Mehmet Simsek, finance minister of Turkey, says further easing by the European Central Bank will help the country's economy.» Read More
Yeah, right. Actually, the working sessions and panels are better attended than any conference I've ever seen.
I’m so behind in opening up my mail, I must have 60 new books I still need to look at, but I did open one package today from McGrawHill. Inside, Robert Slater’s newest book, “SOROS: The World’s Most Influential Investor.”
Why can't the banks trust each other? I mean, they can pay back their money, can't they? Don't they just make more?
What turns blue even though it's in the red? The answer today: a banker at Davos.
What's the remedy for Bono-fatigue? The world's foremost martial arts action movie star--Jet Li.
The Chinese economy will stage a "quick rebound" of economic growth, but the US has a tougher job, facing the loss of $1 trillion in consumption, Zhu Min, executive vice president of Bank of China, told CNBC.com.
"If it looks like a bank and quacks like a bank, we've got to capitalize it as a bank," FSA Chairman Lord Adair Turner tells CNBC.
Billionaire financier George Soros told CNBC he disagrees with plans to create a new government entity to buy up troubled bank loans.
Turns out the pedometer does not send your step count back to some centralized database. Which means my bonanza score of 22,000 steps is gone!!!
The mood is more serious that last year, but not more somber. A few intense discussions were drawing in participants from around the center in between session, although the requisite numbers were propped up at the Plenary Bar--a notable meeting spot.
Joe's pee smells after he eats asparagus. That's what he announced to me, and the rest of the world, on Squawk this morning.
If an army travels on its stomach, it's not surprising that the Davos army can be drawn by scents of comestibles.
Infosys CEO Kris Gopalakrishnan is guest blogging for CNBC.com at WEF. Here are some of his thoughts he related to us as the event gets underway, including what he hopes to see from the sessions, what his company discloses on banks and what he hopes to see at the buffet table.
Alcatel-Lucent CEO Ben Verwaayen is guest blogging for CNBC.com. Here are some of his thoughts related to us on the first day at Davos, including the shift from chit-chat to note- taking, the presence of Russia and China and if executives really travel here touting cost cuts.
"If Davos wouldn't be there we'd have to invent it, given the circumstances we're in," Ben Verwaayen, CEO of Alcatel-Lucent, told CNBC.com.
Mostly, it's a pretty gloomy outlook here. But sometimes, you hear from those who have a sunnier disposition, at least relatively speaking.
I am very worried about my 22,000 step windfall from yesterday. My pedometer mysteriously reset itself last night and went back to zero!
That was the opinion of economist Nouriel Roubini, of RGE Monitor, who was one of the first people to predict the housing crisis, speaking to "Squawk Box Europe" this morning.
I am so winning this pedometer contest. Not because I walk more than anybody. But because security backfired!
We caught up with the head of WPP on his way to dinner. Check out his hat.