Felix Salmon

Who will be the next Treasury secretary?

By Felix Salmon
May 23, 2012

Glenn Somerville has one of the first of what will surely be many articles handicapping possible Treasury secretaries come January. We know we’re going to get a new one, whatever happens — Geithner won’t stay on for a second term.

The problem with Marc Andreessen

By Felix Salmon
April 26, 2012

2005-new.jpg It’s easy to see why Marc Andreessen is grinning on the front cover of Wired magazine this month. Inside, there’s an interview where he’s introduced as a “tenacious pioneer”, one of “our biggest heroes”, and someone who was so far ahead of the curve on his “five big ideas” that he had them “before everyone else”.

Summers and Rubin, remorseless deregulators

By Felix Salmon
April 19, 2012

Flicking through the new book by David Rothkopf this afternoon, I found this:

summers.tiff

It’s not entirely clear when exactly this interview took place, although it seems it was before the Obama administration set the ball rolling on what eventually became Dodd-Frank in June 2009.

The immigration-averse USA

By Felix Salmon
April 16, 2012

Ann Lee’s op-ed on the EB-5 visa program, which is designed to give visas to people who invest at least $500,000 in the country and create at least ten jobs, is worth reading in conjunction with the WSJ excerpt from Kip Hawley’s new book, explaining why and how TSA airport security is so broken.

The political calculus of the World Bank contest

By Felix Salmon
April 2, 2012

Mohamed El-Erian comes out in favor of Ngozi Okonjo-Iweala today, while at the same time explaining the fraught international political calculus involved in working out who is going to vote for whom.

Jim Yong Kim and Dartmouth’s culture of sexual assault

By Felix Salmon
March 29, 2012

What is it about the heads of the World Bank and IMF and their relation with sexual politics? Both Paul Wolfowitz and Dominique Strauss-Kahn lost their jobs because of the way that they treated women, while Strauss-Kahn’s predecessor, Rodrigo de Rato, resigned unexpectedly in the midst of what was described as an “acrimonious divorce”. No woman has ever headed the Bank, and Christine Lagarde is the first woman to head the IMF; they’ve historically been men’s clubs, and none the better for it.

Jim Kim!

By Felix Salmon
March 23, 2012

So that was unexpected: the next president of the World Bank is almost certain to be Jim Yong Kim, the co-founder of Partners in Health and the current president of Dartmouth University College.

Larry Summers, the revolving door, and the World Bank

By Felix Salmon
March 23, 2012

Remember Krishnan Guru-Murthy’s interview with Larry Summers in January? He asked about Inside Job‘s allegations that Summers was a clear beneficiary of the revolving door. Now see if you can spot a recurring phrase in Larry’s answer:

The ideal nominee for World Bank president

By Felix Salmon
March 22, 2012

Now things are getting interesting. Lesley Wroughton has the wonderful news: two very highly qualified non-American candidates — Ngozi Okonjo-Iweala and  Jose Antonio Ocampo — are going to be nominated to be president of the World Bank. This really puts the pressure on the White House to knock it out of the park with their nomination, because Ngozi, in particular, is broadly regarded both within and outside the Bank as being pretty much perfect for the job. She’s a whip-smart economist, she’s honest, she’s imaginative, she’s dedicated, she’s expert at navigating the Bank’s labyrinthine bureaucracy and politics, and she’s passionate about the way that the Bank can really make the world a better place.