Photograph by Martin Soeby/Gallery Stock
Far from lauding the rally in bond markets as a welcome sign Europe’s debt crisis may be on the wane, bankers are beginning to warn the exuberance may already be going too far. The risk is rising that bond markets...
Read more »It took just over 20 years from the discovery of the virus that causes AIDS in 1983 to the development of an effective treatment in the mid-2000s. But no one should expect similarly rapid progress against Alzheimer’s disease, says Dr....
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Photograph by Fotos International/Courtesy of Getty Images
Pablo Picasso painted Guernica and Les Demoiselles d’Avignon. Charles Schulz drew Linus, Lucy, and Charlie Brown. Do they deserve to be mentioned in the same sentence? Scott Minerd thinks so. He’s the managing partner and chief investment officer of Guggenheim...
Read more »Imran Khan led Pakistan to the world cricket championship in 1992. Now he’s a leading candidate for prime minister. On Thursday he received a warm welcome at a luncheon in Davos, Switzerland, hosted by a major Pakistani company, Pathfinder Group....
Read more »There is no official declaration, or even a formal survey. But the chatter at the World Economic Forum in Davos, Switzerland, is about the end of the financial crisis that began in 2008 and dragged on through last summer’s spike...
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Photograph by Chris Ratcliffe/Bloomberg
Russian billionaire Alisher Usmanov, second left, at the World Economic Forum in Davos, Jan. 23, 2013
For one week each year, Davos may lay claim to being the wealthiest place on Earth. This year, about 80 billionaires have joined more than 2,500 business and political leaders in the Alpine ski resort for the World Economic Forum’s...
Read more »Making American health care affordable starts with the small stuff, Aetna (AET:US) CEO Mark Bertolini said Wednesday in a session at the World Economic Forum in Davos, Switzerland. One example: People who don’t floss their teeth daily are at risk...
Read more »Billionaires are known for not keeping a lot of spending green in their wallets. But that’s not why Bill Gates hates cash. He hates it because of its effect on people at the opposite end of the wealth spectrum—the world’s...
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Photograph by Jason Alden/Bloomberg
For billionaire hunters, Davos is sacred ground. More than 75 ten-figure tycoons are mingling within the vicinity of the World Economic Forum’s Congress Centre this morning, including U.S. money manager George Soros, Russian metals mogul Oleg Deripaska and Indian energy...
Read more »Are Swiss military planners secret fans of Scott Adams’ Dilbert comic strip? The evidence says yes. Zoe Schneeweiss of Bloomberg reports that last fall the Swiss army “drilled for a conflict between two fictitious neighboring states in crisis.” Their names?...
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Photograph by Kiyoshi Ota/Bloomberg
Japanese Economy Minister Akira Amari at a Tokyo press conference.
While Switzerland hasn’t seen armed conflict since the Sonderbund civil battles of 1847, it may be home to the latest round of the global currency war this week. Japanese Economy Minister Akira Amari is pledging to use a trip to...
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