Davos Notebook

On wealth versus well-being

February 1, 2009

Back in the Middle Ages, no-one took any notice of Copernicus when he said the Earth was not at the centre of the universe.

In crowded Davos, keeping VIPs happy is no easy task

January 31, 2009

How do you keep VIPs — hundreds of them — happy?

You can’t, especially at the World Economic Forum. There’s no point in pulling that “Don’t you know who I am?” line here at the annual Davos gathering, which is attended by hundreds of the biggest corporate and political bigwigs.

The answer, dear bankers, lies not in yourselves, but in Shakespeare

January 31, 2009

Many of the bankers blamed for the world financial crisis have been conspicuous by their absence from this year’s World Economic Forum in Davos.

Risk Takers Anonymous

January 31, 2009

An eminent scientist who studies the brain and economics thinks that the financial industry in essence became addicted and insensitive to both risk and reward.

Climate change – does business get it?

January 30, 2009

Climate change — and the need for governments to reach a deal in Copenhagen on limiting climate-changing emissions — has been one of the central themes of this year’s World Economic Forum in Davos.

Banks to be disintermediated? or is that just replaced?

January 30, 2009

Is it actually distintermediation if the thing being disintermediated has ceased to function?

Overheard in Davos

January 30, 2009

One of the best things about Davos is the conversations you overhear. It’s like no place else.

Hank Paulson is not Gavrilo Princip, Lehman is not the Archduke Franz Ferdinand

January 29, 2009

Was letting Lehman go down the biggest mistake of the crisis? Many, including George Soros in the Financial Times, have argued that letting Lehman go down sowed panic to markets, consumers and businesses.

U.S. – They’re skint, they’re frugal, get used to it

January 29, 2009

Good session on the “Frugal American,” an as yet undiscovered species that is coming to a global economy near you.

It’s never too late to blame Greenspan

January 29, 2009

Alan Greenspan hasn’t been chairman of the Fed for three years, but his policy mistakes keep paying dividends in the form of blame at this year’s World Economic Forum in Davos.