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Mother said Josh Powell threatened her
WASHINGTON, Feb. 26 (UPI) -- International Monetary Fund Managing Director Dominique Strauss-Kahn said Friday a new reserve currency should be explored as an alternative to the U.S. dollar.
Strauss-Kahn, answering questions after a speech at IMF headquarters in Washington, said a new reserve currency would be "intellectually healthy to explore," The New York Times reported.
The IMF chief declared the need for a "renewed vision" of the world monetary body, which was formed in the aftermath of the 1994 Bretton Woods Agreements in New Hampshire, saying the organization must find better ways to uncover financial crises before risks metastasize throughout the global financial system.
"As long as the United States maintains sound macroeconomic policies and deep, liquid, and open financial markets, the dollar will continue to be the major reserve currency," the Treasury Department said in an October 2009 report.
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TACOMA, Wash., Feb. 9 (UPI) --
The mother of Josh Powell, who killed himself and his sons in a fire in Washington state, said in divorce papers he exhibited disturbing behavior as a teenager.
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MIAMI, Feb. 9 (UPI) --
Ronnie Smith, former trumpet player for the disco/funk group K.C. and the Sunshine Band, has died in a Florida hospital, his family said.
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ABUJA, Nigeria, Feb. 9 (UPI) --
A Nigerian militant group said a claim that it wasn't responsible for an attack on an oil pipeline is propaganda from state authorities.
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XINXIANG CITY, China, Feb. 9 (UPI) --
A set of parents in China said they expected a large baby, but they were shocked when their son came out weighing a potentially record-setting 15 1/2 pounds.
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