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NY Times to the Rescue…► April 4, 2010► OP-ED COLUMNIST ------------ NEW YORK TIMES► Start-Ups, Not Bailouts► By THOMAS L. FRIEDMAN► Here’s my fun fact for the day …. courtesy of Robert Litan,who directs research at the Kauffman Foundation, whichspecializes in promoting innovation in America: “Between1980 and 2005, virtually all net new jobs created in theU.S. were created by firms that were 5 years old or less,”said Litan. “That is about 40 million jobs. That means theestablished firms created no new net jobs during thatperiod.”4

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