Tag Archives: Davos

Davos: How Jamie Dimon & JPMorganChase Endanger The Public Safety


By Steve Denning – Let’s suppose that in response to the growing public concern about the practice of gambling in cockpits, the head of the most active gambling airline went to Davos and announced that it was none of anyone’s business how much gambling in cockpits was going on.

The obvious reaction would be: why are the airlines gambling in the first place? Why don’t they get back to flying airplanes?

Similarly the reaction to Jamie Dimon when he makes similarly preposterous claims for the big banks in Davos should be: “Why don’t you stop gambling with other people’s money in zero-sum games that benefit no-one but yourself, and get back to focusing on financing the world’s real economy?” more> http://tinyurl.com/al33tds

Priceless Davos Moments


English: Davos, Graubünden

Image @Wikipedia

By Michael Liebreich – Friday was filled with the sort of incidents that can only happen in Davos.

Everything is going swimmingly, we are cracking through the agenda, great discussions, and then, bam, the moderator invites Viktor Yanukovych, the President of Ukraine, to say a few words. Instead of the three minute comment he was supposed to have prepared, he unloaded a 25-minute Soviet-style speech. In Russian. After 15 minutes I felt the caffeine in my bloodstream being overwhelmed, so I slipped out for a coffee. more> http://is.gd/D7kGip

Davos man weighs future of capitalism


By Emma Thomasson and Ben Hirschler – The Occupy movement, which went global after protests against Wall Street last year, is camping in igloos to bring its argument with the super-rich “1 percent” to Davos.

“The economic and financial concentration of power in a small, privileged minority leads to a dictatorship over the rest of us. The motto ‘one person, one vote‘ is no longer valid, but ‘one dollar, one vote’. We want to change that,” says David Roth, “Camp Igloo” organizer and head of the Swiss centre-left‘s youth wing. more> http://tinyurl.com/87gmjnl