To the Point
Will the America Invents Act Stimulate American Invention?
President Obama today signed the America Invents Act. Will this bipartisan legislation address abuses of patent protection and make the US more competitive with China?
By Warren Olney • • 51m ListenPresident Obama today signed that rarest of legislative enactments, a bipartisan bill. Will the America Invents Act address abuses of patent protection and make the US more competitive with China? Will it enshrine corporate advantages over the little guy? Also, a Supreme Court stay on execution puts spotlight on Rick Perry's Texas, and Swiss investment bank UBS says fraud by one of its employees cost $2 billion. Why didn't somebody notice before it was too late?
In this episode
3 storiesStay on Execution Puts Spotlight on Rick Perry's Texas
The US Supreme Court stopped an execution in Texas last night and agreed to review claims that race played an improper role in the death sentence of Duane Buck, convicted of killing his ex-girlfriend and a man who was in her apartment in 1995.
Read the story8 minWill Patent Reform Invigorate Innovation?
The idea of the patent is to protect inventors from copycats who steal their ideas. Patents are crucial to US dominance of the world economy. But the US Patent Office is 700,000 applications behind. It takes so long to get one that, before it's issued, an invention often becomes obsolete.
Read the story36 minUBS Trader Charged with $2 Billion Fraud
Swiss investment bank UBS says a 31-year old trader lost $2 billion — all on his own with bad deals. Born in Ghana, and the son of a former UN official, Kweku Adoboli appeared in a London court today on fraud and false accounting charges. UBS claims he wrote an e-mail admitting he lost the money on bad trades.
Read the story7 min
