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And I also want to take a minute to thank Bob Zoellick once again for all his hard work.
WHITEHOUSE: President Obama Nominates Jim Yong Kim for World Bank President | The White House
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Bob Zoellick, the head of the World Bank, argues that the best way to protect the poor without harming farmers is through conditional cash transfers.
ECONOMIST: Making food cheaper is not impossible
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In February, Bob Zoellick, the current President of the World Bank, announced that he would be stepping down at the end of his term in June.
WHITEHOUSE: President Obama Nominates Jim Yong Kim for World Bank President | The White House
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Last year, World Bank chief Bob Zoellick called for a return to the gold standard, while Chinese officials have been calling on the US to fix its finances so as to correct global imbalances.
FORBES: Central Banks Dump Treasuries As Dollar's Reserve Currency Status Fades
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In John Danforth, a former senator who is now America's ambassador to the United Nations, or in Bob Zoellick, the trade representative, the president could have found someone in the multilateralist Powell mould, had he wanted to do so.
ECONOMIST: The Bush reshuffle
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"I've instructed US trade representative Bob Zoellick to inform European officials in his September meeting that we think these (Airbus) subsidies are unfair and that he should pursue all options to end these subsidies, including bringing a WTO case, if need be, " he said.
BBC: NEWS | Business | Europe and US in aircraft aid row