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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

Days before Trump takes office, thousands of protestors march in Washington, D.C.

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Days before Trump takes office, thousands of protestors march in Washington, D.C.


WASHINGTON (AP) — Thousands of people from around the United States rallied in the nation’s capital Saturday for women’s reproductive rights and other causes they believe are under threat from the incoming Trump administration, reprising the original Women’s March days before President-elect Donald Trump’s second inauguration.

READ MORE: Trump arriving in nation’s capital for inaugural celebrations to mark his return to power

Eight years after the first historic Women’s March at the start of Trump’s first term, marchers said they were caught off guard by Trump’s victory and are determined now to show that support remains strong for women’s access to abortion, for transgender people, for combating climate change and other issues.

The march is just one of several protests, rallies and vigils focused on abortion, rights, immigration rights and the Israel-Hamas war planned in advance of inauguration Monday. Around the country, over 350 similar marches are taking place in every state.

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Jill Parrish of Austin, Texas, said she initially bought a plane ticket to Washington for what she expected to be Democratic Vice President Kamala Harris’s inauguration. She wound up changing the dates to march in protest ahead of Trump’s swearing-in instead, saying the world should know that half of U.S. voters didn’t support Trump.

“Most importantly, I’m here to demonstrate my fear, about the state of our democracy,” Parrish said.

Demonstrators staged in squares around Washington ahead of the march, pounding drums and yelling chants under a slate-gray sky and in a chilly wind. Protesters then marched to the Lincoln Memorial for larger rally and fair, where organizations at the local, state and national level will host information tables.

They held signs with slogans including, “Save America” and “Against abortions? Then don’t have one” and “Hate won’t win.”

There were brief moments of tension between protesters and Trump supporters. The march paused briefly when a man in a red Make America Great Again hat and a green camo backpack walked into a line of demonstrators at the front. Police intervened and separated him from the group peacefully as marchers chanted “We won’t take the bait.”

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As the protesters approached the Washington Monument, a small group of men in MAGA hats walking in the opposite direction appeared to draw the attention of a protest leader with a megaphone. The leader veered closer to the group and began chanting “No Trump, no KKK” through the megaphone. The groups were separated by high black fencing and police officers eventually gathered around.

Rick Glatz, of Manchester, New Hampshire, said he came to Washington for the sake of his four granddaughters: ” I’m a grandpa. And that’s why I’m marching.”

Minnesota high school teacher Anna Bergman wore her original pink pussy hat from her time in the 2017 Women’s March, a moment that captured the shock and anger of progressives and moderates at Trump’s first win.

With Trump coming back now, “I just wanted to be surrounded by likeminded people on a day like today,” Bergman said.

Rebranded and reorganized, the rally has a new name — the People’s March — as a means to broaden support, especially during a reflective moment for progressive organizing after Trump’s decisive win in November. The Republican takes the oath of office Monday.

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Women outraged over Trump’s 2016 presidential win flocked to Washington in 2017 and organized large rallies in cities throughout the country, building the base of a grassroots movement that became known as the Women’s March. The Washington rally alone attracted over 500,000 marchers, and millions more participated in local marches around the country, marking one of the largest single-day demonstrations in U.S. history.

This year, the crowd was far fewer than the expected 50,000 participants, already just one-tenth the size of the first march. The demonstration comes amid a restrained moment of reflection as many progressive voters navigate feelings of exhaustion, disappointment and despair after Harris’ loss.

WATCH: Harris loss causes some to question what it will take to elect a woman president

“Before we do anything about democracy, we have to fight our own despair,” said one of the event’s first speakers, Rachel O’Leary Carmona, executive director of Women’s March.

The comparative quiet contrasts sharply with the white-knuckled fury of the inaugural rally as massive crowds shouted demands over megaphones and marched in pink pussyhats in response to Trump’s first election win.

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“The reality is that it’s just hard to capture lightning in a bottle,” said Tamika Middleton, managing director at the Women’s March. “It was a really particular moment. In 2017, we had not seen a Trump presidency and the kind of vitriol that that represented.”

The movement fractured after that hugely successful day of protests over accusations that it was not diverse enough. This year’s rebrand as a People’s March is the result of an overhaul intended to broaden the group’s appeal. Saturday’s demonstration promoted themes related to feminism, racial justice, anti-militarization and other issues and ended with discussions hosted by various social justice organizations.

The People’s March is unusual in the “vast array of issues brought together under one umbrella,” said Jo Reger, a sociology professor who researches social movements at Oakland University in Rochester, Michigan. Women’s suffrage marches, for example, were focused on a specific goal of voting rights.

For a broad-based social justice movement such as the march, conflicting visions are impossible to avoid and there is “immense pressure” for organizers to meet everyone’s needs, Reger said. But she also said some discord isn’t necessarily a bad thing.

“Often what it does is bring change and bring in new perspectives, especially of underrepresented voices,” Reger said.

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Middleton, of the Women’s March, said a massive demonstration like the one in 2017 was not the goal of Saturday’s event. Instead, it’s goal was focusing attention on a broader set of issues — women’s and reproductive rights, LGBTQ rights, immigration, climate and democracy — rather than centering it more narrowly around Trump.

“We’re not thinking about the march as the endgame,” Middleton said. “How do we get those folks who show up into organizations and into their political homes so they can keep fighting in their communities long term?”

Associated Press writers Gary Fields, Ellen Knickmeyer and Mike Pesoli contributed to this report.



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DCA warns flyers to bundle up after heating system outage

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DCA warns flyers to bundle up after heating system outage


The primary heating system at Ronald Reagan Washington National Airport (DCA) has been out since Friday evening, and the airport is warning travelers to bundle up before they arrive.

“We apologize for any discomfort to travelers as we work diligently to return the heat to normal levels,” DCA said on its website.

DCA is still operational, and the broken heating system has not affected flights, TSA or airline operations, or any of the shops and restaurants inside. Temperatures outside in Alexandria hovering around 45 degrees Fahrenheit, and according to a statement from the airport, temperatures inside the building are “generally in the 60s.”

“We are conserving heat in the building and are running alternate heating sources in a few locations,” DCA said in a statement posted to X.

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Airport maintenance crews are working to repair the heating system, and have been since Friday night.



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Thousands to gather in Washington DC to march ahead of Trump inauguration – The Times of India

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Thousands to gather in Washington DC to march ahead of Trump inauguration – The Times of India


Preparation for People’s March

The Women’s March is returning to Washington, DC on Saturday, eight years after its historic first march. The rally, now rebranded as the People’s March, aims to broaden its support and reflect on the state of progressive organising ahead President-elect Donald Trump’s inauguration as President for second time on January 20.
In 2017, the Women’s March attracted over 500,000 marchers in Washington and millions more in cities across the country, marking one of the largest single-day demonstrations in US history.

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The movement was fueled by outrage over Trump’s 2016 presidential win.
This year’s march is expected to be significantly smaller, with attendance estimated at one-tenth of the inaugural rally. The comparative quiet reflects a sense of exhaustion and disappointment among progressive voters following Vice President Kamala Harris’ loss, according to report from Associated Press.
Tamika Middleton, managing director at the Women’s March, acknowledged the challenges of recapturing the energy of the first march, stating, “The reality is that it’s just hard to capture lightning in a bottle. It was a really particular moment. In 2017, we had not seen a Trump presidency and the kind of vitriol that that represented.”
The movement has undergone an overhaul to address accusations of a lack of diversity, resulting in this year’s rebrand as the People’s March. The demonstration will promote themes related to feminism, racial justice, anti-militarization, and other issues, concluding with discussions hosted by various social justice organizations.
Jo Reger, a sociology professor at Oakland University, noted that the People’s March is unusual in the “vast array of issues brought together under one umbrella.” While conflicting visions are inevitable in a broad-based social justice movement, Reger suggested that discord can bring change and new perspectives, particularly from underrepresented voices.
Middleton emphasized that the goal of Saturday’s event is not to recreate the massive demonstration of 2017 but to focus attention on a broader set of issues and encourage participants to continue fighting in their communities long-term.





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