World Economic Forum opens in Davos amid economic turmoil, page

World Economic Forum opens in Davos amid economic turmoil

www.channelnewsasia.com

DAVOS, Switzerland : The annual Davos gathering of the world's political and business elite opened Wednesday, dominated by the deep cut in US interest rates aimed at preventing recession and supporting world stock markets.

In recent years the annual meeting in the Swiss ski resort has been against a backdrop of bumper corporate profits, strong economic growth and tame inflation.

But as the 38th World Economic Forum opened the global economy is now faced with huge slides in stock markets, slowing growth, the sub-prime crisis and increasing oil, food and other commodity prices.

(visit the link for the full news article)

More bilderberg like meetings going on. Wonder what the outcome will be, if any

www.channelnewsasia.com
(visit the link for the full news article)

Iranian sailors chase off pirates attacking U.S. ship
  Posted 2 days ago with 92 member flags

Iraq and Afghanistan veterans to return their medals to protest war on terror at Chicago NATO summit
  Posted 10 days ago with 82 member flags

Blatant Corruption Exposed as EU Blocks France\'s Ban on Monsanto\'s GMO Maize
  Posted 2 days ago with 81 member flags

Fukushima fuel pool is urgent national security issue for America, \'top threat facing humanity\'
  Posted 19 days ago with 80 member flags

Congressmen Seek To Lift Propaganda Ban
  Posted 6 days ago with 73 member flags

Shocking Video Of Kelly Thomas Beating Death Released. Watch With Caution.
  Posted 18 days ago with 71 member flags

Electricity generated from water: BlackLight Power announces validation of its scientific breakthrou
  Posted 3 days ago with 65 member flags

Man Loses $22,000 In New \'Policing For Profit\' Case
  Posted 4 days ago with 63 member flags