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Earlier this year, we followed the progress of the JOBS (Jumpstart Our Business Startups) Act as an example of how business should get done in Washington, DC. Most of the attention has been—and continues to be— focused on crowdfunding and how it can help startups and small businesses raise capital to launch and grow their businesses.
The recent return of Congressional leaders from a 5-week recess won’t be long-lived. With the heated presidential campaign in full-swing, members are focusing their current efforts in Washington on campaign-related events—and trying to figure out how soon they can escape back to their home states and districts to focus on campaigning there. That escape may come as soon as the end of this week. In the meantime, there are a number of hearings that may be of interest to our readers.
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:
Each quarter, the Chamber tracks the outlook of entrepreneurs and small business owners on their businesses, the local economy and the U.S. economy. In the latest survey, overwhelmingly, they think the national economy is not headed in the right direction. However, the numbers improve as the focus narrows to the local economy (47% said it was on the right track) and their own business (68%). Unfortunately, that may not translate to more jobs though as only 20% thought they would add employees in the year ahead.
Last week was a busy one for the President’s Council of Advisors on Science & Technology, an advisory group of the nation’s leading scientists and engineers who make policy recommendations “where understanding of science, technology and innovation is key to strengthening our economy.” In two separate reports, PCAST explored approaches to meet the sky-rocketing demand for wireless broadband as well as the necessary steps to provide long-term U.S. leadership in advanced manufacturing.
Last week, Fed Chairman Ben Bernanke gave a sobering review of the U.S. economy. This week, a number of Congressional hearings continue to address the underlying issues--like the impact of Dodd-Frank and the 10th anniversary of Sarbanes-Oxley--as well as the potential in cloud computing and commercializing research from the international space station.
Democrats and Republicans in the Senate each lost once last week--entrepreneurs and small business owners lost twice.
Fed Chairman Ben Bernanke makes a couple of appearances on Capitol Hill this week to talk about monetary policy and the U.S. economy. Tuesday, Bernanke appears before the Senate Committee on Banking, Housing and Urban Affairs while on Wednesday he addresses the House Committee on Financial Services. Other hearings scheduled include: how mobile apps are moving the economy; a look at the impact of Dodd-Frank on small business; regulatory impediments to job creation and others.
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