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"If, as expected, this shows Strauss-Kahn was personally cavalier rather than guilty of an offense, then we're likely to see people in France and elsewhere file this away as a private matter," says Dominique Moïsi, senior adviser at the French Institute of International Relations. "From there...

Author: /time Magazine | Title: Sex and the Financial Crisis: The Scandal at the IMF | 10/21/2008 | See Source »

Indeed, despite the notoriously rigid rules of conduct enforced at the IMF and other international organizations, the dramatic economic situation appears to be dampening any enthusiasm for seeing any more lofty heads fall. Especially in France, rumors are swirling that the initial press leaks of the Strauss-Kahn investigation stemmed...

Author: /time Magazine | Title: Sex and the Financial Crisis: The Scandal at the IMF | 10/21/2008 | See Source »

Should Strauss-Kahn survive the inquiry and oversee a refoundation of the Bretton Woods system that has regulated international finance since 1944, he'd likely come through in an ironic position: strengthened to launch an expected presidential bid in 2012 to unseat Sarkozy - the leader now most energetically advocating what...

Author: /time Magazine | Title: Sex and the Financial Crisis: The Scandal at the IMF | 10/21/2008 | See Source »

Not that it seemed to matter. "The fact that these are two conservative politicians that business leaders feel they can trust had a lot of impact," says French economist Bernard Maris, who also thinks markets were comforted by the decision to hold the conference in the U.S. - with an eye...

Author: /time Magazine | Title: Markets Cheer Calls to Overhaul Global Finance | 10/20/2008 | See Source »

The new moon of the lunar month of Kartika marks Diwali, the Indian festival of lights, when Hindus across the country worship the goddess of wealth, Lakshmi. But divinities know full well the laws that govern finance, and Lakshmi may now be a little tight-fisted about circulating her riches...

Author: /time Magazine | Title: Mirroring the US, India's Real Estate Sector Melts Down | 10/20/2008 | See Source »

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