Innovation has long been recognized as the key factor supporting US economic growth and competitiveness. A critical element of the infrastructure facilitating product development and commercialization is the system that protects intellectual property and encourages its widespread adoption and implementation. The current framework that facilitates this process includes the LeahySmith America Invents Act (AIA) and the Patent Trial and Appeal Board (PTAB). The AIA and PTAB reduce the need for and cost of patent litigation, reducing transaction costs and generating substantial economic benefits. Potential expansion of the AIA to further enhance its applicability could lead to notable additional gains.
The legacy of all great civilizations is in large measure the art they leave behind. It is little wonder that when the 100 most influential persons of the past millennium were named, about one-fourth of them were representatives of the cultural arts.
Dr. Perryman responds to the high numbers from September and explains some underlying causes and what that will mean moving forward.
You've likely heard about the labor force participation rate declining in monthly job reports. Dr. Perryman says there is a logical explanation: After a worker turns 64, they are no longer counted as employed.
Charles Schwab intends to merge with TD Ameritrade, but more importantly, the low-cost stock trader plans to move its corporate headquarters from California to Texas.
For the second year in a row, Dr. Perryman says Texas leads the nation in the number of startups.
Amazon's announcement that it is looking for a site to host a second headquarters has several Texas cities bidding for the 50,000 jobs it will mean. Dr. Perryman says economic incentives will be key.
Recent housing data reveals a phenomenal statistic, and Dr. Perryman says it mirrors what we have seen reflected in other economic data.
The economy grew at an anemic 0.7% in the first quarter. Dr. Perryman says while the report coincides with Donald Trump's first 100 days in office, it has little to do with the president's performance.