Steve Lipsky proved this when he made a video showing flames shooting out of his hose.

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Yesterday the fund named its number two official, the capable U.S. economist John Lipsky, as acting managing director.

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We'll have the interim boss of the IMF, John Lipsky, on Newsnight tonight.

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John Lipsky, number two at the IMF, said this week that the euro is above the fund's medium-term valuation benchmark.

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The IMF's second-in-command, John Lipsky, acknowledged in a BBC interview that in the immediate future the reforms won't be easy or enjoyable.

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While the search begins to replace him, the first deputy managing director, John Lipsky, will lead the fund, the IMF said in a statement.

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Its triumph last year relied on stress-testing based on scenarios dreamed up by a committee including John Lipsky, an economist who has long been bearish on emerging markets.

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"As acting managing director, John Lipsky will provide able and experienced leadership to the fund at this critical time for the global economy, " Geithner said in a statement Thursday.

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The Lipsky home in Parker County, Texas sits atop an area in the vicinity of horizontal fracking lines from two gas wells about a mile below the surface.

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Mr. Lipsky is editor of the New York Sun.

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"I deeply regret the circumstances that have made it necessary for me to substitute for the fund's managing director, " Lipsky said in a speech at the annual meeting of the Bretton Woods Committee in Washington.

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As the institution negotiated emergency loans and austerity packages for Ireland, Portugal, and Greece, deputy managing director John Lipsky was forced to take the reins and call for nominations as the acephalous institution looked for a new chief.

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Lipsky sketches it out succinctly.

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