Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (158462)	3/16/2005 11:04:02 AM
From: Sam Citron	Read Replies (2) \| Respond to of 281500

Bush taps Wolfowitz to head World Bank By Greg Robb, MarketWatch Last Update: 10:57 AM ET March 16, 2005 WASHINGTON (MarketWatch) - President Bush nominated Paul Wolfowitz, the top deputy of Defense Secretary Donald Rumsfeld, to head the World Bank. "I think Paul will be a strong president of the World Bank," Bush said Wednesday. "He is a skilled diplomat. Paul is committed to development. He is a compassionate, decent man, who will do a fine job in the World Bank." Under a tradition in place since World War II, the U.S. has been able to nominate the World Bank chief while the International Monetary Fund has been headed by a European. This unofficial agreement has come under increasing criticism from Asia and developing nations. Wolfowitz would succeed World Bank President James Wolfensohn, a former investment banker, who is leaving the Bank after 10 years in office. In a statement, the World Bank's board confirmed it had received the Wolfowitz nomination. "The executive directors of the board, who are charged under the Bank's Articles of Agreement with the selection of the Bank's President, are in the process of consultations with the member countries they represent. An official announcement of the outcome of the deliberations and actions of the Executive Directors will be made as soon as a decision has been reached," the board said. The guessing game about who would succeed Wolfensohn veered from celebrity corporate executives to just plain celebrities. Irish rock star and activist Bono and former Hewlett-Packard (HPQ) Chief Executive Carly Fiorina were named as possible World Bank chiefs, as was Treasury Undersecretary John Taylor and former Environmental Protection Agency Secretary Christine Todd Whitman. Wolfowitz is one of the leading neoconservative foreign policy experts who have had widespread influence over Bush Administration policies. Wolfowitz has become a lightening rod for critics of the war in Iraq. Before joining the Defense Department, Wolfowitz served as dean at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University. During the Reagan Administration, he served as U.S. ambassador to Indonesia. marketwatch.com{DDB2A9CD-FA97-4E08-ABC0-8C09AA76A778}&siteid=bigcharts Is this a sick joke?