Thursday, March 13, 2008

'Barack Obama Requested $1 Million Earmark For Michelle Obama's Employer '

n the list of earmarks requested by Barack (Hope and Change) Obama, $1 Million was requested for the construction of a new hospital pavilion at the University Of Chicago. The request was put in in 2006.

Wednesday, March 12, 2008

Botswana - Oil, oil, oil

Let's talk about Botswana. The habit of bargaining has become so engrained that statements of shortage are quite commonly read as bargaining positions leading to a price hike, rather than that you literally can't have any. But we are now in a time when the reality of growing shortages, and in more than just crude oil, is going to start imposing such a disconcerting awareness.

Saturday, May 19, 2007

Battle Begins

For the next leader of the World Bank:

The search has begun in earnest for a successor to Paul Wolfowitz as head of the World Bank. But every sign is that despite widespread demands for change, the global lending institution's new president will once again be an American.

As the Bank's board met here to set in motion the nominating process, the European Commission in Brussels urged a quick appointment, stressing that the organisation needed "stable and strong political leadership". The White House announced that President Bush would soon name a candidate, to ensure "an orderly transition" that would allow the Bank to refocus on its mission of fighting poverty and promoting development.

Technically Mr Wolfowitz is staying on until the end of June. But so disliked is he among staff that the institution will be leaderless, in effect, until a new president is installed, making the search for a replacement especially urgent.

But there was no indication that demands from aid groups and development specialists for a more open selection process, embracing candidates from all countries, would be met. Instead, as on every occasion since the Bank was set up in 1945, an incoming president will once again be an American citizen, according to unwritten custom chosen by the US government, the largest shareholder in the Bank.


There was a time when finanacial interest was understood to be mightier that the sword - and that time is now.