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Mr. Banga Goes To Washington

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Mr. Banga Goes To Washington


Ajay Banga, the 63-year-old former CEO of Mastercard, went to Washington D.C. this week to proceed his marketing campaign to develop into the following president of the World Financial institution. Because the Biden administration’s nominee, Banga had spent the previous few weeks on a four-continent “listening tour,” which noticed him clock over 39,000 miles and conferences with 37 completely different governments to construct assist for his candidacy.

Maybe he ought to have stayed at house since he has emerged as the only real nominee and is prone to obtain the World Financial institution membership’s endorsement to succeed David Malpass as president within the subsequent few weeks. Within the context of at present’s messy geopolitics, how ought to we view Banga’s putative appointment, and what does it imply for the way forward for the World Financial institution?

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As a begin, the anachronistic “gents’s settlement” cast a long time in the past between Europe and America on who ought to run the World Financial institution and IMF has held. Though Banga was born and raised in India, he’s an American citizen and subsequently eligible to be nominated and appointed to run the Financial institution.

Throughout the road on Washington D.C.’s nineteenth Road, solely Europeans have ever held the reins on the IMF. There was a time when rising markets and growing nations railed in opposition to the U.S.-Europe compact, however have persistently didn’t unite and rally behind a rival candidate. The Individuals and Europeans might fairly make the argument that rising market candidates, or at the least these born in a single, fill the higher echelons of multilateral financial establishments.

Moreover Banga, this listing consists of Gita Gopinath, the IMF’s First Deputy Managing Director (India), Ngozi Okonjo-Iweala, the WTO’s Director Normal (Nigeria), Ilan Goldfajn, President of the Inter-American Improvement Financial institution (Brazil), and Mari Pangestu, the World Financial institution Managing Director who will quickly report back to Banga (Indonesia). It is a refreshing change in contrast with with even a decade in the past.

The elephant within the room for Banga’s appointment is, after all, China, which had earlier indicated that it was “open to supporting” different candidates based mostly on benefit. Since none has emerged, Beijing has a alternative of both going together with the doubtless world consensus (to nominate Banga) or to make a large fuss in regards to the inequities of the present system (and abstain). China additionally occurs to be a serious borrower of the World Financial institution, a persistent supply of anger in successive U.S. administrations, and it’s prone to pragmatically stability this consideration when the Govt Board meets to verify the appointment.

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Whereas the World Financial institution’s faces profound challenges in realigning its mission and mandate to take care of challenges like local weather change, messy geopolitics additionally signifies that Banga’s main process might be to stability the calls for of main Western shareholders (for reforming the establishment), and to protect the establishment’s enterprise mannequin, which is closely geared towards financing initiatives in rising and growing nations.

Russia’s invasion of Ukraine has remodeled geopolitics with China, India, and different rising nations breaking away from the Washington-Europe consensus of imposing powerful sanctions in opposition to Russia. How this can play out on the World Financial institution might be fascinating to observe. A fair larger query is whether or not continued U.S.-China tensions will solid a shadow over Banga’s tenure.

In his Washington D.C. public appearances, Banga has not shied away from addressing the powerful points which can quickly fill his inbox. Talking on the Centre for International Improvement (CGD), for instance, he famous that the Financial institution ought to proceed to play a central position in coordinating world improvement insurance policies. Whereas talking in regards to the want for reforms, he’s additionally desperate to protect the financial institution’s financing mannequin of supporting low-income and middle-income nations (the latter listing consists of China, India and Indonesia).

Whereas he acknowledges the pivotal significance of local weather change, Banga framed the problem within the wider context of constructing financial alternative, decreasing inequality, better digitization, and creating jobs. The World Financial institution below his stewardship, he declared, shouldn’t “fail” due to a scarcity of ambition, however ought to fail due to the dearth of execution. That is typical non-public sector CEO speak, and years spent schmoozing world leaders additionally provides Banga a formidable benefit in shaking up the World Financial institution. Just like the IMF, it’s an important however dysfunctional establishment which urgently must be dragged into the tough geopolitical and local weather realities of the twenty first century.



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Washington, D.C

Minnesota Lynx vs Washington Mystics Prediction 7-6-24 Picks | Sports Chat Place

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Minnesota Lynx vs Washington Mystics Prediction 7-6-24 Picks | Sports Chat Place


The Washington Mystics and Minnesota Lynx meet Saturday in WNBA action at the Target Center. Here’s a Minnesota Lynx vs Washington Mystics Prediction. This article will include a Minnesota Lynx vs Washington Mystics Pick.

Washington Mystics Betting Preview

The Washington Mystics look for a win after splitting their last 10 games. The Mystics are 2-9 SU on the road this season. The Washington Mystics are averaging 79.2 points on 42.9 percent shooting and allowing 83.5 points on 45.4 percent shooting. Ariel Atkins is averaging 14.5 points and 3.8 rebounds, while Shakira Austin is averaging 11.7 points and 1 assist. Brittney Sykes is the third double-digit scorer and Stefanie Dolson is grabbing 4.8 rebounds. The Washington Mystics are shooting 37 percent from beyond the arc and 77.3 percent from the free throw line. The Washington Mystics allowing 34.7 percent shooting from deep and are grabbing 31.8 rebounds per game.

Minnesota Lynx Betting Preview

The Minnesota Lynx need a win after losing 3 of their last 4 games. The Minnesota Lynx have won 7 of their last 8 home games. The Minnesota Lynx are averaging 82.5 points on 44.8 percent shooting and allowing 74.6 points on 39.4 percent shooting. Napheesa Collier is averaging 20 points and 10.2 rebounds, while Kayla McBride is averaging 15.7 points and 3.3 rebounds. Alanna Smith is the third double-digit scorer and Courtney Williams is grabbing 4.9 rebounds. The Minnesota Lynx are shooting 39.3 percent from beyond the arc and 78.4 percent from the free throw line. The Minnesota Lynx are allowing 28.3 percent shooting from deep and are grabbing 35.1 rebounds per game.

Minnesota Lynx vs Washington Mystics Injury Report

The Mystics will be without Shakira Austin, Brittney Sykes and Karlie Samuelson. Stefanie Dolson is questionable with an illness. The Lynx will be without Olivia Epoupa, and Napheesa Collier is doubtful with a foot injury.

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Minnesota Lynx vs Washington Mystics Prediction

The Minnesota Lynx have been moneymakers and have the ability to blow the doors off, but they’re also 1-3 ATS and 1-3 SU since winning the commissioners cup. The Washington Mystics have turned their season around over the last few weeks, and they’ve covered 8 of their last 10 games overall and are 8-2 ATS in their last 10 games as an underdog. The Mystics hung around with the Lynx back in May, losing by just 6 points, and it’s fair to say they’re a better team now. I’ll take a stab with the Mystics and the free buckets, even if it may burn me.



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Armed carjacker shot by US Marshals in DC, investigation underway

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Armed carjacker shot by US Marshals in DC, investigation underway


Agents from the Metropolitan Police Department’s Internal Affairs Bureau are investigating a shooting involving U.S. Marshals that took place early Friday in Northwest D.C.

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The incident occurred around 1:15 a.m. 

Deputy U.S. Marshals, according to an MPD report, were parked in separate vehicles in the 2100 block of 11 Street, Northwest, when the suspect exited a vehicle and approached one of the Marshals, pointing a handgun in an apparent carjacking attempt. 

The Marshal responded by drawing his service weapon and firing several shots at the suspect. A second Marshal from another vehicle also fired his service weapon, the report states. 

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The suspect, identified as 18-year-old Kentrell Flowers of Southeast, was transported to a local hospital with non-life-threatening injuries. 

No law enforcement officers were injured during the incident. 

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Flowers has been arrested and charged with armed carjacking, carrying a pistol without a license, and possession of a large-capacity ammunition feeding device.

A firearm was recovered at the scene.

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The United States Attorney’s Office will independently review the facts and evidence of the case. 

Anyone with information about this case is asked to contact the police at 202-727-9099.



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Friday, the week’s hottest day in D.C., was humid, too

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Friday, the week’s hottest day in D.C., was humid, too


Friday could not be blamed for its searing heat and steamy humidity. After all, it is summertime, it is the District, and this is the hottest month of our hottest season.

Perhaps 100 degrees proved the key figure in any serious discussion of the day’s conditions. In D.C., perhaps one of the more generous ways of responding to Friday’s high temperature of 98 was to note that was not 100.

Even at only 98 degrees, however, Friday was the hottest day here since June 26, when it was 99. It was also 9 degrees hotter than the average high — 89 degrees — for July 5 in the capital.

It is true that the actual temperature did fall a bit short of three digits, a level that generally wins instant acceptance as thermally severe. But the feels-like temperature, also an important characteristic of conditions, cleared that hurdle with ease.

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For a couple of hours Friday afternoon, the heat index reached 108 degrees. It stood at 108 degrees just before 3 p.m. and just before 5 p.m. And when it was not 108 at two other afternoon hours, it fell only a degree below that at 107.

Memories of attending the fireworks in Washington on the Fourth of July, often include recollections of the weather. The Fourth on the Washington Monument grounds has often been a day that is celebrated amid substantial swelter.

But the Fifth, which was Friday, surpassed it in discomfort to become the sultriest day of the week and month thus far.

The high temperature on the Fourth was only 94, warm, certainly, but perhaps not the sort of heat that residents or tourists will incorporate in their tales of enduring the severity of Washington weather.

And the heat index apparently did not reach the three-digit mark Thursday, according to available National Weather Service data.

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So if the Fourth was the day to inspire, perhaps Friday was the time to perspire.

But, it is difficult to conceive of conditions that differ greatly from those of Friday.

It is summer and this is Washington, and we are surrounded, immersed and enveloped in the time and the place — for hotter, or for perhaps slightly less hot.



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