House of Paine

stig cryin' wolf

  we have the bushmill choice
 for world bank 
            bow - lady 
and its
 non other then 
that  human por -pin - tine 

the ever so    shameless

  neo-conny vuntz
     
 paul   wolfer-shitz 

--------------------------

ah well 
out goes one  wolf 
         and
    in comes quite another .....

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at any rate
 heres uncle joe stiglitz

(himnself
a  former tip top staffer 
                over at 
          "the ugly american bank 
                   for  third rate  envelopment ")

 who be
    himself's 
                own  choice 
                  for a replacement  head piece  ?

        a well ivy schooled 
                         darkish
                                third worlder  

                    imagine what in the stig mind now

    
                  since its a done deal

            the world banks next glamour gal  
                                           will be
                              grand ma
                                 wolf-pitz 
                         
-----------------------------------------------
p.s.
george sure knows who to tap 
                      talent don't he...

to repeat my favorite 
      george prezly line

" i like making decisions 
            and in this job
 i get to make a lot of em"
                  
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butttt  here's stig...


" James Wolfensohn
 the president of the World Bank
has announced his intention to leave
 the world bank"


 "The World Bank's designation
 as a "bank" understates
its importance and its multifaceted roles
 It does lend
money to countries 
to undertake a variety of projects
 
 

But most importantly 
  the bank  provides 
grants and low-interest
loans to the poorest countries

 particularly for
education and health


 and follows up
  with advice 
to these same countries
          on
development strategies"

 ------------  WB AND IMF 
               the  IMPERIAL 
                     mutt and jeff
                        act
                OR
           applying  the VISE IN  advice  -----------------

 "the WB 
     has often joined 
with the International Monetary Fund 
         (IMF)
 in strong-arming
countries 
into accepting their "advice"

 unless they do
they will not only
 be cut off 
by the IMF and the World Bank
 but also 
by other donors
 and capital markets"


" critics often say
 the advice provided
by the IMF 
and the World Bank 
is misguided"

 "This was
certainly true
 in the 80s and early 90s
 when rightwing
ideology dominated
 producing a one-size-fits-all
prescription entailing 
privatisation
 liberalisation
and price stability
 with
little attention to employment
 equity or the environment"

--- U WRITE

IN THE 80'S AND 90'S
    SO WHATS CHANGED STIG IN THIS NEW MILLENIUM ?-----------------


"The term "bank" is a misnomer 
        while
the World Bank refers
 to its members as "shareholders"
it is hardly a private bank
 The World Bank is a global
public institution"

------------------------------

"  while the G7 countries,
             which
dominate voting at the bank
 all declare their
commitment to  greater democracy
 and better  governance ......"

"there is a yawning gap 
between what they preach 
and what they  practice"

" Indeed, 
the  process 
of choosing these
international institutions' leaders
  makes a mockery
of the G7 commitment to democracy"

" an American 
always  leads the W B
 and a
European  always leads the IMF"

 The US president 
chooses
  the bank's head
 and Europe  collectively
decides on the IMF leader
 with the understanding that
                      the other side 
                 can exercise a  veto
                            but 
                    only if a candidate 
                  is  totally unacceptable."

" Within the US
 all major presidential appointments
             must
be ratified by the Senate
 
 But the presidency of
                    the World Bank 
is a rare presidential plum 
 an appointment 
 not subject
 even to congressional
                      hearings"


"How can advice
 on democratic reforms 
be taken seriously
when the institutions 
that offer it do not subscribe
 to the same standards of openness
 transparency and
                participation 
that they advocate?"



 
" Why is the search process 
going on behind closed doors?

The two names that have been floated
 so far are
particularly disturbing

 To put it bluntly,
consideration 
of the US assistant defence secretary
  fearless fosdick
 Paul Wolfowitz 
and 
 former Hewlett-Packard CEO
Carly  "dick- pants " Fiorina 
has been highly controversial

  -----------------------------------

"here are my  candidates
 
 former Mexican
                president Ernesto Zedillo
               a Yale PhD who now teaches
                               there 


 Arminio Fraga, a Princeton PhD
and former head of Brazil's central bank


 and mustafa  Kemal 
 a former World Bank vice-president 
    and all round pocket thata-turk "


---------------------------------------------
" It is time
 that the G7 countries 
back up their democratic rhetoric
 with action. 

 the lives
and wellbeing of billions 
              in developing countries
depend on a global war on poverty

 Choosing the right
            general in that war
   will not assure victory
                     but  choosing 
                      the wrong one 
                       surely increases 
               the chances of failure  "

-----------------------------------
 

ps
         with the wolf man in 
                     now whats left.......

            " the bank "'s
                          likely lower tier clientele
                                   can but  wail 
and gnash their
              teeth 
 
one wonders
             who  a prez   kerry  might have appointed...?. 
          
 perhaps
  an  andy sax  type

                   a can do  guy
                    able to immediately take 
                                  his ivy tower
                                        snake oil  show 
                            out on the road 
                             to rio 
                                   the congo
                                           and beyond 


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