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With the financial crisis forcing global leaders to rethink the basic framework of the world's financial system, it's probably not the best of times for the International Monetary Fund (IMF) to be mired in internal scandal. Yet even as French President Nicolas Sarkozy got the backing of U.S. President George W. Bush Saturday to organize a summit to reform the international financial rules that the IMF oversees, the world discovered that the organization's French managing director, Dominique Strauss-Kahn, is being investigated for possible abuses of power. The findings of that inquiry - expected later this week - will...
Before boarding a plane on Saturday to meet President George W. Bush, French President Nicolas Sarkozy proclaimed, "Europe wants it. Europe demands it. Europe will get it." The "it" here is global financial reform, and evidently Sarkozy won't have to wait long. Just hours after their closed-door meeting had finished, Bush and Sarkozy, along with European Commission President Jose Manuel Barroso, issued a joint statement announcing that a summit would be held next month to devise what Barroso calls a "new global financial order...
...positions via voluntary departures. Caught red-handed after Nagy's husband discovered e-mail sent last January during the monthlong affair, Strauss-Kahn owned up to the tryst, stressing that his transgressions ended there. On Monday, Strauss-Kahn issued an apology to Nagy, the IMF staff and his French TV-personality wife Anne Sinclair for what he called "my error in initiating this relationship...
...Sarobi that insurgents had killed 10 French troops in August, but after a few phone calls, Ali decided that Sarobi was probably the safest district we could visit to report on the security situation beyond the capital. Once we reached Sarobi, however, we realized that even Kabul's veneer of safety was just an illusion...
...Another phone call: a close friend's father, a French-Afghan businessman and relative of the late king, was kidnapped at gunpoint last night, just a few blocks from where Williams was shot this morning. And the kidnappers of the son of another prominent businessman have delivered a ransom note, demanding $20 million...