SOUNDING THE ALARM about the importance of technology and innovation for US competitiveness: thoughts from former Lockheed Martin CEO Norman Augustine.

Some tidbits:

China is now graduating more English-speaking engineers than the United States.

The only countries with fewer engineering graduates than the United States include Bangladesh, Cambodia, Cameroon, Madagascar and Swaziland.

The 35 largest U.S. companies are creating three times more jobs abroad than they are in the United States.

Not a pretty picture, is it?