How Viral Stories Impact Major Economic Events | Davos 2020

Robert Shiller is a Nobel Prize-winning economist, a professor at Yale University, and the author of “Narrative Economics: How Stories Go Viral and Drive Major Economic Events.” Shiller believes compelling stories can impact actual economic outcomes. These narrative disruptions make it very difficult to make long-term economic predictions.

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Adam Grant Explains What Traits Make Good Leaders | Davos 2020

What Business And Political Leaders Are Discussing Behind Closed Doors | Davos 2020

Wall Street Weighs In On AOC’s Proposed 70% Marginal Tax Hike | Davos 2019

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How Viral Stories Impact Major Economic Events | Davos 2020

Adam Grant Explains What Traits Make Good Leaders | Davos 2020

Adam Grant says that the very traits that put people in leadership positions, like narcissism, are the same characteristics that make them bad leaders. Grant said a humble narcissist, someone that can pair grandiosity with a dedication to self-improvement, can actually be a very effective leader. When it comes to happiness, Grant said we are doing it all wrong. He points to research that suggests focusing on achieving happiness makes it harder to attain.

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What Business And Political Leaders Are Discussing Behind Closed Doors | Davos 2020

Wall Street Weighs In On AOC’s Proposed 70% Marginal Tax Hike | Davos 2019

A Billionaire Investor Says The Economy Is Headed For ’20 Years Of Ugliness’ | Davos 2019

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Adam Grant Explains What Traits Make Good Leaders | Davos 2020

What Business And Political Leaders Are Discussing Behind Closed Doors | Davos 2020

Ian Bremmer, president and founder of Eurasia Group, discusses the most important issues at the World Economic Forum in Davos, Switzerland. Climate is at the top of the agenda this year, but Bremmer said CEOs are having more discussions about the very likely possibility of an economic slowdown. Bremmer says if you want businesses to focus on sustainability, you have to figure out how to make sustainability good for business.

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Wall Street Weighs In On AOC’s Proposed 70% Marginal Tax Hike | Davos 2019

A Billionaire Investor Says The Economy Is Headed For ’20 Years Of Ugliness’ | Davos 2019

A $736 Billion Investor Says The Market Is Predicting An Economic Slowdown | Davos 2019

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What Business And Political Leaders Are Discussing Behind Closed Doors | Davos 2020

Pelosi downplays disputes with AOC, on impeachment

House Speaker Nancy Pelosi is downplaying any differences with high-profile progressive lawmaker Alexandria Ocasio-Cortez and with Democratic critics who accuse Pelosi of slow-walking the impeachment process against President Trump. (July 26)

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Western Union CEO On Migration, Diversity & The Future Of Payments | Davos 2019

Hikmet Ersek is the CEO of Western Union. Ersek, a citizen of Austria and Turkey, draws on his international background to speak out publicly for the rights of migrants and refugees. Ersek sat down with Business Insider’s Sara Silverstein at the World Economic Forum in Davos, Switzerland to discuss the future of payments.

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$20 Billion Alternative Investor Shares His Favorite Long-Term Themes | Davos 2019

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Business Leaders Discuss Technology’s Role In Better Capitalism | Davos 2019

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Western Union CEO On Migration, Diversity & The Future Of Payments | Davos 2019

A $265 Billion Investment Chief Expects A Recession In About 18 Months | Davos 2019

Scott Minerd oversees $265 billion in assets as global CIO of Guggenheim Partners. He sat down with Business Insider’s Sara Silverstein at the World Economic Forum in Davos, Switzerland to discuss why he expects a recession in about 18 months.

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Wall Street Weighs In On AOC’s Proposed 70% Marginal Tax Hike | Davos 2019

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Henry Blodget Leads A Panel On Facial Recognition Technology | Davos 2019

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A $265 Billion Investment Chief Expects A Recession In About 18 Months | Davos 2019

Investment Banker Ken Moelis On Taxes, Regulation & Attracting Top Talent | Davos 2019

Ken Moelis has been in the investment banking industry for over 30 years and is the founder and CEO of investment bank Moelis & Company. Moelis sat down with Business Insider’s Sara Silverstein at the annual meeting of the World Economic Forum in Davos, Switzerland to discuss taxes, regulation, and how to attract top talent.

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Business Leaders Discuss Technology’s Role In Better Capitalism | Davos 2019

A $736 Billion Investor Says The Market Is Predicting An Economic Slowdown | Davos 2019

Wall Street Weighs In On AOC’s Proposed 70% Marginal Tax Hike | Davos 2019

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Investment Banker Ken Moelis On Taxes, Regulation & Attracting Top Talent | Davos 2019

Wall Street Weighs In On AOC’s Proposed 70% Marginal Tax Hike | Davos 2019

One of the hottest topics at the World Economic Forum in Davos, Switzerland has been Alexandria Ocasio-Cortez’s proposed 70% marginal tax rate on all income above $10 million. There have been many headlines out of Davos with business leaders calling the proposed tax disastrous, scary, and saying it will have a huge impact on the economy. We sat down with three financial heavyweights to find out what they think everyone is missing about this discussion. The general consensus was that while such a hefty tax would hurt the economy, it simply doesn’t effect enough people to be a major issue.

Moelis & Co. founder and CEO Ken Moelis says there isn’t a problem with a high tax on income above $10 million dollars because there isn’t that much income to tax above that level. Marginal tax rates need to start around $250,000 in order to have an impact.  And a 70% tax rate at that level “would crush the economy.”

Guggenheim Partners global CIO Scott Minerd agrees that the amount brought in by a 70% tax above the $10 million income level won’t make enough of a difference even if you assume people will pay it. But Minerd says historically when we have had high marginal tax rates wealthy people have sheltered their income.

Bob Prince, the co-CIO of Bridgewater — the largest hedge fund in the world — says this tax won’t be good because it won’t solve many problems.

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Wall Street Weighs In On AOC’s Proposed 70% Marginal Tax Hike | Davos 2019