Davos

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Mnuchin on Greta's Fossil Fuels Comment: Go to College

Treasury secretary takes a jab at Swedish climate activist at Davos

(Newser) - The person from the Trump administration usually criticizing Greta Thunberg is President Trump himself . On Thursday at the World Economic Forum in Davos, Switzerland, however, Treasury Secretary Steven Mnuchin decided to get in on the action with a jab against the 17-year-old Swedish climate activist. The talk had turned to... More »

At Davos, Trump Talks Up America's 'Blue-Collar Boom'

President also had a lot to say about impeachment trial

(Newser) - On the first day of President Trump's impeachment trial, Republican senators stymied Democrats' attempts to bring additional evidence and witnesses, but on the witness topic, Trump says he actually wants to see those like chief of staff Mick Mulvaney and former national security adviser John Bolton brought in to... More »

Report: Russian Spies Posed as Plumbers in Davos

Though Russia raises some questions about the report

(Newser) - It sounds like the plot of a movie: Police in Davos, Switzerland, believe Russian spies attempted to infiltrate this week's World Economic Forum by posing as plumbers, according to a local report and the Financial Times . Suspicion first arose when police questioned two Russian men back in August, after... More »

Greta's Davos Warning: 8 Years to Save the Planet

She asks world leaders what they will tell their children when catastrophe strikes

(Newser) - When Greta Thunberg addressed world leaders at the Davos World Economic Forum last year, she memorably told them that "your house is on fire," notes Rolling Stone . This year? "Our house is still on fire," she declared, adding that "your inaction is fueling the flames... More »

In Davos Speech, Trump Rejects 'Prophets of Doom'

President decries climate 'alarmists'

(Newser) - President Trump addressed the World Economic Forum in Davos on Tuesday and said "predictions of apocalypse" from "prophets of doom" should be rejected, reports the BBC . Trump spent most of his speech touting the US economy, but he briefly took aim at climate activists. "These alarmists always... More »

Greta at Rally: 'You Have Not Seen Anything Yet'

Teen climate activist addresses Swiss rally ahead of Davos summit

(Newser) - Greta Thunberg gained an international following when she condemned world leaders at the UN last year over inaction on climate change. She's apparently ready for more. “To the world leaders and those in power, I would like to say that you have not seen anything yet," the... More »

Heated, Unaired Interview With Tucker Carlson Leaks

Fox host unleashes profanities on guest Rutger Bregman, and some see a 'trap' set by guest

(Newser) - It would have been quite the interview had it aired. As it is, a testy exchange between Tucker Carlson of Fox News and Dutch historian Rutger Bregman is making headlines nonetheless—because Bregman recorded it himself and leaked it to the media outlet Now This . How testy? At one point,... More »

Trump Attacks the Press, Gets Booed by the Press

President talks of 'vicious' and 'fake' reports about him

(Newser) - President Trump stuck to the script in his Friday morning speech at Davos in which he declared that the US is "open for business" thanks to a robust economy. In a surprise Q&A afterward with Klaus Schwab, founder of the World Economic Forum, Trump ventured into different territory—... More »

8 Big Lines From Trump's Davos Speech

'America is open for business'

(Newser) - President Trump gave his much-anticipated address Friday to fellow world leaders at the economic forum in Davos, Switzerland, and he stuck to a familiar theme: "America is open for business, and we are competitive once again." In the speech, Trump made the case that the US economy is... More »

2 Theories on Trump's Surprise Trip to Davos

Either he's not the anti-globalist people think, or he's relishing a fight

(Newser) - The World Economic Forum in Davos, Switzerland, is officially underway, and one topic is dominating all: President Trump. He leaves late Wednesday for the forum and will address his fellow world leaders on Friday, reports the Wall Street Journal . In doing so, he will be the first US president to... More »

8 Men Are as Rich as World's Poorest 3.6B

Oxfam calls for crackdown on tax-dodging

(Newser) - A group of people that could fit into a minivan is richer than enough of the world's population to fill nearly 50 million school buses, according to Oxfam's latest shocking report on world inequality. Eight extremely wealthy men, six of them American, have as much wealth as the... More »

Billionaire Tells Rest of Us to Live More Modestly

Jeff Greene currently has a $195M estate on the market

(Newser) - Jeff Greene describes the $195 million price tag of a 23-bathroom Beverly Hills estate he's spent seven years building—and has now put on the market—as "quite reasonable." He lives in a 35,000-square-foot estate in Palm Beach, Fla., with its own private beach. And when... More »

By Next Year, Richest 1% to Own More Than Other 99%

Oxfam calls for 7-point plan to address inequality

(Newser) - The rich really are getting richer—and by 2016, they'll own more than the rest of the world, says a research paper published by anti-poverty charity Oxfam. The paper shows that global wealth owned by the richest 1% jumped from 44% in 2009 to 48% in 2014, putting this... More »

Host 2022 Olympics? Cities Say No Thanks

Costs make gig increasingly unappealing

(Newser) - The race is on for the 2022 Winter Olympics—the race to get out of hosting, that is. Four cities that were considering hosting, including two finalists for the job, have dropped out of the running. Four finalists remain, but only two of those bids look robust. Cities just don'... More »

The Global Elite Are Getting Worried—Finally

Unelected leaders must take some responsibility: David Frum

(Newser) - Today's global elite are "answering to constituents who grow more dissatisfied ... and information-rich," observes Ian Bremmer at the Huffington Post —and as they gather at Davos, they appear concerned about their "increasing vulnerability." That's a very good thing, notes David Frum: "Over... More »

Protesters Occupy Davos —in Igloos

Group set to protest World Economic Forum

(Newser) - The Occupy movement has hit Davos ahead of the World Economic Forum, and this time protesters aren't pitching mere tents in the frigid weather. Instead, they're building an igloo village near where the WEF is set to convene, the New York Times reports. The igloos are half as... More »

Davos Brimming With Optimism for 'New Reality'

But rising food prices, political uncertainty are cause for concern

(Newser) - The Davos World Economic Forum is an optimistic place this year—the theme is “Shared Norms for the New Reality,” meaning the post-financial-crisis reality. In a poll, 48% of the assembled CEOs said they were “very confident” of growth in the next 12 months, according to the... More »

Davos: Old Boys' Club Makes Firms Send Women

World Economic Forum imposes quota

(Newser) - Women are usually in short supply at the World Economic Forum, the business world’s annual getaway in Davos, Switzerland. And this year, organizers are doing something about it. They’ve demanded that at least one out of every five senior executives companies send to the event be a woman,... More »

Larry Summers Coins a Phrase

US experiencing a 'statistical recovery and a human recession'

(Newser) - The Wall Street Journal is taken with a phrase uttered by Larry Summers today at the Davos economic summit. The US is experiencing a "statistical recovery and a human recession," said the Obama economic adviser. The phrase "should resonate through much of the industrial world, where high... More »

Bill Gates Pledges $10B for Vaccines

Largest charitable donation ever aims to save 8M children's lives

(Newser) - Bill Gates upped the ante for charitable giving again today, pledging $10 billion dollars for the development of vaccines over the next decade. The semi-retired Microsoft founder aims to save the lives of as many as 8 million children under the age of 5 in the world's poorest countries, reports... More »

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