Get Off Your Privileged Ass!

Saturday, January 17th, 2015

It’s coming onto the second half of January and, like every year, that means the World Economic Forum, in the Swiss ski-resort of Davos, where the world’s most powerful and well-heeled come together annually to hobnob, look down from the summit (figuratively but also literally, given Davos’ height-above-sea-level) at the rest of us poor slobs and try to solve some of the world’s problems. Such a gathering of influential and monied types is sheer nirvana for advertisers and others who would seek to influence them in some way. (Including of course the fearless & topless banshees of FEMEN: going around half-naked in the January snow does not faze these gals!)

As you might imagine, the Union Bank of Switzerland (UBS) has an inside track when it comes to accessing Davos attendees. (I don’t mean just from its status as a prominent local bank; it also still likely aids many of those assembled to avoid taxes in their home countries via its no-name-but-number bank accounts.) This year it has come up with a real PR winner:

WEF
OK, what’s this about “6 kilometers”? It’s fairly simple: UBS is going to invite all WEF attendees to wear a rose-colored odometer during the time that they are there. If a minimum of 1,000 participants record having walked six kilometers during their stay, then UBS will donate 2,500 bicycles to poor African children for use in traveling to school. (more…)

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Meanwhile, As for the Economy on This Side of the Pond . . .

Sunday, April 6th, 2008

Over there in the US you’re still dealing with your Credit Crisis and all related issues – like which august financial institution will topple next, and will the Fed be able to patch together some solution that keeps the markets from panicking yet one more time. Over here in Europe, though, things are rather different, as we’re reminded by Financial Times Deutschland reporter Mark Schrörs writing from Frankfurt (High Wage Settlements Brake the ECB). (more…)

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