“The International Monetary Fund is expected to contribute just €13 billion ($17.07 billion) to a second Greek aid package worth €130 billion, leaving euro-zone governments to provide a much bigger share of funds than they did in the euro zone’s three earlier bailouts, people familiar with the situation said” [WSJ]
IMF
Christine Lagarde: There’s No ‘I’ In Teamwork But There’s Something That Looks Like An ‘I’ In “WWIII”
By Bess Levin
“There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super- advanced economies that will be immune to the crisis that we see not only unfolding, but escalating at a point where everybody would actually have to focus on what it can do,” Lagarde said. If the international community doesn’t work together, “the risk from an economic point of view is that of retraction, rising protectionism, isolation,” Lagarde said. “This is exactly the description of what happened in the ‘30s and what followed is not something we are looking forward to.” [Bloomberg]
Strauss-Kahn, who was with his wife French TV personality wife Anne Sinclair, drove himself to the headquarters of the International Monetary Fund and met briefly with his successor and fellow French national Christine Lagarde. He later addressed a packed auditorium out of reach of the cameras of televisions crews and photographers who had camped outside the IMF all day waiting for the former director. “He received a very warm welcome,” said Paulo Nogueira Batista, who represents Brazil and a group of eight Latin American countries, after the meeting. “It reflects the fact that he is very much appreciated in the institution,” Nogueira Batista said, adding: “People clapped for very long periods.” Another witness, who asked not to be identified, said staff broke into spontaneous applause before Strauss-Kahn began speaking. [Reuters, earlier]
Hide yo receptionists, hide yo bellhops, hide yo room service guys, hide yo in-house masseuses, hide yo Olive Garden cocktail waitresses, hide yo TKTS tellers, hide yo hookers from The Point, hide yo cab drivers, hide yo flight attendants, hide yo pilots, hide yo air traffic controllers. Continue reading »
Air France Suggests Dominique Strauss-Kahn Attempted To Grab The Asses Of Everyone From Security Guards To Flight Attendants To The Guy Directing Traffic On The Runway
By Bess LevinAir France ruled that only male cabin crew were allowed to serve Dominique Strauss-Kahn, currently fighting accusations he attempted to rape a New York hotel maid. The claim was reported Thursday by Le Parisien newspaper, which also says lawyers for the former IMF chief’s alleged victim, Nafissatou Diallo, are soliciting testimony from female flight attendants at the national carrier, who may have been subjected to inappropriate behavior by the Frenchman.”Air France has a few hundred complaints from clients, employees, crew members who met the man suspected of having abused your client Madame Diallo,” the letter alleged, adding, “it was decided by Air France that ‘only male employees should be deployed in the first class cabin when this client [Strauss-Kahn] was traveling.’ French magazine Le Point reported that just moments before Port Authority detectives arrived, he had barked at an attendant, “What a nice ass!” as she prepared the cabin for takeoff. [NYP]
Though his schedule is extremely packed, Nassim Taleb, who knows everything there is to know about risk while Ben Bernanke knows nothing, has agreed to co-author a paper with the IMF’s Monetary and Capital Markets department “for the G-20 to develop ways to apply his method for identifying tail risks, or the chances of low probability, high-impact event.” Topics discussed will presumably include but not be limited to destroying the Nobel prize before it can destroy us.
Over the weekend, the Post ran an article claiming that the maid accusing Dominique Strauss-Kahn of sexual assault claiming that the woman was not only paid for sexual services from Sofitel guests but continued to “work as a prostitute in a Brooklyn hotel where she was stashed by prosecutors” after the initial DSK allegations. According to the maid’s lawyer such is not the case and his client will be suing the paper for suggesting otherwise. Continue reading »
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