More investment in tech infrastructure for innovation, global competition, is "North Star" Biden

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At the CES 2022 session, National Economic Council Nominated Director Brian Deese discussed global alliances, private sector engagement, jobs, and the drive towards a low-carbon economy.

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Investing in internal infrastructure and the US economy so that the middle class can have “economic dignity” and be able to achieve their economic goals will be “North Star,” Head President Joe Biden, according to National Economic Council Nominated Director Brian Deese, speaks at CES Tuesday morning.

CES 2022 broadcast to read

Deese spoke to Gary Shapiro, president and CEO of the Consumer Technology Association, about how the new administration will address technology, innovation and competitiveness issues.

Deese, a former Obama administration and then global leader in sustainable investment at BlackRock, said the government has underinvested in many areas in recent years, including research and development and manufacturing. He said the Biden administration will look to engage with the private sector more closely.

His appointment to the NEC is a cabinet-level post and Deese said he will help shape economic policy decisions.

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Shapiro asked Deese about the role that technical industry should play in helping to revive the economy. Deese described the COVID-19 vaccine as "a testament to technology and science," but said the operational challenge of getting the vaccines into people's arms will be one of the most costly and costly. complex in the history of our country. "

He said technical companies can help with the public health response and ensure that they provide information.

"The president has talked about reopening schools safely and it's very important to our economy and our children," Deese said. "That's a place where broadband and digital separation are very important."


    Enabling innovation, jobs, decarbonization

    More than once, Deese mentioned opportunities for the government to engage with both the private sector and the country's allies. He also stressed that the inequalities in the U.S. economy need to be addressed even in an economic crisis because they have "held back the potential of the economy."

    "We want to address those who want to restore sustainability and grow infrastructure and jobs and get ourselves on track to tackle a low carbon economy," said Deese. -just affects Black and Brown businesses. "

    Investments need to be made in a way that builds more "runways" for such businesses to access capital to create more innovation in our domestic economy, he said.

    He reiterated that "North Star is one of the most widely shared trends."

    Responding to a question from Shapiro about how the administration will target that North Star, Deese said that officials will be "challenging ourselves to do things differently" to deal with the current crisis weather and race equality.

    Deese said it's important to "meet people where they are" and that "many policies fail not in terms of design, but execution," and the goal is to get training programs for employees who 'they need through tools and technology.

    He added that Biden has pledged to revert to the Paris Agreement, a legally binding agreement on climate change. Not only will the U.S. return, but they will be "communicating multilaterally with friends around the world" to work together on climate issues. China is a big part of that, Deese said.

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    Shapiro asked Deese about the future of trade with China and tariffs. Deese responded that the U.S. will work with its closest friends to identify issues where they can work together, "such as putting pressure on Beijing," he said.

    The council will look at how they can "put tools in the toolbox in a way we haven't" in the last few years, Deese said.

    The acceleration of the disarmament of the economy must shift large amounts of private capital towards investments in low - carbon enterprises, he said.

    In terms of technology advancement, the Trump administration largely followed the Obama administration when it came to pursuing policies and areas such as AI and self-driving cars, Deese said.

    The Biden administration will be "totally focused" on building the skills of its staff, especially those coming out of secondary schools to help them see what their options are. in this economy, he said.

    This will involve raising apprenticeships and working in partnership with trade unions to acquire the skills they need before these apprenticeships begin.

    To enhance the ability of U.S. companies to remain innovative and competitive, Deese said the U.S. government can "play a continuing role - by investing in research and development," which he said was the basis for much innovation. .

    It's not only an opportunity but also a duty for companies to be more thoughtful about how they handle both their employees and the data with which they work, Deese said. It needs to "recognize that there are stakeholders in addition to shareholders who are essential to their long-term profitability and operating license," he said.

    Another look at tech under the new administration

    Matthew Heiman, general counsel for Waystar Health, who is also a legal expert with the Transparency Management Project, agreed that the new administration and the new Congress "will continue with a tech review we saw from the previous Congress and the administration outside. "

    Members of both parties have questioned protections under Section 230 of the Confidentiality of Communications Act and defending freedom of expression and innovation on the Internet, and have called for more enforcement against trust, Heiman said.

    "They may also be trying to revisit issues of net neutrality," said Heiman, who is also a senior at the Antonin Scalia Law School at George Mason University.

    He said the Biden administration could seek federal data privacy legislation of sorts. “I expect so too [the administration] it will increase the role of cybersecurity leaders within action groups and the White House. "

    However, as to what the overall approach to tech policy will look like, Heiman was less optimistic.

    "Biden has never been a big fan of Silicon Valley, so I expect a relationship between the administration and the tech sector to be tight, and I expect management to increase," he said. The challenge is for the tech sector to make a significant contribution to growth and innovation to the American and global economy. "

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