Fortune Magazine
Captain's Blog
January 23 2008: 12:15 PM EST
Email | Print    Type Size  -  +

Captain's Blog, Stardate: 1/23/08

The rest of the world feels shut out and wants America to fix the global economy, reports Andy Serwer.

By Andy Serwer, managing editor

DAVOS, SWITZERLAND (Fortune) -- DAVOS: Given worldwide financial jitters, I think the sense of urgency at Davos is palpable. If there was ever a need to have an intelligent truly global debate, it is now. The issues here are pressing and real-time. Attendees from outside the U.S. are feeling penalized, and there is real concern that the U.S. doesn't have the leadership to respond properly, and that that response may become overly political given the ongoing campaign.

Will protectionism and xenophobia rule the day?

Also there is a real sense that the G8 needs to be expanded. When the G8 meets now it decides the economic fate of the world without input from China, India, Brazil, the Persian Gulf, or Latin America. Is it a coincidence that these countries who have no seat at the table are blamed for the world's woes? A good question! To top of page

Company Price Change % Change
Bank of America Corp... 16.15 0.00 0.00%
Facebook Inc 58.94 0.00 0.00%
General Electric Co 26.56 0.00 0.00%
Cisco Systems Inc 23.19 -0.02 -0.09%
Micron Technology In... 23.91 0.00 0.00%
Data as of Apr 17
Index Last Change % Change
Dow 16,408.54 -16.31 -0.10%
Nasdaq 4,095.52 9.29 0.23%
S&P 500 1,864.85 2.54 0.14%
Treasuries 2.72 0.08 3.19%
Data as of 4:22am ET
Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.