Tag Archives: Davos 2018

U.S. Treasury Secretary Steven Mnuchin welcomed a weaker dollar on Wednesday, sending the greenback reeling and underlining concerns that U.S. President Donald Trump is stepping up his attack on China and other big trading partners as part of his America First agenda.... ReutersU.S. official [Sec. Mnuchin] backs weak dollar amid fears of trade war Paritosh Bansal, Noah Barkin, Yara Bayoumyalso Explaining the "heresy."A weak dollar 'good' for the U.S.? It's complicated Richard Leongalso...

The head of VTB Bank Andrei Kostin, who is currently in Davos at the Economic Forum, has spoken out in relation to the situation surrounding Western sanctions against Russia. "What we modestly call sanctions, in fact, is a full-scale economic war that aims to put tremendous pressure on our economy, to restrain its growth, to worsen the living conditions of our people, to worsen our economic development, and thus to influence the domestic political situation in our country, including the...

Everything was looking so awesome this morning, until Commerce Secretary Wilbur Ross told a group in Davis that China's 2025 Technology Plan was a "direct threat" to the US, sparking another round of protectionist-fear-driven selling in stocks…. Zero HedgeUS Equities Tumble On Ross' China "Direct Threat" Comments Tyler Durden Also It appears the rhetoric coming out of Davos is slowly but surely catching up to markets - after initially just impacting the dollar - as former fund manager...

Social entrepreneurship.The post seems to view the social application of technology as the "solution." Apparently, they really don't get it. "It" is not just about making life "better" but rather making life meaningful. The issue is overcoming alienation by providing integration.Capitalism is based on alienation. Society ism fracture because individuals are fractured rather than being integrated personally and socially.So the solution involves addressing the paradoxes of liberalism. Many of...

Climate change, terrorism and the backlash against globalization are the three most significant challenges to civilization as we know it, Indian Prime Minister Narendra Modi said at the World Economic Forum’s Annual Meeting 2018 in Davos, Switzerland. These are all conditions either caused by or strongly influenced by neoliberalism, which entails neo-imperialism and neocolonialism, as well as "colonizing" the vast majority of the populations of the developed countries that heretofore had...