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President Obama's Forum: High Theater on High Drug Prices

Dean Baker | Posted 11.16.2015 | Business
Dean Baker

The Obama administration is sponsoring a forum this week on the problem of high drug prices. The purpose is presumably to express concern about a rapidly growing problem for both people in the United States and around the world. But the reasons for skepticism are obvious.

Innovation in China: Promise or Pipedream?

Tom Doctoroff | Posted 10.17.2015 | Business
Tom Doctoroff

If China fails to turbocharge its capacity to innovate, the country will experience a hard economic landing and social stability will be threatened. But can China evolve into an innovation powerhouse? The jury is out.

Apple Loses Patent Lawsuit To University Of Wisconsin-Madison

Reuters | Alexandra Ma | Posted 10.14.2015 | Technology

NEW YORK (Reuters) - Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used techno...

Rational Drug Pricing

Jeffrey Sachs | Posted 09.24.2015 | Business
Jeffrey Sachs

Corporate lobbyists and their friends in the media spout free-market platitudes about why sky-high prices are necessary to promote innovation. It's time for a serious understanding of the policy issues.

Modern Design Competition Allows Middle School Students to Invent and Patent their Own Creations

Natalie Kalin | Posted 08.14.2015 | Science
Natalie Kalin

The patent process is a nightmare for an adult, let alone younger patrons. Fortunately FIRST--an organization dedicated to bringing STEM programs and activities to young students--is giving middle schoolers an opportunity to invent and patent their own designs without any of these obstacles.

What to Do When Someone Steals Your Startup Idea

Dr. Sean Wise | Posted 08.12.2015 | Business
Dr. Sean Wise

Start by answering this question quickly and truthfully to yourself: Did you begin working on your idea so you could build a business, or did you want to create something to sell right away?

Washington Post Editorial Backs Secrecy, Drug Companies in TPP

James Love | Posted 08.12.2015 | Media
James Love

On August 10, 2015, the Editorial Board of the Washington Post published a "Post View" that illustrated how comfortable the paper is with secrecy, high drug prices, and industry lobbying in general, and how much disdain the Editorial Board has for critics who challenge any of this.

Sanding Down the Rough Edges of Capitalism Is Not Enough

David Morris | Posted 08.06.2015 | Politics
David Morris

I recommend we stop using the term "contributions" to describe the campaign spending of oligarchs and start using the term they themselves often use: "investments". The very rich invest to change the rules in their favor.

The Cure for Gilead

Jeffrey Sachs | Posted 08.03.2015 | Business
Jeffrey Sachs

Gilead has the cure for Hepatitis C (HCV) known as Sofosbuvir, which is taken alone or in combination with other drugs. Now we need a cure for Gilead. The lives of 5 million HCV-infected Americans and an estimated 160 million HCV-infected people worldwide are at stake.

House Democrats, Advocates Blast Trade Deal Protections For Drug Companies

The Huffington Post | Daniel Marans | Posted 07.17.2015 | Politics

House Democrats and health care advocates blasted drug patent provisions in a current draft of the Trans-Pacific Partnership agreement on Friday, crit...

Rich People's Rules and the TPP

Dean Baker | Posted 06.16.2015 | Business
Dean Baker

A victory by the masses, or "everyday people," over big money and big media is always grounds for celebration. But it is important to remember the game is far from over. This is one of those bills, like the TARP, where we are playing by rich people's rules.

The Digital Revolution Meets the Human Brain

Alvaro Fernandez | Posted 06.12.2015 | Technology
Alvaro Fernandez

To predict the future, it helps to examine one key leading indicator of tech investment: patent activity.

The Incredible Arrogance of the Trans-Pacific Partnership Crowd

Dean Baker | Posted 05.18.2015 | Business
Dean Baker

There are few policies that show the split between elite opinion and everyone else as clearly as trade policy. On trade we see a remarkable convergence of the leadership of both parties against their base, with the elites firmly behind the leadership against what they view as the ignorance of the masses.

Mothers Of Invention

Jill S. Tietjen | Posted 05.18.2015 | Women
Jill S. Tietjen

Kwolek was inducted into the National Inventors Hall of Fame for her invention of Kevlar. At the induction, she was escorted to the stage by a policeman whose Kevlar bulletproof vest had saved his life.

The Battle Over the Trans-Pacific Partnership and Fast-Track Gets Hot

Dean Baker | Posted 06.27.2015 | Business
Dean Baker

President Obama must be having trouble getting the votes for fast-track authority since the administration is now pulling out all the stops to push the deal. Obama insisted the deal is not secret, but googling "TPP" will not get you a copy of the text.

How Much Could Your Idea Be Worth? The Patent Marketing Process

Jonha Revesencio | Posted 06.10.2015 | Business
Jonha Revesencio

A great product or service idea could be worth millions or even billions of dollars, but you could find yourself in an undesirable position if you fail to obtain a patent.

Wealth vs. Money

Robert Koehler | Posted 05.26.2015 | Politics
Robert Koehler

The world we've created is governed these days by two unquestioned principles: commodify and dominate. And it's chewing up the resources that used to belong to every occupant of the planet. It's the opposite of the philosophy that what we do as individuals we do for the good of the whole, and, indeed, there is no separation between the individual and the whole.

U.S. Jury Clears Apple Of Infringing Wireless Tech Patents

Reuters | Posted 03.16.2015 | Technology

NEW YORK, March 16 (Reuters) - A federal jury in Texas on Monday said Apple Inc did not infringe five wireless technology patents owned by Canadian pa...

Here's Why Patents Are Innovation's Worst Enemy

Vivek Wadhwa | Posted 05.12.2015 | Technology
Vivek Wadhwa

The framers of the U.S. Constitution were not wrong. Patents did serve an important purpose during the days when technological advances happened over decades or centuries. In today's era of exponentially advancing technologies, however, patents have become the greatest inhibitor to innovation and are holding the United States back.

It's Time to Support Software Industry Priorities

Victoria Espinel | Posted 05.03.2015 | Business
Victoria Espinel

The global software industry -- exemplified by the unparalleled success of American-born innovation -- is changing the way we live.

Zach Carter

How Congress Remade The Economy In Its Own Awful Image | Zach Carter | Posted 02.26.2015 | Politics

A jury ruled on Wednesday that Apple must pay $532.9 million for infringing on three patents owned by a firm that could serve as a textbook definition...

The Ultimate Guide to Patents: How to Turn Your Ideas to Profitable Patents

Jonha Revesencio | Posted 04.21.2015 | Business
Jonha Revesencio

Life can be unpredictable. At any point in time, a brilliant idea could spring into your head. Regardless of the originality, quality and need for your invention, you will never find success, if the research and development do not meet modern standards.

From Idea to Patent to Product: A Young Entrepreneur Takes on At-Home Fitness

Carol J. Carter | Posted 02.14.2015 | Small Business
Carol J. Carter

As a student at University of Maryland, Obidi Orakwusi needed a summer job but couldn't find one without a car. He decided he would create a job for himself and sketched the first concept of the Mega Bar on the back of a job application.

Protect Inventors or Take Down Trolls? Patent Reform with Senator John Cornyn, CEO Innovestion, and Rackspace

Maya Horgan | Posted 02.04.2015 | Politics
Maya Horgan

Senator John Cornyn, Rackspace, and CEO-General Council Kevin Fiur share their insights on a few impending policies that will liberate the entrepreneur... or facilitate idea stealing.

iPhones Of The Future Could Save Themselves When You Drop Them

The Huffington Post | Damon Beres | Posted 12.02.2014 | Technology

A new patent granted to Apple could help save devices from falls.