Power Brokers Return to Davos

World Economic Forum slights Hollywood, gets back to business
By Jason Farago,  Newser Staff
Posted Jan 22, 2008 12:00 PM CST
Swiss Klaus Schwab, founder and president of the World Economic Forum (WEF), answers journalist's questions during a press conference in Cologny near Geneva, Switzerland, Wednesday, January 16, 2008....   (Associated Press)
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(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 appearance, but the current pessimistic financial mood means Davos 2008 is going back to its roots.

One focus of the summit, whose theme is "The Power of Collaborative Innovation," will be the role of developing economies in global finance. The CEO of China Mobile Communications Corporation has been given star billing, and Condoleezza Rice will give a keynote speech on the Middle East's relationship to economic stability. One attendee with a new ID: Tony Blair, billed as a representative of JP Morgan.