While BusinessWeek reports record attendance at Davos this year, some heads of state and business have their hands full at home—or are they staying away for the sake of image? Timothy Geithner had to be in Washington to face confirmation hearings Monday. California Governor Arnold Schwarzenegger is at home dealing with his state’s financial shortfall, [...]

Feeding zombies is a deadly move, but how is government to know which debtors are tomorrow’s write-offs? On BusinessWeek.com, Peter Coy writes, “When a big employer runs into trouble, it’s tempting to keep it going at any cost. Economists call this ‘lemon socialism’—the investment of public money in the worst companies rather than the best. [...]