Global leaders urge IMF reform
- Share via
Center-left leaders from around the world called for urgent reform of global financial institutions to prevent a recurrence of the credit crisis.
About a dozen leaders, gathered by British Prime Minister Gordon Brown, issued a communique urging the International Monetary Fund to help develop an early warning system to guard against risks to the global economy.
The leaders heard a gloomy update from IMF Managing Director Dominique Strauss-Kahn, who said most of the downside risks to the world economy feared six months ago had become a reality.
More From the Los Angeles Times
Podcasts
The latest effort is coming from the L.A. County Board of Supervisors. They just announced a $3 million program in conjunction with some nonprofits groups to test and clean the soil at homes still standing in the areas impacted by the Eaton Fire.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
