Wednesday, March 02, 2005

Bono Bank

A writer from the L.A. Times has suggested that Bono should be the chief of the World Bank. Here's CNN with the story:

On Friday, the Los Angeles Times devoted its lead editorial to the proposition that Bono, the Irish frontman of rock band U2, "should be named the next president of the World Bank." Outgoing World Bank president James Wolfensohn's term ends in May and the United States, which has traditionally reserved the post for an American with experience on Wall Street or in government has said it wants to see a successor named before then.

"Don't be fooled by the wraparound sunglasses and the excess hipness," the Los Angeles Times said. "Bono is deeply versed in the issues afflicting the least-developed nations of the world." A spokeswoman for Bono in Los Angeles and his manager in New York could not be immediately reached for comment. Bono, 44, who appeared at the Grammy awards this month wearing a "Make Poverty History" armband, has been a passionate advocate for Third World debt relief in recent years.

He has also toured Africa with former Treasury Secretary Paul O'Neill and enlisted allies including Microsoft Corp. founder Bill Gates to support development efforts on the continent. Los Angeles Times editorial page Editor Andres Martinez said the suggestion of Bono to head the World Bank was entirely serious, although he said the newspaper was also making an effort to "take chances" and be "less predictable" on its opinion page in recent months. Bono, the rock star and celebrity, Martinez said, might be able to shame the rich nations into meeting their devlopment aid goals, he told Reuters.
I'm all for it.

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