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Hard times at Versailles

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Mood of sobriety and self-recrimination at Davos

In recent years, Goldman Sachs has been renowned for hosting one of the hottest parties during the World Economic Forum’s glittering annual meeting in Davos. No longer.

This year, in a nod to the new mood of sobriety and self-recrimination, the US broker has quietly cancelled its party and sharply reduced its delegation to the event, which starts on Wednesday.

I guess class warfare isn't a sustainable economic model. Who knew?

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