Davos enjoys top wines but downgrades fizz

You might think that the World Economics Forum in Davos would have plenty of things to keep them in sombre mood - such as an international recession and near collapse of the banking system - but news has reached us that some are still partying like it's 1999.

Dignitaries and political big-wigs have practically polished off the Steigenberger Grandhotel Belvedere hotel's annual supply of 1971 Chateau Petrus premier cru, which sells for $1,700 a bottle according to gm Ernst Wyrsch.

However it seems some attendees are more sensitive to the economic plight affecting the rest of us.

We hear reports of banks down-grading from Krug and Dom Perignon at receptions to Laurent Perrier or white wine. And luxury foods such as caviar have found themselves blacklisted for being too ostentatious and sending out the wrong corporate message. You think...