Strauss-Kahn and the End of Bailouts
The take down of Dominique Strauss-Kahn from the chief of the IMF has ushered in a period of incredible political change, beginning with the halting of an international bailout process that had begun to set off a hyperinflationary bomb world wide. But the question is, what changes will follow?

Dominique Strauss-Kahn Resigns as Head of International Monetary Fund
THE DAILY TELEGRAPH: Dominique Strauss-Kahn has resigned as head of the International Monetary Fund, four days after being charged with the sexual attack of a Manhattan hotel chambermaid.

In a statement released by the Fund in the early hours of Thursday morning, Mr Strauss-Kahn said he needed to "devote all my strength, all my time, and all my energy to proving my innocence".

The 62-year-old Frenchman has been under intense pressure since being arrested in the First Class cabin of on an Air France jet on the tarmac of John F. Kennedy airport on Saturday afternoon.

He is being held at Rikers Island prison after being formally charged with seven crimes related to the alleged assault of a 32-year-old Guinean maid in his suite at the Sofitel earlier that day, including attempted rape and an illegal sexual act. » | Jon Swaine, New York | Thursday, May 19, 2011