Sunday, March 25, 2012

Obama picks Jim Yong Kim for the role of President of the World Bank

U.S. President Barack Obama has nominated Jim Yong Kim, a Korean-born public health specialist who is now the President of Dartmouth College, for the role of President of the World Bank.
Following the recent announcement by current Bank President Robert Zoellick that he would step down from his role at the end of June, there has been much speculation on who his successor would be.
Questions were also raised about whether a representative of a non-U.S. country could be considered for the role, which has traditionally been held by U.S. citizens only, alongside European occupancy of the Managing Director role at the Bank's sister institution, the International Monetary Fund.

Action packed Malaysian Grand Prix: Alonso the Final winner

Ferrari’s Fernando Alonso won a dramatic Formula One Malaysian Grand Prix on Sunday, giving the Italian team one of its more unlikely victories in its long history.
In a race that was stopped for 51 minutes due to rain, Alonso looked like being overtaken by Sauber’s Sergio Perez until the Mexican driver ran off the track with six laps to go, giving the Ferrari enough of a gap to win.
The Ferrari team had been considered to be in crisis after a poor start to the season, but a superb display of wet—weather driving gave two—time world champion Alonso a memorable victory. Perez’s second place was Sauber’s best—ever race finish.

Worth reading