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The U.S. Economy Kee |
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| When a natural disaster practically wipes a major city off the map ?at least temporarily ?it should be expected to have a catastrophic effect on a nation뭩 economy. But although there was a Katrina-induced fourth-quarter lull, there is no question that the economy is once more surging. |
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The Economics of the |
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| Most people have heard of the 80-20 Rule. It was formulated in 1906 by an Italian economist named Vilfredo Pareto. In its original form, it states that 20 percent of the people will hold 80 percent of the wealth in any free economy. Further research has shown that it applies to many other aspects of the economy. |
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The Patent Epidemic |
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| Back in 2001, something strange happened in the world of patent law. Microsoft, which had been fighting a lawsuit by Priceline, suddenly gave up. The suit, filed in late 1999, claimed that Priceline had patented its “name your own price” auction strategy, and that no one else could use it without a license from the company. Microsoft had been using a similar strategy on its Expedia travel site and had been arguing in U.S. District Court in Connecticut that the auction method was too obvious to be patented. |
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China"s Trouble |
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| Anyone who goes to visit China today sees the progress that has made headlines. |
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Oil Prices Are Poise |
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| As explained in the June 2006 Trends issue, the price of oil is not up because the world is running out of oil. |
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