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  • Swallowing China's Party Line

    Newsweek | Jan 24, 2008 06:46 PM
    By Elizabeth Economy, the Council on Foreign Relations

    I have been searching in vain for some fresh faces and thinking in the Chinese delegation to Davos. Representatives from other countries typically bring a broad range of perspectives on world affairs and some feisty commentary on the situation in their home countries to the table. The Chinese delegation, in contrast, seems overpopulated with senior officials and business leaders who simply serve up the party line.

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  • Best of Davos: Soundbite(s)

    Arlene Getz | Jan 24, 2008 10:51 AM
    Shimon Peres lived up to Tony Blair's billing as master of the sound bite when the Israeli President delivered the opening remarks at a panel on the future of the Middle East today.

    "I've just come from a discussion about [how] the world needs a conductor," he said. "I'm not sure. I think the world needs a composer, because conducting is about the past, composing is about the future."

    Blair too proceeded to show how he'd earned his reputation for quotable quotes.
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  • After Subprimes, the Next Mess?

    Arlene Getz | Jan 24, 2008 09:05 AM
    As if the subprime crisis weren't bad enough, at least one expert here is already predicting the next big crunch area: credit cards. Ken Rosen, a UC Berkeley professor in Davos as a special adviser on real estate for the World Economic Forum, says that the industry has been pushing credit cards "to all sorts of unsuitable people." As with the mortgage crisis, he says, lenders aren't checking to see if borrowers can afford to re-pay the money. And that trend could affect car loans as well, he says. More
  • New Establishment Meets Old Establishment

    Daniel Gross | Jan 24, 2008 07:02 AM

    Google, founded well into the Davos era, has quickly emerged as a blue-chip company, a member in good standing of the global elite. And as such, it has established an interactive presence at Davos. In an alcove in a key spot in the Congress Center, Google has set up a series of computers equipped with webcams. It brings leaders and participants by and poses the Davos question: What one thing can people, companies, and governments do to make the world a better place in 2008?  It’s very Google—intent on doing good, totally digital, and willfully quirky. It’s funny to watch older leaders coping with new media. Bono’s answer is likely to get a lot of hits.  But one of the first big gets was former Secretary of State Henry Kissinger, who seems to be growing shorter and rounder—he rolls through the center like a bespoke-suited bowling ball—to peer into the webcam. (Click here to watch it.)

     

    Also check out former Israeli Prime Minster Shimon Peres greeting YouTube viewers and waiting for questions to be posed by the webcam.

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  • Sex, Showers and AIDS

    Arlene Getz | Jan 24, 2008 05:11 AM


    So does South Africa's likely-president-in-waiting really believe that taking a shower can prevent AIDS? No, says Jacob Zuma, the controversial choice to succeed President Thabo Mbeki as leader of his country's ruling African National Congress (ANC). Zuma's election as ANC head last month makes him an apparent shoo-in to take over the national presidency when Mbeki's term in expires in 2009--provided Zuma isn't first convicted on possible criminal charges arising from a long running local corruption scandal.

    Zuma, though, is best remembered for his infamous shower comment during a previous brush with the courts: when he faced a charge of raping a young HIV-positive woman who said she'd considered him her mentor. Zuma said the sex was consensual and was acquitted of rape, but his remark about a post-coital shower has continued to haunt him in a nation afflicted by one of the world's highest HIV infection rates.
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  • Best of Davos: Dining

    Rana Foroohar | Jan 24, 2008 04:53 AM
    Despite the stellar clientelle, dining in Davos (like lodging) is almost always sub-standard. VIPs reconcile
    themselves to meaningful conversation over rubber chicken and mystery sauces. So last night's dinner at
    the Schatzalp Hotel, cooked by Chez Panisse founder Alice Waters with ingredients sourced from local
    farmers and merchants, was a revelation.
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  • Social Networking Gets Corporate

    Arlene Getz | Jan 24, 2008 05:05 AM

    Anyone who thinks that sites like MySpace and FaceBook are the preserve of the young are in for a re-think. At a Davos dinner called "Add a Friend: Accept or Decline", the discussion was all about how community sites can be used for product testing and brand building. One of the participants, Forrester Research CEO George F. Colony, predicts that corporate participation on the social sites is "going to explode" in the year ahead.

    Other Forrester predictions:

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