China says it has more patents than any country in the world, but many are worthless, according to a Bloomberg analysis. Most patents are discarded by five years, as patent renewal fees rise, indicating that they probably didn’t have much value to begin with. It’s another example of the unintended consequences of state economic policy. China has made going high-tech a priority and set up...
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Streaming Services Should Beware Becoming Like Cable Companies
About a month ago, I finally reached my breaking point with YouTube TV, the streaming service I had subscribed to years earlier as a replacement for cable TV. I didn’t think twice about paying $40 a month for it in 2018, but after years of price increases—YouTube TV now costs $73 a month—I realized my family wasn’t watching it nearly enough to justify the money. So I ditched it. More...
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