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.

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Tens of thousands of Brazilians have joined street protests against a vote which they say threatens to undermine a major anti-corruption investigation.

The biggest marches have taken place in Sao Paulo’s business district and along Rio de Janeiro’s Copacabana beach.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – Brazil: Thousands marches against 'watered down anti-corruption bill'

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Russia is deploying short-range ballistic missiles to its western European enclave, it emerged yesterday as President Putin threatened “counter-measures” against Nato expansion.

A senior Russian MP said that Moscow would permanently station the nuclear-capable missiles in Kaliningrad, a region between the Nato states of Poland and Lithuania, in retaliation for a military build-up by the alliance in eastern Europe.

Read the Full Article: Source – The Times
Time For Truth: (The Times) – Putin moves his missiles in new threat to Europe

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United Auto Workers leaders huddled with Ford Motor Co. executives today after the union was caught off guard by President-elect Donald Trump’s tweet last night he helped prevent another Ford model from going to Mexico.

While the union is pleased Ford has now committed to continue building the Lincoln MKC small sport utility vehicle at a Kentucky factory, Trump’s tweets had suggested that the entire Louisville Assembly Plant’s output was under threat of moving to Mexico. The MKC is built on the same assembly line as the Ford Escape, which outsells the Lincoln version by 12-to-1. More than 5,000 employees are working nearly around the clock on three crews to meet demand for the two SUVs, said Todd Dunn, president of UAW Local 862 in Louisville.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Blindsided by Trump Tweet, UAW Meets With Ford on SUV Plan

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Research has documented that central banks around the world have been better able to control inflation if they enjoy independence from elected officials. The election of Donald Trump seems like a good time to remind ourselves that, historically, the executive branch has presented the greatest threat to the independence of the U.S. Federal Reserve.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – How Trump Could Spell Trouble for the Fed

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