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Reuters
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May 31, 07 7:37 AM CDT
(Newser) -
Robert Zoellick knows he has his work cut out for him, and he says he will try to "calm the waters" if he is confirmed as World Bank president. "This institution has been through a traumatic period and there is a lot of anxiety, some frustration and anger," says the designated successor to Paul Wolfowitz.
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New York Times
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May 29, 07 5:30 PM CDT
(Newser) -
President Bush will tap former US trade representative Robert Zoellick as the new World Bank prez, sources close to administration said this afternoon. Zoellick, who has spent over 20 years in government, served as deputy secretary of state and the country's top trade official until last year, when he joined Goldman Sachs.
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BBC
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May 28, 07
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Wall Street Journal
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May 24, 07 6:10 AM CDT
(Newser) -
The White House is eying former Senate majority leader Bill Frist to take the World Bank presidency soon to be vacated by Paul Wolfowitz, the Wall Street Journal reports. Also getting a look are Treasury No. 2 Robert Kimmitt, onetime trade representative Robert Zoellick, and Federal Reserve chairman Paul Volcker, star of the UN Oil for Food investigation.
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New York Post
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May 23, 07 3:36 PM CDT
(Newser) -
First the World Bank dumped him, and now Paul Wolfowitz is on the outs with girlfriend Shaha Riza, Page Six reports. "She was furious about the embarrassment," a source tells the Post , which says she resented implications she'd slept her way to the top. What's more, Riza didn't ask for the promotion that set off the scandal, another source said.
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New York Times
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May 18, 07 11:14 AM CDT
(Newser) -
Paul Wolfowitz clung to his job at the World Bank with characteristic tenacity, but friends and colleagues tell the New York Times that his failure there may have been inevitable. He approached the bank position with the same single-mindedness he displayed at the Pentagon, where he was blind to dissenting views and dismissive of naysayers.
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Financial Times (UK)
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May 17, 07 5:59 PM CDT
(Newser) -
Paul Wolfowitz will leave the World Bank on June 30, capping a tumultuous two years for the development institution and its beleaguered president. Wolfowitz's tenure was marked by controversy from day one, when he assumed the office under the cloud of the Iraq war, until today, when a drawn-out ethics scandal finally drove him from office.
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CNN
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May 16, 07 3:55 PM CDT
(Newser) -
Paul Wolfowitz may step down from the World Bank as early as today, CNNMoney reports. Wolfowitz and the World Bank board are still wrangling over the terms of his departure, but early accounts suggest that the beleaguered president would leave voluntarily and the bank would admit some responsibility for the handling of a transfer and hefty raise awarded to Wolfowitz's girlfriend.
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Washington Post
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May 16, 07 6:26 AM CDT
(Newser) -
The White House is looking for an exit srategy for besieged World Bank President Paul Wolfowitz. After months of unwavering support that failed to soften the bank's European partners, the Bush administration has indicated a willingness to replace him if it can be done without firing, the Washington Post reports.
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Washington Post
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May 15, 07 10:27 AM CDT
(Newser) -
Paul Wolfowitz fought back aggressively in a written response to the charges that he mishandled a raise and promotion for his girlfriend, the Washington Post reports. The embattled World Bank president claims the ethics committee forced him to handle the transfer himself because Shaha Riza was "extremely angry and upset," and so "intractable" that members feared a lawsuit.
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Financial Times (UK)
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May 15, 07 6:21 AM CDT
(Newser) -
World Bank President Paul Wolfowitz broke the bank's code of ethics, three bank rules and the terms of his own contract when he ordered pay raises and promotions for his girlfriend, a panel investigating his role concluded. The Financial Times details the withering report, which says Wolfowitz displayed "questionable judgment and a preoccupation with self-interest.”
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Washington Post
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May 12, 07 8:00 AM CDT
(Newser) -
The World Bank executive board plans to force Paul Wolfowitz out of his post as president this week, reports The Washington Post; they're hoping a vote of no-confidence will induce him to resign without having to risk angering the U.S. by firing him.
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Washington Times
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May 10, 07 8:00 AM CDT
(Newser) -
As pressure on Paul Wolfowitz to step down grows, so does the list of possible successors to the scandal-battered World Bank president. The conservative Washington Times focuses on Goldman Sachs executive Robert Zoellick, a former official in both Bush administrations; other names in play include Treasury official Robert Kimmitt and Reagan administration throwback Martin Feldstein.
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New York Times
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May 8, 07 7:00 AM CDT
(Newser) -
European partners in the World Bank have signaled to the White House that they want Paul Wolfowitz to resign, the New York Times reports, and they're willing to let the U.S. appoint his successor to make that happen. After an investigating committee found Wolfowitz guilty of ethical breaches, one European official called his credibility "beyond repair."
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New York Times
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May 7, 07 4:07 PM CDT
(Newser) -
World Bank president Paul Wolfowitz is guilty of a conflict of interest for finagling promotions and raises for his girlfriend, according to a panel of seven bank directors. The result isn't binding and doesn't recommend a punishment, but bank insiders tell the Times that a majority of the 24 board members want Wolfowitz out.
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Associated Press
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May 7, 07 3:30 PM CDT
(Newser) -
A top Paul Wolfowitz ad