June 21st, 2012
02:05 PM ET
NEW YORK (CNNMoney) - John Bryson resigned his post as Commerce Secretary on Thursday, less than two weeks after an episode involving a seizure and a series of traffic accidents.
Bryson, a former energy industry CEO, had served in the position since October, and his departure leaves the Obama administration with one fewer private-sector luminary.
Bryson brought significant business experience to the Commerce Department, having served as CEO and chairman of the parent company of Southern California Edison for almost 20 years.
Bryson retired from Edison in 2008, and was working as a senior adviser at private equity firm Kohlberg Kravis Roberts & Co at the time of his nomination.
Bryson's selection was widely viewed as an example of the Obama administration's efforts to improve its occasionally rocky relationship with the business community.
June 11th, 2012
03:41 PM ET
White House Correspondent Brianna Keilar has been on TV all morning reporting on the situation surrounding Commerce Secretary John Bryson. Here's the latest from her and the team at CNN Wires on what happened to Bryson in California on Saturday:
You can read the full story about Saturday's incident here.
At Monday's White House briefing, Press Secretary Jay Carney provided some limited updates on the situation. While he did link the secretary's health to the accidents, mostly Carney chose to refer members of the media to the Commerce Department for additional comments. FULL POST
April 11th, 2012
08:22 PM ET
WASHINGTON (CNN) – The protection of intellectual property is vital to virtually every aspect of the U.S. economy, according to a new report released by the Department of Commerce.
The report, titled “Intellectual Property and the U.S. Economy: Industries in Focus,” highlights many industries and exports that intellectual property supports, concluding that nearly every sector of the U.S. economy relies on or uses some aspect of intellectual property.
IP refers to the creative processes of innovation and introduction of new ideas into the economy. It includes patents, trademarks, and copyrights but also extends to ideas and the creation of words, phrases, and designs.
According to Commerce Secretary John Bryson, industries affected by intellectual property account for more than 40 million jobs, 61% of exports and more than $775 billion in goods and services. At an event in Washington DC on Wednesday, Bryson said that protecting these rights is key to keeping the United States competitive.
“It's clear that intellectual property protection is more critical than ever,” the commerce secretary said. “When Americans know their ideas will be protected, they have greater incentive to pursue advances in technologies. That helps keep us competitive and makes us competitive into the future.” FULL POST