An invention need not relyonadvanced engineering to be innovative, says Michael Page, a San Francisco patent lawyer who isn't involved in the pet-grooming litigation.
Yet in an August 2012 National Bureau of Economic Research paper titled "The Great Leveraging, " University of Virginia economist Alan Taylor examined the 79 major financial crises in advanced economies over the past 140 years and found that they are just as likely in countries that relyon domestic savings and owe little to foreign creditors.