New global meltdown fear as 56 billion US cuts kick in

New global meltdown fear as 56 billion US cuts kick in Multi-billion-dollar spending cuts will particularly hit the US military Pentagon will absorb half of the cost of cuts required before SeptemberInternational Monetary Fund warns the measures could spark a new global economic crisis By Sharon Churcher PUBLISHED: 01:47 GMT, 3 March 2013 | UPDATED: 01:47 GMT, 3 March 2013 Barack Obama yesterday set in motion a multi-billion-dollar spending cuts programme that will particularly hit the US military after failing to reach a compromise with his Republican opponents. The cuts – described by the US President as ‘dumb’ – are designed to whittle away America’s $16.6 trillion debt. However, the International Monetary Fund has warned the measures could spark a new global economic crisis

Dominic Strauss-Khan STILL faces trial for pimping as court rejects bid to drop sex inquiry

Dominic Strauss-Khan STILL faces trial for pimping as court rejects bid to drop sex inquirySays he went to 'sex parties' but added he didn't know women were call girlsCalls allegations 'unhealthy, sensationalist and not without a political agenda' Strauss-Kahn agreed to pay 4m in legal dispute with 'raped' chamber maid | UPDATED: 15:25 GMT, 19 December 2012 Dominique Strauss-Kahn will have to face pimping charges after a court rejected his case Dominique Strauss-Kahn has failed in an attempt to have pimping charges against him dropped. Lawyers for the former International Monetary Fund chief had told a court in Douai, northern France, that the 63-year-old was innocent of any sexual misconduct in the so-called ‘Carlton Affair’. It allegedly involved prostitutes being hired through the Carlton Hotel in Lille and being sent to attend orgies around the world with VIP guests

Fury at Facebook online casinos: Social network is "tempting young to gamble" with new betting games

Fury at Facebook online casinos: Social network is 'tempting young to gamble' with new betting gamesCritics say the deal with gaming group 888 will create 'tomorrow's generation of problem gamblers'Users will be able to place bets of up to 500 on Las Vegas-style slot machines Experts warn the deal could cause 'the floodgates to open' as more gaming companies utilise social network sites | UPDATED: 23:16 GMT, 12 December 2012 Facebook has been accused of creating ‘tomorrow’s generation of problem gamblers’ by rolling out real money casino games. Under a lucrative deal with online gaming company 888, the social networking giant will offer Las Vegas-style slot machines and games such as roulette and blackjack

Dominique Strauss-Kahn "pays off maid in sex assault case… with a 2m loan from his estranged wife"

Dominique Strauss-Kahn 'pays off maid in sex assault case… with a 2m loan from his estranged wife' The agreement brokered by lawyers for the 63-year-old former head of the International Monetary Fund will mark the end of a sordid sagaNafissatou Diallo, will 33, sign a legal agreement dropping a civil law suit against Strauss-Kahn, once tipped as a future French presidentMay 2011 sex assault scandal cost Strauss-Kahn his job, his political career and his marriage | UPDATED: 00:39 GMT, 1 December 2012 Dominique Strauss-Kahn is to get a loan of almost 2million from his estranged wife to help pay off the New York hotel maid he was accused of sexually assualting. An out-of-court deal has reportedly been agreed between the former head of the International Monetary Fund and Nafissatou Diallo, 33

Sharp as a tack and by god hell need to be

Sharp as a tack – and by god he’ll need to be | UPDATED: 00:02 GMT, 27 November 2012 The process of appointing the next governor of the Bank of England was proclaimed as the most open and transparent ever – it was even the first time the post had been advertised. But when it came to choosing the person to do the most important non-elected job in Britain – keeping the economic and financial system honest and stable – Downing Street was leaving nothing to chance