Davos round-up: Day 2

Bill Clinton pops by to encourage continued support of Haiti and says the nation could emerge with an economy stronger than it had before.

Greek Prime Minister George Papandreou denies that his country is looking for emergency funding to finance its budget deficit.

The heads of Bank of America, UBS, Deutsche Bank, Credit Suisse, Barclays and HSBC hold a private meeting to figure out how to talk publicly about regulatory reform. Next door, Congressman Barney Frank holds a meeting of his own with private equity investors.

Vice premier Li Keqiang reports that China will actively drum up consumer demand so that the nation’s economy won’t be so dependent on exports. (Consumer good sales, by the way, are already up 15% year-over-year.)

Oil industry execs get very excited about the prospect of extracting natural gas from shale rock in North America.

MIT cognitive scientist Josh Tenenbaum explains why collective intelligence might be one of counter-terrorism’s best hopes.

London mayor Boris Johnson asks bankers to please not leave London for Switzerland in the wake of the U.K’s 50% banker bonus tax.

Related Topics: WEF, Economy & Policy
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    LM Otero / AP

    Senate Approves Hike in Airline Security Fees

    (WASHINGTON) — A Democratic-controlled Senate panel Tuesday approved a $2.50 increase in airline security fees that would double the per-passenger fee for those taking nonstop flights.

    Why Greece Isn't Leaving the Eurozone YetSlate

    Associated Press

    Stocks Rally Further in Run-up to EU Summit

    MOSCOW — Global stocks enjoyed one of their best days in weeks on Tuesday ahead of a summit of European leaders that’s expected to be dominated by calls to boost economic growth.

    Europe remains the focus of attention across all financial markets in the run-up to the June 17 Greek election that could go a long way to determining the country’s membership of the euro as well as the future of the single currency zone.

  • parakori

    There are painters who transform the sun to a yellow spot,
    but there are others who with the help of their art and their intelligence,
    transform a yellow spot into the sun….

    —Pablo Picasso —
    (1881 – 1973)

    http://japan-russia.jimdo.com/

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