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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/ on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/ on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/ on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/modules/node/ on line 14.
  • strict warning: Declaration of date_api_filter_handler::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/date/includes/ on line 578.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of uc_product_handler_field_price::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/ on line 94.
  • strict warning: Declaration of uc_product_handler_field_weight::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/ on line 61.
  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/ on line 48.
  • strict warning: Declaration of semanticviews_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/semanticviews/ on line 232.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/ on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/ on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • warning: Creating default object from empty value in /home1/finfacts/public_html/sites/all/modules/views/includes/ on line 653.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/ on line 25.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.


(February 2013) The Science of Innovation: From Thomas Edison's light bulb to Wilbur and Orville Wright's flying machine, inventors and inventions transform the way we communicate, travel and live our daily lives--thanks to the creative process of innovation. That process is highlighted in an educational video series released Monday in the US on the 165th birthday of one of America's greatest innovators, Thomas Edison. The National Science Foundation says innovation is defined by more than a single event or brilliant idea. It's about a process, a series of steps that anyone from a garage tinkerer to a federally funded scientist can take to discover new solutions that meet pressing needs or that add value in new ways to existing products, services or technologies.
(February 2013) Tuesday night President Barack Obama makes his fifth State of the Union and while the economy is improving, the story line isn't all that different to his previous four. Fourth-quarter company earnings rose 7.3% at the 339 members of the Standard & Poor's 500-stock index that have reported results, while revenue rose 5.9%, according to Thomson Reuters. GDP (gross domestic product) growth in 2013 is expected to exceed 2%.
(February 2013) Five years into the devastating Great Recession and its aftershocks, millions of employed and unemployed Americans are still badly and perhaps permanently damaged financially and deeply pessimistic about near -- and long-term prospects for the US economy. A majority of Americans say they think it will be at least six years before the economy is made whole again, if ever. Three in 10 said the economy would never fully recover from the Great Recession.
(February 2013) For the 10 years ended September 2012, US venture funds produced a 6.1% return, compared with the Nasdaq Composite Index's 10.3% increase and the Dow Jones Industrial Average's 8.6% rise over the same period.
(February 2013) While small companies are seen in the United States as having a big role in job creation, research shows that with the large number of job additions and losses among startups, it is the segment of fact-growing young firms up to 5 years old that play a crucial role in net job creation.
(January 2013) In October 2010, in The Wall Street Journal, John Chambers, Cisco chairman and CEO, and Safra Catz, Oracle president, wrote an op-ed on the topic of repatriation of foreign earnings. Entitled, 'The Overseas Profits Elephant in the Room: There’s a trillion dollars waiting to be repatriated if tax policy is right,' (subscription required) Chambers and Catz stated: “One trillion dollars is roughly the amount of earnings that American companies have in their foreign operations—and that they could repatriate to the United States. That money, in turn, could be invested in US jobs, capital assets, research and development, and more. But for US companies such repatriation of earnings carries a significant penalty: a federal tax of up to 35%. This means that US companies can, without significant consequence, use their foreign earnings to invest in any country in the world—except here.” Chambers/ Catz said a foreign earnings at a low tax rate—say, 5%— would create a privately funded stimulus of up to a trillion dollars. However, of the $312bn repatriated back to the United States in 2004/05 at a special rate of 5%, 92% of that money was returned to shareholders in the form of dividends and stock buybacks, according to a study by the nonpartisan National Bureau of Economic Research. However, this is a misleading debate as American companies' 'overseas/ trapped' cash is mainly held in the US.
(January 2013) US venture capital investment fell 15% in 2012, having risen in 2011 to the highest level since the tech bust in 2001. Investment in consumer information services, a sector that covers many web companies, was down 39% from 2011.
(January 2013) The US Treasury Department has rejected a proposal to issue a platinum coin to get around the current federal debt limit of $16.4tn. On Monday, Timothy Geithner, US Treasury secretary, said in a letter to John Boehner, House speaker, that the government was on track to hit its borrowing limit as early as the middle of February: “Treasury would be left to operate solely with the cash we have on hand on any given day” and would likely have to delay payments on everything from bond obligations to income tax refunds, Social Security benefits and military salaries. Also on Monday, at a press conference at the White House, President Obama said: “If congressional Republicans refuse to pay America’s bills on time, Social Security checks and veterans benefits will be delayed.” He called the opposition Republicans' stance “absurd,” and advised Republicans that they “have two choices here: They can act responsibly and pay America’s bills, or they can act irresponsibly and put America through another economic crisis. But they will not collect a ransom in exchange for not crashing the American economy. . . . And they better choose quickly, because time is running short.”
(January 2013) US economists say that manufacturing employment would have been higher by over 4m employees in 2007 without the effect of offering China 'permanent normal trade relations' (PNTR) status in 2000. While US manufacturing employment fell from 19.6m in 1979 to 13.7m in 2007, more than half the decline followed the relatively mild recession in 2001. Meanwhile, Jeffrey Immelt, General Electric (GE) CEO said last year: "we are outsourcing less and producing more in the US. We created more than 7,000 American manufacturing jobs in 2010 and 2011. Our success on the factory floor rests on human innovation and technical innovation—the keys to leading an American manufacturing renewal. When we are deciding where to manufacture, we ask, 'Will our people and technology in the US provide us with a competitive advantage?' Increasingly, the answer is yes."
(January 2013) Young business firms up to 5 years old are responsible for most net job creation in the United States. However, not only has new firm formation been falling in the last 3 decades, for small business in general, 2 recent reports show small business hiring weakened at the end of 2012.