INTERNATIONAL MONETARY FUND

Dominique Strauss-Kahn and his wife Anne Sinclair depart a hearing at the New York State Supreme Courthouse in New York

Hotel Maid in Strauss-Kahn Case Speaks Out

The New York hotel maid who accused former IMF chief Dominique Strauss-Kahn of attempting to rape her said in an interview published on Newsweek's website on Sunday that he appeared as a "crazy man" and attacked her when she entered his room.

Ratings agencies rattle cages in U.S., Europe

Standard & Poor's building
The credit ratings agencies are again angering governments, but this time they are taking on the big fish of the world economy. From Washington to Brussels, Moody's, Standard & Poor's and Fitch have added to the intense pressure on governments trying to deal with crushing sovereign debt.
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Monetary and Fiscal Policies Have Reached the Limits: AEI Outlook for US Economy (FULL TEXT)

The US economy is at an inflection point after the end of the second round of Quantitative Easing (QE2). Two rounds of monetary and fiscal stimulus since 2008 have had only limited impact on growth or unemployment. The question is,'What next?' will there be another round of monetary and fiscal policy easing? Analysts at American Enterprise Institute for Public Policy Research (AEI) are of the opinion that fiscal and monetary policies have reached their limits.
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Former IMF Chief Dominique Strauss-Kahn

DSK Case: Will Prosecutors Back Off or Pursue Charges?

Prosecutors in New York are investigating a sexual assault case against former International Monetary Fund chief Dominique Strauss-Khan and have not yet decided to back off or continue to pursue seven counts of against him.
Dominique Strauss-Kahn

Prosecutors: Serious Problems with Strauss-Kahn Accuser's Statements

The chambermaid who accused former IMF Director Dominique Strauss-Kahn of sexual assault admitted that she lied to a grand jury about the events surrounding the alleged attack, according to a letter sent from prosecutors to Strauss-Kahn's defense team.
The Strauss Kahn Sexual Harassment case

Twist in the case sets Strauss Kahn free from house arrest

Former IMF chief Dominique Strauss-Kahn spent his very first day outside, free from the house arrest on Saturday. This happened as the prosecutors gave him a benefit of doubt regarding the credibility of the maid who accused him of a sexual assault and attempt to rape.
Dominique Strauss-Kahn

Strauss-Kahn Case Unravels as Questions Are Posed About Accuser

Investigators in the Manhattan District Attorney’s office have discovered significant inconsistencies with the account of the chambermaid who claimed Dominique Strauss-Kahn, the former head of the International Monetary Fund, sexually assaulted her in a luxury hotel room in May, sources said Thursday.
Former IMF chief Dominique Strauss-Kahn listens to his lawyer, William Taylor, inside of a New York State Supreme Courthouse during a bail hearing in New York May 19, 2011. Kahn was granted bail by a New York judge on Thursday, and the former IMF chief ha

Case Against Strauss-Kahn May Be Unraveling: Report

Former International Monetary Fund chief Dominique Strauss-Kahn may be freed on bail six weeks after being arrested on charges of sexual assault, the New York Times reported Thursday evening.
A riot policeman clashes with a demonstrator during a protest in Athens' Syntagma square

Greece: Now Comes The Hard Part

While the passage of the bill gives Greece some breathing room, lowers the risks of an immediate default and will keep the country afloat, the actual implementation of the budget may be very difficult -- if not impossible.
Abdul Qadir Fitrat

Afghan bank chief resigns, flees Kabul

Without telling his government, the head of Afghanistan's central bank has left the country and taken up residence in the US.
Greece's Prime Minister George Papandreou delivers a speech during a news conference in Thessaloniki

Papandreou Wins Vote of Confidence

The Greek parliament has voted favorably on a motion of confidence for the government of George Papandreou, Reuters reports.
Prime Minister Papandreou

Rollover of Greek Debt Would Constitute “Default”: Fitch

Fitch Ratings agency has warned any voluntary rollover by commercial lenders of Greece’s debt would be regarded as a “default,” putting even more pressure on Euro Zone ministers and Greek Prime Minister George Papandreou, who is facing a crucial vote of confidence.
Netflix Raising Prices

Netflix Site Down, Hackers To Blame?

If one thought to watch a movie online on Father's Day or just to spend Sunday time on Netflix, they were in for a surprise.
Sega Hacked: 1.3 Million Users’ Information Compromised

Market slams Sega after data breach

Shares in Japanese game developer Sega Sammy Holdings Inc fell on Monday after news leaked that hackers breached the company's networks and stole information from 1.3 million customers.
U.S. Department of Homeland Security (DHS) employees work on the Industrial Control Systems Cyber Emergency Response Team (ICS-CERT) operational watch floor at the Idaho National Laboratory in Idaho Falls, Idaho

US Govt launches pilot cyber defense program with ISPs, defense firms

Faced with a growing threat from hacking and other cyber crimes, the U.S. Department of Defense (DOD) and Department of Homeland Security (DHS) have joined hands with leading ISPs and private defense contractors to launch a pilot program called DIB Cyber Pilot that will help strengthen their network defenses.
Sega Pass Network hacked, LulzSec defends to spark hacker war

Over 1M at risk in Sega hacking

Sega issued a warning saying that it had been infiltrated by cyber criminals and personal information on over 1 million customers was compromised.

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