Monday, January 26, 2009

Among The World's Financial Crisis, Leaders Meet In Davos

The Swiss mountain resort of Davos turns into a center for global economic discussions every year at the end of January. (Arnd Wiegmann/Reuters)

At Davos, Crisis Culls the Guest List -- New York Times

The Masters of the Universe no longer sit atop the magic mountain.

Not long ago, at the World Economic Forum’s annual gathering in Davos, Switzerland, Richard S. Fuld Jr. of Lehman Brothers held forth on the state of the global economy before mesmerized journalists and cowering subordinates while other Wall Street stars mingled after-hours with the likes of Claudia Schiffer, the German supermodel.

As business, government and nonprofit leaders trek up the peak originally made famous by Thomas Mann’s novel, but now better known for the gabfest that begins Tuesday, star power is no longer in, The New York Times’s Nelson D. Schwartz writes.

This year, politicians, not corporate titans, are poised to be the big draw, echoing the broader power shift away from the free market as one government after another tries to prop up its sinking economy.

Read more ....

More News On The Economic Forum At Davos

Leaders flock to Davos to discuss economic crisis -- Reuters Alertnet
Leaders to flock to Davos to discuss economic crisis -- Khaleej Times
Less Glitter, More Substance Expected at Crisis-Aware Davos -- Deutsche-Welle
A chill wind blows through Davos as global crisis bites -- The Telegraph
FACTBOX-Details on World Economic Forum meeting in Davos -- Reuters
The globalization wisdom of David Paterson -- Foreign Policy Blog
Obama aide Jarrett to attend Davos economic forum -- International Herald Tribune
Inside Davos -- Global Post

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