Without some ability to create a barrier to entry simple laws of economics mean that if you make money there will be market entrants that seek to make money competing against you. Having a strong patent position makes it more difficult for competitors to cannibalize your market (IPWatchdog).

The number of Americans filing new applications for unemployment benefits rose less than expected last week, suggesting labor market conditions are continuing to tighten (Reuters).

Millions of Americans who want a full-time job still can’t find still one. Worker paychecks are barely keeping ahead of inflation. And governments at all levels are struggling to prevent future costs from spiraling out of control (MarketWatch).