In a static world these efficiencies would lead to job cuts, but withnew technological developments and an aging population, it just means staff will be redeployed and more patients will be treated for conditions that were previously incurable or could only be partially treated.
Given all of the criticism that the SEC has received over the past two years, including allegations that it was unnecessarily out of touch withdevelopments in the markets, hopefully the establishment of thesenew committees will enable the agency to improve information flows.
But withthese software patents we really do seem to be in danger of entirely stalling newdevelopments as a result of the protection we give to recent ones.