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Commerce at a Glance
February 28, 2020

Statement by U.S. Commerce Secretary Wilbur Ross on Visit to Pakistan

As President Trump said this week, ?Our relationship with Pakistan is a very good one.? The United States is Pakistan?s largest export destination. U.S. companies have a long history of doing business in Pakistan, contributing to its economic development and providing high-value jobs. The work Pakistan has begun to do to fight terrorism and promote security is affording the United States and Pakistan the opportunity to strengthen and expand trade in the region and between our countries.

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Secretary of Commerce Allocates $65 million for Fishery Disasters

Secretary of Commerce Wilbur Ross announced the allocation of $65 million to communities in Alaska, California, North Carolina, South Carolina, Georgia, Florida and the Yurok Tribe (California) that suffered fishery disasters between 2017 and 2019.

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Every Kid Counts: Census Bureau Partners With Pediatricians and Child Advocates in Effort to Count Every Child in 2020 Census

The U.S. Census Bureau hosted an event to highlight efforts to ensure all young children are counted in the 2020 Census. Children under five years old are among population groups historically undercounted in the census. The Census Bureau is making a concerted effort to address this issue by creating community partnerships, educational programs, awareness campaigns and operational innovations with the goal of raising awareness of the importance of counting young children.

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Nominations now open for the National Medal of Technology and Innovation

Nominations are now open for the 2020?National Medal of Technology and Innovation?(NMTI) and will remain open until April 3, 2020. The NMTI is the nation?s highest honor to recognize those who have made great strides in advancing America?s competitiveness and quality of life and who have strengthened the nation?s workforce through technological innovations. Past winners include renowned inventors Steve Wozniak and Steve Jobs, whose imprint on modern technology is unmistakable.

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Can Mobile Networks Connect First Responders in Remote Areas?

The high plateaus of Colorado?s Rocky Mountains, known for panoramic vistas, wildlife, old gold mines and sports of all kinds, are attracting new pioneers: engineers working to improve emergency communications. First responders face many communications challenges, including a lack of cell towers in uninhabited places and incompatible equipment.

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Personal Income and Outlays, January 2020

Personal income?increased 0.6 percent in January after increasing 0.1 percent in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.1 percent in December.

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New Annual Data Show First Trade Deficit Decrease Since 2013

The U.S. goods and services trade deficit declined 1.7% to $616.8 billion in 2019, its first annual decrease since 2013, according to new U.S. Census Bureau annual data on the international trade balance. Some of the primary aspects of trade activity between the United States and its partners over the last year occurred in crude oil, according to the?U.S. International Trade in Goods and Services report?released this month.

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Interagency Launch of D.C. Central Deal Team Takes Economic Statecraft to the Next Level

U.S. Department of Commerce Acting Under Secretary for International Trade Joe Semsar and Under Secretary of State for Economic Growth, Energy and the Environment Keith Krach launched the first D.C. Central Deal Team meeting on February 18, at the State Department. The departments announced an integrated approach to strategically support U.S. businesses abroad.

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The Russell Center for Innovation and Entrepreneurship Brings Diverse Economic Growth to Atlanta Opportunity Zone

Founded by the late Herman J. Russell, an Atlanta entrepreneur, and philanthropist,?H.J. Russell & Company?is the largest minority-owned real estate and construction company in the United States. Today, H.J. Russell and its subsidiaries employ more than 2,000 workers in 10 cities across the United States. Honoring the great legacy and visionary business leadership of company founder Herman J. Russell,?The Russell Center for Innovation and Entrepreneurship?(RCIE) is the largest center in the country that?s driven by community impact and devoted to empowering African American entrepreneurs and small business owners.

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U.S. to Triple Operational Weather and Climate Supercomputing Capacity

The United States is reclaiming a global top spot in high-performance computing to support weather and climate forecasts. NOAA, part of the Department of Commerce, today announced a significant upgrade to computing capacity, storage space, and interconnect speed of its Weather and Climate Operational Supercomputing System. This upgrade keeps the agency?s supercomputing capacity on par with other leading weather forecast centers around the world.

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Seeking the Power of Quantum Computing in Silicon

Despite the vast computing speed and power available to us in our palms, our desktops, and massive server farms, classical computing is reaching its limits, leaving a surprising number of conceptually simple problems essentially intractable. In general, these tend to be problems that ask, ?What is the most efficient way to do something?? These problems become exponentially more difficult as the number of possible choices grows, and rather than explicitly determine the answer, we instead rely on ?best practices? or instinct. But quantum computing can change that.

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