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Why schedule hearings when the federal government is shutdown and facing default? No Congressional committees have scheduled relevant hearings for the week ahead. Meanwhile, all eyes are on the October 17 default deadline which would be more than a blip on the global economic radar.
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.
Last week, we talked about Babson College's 17 year string of domination over the U.S. News & World Report's rankings for entrepreneurship education in U.S. colleges and universities. Not so fast, says Howard Marks, the founder of a Los Angeles based startup accelerator (StartEngine) who first made a name for himself as the founder of Activision—the world's first independent video game publisher (remember Chopper Command and Pitfall from the early '80s?).
Startups and entrepreneurs at every stage have a new resource to help them launch and grow. The new Kauffman Founders School—curated from years of the Kauffman Foundation's experience in developing and supporting entrepreneurship programs—is an online education portal that provides on-demand content that enables entrepreneurs to learn anywhere at anytime.
Look around and you will find a number of articles on the effects of the political stalemate / government shutdown on entrepreneurs. For “small businesses”, the effects are quite clear, mostly relating to government contracts (more than half the federal spending would go through federal contracts before the shutdown) and Small Business Administration (SBA) loans. In addition, with 62% of the SBA’s staff furloughed, all counseling is on hold until the government is back up and running. The suspension of these contracts, loans and services represents an immediate “brake” on the economy.
One week after the government shutdown began, the finger-pointing continues while a new deadline looms even larger—10 more days until a potential U.S. government default. While many are still calling it "extremely unlikely" there seems to be consensus in that it would be "a catastrophe." Meanwhile, many of the Congressional hearings were cancelled or postponed last week and the handful scheduled for this week look to be more focused on the blame game than anything else. Like last week, the following hearings may be postponed—so be sure to check the committee websites for last-minute updates.
Have you ever wondered how Richard Branson got his start as an entrepreneur? Or what inspired Marc Ecko to become a fashion mogul and serial entrepreneur. Personal lessons and insights from accomplished entrepreneurs are the basis of a new Khan Academy online interview series introduced recently by the Ewing Marion Kauffman Foundation.
As of the time this was posted, leaders in the U.S. House and Senate still have not come to an agreement to avoid a federal government shutdown for the first time since 1995. The following schedule of hearings is tentative at this point and could be altered or scrapped altogether. Stay tuned for updates.
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