02/28/2009 05:12 am ET | Updated May 25, 2011

Davos Day 1: Gauging The Pain Around The World

The title was Update 2009: North America, but it might as well have been called, A Tour of the World: Who's Got It Worse?

From Pakistan to Afghanistan to Israel, Iran and yes, North America, moderator Josef Joffe of Germany's Die Zeit led the audience and panelists through a gauntlet of which threat was most worrisome: terrorism, nuclear weapons, the failure of the peace process, or greedy bankers and out-of-control deficit spending in New York and Washington.

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