Global Change
The World Economic Forum brings together the biggest names in finance and politics. This week, we report on the themes under discussion at WEF’s annual meeting in Davos, Switzerland.
 
Davos2010
The EU is facing financial crises that its governance bodies don't have the authority to handle.more
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The Davos Report

Alan Friedman, a longtime Davos attendee, is chairman of FBC Media, a public relations and communications firm whose roster of clients includes foreign governments. He has worked as an economics columnist for the Financial Times and the Wall Street Journal.*
Editor’s Note: This bio was amended to indicate the nature of FBC’s work.

Davos2010
January 31, 2010 11:30 PM

DAVOS, Switzerland - The World Economic Forum's 40th anniversary meeting has ended with a collective whimper, lots of moaning, and a realization that recovery may be underway but it will be uneven, with a real risk that the U.S. will run out of steam once the stimulus spending ends.

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Davos2010
January 30, 2010 8:51 AM

DAVOS, Switzerland - The annual meeting of the World Economic Forum hit its full and frenzied stride, with the ski resort's cement-block convention center packed with throngs of still jittery business leaders, bankers still crouching for cover, and India's high-powered delegation of cabinet ministers and billionaire entrepreneurs still winning the popularity contest among investors and economists here.
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The top U.S. representative in Davos, White House economic adviser Lawrence Summers, shared his thoughts Friday evening on the dollar and the U.S. economy. And, while a climate deal may not be reached this year, developments in green energy got top billing.
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Key Insights from The World Economic Forum
Before this year's World Economic Forum, much was written about the so-called Davos Man, the descriptive shorthand for those wealthy few......Read More

Some consensus is emerging on global financial regulation, Bill Gates pledges $10 billion to fund vaccine research and development over the next decade and Greece and the EU insist it will recover without a bailout. Also: Google's CEO talks about China.
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The anti-corporate activist group The Yes Men have created an elaborate hoax World Economic Forum website, with videos of world leaders turning their backs to capitalism and apologizing for  Haiti's faulty infrastructure, colonialism and the global economic crisis.

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Davos2010
January 29, 2010 7:46 AM

DAVOS, Switzerland - Global events tend to move quickly in the superheated atmosphere of the World Economic Forum meetings in this Swiss ski resort, where 1,200 CEOs and corporate executives and a couple of hundred cabinet ministers and government heads are spending the week trying to get a handle on the world economy.

So it should be no surprise that less than 24 hours after leading economists here warned of the risk of defaults by sovereign debtors such as Greece and Portugal, the Greek prime minister flew in as the Euro plunged thanks to market rumors of Greece turning variously to China or the European Union for an emergency bailout.
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Senior politicians from Canada and China provided a stark contrast on the second day of the Davos summit, one making a plea for global cooperation and the other mapping out an ambitious agenda of reform in its domestic economic policy.
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Struggling countries from the Americas to Europe took center stage during the second day of the Davos summit. President Bill Clinton renewed his appeal for aid to Haiti, while Greece's Prime Minister insisted that his country could resolve its financial crisis without loans from its neighbors in the eurozone. Read More

Davos2010
January 27, 2010 3:49 PM

DAVOS, Switzerland - The U.S. and European economic recoveries could run out of steam later this year, and they could be faced with a prolonged period of low growth, high unemployment, a huge debt overhang on both governments and households, dangerous budget deficits, and a continuing loss of competitiveness.

That was the gloomy consensus taking shape among members of the world's business, financial and political elites attending the 40th anniversary meeting of the World Economic Forum here.
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French President Nicolas Sarkozy called for a wide-ranging reevaluation of capitalism, with an eye on limiting bank size and embracing a more-unified global economy.
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Regulators and bankers locked horns this morning on the first day of the Davos summit, while economists and other business leaders shared their generally gloomy predictions for the global economy.
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Davos2010
January 26, 2010 11:40 AM

DAVOS, Switzerland - The weather forecast this week calls for temperatures in the teens and a gloomy mix of dark clouds, snow and showers. That should match the sober mood of some 2,500 members of the world's power elite as they trudge up the mountain from Zurich airport to attend the 40th meeting of the World Economic Forum. Read More


The financial crisis and widespread anger at the world's financial elite may cause a shift in power away from bankers who hail from wealthy nations at this year's Davos summit, giving developing nations the upper hand. While many senior banking executives who skipped last year's meeting will be returning this year, they are still wary of the spotlight -- and the newfound stigma of the private jet. Read More

As Davos attendees head off to dinner before the official start of the conference tomorrow,  last-minute cancellations -- including Japanese Prime Minister Yukio Hatoyama, Afghan President Hamid Karzai and Israeli Prime Minister Benjamin Netanyahu -- are piling up at what Reuters calls "an alarming rate." Read More