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Conley
02-15-2012, 08:46 PM
Robert B. Zoellick will step down as president of the World Bank when his five-year term expires on June 30, the Washington-based institution announced on Wednesday.

In an interview, Mr. Zoellick said that he had no immediate plans for his next career move. He said that he felt most proud of his work to modernize the bank, which focuses on fighting poverty and financing development in emerging countries.

When he first took office in 2007, “there were questions about whether people wanted to be engaged with the bank,” he said. “Now, we find that whether on regular development issues, postconflict states, or climate issues, there is a very strong interest in working with us.”

Mr. Zoellick’s departure seems likely to set off another clash between the advanced economies that traditionally appoint the leaders of the major international financial institutions and the emerging economies that tend to benefit from — and bear the consequences of — those institutions’ policies.

For the last seven decades, since the World Bank’s establishment, the United States has in practice appointed its leader, while Europe picks the head of the International Monetary Fund, the bank’s sister institution.

http://www.nytimes.com/2012/02/16/business/global/world-bank-president-to-step-down.html

It looks like Hillary may not get this job after all. Many other nations are looking to block the next appointment from being an American and open up the selection process. If that happens I wonder if Clinton might want to stay on as SoS. It must be tough on her to keep getting so close to being the president of something and then be suddenly knocked out of contention. :laugh: Ok, that was a bit harsh.

MMC
02-15-2012, 09:15 PM
That dont mean anything. Her hubby gets all that money doled in to his Global Initiative by the Saudi and Sunni. Not to mention if those other banks want some money. Who they gonna call? Thats right.....Uhm Mrs Wanna be President we would like a loan for 380 trillion.....so we can spend more! Pensions, benefits and free rides for Everyone! <<<<<insert Howard Dean Yell!

Conley
02-15-2012, 09:20 PM
:laugh: The Howard Dean Yell is entirely underused in the world of international finance.

MMC
02-15-2012, 09:33 PM
Ya knows maybe if they got rid of all those underwriters and got some Overwriters there might be some transparency or at least readable mistakes. :tongue:

Peter1469
02-15-2012, 09:39 PM
Will Hillary toss her hat in the ring for this job?

Conley
02-15-2012, 09:46 PM
Will Hillary toss her hat in the ring for this job?

MMC is convinced she's the heir apparent.

Peter1469
02-15-2012, 09:53 PM
I wonder what they pay check is.

Conley
02-15-2012, 09:59 PM
I wonder what they pay check is.

I picture it something like this:

http://media.comicbookmovie.com/images/users/uploads/26261/scrooge-mcduck.jpg

MMC
02-15-2012, 10:03 PM
MMC is convinced she's the heir apparent.

Who was that guy that was writing that piece about her getting that spot?

Conley
02-15-2012, 10:05 PM
Here was the first place I saw it - MMC's thread:

http://thepoliticalforums.com/threads/1794-Hillary-Clinton-Wants-To-Quit-Politics-to-Run-World-Bank

MMC
02-15-2012, 10:09 PM
Here was the first place I saw it - MMC's thread:

http://thepoliticalforums.com/threads/1794-Hillary-Clinton-Wants-To-Quit-Politics-to-Run-World-Bank


Thats right a Source close to Clinton told Reuters. Plus another source at Rueters said Obama was giving her the green light.

Guess they were right about that guy stepping down huh, and that Lagarde ended up as Head of the IMF too.

Conley
02-15-2012, 10:14 PM
Yep the first part of their prediction was correct.

MMC
02-15-2012, 10:17 PM
Yep the first part of their prediction was correct.

That and lagarde was given the IMF. Rueters 2 for 3 so far.