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A fairly slow week on Capitol Hill is punctuated by a Joint Economic Committee hearing on "How the Taxation of Labor and Transfer Payments Affect Growth and Employment." Witnesses for the hearing are: Simon Johnson, entrepreneurship professor from MIT; Richard Rogerson, economics professor from Princeton; and Andrew Biggs, resident scholar at AEI (and former principle deputy commissioner of the Social Security Administration).
Each day, Innovation Daily checks the pulse of global innovation-- courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week:
One of the prime reasons I founded the Public Forum Institute was a strong belief in the role ordinary citizens can play in addressing chronic stalemates on vital national policy issues. After moderating hundreds of congressionally-chaired health policy forums over the years, I conclude it will be other developments outside of top-down reform that drive improvements in health care. It seems inevitable that with so many people’s income dependent on our health care industry, even the most well-meaning politicians face a never-ending path of discourse in their efforts to improve health care without disrupting such a large chunk of the American economy. The revolution in consumer data may be just one of those new game changers.
As the venture capital industry continues to consolidate, a new report from the Kauffman
Foundation examines the cause for its poor long-term returns. But unlike some recent shots, the report's authors don't point the finger of blame directly at VCs. Instead, they issue a challenge to state pension funds, endowments, foundations and other institutional investors in those funds to require deeper due diligence and more rigorous data analysis before investing.
Members of Congress return from a short recess to a handful of committee hearings this week, including a look at how skyrocketing costs on gasoline are impacting small firms by the House Committee on Small Business.
At a time when policymakers throughout the U.S.--and all over the world for that matter--are pointing to the job creating power of entrepreneurs and small business owners, a new study from the Kauffman Foundation points out a worrisome trend. The nation's business startup rate fell below 8 percent for the first time in 2010, marking the lowest point on record for new firm births.
An OECD report printed earlier this year examines why angel investment continues to be relatively overlooked despite the fact it is the primary source of outside equity financing and support for startups in a number of countries.
While the Baltic countries are small compared to their EU partners, they are said to have an outsized role in generating new start-ups, particularly through their big ideas in the tech sector. Today, we look at Lithuania, which has been campaigning aggressively through Global Entrepreneurship Week in the Baltics and has rapidly been gaining a place on the entrepreneurial map.
Both houses of Congress formally adjourned for a one-week recess and will return on Monday, May 7.
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