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Turmoil in Ukraine prompted me to take a look at the entrepreneurial health of some other post-Soviet nations in the region. This week, we take a look at Uzbekistan.
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.
With unemployment rates near nine percent, politicians of both parties continue to discuss ways to spur economic growth and job creation. Lost in much of this debate is the role of education. Indeed, some economists have suggested that structural (as well as cyclical) issues are preventing the unemployment rate from falling.
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.
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.
America needs more startups, especially those which might someday grow into high-impact, high-growth firms. Despite adding over one million net new jobs in 2010, the U.S. has over 7 million fewer nonfarm payroll employees today than at the end of 2007 when the recession began. Research from the Kauffman Foundation and others support this notion, with startups accounting for most of the net new jobs in the economy and adding new vitality to the marketplace.
When you talk to anyone in government this week, one word is on everyone’s mind: “shutdown.” The federal government is already setting up contingency plans on what it will do if the Congress cannot agree on a new continuing resolution by March 4.
This week, Federal Reserve Chairman Ben Bernanke delivered his semiannual monetary update to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services. The prospect of higher commodity prices has the potential of squeezing business owners’ profitability at a most inopportune time – when otherwise the economy itself is starting to get some traction.
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