Posts Tagged: "patent stimulus plan"

This past Sunday there was a brief but very interesting segment on Fox New Sunday that actually discussed the plight of the United States Patent and Trademark Office and how the enormous backlog of inventions in the queue at the USPTO is preventing organic job grow at a time when our economy desperately needs job creation. Sitting in for Chris Wallace was Brett Baier. He was interviewing Mark Zandi, who is Chief Economist for Moody’s Analytics, and Liz Claman, an anchor on the Fox Business News channel. The topic for this 11:54 second segment was the health of the U.S. economy and what can and should be done by our leaders in Washington, DC. Surprisingly, at least to me, Claman brought up the USPTO as an ideal opportunity for “instant stimulus.”

Straight from the “it’s about time” department comes breaking word that the so-called popular press are finally identifying the most under reported news story of this recession. The United States Patent and Trademark Office of foundering and it needs more money in order to do its job. Despite their lip service to innovation and job creation, politicians seem to year after year leave the Patent Office under funded and incapable of satisfying its purpose. But thankfully CBS did a 2 minute and 36 second segment on the crisis this past weekend!

In this installment we start out talking about Judge Michel’s work for Senator Arlen Specter and how today there seems to be a slow and steady decline in the checks and balances intended to be a part of the federal system. This lead us into talking about the Founding Fathers and how they viewed intellectual property, and patent in particular, as critically important. We discussed how the Patent Office used to be held in such esteem by the Founding Fathers and many generations, and how that seems to be a relic of the past. We also discussed how Judge Michel would like to become a public nuisance and troublemaker as he attempts to proselytize for the patent system and a more responsible federal government.

It is that time of the year when everyone has made or is making resolutions for the new year, most of which will undoubtedly be broken within a few days or weeks, particularly those promises to lose weight, exercise more or find more time for unwinding and better managing stress. All are things I hope to do in the new…

Senator Orrin Hatch (R-UT) has been out in front on patent and intellectual property issues for years, and he is at it once again.  Senator Hatch has recently been very active with respect to writing op-ed articles explaining what all of us in the patent community have known for a very long time.  My hope is that his profile will…

In 2006, Peter Orszag, the current head of the Office of Management and Budget, observed in an article he co-authored for the Brookings Institution: Because the U.S. is at the frontier of modern technological and scientific advances, sustaining economic growth depends substantially on our ability to advance that frontier. Orszag is, of course, correct. Unfortunately, without meaningful and near immediate…

Yesterday I posted an article titled Innovation Held Hostage by the Patent Office.  In the article I detailed some troubling things I have learned regarding what appears to be best explained by patent examiners taking cases out of order.  The Patent Office is a first-in-first-out (FIFO) system, or at least it is supposed to be.  A couple patent attorneys have…

Earlier today I heard a rumor from an exceptionally reliable source regarding the United States Patent and Trademark Office efforts to reform patent quality review.  Quality review, or QR for short, has become an anchor around the neck of patent examiners, and more than any other single issue has lead to the astronomical backlog of patent applications now facing the…

Yeseterday I wrote an article titled Obama to Fund Entrepreneurs in Latin America.  In this article I discussed President Obama’s remarks while at the Summitt of the Americas, particularly picking up on his pledge to send $448 million dollars to foreign countries impacted by the economic crisis, and a plan to create a fund to restart the lending to businesses and entrepreneurs…

For some time now I have been writing about how a patent stimulus plan would revitalize the economy, but I am all fired up today after a flurry of comments and e-mail exchanges regarding some of my recent blog articles. It is way past time to rethink the patent application process and how patent prosecution is carried out by patent examiners. …

Many readers will recall that on March 16, 2009, I posted an article titled Perspective of an Anonymous Patent Examiner.  That post was and has been one of the most popular posts ever on the IPWatchdog.com Blog.  Therefore, I was quite pleased to receive another e-mail from the same anonymous patent examiner over the weekend.  Not only is this type…

On July 28, 1987, President Ronald Reagan set forth what became known as the “11-point superconductivity initiative” in a speech to the Federal Conference on Commercial Applications of Superconductivity.  As a part of President Reagan’s superconductivity initiative he proposed amendments to the antitrust laws to make it easier for companies to collaborate with respect to basic research, he requested changes to the Freedom…

I was reading the March 30, 2009, edition of Fortune magazine today and there is an article titled After the Panic, Innovation, written by Glenn Hutchins, a co-chief executive of the technology investment firm Silver Lake.  His brief article chronicles how we managed to get into this economic crisis and concludes that, as always, scientific advances and entrepreneurship will lead…

There is a lot of money sitting on the sidelines just waiting for the climate to change enough to warrant investment.  By some estimates the amount of capital lying in wait is perhaps as much as $10 trillion.  With no end in sight on just how low the Dow will fall, fears that banks will become nationalized have spooked investors. …