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Much as the steam engine helped power the Industrial Revolution, semiconductors are in many ways the backbone that power today’s information revolution.

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Last week, we wrote a post entitled “Harvard Crushes The “Obama Recovery” Farce With 9 Simple Charts” in which we reviewed a report from Harvard Business School on the true health of the U.S. economy.  Given the title, it’s probably not terribly surprising that Harvard was somewhat “underwhelmed” with the Obama recovery after taking a multi-decade look at various economic metrics like labor force participation rates, new business formation, productivity and real household income. 

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Auto giant Wanxiang announced today that it will be using blockchain as part of its newly announced smart cities program.

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Japan finance minister Aso via Reuters
Well, yeah … but is it just hot air from Aso?
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Headlines via Reuters

September MNI China Business Sentiment Survey
Up 3.1% on he month to 55.8, its highest since August of 2015
– August revised to 54.1 (from 54.3)
– New orders higher

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