WORLD BANK = Copinage and corruption ...

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bojourvous5094
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WORLD BANK = Copinage and corruption ...




by bojourvous5094 » 04/04/06, 22:27

What do you think :?: :?: :?:

Mr. Paul Wolfowitz
as the tenth president of the World Bank Group ... since 31 March 2005.
Prior to that, Mr. Wolfowitz was, for 2, the head of the US Department of State's Office of Policy Planning ...
From 2001 to 2005, as Deputy Secretary of Defense under President George W. Bush, Wolfowitz was responsible, among other things, for overseeing the budget process and developing policies to respond to terrorist attacks. of the September 11 2001.
**** Paul Wolfowitz, former 2 number of the Pentagon : Evil:
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"Over the past year, the neo-conservative positions within the administration, which shaped the US response to the September 11 attacks, have been reduced and their influence has weakened." This article refers to the departure of some of the most prominent neoconservative administrators from key positions in shaping policy directions. Some of them left in disgrace, others left their posts for other appointments decided by Bush. The most interesting of these career changes is undoubtedly that of Paul Wolfowitz, Secretary of State for Defense, who was promoted to President of the World Bank for the role he played during the war in Iraq.

From day one, all World Bank vice-presidents, directors, and staff were concerned because of his reputation as a "high priest of hawks" or "volcanoes," nicknames given to Bush's group of political advisers, all closely related to each other, architects of the war in Iraq and ideological driving force behind the decision to invade Iraq. They also wondered about his arrogant way of ignoring all the doubts surrounding this war. They remembered his promising predictions, his predictions that the Iraqis were going to welcome American soldiers as liberators, with open arms, and his flippant rejection of the warnings of Eric Shimseki, a former US chief of staff, who announced that the United States would need to send hundreds of thousands of troops to Iraq (and was forced to resign for daring to give an expert opinion). They remembered very well his statement that "Iraq's oil revenues over the next two to three years would bring 50 to 100 billion, which would reimburse the country's own reconstruction and more." But, to be honest, they all wanted to give him the benefit of the doubt despite the deep case of conscience they are all struggling with: working for a man who is morally and politically responsible for a horrible war who shed the blood of thousands of innocent victims in Iraq.

: Arrow: From now on, the honeymoon seems over. : Arrowd:
Given the cost of the war in Iraq, it is becoming increasingly clear that Wolfowitz's predictions are, at best, a joke bordering on ridicule, or, at worst, pure and simple intentional lies. When the White House economic adviser, Lawrence Lindsay, estimated (in September 2002) the cost of the war in Iraq to the higher amount of $ 00 200 billion, the administration rejected his analysis, "surely very according to her, and dismissed her quickly (another person who lost her job because she had exercised it with a true professional conscience). It now appears that even his numbers were well below reality. According to Joseph Stiglitz, professor at Columbia University and Nobel Prize in Economics, and Linda Blimes, budget expert at Harvard, the war in Iraq is likely to cost more than 2 000 billion. The American Conservative magazine says: "What is certain is that, before he was appointed to the head of the World Bank, someone should have remembered that Paul Wolfowitz foresaw that Iraq would finance the reconstruction operation itself. Normal people, under normal circumstances, would have been fired, but not "Wolfie"!

Nevertheless, even with this dark history in mind, they are afraid that they will have an impact on their ability to meet the needs of their international clients and fulfill their mission of tackling global poverty. , World Bank staff are facing even more immediate concerns. What everyone sees most easily is the growing divide between Wolfowitz and his group of close advisors and the staff as a whole. This problem is manifesting itself at different levels.

In recent months, there has been a massive exodus of high-level talent from the World Bank. The Senior Ethics Officer of the World Bank is gone. Also on the list of departures are the Vice President for East Asia and the Pacific, the Chief Legal Counsel, the Vice President for Environmentally and Socially Sustainable Development, the Director of Human Resources of the Bank, the director of international integrity (who controls internal and external corruption); and the leader of the information solutions group.

Steve Clemons indicates in the Washington Note that: "It looks like Wolfowitz is trying to scare away the most talented teams in the bank, and morale is falling. A lot of quality people are leaving. "

What did Wolfowitz do to trigger this disturbing wave of negative feelings?

He named Kevin kellems, former director of communication and spokesman for Vice President Cheney, the newly created post of director of communications strategy in addition to his position of advisor to the president, thus setting aside the vice president for communication, external affairs and relations with the United Nations of the Bank. While one might wonder about Kellem's professional ability and recall his previous position and the misinformation that emerged from Cheney's office year after year, the first difficulty for World Bank staff stems from the fact that was imposed following a coup by President Wolfowitz.

Wolfowitz, in fact, has imposed a political appointment at the level of the management, something rather rare, especially since the positions of direction are lower in the administrative hierarchy and are traditionally filled following a process of transparent selection and based on merit, not by political choice. : Shock:

Another scandalous example of a presidential coup is the appointment of the Bank's new anti-corruption tsarina, Suzanne Rich Folsom, as the new director of "institutional integrity". That she was catapulted in this way prompted Alison Cave, the courageous and highly respected president of the Bank's Staff Association, to send an open letter of protest to all the staff. Ms. Rich, wife of a powerful Republican leader and powerful Republican lobbyist, was also named in defiance of a transparent and open competition process. It also bears the title of "Adviser to the President". A clear conflict of interest, or there may never be one. : Shock:

Another example is the appointment to the position of advisor to the president of Karl Jackson, a long-time friend of Wolfowitz whom he has worked with at Johns Hopkins University as well as the government, and who apparently managed the portfolio of activities of the International Finance Corporation, the private sector support arm of the Bank.

But perhaps the most shocking example of Wolfowitz's cronyism, and his total lack of consideration of the principles of the institution he has been charged with leading, let alone the obvious manifestations of conflicts of interest, involves the ever more important role given to its chief consultant, Robin Cleveland. Ms. Cleveland left the Bush administration in turbulent circumstances, after her attempt to use her relationship to bring a family member into a large arms company was exposed as she negotiated with her. undertaking a contract on behalf of the United States Government. Nevertheless, even that does not seem to have tarnished his image in the address book of the neo-conservatives, everyone agrees that it is actually Mrs. Cleveland who now heads the World Bank. :!: : Shock:

All these examples only serve to fuel the growing doubts of Bank staff about the management of Wolfowitz. A frame speaks of "absolute effrontery". Another employee of the Bank, former of the house, indicates that "the fight against the generalized poverty is above all a moral cause; if we lose this moral foundation, disregarding transparency, competence and integrity within our institution, there is nothing left. "

Others say he is appointing political mercenaries to positions that should be filled by highly qualified professionals following a competitive and transparent process. World Bank executives see Wolfowitz move away from senior Bank officials and instead rely on a group of political actors, zealots and ideologues. The current confusion and concern of the Bank's staff about the direction of this international institution is most apparent through the results of the survey conducted by the institution itself with its staff, and made public last week. only. To the question: "Do you have a good understanding of the direction in which the administration of the World Bank leads the institution? ", Only 48% of respondents responded favorably, against 67% of positive responses in the previous survey conducted in 2003.

No one today compares Wolfowitz to one of the former presidents of the Bank. Everyone is saying that he is building his support group at the highest levels of the institution, thus confirming their most terrible fears that the Bush administration's agenda will be imposed on development of the world. Meanwhile, the Board of Governors, representing the 184 member countries of the World Bank, remains scandalously silent. What a pity !*
_________
Written by:
Mohamed Hakki. A former staff member of the World Bank. This article was originally published in Al-Ahram.

____________________________________
In case of reproduction of the source:
URL: http://www.cadtm.org
source: www.counterpunch.org, March 3 2006
Translation: Aurélie Vitry (CADTM Orléans)
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by Christophe » 04/04/06, 22:33

No need to go get a neo con to feel the monetary scam that hangs in our face since 20 years ...

https://www.econologie.com/l-escroquerie ... -2706.html

et https://www.econologie.com/fonctionnemen ... -2735.html
Last edited by Christophe the 03 / 04 / 15, 12: 39, 1 edited once.
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Ceiling of debt




by bojourvous5094 » 13/04/06, 02:05

United States above their debt ceiling

The US government is now in a critical situation: the debt ceiling set by Congress is virtually met, and the government will have to stop paying bills unless Congress raises the debt ceiling soon.

Over the last 50 years, the US would have raised the debt ceiling more than 70 times and financial analysts speculate that members of Congress have become experts at postponing this politically despicable task.

Predictions estimate that the national debt will be around 70% of GDP in 2010.

"It's not where we are, it's our trajectory that's the problem" said Douglas Holtz-Eakin, who has just resigned from the Congressional Budget Office, the Congressional Finance Research Office.

"There is no easy way to cut spending, and social programs will cost a fortune, as early as 2020."

"What is scary is that there does not seem to be any way to control the deficit" said Alice Rivlin, founder of the Congressional Budget Office. "Increasing the debt ceiling is a kind of glow that says," We have a real problem! "
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source: http://echo-actu.blogspirit.com/archive ... perat.html
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Bolivia and World Bank




by bojourvous5094 » 13/04/06, 02:14

BOLIVIA WINS ITS POINT

Putting an end to what we called the "Revolt of the water", the Bolivian people have won a historic victory by forcing the American giant Bechtel to drop a $ 50 lawsuit against the people of Cochabamba.

The people of Cochabamba, the Democracy Center in the United States and others began an international campaign for Bechtel to drop the lawsuit. Thousands of letters and e-mails sent to the company, demonstrations outside Bechtel's headquarters in San Fransisco, the occupation of its offices and other brilliant actions. Faced with this determined mobilization, Bechtel, began negotiations to abandon the pursuit and come to a rather symbolic settlement of ... 2 bolivianos, 30 cents!

This victory of the population of Cochabamba on Bechtel constitutes a historical precedent since it is the first time that a company withdraws its pursuit in this kind of file. It should be noted that the World Bank has already handled more than 200 causes like that of Bechtel.
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source: http://www.latribuduverbe.com/archives/ ... tml#004525
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by bojourvous5094 » 16/04/06, 05:11

mechanics of structural adjustment plans

Liberalization of prices

This measure consists of the elimination of subsidies and / or price controls. The impact on real wage levels (whether in the formal or informal sector) is immediate. Deregulation of domestic grain prices and liberalization of food reserves imports are also essential features of this program. European or North American agricultural products receiving subsidies (CAP - Common Agricultural Policy - in the case of the EU) are invading the local market. This reduces the income of local producers or simply leads them to bankruptcy. It is not uncommon to see agricultural surpluses from the North resold in the South as part of a real dumping.

The liberalization program is also affecting the prices of what enters the country and the prices of raw materials. In combination with the devaluation, the measures taken lead to substantial increases in the domestic prices of inputs (fertilizers, herbicides, seeds, equipment, etc.) and tend to have an immediate economic impact on the cost structure in most areas of the economy. the economic activity.
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Deindexation of wages

The IMF imposes the compression of real wages by de-indexing wages and liberalizing the labor market. This requires the elimination of cost-of-living adjustment clauses in collective agreements and attempts to put an end to the legal definition of minimum wages. It is important to point out that while wages are equivalent to 1 / 10e or even 1 / 20e of wages paid in advanced capitalist countries, the structural adjustment program raises the prices of current domestic goods, which are in line with prices in the economies of the developed capitalist countries (and in some cases go beyond them).
____________

Trade liberalization

The elimination of protective tariff barriers is designed to make the national economy more "competitive". In reality, trade liberalization leads to the collapse of industrial production for the domestic market and the disengagement of truly productive capital - the crowding out effect.
____________

Privatization of public enterprises

Privatization program and reform of the banking system, the IMF requires to leave the field open to capital movements. We thus achieve two objectives:

foreign companies can repatriate their profits to the North in foreign currency;
Impunity encourages the "repatriation" to the south of funds deposited in secret accounts, including large amounts of dirty money. Oriented to the inter-bank market, they are then converted into local money for the purchase of state assets and public land that the Bretton Woods institutions sell for privatization.
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Labor market

The IMF and the Bm recommend easing labor market regulations. These institutions explain that institutional rigidities limit the mobility and reallocation of the labor force and are therefore a source of unemployment (Lenain, 1993, 58, Decornoy, 1995, Valier, 1996). The World Bank has devoted, in 1995, the entire World Development Report to the Labor Issue under the title The World of Work in an Economy without Borders (Bm, 1995). This report does not include only nuanced remarks, on the contrary: "The search for greater mobility of workers will often lead to the implementation of measures that will allow the process of job destruction - which will include redundancies in the public sector - to follow his course "(sic!) (Bm, 1995, p. 8).
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Poverty and social safety nets

The Bretton Woods institutions have abandoned the idea of ​​eradicating or reducing poverty in general. It is now about "managing poverty" so that it is "sustainable". At the same time that cuts in social budgets are made, programs targeted at the poorest are defined. This system claims to be more effective but these targeted programs are combined with "cost recovery" and "privatization" of health and education (drugs, medical consultations, school enrollment are paying off).
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Source: http://www.attac.org/planet/doc/doc08.htm
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