Displaying all articles tagged:


  1. politics
    At Davos, Trump Says U.S. Is a ‘Developing Nation Too’By any definition, it’s not — but that won’t stop Trump’s complaining over the WTO practice of providing special provisions for developing nations.
  2. Trump Booed at Davos for Calling Media ‘Vicious and Fake’The president’s prepared remarks were inoffensive (if braggadocious). Then, he went off script.
  3. Among the Globalists in Davos, Trump Warms to NAFTA and TPP“If we did a substantially better deal, I would be open to TPP,” Trump said.
  4. foreign policy
    How Will Davos Treat Trump?On one hand, globalist movers and shakers loathe an isolationist. On the other, they love a deal maker.
  5. Mnuchin: Davos Is Not ‘a Hangout for Globalists’Coastal elites may sneer at the World Economic Forum — but real Americans love it when the global superrich fly to the Alps to hear TED Talks.
  6. Fear Not, America: Davos Thinks President Trump Is Going to Be Just FineAt their winter getaway, the global economic elite warms up to right-wing populism.
  7. Falling Markets Harshing Billionaires’ Mellow at DavosIlluminati winter break spoiled.
  8. 62 Billionaires Own As Much Wealth As Half of HumanityAnd the planet’s richest one percent now own more than the bottom 99 percent, according to a new report by Oxfam.
  9. 15 Tweets That Will Make You Hate DavosPondering global inequality while sipping Champagne. 
  10. eat the rich
    Here’s What Oxfam Should Have Told the Billionaires of DavosA few suggestions for reforming plutocrats.
  11. Davos Hit by Occupy W.E.F. and Nudie ProtestsSigns included: “Crisis! Made in Davos” and “Gangsters Party in Davos.”
  12. white men with money
    Morgan Stanley CEO to Really Unhappy Bonus Whiners: ‘Just Leave’The boss has some realism for those “really unhappy” with lower compensation.
  13. white men with money who didn’t have a very good year
    Pity the Poor Souls Who Didn’t Make It Back to Davos This Year [Updated]Or maybe don’t?
  14. white men with money and snow ponies
    Who Makes Davos Attendees Look Like Ordinary People?The snow-polo players in nearby Klosters.
  15. What Is It Like to Be a Plus-One at Davos?Boring.
  16. davos
    The Embarrassing Chairs of DavosIf the furniture is any indication, the WEF is hell-bent on taking their powerful guests down a peg.
  17. fi-cri fallout
    Nicolas Sarkozy Has Had It With Jamie Dimon’s Mouth“There is an ocean between flexibility and the scandal we saw.”
  18. photo op
    Davos Wife or Davos Mistress?The bag says one thing, the stockings say another.
  19. bon mots
    Bill Clinton Longs for a Happy WifeHillary will not be happy until Chelsea bears her a grandchild.
  20. white men with money
    The Davos Mistress’s DilemmaWomen who accompany economists and bankers to the World Economic Forum can find themselves in a quandary.
  21. what happens in davos stays in davos
    Report Can’t Confirm What Words Bankers Used to Describe Reform, But Can Assure Us They Were Not NiceCockiness and disdain at Davos.
  22. photo op
    It’s Business As Usual at This Year’s World Economic ForumDrinking openly is back at Davos.
  23. company town
    Being Filthy Rich Means Never Having to Say You’re SorryFINANCE • Fortune searches Davos for financiers to express contrition over the current credit crisis but comes up empty. The closest anyone has come, the magazine notes, is the chairman and chief executive of Moody’s Corp, who said, “We and others have to retool our processes … In hindsight, it’s clear to us that there were fundamental failures in key assumptions supporting our analytical models.” Quoth Fortune: “That’s probably a little too mealy-mouthed and much too late to console people who bought the mortgage-backed commercial paper to which Moody’s and its rival Standard & Poor’s gave a top-notch AAA rating — only to discover it was actually junk.” Snap! [Fortune] • Just how big a fraud did Jérôme Kerviel, the rogue French trader, pull off? Before the bank caught him, he had taken out positions worth 50 billion euros. But some argue that he was responsible for only 1.5 billion euros in losses, and the bank’s board lost the other 3.4 billion euros unwinding his positions way too fast. Meanwhile, top executive Jean-Pierre Mustier told the Times: “I was speaking to a competitor, this competitor called me and said, ‘You are living what is a banker’s worst nightmare.’” Imagine how dramatic that must have sounded in French. [FT, NYT] • Bonuses now in the bank, Goldman rewarded bankers for a record-setting year with a special surprise: layoffs! [Deal Journal/WSJ]
  24. company town
    Mon Dieu! French Fraud Costs Bank $7 BillionFINANCE • Chase CEO Jamie Dimon has some big plans at Davos this year: “Number one on my list is world peace.” [MarketBeat/WSJ, DealBook/NYT] • Looks like Steve Schwarzman is green only with greed — his newest moneymaking scheme hinges on building huge coal plants in pristine locales in the American West. [Fortune] • Société Générale, the second biggest bank in France, found that one of its “plain vanilla” traders had taken “massive fraudulent directional positions…far beyond his limited authority” that would ultimately end up costing the bank $7 billion. It is, according to the Times, “an exceptional fraud.” Seriously! Quelle balls! [NYT]
  25. company town
    Hillary Clinton Is Going to Get So Busted by Anna WintourMEDIA • Hillary Clinton pulled out of a Vogue shoot this past fall because she was afraid of looking too feminine, and editor Anna Wintour subsequently wrote an editor’s letter about how disappointed she was. Now, Hillary’s in Bazaar’s February issue, wearing a miniskirt and platform heels! (That bears repeating: A miniskirt and platform heels.)* Anna’s going to be pissed. [WWD] • Sam Zell has ordered that the Tribune’s Internet content filters be removed. “I do not see how a member of the Fourth Estate, dedicated to protecting the First Amendment, can censor what its own employees and partners can see,” he writes. “You are now exposed to the dangers of YouTube and Facebook. Please use your best judgment.” Also, apparently if said judgment compels you to send internal communications to Romenesko, so be it. [Romenesko] • The WGA took two big demands off the table — unionization for animated movies and reality TV — and negotiations may now finally focus on paying writers for digital content. [LAT]