Dilloduck
05-29-2007, 08:14 PM
Bush to name Zoellick to lead World Bank By JEANNINE AVERSA, AP Economics Writer
13 minutes ago
WASHINGTON - Robert Zoellick, a nimble negotiator who has crisscrossed the globe as President Bush's trade chief and as the country's No. 2 diplomat, is the White House's choice to be the next World Bank president. Bush will announce the decision on Wednesday, according to a senior administration official.
He would succeed Paul Wolfowitz, who is stepping down June 30 after findings by a special bank panel that he broke bank rules when he arranged a hefty compensation package in 2005 for his girlfriend, Shaha Riza, a bank employee.
The controversy led to calls from Europeans, the bank's staff, aid groups, Democratic politicians and others for Wolfowitz to resign from the poverty-fighting institution.
A seasoned veteran of politics both inside the Beltway and on the international stage, Zoellick, 53, has a knack for mastering intricate subject matter and translating it into policies. He is known for pulling facts and figures off the top of his head. He also has a reputation for being a demanding boss.
Bush's selection of Zoellick must be approved by the World Bank's 24-member board.
The White House expects Zoellick to gain the board's acceptance. The senior official, who spoke on condition of anonymity in advance of Bush's announcement, said so far other nations have had a positive reaction.
http://news.yahoo.com/s/ap/20070530/ap_on_go_pr_wh/world_bank_bush
Great---another Tri lateral, CFR member and Bilderberg attendee.
13 minutes ago
WASHINGTON - Robert Zoellick, a nimble negotiator who has crisscrossed the globe as President Bush's trade chief and as the country's No. 2 diplomat, is the White House's choice to be the next World Bank president. Bush will announce the decision on Wednesday, according to a senior administration official.
He would succeed Paul Wolfowitz, who is stepping down June 30 after findings by a special bank panel that he broke bank rules when he arranged a hefty compensation package in 2005 for his girlfriend, Shaha Riza, a bank employee.
The controversy led to calls from Europeans, the bank's staff, aid groups, Democratic politicians and others for Wolfowitz to resign from the poverty-fighting institution.
A seasoned veteran of politics both inside the Beltway and on the international stage, Zoellick, 53, has a knack for mastering intricate subject matter and translating it into policies. He is known for pulling facts and figures off the top of his head. He also has a reputation for being a demanding boss.
Bush's selection of Zoellick must be approved by the World Bank's 24-member board.
The White House expects Zoellick to gain the board's acceptance. The senior official, who spoke on condition of anonymity in advance of Bush's announcement, said so far other nations have had a positive reaction.
http://news.yahoo.com/s/ap/20070530/ap_on_go_pr_wh/world_bank_bush
Great---another Tri lateral, CFR member and Bilderberg attendee.