An article published on CNN under the misleading title of "Recession's latest victim: U.S. innovation" (note to CNN: patents do not equal innovation) reveals that for the first time since 1996 there has been a year on year decrease in the number of patent applicaiotns filed at the US Patent and Trademark Office. The piece coincides with the recent release of the office's annual report. For those with a stake in the financial health of the USPTO, as well as in its ability to issue quality patents in a timely manner, the two read back to back are pretty depressing.

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