Tag: World Bank

Anti-Capitalist Meetup: Are CIA Mockingbirds Still Nesting in Nicaragua? by Justina

Nicaraguan President Daniel Ortega celebrating Sandinista election victory in 2006 in the Revolutionary Plaza, Managua.

“You could get a journalist cheaper than a good call girl, for a couple hundred dollars a month.” – CIA operative discussing with Philip Graham, editor Washington Post, on the availability and prices of journalists willing to peddle CIA propaganda and cover stories. (from “Katherine The Great,” by Deborah Davis (New York: Sheridan Square Press, 1991)

Thus Davis chronicles the U.S. Central Intelligence Agency’s (CIA) official campaign to turn American newspapers, into conduits for its anti-communist ideology which began after World War II.  It was called “Operation Mockingbird”.   Perhaps the operation would have been more accurately named “Operation Cuckoo” as the cuckoo will lay its egg in another bird’s nest and steal the original. With this propaganda operation and spying operation, the CIA effectively threw objectivity out of the nest of American journalism and put CIA denominated news in its place.  

The CIA was successful in capturing the nests of the biggest newspapers in the U.S., including the the “Washington Post”, the “N.Y. Times” , and the “Los Angeles Times”, among many others.  They all still seem to be on team.  During the years of the Contra war against the lawful Sandinista government in the 1980’s, the CIA employed similar methods here in Nicaragua.  Is it still going on here?

A New Head For The World Bank

Cross posted from The Stars Hollow Gazette

In a surprise announcement President Barack Obama nominated Dartmouth College President Jim Yong Kim to head up the World Bank:

Dr. Kim’s name was not among those widely bandied about since Mr. (Robert B.) Zoellick announced his plans to move on last month. Highly respected among aid experts, Dr. Kim is an anthropologist and a physician who co-founded Partners in Health, a nonprofit that provides health care for the poor, and a former director of the department of H.I.V./AIDS at the World Health Organization. [..]

Dr. Kim, who was awarded a prestigious MacArthur Fellowship in 2003, was born in Seoul, South Korea, in 1959 and moved with his family to the United States when he was 5. He graduated from Brown University in 1982, earned an M.D. from Harvard University in 1991 and received a Ph.D. in anthropology there in 1993.

He was the first Asian-American to head an Ivy League institution when he took the Dartmouth post in 2009.

While working with Partners in Health in Lima, Peru, in the mid-1990s, Dr. Kim helped to develop a treatment program for multidrug-resistant tuberculosis, the first large-scale treatment of that disease in a poor country. Treatment programs for multidrug-resistant tuberculosis are now in place in more than 40 nations, according to Dr. Kim’s biography on Dartmouth’s Web site. He Kim also spearheaded the successful effort to reduce the price of the drugs used to treat this form of tuberculosis.

The United States traditionally selects the head of the World Bank and Europe the leader of its sister institution, the International Monetary Fund, since they were founded during World War II.

Apparently, Dr. Kim was suggested by former President Bill Clinton and Secretary of State Hillary Clinton, who was present with the President and Dr. Kim at the Rose Garden press conference. Though Dr. Kim will certainly be the front runner for the position, he isn’t the only candidate:

Angola, South Africa and Nigeria put forward Ngozi Okonjo-Iweala, the Nigerian finance minister and former World Bank official.

José Antonio Ocampo, the former finance minister of Colombia and a United Nations official, is rumored to be another candidate.

Jeffrey Sachs, the development economist and director of the Earth Institute at Columbia University, has put himself forward for the position.

If there are more than three candidates, the board will announce a “short list” and the new head will be named in time for the April meeting of the World Bank and the International Monetary Fund.

Dr. Kim is an excellent choice with experience in global development and management. He is well known and well liked. We wish him luck.

A New Head For The World Bank

Cross posted from The Stars Hollow Gazette

If there could possibly be a worse choice to head the World Bank when Robert Zoellick’s term expires later this year, I am sure that President Obama would find him or her. The rumors are that the president has decided to leave his “mark” on that banking institution by nominating Larry Summers for the position. Yes, that Larry Summers of the Harvard president of misogyny fame who was chief architect of banking deregulation that led to the repeal of Glass – Stiegel during the Clinton, that begat our current financial crisis. The Larry Summers who dismissed out of hand the suggestion that a bigger stimulus package would do more to boost the economy most likely because it was a woman, Christine Roemer, who proposed it.

And one of the biggest reasons why Larry could be one of the worst choices, as Felix Salmon explains, besides the fact Larry lacks the skills, he isn’t a diplomat:

The only way to be an effective World Bank president is to be an effective diplomat. Like all CEOs, the head of the Bank reports to a board of directors – but at the World Bank, the board of directors meets twice a week. And they’re not friendly hand-picked board members, either – they’re political appointees who fight their geographical corners, who live full-time in Washington, and who work full-time out of offices within the Bank itself. If you want to get anything done at the Bank, you need to persuade the board to leave you alone and not micromanage every decision you make.

You also need to be an almost superhuman manager. The World Bank has more than 10,000 employees from over 160 countries, with offices in more than 100 countries around the world. The range of cultural expectations they bring to their jobs is truly enormous, and the amount of political jostling and mutual incomprehension which results is entirely predictable. In order to manage this rabble, you need a very high level of cultural and interpersonal sensitivity.

And then there’s leadership: “the vision thing”, as Geoge HW Bush would put it, and the ability to get your organization to line up behind how you think the Bank – and, for that matter, the World – should work. Summers is not known for his work on global poverty reduction, and his previous tenure at the World Bank is remembered mainly for the pollution memo – an “ironic” proposal to increase pollution in poor countries, which resulted in the label “perfectly logical but totally insane” being attached to Summers for many years thereafter.

If Obama wants to leave his mark on the World Bank, this will definitely do it but not the way he’d like.

Dear Krugman: Fed’s Doing It’s Job Just Fine

The New York Times op-ed by Paul Krugman Paralysis at the Fed needs a little parsing in terms of what’s really going on, so I thought I’d give it a try. Please excuse my non-status as an economics guru, the fact that I’ve never won a Nobel Prize, and my cynical tendencies. The real story’s out there, it just takes some digging. I’ve done some digging.

In a huge environmental and human rights victory, World Bank to stop giving palm oil loans

The International Finance Corporation (IFC), the private arm of the World Bank, has decided to suspend funding in the palm oil sector, affecting the world’s top producer, Wilmar International, pending a review of internal procedures on environmental and social standards…

A group of 19 environmental groups, plantation smallholders and local organizations representing indigenous people filed in 2007 a complaint to the IFC ombudsman over Wilmar’s business practices in Sumatra and Kalimantan.

Jakarta Post

The destruction of rainforests for palm oil plantations in the world’s tropical regions is one of the biggest environmental problems in the world.  This is a huge step forward, and one of the only bits of encouraging news ever received, for those who know of the destruction of palm oil and work against it.

Go below the fold for more detail and some background info.

The crash of 2008 and the prospects for 2009

Original article, by Nick Beams, via World Socialist Web Site:

Whenever a historical review is made certain years attract attention because of the decisive events with which they are associated. The years 1914, 1929, 1933, 1939 and in more recent times 1956 and 1989 are some that come to mind. The year 2008 is destined to join this group.