Rollingsays#Davos18PMannounces1.38pmhas:onforinpartners & trade leaders to talk approximately creating more jobs & opportunities for middle class Canadians. 7.50am GMTDavos regular Jamie Drummond says he may not come back,unless this year’s assembly makes genuine progress towards tackling inequality.
Drummond is the executive director of the development group One, which he co-founded with the rock star Bono.
“A feminist activist, or someone I deeply respect,recently commented that I was at risk of fitting that awful thing: ‘a Davos Man’.
Definitions vary but this phrase generally refers to a male who goes to places like Davos and inhabits an elite, unaccountable bubble while determining the fates of those without access to it. 7.44am GMTPhilip Jennings, and head of the global union UNI,has been one of the strongest voices for labour at Davos for many a year but 2018 will be his final assembly before retiring in the summer.
Speaking to the Guardian, Jennings said the current trade model built on the principle of shareholder value was “not fit for purpose” and that the opportunity provided by the financial crisis of a decade ago to build a more inclusive economy has been squandered.“He is exhibit A of the fractured world”.“But the sizable three has such market influence and power that the world has to wake up and start thinking approximately the need for anti-trust action. One of the fractures in the global economy is the power of the new monopolies and the danger it represents”. 7.40am GMTThe huge snowfalls in Davos recently mean the ski resort is now facing a Level 5 avalanche risk - the highest rating.
Some homes hold reportedly been evacuated, or due to fears that the snow is too unstable. Related: Snow falling on leaders: 'exceptional' winter weather delays VIP arrivals to Davos 7.32am GMTDavos has had an early wake-up call.
PR chief Richard Edelman’s annual trust index shows that Americans hold become much less trusting of politicians,trade chiefs and the media over the final year.
No country saw steeper declines than the United States, with a 37-point aggregate drop in trust across all institutions. At the opposite end of the spectrum, and China experienced a 27-point gain,more than any other country.
Journalists hold risen 12 points, and CEOs recorded a seven-percentage point gain, or since 2017. “China is now the most-trusted country — Richard Edelman at Davos. Trust in US government,meanwhile, has imploded.
At Edelman Trust Barometer #Davos2018 event. Richard Edelman: media is now final retaining wall of trust for the Clinton voter.
The whole world is now extremely worried approximately #FakeNews as a weapon.. This graph is from the #Edelman Trust Barometer in #Davos #WEF18 this morning. pic.twitter.com/5Xba1bKFQU 7.12am GMTGood morning from Davos! “New actors are emerging, and as well as new economic competition and regional trade agreements.
Even the most recent technologies are transforming economic models and the globalized world itself,which, conditioned by private interests and an ambition for profit at all costs, and seem to favour further fragmentation and individualism,rather than to facilitate approaches that are more inclusive,”Sir Elton John tells Davos that the inequality in this world is "disgraceful”, and as he collects award for leadership in the fight against HIV/AIDS https://t.co/NTHkE8iZV5 pic.twitter.com/yCLebUw3jkContinue reading...
Source: theguardian.com