Saturday, April 7, 2012

Obama Trying to Heal World Bank

We would all be better off if he let the debt-enslaving institution of globalists die.

"President of Dartmouth picked to head World Bank" March 24, 2012|By Mary Carmichael

President Obama nominated Jim Yong Kim, the Dartmouth College president and highly respected pioneer in global health, to lead the World Bank on Friday.

Political and public health leaders had widespread praise for the nomination, even as the news left many surprised, especially at Dartmouth. Kim, 52, arrived at Dartmouth less than three years ago amid high hopes and quickly helped the school attain solid financial footing after the economic crisis. But his tenure has been rockier in recent months.

If he is confirmed to head the World Bank, his Dartmouth term would be one of the shortest for an Ivy League president in modern times. Dartmouth’s previous three presidents all served for more than a decade each.

“It’s not clear whether he and Dartmouth were a great match,’’ said David Blanchflower, a Dartmouth professor of economics, adding that the World Bank job seemed like a more natural fit. “The scuttlebutt has been that he was using the school as a steppingstone to something bigger and greater. Maybe this is better for both places.’’

The bank, which provides financial and technical assistance to developing countries, historically has been headed by an American. The bank’s executive board is likely to choose Kim, although some developing nations have thrown their support behind Ngozi Okonjo-Iweala, the Nigerian finance minister, and Jose Antonio Ocampo, former finance minister of Colombia.

“I think in Kim, the US is presenting a really strong candidate - he’s no Larry Summers,’’ said Kevin Gallagher, a Boston University professor of international relations, referring to the sometimes controversial former Harvard University president and Treasury secretary who was a rumored candidate. “Places like the World Bank need to put global health more at the core of what they do.’’

On the other hand, Gallagher said, Kim “has never been an elected official. It’s important to have that legitimacy when you’re moving around with world leaders.’’

Kim, who was in Washington for Obama’s announcement Friday, was born in South Korea but raised largely in the United States. He already has some close connections with powerful leaders, exemplified by his recent visit to the White House for a state dinner honoring the South Korean president.

His resume includes a MacArthur “genius’’ grant, an MD and PhD from Harvard, and a stint directing the World Health Organization’s HIV/AIDS program. He is widely credited with improving the treatment of drug-resistant tuberculosis in developing nations.

“Jim’s appointment to the World Bank is pioneering because of his lifelong commitment to delivering first-class health care to the world’s poor,’’ said Betsy Nabel, president of Brigham and Women’s Hospital, where Kim previously worked. “His demonstrated ability to forge strong teams and create innovative approaches to complex global problems make him an excellent choice for this role.’’

Ophelia Dahl, who along with Kim was one of five cofounders of the aid organization Partners in Health, said Kim frequently spoke of how his mother, a neo-Confucian philosopher, had shaped his tendency “to question assumptions and lift barriers. If someone says something isn’t possible, he says, ‘Tell me why.’ ’’

“He sways and woos people and brings unlikely partners together,’’ she added. “That will be important, because some of these institutions are quite staid in the way they do things.’’

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In January, a student went public with graphic accusations of drunken hazing in a fraternity at Dartmouth. Professors were so horrified by the allegations that within weeks a fourth of the faculty had called on Kim to dissolve single-sex Greek organizations.... 

Related: Kim Can't See Through the Haze

For now, the campus’ administration is basking in the nomination. “Today’s announcement is not only a tremendous honor for Jim personally, it is also a source of great pride for Dartmouth,’’ Steve Mandel, the school’s board chairman, wrote in a campus-wide letter Friday. “The World Bank is one of the most powerful tools the international community has to raise standards of living in some of the poorest countries on our planet, and I cannot think of a more fitting nominee to lead it.’’  

Except they destroy living standards by loaning out money and demanding austerity in return.

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Sorry, but none of that public relations crap called a newspaper article will change what most people on the planet know.  The cat is out of the bag on the globalist crew and the banks they front for, sorry.