Word: straussed
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...above-the-knee dresses and well-cut tuxes left the great white tent on Moors Terrace slightly tipsy and reasonably satisfied. The food and drink selection were mediocre, the décor lovely but not especially memorable, and the music—let's just say DJ Strauss made for easy (and impassioned) conversation come Tuesday morning...
...Asia and Latin America because of the tough conditions it imposed on governments as the price for its financial assistance. When its role dwindled to near-irrelevance earlier this decade as the world economy expanded strongly, few tears were shed. Taking over as managing director in 2007, Frenchman Dominique Strauss-Kahn warned its directors that, "what might be at stake today is the very existence...
...these unanswered questions, the vote of confidence given to the IMF partly reflects its performance over the past few months under Strauss-Kahn, a former French finance minister who made an unsuccessful bid for the French presidency before being appointed to the job. Since the U.S. investment bank Lehman Brothers collapsed in September 2008, the IMF has lifted its game and put together rescue packages totaling more than $50 billion for Hungary, Iceland, Latvia, Ukraine and other financially overstretched countries...
Unlike some of his more diplomatic predecessors, Strauss-Kahn hasn't shied away from publicly advocating policy changes - and even criticizing some of his taskmasters. When he made an impassioned plea in January 2008, at the Davos World Economic Forum, for countries to spend their way out of this crisis, it so surprised his audience, who were more used to traditional IMF calls for austerity, that Larry Summers, now a top U.S. economic official, described it as a "historic moment." More recently, Strauss-Kahn has put public pressure on European governments to increase the size of their economic-stimulus packages...
...inhuman nature in the cold numbers of capitalism, that's what stuns you.' LASZLO VARNAI, mayor of Kiskunhalas, Hungary, on the closing of the town's Levi Strauss & Co. plant, once a successful symbol of Western capitalism in the ex-Soviet nation...