Davos is an Alpine town, a municipality in the Prättigau/Davos Region in the canton of Graubünden, Switzerland. It has a permanent population of 10,937. Davos is located on the river Landwasser, in the Rhaetian Alps, between the Plessur and Albula Range at 1,560 m above sea level; the former Alpine resort village consists of two parts: Davos Dorf to the northeast towards Klosters and further down through the Prättigau to Landquart, Davos Platz to the southwest, which opens into the valley of the river Landwasser and leads to Filisur. During summer season the Flüela Pass leads south-east into the Lower Engadine. Davos plays host to the World Economic Forum, an annual meeting of global political and business elites, has one of Switzerland's biggest ski resorts. At the end of every year it serves as the site of the annual Spengler Cup ice-hockey tournament, hosted by the HC Davos local hockey team; the current settlement of the Davos area began in the High Middle Ages with the immigration of Rhaeto-Romans.
The village of Davos is first mentioned in 1213 as Tavaus. From about 1280 the barons of Vaz allowed German-speaking Walser colonists to settle, conceded them extensive self-administration rights, causing Davos to become the largest Walser settlement area in eastern Switzerland. Natives still speak a dialect, atypical for Graubünden, showing similarities with German idioms of western parts of Switzerland the Upper Valais. In 1436, the League of the Ten Jurisdictions was founded in Davos. From the middle of the 19th century, Davos modeled on Sokołowsko became a popular destination for the sick and ailing because the microclimate in the high valley was deemed excellent by doctors and recommended for lung disease patients. Robert Louis Stevenson, who suffered from tuberculosis, wintered in Davos in 1880 upon the recommendation of his Edinburgh physician Dr. George Balfour. Arthur Conan Doyle wrote an article about skiing in Davos in 1899. A sanatorium in Davos is the inspiration for the Berghof Sanitorium in Thomas Mann's novel Der Zauberberg.
Between 1936 and 1938, Ernst Ludwig Kirchner at the end of his life and living in Davos since 1917, depicted Davos and the Junkerboden. His painting has a simplified formal structure. During the natural ice era of winter sports and the Davos Eisstadion were a mecca for speed skating. Many international championships were held here, many world records were set, beginning with Peder Østlund who set four records in 1898; the only European Bandy Championship was held in the town in 1913. Subsequently, Davos became a ski resort frequented by tourists from the United Kingdom and the Netherlands. After peaking in the 1970s and 1980s, the city settled down as a leading but less high-profile tourist attraction. Davos has an area of 284 km2. Of this area, about 35.0 % is used for agricultural purposes. Of the rest of the land, 2.3% is settled and 40.5% is unproductive land. In the 2004/09 survey a total of 337 ha or about 1.2% of the total area was covered with buildings, an increase of 61 ha over the 1985 amount.
Over the same time period, the amount of recreational space in the municipality increased by 10 ha and is now about 0.22% of the total area. Of the agricultural land, 1,296 ha is fields and grasslands and 9,056 ha consists of alpine grazing areas. Since 1985 the amount of agricultural land has decreased by 736 ha. Over the same time period the amount of forested land has increased by 481 ha. Rivers and lakes cover 285 ha in the municipality; until 2017 the municipality was located in the Davos subdistrict of the Prättigau/Davos district, after 2017 it was part of the Prättigau/Davos Region. It is in the Landwasser Valley. In terms of area, it was the largest municipality in Switzerland until the formation of the municipality of Glarus Süd in 2010, is the largest in the canton of Graubünden, it consists of the village of Davos, with its two parts Davos Dorf and Davos Platz, the villages Frauenkirch, Davos Glari, Davos Wiesen, Davos Monstein, Davos Clavadel, the hamlets of Laret, Obem See, Stilli, Bünda, Spina in the main valley.
In the side valleys there are additional hamlets including Tschuggen, Dörfji, In den Büelen, Teufi, Gadmen, Am Rin, Dürrboden, Sertig Dörfli, Inneralp. Davos lies in a high valley, the connection to Klosters needing the Wolfgang Pass of only some 70 metres ascent from Davos Dorf; this tiny pass results in a flow direction of the river not corresponding to the main traffic routes of road and Rhätische Bahn to the northeast but flowing in a southwesterly direction. Three long side valleys reach out to the south from the main valley. Davos has a subarctic climate with an average of 124.7 days of precipitation per year and on average receives 1,022 mm of precipitation. The wettest month is August. During this month there is precipitation for an average of 13.5 days. The month with the most days of precipitation is June, with an average of 13.6, but with only 126 mm of precipitation. The driest month of the year is April with an average of 56 mm of precipitation over 9.6 days, of which 50.9 cm in 8.5 days are snowfall.
Theagaraya Nagar known as T. Nagar, is an affluent commercial and residential neighbourhood in Chennai, Tamil Nadu, India, it was constructed between 1923 and 1925 by the Madras Presidency government of the Raja of Panagal as a part of town planning activities initiated according to the Madras Town Planning Act of 1920. The town was named after Justice Party leader Sir P. Theagaraya Chetty; the streets and localities in the new neighbourhood were named after important officials in the provincial government. Built as a residential neighbourhood, the neighbourhood is now considered the largest shopping district in India by revenue, it is known for its plethora of saree and jewellery retailers, including Pothys, Nalli Silks and Saravana Stores. The neighbourhood is served by Mambalam railway station of the Chennai Suburban Railway Network. T. Nagar is considered one of the city's major central business district, the other being Parry's Corner, the centre of the city. Pondy Bazaar serves as the satellite commercial hub for T. Nagar located around the Thyagaraya Road.
T. Nagar is located about 10 km from Chennai Airport and about 8 km from Chennai Central railway station, it lies to the west of the arterial Anna Salai and is loosely bordered by Saidapet to the south and southwest, West Mambalam to the west, Kodambakkam to the northwest, Nandanam to the south, Nungambakkam to the north, Teynampet to the east. T. Nagar is associated with Mambalam, a common name for the entire area of Thyagaraya Nagar, West Mambalam, C I T Nagar and Pondy Bazaar. Panagal Park is located at the centre of the neighbourhood connecting five vein-roads of the neighbourhood: North Usman Road, South Usman Road, G. N. Chetty Road, Thyagaraya Road and Venkatanarayana Road; until the turn of the 19th century, the villages to the west of Mount Road formed a part of Chingleput District. The Long Tank formed the western frontier of the city; the Long Tank was drained out in 1923. That same year, the administration of the Mambalam zamindari, situated to the west of the Long Tank, was relinquished by its hereditary chief.
The region had several paddy fields. During 1923-25, the township of "Thiyagaraya Nagar" named after Sir Pitti Thyagaraya Chetty was carved out of the southern part of the erstwhile Mambalam zamindari. A park was developed at the centre of this new locality and was named in honour of the Chief Minister, as Panagal Park. Soon afterwards, Pondy Bazaar began to make its appearance. According to historian S. Muthiah, it was known as'Soundarapandia Bazaar' after Justice Party politician W. P. A. Soundarapandian Nadar. A well-planned residential area was created. Most of the streets in the new locality were named after provincial cabinet ministers, Justice Party bosses or officials in the administration; the laying of suburban railway line from Egmore to Kancheepuram in 1911 resulted in a station at Mambalam. The first bank of the locality was opened in 1935, followed by a second one, the Indian Bank, in 1937. Retail industry started proliferating in the region with the establishment of Nalli Chinnasami Chetty's textile showroom in 1928, upgraded as the first Kancheepuram silk sari shop of the area in 1935.
During the Second World War, the city was evacuated due to the fear of Japanese bombing. All the shops were closed and the economic activity was halted for a few days that followed; the reason behind the naming of Pondy Bazaar still remains controversial. According to one version, Devaraj Mudaliar of Pondicherry opened 10 shops on Sir Thyagaraya Road and started calling it Pondy Bazaar. Madras historian S. Muthiah, in his book Madras Rediscovered, claims that the area was known as Soundarapandia Bazaar, which the government retained without changing. Save for two of the streets, which were named after two workmen and Govindan, who died while digging trenches for the new drainage system in the locality, all the tree-lined streets were named after the stalwarts of the ruling Justice Party. Star-rated hotels started appearing in the locality with the opening of a three-star hotel named Residency in 1991; as of 2006, there were seven hotels with over 80 percent occupancy rates. Some of the well established and popular hotels are Hotel Saravana Bhavan, Adyar Ananda Bhavan, Mansuk,etc.
With the increase in retail activities in the neighbourhood, several famous theatres such as Sun and Rajakumari have given way to commercial complexes. From its early days, Thiyagaraya Nagar remained one of the most preferred residential localities in the city; the population grew exponentially during the 1930s. In its early days, film artists such as M. K. Thyagaraja Bhagavathar, T. R. Rajakumari, N. S. Krishnan, Vyjayanthimala, N. T. Rama Rao, Manorama, Sivaji Ganesan and T. S. Balaiah set up their residences here. T. Nagar's bazaars are frequented by a number of shoppers. On a typical weekend, the number of people who move about on Pondy Bazaar, the suburb's principal commercial area, might soar up to 500,000. During festival season, because of the discounts and reductions offered by dealers of silk sarees and jewellers, this number might reach 2 million. On a lean day, about 200,000 pedestrians traverse the roads around Panagal Park, the central part of the neighbourhood. Thyagaraya Nagar is one of the busiest shopping districts of Chennai.
The neighbourhood is considered to be the biggest shopping district in India by revenue. There are a number of apparel and utensil stores based in Thiyagaraya Nagar. By some estimates, the shops in the neighbourhood together accounts for revenues of nearly ₹ 20000 crores annually. However, official estimates put it much lower at over ₹ 10000 crores, still double that of New Delhi's Connaught Place and Mumbai's Linking Road which account for
Forbes is an American business magazine. Published bi-weekly, it features original articles on finance, industry and marketing topics. Forbes reports on related subjects such as technology, science and law, its headquarters is located in New Jersey. Primary competitors in the national business magazine category include Fortune and Bloomberg Businessweek; the magazine is well known for its lists and rankings, including of the richest Americans, of the world's top companies, The World's Billionaires. The motto of Forbes magazine is "The Capitalist Tool", its chair and editor-in-chief is Steve Forbes, its CEO is Mike Federle. It was sold to Integrated Whale Media Investments. B. C. Forbes, a financial columnist for the Hearst papers, his partner Walter Drey, the general manager of the Magazine of Wall Street, founded Forbes magazine on September 15, 1917. Forbes provided the money and the name and Drey provided the publishing expertise; the original name of the magazine was Forbes: Devoted to Doings.
Drey became vice-president of the B. C. Forbes Publishing Company, while B. C. Forbes became editor-in-chief, a post he held until his death in 1954. B. C. Forbes was assisted in his years by his two eldest sons, Bruce Charles Forbes and Malcolm Stevenson Forbes. Bruce Forbes took over on his father's death, his strengths lay in streamlining operations and developing marketing. During his tenure, 1954–1964, the magazine's circulation nearly doubled. On Bruce's death, his brother Malcolm Stevenson "Steve" Forbes Jr. became President and Chief executive of Forbes and Editor-in-Chief of Forbes magazine. Between 1961 and 1999 the magazine was edited by James Michaels. In 1993, under Michaels, Forbes was a finalist for the National Magazine Award. In 2006, an investment group Elevation Partners that includes rock star Bono bought a minority interest in the company with a reorganization, through a new company, Forbes Media LLC, in which Forbes Magazine and Forbes.com, along with other media properties, is now a part.
A 2009 New York Times report said: "40 percent of the enterprise was sold... for a reported $300 million, setting the value of the enterprise at $750 million". Three years Mark M. Edmiston of AdMedia Partners observed, "It's not worth half of that now", it was revealed that the price had been US$264 million. In January 2010, Forbes reached an agreement to sell its headquarters building Fifth Avenue in Manhattan to New York University; the company's headquarters subsequently moved to the Newport section of downtown Jersey City, New Jersey, in 2014. In November 2013, Forbes Media, which publishes Forbes magazine, was put up for sale; this was encouraged by minority shareholders Elevation Partners. Sale documents prepared by Deutsche Bank revealed that the publisher's 2012 EBITDA was US$15 million. Forbes sought a price of US$400 million. In July 2014, the Forbes family bought out Elevation and sold a 51 per cent majority of the company to Integrated Whale Media Investments. Apart from Forbes and its lifestyle supplement, Forbes Life, other titles include Forbes Asia and fifteen local language editions.
Steve Forbes and his magazine's writers offer investment advice on the weekly Fox TV show Forbes on Fox and on Forbes on Radio. Other company groups include Forbes Conference Group, Forbes Investment Advisory Group and Forbes Custom Media. From the 2009 Times report: "Steve Forbes returned from opening up a Forbes magazine in India, bringing the number of foreign editions to 10." In addition, that year the company began publishing ForbesWoman, a quarterly magazine published by Steve Forbes's daughter, Moira Forbes, with a companion Web site. The company published American Legacy magazine as a joint venture, although that magazine separated from Forbes on May 14, 2007; the company formerly published American Heritage and Invention & Technology magazines. After failing to find a buyer, Forbes suspended publication of these two magazines as of May 17, 2007. Both magazines were purchased by the American Heritage Publishing Company and resumed publication as of the spring of 2008. Forbes has published the Forbes Travel Guide since 2009.
On January 6, 2014, Forbes magazine announced that, in partnership with app creator Maz, it was launching a social networking app called "Stream". Stream allows Forbes readers to save and share visual content with other readers and discover content from Forbes magazine and Forbes.com within the app. Forbes.com is part of Forbes Digital, a division of Forbes Media LLC. Forbes's holdings include a portion of RealClearPolitics. Together these sites reach more than 27 million unique visitors each month. Forbes.com employs the slogan "Home Page for the World's Business Leaders" and claimed, in 2006, to be the world's most visited business web site. The 2009 Times report said that, while "one of the top five financial sites by traffic off an estimated $70 million to $80 million a year in revenue, never yielded the hoped-for public offering". Forbes.com uses a "contributor model" in which a wide network of "contributors" writes and publishes articles directly on the website. Contributors are paid based on traffic to their respective Forbes.com pages.
Forbes allows advertisers to publish blog posts on its website alongside regular editorial content through a program called BrandVoice, which accounts for more than 10 pe
Chief executive officer
The chief executive officer or just chief executive, is the most senior corporate, executive, or administrative officer in charge of managing an organization – an independent legal entity such as a company or nonprofit institution. CEOs lead a range of organizations, including public and private corporations, non-profit organizations and some government organizations; the CEO of a corporation or company reports to the board of directors and is charged with maximizing the value of the entity, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs aim at achieving outcomes related to the organization's mission, such as reducing poverty, increasing literacy, etc. In the early 21st century, top executives had technical degrees in science, engineering or law; the responsibility of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's legal structure.
They can be far-reaching or quite limited and are enshrined in a formal delegation of authority. Responsibilities include being a decision maker on strategy and other key policy issues, leader and executor; the communicator role can involve speaking to the press and the rest of the outside world, as well as to the organization's management and employees. As a leader of the company, the CEO or MD advises the board of directors, motivates employees, drives change within the organization; as a manager, the CEO/MD presides over the organization's day-to-day operations. The term refers to the person who makes all the key decisions regarding the company, which includes all sectors and fields of the business, including operations, business development, human resources, etc; the CEO of a company is not the owner of the company. In some countries, there is a dual board system with two separate boards, one executive board for the day-to-day business and one supervisory board for control purposes. In these countries, the CEO presides over the executive board and the chairman presides over the supervisory board, these two roles will always be held by different people.
This ensures a distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority; the aim is to prevent a conflict of interest and too much power being concentrated in the hands of one person. In the United States, the board of directors is equivalent to the supervisory board, while the executive board may be known as the executive committee. In the United States, in business, the executive officers are the top officers of a corporation, the chief executive officer being the best-known type; the definition varies. In the case of a sole proprietorship, an executive officer is the sole proprietor. In the case of a partnership, an executive officer is a managing partner, senior partner, or administrative partner. In the case of a limited liability company, executive officer is any manager, or officer. A CEO has several subordinate executives, each of whom has specific functional responsibilities referred to as senior executives, executive officers or corporate officers.
Subordinate executives are given different titles in different organizations, but one common category of subordinate executive, if the CEO is the president, is the vice-president. An organization may have more than one vice-president, each tasked with a different area of responsibility; some organizations have subordinate executive officers who have the word chief in their job title, such as chief operating officer, chief financial officer and chief technology officer. The public relations-focused position of chief reputation officer is sometimes included as one such subordinate executive officer, but, as suggested by Anthony Johndrow, CEO of Reputation Economy Advisors, it can be seen as "simply another way to add emphasis to the role of a modern-day CEO – where they are both the external face of, the driving force behind, an organisation culture". In the US, the term chief executive officer is used in business, whereas the term executive director is used in the not-for-profit sector; these terms are mutually exclusive and refer to distinct legal duties and responsibilities.
Implicit in the use of these titles, is that the public not be misled and the general standard regarding their use be applied. In the UK, chief executive and chief executive officer are used in both business and the charitable sector; as of 2013, the use of the term director for senior charity staff is deprecated to avoid confusion with the legal duties and responsibilities associated with being a charity director or trustee, which are non-executive roles. In the United Kingdom, the term director is used instead of chief officer". Business publicists since the days of Edward Bernays and his client John D. Rockefeller and more the corporate publicists for Henry Ford, promoted the concept of the "celebrity CEO". Business journalists have adopted this approach, which assumes that the corporate achievements in the arena of manufacturing, wer
Coca-Cola, or Coke, is a carbonated soft drink manufactured by The Coca-Cola Company. Intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton and was bought out by businessman Asa Griggs Candler, whose marketing tactics led Coca-Cola to its dominance of the world soft-drink market throughout the 20th century; the drink's name refers to two of its original ingredients: coca leaves, kola nuts. The current formula of Coca-Cola remains a trade secret, although a variety of reported recipes and experimental recreations have been published; the Coca-Cola Company produces concentrate, sold to licensed Coca-Cola bottlers throughout the world. The bottlers, who hold exclusive territory contracts with the company, produce the finished product in cans and bottles from the concentrate, in combination with filtered water and sweeteners. A typical 12-US-fluid-ounce can contains 38 grams of sugar; the bottlers sell and merchandise Coca-Cola to retail stores and vending machines throughout the world.
The Coca-Cola Company sells concentrate for soda fountains of major restaurants and foodservice distributors. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name; the most common of these is Diet Coke, along with others including Caffeine-Free Coca-Cola, Diet Coke Caffeine-Free, Coca-Cola Zero Sugar, Coca-Cola Cherry, Coca-Cola Vanilla, special versions with lemon and coffee. Based on Interbrand's "best global brand" study of 2015, Coca-Cola was the world's third most valuable brand, after Apple and Google. In 2013, Coke products were sold in over 200 countries worldwide, with consumers drinking more than 1.8 billion company beverage servings each day. Coca-Cola ranked No. 87 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Confederate Colonel John Pemberton, wounded in the American Civil War and became addicted to morphine, began a quest to find a substitute for the problematic drug. In 1885 at Pemberton's Eagle Drug and Chemical House, a drugstore in Columbus, Georgia, he registered Pemberton's French Wine Coca nerve tonic.
Pemberton's tonic may have been inspired by the formidable success of Vin Mariani, a French-Corsican coca wine, but his recipe additionally included the African kola nut, the beverage's source of caffeine. It is worth noting that a Spanish drink called "Kola Coca" was presented at a contest in Philadelphia in 1885, a year before the official birth of Coca-Cola; the rights for this Spanish drink were bought by Coca-Cola in 1953. In 1886, when Atlanta and Fulton County passed prohibition legislation, Pemberton responded by developing Coca-Cola, a nonalcoholic version of Pemberton's French Wine Coca; the first sales were at Jacob's Pharmacy in Atlanta, Georgia, on May 8, 1886, where it sold for five cents a glass. Drugstore soda fountains were popular in the United States at the time due to the belief that carbonated water was good for the health, Pemberton's new drink was marketed and sold as a patent medicine, Pemberton claiming it a cure for many diseases, including morphine addiction, nerve disorders and impotence.
Pemberton ran the first advertisement for the beverage on May 29 of the same year in the Atlanta Journal. By 1888, three versions of Coca-Cola – sold by three separate businesses – were on the market. A co-partnership had been formed on January 14, 1888 between Pemberton and four Atlanta businessmen: J. C. Mayfield, A. O. Murphey, C. O. Mullahy, E. H. Bloodworth. Not codified by any signed document, a verbal statement given by Asa Candler years asserted under testimony that he had acquired a stake in Pemberton's company as early as 1887. John Pemberton declared that the name "Coca-Cola" belonged to his son, but the other two manufacturers could continue to use the formula. Charley Pemberton's record of control over the "Coca-Cola" name was the underlying factor that allowed for him to participate as a major shareholder in the March 1888 Coca-Cola Company incorporation filing made in his father's place. Charley's exclusive control over the "Coca-Cola" name became a continual thorn in Asa Candler's side.
Candler's oldest son, Charles Howard Candler, authored a book in 1950 published by Emory University. In this definitive biography about his father, Candler states: "... on April 14, 1888, the young druggist Asa Griggs Candler purchased a one-third interest in the formula of an completely unknown proprietary elixir known as Coca-Cola." The deal was between John Pemberton's son Charley and Walker, Candler & Co. – with John Pemberton acting as cosigner for his son. For $50 down and $500 in 30 days, Candler & Co. obtained all of the one-third interest in the Coca-Cola Company that Charley held, all while Charley still held on to the name. After the April 14 deal, on April 17, 1888, one-half of the Walker/Dozier interest shares were acquired by Candler for an additional $750. In 1892, Candler set out to incorporate a second company; when Candler had the earliest records of the "Coca-Cola Company" destroyed in 1910, the action was claimed to have been made during a move to new corporation offices around this time.
After Candler had gained a better foothold on Coca-Cola in April 1888, he was forced to sell the beverage he produced with the recipe he had under the names "Yum Yum" and "Koke". This was while Charley Pemberton was selling the elixir, although a cruder mixture, under the name "Coca-Cola", all with his father's blessing. After both names failed to catch on for Candler, by the middle of 1888, the Atlanta pharmacist was quite anxious t
World Economic Forum
The World Economic Forum, based in Cologny-Geneva, was founded in 1971 as a not-for-profit organization. It gained formal status in January 2015 under the Swiss Host-State Act, confirming the role of the Forum as an International Institution for Public-Private Cooperation; the Forum's mission is cited as "committed to improving the state of the world by engaging business, political and other leaders of society to shape global and industry agendas". The WEF hosts a annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland; the meeting brings together some 2,500 business leaders, international political leaders, economists and journalists for up to four days to discuss the most pressing issues facing the world. The organization convenes some six to eight regional meetings each year in locations across Africa, East Asia and Latin America, holds two further annual meetings in China and the United Arab Emirates. Beside meetings, the organization provides a platform for leaders from all stakeholder groups from around the world – business and civil society – to come together.
It produces a series of research reports and engages its members in sector-specific initiatives. There have been many other international conferences nicknamed with "Davos". However, the World Economic Forum objected the use of "Davos" in such contexts for any event not organised by them; this particular statement was issued on 22 October 2018, a day before the opening of 2018 Future Investment Initiative organised by the Public Investment Fund of Saudi Arabia. The WEF was founded in 1971 by Klaus Schwab, a business professor at the University of Geneva. First named the "European Management Forum", it changed its name to the World Economic Forum in 1987 and sought to broaden its vision to include providing a platform for resolving international conflicts. In the summer of 1971, Schwab invited 444 executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices.
He founded the WEF as a nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. Schwab developed the "stakeholder" management approach, which attributed corporate success to managers taking account of all interests: not shareholders and customers, but employees and the communities within which the firm is situated, including governments. Events in 1973, including the collapse of the Bretton Woods fixed-exchange rate mechanism and the Arab–Israeli War, saw the annual meeting expand its focus from management to economic and social issues, for the first time, political leaders were invited to the annual meeting in January 1974. Political leaders soon began to use the annual meeting as a neutral platform; the Davos Declaration was signed in 1988 by Greece and Turkey, helping them turn back from the brink of war. In 1992, South African President F. W. de Klerk met with Nelson Mandela and Chief Mangosuthu Buthelezi at the annual meeting, their first joint appearance outside South Africa.
At the 1994 annual meeting, Israeli Foreign Minister Shimon Peres and PLO chairman Yasser Arafat reached a draft agreement on Gaza and Jericho. In late 2015, the invitation was extended to include a North Korean delegation for the 2016 forum, "in view of positive signs coming out of the country", the WEF organizers noted. North Korea has not been attending the WEF since 1998; the invitation was accepted but after the January 2016 North Korean nuclear test on 6 January, the invitation was revoked, the country's delegation was made subject to "existing and possible forthcoming sanctions". Despite protests by North Korea calling the decision by the WEF managing board a "sudden and irresponsible" move, the WEF committee maintained the exclusion because "under these circumstances there would be no opportunity for international dialogue". In 2017, the World Economic Forum in Davos attracted considerable attention when for the first time, a head of state from the People's Republic of China was present at the alpine resort.
With the backdrop of Brexit, an incoming protectionist US administration and significant pressures on free trade zones and trade agreements, President Xi Jinping defended the global economic scheme, portrayed China as a responsible nation and a leader for environmental causes. He rebuked the current populist movements that would introduce tariffs and hinder global commerce, warning that such protectionism could foster isolation and reduced economic opportunity. In 2018, Indian Prime Minister Narendra Modi gave the plenary speech, becoming the first head of state from India to deliver the inaugural keynote for the annual meet at Davos. Modi highlighted climate change and protectionism as the three major global challenges, expressed confidence that they can be tackled with collective effort. In 2019, Brazilian President Jair Bolsonaro gave the keynote address at the plenary session of the conference. On his first international trip to Davos, he emphasized liberal economic policies despite his populist agenda, attempted to reassure the world that Brazil is a protector of the rain forest while utilizing its resources for food production and export.
He stated that "his government will seek to better integrate Brazil into the world by mainstreaming international best practices, such as those adopted and promoted by the OECD". Environmental concerns like extreme weather events, the failure of climate-change mitigation and adaptation were among the top-r
Time is an American weekly news magazine and news website published in New York City. It was founded in 1923 and run by Henry Luce. A European edition is published in London and covers the Middle East, and, since 2003, Latin America. An Asian edition is based in Hong Kong; the South Pacific edition, which covers Australia, New Zealand, the Pacific Islands, is based in Sydney. In December 2008, Time discontinued publishing a Canadian advertiser edition. Time has the world's largest circulation for a weekly news magazine; the print edition has a readership of 26 million. In mid-2012, its circulation was over three million, which had lowered to two million by late 2017. Richard Stengel was the managing editor from May 2006 to October 2013, when he joined the U. S. State Department. Nancy Gibbs was the managing editor from September 2013 until September 2017, she was succeeded by Edward Felsenthal, Time's digital editor. Time magazine was created in 1923 by Briton Hadden and Henry Luce, making it the first weekly news magazine in the United States.
The two had worked together as chairman and managing editor of the Yale Daily News. They first called the proposed magazine Facts, they wanted to emphasize brevity. They changed the name to Time and used the slogan "Take Time–It's Brief". Hadden was liked to tease Luce, he saw Time as important, but fun, which accounted for its heavy coverage of celebrities, the entertainment industry, pop culture—criticized as too light for serious news. It set out to tell the news through people, for many decades, the magazine's cover depicted a single person. More Time has incorporated "People of the Year" issues which grew in popularity over the years. Notable mentions of them were Steve Jobs, etc.. The first issue of Time was published on March 3, 1923, featuring Joseph G. Cannon, the retired Speaker of the House of Representatives, on its cover. 1, including all of the articles and advertisements contained in the original, was included with copies of the February 28, 1938 issue as a commemoration of the magazine's 15th anniversary.
The cover price was 15¢ On Hadden's death in 1929, Luce became the dominant man at Time and a major figure in the history of 20th-century media. According to Time Inc.: The Intimate History of a Publishing Enterprise 1972–2004 by Robert Elson, "Roy Edward Larsen was to play a role second only to Luce's in the development of Time Inc". In his book, The March of Time, 1935–1951, Raymond Fielding noted that Larsen was "originally circulation manager and general manager of Time publisher of Life, for many years president of Time Inc. and in the long history of the corporation the most influential and important figure after Luce". Around the time they were raising $100,000 from wealthy Yale alumni such as Henry P. Davison, partner of J. P. Morgan & Co. publicity man Martin Egan and J. P. Morgan & Co. banker Dwight Morrow, Henry Luce, Briton Hadden hired Larsen in 1922 – although Larsen was a Harvard graduate and Luce and Hadden were Yale graduates. After Hadden died in 1929, Larsen purchased 550 shares of Time Inc. using money he obtained from selling RKO stock which he had inherited from his father, the head of the Benjamin Franklin Keith theatre chain in New England.
However, after Briton Hadden's death, the largest Time, Inc. stockholder was Henry Luce, who ruled the media conglomerate in an autocratic fashion, "at his right hand was Larsen", Time's second-largest stockholder, according to Time Inc.: The Intimate History of a Publishing Enterprise 1923–1941. In 1929, Roy Larsen was named a Time Inc. director and vice president. J. P. Morgan retained a certain control through two directorates and a share of stocks, both over Time and Fortune. Other shareholders were the New York Trust Company; the Time Inc. stock owned by Luce at the time of his death was worth about $109 million, it had been yielding him a yearly dividend of more than $2.4 million, according to Curtis Prendergast's The World of Time Inc.: The Intimate History of a Changing Enterprise 1957–1983. The Larsen family's Time stock was worth around $80 million during the 1960s, Roy Larsen was both a Time Inc. director and the chairman of its executive committee serving as Time's vice chairman of the board until the middle of 1979.
According to the September 10, 1979, issue of The New York Times, "Mr. Larsen was the only employee in the company's history given an exemption from its policy of mandatory retirement at age 65." After Time magazine began publishing its weekly issues in March 1923, Roy Larsen was able to increase its circulation by using U. S. radio and movie theaters around the world. It promoted both Time magazine and U. S. political and corporate interests. According to The March of Time, as early as 1924, Larsen had brought Time into the infant radio business with the broadcast of a 15-minute sustaining quiz show entitled Pop Question which survived until 1925". In 1928, Larsen "undertook the weekly broadcast of a 10-minute programme series of brief news summaries, drawn from current issues of Time magazine, broadcast over 33 stations throughout the United States". Larsen next arranged for a 30-minute radio program, The March of Time, to be broadcast over CBS, beginning on March 6, 1931; each week, the program presented a dramatisation of the week's news for its listeners, thus Time magazine itself was brought "to the attention of millions unaware