At the World Economic Forum in Davos, Switzerland, Google guru Eric Schmidt gave an answer regarding the evolution of the web. “I will answer very simply that the internet will disappear,” Schmidt said on Thursday.
It’s doubtful the Davos forum will address unemployment as the participants are more concerned with what model of car they should buy than care about people who work for living, says Curtis Ellis Executive Director of the American Jobs Alliance.
The current oil price decline can be explained by heavy selling in US future markets which is part of an all-out economic war between the US and countries like Russia, Iran and Venezuela, says financial journalist, Willem Middelkoop.
The Davos meeting is not looking for world crisis solutions but plotting more controls, ‘banksterism’ and power elite benefits, says economic journalist Lew Rockwell. They are going to tax and rip off their own people to even greater extent, he added.
The UK has fallen from the top 20 in the global rankings for gender equality, a study by the World Economic Forum (WEF) shows. Commentators attribute the fall to low levels of female economic participation.
On the eve of the Davos forum Bill Gates, the world’s richest man, said that “the world is better than it has ever been before,” but experts at the forum in Switzerland suggest his view from the top may be a bit foggy.
Russia’s 'failure' to build capitalism without a market economy costs it almost two thirds of GDP, Russian tycoon Oleg Deripaska told RT on the sidelines of the World Economic Forum in Davos. He also says the country lacks entrepreneurial expertise.
Russia is not interested in high oil prices, nor is it in them going down, PM Medvedev said at the World Economic Forum in Davos. "The current level of oil prices is more or less perfect for both manufacturers and consumers," Medvedev said.