It’s not just the differences of language, history, and culture. It’s not just the (sometimes) questionable economic data, or the paucity of good Chinese academic research until very recent times.
Today’s China is [in a class by itself]. The country has grown so quickly that every decade or so there is a very new China. And so we cannot easily look to the past as a guide. In economic terms, China seven years ago is equally removed from China today as the United States about thirty-five years ago is removed from the United States today, putting recent cyclical factors aside.
You could say that China’s recent past is relatively thin in terms of information. For a more extreme example, how well would we understand an economy which went from zero to fully grown in the span of a week?
1. Defining Mobile: 4-5.5 Inches, Portrait & One-Thumb in which Luke Wroblewski discusses smartphone interaction.
2. Apple iPad App Glitch Issue Causes American Airlines Flight Delays We’re simultaneously experiencing the benefits and drawbacks of relying on consumer grade electronics in high-stakes situations.
UPDATE: The root cause wasn’t an iPad glitch. It was a problem with a map update of Ronald Reagan airport. Also, I should clarify: the situation wasn’t high-stakes. I used that term loosely to refer to flying as having high-stakes situations. But this issue wasn’t related to such a situation. As an American Airlines spokesman said:
“That’s why it was not system-wide or a fleet-type problem,” said American Airlines spokesman Casey Norton. “It’s when the pilot accessed a particular map.” […] “We operate 7,000 flights per day,” said Norton “This is not anywhere close to a thunder storm.”
3. Bill Gates made these 15 predictions in 1999 — it’s scary how accurate he was. Great predictions with great accuracy. It shows how wide the gap is between idea and execution.
A a report published Monday by the Massachusetts Institute of Technology […] warned that the U.S. government was spending an ever-smaller percentage of its budget on basic research and development, fundamental exploration in a variety of fields that lays the groundwork for commercial products that may not emerge for years or decades, if ever.
The cutbacks might appear to be economical, but the report says they come at a high cost to both national prestige and long-term economic opportunity. “We are undercutting ourselves by not supporting basic science,” said Andrew Lo, a finance professor at MIT’s Sloan School of Management who helped write the report.
Apparel maker Under Armour believes connected fitness is the future in an increasingly digital world. While athletes are increasingly on board with this vision, investors need more convincing.
The wrist is conspicuous (fashion-influenced), conveniently “handy”, and able to support a larger, display-enabled device. Helps it be the most popular place for a wearable device, at least for now. The article includes IDC’s wearable device forecast (below; good to see). But… it really doesn’t matter what the market size is, at this point… You either have a valuable product that you can market and distribute, or you don’t.