IMF chief and Pranab discusses eurozone crisis

 International Monetary Fund (IMF) Managing Director Christine Lagarde on Monday had a meeting with Finance Minister Pranab Mukherjee and discussed the global economic environment, particularly in the wake of the continuing eurozone debt crisis and the role that emerging economies need to play in the changing world.

Talking to the media after her meeting with Mr. Mukherjee here, Ms. Lagarde said: “We particularly discussed the euro area situation and we also discussed the role of IMF and importance that emerging market economies have to play within [the] organisation.” There were also elaborate discussions on the general economic situation, she said.

After her China visit, the IMF chief's two-day visit to India has come at a time when the sovereign debt turmoil in Europe has led to a fragile economic recovery in the globalised world and has impacted the emerging economies also in a significant way although most of them have performed better than the developed world.

McLaren's Button wins Australian GP

 

McLaren’s Jenson Button won the season's first, Australian Grand Prix on Sunday, beating Sebastian Vettel of Red Bull into second place.

World champion Vettel prevented the McLaren team from starting the season with a one—two as he finished between Button and the Briton’s team—mate Lewis Hamilton, who started from pole.

Occupy Wall Street calls for a general strike on May 1

 

Occupy Wall Street activists on Monday called for supporters to skip work on May 1 to protest against alleged police brutality during 73 arrests in New York during the weekend. 

Occupy organizers across the country have been mobilizing for months toward a one—day general strike in May.

They’re encouraging people to stay out of work and school, and to refrain from spending money. In New York, a coalition of unions and worker justice groups are planning a solidarity march through the city.

What is Occupy Wall Street?

Occupy Wall Street (OWS) is a protest movement that began September 17, 2011 in Zuccotti Park, located in New York City'sWall Street financial district. OWS was initiated by the Canadian activist group Adbusters and has led to Occupy protests and movements around the world. The OWS protests are against social and economic inequality, greed, corruption and the undueinfluence of corporations on government—particularly from the financial services sector. Their slogan, We are the 99%, addresses the growing income inequality and wealth distribution in the U.S. between the wealthiest 1% and the rest of the population. To effect change OWS engages in "direct action" instead of petitioning authorities. 

Causes	Wealth inequality, Corporate influence of government, Populism, (in support of)Social Democracy
Characteristics	Non violent protest Civil disobedience Occupation Picketing Demonstrations Internet activism

To know more:  Wikipedia

                          http://occupywallst.org/