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Members of the House are back in their home districts for a Constituent Work Week and will return after the Independence Day holiday. On the Senate side, a light week is highlighted by a Finance Committee hearing on simplifying the tax code.
According to The Times CEO Summit here in London, Britain is mid-table in the world growth league, but committed to a new rigorous economic agenda. Now that the painful job of drastic budget cuts is underway and an often angry public has aired its grievances, Prime Minister David Cameron appears to be intently focused on new firm formation, the know-how economy, the next digital revolution and private input into “innovating down” health costs. He is determined to protect his AAA Standard & Poors evaluation and keep his economy from heading in the direction of others like Greece.
With largely unimpressive employment figures and sagging consumer confidence, the Obama administration is seemingly pulling out all the stops in its economic arsenal. It has focused on small businesses--touting its 17 tax cuts for small business owners—as well as new businesses through its support of programs like Startup America and the Global Entrepreneurship Program. And now it is looking to get into a bit of good old traditional economic development, trying to attract and retain businesses—convincing them to select US locations to either start or expand operations.
Even if legal attempts to derail the US healthcare reform bill were successful, it wouldn’t really matter.
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:
Recognizing the urgency to kick-start the economy through entrepreneurship, the Kauffman Foundation sponsored the latest issue of Democracy--a Journal of Ideas to examine how the government can promote firm formation and growth.
I admit it. I was one of those guys who ready Douglas Coupland’s ‘Generation X: Tales of an Accelerated Culture’ and watched all the generational angst movies of the early ‘90s like Richard Linklater’s ‘Slacker’ (or Reality Bites’ for the more commercially mainstream audiences). We were different and better than Baby Boomers and wanted to make sure everyone knew why.
Secretary Geithner is scheduled to appear before the House Committee on Small Business to talk about access to capital and credit while the Budget Committee examines the long-term budget outlook with CBO director Douglas Elmendorf. On the Senate side, the Judiciary Committee tackles intellectual property law enforcement efforts.
With more women than men in the U.S. earning PhDs in the biological sciences and estimates that around 15 percent of the U.S. GNP over the next two decades will be comprised of life science activities, it is no surprise that women's entrepreneurship has attracted so much attention recently in both the developed and developing countries. And in many other countries, women's entrepreneurship is even more important as a separate track for cultural reasons.
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