A new world leader emerged last week, Margrethe Vestager, Europe's competition chief.
In case you are keeping score (I am) this is the third woman from Europe (Angela Merkel; Christine Lagarde) whose influence is now global, especially with respect to the United States.
The story is that the European Commission has fined Google $1.2 billion. Google is in essence a monopoly for search in Europe, with 90% of the market. The thornier issue, says NYTimes' Mark Scott, is how Google can comply moving forward with Europe's regulations.
And the big NineShift trend we see is that of Europe telling U.S. companies how they have to behave in Europe. And then if U.S. companies have to follow Europe's rules in Europe, why not just follow the same standards in other countries. That is, Europe is having and will have a huge influence over corporations, U.S. or not, in this century.