DAVOS

...Davos once again is swarming with business leaders, politicians and those of the academe, and of course some celebrity that has no business being there...I wonder who will it be this time???I just don't put too much credibility on a forum that had Angelina Jolie and Richard Gere in attendance...It boggles the mind how they're invited there...unless they acted as a representative of corporate Hollywood...

...I was watching the interview of James Turley of Ernst and Young...He predicted that growth might picked up at the end of 2009..I wonder if it's during the christmas season...hmmm...He also implied that recession is a part of the capitalist system, and overtime it would correct itself...What if we're seeing now is the complete collapse eh???

...There are some quotable quotes from the world economic forum that I find interesting indeed..


"We have to face the fact that our economic approach benefits a few, but doesn’t bring any benefits for the masses."
Philip J. Jennings, General Secretary, UNI Global Union, Switzerland


...Dude,this is freaking old news!!Where have you been for the last hundred years...Where do you think communism and socialism ideas came from???



"We are not happy with $40 a barrel or even $50. This is not enough to permit our member countries to invest and if they don’t invest now, there will not be enough capacity to meet the increased demand when the economy recovers."
Abdalla Salem El Badri, Secretary-General, OPEC, Vienna



...Sir, would you be happy with $100 then, or you still think that is not enough???This is the case of people wanting more profit amidst global crisis..



Free market fundamentalism was a mistake. To go to the other extreme would also be a mistake.

Ken Rosen, Chairman, Fisher Center for Real Estate and Urban Economics and Professor Emeritus, University of California, Berkeley, USA

....So we go to the lesser of the two evils...but have you already tried the other side????