In 2012 Facebook, Apple Focus Missed the Point

Despite some good news, 2012 was a bad year for the economy and for businesses. Much of that badness can be traced to state of American politics that is like a blood clot in America’s brain — blocking a deal on the self-inflicted wound dubbed the fiscal cliff – and threatening fatal consequences if it bursts.

On the economic and business front, there are two kinds of good news. The first is the news that has been reported obsessively and the second is what the media misses. When it comes to business and economics, the public’s attention was focused on the software and hardware of social media – particularly Facebook (FB) and Apple (AAPL). Read more.