Davos

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Female Perspective Sorely Lacking at Davos

Gender equality slow to scale the Alps forum—and everyone's the worse for it

(Newser) - Women may be the ticket out of the global recession, but World Economic Forum leaders wouldn’t know it. The predominantly male organizers have invited few women—5% of announced attendees—to the exclusive Davos forum, a misstep for a meeting billed “Shaping the Post-Crisis World,” Morice Mendoza...

Russia Scraps Plan for Nukes Near Europe

Moscow doesn't need missiles if US ditches own program in region

(Newser) - Russia will abandon its plans to deploy nuclear-capable missiles near Poland, the country's defense ministry said today. The Kremlin pulled back on the plan after President Obama announced a review of the Pentagon's controversial missile defense shield program in the region. The move offers an olive branch to Washington, says...

Paterson's Poll Numbers Tank After Debacle With Caroline

Guv cancels Davos trip to shore up support

(Newser) - New York Gov. David Paterson's poll numbers have hit the toilet as he grapples with a $15.8 billion deficit and reaction to his handling of the Caroline Kennedy Senate decision, reports the New York Daily News. The numbers have so spooked Paterson that he's decided to ditch his trip...

Wary of Image, Financial A-Listers Ditch Glitzy Davos

Top bankers, Obama advisers to skip Swiss summit

(Newser) - The swanky Davos economic summit was once a top destination for financial and economic power players, but many are skipping the glitz this year for fear of sending the wrong message in a tanking economic climate, Reuters reports. Treasury secretary-designate Timothy Geithner is sitting out the resort event, as are...

Superclass Exposes Global Elite . . .Sort Of
Superclass Exposes Global Elite . . .Sort Of
Book Review
Mar 15, 2008 5:00 PM CDT

Superclass Exposes Global Elite . . .Sort Of

Ultra-powerful rule the world, author argues, and that's not all bad

(Newser) - What do Bill Clinton, Osama Bin Laden, and Bono have in common? All are members of the powerful global elite that’s reshaping the planet, David Rothkopf argues in his new book Superclass. But Rothkopf’s isn’t a conspiracy-laden indictment, writes Salon’s Laura Miller. Rather, he contends that...

World Money Chief Calls for Global Action

IMF head foresees widespread slowdown, backs US stimulus

(Newser) - With a global recession looming, the head of the IMF has warned bankers meeting in Davos, Switzerland, that lower interest rates alone won’t avert a crisis, the Financial Times reports. Dominique Strauss-Kahn called on governments to follow the US in easing fiscal policies, reversing a quarter-century of emphasis on...

Davos Summit: a Moral Sham?
Davos Summit: a Moral Sham?
OPINION
Jan 25, 2008 9:28 PM CST

Davos Summit: a Moral Sham?

Moguls shed guilt and seek bailout money, but do pay homage to ideas: Guardian

(Newser) - The Davos summit, an annual retreat “where money comes to find morality and politics comes to meet money,” is the capital of capitalism—yet the world's economic crisis is only spoken of in whispers there, writes Julian Glover in the Guardian. Instead, moguls press the flesh with Middle...

Gates Optimism Buoys Mood in Davos
Gates Optimism Buoys Mood
in Davos
Jan 25, 2008 7:59 AM CST

Gates Optimism Buoys Mood in Davos

After glum start, 'creative capitalism' speech rallies leaders

(Newser) - An upbeat, optimistic Bill Gates livened up the dour World Economic Forum in Davos with a speech on "creative capitalism" and a pledge of $306 million to support African agriculture. After two days of muttering about the subprime fallout and an American recession, Gates told delegates yesterday to cast...

SocGen Fraud Dominates Davos Talks
SocGen Fraud Dominates Davos Talks
Jan 24, 2008 12:43 PM CST

SocGen Fraud Dominates Davos Talks

Forum delegates worry about effects on trust in financial sector

(Newser) - The revelation of enormous fraud by a rogue trader at Société Générale pushed other issues aside today at the World Economic Forum in Davos, Switzerland, CNBC reports. A panel on sovereign wealth funds turned into an impromptu discussion on repercussions of the $7.3 billion cover-up. The...

US Sneeze Doesn't Spook Many at Davos

Economic power shift has many world execs cheery about prospects

(Newser) - Bigwigs spooked by the downturn in the US economy aren't spreading their usual cheer at the World Economic Forum in Switzerland, Fortune reports, but many other Davos attendees are smiling. Representatives say the Indian and Chinese economies are strong enough to weather recession; many agree with George Soros that “...

Power Brokers Return to Davos
Power Brokers Return to Davos
Jan 22, 2008 12:00 PM CST

Power Brokers Return to Davos

World Economic Forum slights Hollywood, gets back to business

(Newser) - The Swiss ski resort of Davos turns into a giant think tank tomorrow as politicians, financiers, and other masters of the universe gather for the World Economic Forum. This year's summit will eschew some of the Hollywood glamor of sessions past, the Independent reports: Emma Thompson will put in an...

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