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IMF reforms to double capital, give China, India more power

The International Monetary Fund has decided to double its capital and adopted other reforms that will give China and other emerging-market economies a greater say in the financial institution. The IMF executive board agreed to sweeping changes on Friday, ahead of next week’s G20 summit in Seoul, expected to be…

NYPD’s quotas mean innocent people being arrested: officer

A New York City police officer is alleging that his department has arrest quotas that result in innocent people being arrested. Officer Adil Polanco told WABC channel 7 in New York that his precinct — the 41st in the Bronx — has a “20 and one” monthly quota, meaning each…

Iraq will be ‘big player’ at OPEC meet: US diplomat

Iraq will be a “big player” at OPEC’s meeting in Angola later this month over its allocated crude production quota following a string of deals with oil majors, a senior US embassy official said on Sunday. The Organization of Petroleum Exporting Countries meeting in Luanda on December 22 will come…

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