IMF chief Christine Lagarde goes on trial in France on Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career.
Lagarde denies the charges of negligence, arguing she was acting “in the state’s interest” in making the payment to Bernard Tapie, the former owner of sportswear giant Adidas and Olympique Marseille football club.
A 10-day losing streak for the euro against the U.S. dollar is rekindling an old debate: Will the single currency reach parity with the dollar?
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Time For Truth: (Wall Street Journal) – Euro, Dollar Flirt With Parity
The European Central Bank is becoming dangerously over-extended and the whole euro project is unworkable in its current form, the founding architect of the monetary union has warned.
“One day, the house of cards will collapse,” said Professor Otmar Issing, the ECB’s first chief economist and a towering figure in the construction of the single currency.
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Time For Truth: (The Telegraph) – Euro 'house of cards' to collapse, warns ECB prophet
Law authorities have warned they believe criminals are using Android phones to trigger fraudulent tap-and-go payments.
The alert comes in Europol’s annual Internet Organised Crime Threat Assessment report.
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Time For Truth: (BBC News) – Europol warns of Android tap-and-go thefts
Until recently, you didn’t hear people being referred to as “globalist” very often. But in a time of rising nationalism, those who see the upside of globalism have become a distinct — and often embattled — tribe.
Last week, the globalists had a big family reunion in New York. The gathering was focused on the United Nations General Assembly, but a growing array of side conferences and summits and dinners also attracted concerned internationalists of every stripe: humanitarians, leaders of nongovernmental organizations, donors, investors, app peddlers, celebrities.
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Time For Truth: (The New York Times) – Besieged Globalists Ponder What Went Wrong