Politicians claim case is ‘hurting institution’, as New York chambermaid’s brother tells of her floods of tears Pressure is building on Dominique Strauss-Kahn to resign as head of the International Monetary Fund, with the US treasury chief and European finance ministers questioning if he can carry on in the light of his arrest. In a speech in New York on Tuesday, Tim Geithner, the US treasury secretary, said Strauss-Khan was “obviously not in a position to run the IMF”. He said: “I think it’s important that the board of the IMF formally put in place for an interim period somebody to act as managing director.” Geithner’s comments came after Austria’s finance minister, Maria Fekter, and others, said Strauss-Kahn was damaging the IMF: “Considering the situation, that bail was denied, he has to figure out for himself, that he is hurting the institution,” she told journalists at a meeting of European finance ministers in Brussels. Strauss-Kahn is being held in isolation at the notorious Rikers Island in New York, having been refused bail after denying charges of a sexual assault on a 32-year-old chambermaid. His lawyers are expected to reapply for bail on Friday; one New York tabloid reported they might be preparing to argue sexual contact was consensual. A grand jury is meeting in private to decide whether evidence is strong enough for a case to proceed over the alleged attack in a luxury Manhattan hotel suite. Jurors will announce their decision on Friday. Fekter’s Spanish counterpart, Elana Salgado, also put pressure on the IMF boss. She said the alleged crimes were “extraordinarily serious” and Strauss-Kahn needed to decide for himself if he should step down. “If I had to show my solidarity and support for someone, it would be toward the woman who has been assaulted, if that is really the case that she has been,” she said. IMF officials are also reportedly keen for Strauss-Khan to step down. Officials at the institution said they could not comment and said they had not spoken to Strauss-Kahn since his arrest. Other European officials were more supportive. “I’m very sad and upset. And he’s a good friend of mine,” the Luxembourg prime minister, Jean-Claude Juncker, said. “I didn’t like the pictures I’ve seen on television,” he added of footage showing Strauss-Kahn in handcuffs escorted by police. Strauss-Kahn, who had been tipped to win the French presidency as the Socialist candidate next year, is accused of sexually assaulting and attempting to rape a maid at the Sofitel hotel last Saturday. He was detained by police hours later as he sat in the first class cabin of an Air France flight about to take off for Paris. He had been due to host meetings about Europe’s debt crisis. The New York Post reported that his lawyer, Benjamin Brafman, might be preparing to argue sexual contact was consensual. It quoted a source close to the defence: “There may well have been consent.” Brafman told the court on Monday that forensic evidence taken by police from his client over the weekend “will not be consistent with a forcible encounter”. The brother of the alleged victim, who has not been named, told the Daily Mail his sister called him an hour after the incident and said: “Somebody has done something really bad to me.” She was crying uncontrollably, he said, claiming she told him Strauss-Kahn twice tried to force himself on her. Lawyer Jeffrey Shapiro, representing the maid, said she was from Guinea in west Africa and has a 15-year-old daughter; he said she had no agenda, had no idea who Strauss-Kahn was, felt “alone in the world” and was now in hiding. The allegations have shocked France. In a CSA poll, 57% of voters and 70% of Socialists said they thought Strauss-Kahn was the victim of a plot. The philosopher Bernard-Henri Levy said Strauss-Kahn had been his friend for 20 years and would remain so: “Charming, seductive, yes, certainly; a friend to women and, first of all, to his own woman, naturally; but this brutal and violent individual, this wild animal, this primate? Obviously no, it’s absurd.” Le Monde reported that Strauss-Kahn’s wife, Anne Sinclair, had got a call from her husband as he was travelling to the airport. He mentioned a “serious problem” but made no allusion to a hotel attack. Strauss-Kahn’s former wife, Brigitte Guillemette, defended him in an interview with Le Parisien. He is believed to have to met their daughter Camille after the alleged attack. Guillemette said it was “unthinkable” he could do what he was accused of and then lunch with his daughter minutes later. “He’s someone who is gentle. Violence is not part of his temperament,” she said. French writer Tristane Banon is considering filing a police complaint for attempted rape against Strauss-Kahn over an alleged attack in 2002. New York mayor Mike Bloomberg defended the police decision to parade the handcuffed IMF boss before the media in a so-called “perp walk”, a move that has caused outrage in France, where former French culture minister Jack Lang described it as a “lynching”. Bloomberg told reporters: “I think it is humiliating, but if you don’t want to do the perp walk, don’t do the crime. I don’t have a lot of sympathy for that. Our judicial system works where the public can see the alleged perpetrators.” The case has rocked the financial world as the IMF grapples with the European debt crisis; it led the bailouts of Greece, Portugal and Ireland, and Strauss-Kahn has been one of the bailout packages’ greatest supporters. After his arrest, the IMF’s second-in-command, John Lipsky, was named acting managing director. Among those being mentioned as possible successors are Gordon Brown, French finance minister Christine Lagarde, Kemal Dervis, a Turkish former finance minister now at the US Brookings Institution, and Mohammad El-Erian, an Egyptian award-winning author who heads the Pimco bond fund. China’s top official at the IMF, Zhu Min, is also a potential deputy managing director. France’s Socialist party met for emergency talks about its forthcoming primary race for a candidate to run against Nicolas Sarkozy next year, with Strauss-Kahn out of the picture. “There was emotion, of course, and the shock we all feel, but it is our responsibility to be up to the task,” said party leader Martine Aubry. Dominique Strauss-Kahn IMF Economics Global economy United States France Europe Dominic Rushe Angelique Chrisafis guardian.co.uk
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Continue reading …Class of 2011 make record number of job applications, survey finds, but finalists snub public sector It’s as if the credit crunch never happened. Amid rumours of £50,000-a-year starting salaries, investment banks are back on campus this year and once again the top destination for student jobseekers. A survey of final-year students at 30 sought-after universities, published on Wednesday, finds that among those already looking for jobs, investment banking is the most popular choice – with 8.5% applying. The revival of interest in banking – after a sharp dip during the last two years’ recruiting seasons – appears to have influenced students’ views on pay. The class of 2011′s expectations for starting salaries have risen to an average of £22,600, the first increase for three years. Finalists at the London School of Economics, Imperial College London, Cambridge, Oxford, Warwick and University College London have the highest hopes on pay, anticipating earning at least £25,000 a year on graduation. After five years in work, graduates expect to be earning an average of £39,900, and a sixth of this year’s leavers believe their salary will be £100,000 or more by the age of 30. The burden of debt is also heavier, according to the surveyby High Fliers Research. Predicted student debt has risen by 4% to average £18,700, £800 more than 2010. Martin Birchall, managing director of the market research company, said: “During 2008-09, applications for investment banking fell by a third. When we spoke to people in March, more people had applied for banking than any other sector. “At least three banks are rumoured to be paying £50,000 starting salaries, and that’s before any bonuses. All of the banks were back on campus with a vengeance in the last 12 months, promoting themselves very hard. Most of the best-known City names are recruiting at 2006-07 levels.” While investment banking is the most popular sector among early applicants, media, teaching and marketing are expected to emerge as the most popular sectors when students who defer applying until finishing their exams begin sending out their CVs. The survey finds that finalists began job hunting earlier and made a third more applications than last year, taking the total to an all-time high of 343,000 in March, compared with 257,000 last year. The results, based on face-to-face interviews with nearly 18,000 finalists, show 37% made early job applications, applying to employers at the beginning of their final year. This compares with 31% who applied early in 2009. Fewer students have applied for graduate positions in the police and the armed forces, while the number keen to work for the government or elsewhere in the public sector has dropped by a fifth. The exception is the NHS, which is attracting greater interest this year. The proportion of finalists expecting to enter the graduate job market this year has increased, with 40% saying they will either start a graduate job or look for work after university, compared with 36% in 2010 and 2009. A further 25% are planning to pursue postgraduate studies, 8% to take temporary or voluntary work, 13% to take time off or go travelling, while 14% of finalists are undecided. Students at four London colleges including Imperial and LSE, Bath, Loughborough, Aston, and Sheffield universities expected to have the largest debts in 2011, averaging between £20,000 and £30,000 on graduation. The lowest predicted student debts were at Strathclyde and Glasgow, where many undergraduates live at home. Scottish students, and EU students in Scotland, do not have to pay tuition fees. High Fliers Research noted that increasing numbers of employers – particularly in banking, consulting and engineering – frustrated by the relatively small number of British students able to speak foreign languages, are turning to European universities to recruit graduates who can offer languages in addition to other academic achievements. The universities minister David Willetts said: “I am pleased to see indications of increasing confidence in the graduate employment market … Graduates are rising to the challenge of a difficult market with a record number making early job applications. A degree remains a good investment and is one of the best pathways to achieving a good job and rewarding career. “Improving information for prospective students about what they can expect at university and from their degrees is a key part of our future plans for higher education. It is also important for students to develop the wider skills that are valued by employers, and to think about boosting these skills while they study.” Students Higher education Graduate careers Job hunting Work & careers Banking Jeevan Vasagar guardian.co.uk
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