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BREAKING: Kim Nominated to World Bank - A Hoax?

Politico has an astounding story up today.

Kim Wolrd Bank.jpg

ABC News and Reuters say the same thing.

According to the NYT, Kim will one of at least three candidates for the poition:

Dr. Kim will not be the only candidate for the World Bank job. On Friday morning, Angola, South Africa and Nigeria put forward the name of Ngozi Okonjo-Iweala, the Nigerian finance minister and former World Bank official.

According to AP, there will possibly be four candidates for the job:

Developing nations are expected to put forward as many as three candidates, including Jose Antonio Ocampo, a Columbia University professor who had been finance minister for Colombia, and Ngozi Okonjo-Iweala, Nigeria’s finance minister…

Kim is expected to travel around the world on a listening tour to rally support for his nomination ahead of the World Bank vote.

Obama picked Kim over several more well-known candidates, including Susan Rice, current U.S. ambassador to the United Nations; Sen. John Kerry, D-Mass.; and Lawrence Summers, Obama’s former director of the National Economic Council.

Others mentioned for the World Bank post included Indra Nooyi, the head of soft drink company PepsiCo, and Laura D’Andrea Tyson, who served in top economic jobs in the Clinton administration.

So I guess that it’s not a hoax. That said, Kim knows as little about finance as he does about running an institution of higher learning.

Addendum: A wag notes that President Obama is trying to make our problem the world’s problem. Another friend opines: “The Peter Principle squared!”

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