There seems to be no limit to the exciting possibilities that come from combining technical innovations, the Internet, and social media.

The global realignment is accelerating the migration of growth and wealth dynamics from the industrial world to the larger emerging economies.

America's downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the country's eroding economic strength and global standing. It renders urgent the need to regain the initiative through better economic policymaking and more coherent governance.

For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default.