high-income countries have pursued a set of policies (e.g., carbon emission targets, carbon pricing, subsides, and regulatory mandates) that have failed to make clean energy technologies cheaper than fossil fuels outside of niche markets. Making clean energy cheaper than fossil fuels should be the paramount goal of climate...

The U.S. remains the engine of the global life sciences economy. The industry's tremendous investment in R&D has been indispensable in the development of scores of breakthrough pharmaceutical drugs and therapies-from personalized gene therapies to synthetic skin to cures for certain types of cancer, which have profoundly improved quality of life for citizens worldwide. But as ITIF writes...