{"id":43222,"date":"2019-01-27T17:17:04","date_gmt":"2019-01-27T22:17:04","guid":{"rendered":"https:\/\/olduvai.ca\/?p=43222"},"modified":"2019-01-27T17:17:08","modified_gmt":"2019-01-27T22:17:08","slug":"three-concerns-hanging-over-the-davos-elite","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=43222","title":{"rendered":"Three Concerns Hanging Over the Davos Elite"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/dailyreckoning.com\/three-concerns-hanging-over-davos-elite\/\">Three Concerns Hanging Over the Davos Elite<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This week, the global elite descended&nbsp;<a href=\"https:\/\/www.businessinsider.com\/davos-attendees-fly-private-jets-record-numbers-2019-1\">private jets<\/a>&nbsp;to their version of winter ski-camp \u2013 the lifestyles of the rich and powerful version. &nbsp;The&nbsp;<a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting\">World Economic Forum\u2019s<\/a>&nbsp;(WEF) five-day annual networking extravaganza kicked off in the upscale ski resort town of Davos, Switzerland.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Every year, the powers-that-be join the WEF, select a theme, uniting some 3000 participants ranging from public office holders to private company executives to the few organizations that truly do help fix the world that they mess up.&nbsp; This year\u2019s theme is \u201cGlobalization 4.0\u201d, or the digital revolution. The idea being, the potential tech take-over of jobs, and what wealthier countries are doing to lesser developed ones in the process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While the topic might be focused on the future, the present is just as troubling, if not more so, than the future.&nbsp;&nbsp; Such is the disconnect between real people and corporations. &nbsp;That\u2019s what the&nbsp;<a href=\"https:\/\/www.bbc.com\/news\/business-46895332\">estimated<\/a>&nbsp;600,000 Swiss Franc membership to be a part of the WEF constellation gets you as a CEO at the Davos table.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Government leaders like German Chancellor Angela Merkel, Brazil\u2019s president, Jair Bolsonaro and Chinese Vice President, Wang Qishan are in attendance this week. Business leaders like Microsoft co-founder Bill Gates and JPMorgan Chase CEO, Jamie Dimon will also take part in the festivities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yet, even though the various leaders will likely promote their achievements, what\u2019s lurking behind the pristine snowcapped Alps, is a dark foreboding of a less secure world. Nearly every major forecast from around the world is projecting an economic slowdown. As one\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-19\/world-economy-wobbles-on-eve-of-davos-with-politics-to-blame\">Bloomberg article reports<\/a>, \u201ccompanies are the most bearish since 2016 as economic data falls short of expectations and political risks mount amid an international trade war, U.S. government shutdown and Brexit.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three Concerns Hanging Over the Davos Elite This week, the global elite descended&nbsp;private jets&nbsp;to their version of winter ski-camp \u2013 the lifestyles of the rich and powerful version. &nbsp;The&nbsp;World Economic Forum\u2019s&nbsp;(WEF) five-day annual networking extravaganza kicked off in the upscale ski resort town of Davos, Switzerland. Every year, the powers-that-be join the WEF, select a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[5582,11023,2384,24163,575],"class_list":["post-43222","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-brexit","tag-daily-reckoning","tag-elite","tag-international-trade-war","tag-nomi-prins"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43222"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43222\/revisions"}],"predecessor-version":[{"id":43223,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43222\/revisions\/43223"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}