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Taxpayers must pay the freight for over-budget train projects
Topic - Klaus Schwab
The fragile state of the world economy, along with the relentless turmoil in Syria and the rocky fallout from the Arab Spring, dominated discussions during this year's annual gathering of the global elite at Davos, leaving many participants uneasy about what lies ahead as they left for home Sunday.
Adjusting to the "new reality" framed the backdrop of the World Economic Forum on Tuesday, with about 2,500 business leaders, politicians and social activists looking forward while trying to anticipate unexpected shocks.
Thousands of opposition supporters in Belarus tried to storm the main government building to protest what the opposition claims was large-scale vote-rigging in Sunday's presidential election.
But much of the overt glitz and glamor that is a usual feature was toned down or absent this year, a decision founder Klaus Schwab said reflected the serious issues facing the world.
"The post-crisis era should not be the pre-crisis era," Forum founder and Chairman Klaus Schwab told the Associated Press.