Tag Archive | "managing director"

IMF Chief Feared to Commit Suicide in NYC Jail


Dominique Strauss-Kahn, chief of IMF, is feared to be contemplating suicide after the pressure for him to resign from his office grows and the hotel maid he allegedly raped said that she did not have any idea who he was when she reported him. Strauss-Kahn is now under suicide watch said the police on Tuesday.

Jail officials made it clear that Strauss-Kahn has not attempted suicide or harm himself in any possible way. However, they are still keeping an eye on him in case the pressure gets the better of him and tries to kill himself.

On the other hand, information regarding the complainant has started to surface. She is an immigrant from Guinea, a West African nation. She is 32 years old and has a 15-year old daughter.

Her lawyer, Jeffrey Shapiro, holds firm that what happened between his client and Strauss-Kahn was in no way consensual and it was clear that the defendant sexually abused a young woman. He further said that the complainant insists that she has no idea who Strauss-Kahn was until a couple of days after she filed the complaint.

62-year old Strauss-Kahn, the International Monetary Fund’s managing director, was arrested on Saturday after a complaint was filed against him. He is now being held in the Riker’s island jail without bail. He is in a unit separate from other prisoners; a cell usually reserved for inmates with contagious diseases.

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Several Shoppers Spend on Black Friday Bringing Bargain-Binging Mood Back


Shoppers have apparently brought back their bargain-binging mood on a Black Friday while they scoop up everything from computer laptops to TVs, toys and many other deals at stores. This turns out to be a good way to uplift economic recovery.

Today, shoppers were buying more for themselves and were less attentive on price as opposed to the past two Black Friday seasons. However, shoppers said discounts were not as big as they were in the past.

Apart from that, many teenagers also went out to shop, which is a good sign for the holiday season according to retail executives and analysts since consumer expenses account for more than half of the U.S economy.

This season can be considered as one of the biggest Black Fridays they have ever seen according to David Bassuk, the managing director of a consulting firm AlixPartners, while quoting store promotions and strong advertising campaigns.

While retailers expect a prosperous holiday season this year, it seems that giving out less generous deals might help them evade huge discounts and keep up with their margins.

Analyst Brian Sozzi said that prices are discounted within a range of 25 to 40 percent this year in comparison to 30 to 50 percent last year.

However, young people are now shopping for higher priced items, which means that shoppers are more willing to use their income rather than saving it. This is based from Jharonne Martis-Olivo’s statement, the director of consumer research at Thomson Reuters.

Black Friday is the term coined by retailers that refer to the time of the year when they turn their business into profit, or “in the black.” This year, retailers aim to keep their sales at a momentum that has moderately picked up while the economy recovers.

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