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Americans are more dependent on the federal government than ever before. According to USA Today, 18.3 percent of the nation’s total personal income was a payment from the government for Social Security, Medicare, food stamps, unemployment benefits and other programs in 2010. Much of this increase has come since 2008, mainly due to the expansion of healthcare and federal programs generally. Americans got an average of $7,427 in benefits last year, up from $4,763 in 2000. USA Today even breaks the data out by state, with New York leading the list.
Last week's announcement detailing the rollout of Google's fiber optic network had the feel of a Silicon Valley big-time new product launch. It was definitely a big deal for Kansas City on both sides of the state line. Most importantly, information flowed copiously from Google about the details of their project—a welcome relief from the hitherto tight-lipped tech giant. The Google Fiber announcement lived up to the initial promise to deliver gigabit Internet speeds over a fiber optic network to homes at competitive prices.
I was shocked to learn that only 1 percent of American companies export their products. More shocking still, of those companies that export, 58 percent of those companies export to only one country.
Recently, the Oxford English Dictionary released its annual list of new words in the English language. I was struck by how the list reflects the current times in our country, not only in popular culture, but also in our current political and economic climate.
One of the questions I get asked the most is some version of "what do you think of crowdfunding?" I usually answer with some noncommittal answer about how it is going to be important, but no really knows how it will impact the trajectory and success of startup companies. After all, the notion of banding together through social media to fund the development of a prototype, documentary film or art project has been going on for many years now.
Dear Mr. President, the nation's entrepreneurs are counting on you tomorrow night. Want to use your State of the Union speech to lay out a plan for real economic growth? Here's what you should say.
Learn why Detroit is poised for entrepreneurial renaissance.
In doing research for my most recent posts, I was reminded how few of our representatives come from entrepreneurial roots. In fact, almost 80 percent of the current United States Senate has been supported by the government (taxpayers) for their entire working lives. Lawyers make up 59 percent...
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