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U.S. Deputy Secretary of Commerce Dennis F. Hightower discussed President Obama's National Export Initiative at UCLA's America's Business Forum, highlighting the Commerce Department's efforts to support job creation by helping U.S. companies to sell more of their products and services abroad. “All of us have to do more to ensure more American products are reaching new foreign markets.. . . . “At a time when traditional drivers of U.S. economic growth like consumer and business spending are strained, we simply must elevate exports as a key part of our economic recovery efforts,” Hightower said. (Remarks)

Persistent winds and a weakened current in the Mid-Atlantic contributed to higher than normal sea levels along the Eastern Seaboard in June and July, according to a new technical report from Commerce’s National Oceanic and Atmospheric Administration (NOAA). After observing water levels six inches to two feet higher than originally predicted, NOAA scientists began analyzing data from select tide stations and buoys from Maine to Florida and found that a weakening of the Florida Current Transport—an oceanic current that feeds into the Gulf Stream—in addition to steady and persistent Northeast winds, contributed to this anomaly. (More)

The Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) announced the arrival of El Niño, a climate phenomenon with a significant influence on global weather, ocean conditions and marine fisheries. El Niño, the periodic warming of central and eastern tropical Pacific waters, occurs on average every two to five years and typically lasts about 12 months. NOAA expects this El Niño to continue developing during the next several months, with further strengthening possible. The event is expected to last through winter 2009-2010. (More) (Animation)

U.S. Commerce Secretary Gary Locke and U.S. Energy Secretary Steven Chu announced significant progress that will help expedite development of a nationwide “smart” electric power grid. A Smart Grid would replace the current, outdated system and employ real-time, two-way communication technologies to allow users to connect directly with power suppliers. The development of the grid will create jobs and spur the development of innovative products that can be exported. Once implemented, the Smart Grid is expected to save consumers money and reduce America’s dependence on foreign oil by improving efficiency and spurring the use of renewable energy sources. (More)