[Chairman_December_19th_Society]

Post your short news items, issues of interest, links, and so on. All who advance the Cause are welcome.

LET'S ROLL!!!

[Chairman_December_19th_Society]

Hi!

[Roccus]

[stopem]

Good Morning Chair.

"Tony Blair is being considered to head the World Bank after Wolfowitz leaves.

"The president of the Bank comes from the largest shareholder, which is the United States, and members are represented by a Board of Governors. Throughout the year, however, powers are delegated to a board of 24 Executive Directors (ED). The five largest shareholders - the U.S., U.K., France, Germany and Japan - each have an individual ED, and the additional 19 EDs represent the rest of the member states as groups of constituencies. Of these 19, however, China, Russia and Saudi Arabia have opted to be single country constituencies, which means that they each have one representative within the 19 EDs. This decision is based on the fact that these countries have large, influential economies, which requires that their interests be voiced individually rather than diluted within a group. The World Bank gets its funding from rich countries as well as from the issuance of bonds on the world's capital markets"

Wonder why the choice would not be someone from the United States.