Wednesday, March 14, 2012

Davos scales back glitz, focuses on future

It's all business all the time for Davos this year.

With capitalism in crisis, the 2,500 business and political leaders at the World Economic Forum in Davos, Switzerland this week will find less starpower than usual _ Bono is not coming, and neither is Angelina Jolie.

Organizers say the five-day event that starts Wednesday will focus on shaping the world after the crisis ends.

But with dozens of world leaders and finance ministers, and heads of the some of the world's biggest companies in attendance, this year's gathering may have trouble looking beyond the world's current economic problems. But the forum's head says they need to try.

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