Sam Altman, Mark Zuckerberg and biz leaders choose Trump inauguration over World Economic Forum in Davos, Switzerland

By Lydia Moynihan
Gan. 14, 2025

Billionaire business leaders who want bragging rights usually flock to the World Economic Forum summit in Davos, Switzerland — but this year it’s being overshadowed by Donald Trump’s inauguration.

The Swiss forum kicks off on the same day the 47th president will be sworn in, Jan. 20, and regulars including Meta’s Mark Zuckerberg, OpenAI’s Sam Altman, and Uber’s Dara Khosrowshahi will all be in Washington, DC for Trump, according to insiders.

Sources close to the new administration say it’s an indication political events — and President Trump’s actions — are far more significant to US businesses and leaders than anything in the Swiss Alps could be.

“It’s unfortunate timing for Davos,” one source said of the event, which runs until Jan. 24. “If you’re a business leader, your time is better spent at the receptions meeting the people who will drive policy in the US, where you are talking about business and trade and ripple effects across the pond.”

Continue reading at nypost.com

Billionaire BlackRock CEO: ‘Doesn’t matter’ who wins US election; Trump & Kamala Harris benefit Wall Street

By Ben Norton
Nov 5, 2024

The billionaire CEO of BlackRock, the world’s largest asset manager, has said it “really doesn’t matter” who wins the US presidential election, because both Donald Trump and Kamala Harris will be good for Wall Street.

“I’m tired of hearing this is the biggest election in your lifetime. The reality is over time it doesn’t matter”, said BlackRock chief Larry Fink at an October 21 conference hosted by the Securities Industry and Financial Markets Association, according to the Financial Times.

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“It really doesn’t matter”, Fink reiterated. He revealed that, at BlackRock, “we work with both administrations and are having conversations with both candidates”.

BlackRock has $11.5 trillion assets under management, making it the biggest investment company on Earth.

Continue reading at geopoliticaleconomy.com

Joe Biden warns ‘oligarchy is taking shape in America’ in farewell address

By Joseph Gedeon
Jan 16, 2025

Joe Biden’s final address to the nation struck an ominous tone as he warned of the growing power of America’s ultra-wealthy, and cautioning that an emerging oligarchy threatened the foundations of US democracy.

The Wednesday prime-time Oval Office speech came as Biden prepares to hand the presidency back to Donald Trump, who he defeated in 2020 only to see him return to power after Biden’s own dramatic exit from politics last summer.

“Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead,” Biden said.

The president outlined some of his most pressing concerns, including what he described as a “crumbling” free press, the outsized influence of the military-industrial complex, rising disinformation, and the need to remove dark money from politics. He also called for constitutional amendments to ensure presidential accountability, arguing that no president should be immune from prosecution for crimes committed while in office.

Continue reading at www.theguardian.com

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