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Christine Lagarde resigns from IMF to become president of European Central Bank

Christine Lagarde resigns from IMF to become president of European Central Bank

World
July 16 (UPI) -- International Monetary Fund Managing Director Christine Lagarde submitted her resignation Tuesday to take on a new role as president of the European Central Bank. The French economist replaces outgoing ECB President Mario Daghi, who completes his eight-year term in October. "I have met with the Executive Board and submitted my resignation from the Fund with effect from September 12, 2019," Lagarde said. "The relinquishment of my responsibilities as Managing Director announced previously will remain in effect until then. "With greater clarity now on the process for my nomination as ECB President and the time it will take, I have made this decision in the best interest of the Fund, as it will expedite the selection process for my successor." David Lipton will take over as ...
Frank Lampard: Chelsea legend leaves Derby County to become Blues manager

Frank Lampard: Chelsea legend leaves Derby County to become Blues manager

Sports
Chelsea have appointed former midfielder Frank Lampard as their manager on a three-year deal.Lampard, 41, has left Championship side Derby County to take over at a club where he spent 13 years as a player.He succeeds Maurizio Sarri, who left Stamford Bridge in June to take charge of Italian champions Juventus. Lampard led Derby to the Championship play-off final, where they lost to Aston Villa, in his first season as a manager.The former England international made 648 Chelsea appearances, winning 11 major trophies with them.He takes over with Chelsea under a transfer embargo after the club were given a two-window transfer ban by world governing body Fifa - a decision they are appealing agains...
Jeremy Clarkson swaps petrolhead TV presenter job to become vegetable-loving farmer

Jeremy Clarkson swaps petrolhead TV presenter job to become vegetable-loving farmer

Entertainment
The Top Gear legend has splashed out on an all-terrain vehicle and a hovercraft for getting around his Diddly Squat farm in Oxon.And he is even planning to get a drone for rounding up his sheep.Jezza will reveal his farming highs and lows in a new series called I Bought The Farm which begins filming in September.He said: “Scientists calculate that we have just 90 years before we run out of food, because of soil depletion. That’s just 90 more harvests.“I take the global view that the bigger the world’s population gets, the more food we’re going to need.“So it’s slightly mad not to increase crop production.”And despite years of mocking vegetarians, Clarkson is also swapping meat for greens.“I do eat chicken,” he said. “But that’s just a vegetable with a head.”Let's block ads! (Why?) Daily S
Ignoring this client asset may become an advisor’s nightmare

Ignoring this client asset may become an advisor’s nightmare

Finance
Caiaimage/Trevor Adeline | Getty ImagesWhen it comes to clients who own permanent life insurance with cash value, financial advisors have both an asset and a liability.On the one hand, clients appreciate having a financial advisor who can analyze the contract and ensure that it still meets their goals. "It's a perfect way to build relationships with clients, especially when it's a policy you didn't sell, and you look like a rock star," said Thomas J. Henske, a certified financial planner and partner at Lenox Advisors in New York.More from FA Playbook:Financial advisors are more stressed out than their clientsAs a financial advisor shortage looms, colleges fill the gapAdvisors create a game plan for this retirement expenseHowever, if an advisor chooses to ignore the insurance contract, you ...
Vincent Kompany leaves Manchester City to become Anderlecht player-manager

Vincent Kompany leaves Manchester City to become Anderlecht player-manager

Sports
Captain Vincent Kompany has left Manchester City to become player-manager at former club Anderlecht.The 33-year-old defender has signed a three-year deal with the Belgian club, where he scored five goals in 73 appearances between 2003 to 2006.Earlier on Sunday, Kompany said Saturday's 6-0 FA Cup final win over Watford was his final game for City. He won four Premier League titles, two FA Cups and four League Cups during 11 years at Etihad Stadium."It's the most passionate yet rational decision I've ever made," Kompany, who first joined Anderlecht at the age of six, said in an open letter on Facebook."I want to share my knowledge with the next purple generations."With that, I will...