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Wolves Circle Wolfowitz
Wolves Circle Wolfowitz

Wolves Circle Wolfowitz

Neocon World Bank president says he won't resign

(Newser) - Embattled World Bank president Paul Wolfowitz is hanging tough in the face of a crescendo of calls for his resignation after improperly promoting the interests of his live-in girlfriend. In a weekend of maneuvering, the bank's development committee offered no shelter, issuing a vague but harsh statement that the organization"...

Sweetheart Deal May Sink Wolfowitz
Sweetheart Deal May Sink Wolfowitz

Sweetheart Deal May Sink Wolfowitz

World Bank staff boos his apology for pushing girlfriend's promotion

(Newser) - World Bank president Paul Wolfowitz faced mounting pressure to resign last night as details emerged over his role in ordering a promotion and pay raise for an employee with whom he is romantically involved. Wolfowitz apologized at a press conference and again to a gathering of bank staff members, where...

Wal-Mart Drops Out of Bank Biz
Wal-Mart Drops Out of Bank Biz

Wal-Mart Drops Out of Bank Biz

(Newser) -  Wal-Mart has withdrawn its controversial application for a bank charter, ending a potential foray into the retail bank market. The big-box retailer’s plans to set up its own bank had drawn fire from banking and consumer groups, who feared it would stifle competition. The company, for its part,...

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