Expanding the Legacy
Expanding the Legacy
WEF executive chairperson Klaus Schwab (86) is taking a step back from the organisation of the talkshop that brings thousands of ‘thought leaders’ to the Swiss mountain resort Davos each year. Conceived as a low key event to allow movers and shakers to swap ideas and experiences away from probing microphones and cameras, the annual event has of late become a stage for grandstanding from where the holier-than-thou dispense lessons in ethics to the unwashed hoi polloi.
This week, a colourful cabal of cognoscenti gathered in Davos to offer diverse takes on the world’s most pressing issues. With climate change, war, pestilence, and a host of lesser plagues assailing the global village, there is no dearth of troubles nor a shortage of talking heads to address them. During a luncheon of the World Economic Forum’s International Business Council on Wednesday, Citigroup CEO Jane Fraser helpfully quipped that we all need to be mindful of the three Rs: Russia, Recession, and Rates.
The Magic Mountain by Thomas Mann (Vintage Classics – 752pp – £11.25 – ISBN: 978-0-7493-8642-9) For all its potential as a canvas for the display of human suffering, sick-lit never quite made it as a genre. In her 1926 essay On Being Ill, Virginia Woolf expressed dismay at the near-universal...
Less is more, and you better get used to it. That is the message US real estate tycoon Jeff Greene brought to the World Economic Forum (WEF) in Davos, Switzerland. One of the hundred or so billionaires to attend the annual powwow of the world’s decision makers, Mr Greene warned that Americans’ lifestyle expectation are too high: “These need to be adjusted so we have less and smaller things. We need to reinvent our whole system of life.”
Over 2,600 of the world’s most notable people have ascended to Europe’s highest mountain town for a series of meetings that aim to address ‘key issues of global importance’. Nestled at 1,560 metres above sea level in a picture-perfect Alpine valley, Davos becomes the capital of the world for a few days each year as the town’s 11,000 or so inhabitants welcome heads of state and government, captains of industry, billionaires, and scores of other allegedly prominent people who arrive to deliver their take on global affairs.
On the eve of its annual flagship meeting in the Swiss Alpine village Davos, the World Economic Forum (WEF) has released a fourteen-point discussion paper on inclusive growth and the need to shrink the widening income gap. The forum calls on the world’s policymakers to refrain from ‘vaguely aspirational’ talk and tackle growing inequality in more ‘concrete’ ways.
Davos - Pundits and assorted others in-the-know flock to the Swiss mountain village Davos in their hundreds on an annual pilgrimage that aims to explain the state of the world – invariable described as worrisome – and offers ways to improve matters – without fail rather impractical.
The ultimate networking event is set to kick off in a week with a record-setting 2,633 participants. The World Economic Forum (WEF) today released its list of invitees the organisation hopes to welcome in Davos, the posh Swiss ski resort where the event unfolds annually since 1971.
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