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April 26th, 2010
The United States has five years to double the billions it's spending on commercializing nanotechnology or it will lose its front-runner position in the global race to create and rearrange atoms into lucrative and possibly world-changing products, presidential advisers declared in their latest review of the government's nanotech activities.
"U.S. leadership in nanotechnology is threatened by several aggressively investing competitors such as China, South Korea and the European Union" the President's Council of Advisors on Science and Technology concluded in a 71-page report. To meet that threat, it recommended not only increasing spending, but reforming some related federal programs and policies.
Few dispute that the creation and application of nanomaterial is already changing and -- in many cases -- improving lives. Such advances are expected to only surge in the years ahead. The only thing that can derail nanotech's growth, say even its most zealous supporters, is the public losing confidence in the safety of the manipulated particles.
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