A relatively simple way to boost the economy and make America even greater is to fix a patent system gone awry. In recent years, major changes to intellectual property policy by Congress, the courts and the executive branch have thrown the system out of whack, deterring inventors from the kind of innovation that creates jobs and growth.
A Silicon Valley company did something exciting last week, and for once it involved something more significant than a new app to help us kill time on our smartphones. Tesla, the company that already is making electric cars, unveiled a prototype electric-powered semitrailer that can go 500 miles on a single battery charge and is powerful enough that it goes 65 mph up steep hills.
With the House of Representatives having passed its tax reform plans and the Senate having released its version, the uncertainty around the basic existence of the federal EV tax credit, as evidenced by the difference between the two proposals, will be disruptive to the industry. It’s this uncertainty that leads everyone to a fundamental question: If the government chooses to end EV tax credits, will that affect the EV market overall? The answer is yes.
In our hectic daily lives, there’s not much room for innovation. Through trial and error as well as using some good old-fashioned common sense, I have found three simple habits to guarantee innovation every day. As a professional development coach, it’s important that I find space for innovation so I can share transformational techniques with my clients. We are only gifted with so much time in the day. How we use it matters!
During China’s 19th Party Congress in October, President Xi Jinping placed innovation at the center of China’s national strategy. His remarks called for building China into a “science and technology superpower,” particularly as an “aerospace superpower” and “cyber superpower.” He highlighted notable achievements, including Mozi, the world’s first quantum satellite, and China’s space lab, Tiangong.
House Majority Leader Kevin McCarthy, R-Calif., is vowing the GOP's tax reform package will improve "innovation and entrepreneurship -- key drivers of economic growth." McCarthy said the U.S. needs a "dynamic tax code that promotes the competition, risk taking and innovation that is the foundation of the 21st century economy."
While serving as CEO of PepsiCo, John Sculley was recruited by Steve Jobs to become CEO of Apple in 1983. After a disagreement with Jobs over business strategy in which the Apple board sided with Sculley, Jobs was fired while Sculley continued at the helm of Apple until 1993. Since then, Sculley has co-founded or invested in technology-focused companies in many industries, including media marketing, financial services and health care.
It’s important to recognize that China’s objective is to become competitive across virtually all advanced-technology industries--and that the techniques China is using to become so pose a direct, and even existential, threat to America’s high-tech industries and those of foreign counterparts. China’s economic development policy has fundamentally evolved over the past decade and a half from a foreign direct investment (FDI) attraction strategy to an indigenous innovation strategy.
Since they’re planning on bringing as much as $5 billion in investment and as many as 50,000 jobs, they have the leverage to come to the table with a pretty specific wish list. The tech giant wants to set up in a city of over a million people, with stable business growth, good local transit options, an international airport and a university hub for recruiting. On top of this they’d like an ethnically diverse local population and are offering bonus points for sustainable infrastructure.
No matter how the case is decided, there are potential negative implications for U.S. competitiveness. If the court supports the use of search warrants to obtain data stored abroad, it will feed the perception that the best way to protect data from the prying eyes of the U.S. government is to store it abroad with a non-U.S. provider. On the other hand, if the court rules that search warrants cannot be used overseas, foreign governments may try to force companies to store data within their borders to make it impossible for U.S. officials to execute a search warrant. This also damages U.S.