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Wolfowitz nominated to head WB


jackie hayes

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QUOTE(jackie hayes @ Mar 16, 2005 -> 11:26 AM)
The NYT article.  (Need to register, but it's up on most news sites anyway.)

 

Why?  What qualifies him?  Bush is nominating a State/Defense Depts lifer, who isn't very well liked internationally b/c of his role in the Iraq war, to a position concerned with development economics.  I'm just confused on this one.

 

Nothing qualifies him. I could find more qualified bloggers.

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Like the BBC headline

 

"Bush backs US hawk for World Bank"

http://news.bbc.co.uk/2/hi/business/4354839.stm

 

Jeffrey Sachs, a leading development economist, called the nomination "inappropriate".

 

"He is a man without international development experience, without professional qualifications.

 

"He is not a banker or an economist, not a public health specialist, a water management specialist, an agronomist, a climate change specialist.

 

"He is a defence specialist and so if this were the World Defence Council it would make sense," Mr Sachs told journalists in a conference call.

 

:headshake

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I can't say that the recent Bush appointments have made much sense. A guy who is pretty much reviled by a lot of foreign governments to head the world bank probably isn't a good choice - especially without any banking experience. Bono was also being considered though, so it might have been the wrong short list to begin wtih.

 

Coupling that with John Bolton as ambassador to the U.N. who seems one step away from the John Birch Society, just doesn't seem like the best choice either.

 

I'd make pot shots - but its too damn easy.

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Gerhard Schroder also supports the Wolfowitz nomination.

http://news.ft.com/cms/s/1f0b6fe0-9a38-11d...000e2511c8.html

 

I've yet to see anything in Canadian media that's more detailed than what you provided southsider but I'm interested to see if further information will come.

Edited by KipWellsFan
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Well lets not forget the World Bank & the IMF have had pretty horrible track records of late. Maybe inexperience is what's needed.

 

One interesting case is Argentina. After it defaulted it told the IMF essentially F off, we'll pay the debt back in our good time. It then began to raise tariffs & a few other interesting protectionist things. It's experiencing growth again.

All w/out the IMF's help. Part of that growth is coming from China. China's only to eager to invest money in construction of new hotels, plants, etc in all of S America.

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QUOTE(KipWellsFan @ Mar 21, 2005 -> 09:06 PM)
Gerhard Schroder also supports the Wolfowitz nomination.

http://news.ft.com/cms/s/1f0b6fe0-9a38-11d...000e2511c8.html

 

I've yet to see anything in Canadian media that's more detailed than what you provided southsider but I'm interested to see if further information will come.

 

I was pretty shocked to see that honestly. I would be surprised if anyone would say that in public in Canada right now.

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