World’s Top Financier on Trial: Conviction for Lagarde Would Jeopardize IMF Role

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This week saw the start of a weeklong trial against International Monetary Fund Managing Director Christine Lagarde. The influential financer appeared in the docket of a Paris court on Monday. A special tribunal has been charged with determining if she is guilty of fraud in a case dating back to her time as French Finance Minister. The case involves Lagarde’s role in the fraudulent payout of a cool €405 million by the French state to unsavory businessman Bernard Tapie in 2008. Tapie, who had backed then-President Francois Sarkozy’s election campaign, was awarded the payout under Lagarde’s watch as finance minister after claiming to have been defrauded by a state-owned bank Credit Lyonnais in the 1990s into selling his stake in sports equipment company Adidas.

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Morrison’s diplomatic gaffe mortgages Australia’s economic future

Australia has not done much well in the Pacific (excluding Papua New Guinea’s independence and the RAMSI force in the Solomon Islands) since the Second World War. It’s about time. But recent history has not been without a gaffe.