The Associated Press reports that Singapore has ceded the lead to the United States in exploiting information and communications technology. According to the World Economic Forum’s “networked readiness index,” this is the third time in five years that the United States has topped the rankings. The index weighs factors such as the quality of math and science education, as well as Internet and telephone pricing. The United State’s performance was also helped by extensive cooperation between research bodies and business and the ready availability of venture capital…