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PR and politics: ‘Davos of the Desert’ sees mass cancellations

JP Morgan Chase Los Angeles Times Mastercard New York Times Sinovation Ventures Standard Chartered Thrive Uber Viacom World Bank It was hailed as the start of Saudi Arabia's revamping of its oil-based economy, but a week before its opening the second edition of the kingdom's prestigious economic Future Investment Initiative (FII) conference has turned into a PR disaster for the country. More than 10 of the largest and most prominent attendees have said they will no longer go to the summit following the disappearance and alleged murder of Saudi dissident Jamal Khashoggi. The Financial Times will not be partnering with the FII conference in Riyadh while the disappearance of journalist Jamal Khashoggi remains unexplained. — Finola McDonnell (@FinolaMcD) October 12, 2018 CNN has withdrawn its participation in the Saudi Future Investment Initiative Conference. US Secretary of the Treasury Steve Mnuchin has said he will attend but will be monitoring the situation. "But his attendance, on the other hand, would signify that President Trump's interest in the bottom line - in the form of the oft-repeated billion-dollar arms deal between the US and Saudi - is winning out over the US leading on global human rights." "I hope that having more and more companies pulling out [of the event] will show that this [case] is something that cannot be disregarded and that international organisations and governments should make more serious statements on it," Zaccara said. According to Zaccara, it is especially important to see what these companies do once the dust from the Khashoggi disappearance has settled. "After the summit [Saudi Arabia's] position will be, 'Now what are you going to do? When that happens, the bottom line might become the most important aspect, putting human rights abuses on the backburner again.

The Health Care Mountain

The figure is projected to be $5.7 trillion by 2026, though as Friedman predicted, when the money is available, we always spend more -- much more. If you leave out China, Japan and Germany, today America spends more money on health care than all the other nations on Earth spend on everything, as Hunt Lawrence and Dan Flynn have been saying in their thoughtful analysis of American health care. As government makes available money to pay our health care bills, we spend the money, for it costs us very little, only time spent with the quacks. America is facing much more than a health care crisis. We believe the tax cuts will pay for themselves, but what can be resorted to to solve our health care crisis? Earlier this year, Amazon -- CEO Jeff Bezos' tool for destroying such venerable institutions as Borders and Toys R Us -- announced a partnership with JPMorgan Chase and Berkshire Hathaway to provide health care at a more reasonable cost to their collective 1.2 million employees. In his announcement of the partnership, Bezos declared, "Hard as it might be, reducing healthcare's burden on the economy while improving outcomes for employees and their families would be worth the effort." Conventional approaches to the federal deficit rely on taxes. What Amazon plans to do on a small scale with JPMorgan Chase and Berkshire Hathaway it can do with the wider audience that it already has, Amazon Prime. And what could Amazon deliver to these customers?