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You are here: Home / Link Roundup / PBO Link Roundup for July 26th, 2011

PBO Link Roundup for July 26th, 2011

July 26, 2011 By Jerod Morris

As the squabbling continues in Washington over the debt ceiling, and the dollar falls worldwide, there was actually a good and unexpected bit of economic news. These stories and more (Who really owns America’s debt? Why are hackers targeting small firms?) in today’s link roundup.

US dollar declines as parties spar over debt ceiling — BBC

The US dollar has fallen against other major currencies as talks continue over how to reach a deal to avert a US debt default.

The US dollar was at $1.6391 against the UK pound, from $1.6280 late on Monday. The dollar was also down against the euro, to 1.4465 from 1.4378, and against the Swiss franc.

The US risks default without a deal to raise the borrowing limit by 2 August.

Consumer Confidence in U.S. Unexpectedly Increased in July — Bloomberg

Confidence among U.S. consumers unexpectedly rose in July from an eight-month low, led by a rebound in the outlook for jobs over the next six months. The Conference Board’s index climbed to 59.5 from a revised 57.6 reading in June that was lower than previously estimated, figures from the New York-based private research group showed today. Economists predicted the July gauge would fall to 56, according to the median forecast in a Bloomberg News survey.  

Who owns America? Hint: It’s not China — CNN (via Global Post)

Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America’s $14.3 trillion in government debt.

But there’s one little problem with that conventional wisdom: it’s just not true. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it’s really Americans who hold most of America’s debt.

When Patents Attack — NPR

But Myhrvold’s company has a different image among many Silicon Valley insiders.

The influential blog Techdirt regularly refers to Intellectual Ventures as a patent troll. IPWatchdog, an intellectual property site, called IV “patent troll public enemy #1.” These blogs write about how Intellectual Ventures has amassed one of the largest patent portfolios in existence and is going around to technology companies demanding money to license these patents.

Patents are a big deal in the software industry right now. Lawsuits are proliferating. Big technology companies are spending billions of dollars to buy up huge patent portfolios in order to defend themselves. Computer programmers say patents are hindering innovation.

Study: Recession Hit Small Firms Harder, But Credit Not to Blame — WSJ

The Federal Reserve Bank of New York released a study Thursday arguing that small businesses experienced steeper job declines than large firms during the recession due mainly to weak sales and economic uncertainly.

Hackers Shift Attacks to Small Firms — WSJ

Hackers are expanding their sights beyond multinationals to include any business that stores data in electronic form. Small companies, which are making the leap to computerized systems and digital records, have now become hackers’ main target.

© 2011 Generational Equity, LLC All Rights Reserved

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Filed Under: Link Roundup Tagged With: Consumer Confidence, Intellectual Ventures, small, US

About Jerod Morris

In addition to producing the link roundups and managing the online promotion of the Private Business Owner, Jerod is also the founder and Managing Editor of Midwest Sports Fans and Primility.com, as well as the Director of Blogging and Social Media for Orangecast. Jerod interacts on Twitter avidly: @JerodMorris, so contact him there or via email at jerodmorris40 [at] gmail [dot] com. (And yes, he's on Google+ as well.)

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