World Economic Forum

Anders Borg, the former Swedish finance minister and current chairman of the World Economic Forum's Global Financial System Initiative, has stepped down from a second top job after he was forced to apologize for what Bloomberg dubbed "unpleasant" behavior at a party in the Stockholm archipelago. Borg, 49, informed Citi that he will resign from his role as senior adviser, according to an emailed statement from the bank, Bloomberg reported. The resignation follows Borg's Saturday resignation as deputy chairman of investment corporation Kinnevik with immediate effect.

By replacing low-wage cashiers and other retail workers with robots, the retail sector’s struggling companies can engineer a potentially life-saving boost in profits. But as advances in artificial intelligence continue to accelerate, according to the World Economic Forum, large swaths of laborers are going to lose their jobs, leading to unprecedented levels of unemployment.

Earlier this week we highlighted "Six Terrifying Graphs That Summarize America's Public Pension Crisis" which ranked state, county and city-level public pensions in the United States by which are screwed the most.  To summarize, the study concluded that public pensions in the U.S. alone are currently underfunded by nearly $4 trillion and that taxpayers in Illinois, California and New Jersey should probably be looking to move before getting drowned in their state's coming pension-induced tax hike tsunami.

Jack Ma, the billionaire founder of Alibaba — the Chinese company that surpassed Wal-Mart as the world’s largest retailer in 2016 — said the United States wasted $14 trillion dollars wasted on warfare in the last 30 years, money that should have been spent on domestic infrastructure and programs for the people instead. During an interview at the World Economic Forum in Davos, Switzerland, CNBC’s Andrew Ross Sorkin asked Ma about his thoughts on the American economy and how it relates to China. President Trump’s stance has been anti-China — accusing the Asian superpower of siphoning U.S.

Notorious globalist billionaire George Soros has gone on the record threatening to “take down President Trump” and promising an audience at the World Economic Forum in Davos that the New World Order are making the necessary preparations to completely and utterly obliterate every single Trump plan. Speaking to a packed audience at his annual dinner at the World Economic Forum in Davos, Soros warned large multinational corporations to hold off from doing any business in the United States until he’s ended Trump’s presidency – or else face the consequences.