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Last week, President Obama went to Cleveland to meet with small business owners to hear about their successes and setbacks. One of the prominent themes of that meeting was innovation. In his closing remarks from the forum, Obama cited multiple examples of innovation in companies he sees moving the economy forward, such as Ashlawn Energy, a company that Obama says is "poised to manufacture a next-generation energy storage system in Painesville [Ohio] that will improve efficiency."
Dominic Barton of McKinsey & Co. stopped by the set of Chrystia's Davos TV show in late January to discuss the global economy along with Richard Haass of the Council on Foreign Relations and Bob Shiller of Yale University. Hear why Barton's worried about inflation in emerging markets, why the U.S. should be pitching China's sovereign wealth fund on infrastructure projects in America and where is the "Florida of China":
Generations of Americans have clocked in to work each morning confident that their daily toils would afford them a better standard of living than their parents. But that central promise of the American dream may now be under threat.