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October 7, 2008 9:11:27 AM CDT

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Stories related to: Davos

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7 Stories

  • March 2008

    • Superclass Exposes Global Elite . . .Sort Of

      Salon  |  Mar 15, 08 5:00 PM CDT

      Superclass Exposes Global Elite . . .Sort Of

      (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 the superclass isn’t all bad—it’s at least competent and, occasionally, generous. More »

      Tags

      Bill Clinton  • Osama bin Laden  • globalization  • global economy  • power  • Bono  • Davos  • nonfiction books  • elite

  • January 2008

    • World Money Chief Calls for Global Action

      Financial Times (UK)  |  Jan 28, 08 10:55 AM CST

      World Money Chief Calls for Global Action

      (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 tight spending. IMF forecasts due this week show a “serious slowdown” globally, he said. More »

    • Davos Summit: a Moral Sham?

      Guardian (UK)  |  Jan 25, 08 9:28 PM CST

      Davos Summit: a Moral Sham?

      (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 East oil magnates and Chinese or Russian officials—anyone who can buoy the West's wobbly economy with a nod or a phone call. More »

      Tags

      Switzerland  • economics  • world economy  • World Economic Forum  • Davos

    • Gates Optimism Buoys Mood in Davos

      Times (UK)  |  Jan 25, 08 7:59 AM CST

      Gates Optimism Buoys Mood in Davos

      (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 off their fear and construct "a new system with the twin mission of making profits and improving lives of those who don’t benefit from market forces." More »

      Tags

      Microsoft  • Bill Gates  • World Economic Forum  • Davos

    • SocGen Fraud Dominates Davos Talks

      CNBC  |  Jan 24, 08 12:43 PM CST

      SocGen Fraud Dominates Davos Talks

      (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 market turmoil that the SocGen scandal exacerbates led one delegate to say simply, "investment banks are horrendous." More »

    • US Sneeze Doesn't Spook Many at Davos

      CNN  |  Jan 23, 08 5:01 PM CST

      US Sneeze Doesn't Spook Many at Davos

      (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 “the current crisis is the end of an era based on the dollar.” More »

      Tags

      China  • India  • recession  • World Economic Forum  • Davos

    • Power Brokers Return to Davos

      Independent (UK)  |  Jan 22, 08 12:00 PM CST

      Power Brokers Return to Davos

      (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. More »

      Tags

      Condoleezza Rice  • Tony Blair  • Switzerland  • World Economic Forum  • Davos

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