Davos round-up: Day 4

Congressman Barney Frank reports that after closed-door meetings with bank executives, regulators and central bankers, everyone understands that reforms are coming, and that while those reforms will be internationally coordinated, they won’t be identical from country to country.

International Monetary Fund chief Dominique Strauss-Kahn says the only way world economies will see a double-dip recession is if countries stop their stimulus spending too soon.

Obama economic adviser Larry Summers aptly summarizes that the U.S. and some other countries are experiencing a “statistical recovery and a human recession.”

Senator Lindsey Graham worries that the U.S. is letting China take the competitive edge in green technology.

WPP head Martin Sorrell, Renault-Nissan chief Carlos Ghosn and Bain & Co. chairman Orit Gadiesh argue for more women in the workplace.

Related Topics: WEF, Economy & Policy
  • Latest on Business

    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.

  • waltwriston

    “Obama economic adviser Larry Summers aptly summarizes that the U.S. and some other countries are experiencing a “statistical recovery and a human recession.”

    We’re all just boiled down to statistic what is the GDP, where’s the stock market, what’s the spot price on oil, where’s my options (gee can I reset them) etc…

    Message to the banksters (The real banksters) Change is coming, and not the kind that’s political grandstanding!

  • deconstructiva

    Larry Summers gets it: no jobs = no recovery. If more banks would start lending again and companies stop firing too that would help, but I digress.
    .
    Barbara, have a quiet, relaxing trip back.

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