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There is much debate over the benefits of IMF policies in Africa. For both sides see http://tinyurl.com/IMFhardship and http://tinyurl.com/IMFbenefits

International Monetary Fund Managing Director and, before he was charged, likely candidate for the French Presidency, Dominique Strauss-Kahn now sits in a cell on Rikers Island charged with assaulting the maid in his $3,000 a night hotel suite.  How long do you think the maid has to work to earn that?  One BBC report I heard last night said he likely would have been charged a discounted rate of  $800/night.  Still, I pose the same question.

I checked out hotel maid’s salaries in New York City on PayScale.com.  I ran reports with a few different sets of variable.  don’t know how long she has worked at that hotel, whether she has a supervisory role or how that hotel’s pay scale compares with others.  It seems like she might have made something in the neighborhood of $20/hour.  That’s $800 per week, i.e. the reduced rate Strauss-Kahn would have paid for one night!  The per capita Gross Domestic Product of Guinea, the woman’s home country, is $1,000 annually!  Mull that over in your brain for a minute.  If I heard those figures correctly, the room that the Managing Director of the IMF occupies in NYC costs 3 times the Gross Domestic Product of Guinea at full rate.  Fortunately the IMF is fiscally responsible and they insist on a discount rate.  They pay only 80% of Guinea’s GDP for EACH and EVERY night!

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