Davos in the Desert is back, and banks and hedge fund managers are flocking to Mister Bone-Saw's side

"Davos in the Desert" is Saudi Arabia's charm offensive aimed at global financial elites, but its launch last year was marred by its close proximity to the gruesome murder and dismemberment of Saudi journalist Jamal Khashoggi, carried out at the personal behest of Crown Prince Mohammed bin Salman, who styles himself a progressive reformer. Read the rest

World Bank recommends that countries eliminate minimum wage, dismantle wrongful dismissal rules and contractual protections for workers

A draft of the World Bank's annual flagship World Development Report says that its creditor-states (the poorest countries in the world) should eliminate their minimum wage rules, allow employers to fire workers without cause, and repeal laws limiting abusive employment contract terms. Read the rest