Category: In Pictures

Before the opening on January 22, 2018

Davos 2018: In Pictures

  The annual WEF summit in Davos offers the best networking opportunity for the billionaires, financial men, influential political leaders, celebrities and their entourages. This year Davos experienced the heaviest snowfall since its initial meeting back in 1971. The theme for 2018 meeting was “Creating a Shared Future in a Fractured World”.     This year the event included more than 400 technical sessions, of which 160 were available live on the WEF’s website.     Narendra Modi, prime minister of India, referred to the three biggest challenges facing human civilization: climate change, terrorism and the backlash against globalization. Donald...

Black Monday

  On October 19, 1987 stock markets around the world crashed, a global financial crisis which started from Hong Kong and was spread to Europe and the United States as well. It came be to known as the Black Monday.     Wall Street went mad. The Dow Jones Industrial Average fell 508 points (22%) to 1738.74, a $500 billion decrease in value which is still the biggest one-day loss in the history of the index. S&P 500 also dropped 57.64 points (20.4%) to 225.06. There have been numerous reasons as to why this massive drop happened. Although many blame...

Wall Street Bombing 1920

  “[It was] an unexpected, death-dealing bolt, which in a twinkling turned into a shamble the busiest corner of America’s financial center. […] Almost in front of the steps leading up to the Morgan bank was the mutilated body of a man. Other bodies, most of them silent in death, lay nearby. As I gazed horrorstruck at the sight, one of these forms, half-naked and seared with burns, started to rise. It struggled, then toppled and fell lifeless to the gutter.” George Weston, an Associated Press reporter, described what he had witnessed from the protection of a doorway.    ...