2013 could be 'climate game-changer'

An ice sculpture entitled 'Minimum Monument' by Brazilian artist Nele Azevedo outside Berlin's Concert Hall, September 2, 2009.

STORY HIGHLIGHTS

• The "neglected" risk of climate change seems to be rising to the top of leaders' agendas


• Extreme weather events are costing the global economy billions of dollars each year


• Gas can be an important bridge to a lower carbon future but it's not the answer


• More investment in renewable energy is needed, with fewer risks

Editor's note: Andrew Steer is President and CEO of the World Resources Institute, a think tank that works with governments, businesses and civil society to find sustainable solutions to environmental and development challenges.

(CNN) -- As leaders gather for the World Economic Forum in Davos, signs of economic hope are upon us. The global economy is on the mend. Worldwide, the middle class is expanding by an estimated 100 million per year. And the quality of life for millions in Asia and Africa is growing at an unprecedented pace.

Threats abound, of course. One neglected risk -- climate change -- appears to at last be rising to the top of agendas in business and political circles. When the World Economic Forum recently asked 1,000 leaders from industry, government, academia, and civil society to rank risks over the coming decade for the Global Risks 2013 report, climate change was in the top three. And in his second inaugural address, President Obama identified climate change as a major priority for his Administration.

Andrew Steer

For good reason: last year was the hottest year on record for the continental United States, and records for extreme weather events were broken around the world. We are seeing more droughts, wildfires, and rising seas. The current U.S. drought will wipe out approximately 1% of the U.S. GDP and is on course to be the costliest natural disaster in U.S. history. Damage from Hurricane Sandy will cost another 0.5% of GDP. And a recent study found that the cost of climate change is about $1.2 trillion per year globally, or 1.6% of global GDP.

Shifting to low-carbon energy sources is critical to mitigating climate change's impacts. Today's global energy mix is changing rapidly, but is it heading in the right direction?

Coal is the greatest driver of carbon dioxide emissions from energy, accounting for more than 40% of the total worldwide. Although coal demand is falling in the United States -- with 55 coal-powered plants closed in the past year -- it's growing globally. The World Resources Institute (WRI) recently identified 1,200 proposed new coal plants around the world. And last year, the United States hit a record-high level of coal exports—arguably transferring U.S. emissions abroad.

Meanwhile, shale gas is booming. Production in the United States has increased nearly tenfold since 2005, and China, India, Argentina, and many others have huge potential reserves. This development can be an economic blessing in many regions, and, because carbon emissions of shale gas are roughly half those of coal, it can help us get onto a lower carbon growth path.

However, while gas is an important bridge to a low carbon future—and can be a component of such a future—it can't get us fully to where we need to be. Greenhouse gas emissions in industrial countries need to fall by 80-90% by 2050 to prevent climate change's most disastrous impacts. And there is evidence that gas is crowding out renewables.

Renewable energy -- especially solar and wind power -- are clear winners when it comes to reducing emissions. Unfortunately, despite falling prices, the financial markets remain largely risk-averse. Many investors are less willing to finance renewable power. As a result of this mindset, along with policy uncertainty and the proliferation of low-cost gas, renewable energy investment dropped 11%, to $268 billion, last year.

What do we need to get on track?

Incentivizing renewable energy investment

Currently, more than 100 countries have renewable energy targets, more than 40 developing nations have introduced feed-in tariffs, and countries from Saudi Arabia to South Africa are making big bets on renewables as a growth market. Many countries are also exploring carbon-trading markets, including the EU, South Korea, and Australia. This year, China launched pilot trading projects in five cities and two provinces, with a goal of a national program by 2015.

Removing market barriers

Despite growing demand for renewable energy from many companies, this demand often remains unmet due to numerous regulatory, financial, and psychological barriers in the marketplace.

In an effort to address these, WRI just launched the Green Power Market Development Group in India, bringing together industry, government, and NGOs to build critical support for renewable energy markets. A dozen major companies from a variety of sectors—like Infosys, ACC, Cognizant, IBM, WIPRO, and others— have joined the initiative. This type of government-industry-utility partnership, built upon highly successful models elsewhere, can spur expanded clean energy development. It will be highlighted in Davos this week at meetings of the Green Growth Action Alliance (G2A2).

De-risking investments

For technical, policy, and financial reasons, risks are often higher for renewables than fossil-based energy. Addressing these risks is the big remaining task to bring about the needed energy transformation. Some new funding mechanisms are emerging that can help reduce risk and thus leverage large sums of financing. For example, the Green Climate Fund could, if well-designed, be an important venue to raise funds and drive additional investments from capital markets. Likewise, multi-lateral development banks' recent $175 billion commitment to sustainable transport could help leverage more funds from the private and public sectors.

Some forward-looking companies are seeking to create internal incentives for green investments. For example, companies like Unilever, Johnson & Johnson, and UPS have been taking actions to reduce internal hurdle rates and shift strategic thinking to the longer-term horizons that many green strategies need.

Davos is exactly the type of venue for finding solutions to such issues, which requires leadership and coalition-building from the private and public sectors. For example, the the G2A2, an alliance of CEOs committed to addressing climate and environmental risks, will launch the Green Investment Report with precisely the goal of "unlocking finance for green growth".

Depending on what happens at Davos—and other forums and meetings like it throughout the year—2013 could just be a game-changer.

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The opinions expressed in this commentary are solely those of Andrew Steer.

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China urges restraint on N Korea, cites possible nuke test

BEIJING: China called for restraint on Wednesday after the United Nations tightened sanctions on North Korea as punishment for a rocket launch, citing the possibility of another nuclear test by its wayward ally.

"The DPRK's (North Korea's) satellite launch as well as the possible nuclear test highlight the urgency and importance of settling relevant issues on the Korean peninsula," foreign ministry spokesman Hong Lei told reporters.

"We hope all parties will bear in mind peace and stability of the Korean peninsula, exercise calmness and restraint and avoid actions that might escalate tension."

China backed a Security Council resolution passed on Tuesday in response to last month's long-range rocket launch. The UN expanded the list of North Korean entities on the UN's sanctions list but stopped short of imposing new penalties.

The North reacted defiantly, vowing to strengthen its nuclear and missile capabilities and fuelling speculation about a possible third nuclear test.

China is the North's sole major ally and its leading energy supplier and trade partner. It is seen as one of the few nations able to influence Pyongyang's behaviour.

Communist Party chief Xi Jinping called for dialogue and consultations to achieve the Korean peninsula's denuclearisation and long-term stability.

Speaking with a visiting envoy of South Korean president-elect Park Geun-Hye, Xi said China expects an early resumption of long-suspended six-nation talks on the peninsula's denuclearisation, the official Xinhua news agency said.

State media in China also called for talks to resolve tensions, even after the North rejected dialogue on its atomic programme following the UN move.

"The ultimate way to restore lasting peace and stability on the Korean peninsula is to build trust among key parties through dialogue and consultation," Xinhua said in a commentary.

The agency described the UN move as "a clear response to Pyongyang's violation of Security Council resolutions, which the DPRK as a UN member should abide by".

"It is worth noting that the long-stalled six-party talks remain the most viable platform for dialogue," Xinhua said.

The talks are chaired by China and also involve the two Koreas, the United States, Japan and Russia.

The aim has been to entice Pyongyang to abandon its nuclear programme in exchange for aid and security guarantees, but the process has been moribund since the North abandoned the forum in 2009.

Beijing has long touted the talks as the best way to reduce tensions.

- AFP/xq

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Centrists make gains in Israel elections

STORY HIGHLIGHTS

• Will Israel's new government be more centrist or move right?


• Netanyahu's right-wing Likud Beitenu wins the largest bloc, exit polls show


• Yesh Atid comes in second and Labor third, polling says


• Votes from military members and prisoners are not finalized

Jerusalem (CNN) -- A surprisingly strong showing by centrists in Israel's national election tempered a narrow majority won by Prime Minister Benjamin Netanyahu's party.

Netanyahu's right-wing Likud Beitenu won between 31 and 33 Knesset seats in the Israel election, TV exit polls reported, more than any other party, as expected. But that's a sharp drop for the bloc, a coalition of the Likud and the Yisrael Beitenu parties that had 42 seats in the outgoing Knesset.

Analysis: World distracted as Israelis head to polls

Jewish Home, an extreme right party with a charismatic leader, Naftali Bennett, held its own, getting between 11 and 12 seats.

The Yesh Atid party, a new centrist movement devoted to helping the middle class and halting military draft exemptions for ultra-Orthodox civilians, came in a surprising second place with at least 18 seats, according to the exit polls.

Read more: Israel defies international criticism of settlement plans

The Central Election Committee reported Wednesday that 99% of votes have been counted and verified, but outstanding votes from members of the military and prisoners won't be finalized for a couple of days.

Official results and allocation of seats in the Knesset -- Israel's parliament -- won't be announced until then.

Forming a coalition

The newfound centrist clout will be part of Netanyahu's calculations in forming a new government. The prime minister told weary but elated supporters early Wednesday he plans to form a government "as broad as possible" and pursue his goals with "many partners."

"I believe the results of the election represent an opportunity to make changes that the people of Israel want to see and that will serve all citizens of the state of Israel," he said. "I plan to lead those changes and to that end we must establish a government that is as broad as possible, and I've already started out on that task."

He cited a number of principles a new government will embrace: security, preventing Iran from obtaining nuclear weapons, economic responsibility in the face of the global financial crisis, increasing equality in sharing burdens and lowering the cost of living, including the cost of apartments.

"It is a great privilege but it is also a great responsibility," Netanyahu said. "I believe the results of the elections represent an opportunity to make changes that the people of Israel want to see and (that) will serve all of the citizens of the state of Israel."

But the centrists and leftists attracted waves of voters displeased with, among other things, Israel's high cost of living, and more supportive of talks with Palestinians. At first glance, the initial result reflects a politically polarized electorate, with possibly an edge to the rightists.

Yossi Beilin, a politician who is staunchly in the peace camp and one of the chief architects of the Israeli-Palestinian peace initiative called the Oslo Accords, said it will be impossible for Netanyahu to form his own government and he hopes none of the center-left parties join him.

"The center-left in Israel is alive and kicking. It's almost the majority, or half and half," he said. "All the talks about the demise of the left are over for the time being."

Yesh Atid's leader is a dynamic figure. Yair Lapid, a longtime prominent journalist whose late father, Tommy Lapid, led Shinui, a onetime secularist party that took on the influence and power of the ultra-Orthodox.

Yesh Atid also calls for reforming the governmental system, improving education, jump-starting the economy through small-business assistance and providing housing assistance for military veterans and young couples.

The Labor Party, whose leader Shelly Yacimovich campaigned solely on economic concerns, apparently won 17 seats, according to exit polling. Before the election, she was expected to finish in second place, so that is a surprise. She and other centrists were working to tap into the disaffected Israelis who took to the Tel Aviv streets in 2011 to protest frustrating economic conditions.

Is Israel's swing to the right over?

One party in Israel never gets a parliamentary majority of more than 60 seats, so parties must rely on coalition-building. The question is whether Netanyahu will stay on the right or move to the center.

Will Netanyahu form a right-wing coalition with Jewish Home and religious blocs such as Shas -- which earned between 11 and 13 seats, exit polls show? Or will he move to the center and try to form a coalition with Yesh Atid, for example, and others? Or is it possible that a center-left coalition could be cobbled together, without the right wing?

Netanyahu and his party sensed Yesh Atid's momentum. He called on his backers to come out and vote.

"The Likud government is in danger, go vote for us for the sake of the country's future," he was quoted as saying.

After the exit polls rolled in, Netanyahu thanked Israelis on Facebook for his showing and indicated that he wants "a very wide government" as the hard work of coalition building begins Wednesday.

"The (election) results observed are a great opportunity for many changes for the benefit of all citizens of Israel. The complications ahead of us are many and wide, as from tonight I will start my efforts to form a very wide government as possible."

A polarized nation

Michael Singh, managing director at the Washington institute, said the result reflects polarized politics in Israel. The immediate consequences of the result is that coalition building will be difficult and time-consuming, he said.

The worst-case scenario would be government paralysis and maybe another election sooner rather than later. While he said it's possible that a centrist coalition led by Yesh Atid, which means "there is a future," and Labor could emerge, Singh thinks Netanyahu and Lapid will form a government.

Likud celebrated after the results came in. Danny Danon, a Likud party member expected to serve in the next Knesset, was asked why the Israeli-Palestinian peace process hasn't been front and center in the campaign.

Both talks and the issue of Iran were not as prominent among factors as expected by many observers. Domestic issues, in contrast, played a large role in the campaign.

Israel has no partner among Palestinians, Danon said, and noted that peace initiatives have been tried but haven't borne fruit. He cited the situation in Gaza, where militants fire missiles into Israel despite the country's departure from that Palestinian territory. Israel launched an offensive against Palestinian militants in Gaza last year after enduring missile fire on its territory.

The next government, he said, will reach out to Palestinians "but will also continue to make sure Israelis are strong and safe."

Israel doesn't "want to see an al Qaeda state in our backyard," Danon said.

David Makovsky, an Israeli analyst at the Washington Institute for Near East Policy, said the election is good news for the Obama administration, which has had prickly relations with the right-wing Netanyahu government. It comes after a high turnout -- the percentage of eligible voters who cast a vote was 66.6%, just 1% more than the 2009 election.

"It's unclear if Netanyahu wanted a pure right-wing option in the first place," Makovsky said.

"But Washington can breathe a sigh of relief that Netanyahu will need to reach accommodation with some parties at the center of the map who essentially would like to see progress on the Palestinian issue as well as on economic issues."

CNN's Joe Sterling reported from Atlanta. CNN's Sara Sidner, Kareem Khadder and Nicola Goulding reported from Israel.

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Netanyahu likely clings to job in Israel election

Updated at 6:59 a.m. Eastern.

JERUSALEM Israel's parliamentary election ended Wednesday in a stunning deadlock between Prime Minister Benjamin Netanyahu's hard-line bloc and center-left rivals, forcing the badly weakened Israeli leader to scramble to cobble together a coalition of parties from both camps, despite dramatically different views on Mideast peacemaking and other polarizing issues.

Israeli media said that with 99.8 percent of votes counted on Wednesday morning, each bloc had 60 of parliament's 120 seats. Commentators said Netanyahu, who called early elections expecting easy victory, would be tapped to form the next government because the rival camp drew 12 of its 60 seats from Arab parties who've never joined a coalition.

That means the right-wing Netanyahu will have to form a coalition with moderates who support peace talks with the Palestinians, reports CBS Radio News correspondent Robert Berger. That could help Netanyahu improve ties with the U.S., but it could also mean he is only able to build an unstable coalition government that won't last.

A startlingly strong showing by a political newcomer, the centrist Yesh Atid party, turned pre-election forecasts on their heads and dealt Netanyahu his surprise setback.

Yesh Atid, or There is a Future, a party headed by political newcomer Yair Lapid, is now Netanyahu's most likely partner. Lapid has said he would only join a government committed to sweeping economic changes and a resumption of peace talks with the Palestinians.

Addressing his supporters early Wednesday, Netanyahu vowed to form as broad a coalition as possible. He said the next government would be built on principles that include reforming the contentious system of granting draft exemptions to ultra-Orthodox Jewish men and the pursuit of a "genuine peace" with the Palestinians. He did not elaborate, but the message seemed aimed at Lapid.

Shortly after the results were announced, Netanyahu called Lapid and offered to work together. "We have the opportunity to do great things together," Netanyahu was quoted as saying by Likud officials.

Netanyahu's Likud-Yisrael Beitenu alliance was set to capture about 31 of the 120 seats, significantly fewer than the 42 it held in the outgoing parliament and below the forecasts of recent polls.

With his traditional allies of nationalist and religious parties, Netanyahu could put together a shaky majority of 61 seats, results showed. But it would be virtually impossible to keep such a narrow coalition intact, though it was possible he could take an additional seat or two as numbers trickled in throughout the night.

The results capped a lackluster campaign in which peacemaking with the Palestinians, traditionally the dominant issue in Israeli politics, was pushed aside. Netanyahu portrayed himself as the only candidate capable of leading Israel at a turbulent time, while the fragmented opposition targeted him on domestic economic issues.

Israeli actor, journalist and author Yair Lapid, leader of the Yesh Atid party, speaks to supporters, Jan. 23, 2013 at his party headquarters in Tel Aviv.

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Netanyahu's goal of a broader coalition will force him to make some difficult decisions. Concessions to Lapid, for instance, will alienate his religious allies. In an interview last week with The Associated Press, Lapid said he would not be a "fig leaf" for a hard-line, extremist agenda.

Lapid's performance was the biggest surprise of the election. The one-time TV talk show host and son of a former Cabinet minister was poised to win 19 seats, giving him the second-largest faction in parliament.

Presenting himself as the defender of the middle class, Lapid vowed to take on Israel's high cost of living and to end the contentious system of subsidies and draft exemptions granted to ultra-Orthodox Jews while they pursue religious studies. The expensive system has bred widespread resentment among the Israeli mainstream.

Thanks to his strong performance, Lapid is now in a position to serve as the kingmaker of the next government. He will likely seek a senior Cabinet post and other concessions.

Yaakov Peri, a member of Lapid's party, said it would not join unless the government pledges to begin drafting the ultra-Orthodox into the military, lowers the country's high cost of living and returns to peace talks. "We have red lines. We won't cross those red lines, even if it will cost us sitting in the opposition," Peri told Channel 2 TV.

Addressing his supporters, a beaming Lapid was noncommittal, calling only for a broad government with moderates from left and right. "Israelis said no to the politics of fear and hatred," he said. "And they said no to extremism and anti-democracy."

There was even a distant possibility of Lapid and more dovish parties teaming up to block Netanyahu from forming a majority.

"It could be that this evening is the beginning for a big chance to create an alternative government to the Netanyahu government," said Shelly Yachimovich, leader of the Labor Party, which won 15 seats on a platform pledging to narrow the gaps between rich and poor.

Although that seemed unlikely, Netanyahu clearly emerged from the election in a weakened state.

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Te'o Tells Couric He Briefly Lied About Girlfriend

Manti Te'o briefly lied to the media and the public after discovering his online girlfriend did not exist and was a part of an elaborate hoax, he admitted in an exclusive interview with ABC News' Katie Couric.

The star Notre Dame linebacker, who has been hounded by the reporters since the story broke Jan. 16, told Couric in a taped interview Tuesday that he was not lying up until December. Te'o said he was duped into believing his online girlfriend, Lennay Kekua, died of cancer.

"You stuck to the script. And you knew that something was amiss, Manti," Couric said.

"Katie, put yourself in my situation. I, my whole world told me that she died on Sept. 12. Everybody knew that. This girl, who I committed myself to, died on Sept. 12," Te'o said.

Te'o said he received a phone call Dec. 6 from a woman claiming she was Kekua, even though Kekua had allegedly passed away three months earlier.

"Now I get a phone call on Dec. 6, saying that she's alive and then I'm going be put on national TV two days later. And to ask me about the same question. You know, what would you do?" Te'o said.

See more exclusive previews tonight on "World News With Diane Sawyer" and "Nightline." Watch Katie Couric's interview with Manti Te'o and his parents Thursday. Check your local listings or click here for online station finder.

Te'o, 21, was joined by his parents, Brian and Ottilia, in the interview.

"Now many people writing about this are calling your son a liar. They are saying he manipulated the truth, really for personal gain," Couric said to Te'o's father.

Man Allegedly Behind the Manti Te?o Dead Girlfriend Hoax Watch Video

Manti Te'o Girlfriend Hoax: The Man Accused of Elaborate Prank Watch Video

"People can speculate about what they think he is. I've known him 21 years of his life. And he's not a liar. He's a kid," Brian Te'o said with tears in his eyes.

Click here for a who's who in the Manti Te'o case.

Diane O'Meara told NBC's "Today" show Tuesday that she was used as the "face" of the Twitter account of Manti Te'o's online girlfriend without her knowledge or consent.

O'Meara said that Ronaiah Tuiasosopo used pictures of her without her knowledge in creating Kekua.

"I've never met Manti Te'o in my entire life. I've never spoke with him. I've never exchanged words with him," O'Meara said Tuesday.

The 23-year-old marketing executive went to high school in California with Tuiasosopo, but she says they're not close. Tuiasosopo called to apologize the day Deadspin.com broke the hoax story, she said.

Timeline of Manti Te'o girlfriend hoax story

In an interview with ESPN last week, Te'o said he had received a Twitter message from Tuiasosopo apologizing for the hoax.

The Hawaiian also spoke to Tuiasosopo on the phone the day the Deadspin report came out, according to ESPN.com. He found out that "two guys and a girl are responsible for the whole thing," he said.

But he did not know the identities of the other individuals involved, other than the man he says was Tuiasosopo.

Tuiasosopo, a 22-year-old resident of California, has not admitted involvement publicly. Tuiasosopo graduated from Paraclete High School in Lancaster, Calif., in 2007 and has posted dozens of videos online signing Christian songs.

Those who knew him say he was a devout Christian and a good athlete. His former football coach Jon Flemming described him as gregarious, and from a "good loving family." Flemming said Tuiasosopo is the kind of guy who gives you a hug when he sees people he knows.

"He's doing good. Wishing everyone would go away," Flemming told ABC News Wednesday after a recent correspondence with Tuiasosopo.

Flemming said Tuiasosopo is "somebody I'd want my kid to grow up like. He's responsible, respectful, disciplined, dedicated."

Tessi Toluta'u, a Polynesian beauty queen, told ABC News this weekend that "Lennay Kekua" reached out to her in 2008 about entering pageants.

When visiting Los Angeles in 2009, Toluta'u was supposed to meet Kekua, but she failed to appear. Tuiasosopo met Toluta'u instead.

"[It's a] sick joke that went way too far," Toluta'u said.

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Defterios: What keeps Davos relevant

STORY HIGHLIGHTS

• Since the late 20th Century, the ski resort of Davos has been synonymous with the World Economic Forum


• Defterios: I first came to Davos as a relatively junior correspondent, two months after the Berlin Wall fell


• Fall of Communism, China's opening, removal of apartheid in South Africa unfolded in the 90s
  
  


• It's the inter-play between geo-politics and business is what keeps the forum relevant

Davos (CNN) -- Veterans of Davos often refer to nature's awe-inspiring work as the Magic Mountain.

The name comes from an early 20th century novel by Thomas Mann -- reflecting on life in an alpine health retreat, and the mystery of time in this breath-taking setting.

Read more from John Defterios: Why Egypt's transition is so painful

Since the late 20th century, this ski resort has been synonymous with the World Economic Forum, which represents networking on its grandest scale.

This year nearly 40 world leaders -- a record for this annual meeting -- 2000 plus executives and it seems an equal number of people in the media, like yours truly, are in pursuit of them all. The setting is certainly more chaotic then a decade ago. The agendas of the Fortune 500 chief executives are to filled with bi-lateral meetings and back door briefings to allow for the spontaneity that made this venue unique.

Davos gets ready for leaders' gathering

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I first came to Davos as a relatively junior correspondent in 1990, two months after the fall of the Berlin Wall. It was arguably then, after nearly two decades in the conference business, when the forum became a fixture on the global calendar.

Quest: U.S. economy to dominate Davos 2013

I can remember, quite vividly, working out of a bunker (like we do today) in the Davos Congress Centre. West German Chancellor Helmut Kohl sat side-by-side with his East German counterpart Hans Modrow. That meeting before the global community helped set the stage for monetary union, a huge unification fund for what became Eastern Germany and shortly thereafter German elections.

The early 90s at Davos were dominated by European reconstruction after the fall of communism. Former party bosses came to the forum to convince business leaders that a transition to market economics could be delivered. Boris Yeltsin made his Davos appearance during that chaotic transition from the USSR to today's Russia.

Davos 2013: New year, same old problems?

In 1992, Chinese Premier Li Peng used the setting here in the Alps to articulate plans for the country's economic opening up to the world. Not by chance, the architect of Washington's engagement with Beijing, the former U.S. Secretary of State Henry Kissinger also took a high profile that year.

Again only two years later in 1994, Yasser Arafat and Shimon Peres walked hand in hand on stage, holding a public dialogue leading up to the creation and recognition of the Palestinian Authority.

The World Economic Forum, as the saying goes, was positioned to be in the right place at the right time. While the author of the Magic Mountain talked about the complexity of time around World War I, in the 1990s time was compressed here.

The fall of communism, the lowering of global trade barriers, the opening up of China, the removal of apartheid in South Africa and the proliferation of the internet all unfolded in that decade.

Interactive: How's your economic mood?

As those events came together, so too did the major players as they made the journey to Davos. Michael Bloomberg, evolving as a global name in financial data and now the Mayor of New York City, sat alongside Microsoft CEO Bill Gates. U.S. President Bill Clinton outlined his party's historic move to the political center before a packed audience of global business executives.

To spice things up, rock stars and actors, as they became activists, chose the Davos platform: Bono, Richard Gere, Sharon Stone, Brad and Angelina would have the wealthiest and most powerful corporate titans freeze in their tracks.

Earlier this week, I walked into the main plenary hall as workers put the final touches on the stage and lighting. It is a venue which has welcomed countless political leaders and business executives, during internet booms and banking busts, in the midst of a Middle East crisis and even during the lead up to two Gulf Wars.

But that inter-play between geo-politics and business -- during the best and worst of times -- is what keeps the forum relevant. It allows this setting at the base of the Magic Mountain to endure and recreate something unique during what Mann rightly described as the ongoing complexity of our times.

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Chinese film fans decry censors' cuts in 'Skyfall'

BEIJING: Chinese cinema fans were up in arms Tuesday over cuts made to "Skyfall", complaining that the censors had ruined the latest film in the James Bond franchise, which hit screens this week.

Some scenes from the movie, parts of which were filmed in Shanghai starring Daniel Craig in his third appearance as the British secret agent, were clearly too sensitive for the censors, especially scenes referring to China.

"It's annoying! Every time it's the same!" wrote one user named Niccilee in a post on one popular microblog. "We've been waiting for this for so long and then they cut it and re-cut it!"

The 23rd official film in the highly lucrative series came out late last year in most markets but Chinese authorities put off the release date until this week under its usual practice of favouring domestic productions.

When it did hit the screen on Monday, it was with several cuts.

Among the scenes to have ended up on the cutting room floor was one where a hitman played by Ola Rapace takes out a Chinese security guard in a Shanghai sky-scraper.

"Are they afraid of copy-cat killings by other criminals?" asked Leslie Zhuang, one disappointed viewer in an online posting. "If scenes like this are cut, you may as well not import the film!"

A scene depicting prostitution in Macau -- a special administrative region of China -- had also been taken out, as was a line from Bond's nemesis, played by Javier Bardem, in which he mentions having suffered torture at the hands of Chinese security agents.

"I'd rather watch the pirated DVD," said Li Xiaotian, another Internet user, referring to the illegal copies of films that are easy to come by in China.

The official Xinhua news agency said the cuts had prompted calls for reform in the way films are censored, although there was no criticism of the "Skyfall" cuts in the state media.

Rules governing censorship in China are opaque and reasons are never given for why cuts are made. Few films escape the censors unscathed, unless they offer a particularly flattering depiction of the Chinese people.

Regardless of the censors, the cuts did not seem to have dented box office sales at one Beijing cinema, Megabox, which reported that most tickets had been sold for screenings on Tuesday.

China imposes strict rules over what films are allowed to be seen by the public, banning what it considers any negative portrayal of contemporary politics or issues it says might lead to social unrest.

After years of pressure, China last year agreed to increase the number of imported films allowed in annually from 20 to 34, in a year when 893 films were produced domestically.

- AFP/ir

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Prince Harry: I killed Taliban

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

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STORY HIGHLIGHTS

• Britain's Prince Harry says he killed Taliban militants during tour in Afghanistan


• Harry, known to comrades as Captain Wales, had served for four months in Helmand province


• Harry: "We fire when we have to but we're more of a deterrent than anything else"

(CNN) -- Britain's Prince Harry has acknowledged that he killed Taliban insurgents on his latest tour of duty in Afghanistan as a crew member of an Apache attack helicopter.

Harry has been serving for four months as a co-pilot gunner (CPG) in southern Helmand province -- considered a Taliban heartland -- and flew on scores of missions with the trigger to rockets, missiles and a 30mm cannon at his fingertips.

No one is saying how many insurgents Harry might have killed but toward the end of his deployment, the 28-year-old, known to his comrades as Captain Wales, shared some of his feelings about combat with reporters while on duty in the massive military base known as Camp Bastion. He said it was sometimes justified to "take a life to save a life. That's what we revolve around, I suppose."

More: How 'soldier prince' tore up royal rule book

Harry through the years

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Harry explained how the roles of Apaches and CPGs have changed since his previous deployments in 2007 and 2008. "It used to be very much: front seat, you're firing the whole time.

"Now, yes we fire when we have to but essentially we're more of a deterrent than anything else.

"Our job out here is to make sure the guys are safe on the ground and if that means shooting someone who is shooting at them, then we will do it," said the prince, third in line to the British throne.

"It's not the reason I decided to do this job. The reason to do this job was to get back out here, and carry on with a job."

Away from his helicopter, the prince mixed freely on base, eating in the canteen with everyone else and relaxing by playing video games with others in the 130-strong 662 Squadron, 3 Regiment Army Air Corps (AAC). With those comrades, he was just "one of the guys."

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Now, yes we fire when we have to but essentially we're more of a deterrent than anything else
Prince Harry

In contrast to his privileged upbringing in palaces and an education at Eton College, the prince lived in a shared room within shipping containers converted into an accommodation block. He said he was free to stroll around the base, to visit the gym or the laundry. "It's completely normal," Harry added.

But he said he still received unwanted attention in more public places. "For me it's not that normal because I go into the cookhouse and everyone has a good old gawp, and that's one thing that I dislike about being here," he said.

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"Because there's plenty of guys in there that have never met me, therefore look at me as Prince Harry and not as Captain Wales, which is frustrating.

"Which is probably another reason why I'd love to be out in the PBs (patrol bases), away from it all.

"But yeah, it's completely normal. It's as normal as it's going to get. I'm one of the guys. I don't get treated any differently."

His deployment meant he could step back from the public eye, although he said his father, the heir to the British throne Prince Charles, often reminded him of his position. Harry admitted he had "let himself and his family down" when he was photographed naked at a party in a Las Vegas hotel last year.

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He also expressed frustration about the media. Referring to the TV producer whom he was addressing, he said: "I never wanted you guys to be out here, but there was an agreement made to invite you out on the deal that the media didn't speculate before my deployment. That's the only reason you guys are out here."

Harry appeared happier talking about his military role: building up the Afghan National Army, the ANA, so it can eventually take over.

"It's great to see the ANA taking more of a lead in things as well. And the professionalism is definitely shining through."

That's something his superiors in the army might say of the prince himself.

What do you think about Prince Harry's comments. Leave your comments below.

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U.K. grandma gets death sentence in Bali

BALI An Indonesian court sentenced a British grandmother to death on Tuesday for smuggling cocaine worth $2.5 million in her suitcase onto the resort island of Bali — even though prosecutors had sought only a 15-year sentence.

Lindsay June Sandiford, 56, wept when judges handed down the sentence and declined to speak to reporters on her way back to prison, covering her face with a floral scarf. She had claimed in court that she was forced into taking the drugs into the country by a gang that was threatening to hurt her children.

Indonesia, like many Asian countries, is very strict on drug crimes, and most of the more than 40 foreigners on its death row were convicted of drug charges.

Sandiford's lawyer said she would appeal. Appeals take several years, and the country has not carried out an execution since 2008, when 10 people were put to death.

A verdict is expected in the trial of Sandiford's alleged accomplice, British man Julian Anthony Pounder, on Wednesday. He is accused of receiving the drugs in Bali, which has a busy bar and nightclub scene where party drugs such as cocaine and ecstasy are bought and sold between foreigners. Two other British citizens and an Indian have already been convicted and sentenced to prison in connection with the bust.

In its verdict, a judge panel at the Denpasar District Court concluded that Sandiford had damaged the image of Bali as a tourism destination and weakened the government's drug prevention program.

"We found no reason to lighten her sentence," said Amser Simanjuntak, who headed the judicial panel.

Prosecutors had been seeking a 15-year prison sentence for Sandiford, who was arrested in May when customs officers at Bali's airport discovered 8.4 pounds of cocaine in the lining of her luggage.

State prosecutor Lie Putra Setiawan told reporters that the verdict was "appropriate," explaining that prosecutors had been demanding 15 years because of Sandiford's age.

Indonesia has 114 prisoners on death row, according to a March 2012 study by Australia's Lowy Institute for International Policy. Five foreigners have been executed since 1998, all for drug crimes, according to the institute.

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Obama's Inauguration: A Night to Remember

President Barack Obama dances with first lady Michelle Obama at the Commander-in-Chief Ball, Jan. 21, 2013, in Washington, DC. Pres. Obama was sworn-in for his second term as president during a public ceremonial inauguration earlier in the day. (Justin Sullivan/Getty Images)

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