Joe, we hardly knew ye. (Off The News).
Walking back from the White House recently, TIE was floored when passing the new World Bank offices situated on Pennsylvania Avenue. Prominently featured in the center of the main ground floor window was a large photo poster of none other than Joseph E. Stiglitz. At first TIE thought it was looking at a World Bank "dead or alive" wanted poster. Remember, Joe was the former World Bank chief economist nearly run out of town because of accusations the agency had botched policy during the Asian crisis? He also wrote that the World Bank and IMF were the depository of Harvard's and MIT's weakest graduates.
Lo and behold, the World Bank in its poster was actually promoting its past relationship with Stiglitz, the recipient of the 2001 Nobel Prize for Economics. What's next, Bill Clinton, the new poster boy for Pepperdine University?