13:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.130 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 13:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.1313:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.13

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Monday, May 23, 2011

World Bank News - 5/23/2011

Mexico seeks support for Carstens as new IMF chief
Reuters
Mexico will formally nominate Carstens later on Monday to replace Dominique
Strauss-Kahn, who resigned as IMF chief last week to face charges he tried
to rape a hotel maid in New York. [ID:nN22116839] Cordero said Carstens,
head of Mexico's central ...
<http://www.reuters.com/article/2011/05/23/mexico-imf-idUSN2319006220110523>
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<http://news.google.com/news/story?ncl=http://www.reuters.com/article/2011/05/23/mexico-imf-idUSN2319006220110523&hl=en&geo=us>

Ex-IMF Chief's DNA Found on Maid's Shirt: Source
NBC New York
AP By Jonathan Dienst and Shimon Prokupecz A DNA sample taken from
Dominique Strauss-Kahn, the former IMF chief accused of sexually assaulting
a hotel maid, has been matched to material found on the maid's shirt, a
source familiar with the case tells ...
<http://www.nbcnewyork.com/news/local/DSKs-DNA-Found-on-Maids-Shirt-Source-122463309.html>
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<http://news.google.com/news/story?ncl=http://www.nbcnewyork.com/news/local/DSKs-DNA-Found-on-Maids-Shirt-Source-122463309.html&hl=en&geo=us>

COMMENT by ALEX BRUMMER: The IMF's moment of fame
Daily Mail
As someone who has reported on the IMF since 1976, when Denis Healey made
his application for a British loan, I can personally testify that for most
of the period since then no one in Britain cared a jot about who is running
the Fund. ...
<http://www.dailymail.co.uk/money/article-1390148/COMMENT-ALEX-BRUMMER-The-IMFs-moment-fame.html?ito=feeds-newsxml>
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<http://news.google.com/news/story?ncl=http://www.dailymail.co.uk/money/article-1390148/COMMENT-ALEX-BRUMMER-The-IMFs-moment-fame.html%3Fito%3Dfeeds-newsxml&hl=en&geo=us>

France's Lagarde Would Be 'Excellent' IMF Leader, Acting Chief Lipsky Says
Bloomberg
Support mounted for Lagarde to head the Washington-based IMF after
Dominique Strauss-Kahn resigned last week following his arrest on sexual
assault charges in New York. Mexico has offered its central bank governor,
Agustin Carstens, ...
<http://www.bloomberg.com/news/2011-05-23/france-s-lagarde-would-be-excellent-imf-leader-acting-chief-lipsky-says.html>
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<http://news.google.com/news/story?ncl=http://www.bloomberg.com/news/2011-05-23/france-s-lagarde-would-be-excellent-imf-leader-acting-chief-lipsky-says.html&hl=en&geo=us>

Italy Won't Need To Tap Emergency IMF-EU Funds, S&P Says
Forbes (blog)
By AGUSTINO FONTEVECCHIA While Italy's public sector debt is massive, the
country's solid financial sector and massive economy will help it avoid
emergency funding and punitive borrowing costs. That's according to
Standard & Poor's even though the ...
<http://blogs.forbes.com/afontevecchia/2011/05/23/italy-wont-need-to-tap-emergency-imf-eu-funds-sp-says/>
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<http://news.google.com/news/story?ncl=http://blogs.forbes.com/afontevecchia/2011/05/23/italy-wont-need-to-tap-emergency-imf-eu-funds-sp-says/&hl=en&geo=us>

Lagarde in wings as candidates emerge for IMF job
Brisbane Times
The race to succeed disgraced IMF chief Dominique Strauss-Kahn officially
got under way Monday, with French Finance Minister Christine Lagarde tipped
as the favorite against at least three opponents. As nominations opened for
the International Monetary ...
<http://news.brisbanetimes.com.au/breaking-news-world/lagarde-in-wings-as-candidates-emerge-for-imf-job-20110524-1f183.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://news.brisbanetimes.com.au/breaking-news-world/lagarde-in-wings-as-candidates-emerge-for-imf-job-20110524-1f183.html&hl=en&geo=us>

The Lesson We Should Really Take From the DSK-Sofitel Story
Huffington Post (blog)
The allegations against IMF Managing Director Dominique Strauss-Kahn for
sexually assaulting and attempting to rape a Hotel Sofitel housekeeper are
a reminder of the serious need for corporations to have policies regarding
violence in the workplace. ...
<http://www.huffingtonpost.com/ludy-green-phd/the-lesson-we-should-real_b_865611.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.huffingtonpost.com/ludy-green-phd/the-lesson-we-should-real_b_865611.html&hl=en&geo=us>

Women at IMF Object to Depiction of Workplace
New York Times
We — a group of women at the International Monetary Fund ranging from
administrative assistants to department heads — do not recognize the
picture of the IMF painted in your article. We feel insulted by your
description of our workplace. ...
<http://www.nytimes.com/2011/05/24/opinion/l24imf.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.nytimes.com/2011/05/24/opinion/l24imf.html&hl=en&geo=us>

European Support Mounts for France's Lagarde as IMF Head
Washington Post
May 23 (Bloomberg) -- Bloomberg's Olivia Sterns reports on the possibility
of French Finance Minister Christine Lagarde becoming the next managing
director of the International Monetary Fund. (/Bloomberg) Correction:
Clarification: Comments our editors ...
<http://www.washingtonpost.com/business/european-support-mounts-for-frances-lagarde-as-imf-head/2011/05/23/AFA2Hc9G_video.html>
See all stories on this topic:
<http://news.google.com/news/story?ncl=http://www.washingtonpost.com/business/european-support-mounts-for-frances-lagarde-as-imf-head/2011/05/23/AFA2Hc9G_video.html&hl=en&geo=us>

=== Blogs - 5 new results for [imf] ===

Changes needed at IMF » TripleCrisis
By Martin Khor
It has been increasingly recognised that the convention that the IMF chief
must be a European while the World Bank president should be an American can
no longer be justified. The two leaders should be selected from persons
from any ...
<http://triplecrisis.com/changes-needed-at-imf/>
TripleCrisis
<http://triplecrisis.com/>

Germany fails to find credible IMF candidate - The Local
Despite being Europe's top economy, Germany looks set to show, yet again,
that it has no viable candidate for a top job at an important global
institution – including the International Monetary Fund (IMF).
<http://www.thelocal.de/money/20110523-35203.html>
The Local - Germany's news in English
<http://www.thelocal.de/>

Battle Over IMF Chief: Proxy War Over Power of Banks? « naked ...
By Yves Smith
There are equally trenchant opinions among IMF insiders. One former senior
official said: “The big danger here is if the Europeans just try to put
their person in. For example, Christine Lagarde [France's finance
minister]. ...
<http://www.nakedcapitalism.com/2011/05/battle-over-imf-chief-proxy-war-over-power-of-banks.html>
naked capitalism
<http://www.nakedcapitalism.com/>

NewsDaily: France's Lagarde says premature to discuss IMF post
French Finance Minister Christine Lagarde said Monday it was "premature" to
discuss whether she would win the top job at the IMF and insisted any
selection process should be open, transparent and merit-based.
<http://www.newsdaily.com/stories/tre74m4na-us-imf-lagarde/>
NewsDaily: Top Headlines
<http://newsdaily.com/?q=Save+Us+From+Berlusconi>

Union Enabled Housekeeper to Speak Up About IMF Chief | AFL-CIO ...
By Tula Connell
After International Monetary Fund (IMF) chief Dominique Strauss-Kahn was
arrested for alleged sexual assault on a Manhattan hotel housekeeper, there
was a lot of domestic back-slapping for this country's superior handling of
such cases ...
<http://blog.aflcio.org/2011/05/23/union-enabled-housekeeper-to-speak-up-about-imf-chief/>
AFL-CIO NOW BLOG
<http://blog.aflcio.org/>