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Posts Tagged ‘Dominique Strauss-Kahn’

10th June 2011

It recently came to this blogger’s attention that reports have come out regarding the possibility of Secretary of State Hillary Clinton heading the World Bank. To quote directly from the official website of The Telegraph, Telegraph.co.uk:

Hillary Clinton, President Barack Obama’s Secretary of State, has been in discussions with the White House about stepping down from her foreign policy job next year to becoming head of the World Bank, it has been reported. Mrs Clinton, the former First Lady, Senator for New York and rival to Mr Obama in the 2008 Democratic primary race, is said to be eager to become the first female president of the World Bank should the post become vacant next year.”Hillary Clinton wants the job,” a source close to Mrs Clinton told Reuters, which broke the news of the possible move.

The administration of this blog encourages readers to click upon the hyperlinks above to learn more.

Issues associated with international banking have been making headlines in recent weeks. Such reports became more acute following the arrest of the former head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, in the sovereign State of New York on sexual assault charges. Readers are asked to keep in mind that Mr. Strauss-Kahn has not been convicted of any crime as of the time of this writing and therefore, in the eyes of American law, he is innocent until proven guilty.

Readers may note that leadership of the international banking community made news in the context of the Association of Southeast Asian Nations (ASEAN) after calls were made to consider an Asian candidate for the top IMF posting. Officials in China also have been reported to have made statements regarding the position of IMF head. It remains to be seen just how these issues will ultimately play out and who shall eventually be at the helm of international banking, but for observers of global relations, economics, finance, and politics this is certainly a very interesting time.

In rather unrelated news (but pertinent to this blogger), it was recently reported that the Great State of Kansas has experienced a very uncommon weather phenomenon. For further elucidation it may be best to quote directly from the official website  of KSN News, KSN.com:

WICHITA, Kansas — Last night Wichita experienced a very rare weather phenomenon known as a “Heat Burst.” At 12:22 a.m. the temperature at Wichita’s Mid-Continent Airport was 85 degrees. At 12:44 the temperature spiked to 102 degrees. This was a 17 degree increase in only 20 minutes. Winds also gusted between 50 and 60 MPH. The heat burst winds and temperatures rapidly dissipated as they spread across Sedgwick and Southern Butler Counties…

The administration of this web log strongly encourages readers to click upon the relevant hyperlinks noted above to read more from this insightful report.

Kansas is often the scene of incredible meteorological phenomenon, but an increase of 17 degrees in a time span of 20 minutes is tremendous by anyone’s estimation. Hopefully, such developments will not have an adverse impact upon the people, agriculture, and ecology of that jurisdiction.

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28th May 2011

It recently came to this blogger’s attention that there appears to be some further international competition occurring within discussions in the context of the recently vacated IMF Managing Directorship. To quote directly from a very insightful article appearing on the website rediff.com:

The scramble for International Monetary Fund managing director’s chair has escalated into a war of sorts with developing nations calling for a change in the power equation. Most of the developing nations seek an end to European dominance over the IMF’s top job. Prime Minister Manmohan Singh on Wednesday said the developing countries should be together in the attempt to reform the global financial institutions.

The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read this story in full in order to gain further insight into the developing nature of this situation.

It is interesting to note that this posting brings up the apparently increasing international intrigue which seems to exist as the jockeying for the position of IMF Managing Director appears to continue unabated. The aforementioned post was recently vacated upon the arrest of former Managing Director Dominique Strauss-Kahn in New York City. Mr. Kahn has yet to be proven guilty of a crime to the best of this blogger’s knowledge and therefore remains innocent until proven guilty pursuant to United States law. Relevant to that news the Secretary-General of the Association of Southeast Asian Nations (ASEAN) raised the issue of broader international representation within the IMF in favor of developing nations with specific emphasis upon an Asian context. This announcement occurred virtually simultaneously (in a relative context) with a joint statement from the so-called BRICS nations. To quote further from Rediff.com:

Although some European nations have declared their support for French Finance Minister Christine Lagarde, the BRICS nations — Brazil, Russia, India, China and South Africa — have issued a joint statement in Washington questioning the methodology of selection of IMF chief on the basis of nationality.

Although the BRICS have something relevant to say on that issue, certainly as relevant as the opinions held by the member nations of ASEAN, it is interesting to note that there appears to be some speculation regarding the efforts of China to secure some sort of position for a Chinese national within the International Monetary Fund. To quote further directly from Rediff.com

BRICS said it is time to ‘abandon the obsolete unwritten convention that requires that the head of the IMF be necessarily from Europe’. Meanwhile, unconfirmed news reports said that the European Union has offered the post of the deputy managing director of the IMF to a Chinese candidate in exchange for its support to Christine Lagarde.

Again, this blogger encourages readers to click upon the relevant hyperlinks above to learn more.

This blogger was somewhat amused upon reading the paragraph noted above as the scene is placed in perspective as the angling for positions at the IMF can be seen to have the same political dynamics that may develop when seeking positions in other official capacities, in both a national and international context, as competition for such positions can be as political as the competition in the United States of America for an office in the public service at both the federal and State levels. It would seem that under the circumstances there must be someone whom all of these various factions can agree upon, but by all appearances a consensus is far from reached. An inability to find someone to fill the void could theoretically require further discussion.

In political matters of a more national complexion for American readers it recently came to this blogger’s attention that headway might be made in the struggle for equal LGBT rights. To quote directly from a very inspirational posting by the administration of the UnitingAmericanFamilies.Net website:

Immigration Equality reports that a hearing on UAFA before the Senate Judiciary Committee has been scheduled for June 3. I just have to believe that every phone call, every letter, every blog entry has got to have contributed to this. But this is just a hearing – not a vote, and then, even if it gets voted out of committee in the Senate, the same will have to happen on the House side, and then there will have to be votes by the full House and Senate (IF there are enough votes in the Senate to stop a Republican filibuster). So don’t for a second think that our work is done! Call your two senators and your one Congressperson. Tell your story…

The administration of this blog strongly recommends that readers check out the hyperlinks noted above as well as the overall website as it has a great deal of very pertinent information regarding the Uniting American Families Act, previously introduced into the United States House of Representatives by Representative Jerrold Nadler. There is an especially intriguing article regarding the difference between passage of the Uniting American Families Act (UAFA) and the repeal or overturning of the so-called “Defense of Marriage Act” (DOMA), which this blogger finds repugnant to the Constitution on the grounds that it unnecessarily usurps the Several States’ sovereign power to license marriage within their jurisdiction, but it would appear that some feel the more modest measure of UAFA enactment would be a more effective remedy for this particular discrimination suffered by the American LGBT community, in both a bi-national and national context, at the hands of an overreaching federal government in a pique over the fact that they are not legally entitled to dictate to the several States what shall constitute a valid marriage. Six States, notwithstanding the District of Columbia, have already permitted such unions which in this blogger’s humble opinion, should be accorded Full Faith and Credit pursuant to the Full Faith and Credit Clause of the United States Constitution.

Bearing all of the above in mind, those interested in seeing the Uniting American Families Act, or any act like it; become law, are well advised to contact relevant federal representatives as any equitable relief to same sex bi-national couples currently separated by legislation such as DOMA would be better than the current legal situation in which they are now placed. Due to the currently applicable provisions of the so-called “Defense of Marriage Act” same sex bi-national married couples (even those who have a had a marriage solemnized and/or legalized by a sovereign American State) are not permitted to apply for the same United States immigration benefits as their different-sex counterparts. Passage and ultimate enactment of UAFA would at least permit same sex bi-national couples to petition and apply for substantially the same immigration benefits routinely accorded to different-sex couples.

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15th May 2011

It recently came to this blogger’s attention that the head of the International Monetary Fund has been arrested in the American city of New York. To quote directly from the official website of the New York Post, nypost.com:

The French political bigshot who heads the International Monetary Fund was arrested for allegedly sodomizing a Manhattan hotel maid yesterday — hauled off an Air France flight just moments before takeoff from Kennedy Airport, police sources said. Three Port Authority detectives pulled Dominique Strauss-Kahn from the plane’s first-class cabin just two minutes before it was due to depart for Paris, according to the police sources…

Hyperbole aside, this is a truly interesting case as it would appear that the charges are indeed quite grave at least according to this report which continues:

Strauss-Kahn is awaiting arraignment on charges of a criminal sex act, attempted rape and unlawful imprisonment, NYPD spokesman Paul Browne said. The trouble began at around 1 p.m. yesterday when a 32-year-old housekeeper entered Strauss-Kahn’s $3,000-a-night suite at the luxury Sofitel on West 44th Street — apparently unaware he was still inside…

The administration of this web log asks readers to click upon the hyperlinks noted above to learn more on what appears to be a quickly unfolding story. To gain further perspective further research may be required. Those reading this blog are asked to remember that in the United States a prospective defendant is viewed in the eyes of the law as innocent until proven guilty.

Meanwhile, this news comes at a time when the Southeast Asian Nation of Singapore sees the resignation of a much respected Minister. To quote directly from the official website of the BBC:

Singapore founding father Lee Kuan Yew has resigned from the country’s cabinet, ceding leadership to his son, Prime Minister Lee Hsien Loong. The move comes after their party’s worst election result since 1965. Lee Kuan Yew and fellow former prime minister Goh Chok Tong said in a joint resignation statement that the “time has come for a younger generation”. The 87-year old Mr Lee was prime minister from 1959 to 1990, after which Mr Goh took over until 2004…

The administration of this web log strongly encourages readers to click on the hyperlinks noted above to learn more about this situation. Although Lee Kuan Yew is stepping down at a time when his party is facing a slump he is also able to look back at a career of achievement with respect to Singapore’s economic position relative to the rest of the world. It can certainly be said that, in many ways, he is leaving the country in a better economic position relative to the position it was in when he took office.

As events which impact an international institution such as the International Monetary Fund can have a collateral impact upon nations comprising the Association of Southeast Asian Nations (ASEAN) and while Singapore’s political complexion can have an effect upon politics in the region of Southeast Asia it stands to reason that both of these events occurring virtually simultaneously will have a substantial “ripple effect” across the economies of the jurisdictions which make up ASEAN.

Readers of this blog are encouraged to keep abreast of these developments, especially those Americans Resident Abroad as these events could have implications for the future of the whole continent of Asia. As an American Resident Abroad in the Kingdom of Thailand this blogger feels that it is highly likely that these recent events, no matter how they eventually play out, are likely to have critical implications for American Citizens conducting business abroad in the future.

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