'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over her role in the 400 million euro ($520 million) payoff to a controversial businessman when she was France's finance minister.
The fragile state of the world economy, along with the relentless turmoil in Syria and the rocky fallout from the Arab Spring, dominated discussions during this year's annual gathering of the global elite at Davos, leaving many participants uneasy about what lies ahead as they left for home Sunday.
In her first major speech of the new year, International Monetary Fund chief Christine Lagarde on Thursday called for "all sides to pull together" in Washington to solve the country's debt and growth problems, saying the world's leading economies must follow through on fiscal and market reforms to avoid slipping back into recession.
Global financial ministers called Saturday for quick and effective action to safeguard faltering economic growth and rebuild shaken confidence as they ended an annual meeting of the International Monetary Fund.
The International Monetary Fund chief on Monday encouraged U.S. policymakers to look past the "political calendars" of an election year and prevent the "fiscal cliff" from wreaking havoc on the global economy.
Just when Detroit seemed to be luring them away, Americans are embracing Japanese cars again.
Time is running out for Europe. As Spain's banking crisis deepens, politicians on the continent remain in denial. The only solutions in their mind involve borrowing or subsidies from German taxpayers. With the International Monetary Fund (IMF) acting as their enabler, Europe's high-debt countries may be able to put off the required reforms, but delaying the inevitable is taking a toll on their economies.
The head of the International Monetary Fund on Tuesday raised the possibility that Greece could leave the eurozone in an orderly fashion.
An infusion of hundreds of billions of dollars will give the International Monetary Fund a badly needed boost to tackle Europe's prolonged debt crisis. But global finance officials sent a strong message Saturday that struggling governments must speed reforms or risk spooking jittery markets and raising the economic danger.
Britain's top finance official says the International Monetary Fund will exceed $400 billion in its drive to significantly bolster its resources to deal with the European debt crisis and other financial emergencies.
In a case that affects thousands of businesses and millions of workers, the California Supreme Court ruled Thursday that employers are under no obligation to ensure that workers take legally mandated lunch and rest breaks.
The International Monetary Fund chief called for a "rebalancing" of the global economy that will involve a worldwide safety net similar to the reserve fund that European institutions have created to bail out debt-ridden members.
Pennsylvania is now the nation's second-largest gambling market behind Las Vegas.
Jeanne Thompson began going gray at 23. She colored her hair for years as she worked her way into management at a large Boston-area financial services company, then gave up the dye for good about a year ago.
The eurozone in particular "is fragile because it is prone to political crisis" and slow decision-making, she said.
IMF chief Lagarde said the "very fragile and timid recovery" depends on leaders in the 17-nation eurozone, the United States and Japan making "the right decisions."