1. Lagarde to Become Managing Director and Chairman of the IMF
... , is set to begin her five-year term as the International Monetary Fund's managing director and chairman next month after defeating Mexican Central Bank chief Agustin Carstens. Lagarde was backed by the United Kingdom, Germany, and most European powers, as well as some Asian and African nations. The United States Treasury Secretary Tim Geithner joined the group of supporters right before ... Strauss-Kahn, who was recently arrested in New York for sexual assault. Lagarde is the first woman to hold this position and was selected by a consensus vote (Rooney), "I am deeply honored have the t...
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