World Economic Forum at Davos
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Things you hear at #Davos that mean nothing, but everyone agrees on: "we need a growth strategy"by Ryan McCarthy via twitter 1/25/2013 12:19:06 PM -
Eric Cantor: "Jobs are going to be generated when there's a restoration of confidence again" #Davosby Ryan McCarthy via twitter 1/25/2013 12:19:08 PM
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Stiglitz: "If we had growth our deficit would disappear", not true that US is losing jobs to China #Davosby Ryan McCarthy via twitter 1/25/2013 12:19:09 PM
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Krauss - "From the outside, situation in Israel doesn't seem too tolerant..." Touché #davos #WEFby Reuters_RossChainey via twitter 1/25/2013 12:19:59 PM -
Graffiti in Davos from #WEF protesters via @amyjgardner, full report on these protesters coming up on Davos Today.
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If we continue with inequality in US, we're not going to see demand; without demand, no growth, no jobs - Stiglitz #wef #growthjobsby World Economic Forum via twitter 1/25/2013 12:21:30 PM -
Cantor: Medicare is 50 % underfunded, "no realistic projections for growth are going to help you sustain that" #Davosby Ryan McCarthy via twitter 1/25/2013 12:22:15 PM
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In the US, 10,000 people turn 65 every day and become eligible for underfunded Medicare: this is unsustainable -@EricCantor #wef #growthjobsby World Economic Forum via twitter 1/25/2013 12:23:43 PM
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Huh, Eric Cantor seemed to nod in agreement Stiglitz said US should take advantage of low rates fund public investment #Davosby Ryan McCarthy via twitter 1/25/2013 12:26:18 PM
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Commenting on make-up of panel, prof Krauss says: I should have 5 times as long, right? #davosby Reuters_RossChainey via twitter 1/25/2013 12:26:27 PM
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RT @openforumdavos: Krauss: I'm not an atheist, I'm an anti-theist. #WEF #OFD #davos #religionby Reuters_RossChainey via twitter 1/25/2013 12:27:05 PM
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If people don't feel safe, they don't spend. Firms don't feel safe, they don't invest. No matter how many tax cuts -Babacan #wef #growthjobsby World Economic Forum via twitter 1/25/2013 12:30:15 PM
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RT @Reuters_Davos: "If science proves some belief of Buddhism wrong, Buddhism will have to change." -Dalai Lama quoted by audience membe ...by Reuters_RossChainey via twitter 1/25/2013 12:31:35 PM
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Father Jamison - it's a short term historical perspective to say secular society works and religious society does not #davosby Reuters_RossChainey via twitter 1/25/2013 12:32:39 PM
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Cantor: The government can and should invest where the private sector won't #Davosby Ryan McCarthy via twitter 1/25/2013 12:33:21 PM
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Prof Krauss - "of course religion is important, but so are nuclear weapons," what place do they have in the modern world? #davosby Reuters_RossChainey via twitter 1/25/2013 12:34:47 PM
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From Reuters correspondent Dmitri Zhdannikov...Clash over Russian monetary policies just as the Kremlin is about to decide who will become the new central bank head. "What could you tell (aluminium magnate) Oleg Deripaska who says the central bank has sucked out all blood from the Russian economy (through high rates)?" Such was the question that the head of top bank Sberbank, German Gref, asked Alexei Ulyukayev, first deputy central banker. "I have 3.5 litres of blood and if mr Deripaska needs donors I could give him some," Ulyukayev replied. Ulyukayev is seen as one of the main candidates to replace current central bank head Sergei Ignatiyev when his term expires later this year.
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Suggestion that science has no spirituality is wrong. Look at how atoms work. I'm a scientist because I like mysteries - Prof Krauss #wefby Reuters_RossChainey via twitter 1/25/2013 12:38:16 PM
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The crisis was caused by private sector misallocating risk and capital. It wasn't the government - Stiglitz #wef #growthjobs #crisisby World Economic Forum via twitter 1/25/2013 12:39:42 PM
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We probably hold the record of being able to make the most mistakes - Carol Keehan, Catholic Association #davosby Reuters_RossChainey via twitter 1/25/2013 12:41:10 PM
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Our labour markets protect those who already have jobs rather than allowing in those who don't - IMF's Zhu Min #wef #growthjobs #davosby World Economic Forum via twitter 1/25/2013 12:42:38 PM
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Anti-WEF group attacks C.Suisse branch, Glencore CEO's house
ZURICH, Jan 25 (Reuters) - An organisation protesting against the World Economic Forum (WEF) in Davos has claimed responsibility for explosions that broke a window at a Zurich branch of Credit Suisse and blew up the postbox of the boss of commodity trader Glencore.
Police confirmed on Friday that protestors carried out individual attacks on a Credit Suisse branch in the upmarket residential area of Hottingen and a postbox in the lakeside suburb of Rueschlikon in the early hours of Thursday morning.
Credit Suisse confirmed that a security window of its branch had been shattered. Police said the damage amounted to several thousand francs.
A spokesperson for Glencore confirmed that an incident took place on the property of CEO Ivan Glasenberg.
No-one was injured in either attack.
An unnamed organisation posted a letter on the indymedia.ch website claiming responsibility for the attack. The letter said the group had targeted Credit Suisse and Glasenberg due to their connections to the WEF.
In 2011, left-wing activists claimed responsibility for a small explosion that broke windows at a hotel in Davos without hurting anybody.
At the time, a group calling itself Revolutionary Perspective said in a statement on an activist website it had targeted the ski resort's luxury Posthotel with a firebomb as Swiss ministers and representatives of top bank UBS were staying there. -
A single mom whose kid is in bad school must be able to choose different school; attach the money to the child -@EricCantor #wef #growthjobsby World Economic Forum via twitter 1/25/2013 12:45:02 PM
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'Why' is a stupid question. What we really mean is 'how'. - prof Krauss #davosby Reuters_RossChainey via twitter 1/25/2013 12:45:15 PM
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In a panel on creating economic growth now, Cantor can't stop revisiting the financial crisis & blaming US housing policy #Davosby Ryan McCarthy via twitter 1/25/2013 12:45:48 PM
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Risk is a good thing. It allows for allocation of capital in search of yield to build value and create jobs - @EricCantor #wef #growthjobsby World Economic Forum via twitter 1/25/2013 12:46:51 PM
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When looking at Monte Paschi, keep in mind Italian banking system was sound unlike many others -Italy econ min Grilli #wef #growthjobs #bankby World Economic Forum via twitter 1/25/2013 12:48:11 PM
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If you have ideas about how to get Italians to have more kids, Italy's econ minister would like to hear them #Davosby Ryan McCarthy via twitter 1/25/2013 12:51:32 PM
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Italy Economy Minister Grilli not happy to be asked about Monte Paschi on a. #wef panel about ways to stimulate employment #davosby ReutersLJucca via twitter 1/25/2013 12:52:59 PM -
Global warming is a potential calamity for world. We need to incentivise firms to create green jobs - Stiglitz #wef #growthjobs #climateby World Economic Forum via twitter 1/25/2013 12:53:36 PM
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RT @nicholasdunbar: JPMorgan linked to Monte dei Paschi derivative scandal says Reuters. http://reut.rs/10Ihdvnby Lauren Tara LaCapra via twitter 1/25/2013 12:55:59 PM -
If we let markets work properly, we're on the right path for long-term growth - @EricCantor #wef #growthjobs #jobs #markets #US #davosby World Economic Forum via twitter 1/25/2013 12:58:47 PM
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Britain's EU future elbows out euro woes at Davos http://tinyurl.com/bhaqmnuby emma thomasson via twitter 1/25/2013 1:00:01 PM -
At least I could tell this one is fake. #bears #davos http://instagr.am/p/U6F8DvS3DY/
by Lauren Tara LaCapra via twitter 1/25/2013 1:02:49 PM -
Thank you for following "Economic Dynamism" session on growth & youth unemployment. NEXT: the King of Jordan at #wefjordan #wef.ch/44159by World Economic Forum via twitter 1/25/2013 1:04:47 PM
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Dalio: In the world's high debt environment, productivity will drive growth #Davosby Ryan McCarthy via twitter 1/25/2013 2:12:09 PM
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Topical debate in #Davos, home of so many tuberculosis clinics 100 years ago - how do we encourage companies to make new TB drugs? #WEFby Ben Hirschler via twitter 1/25/2013 2:16:33 PM -
The Blankfein Beard: I'd say it's a good 40% of the way to Paul Singer. http://pbs.twimg.com/media/BBc3Zw7CYAATevy.png
by felix salmon via twitter 1/25/2013 2:23:38 PM -
RT @kevinroose: Bernanke is not impressed. RT @felixsalmon: The Blankfein Beard: I'd say it's a good 40% of the way to Paul Singer. http ...by felix salmon via twitter 1/25/2013 2:24:37 PM
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Dalio: global shift of massive amounts of cash into "stuff" will be a "gamechanger" #davos #GoLongInStuffby Ryan McCarthy via twitter 1/25/2013 2:25:07 PM
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Who's lunch when CEOs schmooze NGOs at Davos?
Reuters' Emma Thomasson reports:
Greenpeace director Kumi Naidoo has a packed agenda at the World Economic Forum; the South African human rights activist, who a decade ago faced down riot police in Davos with thousands of other protesters, is being courted by big business.
"All my meetings with the CEOs are requested by them and not by me," Naidoo told Reuters inside the WEF congress centre, between constant interruptions as delegates stopped to greet the head of the world's biggest environmental group.
Naidoo said one CEO told him why he is in such demand: "He said 'Some of my peers are desperate to get you at the table because they hope that they then might not be on your menu'."
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Fantastic Jeb Bush op-ed on immigration. I wish Republicans could talk like this while in office. http://online.wsj.com/article/SB10001424127887323482504578229660442099732.htmlby felix salmon via twitter 1/25/2013 2:32:46 PM
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#davos panelists almost universally declaring the end of "tail risks" in the economy.by Ryan McCarthy via twitter 1/25/2013 2:46:32 PM
Saudi King Salman assails Iran in United Nations debut
NEW YORK/DUBAI Saudi Arabia's King Salman bin Abdulaziz took aim at Iran during his debut on Wednesday at the annual United Nations meeting of world leaders, calling for a united front to contain Riyadh's rival and stop it from getting weapons of mass destruction.