Inside The Klaus Schwab Davos Cash machine, the World Economic Forum, a Swiss non-profit, grapples with currency hoarding, managing substantial revenue and cash reserves, and acquiring high-value real estate, sparking awe and ire in the events industry. Let’s take a moment to recognize the extraordinarily prosperous media company that is
Nearly 70% of Gaza aid from a new $320 million US-built pier was stolen on Saturday en route to a U.N. warehouse, with only five out of sixteen trucks successfully delivering the aid. Close to three-fourths of the humanitarian aid transported from a new $320 million floating pier built by
PitchBook has ranked the top startup cities in the world, with San Francisco, New York, and Beijing topping the list. Among the essential components propelling a startup ecosystem are a vastly interconnected network of IT talent, venture capital firms, and entrepreneurs. These tech clusters are expanding globally as growth engines.
The Financial Times reported that a Russian court confiscated €800 million from Deutsche Bank, UniCredit, and Commerzbank. Moscow has had enough after two years of being the target of a weaponized global reserve currency, being kicked out of SWIFT, countless (toothless) sanctions, and witnessing the freezing and eventual confiscation of
According to Semafor, Klaus Schwab announced in an email to staff on Tuesday that he will step down as World Economic Forum Executive Chairman. ‘You’ll own nothing in retirement and be happy’… With the organization he started half a century ago earning close to $500 million in revenue in the fiscal
Afghanistan’s acting Industry and Trade Minister Nooruddin Azizi told Reuters that Russia and Afghanistan plan to build a logistics center for oil transit to South Asia, involving Kazakhstan and Turkmenistan, in its northwestern Herat province. Because of tensions with the West, it may be judged strategically unreliable to continue maritime
After Utah, Wisconsin, Nebraska, and Kentucky, Alabama became the fifth state to have passed legislation supporting sound money by abolishing income taxes on gold and silver. Today, Alabama took a significant step toward promoting sound money concepts when Governor Kay Ivey signed a law eliminating all income taxes on capital
The US Central Command has announced that it will be providing aid in the form of the Gaza Pier constructed with American taxpayers’ $350 million, and its pictures are now available. The Biden administration and the Pentagon both exude pride. However, the American taxpayer?… US Central Command declared on Friday
The US bid to crush Russia and China economically by sanctioning them has only driven them closer, with bilateral trade between the nations reaching a new record of $227 billion in 2023. Vladimir Putin arrived in Beijing on Thursday for his first international visit since beginning his new term as
