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In the last few days, two big names have announced they aren’t going to run for President. So what bearing does that have on the race for the White House in 2012? Here are five ways these non-announcements will have an impact on the race.
I recently wrote about the tremendous backlog of patent applications at the U.S. Patent and Trademark Office (PTO). Indeed, with a backlog of over 700,000 patent applications, investors have become frustrated with long processing times. Yet, as I was writing about the PTO budget, the U.S. Senate was considering a major reform of the patenting process.
Earlier this year, Senate Democrats introduced the “Cyber Security and American Cyber Competitiveness Act of 2011”. This bill, which was introduced by Sen. Harry Reid (D-NV) with a number of cosponsors, is needed, according to its authors, because of emerging threats to businesses and national security.
On March 16, the House Republican leadership hosted a forum on job creation with business leaders from across the country discussing the obstacles to growing their companies. Majority Leader Eric Cantor said, “We believe that you need to listen to those who are willing to take a risk and bet on America.” He added that we should ensure that we best position our country for entrepreneurship. Speaker of the House John Boehner said that many Americans continue to ask, “Where are the jobs?”
The Bureau of Economic Analysis reported that the U.S. trade balance widened somewhat in January, with the country importing $46.3 billion more than it exported. While exports of goods and services continue to rise, import growth is outstripping it right now. Ideally, we would like to have our net exports expand...
Austan Goolsbee, the Chairman of the Council of Economic Advisors, addressed the members of the NABE at their annual policy conference in Arlington, Virginia discussed the dramatic steps taken by policymakers to tackle the economic crisis.
When making long-term investments, either on physical capital or for research and development, businesses need certainty from Washington. When President Obama signed the “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” (H.R. 4853) on December 17, 2010, among its many provisions, he reauthorized the Research & Experimentation Tax Credit, which is more commonly known as the R&D tax credit.
Innovation is the lifeblood for many entrepreneurial ventures. As William Baumol has written, innovative inventors help to push our economies forward in “revolutionary” ways, helping us to stay competitive and bring new ideas to the marketplace.
Last week, Rep. Sam Graves (R-MO), the Chairman of the House Small Business Committee, made headlines when he proposed nearly $100 million in cuts to the U.S. Small Business Administration’s FY 2012 budget.
On March 9, the Senate Small Business and Entrepreneurship Committee reviewed the “SBIR/STTR Reauthorization Act of 2011” (S.493). It would reauthorize the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for the next eight years.
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