Strauss-Kahn Comes Face To Face With Accuser In Paris


tristane-banonDominique Strauss-Kahn has come face to face with the woman who claims he raped her in 2003 as both took part in police questioning in Paris, reports the New York Times.

Tristane Banon, a 32-year-old writer, claims the she was attacked by Strauss-Kahn during an interview for a book she was writing eight years ago.

The joint questioning, which lasted about two hours, is part of French police proceedings used by prosecutors as a final step before deciding to press charges.

Banon made her first allegations against Strauss-Kahn in 2007, accusing the 62-year-old of wrestling with her "like a rutting chimpanzee." She filed official criminal complaints in July this year.

Banon had previously been advised not to press charges against Strauss-Kahn by her mother, a prominent member of the Socialist Party, of which Strauss-Kahn is also a member. Banon's mother, Anne Mansouret, admitted recently that she had engaged in consensual but "brutal" sex with Strauss-Kahn.

Strauss-Kahn was initially questioned by police on September 12 after he returned from America acquitted of sexual assault on hotel maid Nafissatou Diallo. Following the joint questioning of him and Banon, it will now become clear whether fresh charges will be placed upon the former IMF chief.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/YOXTVbiO98k/tristane-banon-dsk-paris-2011-9

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The Inflation Threat: Still Totally Overhyped


Some of the recent inflation data is causing consternation in some corners of the investment world.  At 3.8% headline inflation sounds rather high.  But if we study the post-war era, inflation is still low by any measure.  If we look at the data going back to 1957 we actually find that headline inflation has averaged just 4% per year.  Through the first 8 months of 2011 inflation has averaged 3% – nearly a full 1% below the historical average (latest reading was 3.8%).  If we look at core inflation, the picture looks even less alarming.  Core inflation is currently running at just 2% while the average since 1957 is 3.9%.

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Now, some people will refute this data by claiming that the government’s CPI is flawed or misleading.  But we know from the Billion Prices Project AND the ECRI’s independent inflation gauge that the government’s data is actually quite accurate.  In fact, the BPP is a near perfect reflection of the government data over the last few years while the ECRI is showing declines in inflation:

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The more important point here is that the inflation risks are now skewed to the downside following several quarters of rising prices.  Admittedly, inflation has run hotter this year than I predicted (3% vs 2.5% expectations), but as the hyperinflation meme collapses, the global economy weakens and commodity prices tumble (down 10%+ in September) we should see a return of the disinflationary trend.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/yGAiIZpA1yg/the-inflation-threat-still-totally-overhyped-2011-9

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The Right Way To Acquire A Superb Singapore Loan

Singapore can be quite a great place to get a loan. If you’ll need the cash for a home, task, business, or other purpose, obtaining a great deal on loans Singapore might help. If you are wanting to get money lender in Singapore, you are going to want to do a few things that will [...]

Source: http://www.legaldebthelponline.com/2011/09/28/the-right-way-to-acquire-a-superb-singapore-loan/

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Small Business Funding Investment Opportunities

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You should never let a lack of funding stop you from attaining your goals in business, especially if that goal is to expand your business. There are many small business funding and investment opportunities that small businesses and entrepreneurs are able to take advantage of.

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Why China Just Can't Stimulate Its Economy Like It Used To


Fears have once again turned to China, the erstwhile growth engine of the world, whose main stock market continues to grind to fresh lows of the year.

Chinese fears helped slam copper today to the tune of 7%.

If things get really bad, can China just rev up the stimulus engine like it did during the last recession?

Probably not so easily.

In a recent note, Citi's Shuang Ding summed up the problem:

Investment boom during 2008-10 pushed investment/GDP ratio to a record
high — The ratio reached 48.5% in 2010, unprecedented in recent history of China
and major world economies. It implies nearly half of GDP was invested, raising
questions about how far China can continue to invest to support growth.

Investment is becoming less efficient in boosting growth … — The marginal
product of investment has declined noticeably in the past three years during which
China implemented large-scale stimulus measures to sustain growth in the face of
global recession. The efficiency of investment was low compared with pre-crisis
period and Japan and Korea when they experienced fast economic growth. Low
efficiency is attributable to the sheer size of investment, a bias toward construction,
and state intervention in investment decisions.

 … and therefore increasingly unsustainable — The expansion of investment
projects has significantly increased government debt burden. Local government
debt doubled during 2008-10 to reach Rmb10.7tn, raising total government debt to
GDP ratio to about 45%. It becomes increasingly clear that aggregate demand
created by low-yielding investment would increase government debt and banks’
NPLs, and cannot support sustainable growth.

Meanwhile, if you haven't looked at a recent copper chart, do so.

It's not just total. All of September has been a total waterfall.

chart

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Long live socialism. Apparently it?s profitable. What do you think of this?

Question by ? ? C.J. ? ?: Long live socialism. Apparently it’s profitable. What do you think of this? Surprise: So far, TARP is a moneymaker By John Cook If you had qualms about the federal government’s decision to react to the financial crisis by taking billions of your tax dollars and handing them over [...]

Source: http://www.legaldebthelponline.com/2011/09/28/long-live-socialism-apparently-its-profitable-what-do-you-think-of-this/

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Wow! Copper Just Keeps Plunging