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Keyword: worldbank

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  • This woman may be biggest opposition to Erdogan

    05/27/2016 5:11:42 PM PDT · by MinorityRepublican · 10 replies
    Al-Monitor ^ | May 26, 2016 | Sukru Kucuksahin
    After weeks of uncertainty and foot-dragging, the Appeals Court this week made a critical ruling, setting the stage for a potential shakeup in Turkish politics that may block President Recep Tayyip Erdogan’s drive for an executive presidency. The court gave the green light for the Nationalist Action Party (MHP) to hold a convention requested by in-house dissidents seeking to remake the party, whose erosion in recent years has played directly into Erdogan’s hands. Leading the dissidents is Meral Aksener, a rare female heavyweight on Turkey’s political scene, whose fortunes may now change not only the MHP’s but also Turkey’s course.
  • Hillary Clinton tipped for World Bank job as Robert Zoellick steps down

    02/15/2012 5:12:56 PM PST · by bruinbirdman · 21 replies
    The Telegraph ^ | 2/15/2012 | Emma Rowley
    Mr Zoellick, 58, will leave the Bank on June 30, after five years in the role. "The Bank is now strong, healthy and well positioned for new challenges, and so it is a natural time for me to move on and support new leadership," he said. Speculation as to his successor has focused on Mrs Clinton, the US Secretary of State, and former Treasury Secretary Larry Summers. The former US First Lady is said to have been in discussions with the White House about leaving her current role. "Hillary Clinton wants the job," a source who knows her well told...
  • Peru elections: Pedro Pablo Kuczynski holds slight lead as votes counted

    06/05/2016 9:41:02 PM PDT · by Nextrush · 21 replies
    BBC News ^ | 6/6/2016 | BBC
    Partial results in Peru's presidential election give former World Bank executive Pedro Pablo Kuczynski a narrow lead. He had 50.59% against 49.41% for Keiko Fujimori, with 52% of the votes counted. Ms. Fujimori had a strong lead ahead of the vote on Sunday but corruption scandals in her Popular Force party may have dented her support. She is the daughter of Peru's former President Alberto Fujimori.......
  • When Enemies Infiltrated the White House ( Harry Dexter White and fellow travelers )

    10/21/2015 10:30:39 AM PDT · by george76 · 21 replies
    FrontPage Magazine ^ | March 10, 2013 | Daniel Greenfield
    How a Soviet mole in FDR's inner circle triggered Pearl Harbor – and its dire relevancy to our conflict today. ... On December 7, 1941, 353 Japanese aircraft delivered a shocking blow .. Nearly seven years later, Harry Dexter White, a senior official in the Roosevelt Administration, appeared to testify before the House Committee on Un-American Activities . Numerous witnesses, including Whittaker Chambers and Elizabeth Bentley, had implicated White in involvement with the Communist Party and the Soviet Union. ... Harry Dexter White, a Harvard PhD and Assistant Treasury Secretary, had played a major role in creating the World Bank...
  • World's 'extremely poor' to fall below 10 percent of global population: World Bank

    10/04/2015 6:57:24 PM PDT · by SeekAndFind · 8 replies
    Reuters ^ | 10/04/2015 | BY SEBASTIEN MALO
    NEW YORK (Thomson Reuters Foundation) - The number of people living in extreme poverty is likely to fall for the first time below 10 percent of the world's population in 2015, the World Bank said on Sunday as it revised its benchmark for measuring the problem. Extreme poverty has long been defined as living on or below $1.25 a day, but the World Bank's adjustment now sets the poverty line at $1.90 a day. The Bank said the change reflects new data on differences in the cost of living across countries, while preserving the real purchasing power of the previous...
  • Einstein Memorial Refutes White House Environmentalist

    05/13/2015 11:52:33 AM PDT · by Kaslin · 5 replies ^ | May 13, 2015 | Terry Jeffrey
    It is an obvious truth we too often forget. At the Albert Einstein Memorial, on the grounds of the National Academy of Sciences in Washington, D.C., an explanatory sign states a simple fact that refutes the argument President Barack Obama's science adviser once made for redistributing wealth and limiting human population so as to save the human race from a poverty he claimed must inevitably intensify as our numbers increase. "At Einstein's feet lies a circular sky map representing the planets, sun, moon, and stars, positioned as observed by astronomers from the U.S. Naval Observatory at noon on the day...
  • China's New Development Bank Is Becoming A Massive Embarrassment For Obama

    03/31/2015 6:10:37 AM PDT · by blam · 14 replies
    BI ^ | 3-31-2015 | Mikw Bird
    Mike Bird March 31, 2015China's new development bank, which was announced just five months ago, is becoming a massive headache for the US. Try as it might, the US government can't convince its allies to stop joining the Asian Infrastructure Investment Bank (AIIB). The bank will be a bit like the World Bank, providing loans to developing countries in Asia for infrastructure projects. Unlike the World Bank, China will hold the reins of the AIIB. The US administration is publicly worried that the institution won't meet high governance standards, but really seems opposed to the move because it signals a...
  • Germany joins China development bank

    03/17/2015 10:10:58 AM PDT · by Olog-hai · 14 replies ^ | 17 Mar 2015 11:38 GMT+01:00
    Finance Minister Wolfgang Schäuble confirmed on Tuesday that Germany has agreed to join the China-led Asian Infrastructure Investment Bank (AIIB), despite pressure from the US.Germany, France and Italy “want to bring our long experience … to help the bank build a solid reputation,” Schäuble said at a joint press conference in Berlin with Chinese vice-premier Ma Kai. “We want to make a contribution to the positive development of the Asian economy, in which German companies are actively taking part,” he said. France and Italy have also agreed to become members of the $50-billion institution, seen as a rival to the...
  • Regime of tyranny and torture back to haunt Uganda

    03/19/2005 10:43:59 AM PST · by propertius · 5 replies · 648+ views
    The Daily Telegraph (UK) ^ | 19th March, 2005 | Adrian Blomfield
    Suspected dissidents disappear after midnight visits to their homes; chilling screams can again be heard from Idi Amin's infamous torture chambers, reopened after a quarter of a century of disuse. From the few that escape come tales of punishment beatings and even mass executions. Welcome to President Yoweri Museveni's Uganda. One of Britain's favourite African states in recent years has, almost unnoticed in the West, become a sinister land where a corrupt regime uses its secret police to rule through fear. The reasons for this transition are not hard to fathom. Mr Museveni has ruled Uganda since 1986, when his...
  • Nuland: ‘Toxic Cocktail’ Hitting Russia as State Dept. Preparing More Support for Ukraine

    12/27/2014 7:19:20 AM PST · by opentalk · 22 replies
    PJ Media ^ | December 23, 2014 | NICHOLAS BALLASY
    Victoria Nuland, U.S. secretary of state for European and Eurasian affairs, said the U.S. has been internally preparing more financial support to Ukraine.“Senior IMF leadership was in Ukraine this week issuing a public validation of the reform program going forward but also confirming that the program agreed last year is going to need a significant adjustment – that there is a fiscal hole to the tune of $10-15 billion,” Nuland said at the American Enterprise Institute during a discussion examining the Ukrainian revolution one year later.“We expect that the IMF and the World Bank will have to increase their support...
  • Global Warming Is Already Locked In, World Bank Says

    11/24/2014 11:35:31 AM PST · by Beave Meister · 83 replies
    NBC ^ | 11/24/2014
    The world is locked into 1.5°C global warming, posing severe risks to lives and livelihoods around the world, according to a new climate report commissioned by the World Bank. The report, which called on a large body of scientific evidence, found that global warming of close to 1.5°C above pre-industrial times – up from 0.8°C today – is already locked into Earth's atmospheric system by past and predicted greenhouse gas emissions. Such an increase could have potentially catastrophic consequences for mankind, causing the global sea level to rise more than 30 centimeters by 2100, droughts to become more severe and...
  • Citigroup banker found dead with throat slit in swanky apartment (New York)

    11/19/2014 3:04:35 PM PST · by dynachrome · 88 replies
    NY Post ^ | 11-19-14 | Kevin Dugan, Erin Calabrese and Beckie Strum
    here was no knife recovered at the scene, leading officials to suspect the death was not a suicide, and they were trying to determine who had access to his apartment. One-bedroom apartments at the building are listed at more than $1 million.
  • Tackling Climate Change Would Grow Global Economy, World Bank Says (Scam Alert)

    06/24/2014 1:56:56 AM PDT · by Up Yours Marxists · 6 replies
    The Guardian ^ | June 24, 2014 04:00 GMT | Suzanne Goldenberg
    Fighting climate change would help grow the world economy, according to the World Bank, adding up to $2.6tn (Ł1.5tn) a year to global GDP in the coming decades. The findings, made available in a report on Tuesday, offer a sharp contrast with claims by the Australian government that fighting climate change would “clobber” the economy. The report also advances on the work of economists who have argued that it will be far more costly in the long run to delay action on climate change. Instead, Tuesday's report found a number of key policies – none of which included putting an...
  • World Bank: Epic Fail

    05/19/2014 8:38:49 AM PDT · by Academiadotorg · 3 replies
    Accuracy in Academia ^ | May 18, 2014 | Spencer Irvine
    Development programs run by the World Bank and other multilateral agencies regularly fail because they rely on government aid rather than the free market, New York University economist William Easterly said recently at the Cato Institute. william easterly For example, Easterly recounted, in a World Bank-backed forestry program in Uganda, farmers were forcibly removed from their farms and relocated to cities. He said, “The result of this, this is the tyranny of experts at its most extreme.” Similarly, experts cannot shake their belief that somewhere there is a “benevolent autocrat” they can assist. Easterly noted that in Ethiopia under former...
  • The Long Goodbye? China, The World Bank, & The American Century

    05/14/2014 9:14:58 AM PDT · by Kaslin · 7 replies ^ | May 14, 2014 | Brian Birdnow
    Last week a World Bank report that compares something called purchasing power parity claimed that, based on the purchasing power statistics, the Chinese economy has reached a point of rough equality with the United States, or, could actually have moved slightly ahead of the USA, based on the incomplete figures of economic growth over the last three years. This announcement, which confirms the fact of China’s explosive economic development, and the anemic American recovery after the Great Recession of 2008-2010, has caused quite a stir in a number of quarters. The Chinese, usually quick to tout great achievements, have been...
  • IFC Helps Ukrainian Poultry Producer Take Flight [2013 article, IFC in Ukraine since 1993]

    03/05/2014 8:25:29 PM PST · by PieterCasparzen · 11 replies
    The fine dining establishments of Knightsbridge and the Champs Elysees may soon be serving their well-to-do customers Ukrainian chicken. Backed by a $50 million IFC loan, Ukraine’s leading poultry producer is set to expand into European markets, and perhaps beyond. IFC is supporting the expansion of long-time client Myronivskiy Hliboproduct, or MHP, while helping the fast-growing company build the greenest farming operation in the country. "When I started my poultry business back in the 1990s, there was practically no market in the country for our fresh chickens,” says Yuri Kosyuk, MHP founder and chairman. “After my study tours abroad I...
  • World Bank postpones Uganda loan over anti-gay law

    02/28/2014 7:34:11 PM PST · by markomalley · 30 replies
    Reuters ^ | 2/27/2014 | Anna Yukhananov
    The World Bank on Thursday postponed a $90 million loan to Uganda's health system over a law that toughened punishment for gays, an unusual move for an institution that typically avoids wading into politics. "We have postponed the project for further review to ensure that the development objectives would not be adversely affected by the enactment of this new law," World Bank spokesman David Theis said in an email. Ugandan President Yoweri Museveni signed an anti-gay bill earlier this week that strengthens already strict laws against homosexuals by imposing a life sentence for certain violations and making it a crime...
  • World Bank a security risk to the world order?

    02/12/2014 2:22:19 PM PST · by Yollopoliuhqui · 5 replies
    Lars ^ | May 8, 2013 | Lars Schall
    Former senior legal counsel at the World Bank turned whistleblower Karen Hudes talks about the corruption inside the World Bank and her personal saga to find out about it. She says a worldwide currency war is certain and NATO in jeopardy, if the wrongdoing isn’t finally addressed. By Lars Schall Karen Hudes studied law at Yale Law School (J.D.) and economics at the University of Amsterdam (M.Phil). She worked as a corporate and securities lawyer at a major New York law firm and for several years at the Export Import Bank of the US, before she became a senior counsel...
  • The World of Karen Hudes (is this for real)

    12/15/2013 8:30:49 AM PST · by restornu · 17 replies
    NextNewsNetwork ^ | Oct 13, 2013 | Karen Hudes
    Published on Oct 17, 2013 Karen Hudes exposes The World Bank. It is one of the world's largest financial institutions said to represent 188 nations from around the world. Its stated purpose focuses on investing in the development of third-world nations and lending interest-free loans to middle- and low-income countries. According to the World Bank, there are two goals that have been set to be achieved by the year 2030. These include decreasing the amount of people living on less than $1.25 a day to less than 3% and fostering the income growth of the bottom 40% of every country....
  • End time maundering-- could Legarde of the IMF be the whore of Babylon?

    10/13/2013 7:50:25 PM PDT · by Mamzelle · 62 replies
    Drudge headline | 10/13/13 | Vanity
    Just a little chill went down my spine as I read this hour's headline on the DR. Curious if anyone felt likewise.
  • World Bank's Kim seeks big shake-up

    10/13/2013 8:52:39 PM PDT · by TexGrill · 3 replies
    Asia Times ^ | 10/10/2013 | Carey L. Biron
    WASHINGTON - World Bank president Jim Kim has formally put forward a major new proposal to refocus both the bank's priorities and how it pursues those aims. The new strategy, which would reorganize and harmonize the World Bank's sprawling global operations, offers the first major realignment of the Washington-based development lender in nearly two decades. It also embodies the most significant move yet by Kim, who took over the top job in July 2012, to put his mark on the bank's operations. The strategy will be formally discussed by the bank's Development Committee, made up of 25 foreign and development...
  • Shutdown: US ‘days’ from causing worldwide economic disaster, says World Bank

    10/13/2013 6:49:40 PM PDT · by Olog-hai · 80 replies
    Belfast Telegraph ^ | 13 October 2013 | Kashmira Gander
    The United States is just “days away” from causing a global economic disaster unless politicians devise a plan to raise the nation’s debt limit and avoid defaulting, the president of the World Bank has warned. … “We're now five days away from a very dangerous moment,” Jim Yong Kim said in a briefing on Saturday, then the 11th day of the crisis, following a meeting of the bank’s Development Committee in the US capital Washington DC. …
  • World Bank Whistleblower Karen Hudes Reveals How The Global Elite Rule The World

    10/02/2013 11:47:54 AM PDT · by Texas Fossil · 64 replies
    The Economic Collapse Blog ^ | September 30th, 2013 | Michael Snyder
    Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel. She was in a unique position to see exactly how the global elite rule the world, and the information that she is now revealing to the public is absolutely stunning. According to Hudes, the elite use a very tight core of financial institutions and mega-corporations to dominate the planet. The goal is...
  • Time to stop arguing about climate change, World Bank says

    06/19/2013 6:59:23 AM PDT · by Toddsterpatriot · 51 replies
    Reuters ^ | Jun 19, 2013 | Nina Chestney
    LONDON, June 19 (Reuters) - The world should stop arguing about whether humans are causing climate change and start taking action to stop dangerous temperature rises, the president of the World Bank said on Wednesday. Kim Jim Yong Kim said there was 97 to 98 percent agreement among scientists that global warming was real and caused by human activity. "If you disagree with the science of human-caused climate change you are not disagreeing that there is anthropogenic climate change. What you are disagreeing with is science itself," Kim told a Thomson Reuters newsmaker event in London.
  • World Bank Insider Blows Whistle on Corruption, Federal Reserve

    05/27/2013 2:14:57 PM PDT · by lula · 23 replies
    The New American ^ | 22 May 2013 | Alex Newman
    A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is...
  • Gold backwardization - so what?

    05/26/2013 1:48:13 AM PDT · by djf · 16 replies
    Some gal on the radio is talking about permanent gold backwardization. I know the gist of things means that the futures price is lower than the spot price, but what does this whole thing mean exactly? She says trade would just stop. Why would that be? Anyone know about this? Does it mean the quoted spot price is basically meaningless?
  • Corporate Takeover

    03/29/2013 12:21:33 PM PDT · by Marine Sentinel · 9 replies
    The Marine Sentinel ^ | 03/29/2013 | Marine Sentinel
    Patriots the darkness is falling and shadows no more, the darkness of betrayal descends evermore like a suffocating cloak. I really think all Patriots and America need to wake up to the fact of these things I’m about to share which are 100% truth. The separation of the wheat from the chaff is soon to come. I put together a timeline of facts that most will deny but in the end will realize their foolish rebuttals. It all started back in good ole’ 1871 when the post civil war emergency caused the Government to create a corporation called these United...
  • Who Runs The World? Solid Proof That A Core Group Of Wealthy Elitists Is Pulling The Strings

    01/31/2013 9:35:54 AM PST · by B4Ranch · 128 replies ^ | January 31, 2013 | Michael Synder
    Does a shadowy group of obscenely wealthy elitists control the world? Do men and women with enormous amounts of money really run the world from behind the scenes? The answer might surprise you. Most of us tend to think of money as a convenient way to conduct transactions, but the truth is that it also represents power and control. And today we live in a neo-fuedalist system in which the super rich pull all the strings. When I am talking about the ultra-wealthy, I am not just talking about people that have a few million dollars. As you will see...
  • World Bank Calls Palestinian Authority "Unsustainable"

    07/25/2012 2:45:47 PM PDT · by Eleutheria5 · 10 replies
    Arutz Sheva ^ | 25/7/12
    The World Bank released a report...calling the Palestinian Authority "unsustainable" in terms of economy. The report said that the PA relies too much on foreign donations as opposed to creating a viable private sector. It also said the PA was not making good use of its land
  • Economic Collapse and Political Instability Got You Down?

    06/03/2012 6:21:29 PM PDT · by Lowell1775 · 21 replies
    Open Source Survival site ^ | June 3, 2012 | Ronin Gael
    The drumbeat quickens. Economic titans from Robert Zoellick, head of the World Bank, to George Soros….the beast that broke the Bank of England…..are saying the run through 2012 will be a repeat of 2008 only much worse. I won’t repeat what got us here. The history and the how are available on both this website and hundreds of others. Whether the working of a divine plan or the mere machinations of evil men, the world’s economic order is about to fold. We are in the mother of all bubbles. It is a toxic mix of fiat currency, inflated asset values,...
  • 'Beware a rerun of the Great Panic of 2008': Head of World Bank warns Europe is heading...

    06/01/2012 7:53:15 PM PDT · by TigerLikesRooster · 54 replies
    Daily Mail ^ | 06/01/12 | Hugo Duncan
    'Beware a rerun of the Great Panic of 2008': Head of World Bank warns Europe is heading for 'danger zone' as world markets suffer bleakest day of the year so far Robert Zoellick: 'Far from clear leaders ready for impending catastrophe' Raft of dismal news from around world wreaked havoc on market Manufacturing output crashed in Britain, jobless up in Europe and U.S. Fast-emerging economies such as Brazil and China running out of steam By Hugo Duncan PUBLISHED: 15:49 GMT, 1 June 2012 | UPDATED: 22:52 GMT, 1 June 2012 The head of the World Bank yesterday warned that financial...
  • New Obama Executive Order Pushes Us Closer To A North American Union And A One World Economic System

    05/02/2012 6:44:20 AM PDT · by Whenifhow · 45 replies
    The American Dream ^ | 5.2.12 | Michael Snyder
    When it comes to Barack Obama, one of the most important things to understand is that he is a committed globalist. He firmly believes that more "global governance" (the elite don't like to use the term "global government") will make the world a much better place. Throughout his time in the White House, Obama has consistently sought to strengthen international institutions such as the UN, the IMF, the World Bank and the WTO. At every turn, Obama has endeavored to more fully integrate America into the "global community". Since he was elected, Obama has signed a whole host of new...
  • Rubio Praises U.N., World Bank, IMF for Not Asserting ‘Narrow American Interests’

    04/26/2012 11:58:20 AM PDT · by IbJensen · 28 replies
    CNS News ^ | 4/25/2012 | Michael W. Chapman
    Senate Foreign Relations Committee member Sen. Marco Rubio, R-Fla., left, jokes with Sen. Joseph Lieberman, I-Conn., before Rubio spoke about foreign policy at the Brookings Institution, in Washington, Wednesday, April 25, 2012. (AP Photo/Jacquelyn Martin) ( – Sen. Marco Rubio (R-Fla.), who was elected to his first term with help from the Tea Party in 2010 and who is sometimes cited as a potential GOP vice presidential pick, lauded the United Nations, the World Bank, and the International Monetary Fund (IMF) for following their respective visions instead of asserting “narrow American interests” in a speech today on U.S. foreign...
  • Global food prices on the rise again: World Bank

    04/25/2012 9:43:27 AM PDT · by NormsRevenge · 4 replies
    Yahoo ^ | 4/25/12 | Reuters
    WASHINGTON (Reuters) - Global food prices are rising again, pushed higher by costlier oil, strong demand from Asia and bad weather in parts of Europe, South America and the United States, the World Bank said on Wednesday. The latest World Bank food price index showed the cost of food rose 8 percent between December and March. In the previous four months, prices had declined. Even after the latest rise, food prices remain 1 percent below a year ago and 6 percent below the February 2011 historical peak, the World Bank said. "After four months of consecutive price declines, food prices...
  • Obama’s Pick for World Bank Hates Capitalism

    03/29/2012 5:28:31 AM PDT · by SJackson · 8 replies
    FrontPage Magazine ^ | March 29, 2012 | Jacob Laksin
    - FrontPage Magazine - - Obama’s Pick for World Bank Hates CapitalismPosted By Jacob Laksin On March 29, 2012 @ 12:50 am In Daily Mailer,FrontPage | 3 Comments Imagine if President Obama appointed radical Noam Chomsky, who has denounced capitalism as a “murderously destructive catastrophe,” to head up a committee on economic growth. That’s less of a stretch than it may seem, considering Obama’s nominee to head the World Bank, current Dartmouth College President Jim Yong Kim.Kim’s expertise is in health policy, so little is known about his views on economic development, the World Bank’s primary purpose. What is...
  • Obama nominee for World Bank president takes his economic cues from Noam Chomsky

    03/27/2012 2:57:53 PM PDT · by mojito · 13 replies
    American Enterprise Institute ^ | 3/26/2012 | James Pethokoukis
    Some interesting—and by “interesting” I mean “disturbing”—quotes by Jim Yong Kim, President Obama’s nominee to the World Bank (via Marginal Revolution): First, some good words about Cuba and some bad words about economic growth: Jim Yong Kim, Joyce V. Millen, Alec Irwin, and John Gershman, Editors, Dying for Growth: Global Inequality and the Health of the Poor, Common Courage Press: Monroe, Maine, 2000. Introduction: What is Growing? Who is Dying? By Joyce V. Millen, Alec Irwin, and Jim Yong Kim “This book seeks to fill an important gap in knowledge by examining the documentable health effects of economic development policies...
  • Obama's World Bank nominee linked to Soros

    03/24/2012 3:48:54 PM PDT · by lward99 · 14 replies · 5+ views
    Times247 ^ | 3/23/12 | Becket Adams
    The president was joined by [Dartmouth College president and global health expert Jim Yong] Kim, Treasury Secretary Timothy Geithner, and Secretary of State Hillary Clinton, who first recommended that Obama consider Kim for the World Bank post. But the announcement has many scratching their heads. ... The president said Kim, a Korean-born physician and pioneer in the treatment of HIV, AIDS. and tuberculosis, has the breadth of experience on development issues needed to carry out the financial institution’s anti-poverty mission. ... Read more:
  • U.S. picks public health expert for World Bank job

    03/23/2012 7:09:09 AM PDT · by sunmars · 34 replies · 3+ views
    The United States has picked a public health expert of South Korean origin as its candidate for the World Bank presidency, a job emerging market economies are contesting for the first time. President Barack Obama will nominate Jim Yong Kim, president of Dartmouth College in New Hampshire and former director of the Department of HIV/AIDS at the World Health Organization, a senior administration official said on Friday. The White House would make an announcement at 10:00 a.m. EDT (1400 GMT). Angola, Nigeria and South Africa have endorsed the nomination of Nigerian Finance Minister Ngozi Okonjo-Iweala, a respected economist and diplomat,...
  • Pepsi CEO on 'short list' for World Bank boss (Obama nominates another failed CEO alert)

    03/11/2012 7:02:01 PM PDT · by jimbo123 · 17 replies
    TVNZ ^ | 3/8/12 | Reuters
    Former White House adviser Lawrence Summers, diplomat Susan Rice and PepsiCo Inc CEO Indra Nooyi are on a "short list" of possible US candidates to head the World Bank, a person with knowledge of the Obama administration's thinking said today. -snip- Nooyi, the Indian-born chief executive of PepsiCo, has been under pressure from investors for a stagnating stock price. She recently laid out a plan to turn around the company's North American soft drink business and took responsibility for management missteps.
  • Exclusive: Clinton in talks about possible move to World Bank

    02/15/2012 9:30:45 AM PST · by jakerobins · 38 replies
    Secretary of State Hillary Clinton has been in discussions with the White House about leaving her job next year to become head of the World Bank, sources familiar with the discussions said on Thursday. The former first lady and onetime political rival to President Barack Obama quickly became one of the most influential members of his Cabinet after she began her tenure at State in early 2009. She has said publicly she did not plan to stay on at the State Department for more than four years. Associates say Clinton has expressed interest in having the World Bank job should...
  • World Bank's Zoellick to step down in June [Hillary! possible replacement]

    02/15/2012 1:05:34 PM PST · by Hunton Peck · 9 replies
    Reuters ^ | Wed Feb 15, 2012 2:42pm EST | Lesley Wroughton
    World Bank President Robert Zoellick said on Wednesday he will step down in June, raising questions as to whether the United States will for the first time throw open the job it has always claimed as its own. "I'm honored to have led such a world class institution with so many talented and exceptional people," Zoellick said in a statement announcing his plans. Earlier, he had met with the World Bank's 25-member board to inform them of his decision. Speculation has been rife in recent months over who might take the job when Zoellick departs. Possible U.S. candidates include Secretary...
  • World Bank slashes global GDP forecasts, outlook grim

    01/18/2012 6:47:55 AM PST · by SeekAndFind · 4 replies
    BEIJING/WASHINGTON (Reuters) - The World Bank warned developing countries on Wednesday to prepare for the "real" risk that an escalation in the euro area debt crisis could tip the world into a slump on a par with the global downturn in 2008/09. In a report sharply cutting its world economic growth expectations, the World Bank said Europe was probably already in recession. If the euro area debt crisis deepened, global economic forecasts would be significantly lower. "The sovereign debt crisis in the euro zone appears to be contained," Justin Lin, the chief economist for the World Bank, told reporters in...
  • World Bank Economist Blames America For Its Wealth

    01/05/2012 5:26:13 PM PST · by Kaslin · 15 replies
    IBD Editorials ^ | January 5, 2012 | Editor
    Wealth: A World Bank economist is trying to shame the U.S. for being home to one half of the world's richest people, the so-called 1%. In reality, it's the world that should be red-faced for not creating wealth as America does. Bank chief economist Branko Milanovic has come out with a book called "The Haves and the Have Nots," whose purpose seems to be to argue there's something wrong about America having an outsized concentration of the world's wealth. Implied in the argument is that America's wealth comes at someone else's expense, and the solution is to have a bureaucracy...
  • Pope Benedict Calls For “Central World Bank” … Only He Didn’t. Here’s Why.

    10/24/2011 10:01:03 AM PDT · by KOZ. · 51 replies ^ | 10/24/2011 | Thomas Peters
    In a scenario which will surely strike some as deja vu, the liberal jesuit Fr. Tom Reese previewed the contents of the document last week, in much the same way that the liberal jesuit Fr. Charles Curran “previewed” Humanae Vitae for the mainstream media before the document was actually released (the pope overruled Fr. Curran’s claims that the Church would endorse contraception — but the media had already made up its mind and few bothered to actually read what the pope had to say). Here’s Fr. Reese on MSNBC “explaining” the news: Notice that Fr. Reese does NOT correct the...
  • Vatican Calls for 'Central World Bank' to Be Set Up

    10/24/2011 9:35:53 AM PDT · by SeekAndFind · 52 replies
    CNBC ^ | 10/24/2011
    The Vatican called on Monday for the establishment of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. A major document from the Vatican's Justice and Peace department should be music to the ears of the "Occupy Wall Street" demonstrators and similar movements around the world who have protested against the economic downturn. The 18-page document, "Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority," was at times very specific, calling, for example, for taxation measures...
  • $1 billion slated for Central America’s drug war (funded by you, the American taxpayer)

    06/25/2011 6:32:22 PM PDT · by rabscuttle385 · 22 replies
    AFP ^ | 2011-06-24
    U.S. Secretary of State Hillary Clinton, Costa Rica’s President Laura Chinchilla and other leaders met in Guatemala City to discuss how to better fight crime and narco-trafficking in the region. GUATEMALA CITY – The World Bank unveiled Wednesday a billion-dollar bid to support security measures in Central America, as the United States and Inter-American Development Bank (IDB) upped their funding in the region as well. The new funds come amid an upsurge in drug-related killings in Central America, a region the United Nations says is now the world’s most violent area outside of war zones. Costa Rican President Laura Chinchilla...
  • Afghanistan Facing Insolvency Within A Month, Say Officials

    06/17/2011 11:03:52 AM PDT · by Steelfish · 16 replies
    Guardian (UK) ^ | June 17, 2011 | on Boone
    Afghanistan Facing Insolvency Within A Month, Say Officials IMF rejection of proposals over Kabul Bank crisis, $820m bailout debts and suspension of aid leaves country in deepening crisis Jon Boone 17 June 2011 Afghanistan is facing a deepening financial crisis after the IMF rejected proposals to resolve the Kabul Bank scandal. The Afghan government will struggle to pay its bills "within a month" after the International Monetary Fund rejected proposals for resolving the Kabul Bank scandal, western officials have warned. Although the war-torn country's biggest bank nearly collapsed last September, the government of Hamid Karzai and the international community are...
  • The Global Order Fractures As American Power Declines

    06/15/2011 11:17:40 AM PDT · by SatinDoll · 8 replies
    The Financial Times ^ | June 14, 2011 | Alan Beattie
    Harold Macmillan, the prime minister who watched US power rise as the British empire crumbled, used to say that Britain would play ancient Greece to America’s Rome. These days it looks as if Rome is declining too. The US finds it increasingly hard to drive forward its vision of international trade and economics over the objections of big emerging-market countries.
  • FLASH: U.S. Secretary of State Hillary Clinton seeking World Bank presidency, sources say

    06/09/2011 2:33:09 PM PDT · by sunmars · 85 replies
    Details still coming, just flashed....but if true, she will be running in 2016, you can guarantee it.
  • Hillary Clinton interested in becoming head of World Bank?

    06/09/2011 3:25:09 PM PDT · by markomalley · 36 replies
    US Secretary of State Hillary Clinton has been in discussions with the White House about leaving her job next year to become head of the World Bank, sources familiar with the discussions said on Thursday. The former first lady and one-time political rival to President Barack Obama quickly became one of the most influential members of his cabinet after she began her tenure at State in early 2009. She has said publicly she did not plan to stay on at the State Department for more than four years. Associates in the USA say Mrs Clinton has expressed interest in having...