Patent reform bill would help save US jobs

first_imgA unanimous vote by the Senate Judiciary Committee Thursday sent comprehensive patent reform legislation to the full Senate for the third time since 2008. The Patent Reform Act is authored by Senators Patrick Leahy (D-Vt.), Orrin Hatch (R-Utah), and Chuck Grassley (R-Iowa).Congressional efforts to reform the nation’s patent system first began in 2005. The legislation approved by the Judiciary Committee Thursday is the product of years of work and compromise. Enactment of the Patent Reform Act of 2011 will make the first significant changes to the patent system in nearly 60 years, and will create and protect American jobs without adding to the nation’s deficit.‘A balanced and efficient intellectual property system that rewards invention and promotes innovation through high quality patents is crucial to our nation’s economic prosperity and job growth,’ said Leahy. ‘The Patent Reform Act will allow our inventors and innovators to flourish. And it will do this without adding a penny to the deficit. I hope that the Senate will act quickly, so that we can win the future by unleashing the American inventive spirit.’‘The United States is the most innovative and entrepreneurial nation in the world,’ said Hatch. ‘If we are going to maintain our enviable position at the forefront of the world economy, it is absolutely essential for us to have an efficient and streamlined patent system. This bipartisan legislation, which would be the first major overhaul of our patent system in nearly six decades, is an important step toward maintaining our global competitive edge.’‘An effective and efficient patent system will help spur innovation and inventions and improve patent quality, and as a result, will provide incentive for entrepreneurs to create jobs,’ Grassley said. ‘I hope the full Senate will soon have an opportunity to debate this bipartisan legislation.’Leahy is the Chairman of the Senate Judiciary Committee. Hatch is the Committee’s senior Republican member and a former Chairman, and Grassley is the panel’s incoming Ranking Republican.The Patent Reform Act makes changes to inter partes review, Patent and Trademark Office funding, and supplemental examinations. The legislation will also transition the nation’s patent system to a first-inventor-to-file system, create a first-window post-grant review process, provide certainty in damages calculations and findings of willful infringement, and includes important provisions to improve patent quality. The bill is based largely on a bill introduced in the 109th Congress by House Judiciary Committee Chairman Lamar Smith (R-Texas) and Congressman Howard Berman (D-Calif.).The compromise legislation on which the patent Reform Act of 2011 is based was supported by the Obama administration and by industries and stakeholders, including the National Association of Manufacturers, the United Steelworkers, the National Venture Capital Association, the Association of American Universities, and companies representing all sectors of the patent community that have been urging action on patent reform proposals for years.  WASHINGTON (Thursday, Feb. 3, 2011) ‘last_img read more

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Polaris Shipping’s Premises Raided amid Stellar Daisy Probe

first_imgBusan Coast Guard raided the South Korean shipping company Polaris Shipping on Thursday, May 25 in relation to the sinking of the ill-fated Stellar Daisy, Yonhap reports quoting a statement from the coast guard officials.As disclosed, the raid of the company’s offices located in Seoul and Busan was aimed at collecting information that might help disclose the reason behind the sinking of the converted VLOC at the end of March this year.The raid is part of the Coast Guard’s recently launched investigation into the incident, the aftermath of which has put into the spotlight the company’s operation of the vessel and its conversion, along with the alleged “slow reaction” to distress calls sent from the ship at the time of the sinking, among other things.The 1993-built ship was carrying eight South Korean and sixteen Filipino sailors. Two of the sailors were rescued on April 1, while the remaining 22 crew members remain missing and are presumed dead.An official cause of the incident has not been provided yet.Just a few days after the incident, Polaris Shipping confirmed that another of the firm’s vessels reported a crack on the outer hull of a tank- the 1993-built bulk carrier Stellar Unicorn, and sent it for repairs.Cracks have also been found aboard Polaris-operated Stellar Queen, following an inspection of the ship which was conducted in Sao Luis, Brazil.As a result, the company launched fleet-wide inspection of its ships.Polaris Shipping is said to have agreed to provide the families of the victims with a compensation now that the on-site search has ended.The company is yet to provide World Maritime News with a comment concerning the raid reports.World Maritime News Stafflast_img read more

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Retired managers Joe Torre, Tony La Russa, Bobby Cox named to baseball’s Hall of Fame

first_img Newsroom GuidelinesNews TipsContact UsReport an Error “It’s a stunner,” said La Russa, revealed he’d like to join a club front office, “I miss the winning and losing. … Some day I’ll be with a team, I think. I’d like to be part of the competition again.”La Russa is third among managers with 2,728 wins; Cox had 2,504 and Torre 2,326.Torre had an unusual experience when he learned of his election from Hall chairman Jane Forbes Clark.“I was always trying to be like blase about this, saying that it’s something I never obsessed about, because I had no control over it,” he explained. “But when the phone call comes and I hung up on Jane Clark the first time she called this morning, not meaning to, but I didn’t have my glasses on it hits you like a sledgehammer.”The trio of retired managers was joined on the 12-man ballot by a pair of much-debated figures who died in recent years: New York Yankees owner George Steinbrenner and pioneering players’ union head Marvin Miller. LAKE BUENA VISTA, Fla. — The winter meetings began with a look back Monday when retired managers Joe Torre, Tony La Russa and Bobby Cox were unanimously elected to the baseball Hall of Fame by the expansion era committee.Torre and Cox retired as managers after the 2010 season and La Russa after leading St. Louis to the 2011 championship. Torre won four World Series titles with the Yankees, La Russa three with Oakland and the Cardinals, and Cox one with Atlanta.“They say when you’re voted to the Hall of Fame your life changes,” Cox said. “And it has. I’ve got goose bumps, and it’s the greatest honor that we could ever have.”Among the nine managers with three or more World Series titles, Torre and La Russa were the only ones not in Cooperstown.center_img Clark said no other candidates received more than six votes.Miller was on a Hall ballot for the sixth time and Steinbrenner for the second.“Over the past fifty years, no individual has come close to matching Marvin’s impact on the sport,” union head Tony Clark said in a statement. “Despite the election results, Marvin’s legacy remains intact, and will only grow stronger, while the credibility of the Hall of Fame continues to suffer.” By the time the vote was announced, the lobby in the Dolphin hotel near Walt Disney World was filled with agents and team officials arriving for the four-day session.Even before the meetings, 42 of 168 major leaguers who became free agents after the World Series already had agreements, with at least seven more deals in the process of being finalized.Since Boston finished off St. Louis for its third title in 10 seasons, Prince Fielder, Ian Kinsler, Doug Fister, Jim Johnson, David Freese and Heath Bell have been traded in a busy swaps market.“It’s not the best free-agent market,” Texas general manager Jon Daniels said, “and so I think that teams realize they weren’t going to be able to fill all of their needs, or wouldn’t necessarily want to fill all of their needs on the open market, and that led to a lot more accelerated trade conversation, and we’re seeing that play out.”Robinson Cano, Jacoby Ellsbury, Joe Nathan, Jhonny Peralta, Tim Hudson and Curtis Granderson are some of the top free agents who have already changed teams.Outfielders Shin-Soo Choo and Nelson Cruz are among the free agents still available, joined by designated hitter Kendrys Morales, shortstop Stephen Drew and pitchers Bronson Arroyo, Bartolo Colon, Matt Garza, Ubaldo Jimenez, Fernando Rodney and Ervin Santana.“It’s a bit like an art auction,” Oakland general manager Billy Beane said. “This is a time the industry is very active, you want to make sure you’re a part of what’s going on so you don’t miss anything.”Cano has the largest package, a yet-to-be-finalized deal said to be worth $240 million over 10 years for the All-Star second baseman.“Nothing should be surprising anymore. Therefore I wasn’t surprised after a moment,” New York Mets general manager Sandy Alderson said. “That kind of money has been spent before. The thing about baseball (that) is funny is that all 30 teams are on a continuum and nobody is in the same point psychologically, competitively and financially at any point in time.”After missing the playoffs for only the second time in 19 seasons, the Yankees have been big spenders despite the loss of Cano. New York has committed $307 million to add Ellsbury, Brian McCann, Carlos Beltran and Kelly Johnson and to retain Hiroki Kuroda and Brendan Ryan.“We have enough voids that we don’t have to prioritize any one,” Cashman said.New York also is interested in pitcher Masahiro Tanaka if he is made available by his Japanese team. Major League Baseball and Nippon Professional Baseball have an agreement in principle on a new posting system. If ratified by both sides, there would be a $20 million cap on the fee going to Japanese clubs for players put on the posting market, and any MLB teams bidding the specified price would be able to compete to sign the players.last_img read more

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