On Thursday, Donald Trump will walk into the Great Hall of the People in Beijing, shake Xi Jinping's hand, and declare it a great meeting. There will be announcements. There will be numbers — billions of dollars in Chinese purchase commitments, a new bilateral mechanism with an important-sounding name, possibly a joint statement on Iran. Trump will post on Truth Social. Markets will rally briefly. Pundits will argue about who won. None of that will tell you what actually happened. What is actually happening in Beijing this week is something more consequential and more uncomfortable than the summit theatre will reveal: two leaders of two deeply mutually dependent superpowers, both of whom need this meeting to succeed for entirely different reasons, sitting across a table in a world that has already moved past the assumptions that defined their last nine months of negotiations. The Iran war changed the equations. The rare earth gambit changed the power balance. Taiwan is sitting in...
Eric Schmidt - Google's Executive Chairman says that there is no more argument anymore. YouTube wins, TV is over the future is already here. Speaking at a gathering of advertising executives Eric Schmidt has made it clear that Internet Video is not a rival anymore - TV is over. YouTube has become so popular that it receives over 1 billion visitors every month. There is now an entire younger generation that has become used to amateur video shot by people like themselves from around the world. It is not a one-way street, YouTube is interactive and therefore more appealing to a younger audience. Only Google and Facebook gets more online visitors that YouTube. The Video sharing site has grown phenomenally and has surpassed all expectations. In the US more 18 - 34 year-olds watch YouTube more than any other cable network. This shows the shift of people watching and enjoying both amateur and professional broadcasts on YouTube. Eric Schmidt did not even argue that YouTube was a competito...