Wednesday, January 25, 2012
Iran, capitalism and EU debt crisis to dominate Davo’s agenda
Participant at the World Economic Forum (WEF) annual meeting walk under a sign on January 25, 2012 at the Congress Center in Davos.
The world's political and business elite will shelter from the chilly winds buffeting the global economy and plot a new path for capitalism at the annual World Economic Forum in Davos which begins today.
Some 40 heads of government will rub shoulders over the next five days in the Swiss Alps with titans of commerce and industry to discuss everything from the eurozone crisis to Iran's nuclear program as well as trends in science and the arts. German Chancellor Angela Merkel is expected to kickoff the Forum with an opening address to participants today.
The theme of this year’s meeting, according to the Forum’s organizers, is “The Great Transformation: Shaping New Models, reflects the need for a profound overhaul in the face of a fraying global system and lingering economic malaise.”
“Capitalism, in its current form, no longer fits the world around us. We have failed to learn the lessons from the financial crisis of 2009. A global transformation is urgently needed and it must start with reinstating a global sense of social responsibility,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum.
The Forum will welcome close to 40 heads of state or government, including from Azerbaijan, Canada, Denmark, Ethiopia, Finland, Georgia, Germany, Guinea, Haiti, Ireland, Israel, Jordan, Kenya, Mexico, Mongolia, Morocco, the Netherlands, Nigeria, Pakistan, Panama, Peru, Poland, Qatar, Singapore, South Africa, South Sudan, Switzerland, Tanzania, Thailand, Tunisia, Ukraine and the United Kingdom.
Additional public figures participating in this year’s Meeting include US Treasury Secretary Timothy Geithner, Chief Executive of Hong Kong SAR Donald Tsang, United Nations Secretary-General Ban Ki-moon, International Monetary Fund Managing Director Christine Lagarde, World Bank President Robert B. Zoellick, Secretary-General of League of Arab States Nabil Elaraby and Presidential Candidates for Egypt, Abdel Moneim Aboul Fotouh and Amr Moussa.
Occupy - Yesterday, Swiss police announced it will charge more than 100 demonstrators with breaching the peace after they rallied in Bern Saturday to protest against the World Economic Forum.The protesters, some wearing masks, began an unauthorized demonstration but were stopped by police in Bern, 270 km (170 miles) west of the Davos ski.
Anger against income inequality and the perceived greed of the rich and powerful has fed the Occupy Wall Street Movement that spurned copy-cat protests in cities in the United States and elsewhere, including Zurich.
Occupy protesters are building an igloo camp in Davos, but few demonstrations are likely at the ski resort given stringent security measures, including exclusion zones around the main congress center and air patrols by armed fighter jets.
Some 40 heads of government will rub shoulders over the next five days in the Swiss Alps with titans of commerce and industry to discuss everything from the eurozone crisis to Iran's nuclear program as well as trends in science and the arts. German Chancellor Angela Merkel is expected to kickoff the Forum with an opening address to participants today.
The theme of this year’s meeting, according to the Forum’s organizers, is “The Great Transformation: Shaping New Models, reflects the need for a profound overhaul in the face of a fraying global system and lingering economic malaise.”
“Capitalism, in its current form, no longer fits the world around us. We have failed to learn the lessons from the financial crisis of 2009. A global transformation is urgently needed and it must start with reinstating a global sense of social responsibility,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum.
The Forum will welcome close to 40 heads of state or government, including from Azerbaijan, Canada, Denmark, Ethiopia, Finland, Georgia, Germany, Guinea, Haiti, Ireland, Israel, Jordan, Kenya, Mexico, Mongolia, Morocco, the Netherlands, Nigeria, Pakistan, Panama, Peru, Poland, Qatar, Singapore, South Africa, South Sudan, Switzerland, Tanzania, Thailand, Tunisia, Ukraine and the United Kingdom.
Additional public figures participating in this year’s Meeting include US Treasury Secretary Timothy Geithner, Chief Executive of Hong Kong SAR Donald Tsang, United Nations Secretary-General Ban Ki-moon, International Monetary Fund Managing Director Christine Lagarde, World Bank President Robert B. Zoellick, Secretary-General of League of Arab States Nabil Elaraby and Presidential Candidates for Egypt, Abdel Moneim Aboul Fotouh and Amr Moussa.
Occupy - Yesterday, Swiss police announced it will charge more than 100 demonstrators with breaching the peace after they rallied in Bern Saturday to protest against the World Economic Forum.The protesters, some wearing masks, began an unauthorized demonstration but were stopped by police in Bern, 270 km (170 miles) west of the Davos ski.
Anger against income inequality and the perceived greed of the rich and powerful has fed the Occupy Wall Street Movement that spurned copy-cat protests in cities in the United States and elsewhere, including Zurich.
Occupy protesters are building an igloo camp in Davos, but few demonstrations are likely at the ski resort given stringent security measures, including exclusion zones around the main congress center and air patrols by armed fighter jets.
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