As chairman of the Federal Reserve Board during one of the most turbulent periods in U.S. monetary history, Paul Volcker (born 1927) helped lower double-digit inflation rates in the early 1980s and us...
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Documents from the oil-for-food corruption investigation will be legally transferred to the United Nations on Jan. 1 and made available to governments trying to prosecute alleged wrongdoers, the U....
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Former Senate Majority Leader Bill Frist has withdrawn his name from consideration for World Bank president, a person familiar with the situation told The Associated Press on Monday.Frist, a Tennes...
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A British oil trader was arrested Thursday on U.S. charges of paying bribes to Saddam Hussein as part of the discredited U.N. oil-for-food program for Iraq.Metropolitan Police said John Irving, 52,...
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Selected editorial excerpts from the U.S. press:
THE FED AND CHARACTER (The Wall Street Journal, New York)
The Federal Reserve pulled no punches yesterday with its
decision to cut the fe...
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NEW YORK (Reuters) - Texas oilman Oscar Wyatt, who
pleaded guilty to conspiracy in the U.N. oil-for-food scandal,
has not reformed and should receive the maximum prison
sentence, U.S. prosecutors ...
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Six former executives of wheat exporter AWB Ltd. are facing civil trial over millions of dollars in kickbacks to Saddam Hussein's Iraqi regime, the latest round in a scandal surrounding the U.N.'s ...
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Washington (dpa) - The World Bank's top anti-corruption official
is leaving her job to return to the private sector, a spokeswoman
said Wednesday.
Suzanne Ric...
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The United Nations has transferred $161 million from the defunct oil-for-food program to a development program for Iraq, Secretary-General Ban Ki-moon said Monday.In a letter to the Security Counci...
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President Bush wants an American to run the World Bank, the White House said Monday, dismissing speculation that Bush might drop the tradition of having a U.S. citizen lead the poverty-fighting ins...
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Paul Volcker
U.N. to get oil-for-food program files
