Sunday, July 24, 2011

Weekly Bilingual News


Dear Friends:

Hello! Welcome to a new issue of the Weekly Bilingual News! Today, something short and different!

Across all the week, in the United States, the frustrating discussions about the debt-ceiling between the White House and the Congress were at top of the news, like in UK, the investigation about the phone-hacking, and in Europe, the financial plan to maintain the euro stability due to the Greek crisis.

In the middle of this scenario, on Friday July 22, a terrible weeping of pain and confusion came from Scandinavia, where the terror shook Norway through the Oslo's bombing attack and the massive killing on the island of Utoya.

Different sources guess that the suspect perpetrator of the killing and bombing is a psychopath with extremist beliefs. We will not debate about his profile. To find the answer for the crime is the responsibility of the Norwegian police and authorities.

But we can not stay indifferent in front of the morbid mind of the criminal or criminals who cut nearly 100 lives. The crime perpetrated doesn't have ideological justification in a civilized world. For this reason, we would like to express our compassion for all the youngsters and other innocent people who were cruelly killed in the slaughter of Utoya and the streets of Oslo.

Our humble pray to God for all victims of this tragedy…

Domingo

Domingo A. Trassens
Spanish-English Club
Electronic mail: domingo.trassens@gmail.com

Questions - Preguntas: 

1) From your point of view, what was the worst news for the week?
1) Desde vuestro punto de vista, ¿cuál fue la peor noticia de la semana?

2) And what was the best news from the week?
2) ¿Y cuál fue la mejor noticia de la semana?

Vocabulary - Vocabulario:

- authorities = autoridades
- beliefs = creencias
- compassion = compasión
- crime = crimen
- cruelly = cruelmente
- death toll = número de víctimas
- extremist = extremista
- fatal = mortal
- frustrating = frustrante
- God = Dios
- humble = humilde
- indifferent = indiferente
- island = isla
- killing = matanza
- life, lives = vida, vidas
- massive = masivo
- morbid = morboso
- Norway = Noruega
- Norwegian = noruego, noruega, noruegos, noruegas 
- perpetrate, perpetrated = perpetrar, perpetrado
- phone-hacking = escuchas telefónicas ilegales, piratería telefónica
- police = policia
- pray = rezar, rogar
- profile = perfil
- psychopath = psicópata
- responsibility = responsabilidad
- Scandinavia = Escandinavia
- shook = sacudió
- slaughter = matanza
- stability = estabilidad
- tragedy = tragedia
- victims = victimas
- weeping = llanto
- youngsters = jovenes

MEMBERS AND LIBRARY CORNER

Thanks to Betsy, Bob, Erika, John, Mark, Pauline, Stephanie, and Suzanne for your messages and comments about the previous Weekly Bilingual News.



Sources: Norway official website, Wall Street Journal, PBS NewsHour, New York Times, The Washington Post, and Reuters.



Sunday, July 17, 2011

Weekly Bilingual News


Dear Friends:


Hello! Welcome to the Weekly Bilingual News! Again we are making a short tour across the world through a brief analysis of the major events of the last few days. We include a chapter of bilingual vocabulary linked with this issue.

The second half of the year began with a mix of bad news concerning financial, economic and political issues, plus bombing attacks, uprisings, repression, scandals, assassinations, and other deaths.

On Sunday 10, "Bulgaria", a Russian tourist boat with more than 180 people on board, sank on the Volga River in a fatal accident. Amid wind and rain, a strong storm knocked the vessel that disappeared in several minutes under water. The death toll was over 100 people. The boat was more than 50 years old. According to different sources its maximum capacity was 120 passengers. The authorities ordered a special investigation to know the causes of the accident.

On Monday July 11, in Damascus, Syria, the embassies of France and US were attacked by followers of the regime in apparent retaliation because the French and American ambassadors visiting an opposition city.

On July 12, in Kandahar, Afghanistan, Ahmed Wali Karzai, half-brother of Afghan President Karzai, was shot and killed in an unclear episode, by a longtime associate of his family at his home.

On July 13, again Mumbai, India was the target a terrorist attack. Three bombs exploded in its financial district killing at least 21 and wounding more than 100. About this incident we wrote the followed comment in a Wall Street's blog: "The three blasts show that till now India hasn't fixed its weakness in security while Mumbai continues to bean attractive place for terrorists."

On July 14, from Mountain View, California, Google posted the financial results of its second fiscal 2011 quarter ended June 30 with figures showed the Internet's company is recovering ground after some recent shakings. Its quarterly revenues were US$ 9,026 million, up 32.25% from the same period of a year ago. It also published a net income of US$ 2,505 million, up 36.14% year over year.

On July 15, in Istanbul, Turkey, a group of 30 countries recognized the Libyan Transitional National Council. The U.S. and other nations have formally recognized the main opposition group in Libya as the legitimate government. Secretary of State Hillary Clinton said Col. Gadhafi has forfeited his right to rule in the Transitional National Council.

From Tuesday to Friday, Italy gained room in the papers due to the austerity measures proposed by the Prime Minister Silvio Berlusconi and approved by the Parliament. This initiative came after rumors that the financial authorities of the European Union were afraid that Rome could convert into a second Athens. The Italian government made an important effort to restore calm to worried European leaders and markets.

Meanwhile, the phone-hacking scandal of the "News of the World" in the United Kingdom generated resignations of the top executives of News Corp and members of the British police, arrests and a suicide. The case continues opened and Rupert Murdoch, owner of the media group, could be damaged. Scotland Yard in UK and FBI in US are instituting research to know the extent of the phone-hacking procedures.

During all week, in Washington, the discussions between the White House and the leaders of Congress about the big deficit of the federal government continued without definitions.

The Wall Street markets closed the previous week in negative territory. On Friday July 15, Dow Jones Industrial Average fell 177.47 points for the week, or 1.40% to 12479.73, while Nasdaq Composite declined 70.01 points in the same period, or 2.45%, to 2789.80.

On Sunday July 17, the Japanese women soccer team defeated US in a dramatic end of penalty kicks winning the Women's World Cup in Frankfurt, Germany. It was the first title for Japan. The United States was looking for its third world cup. After an excellent match ended 2-2, it lost its chance to be again world champion in a series of the eleven meters shots.

JOURNALISM AND PHONE-HACKING

The phone-hacking is not a new practice to find murders, follow terrorists and enemies, and uncover the truth in cases of crimes, security and defense issues. It is used by intelligence agencies, police forces and private detectives in different circumstances, sometimes violating ethical principles of the society or going against international agreements with friends, partners and others.

In the case of the "News of the World", the circumstances look worse than the phone-hacking  used by the police because the press is not the correct institution to try to enforce the law. Definitely, journalists have to research information always respecting ethical principles and the privacy of others.

In connection with the UK scandal where some involved journalists working for the Murdoch media empire, we wrote the following comments in an Internet blog of Wall Street Journal: "The News Corp's scandal opens a new question mark about what really is the role of journalists: 1) Describe the events in a reasonable way? 2) Compete with the police in the detective research of the events? 3) Or push the last bloody knife in the body of the victims?"

SPECIAL TOPICS

LIBYAN REBELS: The Journal Community of WSJ asked to its members: "Should the U.S. have granted legitimacy to the Libyan rebels?"
Our Answer: "Till now we only know the National Transitional Council is an enemy of the Libyan regime. But are they our friends? We have to be cautious!" (July 16, 2011) 

FACEBOOK IN THE SKY: The Journal Community of WSJ asked to its members: "Do you think Facebook is worth $100 billion?"
Our Answer: "Facebook is a fantasy of some investors and speculators who want to inflate the balloon without logical sense. Unfortunately, the environment that Facebook offers to link people and businesses does not have enough professional level  to guarantee important business transactions. Sometimes, its users receive suggestions for personal or business links that are not viable. In general, the connections are only for fun or to find friends. Facebook is not a hardware and/or software maker. How many other assets can we consider to achieve the worth of $100 billion?" (July 15, 2011).

Best regards,

Domingo

Domingo A. Trassens
Spanish-English Club
Electronic mail: domingo.trassens@gmail.com
URL: http://spaengclub.blogspot.com/

Questions - Preguntas:

1) From your point of view, what was the worst news for the week?
1) Desde vuestro punto de vista, ¿cuál fue la peor noticia de la semana?

2) And what was the best news from the week?
2) ¿Y cuál fue la mejor noticia de la semana?

Vocabulary - Vocabulario:

- assassination = asesinato
- assets = activos
- austerity = austeridad
- British = británico, británica
- boat = barco, buque
- causes = causas
- concerning = sobre, acerca de
- death toll = número de víctimas
- episode = episodio
- fatal = mortal
- forfeit = perder derecho a
- fun = diversión
- illegal = ilegal
- Italy, Italian, Italians = Italia, italiano, italiana, italianos, italianas
- net income = ingresos netos
- on board = a bordo
- phone-hacking = escuchas telefónicas ilegales, piratería telefónica
- revenues = ingresos
- river = río
- Russia, Russian, Russians = Rusia, ruso, rusa, rusos, rusas
- shakings = sacudidas
- sink, sank, sunk = hundir, hundió, hundido
- soccer = fútbol
- Turkey = Turquía
- vessel = barco

MEMBERS AND LIBRARY CORNER

Thanks to Ann, Betsy, Bob, Erika, Joseph, Mary, Stephanie, and Suzanne your messages about the previous Weekly Bilingual News.

Sources: Google website, Facebook website, US Secretary of State website, Wall Street Journal, PBS NewsHour, New York Times, and The Washington Post.

Sunday, July 10, 2011

Weekly Bilingual News


Dear Friends:


Hello! Welcome to a new Weekly Bilingual News with a brief analysis of the news across the world. We include a chapter of bilingual vocabulary linked with this issue.

Like every month in its first days, the economic information linked with the job unemployment was the subject of different headlines (Unemployment rate: 9.2%, Non-farm payrolls rose 18000). At the same time, other events ran in parallel. The big deficit of the federal government and the discussion about raising the debt ceiling made more dramatic the debate. Additionally, the launch of the last shuttle mission of NASA created concern for the people associated with the American space program who will lose their jobs.

Around the world, new fears are growing in connection with the European countries with big debts. Portugal is the focus of a lot of observers. Some analysts also believe Spain and Italy could have problems. In general, the world economy is in jeopardy.

Meanwhile the countries involved in the Arab Spring didn't show significant progress. Some news from Libya confirmed that the rebels are advancing to Tripoli but till now they have a difficult path to take control of the central government. From the other side, Iraq was again shook by bombing attacks and the Egyptians complained in Cairo's streets about the slowness of political changes after the resignation of the President Hosni Mubarak.

In the United Kingdom, research practices of the journalists of the newspaper "News of the World" generated a huge scandal that compromised the top management of News Corp and the former editor Andrew Coulson, who once worked for Prime Minister David Cameron. Amid allegations that reporters of the paper hacked into phones of murder victims and families of slain soldiers, Rupert Murdoch, owner of News Corp, decided to close the tabloid.

In the United States, the negotiations between the White House and the leaders of Congress about the debt ceiling improved thanks to the personal dialogue between President Obama and House Speaker John Boehner but on the Sunday summit the leaders failed to produce a deal.

The Wall Street markets closed the week in the positive territory despite on Friday the majority of the indexes declined due to the disappointment by the June job report. During the last four work days, Dow Jones Industrial Average gained 74.43 points, or 0.59% to 12657.20, while Nasdaq Composite grew 43.78 points, or 1.55%, to 2859.81.

NEW AFRICAN NATION

On Saturday, July 9, South Sudan was declared independent from Sudan after years of civil war between armed groups from the north and south of the African country that killed two million people in five decades.

In 2005, with the intervention of United Nations, the Muslims of the north and the Christians of the south signed a peace agreement that was the previous step for the independence referendum of last January where the people of the south decided their destiny.

he Republic of South Sudan formally emerged as a new independent country after the split of Sudanese nation into two countries.

In Juba, capital city of the youngest Africa state, was celebrating the official ceremony of independence, while in border north of the country, the violence continues for the dispute of oil areas with Sudan.

About this event we wrote the following comments on the blog of NewsHour PBS "The birth of South Sudan reminds us of the birth of a stunted child with a lot of diseases and low life expectation."

SPECIAL TOPICS

LAST SHUTTLE MISSION: TechRepublic posted: "What does this mean for the future of manned flight?"(1), written by Larry Dignan about NASA'S last Shuttle mission.
Our Comment: "Multiple negative consequences. From our point of view, tostop the Shuttle mission without a better alternative is to put in the trash all the efforts that NASA made to open new human paths through the extraterrestrial space. The United States will lose ground in many different ways: scientific, defense, security, industrial, and economic.

JOB REPORT: Wall Street Journal published "Jobs Data Dim Recovery Hopes" (2) about the June job report of the US Secretary of Labor.
Our Comment: "Since 2008, we haven'tseen a continuous strong recovery going downthe street. During this period, the statistics were always handled in away to avoid bad reactions, but the real situation is worse than the numbers say. It is a serious drama."

DEBT CEILING: Wall Street Journal posted: "Entitlement Cuts Divide Democrats" (3) about the Congress and White House discussion around of the debt ceiling of the federal deficit.
Our Comment: "When in our home, our incomes are less than our expenditures and nobody gives us credit, we have to cut some items fromour budget that normally are necessary. Something similar should happen in government. When we expend more money than our normal incomes, we cannot balance our budget and our "reserves" will decline despite all the magic formulas of our Secretary of Treasury. Of course, the public finances are more complex than the home finances, butwe have to cut expenditures or invent new "taxes". Definitively, we cannot go against the basic principles ofaccounting."

CISCO SPYING CHINESE: Wall Street Journal published: "Cisco Poised to Help China Keep an Eye on Its Citizens"(4) about the security system implemented by Cisco Systems in China.
Our Comment: "In general, the technology companies that implement electronic security systems don't analyze the possible social and human consequences of their work."

Best regards,

Domingo

Domingo A. Trassens
Spanish-English Club
Electronic mail: domingo.trassens@gmail.com
URL: http://spaengclub.blogspot.com/

Questions - Preguntas:

1) From your point of view, what was the worst news for the week?
1) Desde vuestro punto de vista, ¿cuál fue la peor noticia de la semana?

2) And what was the best news from the week?
2) ¿Y cuál fue la mejor noticia de la semana?

Vocabulary - Vocabulario:

- accounting = contabilidad
- deficit = déficit
- economy = economía
- debt ceiling = techo de la deuda
- jeopardy, to be in jeopardy = estar en peligro
- job = empleo, puesto de trabajo 
- oil = petróleo  - recovery = recuperación
- reserves = reservas
- shuttle = transportador, lanzadera
- spacial program = programa espacial
- taxes = impuestos

MEMBERS AND LIBRARY CORNER

Thanks to Bob, Jenny, John, Mary, Stephanie, and Suzanne your messages about the previous Weekly Bilingual News.


 Flag of New African Nation: South Sudan

Sources: TechRepublic, US Secretary of State website, Wall Street Journal, PBS NewsHour, New York Times, The Washington Post, Think Tank of Spanish-English Club.
References: (1) "What does this mean for the future of manned flight?" by Larry Dignan, July 8, 2011, TechRepublic.(2) "Worries Grow Over Jobs" by Justin Lahart and Joe Light, July 8, 2011, Wall Street Journal. (3) "Entitlement Cut Democrats" by Jonathan Weisman, July 8, 2011, Wall Street Journal. (4) "Cisco Poised to Help China Keep an Eye on Its Citizens" by Loretta Chao and Don Clark, July 5, 2011, Wall Street Journal.


Monday, July 4, 2011

Weekly Bilingual News - Special Edition


Dear Friends:


Hello! Today - 4th of July - is a very special celebration of the United States. It is Independence Day, the birthday of the nation.

¡Hola! Hoy, 4 de Julio, es una muy especial celebración de los Estados Unidos. Es el Día de la Independencia, el cumpleaños de la nación.

All the nations with historical roots have a day that is the symbol of their fight for their freedom and independence. It is an important milestone in the history of each country.

Todos los pueblos con raíces históricas tienen un día que es el símbolo de su lucha por su libertad e independencia. Es un importante mojón en la historia de cada país.

Happy Independence Day!

¡Feliz Día de la Independencia!

Domingo

Domingo A. Trassens
 Spanish-English Club
Electronic mail: domingo.trassens@gmail.com
URL: http://spaengclub.blogspot.com/

Vocabulary - Vocabulario:

- birthday = cumpleaños
- country = país, patria, tierra
- fight = lucha
- freedom = libertad
- historic = históricas
- history = historia
- independence = independencia
- milestone = mojón
- nation = nación, pueblo
- roots = raíces
- symbol = símbolo


Happy 4th of July!
¡Feliz 4 de Julio!


Sunday, July 3, 2011

Weekly Bilingual News


Dear Friends:

Hello! Welcome to a new brief analysis of the news of the end of June and beginning of July across the world. We include a chapter of bilingual vocabulary linked with the subjects of this issue.

During the last few days, a mosaic of different events was in the headlines of the papers and TV. From Cuba, the report about the surgery of Venezuelan President Hugo Chavez created expectations about the political future of his country. In Syria, the government called to leaders of the opposition trying to reduce the international pressure for the repression against demonstrators of the last months. In Athens, the Greek Parliament confirmed its support with the austerity measures proposed by the Prime Minister. The International Monetary Fund named French Finance Minister Christine Lagarde as its new managing director. In Monaco, the Prince Albert II married a former Olympic swimmer with all the luxury and fantasy of fairy tales. The former IMF chief Strauss-Kahn, accused of sexual assault, was released from his house arrest in New York.

To remark, on Tuesday, June 28, Afghanistan was again shook by the suicide attack of the Inter-Continental Hotel of Kabul. After near six hours of terror, helicopters of the NATO troops ended the siege by militants of the Taliban who showed that till now they have the capacity to storm in the capital of the country.

In the United States, the discussion around the cut of the federal deficit continued in a tense environment between the White House and Republican lawmakers. On Wednesday, June 29, President Barack Obama made the case for ending certain tax breaks for "millionaires and billionaires" as an option to keep the federal government from defaulting on its debt. The hot new tone from the President surprised the political analysts.

The Wall Street markets changed their direction after weeks with negative and mixed results. All the main indexes closed in the positive territory with important growths. For the week, Dow Jones Industrial Average gained 648.19 points, or 5.43% to 12582.77, while Nasdaq Composite climbed 163.14 points, or 6.15%, to 2816.03.

WHERE SOCIAL NETWORKS GO?

On Wednesday June 29, News Corp announced the sale of the social network MySpace for $35 million that had been acquired for $580 million just six years ago. The buyer is Specific Media, a small a digital media company. The huge differences between the acquisition and sale prices produced surprise from external observers.

A day later, in a special report, the TV program NewsHour of PBS (2) analyzed the case and the recent advance of Facebook, a competitor of MySpace that now is climbing to the sky with a strong valuation of its business. In connection with this subject we wrote the following comment: "The social networks alone will not change the economy because a lot of the projects are only bubbles that will disappear tomorrow. This niche of technology is more cannibalistic than other sectors. But we think the social media services associated with innovative tools could revolutionize the real and virtual worlds in the years ahead. This is important, despite the corpses that drop off on the route."

After that, in the Journal Community forum of WSJ, a group expanded the discussion asking about the current role of Internet in connection with traditional businesses. This was the question for debate: "Do you see the Internet as an opportunity or a threat to traditional business models?" We answered: "We see the Internet as a simultaneous opportunity and threat to traditional business models. Internet helps the traditional businesses in their globalization. In other words, Internet as a tool gives the opportunity to spread some good local businesses in the global way. But sometimes these very good ideas die when others take the helm of those businesses, or big investors buy the ideas, the factories, the engineering of the products and the shops, and they merge with other ideas, other factories and other products. In summary, Internet is a machine that cannibalizes businesses and we never know what will happen with our ideas or our products or our shops when they merge with others. Only a very small group of traditional business models can endure the integration with Internet as a tool without losing its roots. (June 2, 2011, Journal Community, WSJ)

Next, Zynga, a software company that produces games that work on social networks such as Facebook and MySpace, entered in the big scene. This social network game developer announced its plan to sell stock in the New York financial market as a public company. A journalist from Wall Street Journal remarked that Zynga is valued near to $20 billion in a story titled: "Nothing Virtual About Zynga Profits" (2). This was our comment: "We prefer to be cautious. In a virtual business, the profits of today don't guarantee a big harvest of tomorrow."

In other article from the blog Digits of WSJ titled "What Zynga CEO's Letter Could Have Said" (3) was reproduced the official letter of Zynga announcing its IPO .This was our new comment: "Zynga is jumping into a virtual world that till now has a low value. The pioneers of the Internet's search machines have destroyed the monetary value of a lot of valuable intellectual works with the technique of cloning their creative brains. If the Zynga's philosophy expands its roots, we will see a new Renaissance of intellect that will reward the intellectual workers with real revenues. Good beginning!"

In summary, after browsing the official website of Zynga we conclude that the game developer founded by Mark Pincus in 2007 in San Francisco, California, is marking a possible turning point in the evolution of the social networks. We really enjoyed navigating through games like FarmVille, CityVille and RewardVille. Probably the virtual creatures (imaginary tractors and special goods) of these games will make history.

OTHER SUBJECTS

WHITE SMOKE AT IMF: On June 28, the conclave of election of the new "Pope" of the IMF selected Ms. Christine Lagarde after the United States and China endorsed the French Minister against the Mexico's central banker Agustin Carstens. Wall Street Journal talked about the selection process in an article titled: "France's Lagarde Named IMF Chief". These were our comment: "Ms. Christine Lagarde thinks she is a celebrity and for this reason, she deserves to become the head of IMF. But the real world doesn't begin in the Camps-Élysées. The International Monetary Fund needs a leader who will feel comfortable walking with their feet submerged in a swamp or across the smelly alleys of the poor neighborhoods of the big cities of the emerging countries." 

GOVERNMENT REFRESHMENT - On July 3, Wall Street Journal posted a story titled: "Politics Dog Possible Top Treasury Vacancy" where the journalist Damian Paletta talks about the rumors that Secretary Timothy Geithner will leave the President Obama's cabinet very soon. Our Comment: 'The potential departure of Treasury Secretary Timothy Geithner is the last opportunity of President Obama to correct the mistakes he made when he arrived at the White House. The successor has to be a brilliant professional with more knowledge than the current Secretary about the economy of every day and every corner of the nation, and with enough humbleness and intelligence to speak on the same level with Republican members of the Congress, Chinese financial authorities, colleagues of the Democratic party or a beggar at the end of a religious ceremony."

Best regards,

Domingo

Domingo A. Trassens
Spanish-English Club
Electronic mail: domingo.trassens@gmail.com
URL: http://spaengclub.blogspot.com/

Questions - Preguntas:

1) From your point of view, what was the worst news for the week?
1) Desde vuestro punto de vista, ¿cuál fue la peor noticia de la semana?

2) And what was the best news from the week?
2) ¿Y cuál fue la mejor noticia de la semana?

Vocabulary - Vocabulario: 

- Afghanistan, Afghan = Afganistán, afgano, afgana
- beggar = mendigo
- brains = cerebro, inteligencia
- budget = presupuesto
- cabinet = gabinete
- cannibal = cannibal
- cannibalistic = canibalístico
- ceremony = ceremonia
- cloning = clonando, copiando en un sentido genético
- Cuba, Cuban = Cuba, cubano, cubana
- deficit = déficit
- demostrators = manifestantes
- destroy, destroyed = destruir, destruyó
- developer = desarrollador
- dog = seguir los pasos
- French = francés, francesa
- game = juego
- Greece, Greek = Grecia, griego, griega
- harvest = cosecha
- humbleness = humildad
- intellect = intelecto
- Mexican = mexicano, mexicana, mejicano, mejicana
- Pope = Papa
- refreshment = refresco
- religious = religioso, religiosa
- Renaissance = Renacimiento
- repression = represión
- reward = premio, recompensa
- siege = cerco, sitio
- smelly = maloliente
- social network = red social
- storm = tomar por asalto
- suicide = suicida
- surgery = cirugía, operación, intervención médica
- swamp = pantano, ciénaga
- Venezuelan = venezolano, venezolana

MEMBERS AND LIBRARY CORNER

Thanks to Ann, Bob, Erika, Frederic, Gaby, Joseph, Mary, and Suzanne your messages about the previous Weekly Bilingual News.

A mosaic of different events across the world...

Sources: Zynga website, MySpace website, IMF website, Wall Street Journal, PBS NewsHour, New York Times, The Washington Post, Think Tank of Comlab.
References: (1) "Are Social Media Services the Next Tech Bubble?", NewsHour Report Air, June 30, 2011, PBS. (2) "Nothing Virtual About Zynga Profits" by Rolfe Winkler, July 2, 2011, Wall Street Journal. (3) Digits - WJS Blogs : "What Zynga CEO's Letter Could Have Said" by Tom Loftus, July 3, 2011, Wall Street Journal.(4) "France's Lagarde Named IMF Chief", by Sudeep Reddy, Nathalie Boschat and William Horobin, June 29, Wall Street Journal.