Reflection on the World Economic Forum – Davos, Switzerland

By Padmini Arhant

The World Economic Forum on January 27 – 31, 2010, at Davos, Switzerland contemplated the global economic crises.

Speakers from the large consortium expressed their thoughts and hope or the lack thereof about the global economic prospects at the annual meeting.

Summarizing the summit issues:

The general focus has been:

The economic recession.

The financial crisis and the need for financial reform.

U.S economy, the dollar, the deficits and the gridlock in Washington due to Special Interests’ control of Congress.

Skepticism on the EURO currency strength and concerns regarding European market from the economic struggles in Greece, Spain, Iceland, Ireland, Portugal, Latvia to name a few.

Further exacerbated by the majority euro members surpassing the 3percent budget deficit cap, a criteria for the euro currency usage.

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Padmini Arhant

Progressive Policy for National Progress and Prosperity

By Padmini Arhant

People who are frustrated with ‘business as usual’ atmosphere - where necessary tax increases, reforms are voted against to the detriment of their loved ones’ health, economic and social well being, should speak their mind fearlessly to their representatives and make informed decisions on whether to retain or reject the official in office.

The country cannot afford to function on the idiosyncrasies exhibited by the ‘Nay’ Sayers for ideological purpose and win elections by pledging to strengthen the destructive element -the ‘filibuster,’ a weapon used by the anti-populist legislators.

Conservative and moderate democrats have their own style in blocking legislations and not surprisingly, it’s carried out at the industry lobbyists’ behest.

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Thank you.

Padmini Arhant