WEF 2023 news

FBI Director Christopher Wray alluded to “collaboration between the private sector and the government,” delivering remarks Thursday 1-19-23 during the World Economic Forum — as the bureau remains mired in scandal following the “Twitter Files” revelations https://www.breitbart.com/politics/2023/01/19/morris-fbi-director-wray-hints-at-collaboration-with-private-sector-amid-political-scandals/ …………….. (Director of National Intelligence Avril Haines attending Davos 2023.) last year the keynote speaker was Xi Jinping and the year before that it was Vladimir Putin, but in 2023 the “Special Address” will be delivered by E.U. leader Ursula von der Leyen….When Klaus Schwab (the WEF’s founder and chairman) introduced Vladimir Putin in 2021, he bigged up Russia’s “long-standing participation” at Davos. “At this moment in history”, he said, “the ability to hear the voice of the President of the Russian Federation is essential.” But it wasn’t essential at all. All that back-slapping and glad-handing was a distraction. https://unherd.com/thepost/the-davos-2023-agenda-lies-in-ruins/ ……… Davos 2023: 1-19-23 By Brenda Goh and Mark John China's Vice-Premier Liu He addresses the World Economic Forum (WEF), in Davos, Switzerland, January 17, 2023. REUTERS/Arnd Wiegmann DAVOS, Switzerland, Jan 17 (Reuters) - China's Vice-Premier Liu He welcomed foreign investment and declared his country open to the world on Tuesday after three years of pandemic isolation. Liu's explicit pitch to global leaders gathered in Davos made it clear China wants international investors to play a key role in Beijing's attempts to revive its slowing economy. "Foreign investments are welcome in China, and the door to China will only open up further," Liu, a top economic tsar and confidant of President Xi Jinping, said. His speech to the World Economic Forum's annual meeting mentioned "strengthening international cooperation" and "maintaining world peace" 11 times….. At Davos, Liu is sitting down with CEOs of finance, tech, consumer and industrial companies, a Chinese official familiar with the matter told Reuters. He will also meet other world leaders. In his speech Liu said he had caught up with many old friends, having last attended Davos in 2018. Former U.S. Treasury Secretary Lawrence Summers told Reuters he spoke with Liu on Monday for more than an hour, without giving details. On Wednesday Liu will meet U.S. Treasury Secretary Janet Yellen in Zurich for their first in-person meeting, although they have met virtually three time since she took office. Liu's speech was another sign of Beijing's increased engagement with other countries in recent weeks. A recent thawing of relations with Australia paved the way for China to resume imports of Australian coal after a three year halt…. European Commission President Ursula von der Leyen said Europe must seek to work and trade with China, rather than decouple from it. But she cautioned that Chinese subsidies were restricting access to the clean tech sector for European companies. https://www.reuters.com/world/china/chinese-vice-premier-liu-tells-davos-it-is-impossible-china-return-planned-2023-01-17/ ………............................... At the 2023 World Economic Forum,

Intel CEO Pat Gelsinger claimed the U.S. CHIPS and Science Act was a "turning point" in global competition with China.  "The CHIPS and Science Act was a clear statement that we are going to win back the semiconductor industry, we are going to be manufacturing it," Gelsinger said on "Mornings with Maria" Tuesday.  "But it was also the CHIPS and Science Act. And many of those elements are for health care, are for A.I., for long-term leadership. So I'm a real optimistic here that our approach to being this open, collaborative, innovative society, The rebuilding of key manufacturing and semiconductor industry is that underlayment for it… I think the future is very bright, and we've seen the most significant step through the CHIPS Act to help make that happen." In August 2022, Congress approved $52.7 billion for semiconductor manufacturing and research and a 25% investment tax credit for chip plants that is estimated to be worth $24 billion. The legislation aims to improve competition with China by strengthening U.S. manufacturing, supply chains and national security and invests in research and development, science and technology. Patrick Gelsinger, chief executive officer of Intel Corp. (Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images) Gelsinger noted that the renewed commitment to American manufacturing and semiconductor industry will help the overall global economy in addition to cutting dependence on Taiwan.   "Everything is becoming more and more digital and everything digital runs on semiconductors. So this is critical to every aspect of human existence," he said. "Where the oil reserves are [located] defined geopolitics for the last five decades; where the technology supply chains and semiconductors are located will define geopolitics for the next five. It's that important." Intel has grown its semiconductor manufacturing by opening new plants beyond Silicon Valley including Arizona and Ohio. Gelsinger said bringing these advancements into central hubs of U.S. manufacturing show "the Rust Belt ends and the Silicon heartland begins." While the U.S. and Europe have moved to boost semiconductor industries, Gelsinger emphasized the importance of restoring the "interdependency" of the supply chain. "So if I could make something $0.10 cheaper, I'd go make it there. But if that caused the consolidation of a single port, a single island, a single place in the world that everything is dependent upon, that's not good for geopolitics. One earthquake, one natural issue, one shutdown, one pandemic issue. All of those caused this radical disruption in the supply chains of the world," Gelsinger said. GLOBAL RECESSION LIKELY, SAYS 63% OF CHIEF ECONOMISTS IN WEF SURVEY "We need to rebalance those supply chains. We need resilient supply chains. And our investments in the U.S. are a piece of that. Get back to technology leadership and have the manufacturing capacity to build and satisfy our industries for the future," he added, noting this is a key focus of the 2023 World Economic Forum. Gelsinger echoed the concerns of a majority of chief economists at Davos who said in a survey they expect a recession in 2023. "We don't see any good news in the near term," he said. "I think the first half of this year will be pretty rugged because [of] China [and] COVID, Europe [with] energy and Ukraine, U.S. [and] inflation. So when you look across the three major markets, I don't see any good news." https://www.foxbusiness.com/technology/us-hits-turning-point-china-competition-intel-ceo ………………............................