Just as railroads and interstate highways shaped development in the past, the migration of knowledge workers will shape prosperity in the future. Cities that disregard this basic fact do so at their peril.

Florida can expect that research institutions will gladly take them up on their offer to take some state money. This is a great deal for them. I don't see them promising, aside from spending the money, that it'll turn into [a state profit].

We do not think the Boeing IAM workers will strike when their contract expires on Sept. 2.

The big payoff for the future will be in helping knowledge workers to be more inventive and creative, and to get those innovations into the marketplace. That's where a wealthy nation like the United States is ultimately going to have to seek its competitive advantage.

The biotech industry is very tightly clustered.

But if the place doesn't deliver, they leave.