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Davos 2010

  • Date Submitted: 03/27/2010 07:47 AM
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Davos 2010: Day four as it happens  
By Andy McFarlane

1520 The BBC's Kristina Block says: "Bumped into news photographer in the corridor. She's on her way to take pictures of an anti-wef demonstration. Though demonstration may be exaggerated - word of mouth is there are only 30 or so marching against capitalism."
1502 The BBC's Tanya Beckett writes: The Davos meeting seems to be moving to a close with consensus over banking reform and the need to continue to nurture the fragile recovery. Perhaps the early impassioned warning from President Sarkozy prevented a more self-congratulatory tone which often prevailed in years gone by, ensuring a constructive few days.
Germany defence minister tells me: unclear how re-modelling of NATO's Strategic Concept is going.
1440 The main UN communications and technology agency claims countries are at danger of going to war because of cyber-attacks and says it must draw up a treaty to prevent this happening.
  wef Session on weak signals: "everyone in this room is pessimistic, that's a weak signal for optimism"
1428 The BBC's Simon Jack says that "in a way it's 1-0 to the bankers" because of the such widely-differing views on how to regulate the industry.
1426 Indian businessman Anand Mahindra disagrees with MrWonderfulReality (below). He's tweeted from Davos - in proper tweet speak - that you can't beat one-to-one networking, which he says is the key to Davos' success.
Davos moment: I just asked the person in front of me how many employees he has. He answered "only" 300,000 ;)
MrWonderfulReality_ writes: _I do not understand why such meetings cannot be achieved and replaced via internet communication and then an actual summit used solely for signing of agreements.
1353 Davide Serra, who runs the hedge fund Algebris - and was once a semi-professional volleyball player if reports are to be believed, calls for fewer regulating bodies. He suggests the...


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