Reviews of the latest financial news

This page hasn't been updated for a while, so I thought I would just share a few interesting stories that I've read recently:

1) Paul Wolfowitz's scandal (World Bank)
It was a headline-capturing piece of news: the World Bank's chief apparently promoted his alleged lover to an executive post, paying her more than USD 200k/annum for working at World Bank. Now, if this is happening in Indonesia, I'm sure no one would even bat an eyelid, but the irony is that he is thought to be the one fronting the campaign against world corruption & collusion!

Verdict: a 'resignation' looks to be on the card to save the reputation of the World Bank, one of the most highly respected world institutions...

Trivia: Paul had always been a controversial choice for the World Bank chief post, and it again proves President Bush has been as astute in making his choice of key personnel in his administration as deciding the internal and foreign affairs policies

2) to be continued...