Wolfowitz at World Bank to fight "global warming".World Bank World Bank A multilateral development finance agency created by the 1944 Bretton Woods, (New Hampshire) negotiations. It makes loans to developing countries for social overhead capital projects that are guaranteed by the recipient country. See: International Bank for Reconstruction and Development. Commissar Paul Wolfowitz, formerly deputy secretary of defense in the Bush administration, has announced plans to underwrite--with U.S. tax dollars, of course--various Global initiatives to combat the mythical menace of "Global warming." Paul Wolfowitz, appointed by President Bush to head the World Bank The World Bank An international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement.Notes: The World Bank was created at the end of World War II as a result of many European and Asian countries needing financing to fund reconstruction efforts. Created out of the Bretton Woods agreement of 1944, the Bank was successful in providing financing for these devastated countries., "indicated he was prepared to let the bank take a broader role in efforts to tackle climate change," reported Reuters on July 8. In remarks to the press during the G-8 summit in Scotland, Wolfowitz said (as paraphrased by Reuters) that he wants "to help foster discussion among industrialized nations and emerging market countries such as China and India on tackling global warming," as well as to create "a framework for mobilizing investment in clean air technologies by November." "[The World Bank] can hopefully be a mechanism for developing a more fruitful dialogue between Europe and Japan on the one hand, the United States on the other hand, and the third hand," Wolfowitz insisted with more optimism than anatomical precision. "It is an attempt to try and draw people into a technical discussion about modalities about accomplishing some mutually agreed purposes that would both promote sustainable development and promote [a] clean environment." The expression "sustainable development" refers to a UN-system of global environmental regulations based on the world body's mammoth Agenda 21 blueprint. Wolfowitz, a former deputy secretary of defense and co-architect of the disastrous war in Iraq, is now seeking to enlist U.S. taxpayer dollars (our nation foots roughly one-quarter of the bill for the World Bank) to promote the UN's framework for world eco-socialism. |
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