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Sergey Brin wanted Google to start a hedge fund?

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As I explained in my last piece, skilled immigrants are leaving the U.S. in droves. This is because of economic opportunities in countries like India and China, a desire to be closer to family and friends, and a deeply flawed U.S immigration system. It doesn't matter whether we call this "brain drain" or "brain circulation"- it is a loss for America. Innovation that would otherwise be happening here is going abroad. With all the stories we read about weak infrastructure in India, authoritarianism in China, and corruption and red tape in both countries, the perception is that these entrepreneurs are facing major handicaps back home. They have no chance of competing with us, so we have nothing to worry about, right?

Smartphones have already replaced cameras and calendars for many people - and piles of gaming controllers might be next. A startup called WanderPlayer has developed a technology that turns iPhones (and soon Android phones) into controllers for computer games, no matter whether those games call for a classic controller, Wii-like motion controller, a steering wheel or five other options. Here's how it works: Users download a desktop app and a mobile app. The mobile app lists online games from around the web. Selecting a game from the mobile app menu opens it on the computer, and the two devices communicate over Wi-Fi. It's not an easy technology to make work well. "You could probably build a crude equivalent at a hackathon," says co-founder Ayo Omojola, "but both the user-interaction and performance required for games [as well as] the controllers and console that work across local environments are really difficult and take a while to get right." WanderPlayer has developed a controller without a noticeable delay that it says can work with pretty much any game (so far it's applied the technology to about 150 of them). As is, the product is impressive.

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