Davos Notebook

Davos Today – 29th January

By Reuters Staff
January 29, 2009

Watch interviews with top business and world leaders including the following:

    Andrei Kostin Gerard Lyons Jean-Claude Trichet George Soros Tom Glocer
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Even in crisis, NGOs pull no punches in Davos

January 28, 2009

Though a financial crisis and global recession have left many of the world’s biggest companies uncharacteristically humbled, that didn’t stop NGOs from taking shots at a few of them at the World Economic Forum.

Trust: the commodity in shortest supply

January 28, 2009

Where do I put my money?
What do I read?
Who do I listen to?
Who saw it coming?
Who made money from it?
Who will make money from it?
Who can I trust?
As Davos gets under way, my feeling from chatting with contacts and listening to conversations around me is that one thing the world economy is really suffering from right now is a crisis in trust.

from James Saft:

Whose job is it to stimulate Europe?

January 28, 2009

So do countries which can borrow money more cheaply, Germany for example, have a higher obligation to borrow, spend and make things better for everyone across Europe?

UAE Oil Minister forced to stay off Davos pistes

January 28, 2009

Deep, crisp and even – some would say the best thing about this year’s World Economic Forum is the quality of the snow on the well-groomed pistes above all the fevered debate.

Davos delegates take baby steps to new world order

January 28, 2009

The world’s business elite has been told to take a hike.

This year, the gift in the World Economic Forum’s conference bag is a plastic pedometer. Delegates gathering to discuss the dismal state of the world economy have been told to reduce traffic congestion and contribute to a “Green Davos” by walking around the Alpine ski resort, instead of jumping in a limousine.

Music no second fiddle to the credit crisis

January 28, 2009

Benjamin Zander, conductor of the Boston Philharmonic Orchestra, is a unique participant to the annual meeting of the World Economic Forum dominated by movers and shakers of the business and political world.

from James Saft:

Shocker – Davosians vote against more regulation

January 28, 2009

Duncan Niederauer, chief exec of NYSE Euronext, told a panel here at Davos that rather than inventing a whole host of new regulations, we'd be better off focusing on existing means of bringing order to markets, specifically taking a page from the exchanges books by having central clearing and more price transparancy for derivatives and off-exchange structured products. I think he's actually got a great point about clearing and better price information, but I can't see this as being anywhere near bringing regulation up to scratch.

from James Saft:

Stephen Schwarzman’s hair of the dog

January 28, 2009

jimsaftcolumnSo what is Blackstone Group chairman Stephen Schwarzman's prescription for solving the banking crisis?

from The Great Debate:

Trust: the commodity in shortest supply

By Reuters Staff
January 28, 2009

Where do I put my money?
What do I read?
Who do I listen to?
Who saw it coming?
Who made money from it?
Who will make money from it?
Who can I trust?