Analysis: Don't waste your time on the Davos forum, which kicks off this week. A bigger economic story already happened in another Swiss town, Basel, where the banks just won huge.
Red light, green light, Basel 1, 2, 3. (Fabrice Coffrini/AFP/Getty Images)
Whatever lofty pronouncements issue forth from leaders attending Davos this week, nothing’s likely to trump what a little-known bureaucratic agency did in another Swiss town, Basel, just 10 days earlier.