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America’s Electroindustry Supports 2.35 Million Jobs and More Than $375 Billion for U.S. Economy

William Attardi on August 5, 2026

The U.S. electroindustry is playing an increasingly critical role in meeting rising electricity demand, strengthening the domestic industrial base, and powering America’s future, according to new analysis from the National Electrical Manufacturers Association (NEMA). The new economic impact data show the U.S. electrical manufacturing industry, which has invested more than $200 billion in domestic production since 2018, supports 2.35 million American jobs, contributes more than $375 billion to U.S. economy annually, representing 1% of total U.S. GDP. The analysis also finds that the electroindustry directly employs more than 590,000 workers nationwide who manufacture the technologies that power and protect America’s homes, businesses, factories, hospitals, data centers, transportation systems, and the electric grid. Each direct job supports an additional three jobs elsewhere in the economy. With electricity demand expected to rise significantly in coming decades, continued investment in electrical equipment and systems will be critical to expanding energy capacity, strengthening grid reliability, and supporting long-term economic growth.  America’s Electroindustry Supports 2.35 Million Jobs and More Than $375 Billion for U.S. Economy   – NEMA

US Economy Expands at Surprising Pace in Second Quarter

William Attardi on September 26, 2025

An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. The department had previously estimated second-quarter growth at 3.3%, and forecasters had expected a repeat of that figure. A category within the GDP data that measures the economy’s underlying strength came in stronger than previously reported as well, growing 2.9% from April-June, up from 1.9% in the first quarter.  US Economy Expands at Surprising Pace in Second Quarter – tEDmag

U.S. Economy Shows Remarkable Resilience in Face of Trade Turmoil

William Attardi on May 3, 2025

The world’s most powerful economy is showing remarkable resilience in the face of enormous pressure. Employers added more jobs than many economists expected last month, and the low unemployment rate held steady. The U.S. economy contracted in the first quarter, but the result was distorted by a rush of imports that offset generally solid demand. The stock market rallied sharply from its April lows. Yet real turmoil is threatening that strong foundation. President Trump’s ever-changing tariff policies, government cuts and immigration restrictions are disrupting trade and sparking deep unease among consumers, businesses and investors. Trump’s 145% tariffs on Chinese imports are causing cargo shipments from China to plummet, prompting major retailers to warn of likely price hikes and even shortages of some goods. In early April, economists forecast the likelihood of a recession in the coming year to be twice as high as it was at the start of the year.  At the moment, however, things are still looking surprisingly good. U.S. Economy Shows Remarkable Resilience in Face of Trade Turmoil – WSJ

It’s Back to School – How Some of Our Most Acknowledged Universities Got Their Name – Who were the true visionaries who would donate half of their estate to sculpting the minds of the future. These stories are monuments to history and culture. Let’s take a stroll through academia’s memory lane and uncover the origins of these storied university names!

  1. Ah, Harvard! The Ivy League giant was once a small college in the Massachusetts Bay Colony settlement called New Towne. But where did “Harvard” come from? Enter John Harvard, a clergyman who, in 1638, decided to bequeath half his estate and his library (a whopping 400 books!) to the fledgling college. Grateful for this generous gift, they promptly named the institution after him.
  2. A gem of New Haven, Connecticut, Yale is another Ivy League powerhouse known for its prestigious law and drama schools. It owes its name to Elihu Yale, a wealthy merchant who, in 1718, donated a modest shipment of goods (including portraits, books, and textiles) to a struggling collegiate school. Those goods were auctioned off, raising a much-needed £562 –a small fortune at the time.
  3. Dartmouth is renowned for its beautiful rural setting, nestled in the picturesque town of Hanover, New Hampshire. It was named after the Earl of Dartmouth, William Legge, a British nobleman who supported the college’s founding –despite never actually setting foot in America!
  4. Brown, this Rhode Island Ivy University, known for its open curriculum and emphasis on student choice, was founded with a mouthful of a name – the College in the English Colony of Rhode Island and Providence Plantations. It was renamed in 1704 for Nicholas Brown, Jr., a prominent merchant whose family donated generously to the school.
  5. Perched atop a hill overlooking Ithaca, New York, Cornell is celebrated for its diverse academic programs and its stunning natural surroundings. Founded by Ezra Cornell and Andrew Dickson White, this university was unique for its commitment to practical education, allowing students the freedom to choose their own course of study. It was a revolutionary notion at the time, which would guide a curricular reform across the country.
  6. Located in the heart of Silicon Valley, Stanford is renowned for its entrepreneurial spirit and its close ties to the tech industry. But this California powerhouse has a touching origin story. Leland Stanford, Jr., the founder’s son, tragically died young from typhoid fever. His father Leland Sr., railroad magnate and former state governor, and his mother Jane, founded the university in his memory, ensuring his legacy lived on through the pursuit of knowledge.
  7. This North Carolina research giant, known for its strong medical and law schools, underwent a bit of a name change in its history. Originally called Trinity College, it was renamed Duke University in 1924 after James Buchanan Duke, a tobacco and electric power industrialist who founded the American Tobacco Company. He established The Duke Endowment, to which he donated throughout his life and left half his estate after his death.
  8. Nestled in Nashville, Tennessee, Vanderbilt is a renowned research university with a vibrant campus life. It owes its name to “The Commodore,” Cornelius Vanderbilt, a shipping and railroad magnate, who provided the initial gift to establish the university.
  9. Texas businessman William Marsh Rice provided the initial funding for this Houston university, but did not live to see its opening. He was murdered by his valet as he slept, in a plot to forge the man’s will. Despite the unfortunate circumstances, Rice University flourished through the years, becoming an institution known for its strong engineering and science programs.
  10. Who was Harvard named after? Origin of university names