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Hello and welcome to the Davos edition of Slate Money, your guide to the business and finance news of the week.

I'm Felix Hammond of Fusion, and this week I'm coming at you from Davos.

This is the distinction which no one really understands. Davos is this huge alpine gab-fest cluster-fuck conference which happens at the top of a Swiss Elp in January every year.

And the town which it's held in is this Swiss town called Davos, which is normally a kind of sleepy

second-grade ski resort, and for one week a year just becomes this...

Militarized zone.

Militarized zone.

Yes, well, this is one of the things we're going to talk about.

Don't let you cross the street.

So the woman talking about the Swiss guards and the astonishing number of machine guns that you see around

here is Jenny Anderson. Jenny, tell us who you work for and what you do. My name is Jenny Anderson

and I have a drinking problem. No, I work for the New York Times. I'm here in Davos for the first time ever.

Jenny is what's known as a Davos newbie.

...