I think it’s starting to sink in those thick skulls that a lot of people are very, very angry with the corporate elite : Left-wing activists claimed responsibility for a minor explosion on Thursday at a hotel in Davos, close to where top executives and world leaders were meeting, but nobody was hurt. Devin Wenig, CEO of Thomson Reuters’ Markets division, was in a breakfast meeting of senior executives at the hotel when the explosion happened. “A huge boom went off. The whole ceiling lifted. Everyone was convinced it was a bomb,” he said. “It took a half hour to reassemble the meeting.” Participants were later told that a boiler had exploded, he added. The Forum’s main programme was not disrupted. A group calling itself Revolutionary Perspective said in a statement on an activist website it had targeted the luxury Posthotel with a firebomb and said Swiss ministers and representatives of top bank UBS were staying there. “Our fight against the dictatorship of capital is focused on the social alternative to capitalism: communism,” the group said in the statement . Someone noted yesterday that the makeup of the Egyptian demonstrators had changed — that the middle class had broken through the “fear barrier” and had now taken to the streets. Think about that, because all over the world, the fear barriers are starting to fall and this is a huge threat to the global establishment, the very people who flock to Davos each year for the World Economic Forum: Poverty and unemployment reared their heads at the World Economic Forum on Thursday, with speakers urging the elite audience to bridge a growing gap between booming multinationals and the jobless poor. Greek Prime Minister George Papandreou, who also chairs the Socialist International group of center-left parties, said the global crisis had led to an “unsustainable” race to the bottom in labor standards and social protection in developed nations. “Politically, I believe we are at a turning point where… there are signs in Europe of more nationalism, more racism, anti-Muslim, anti-Semitism, fundamentalisms of all types,” he said. “We need to look to a different model.” Maurice Levy, chairman and chief executive of French advertising giant Publicis, said there was “a huge suspicion about CEOs, bankers, corporations.” “People do not understand that these large corporations are doing extremely well, while their lives have not improved and without the support of the people, there is no way we will be able to grow,” he told a panel discussion. “We have been led by greed. We have been led by only the bottom line, the profit and we have sacrificed the workers in order to please the stockholders.” Former U.S. President Bill Clinton said tackling income inequalities was essential to future growth and needed to be part of the core of doing business in the 21st century .
Continue reading …First he was soaked by a water cannon ; now Nobel Peace laureate Mohamed ElBaradei has been placed under house arrest by Egyptian security officials. The AP reports that police are stationed outside his suburban Cairo home, and have told him that he cannot leave. Earlier, police beat ElBaradei’s supporters with…
Continue reading …A gargantuan Dutchman serving time for fraud is seeking early release because his cell just isn’t big enough. The prisoner—who is 7 feet tall and weight 500 pounds—says he can’t sleep properly or use the cell’s shower and toilet without extreme discomfort, the BBC reports. He is seeking…
Continue reading …Violent protests have spread across the Egyptian capital, Cairo, and other Egyptian cities as tens of thousands of demonstrators intensified their campaign to oust President Hosni Mubarak. Protesters have been pouring out from mosques after noon prayers on Friday and clashing with police who fired tear gas, rubber bullets and water cannons to disperse the crowds. This video explains the geographic spread of Cairo protests. Al Jazeera is mapping Egypt’s ‘day of wrath’ – visit this link on our website: bit.ly – for more information.
Continue reading …Think the Volkswagen XL1 concept is too far out there to ever get built? Tell that to the blokes in Wolfsberg. German source Automobilewoche is reporting that executives Ferdinand Piech and Martin Winterkorn both confirmed that the car will be produced in small numbers, first for Germany and later coming to the US and China. It’s powered by a diesel engine with less than one liter of displacement, managing 313mpg combined (that’s Imperial, 260mpg using American units) putting out just 48hp and thankfully assisted by a 27hp electric motor. Not much, but enough for the 1,750lb car, which Autocar correspondent Milton Holloway got to drive and said feels “fully sorted” despite an engine that’s a bit rattly. It is a diesel, after all. VW confirms it will build hyper-efficient XL1, Autocar gets to drive one originally appeared on Engadget on Fri, 28 Jan 2011 10:27:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …Image: walb.com A fire at a poultry factory farm in Georgia killed more than 12,000 baby chicks last week. News reports say it’s a huge economic loss for the company, but nothing about the suffering the chicks must have gone through. Weirdly, the incident happened on the fifth anniversary of the day a tornado touched down on the same farm and damaged two chicken houses, killing 20,000 chickens…. Read the full story on TreeHugger
Continue reading …Glenn Beck mocked the very notion that he might be an anti-Semite on his radio show yesterday—even as a group of 400 rabbis took out a full-page Wall Street Journal ad to scold him. Beck didn’t mention the ad, instead focusing on an unnamed web commentator who apparently accused…
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