The great American disconnect – FT.com

English: Apple's headquarters at Infinite Loop...

English: Apple’s headquarters at Infinite Loop in Cupertino, California, USA. (Photo credit: Wikipedia)

The headquarters of eBay in San Jose, Californ...

The headquarters of eBay in San Jose, California. Photographed on August 5, 2006 by user Coolcaesar. (Photo credit: Wikipedia)

This is an excellent, must-read article from the FT. Check it out!

via The great American disconnect – FT.com.

The article looks at the growing rift between the Silicon Valley and Washington. Whereas, the Silicon Valley is seen as the future of US industry, Washington and it’s many think-tanks are increasingly risk averse.

I wonder if history will blame President Obama for failing to exploit US opportunity and innovation effectively?

Thoughts?

Japan Holds Out on Joining China-Led AIIB as Deadline Arrives – Bloomberg Business

English: Japanese Prime Minister Shinzo Abe at...

English: Japanese Prime Minister Shinzo Abe at the G8 summit in Heiligendamm. (Photo credit: Wikipedia)

This is an important story from Bloomberg Business. It’s a must-read. Check it out!

via Japan Holds Out on Joining China-Led AIIB as Deadline Arrives – Bloomberg Business.

As China’s media highlights bias in the Western media on China’s AIIB, Bloomburg highlights the excuses coming from Japan. Japan is dreaming up governance issues – but the proposals seem OK for the UK, France, Germany and Italy. Really Japan is concerned about loosing face because the Japan/US dominated Asian Development Bank has not been entirely successful – it may now get eclipsed by China’s AIIB.

Reuters too focuses on Japanese defensiveness about the AIIB. 

Surely, it’s a major mistake for Japan not to join AIIB?

Thoughts?