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Article: Increased US Innovation Seen As Providing Lasting Benefits

Invent, Invent, Invent
New York Times
June 28, 2009
http://www.nytimes.com/2009/06/28/opinion/28friedman.html?_r=1&scp=1&sq=%2b%22National+Science+Foundation%22&st=nyt

In his New York Times (6/28, WK8) column, Thomas Friedman noted that, "historically, recessions have been a time when new companies...get born, and good companies separate themselves from their competition." And, "the country that uses this crisis to make its population smarter and more innovative...is the one that will not just survive but thrive down the road." Craig Barrett, the former chairman of Intel, "argues that we should also use this crisis to: 1) require every state to benchmark their education standards against the best in the world;... 2) double the budgets for basic scientific research at the National Science Foundation, the Department of Energy and the National Institute of Standards and Technology; 3) lower the corporate tax rate; 4) revamp Sarbanes-Oxley so that it is easier to start a small business; 5) find a cost-effective way to extend health care to every American." Friedman concluded, "We need to do all we can now to get more brains connected to more capital to spawn more new companies faster."

From ASEE First Bell

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