French finance minister throws in her hat after ‘mature reflection’, and is backed by the UK, Germany, France and the EU The French finance minister, Christine Lagarde, has launched her bid to become the next head of the International Monetary Fund following the resignation of Dominique Strauss-Kahn, who is facing charges of sexual assault. If she is successful she will become the first woman to head the organisation, known as “the world’s banker”, since its inception in 1945. Lagarde, who has the backing of Britain, Germany, France and the European Union, said she came to the decision to throw her hat in the ring to become the IMF’s new managing director after “mature reflection” and having consulted with the French president, Nicolas Sarkozy. “If I’m elected I’ll bring all my expertise as a lawyer, a minister, a manager and a woman [to the job],” she said at a press conference in Paris on Wednesday. Although Lagarde has emerged as a front-runner for the influential post, which has historically been held by a European, IMF directors from Brazil, Russia, India, China and South Africa (Brics) said the unwritten convention of appointing a managing director from Europe was “obsolete” and undermined the legitimacy of the fund. The Brics group called for a “truly transparent, merit-based and competitive process”. Lagarde is also facing a possible legal investigation into the payment of €285m of taxpayers’ money to controversial businessman Bernard Tapie, a supporter of Sarkozy, to settle a long-running legal dispute. Strauss-Kahn, 62, stood down last week after he was arrested in New York on 14 May and indicted on seven charges of sexual assault on a hotel housekeeper, including attempted rape. He denies the charges and has been released on bail. Admirers of the 55-year-old Lagarde, a former national synchronised swimming champion, have described her as a “rock star” of the financial world. She earned praise at home and abroad for her handling of the economic crisis in Europe and for her no-nonsense, straight-talking approach. Having worked as a lawyer in the US for 25 years she speaks impeccable English. She earned the nickname L’Américaine among her compatriots for suggesting the French needed to stop their “obsessive thinking”, roll up their shirtsleeves and “get to work” to pull the country out of the financial doldrums. Kenneth Rogoff, a former IMF chief economist who is now professor at Harvard University, said of her: “She is enormously impressive, politically astute and a strong personality.” He told the New York Times: “At meetings all over the world, she is treated practically like a rock star.” Sarkozy is reported to be planning to seek Barack Obama’s support for Lagarde when the leaders meet at the G8 economic summit in the French seaside town of Deauville on Thursday and Friday. America has by far the biggest say, with 16.74% of the votes, followed by Japan with 6.01%, Germany 5.87%, and the UK and France with 4.85%. Other member countries have less than 4%. On Wednesday the US treasury secretary, Timothy Geithner, said Lagarde and the Mexican candidate for the post, Agustin Carstens, were both “credible” figures to lead the IMF, but added he wanted the candidate with the broadest support. The debt crisis in European countries, including Greece, Portugal and Ireland, has made the IMF’s role overseeing the global financial system – and lending money to struggling nations – even more crucial. Lagarde said she would not focus exclusively on Europe. “No zone has been spared by the financial crisis,” she said, adding that she would “serve the fund, not as a European, not as a French person or minister, but as someone at the service of the fund and its members”. A decision on whether an inquiry will be held into the Tapie affair will be made in Paris on 10 June, but Lagarde said she had “total confidence” and would maintain her candidacy even if an investigation is launched. “I have always acted in the interests of the state and in absolute respect of the law,” she said. The IMF’s 24-member executive board, representing the 187 member countries, is expected to name a new managing director by the end of June. If appointed, Lagarde said she would also bring a woman’s touch to the male-dominated corridors of the IMF headquarters in Washington. In a recent television interview, the French minister expressed the view that men, left to themselves, will usually make a mess of things, a view she reiterated in a newspaper interview. “In gender-dominated environments, men have a tendency to show how hairy chested they are, compared with the man who’s sitting next to them … I honestly think that there should never be too much testosterone in one room.” Christine Lagarde IMF France Europe Dominique Strauss-Kahn Economics Global economy Kim Willsher guardian.co.uk
Continue reading …Draft of Washington-EU deal leaked to the Guardian shows agreement ‘violates basic European principles’ The personal data of millions of passengers who fly between the US and Europe, including credit card details, phone numbers and home addresses, may be stored by the US department of homeland security for 15 years, according to a draft agreement between Washington and Brussels leaked to the Guardian. The “restricted” draft, which emerged from negotiations between the US and EU, opens the way for passenger data provided to airlines on check-in to be analysed by US automated data-mining and profiling programmes in the name of fighting terrorism, crime and illegal migration. The Americans want to require airlines to supply passenger lists as near complete as possible 96 hours before takeoff, so names can be checked against terrorist and immigration watchlists. The agreement acknowledges that there will be occasions when people are delayed or prevented from flying because they are wrongly identified as a threat, and gives them the right to petition for judicial review in the US federal court. It also outlines procedures in the event of anticipated data losses or other unauthorised disclosure. The text includes provisions under which “sensitive personal data” – such as ethnic origin, political opinions, and details of health or sex life – can be used in exceptional circumstances where an individual’s life could be imperilled. The 15-year retention period is likely to prove highly controversial as it is three times the five years allowed for in the EU’s PNR (passenger name record) regime to cover flights into, out of and within Europe. A period of five and a half years has just been negotiated in a similar agreement with Australia. Germany and France raised concerns this week about the agreement and the unproven necessity for the measure. Britain has already announced its intention to opt in to the European PNR plan, in which the home secretary, Theresa May, played a key role, and is expected to join the US agreement this summer. The Home Office minister Damian Green has said: “The power of PNR lies in the fact that by using an automated system and interrogating it intelligently, we are able to sift data quickly and in such a way that it reveals patterns and makes links that would otherwise not be readily apparent.” The text of the draft agreement does not explicitly mention profiling but instead talks of “processing and analysing PNR data”. The US Senate passed a resolution last week saying it “simply could not accept” any watering down by European ministers of data-sharing, describing it as “an important part of our layered defences against terrorism”. Senators said it was an important tool in the security agencies’ “identifying possible threats before they arrive in our country”. But the European parliament, which would have to approve it, has demanded proof that such a PNR agreement is necessary, and said it should in no circumstances be used for data-mining or profiling. A provisional agreement on sharing airline passenger data between the EU and the US has been in force since 2007, but has been the subject of an intense civil liberties debate across Europe. This draft agreement appears to give the Americans all they have asked for. A leaked opinion from the EU council of ministers’ legal advisers also warns that the EU’s PNR scheme is disproportionate and not in line with privacy requirements under human rights law. The German constitutional court ruled last years that six months was the maximum appropriate period for retaining personal telecommunications data. The EU-US agreement tries to allay some of these privacy concerns by proposing to “mask” or “depersonalise” the identity of individuals after six months on the homeland security department’s active database. The data will be transferred to a dormant database after five years, to be held for a further 10 years. But the agreement allows for the identity of individuals to be restored at any stage by authorised officials in connection with a particular law enforcement operation. The agreement will not only cover transatlantic flights, but appears to raise the prospect that airlines will have to provide PNR details to Washington for other international flights. It also allows passenger data to be passed to agencies in countries outside the US and Europe. Jan Philip Albrecht, a German green party member of the European parliament’s civil liberties committee, said the agreement in its current form should be rejected. “The planned PNR agreement with the US violates fundamental constitutional principles of European states. Europeans should have the right to protection of their fundamental rights when cooperating with other countries like the US and Australia.” “A blanket retention of personal data for five or even more years is a huge infringement of data protection principles. The mass collection and analysis of PNR data as planned in the new agreements cannot be justified in the view of recent court judgements. “Especially the untransparent profiling practices in the US are in clear contradiction to the European parliament’s demands. In this form, the parliament has to vote the proposals down.” The data to be collected includes 19 separate items relating to each airline passenger, including their billing details, contact numbers, the names of those they are travelling with and how much baggage they have, as well their itinerary. Airlines are to be required to provide the details up to 96 hours in advance, compared with 72 hours now under the provisional arrangement. US national security Data protection United States Air transport European Union Privacy UK security and terrorism Global terrorism Terrorism policy Europe Alan Travis guardian.co.uk
Continue reading …Click here to view this media One of the reasons conservatives are so incompetent at governance is that they are so rigidly ideological that they’re congenitally incapable of responding to changing facts and realities on the ground — as we witnessed in the leadup to the Bush Economic Meltdown of 2008. They prefer clinging to their disproved and debunked oligarchical fantasies (they still adhere largely to “trickle down” economics, after all) than deal with the set of cards that the real world hands them. That’s why we’re still stuck with the Bush Tax Cuts, too. So of course, in the wake of last night’s win by Democrat Kathy Hochul in New York’s 26th District — a resounding repudiation of Paul Ryan’s Medicare plans, as well as Republican overreaching generally — the conservative punditry was out circling the wagons around their latest Randian hero. Ryan was on Joe Scarborough’s show this morning where everyone was wringing their hands over those nasty Democrats and their demagoguery, better known in the real world as Democrats’ mastery of the political facts of Medicare. It was the same story on Fox & Friends too. Now, if these people were competent in the least, they’d realize that their ideological rigidity had taken them out onto political thin ice and it was cracking away underneath them. Newt Gingrich showed a flash of this when he tried to distance himself from the Ryan plan — and then, of course, came quickly to whimpering heel. So onward they plunge. Indeed, Newt is now sturdily defending Ryan even in the wake of the NY-26 disaster. Earlier this week, Charles Krauthammer and Jonah Goldberg were on Bret Baier’s “All Star Panel” extolling Ryan’s many virtues and pleading with him to get in the race for the Republican nomination for president. Both of them thought Ryan should be drafted if he didn’t run on his own. (Jonah has penned a column to this effect, too. ) And even after this disaster, their tune will not change one iota. Because they cannot budge from the ideological corner into which they’ve painted themselves. Ryan’s Path to the Poorhouse is not just an economic and social disaster in the making for Americans, it’s one that ordinary, common-sense voters can see coming a mile away. Democrats don’t have to “demagogue” to make a clear case that it would be disastrous. Well, at least one conservative — David Frum — can see the disaster coming for the GOP, too : The political dangers in the Ryan budget could have been predicted in advance. In fact, they were predicted in advance – and widely. Yet the GOP proceeded anyway, all but four members of the House putting themselves on record in favor. Any acknowledgment of these dangers was instantly proclaimed taboo, as Newt Gingrich has painfully learned. Bill Kristol and Charles Krauthammer have enthusiastically promoted Paul Ryan as a presidential candidate. And this morning, as the reckoning arrives, the denial continues. Here’s Jonah Goldberg in a column arguing that “perhaps the only guy who can explain the GOP budget should run.” In reality, Ryan is very unlikely to accept this draft. He declined the opportunity to run for US Senate in Wisconsin, likely because he sensed he could not win a state-wide election in which his budget would be the main issue. Now we’re likely headed to the worst of all possible worlds. The GOP will run on a platform crafted to be maximally obnoxious to downscale voters. Some may hope that Tim Pawlenty’s biography may cushion the pain. Perhaps that’s right, at least as compared to Mitt Romney, who in the 2008 primaries did worst among Republicans earning less than $100,000 a year. And yes, Pawlenty is keeping his distance from the Ryan plan. But biography only takes you so far. The big issues of 2012 will be jobs and incomes in a nation still unrecovered from the catastrophe of 2008-2009. What does the GOP have to say to hard-pressed voters? Thus far the answer is: we offer Medicare cuts, Medicaid cuts, and tighter money aimed at raising the external value of the dollar. No candidate, not even if he or she is born in a log cabin, would be able to sell that message to America’s working class.
Continue reading …Amazon has been offering an incredible deal today, almost giving away Lady Gaga’s “Born This Way.” The album download is just 99 cents, and comes with an upgrade to 20 gigabytes of cloud music storage, if buyers are already subscribed to Amazon’s cloud music service. According to All Things D, the same album goes for $11.99 on iTunes, and $15.99 for the special edition. However, things seem to be too good to be true to some extent. The Wall Street Journal reports that the deal has slowed the downloads to a crawl, even cutting some users off. Many of the reviews are now negative, largely because of the inability to download the full album, according to WSJ. Amazon’s Cloud Drive, which launched back in March stirred a lot of controversy at the time, largely because it riled the music companies and seemed to be a potential threat for iTunes. However, the service doesn’t seem to have made huge waves, perhaps explaining this outrageous deal.
Continue reading …Libyan oil honcho Shokri Ghanem reportedly defected earlier this month , but Reuters now reports that he may actually be on a secret mission for Moammar Gadhafi. A Libyan opposition source and a source at a large international oil company say Ghanem is attempting to maintain Libya’s ties with big oil…
Continue reading …Just a month after shooting down engagement rumors , guess what? Kim Kardashian got engaged. The reality star tells People she was completely surprised on May 18 when she walked into her house and found boyfriend Kris Humphries kneeling and rose petals spelling out “Will you marry me?” Kardashian, 30, has…
Continue reading …While the May 23 devastation in Joplin, Mo., was horrific, tornadoes once wreaked even greater havoc on the population of the United States.
Continue reading …President Obama called for Moammar Gadhafi to step down in February . Now he and David Cameron are singing the tune in unison. Speaking at a joint news conference in London today, the two leaders restated their position: Military operations in Libya will continue until Gadhafi stops his attacks against civilians…
Continue reading …Spotify may still be in tough negotiations with record labels to bring its streaming music service to the US, but the Swedish company has managed to score a powerful stateside ally, reportedly striking a partnership with Facebook. Neither party is dropping any cash on the deal — set to be called either “Facebook Music” or “Spotify on Facebook,” according to Forbes ‘s anonymous sources — which will let members of the social network stream songs at the same time as friends and share their listening habits with those in their social circle. The service is reportedly currently in testing and could be launched in a fortnight, but its arrival in the US still hinges on those ever important label deals. In the meantime, we’ll all have to share our listening habits the old fashioned way: by posting on our friends’ walls. Spotify and Facebook partner up, send Europe a friend request? originally appeared on Engadget on Wed, 25 May 2011 16:04:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …Get your box of Kleenex and prepare for an hour of schmooze, tears and backslaps with Hadley Freeman 8.00pm: Evening all or, if you’re reading this in America, good afternoon. And if you’re reading this in Australia, good morrow! So perhaps the Rapture didn’t happen on Saturday but the end of the world will be happening this evening Well, the end of The Oprah Winfrey Show after 25 years, anyway, which is OBVIOUSLY THE SAME THING. So get your box of Kleenex or, if you are less sentimentally inclined, vomit bag and prepare for an hour of schmooze, tears and backslaps. I’ll be liveblogging from the start of the show at 9pm GMT, Kleenexes strewn across my sofa. Oprah Winfrey United States Hadley Freeman guardian.co.uk
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