Davos

George Soros Is Feeling A Little Blue

Don't sulk, George.George Soros has been spotted in one of his natural habitats, a certain Swiss ski resort in late January. But have these days in Davos brought a smile to the 84-year-old’s face? The parties, the hob-nobbing, the receipt of genuflections that he lives for? Have they hell. If anything, they’ve turned him into fellow Davos man Paul Singer. For all George Soros wants in his declining years, in addition to a wife half his age, is some fun in the markets, an opportunity to do one last great thing that makes him an Alp-sized pile of money. In this, George Soros fears he is to be disappointed. Read more »

Will No One Heed Paul Singer’s Clarion Call?

You'll all be sorry. You'll see.

You’ll all be sorry. You’ll see.

Paul Singer has not been shy about expressing his feelings about the Federal Reserve. In effect, the hedge-fund billionaire’s argument is that quantitative easing is the root of all evil in the world and must be stopped.

Well, even though the Fed has stopped buying bonds, Paul Singer is not satisfied that he has been heard. And so he’s taken his message to Davos. Alas, no one appears to be listening on that side of the Atlantic, either. Read more »

davos-260x1701The World Economic Forum in the Swiss alpine resort of Davos, never a budget destination on the conference circuit, just got a whole lot more expensive. The franc jumped at least 14 percent today after the Swiss central bank decided now was the time to stop capping its value. A dollar today buys a Davos delegate 88 Swiss centimes, down from 97 centimes a month ago. That means a Johnny Walker Blue at the Belvedere Hotel, the schmoozer’s hostelry of choice during the forum, would set you back the equivalent of $41 today for the 36-franc whisky, about $6 more than a nightcap yesterday. Across town at the Hotel Seehof, a bottle of 2004 Dom Perignon for those in a celebratory mood will cost about $400, up from $343 before the Swiss National Bank’s announcement. [Bloomberg]

  • 24 Jan 2014 at 2:49 PM
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The Political Science Majors Shall Inherit The Earth

Or Wall Street, at least: So sayeth Duke poli. sci. alum David Rubenstein, who is apparently bored to tears by all of you Wharton B.S.s and math majors, what with your inability to think critically or quote Rousseau. Read more »

Andrew Ross Sorkin has a preliminary roster of no-shows and their excuses for sending their regrets, generally some form of “it’s a ridiculous display of ostentation and an enormous waste of time.” Read more »

  • 03 Dec 2013 at 4:01 PM

Charlie Gasparino Has An Idea

As the world’s foremost business and economics reporter, everyone expects Gasparino to attend the World Economic Forum in Davos, Switzerland. The only problem is, he doesn’t like Swiss food, he doesn’t speak German, and, most importantly, skiing is no substitute for brutalizing ones’ pecs in the weight room. For these reasons, CG is a no go. Now, if you’d host the WEF in a more congenial location–a cigar bar, perhaps, or at a boxing match–you might pique his interest. Hold it at a classy Italian restaurant on East 54th Street and, well, let’s just say you can pencil him in. Read more »