This seems like a huge story to me. The World Bank has been seen by many as a kind of trojan horse. In the guise of helping poor nations, the bank would make the loans conditional on nations opening themselves up to foreign exploitation. The head of the bank, interestingly appointed by the President of the United States, has open to question as well. They have often been people like former Secretaries of Defense without experience in banking or even in helping anyone. Unless this choice is incredibly well disguised, it looks like President Obama is actually nominating someone who could do some good.
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Very interesting move… we shall see how it plays out! So glad it wasn’t frickin Larry Summers!