Originally published on Fri March 23, 2012 7:50 pm
Former New Jersey Gov. Jon S. Corzine directly ordered that $200 million from a segregated customer account be transfered to cover a $175 million overdraft in a London account. That's according to a memo (pdf) from the House Committee on Financial Services, which is scheduled to hold a hearing next week about the spectacular collapse of MF Global.
Jim Yong Kim, President Obama's nominee to be the leader of the World Bank, is an unconventional choice. As a global health expert, he's a medical doctor who helped start an international health organization. He currently serves as president of Dartmouth College.
"Despite its name, the World Bank is more than just a bank," Obama told reporters during the White House announcement Friday morning. "It's time for a development professional to lead the world's largest development agency."
Across the country, thousands of people skipped lunch Friday to protest what they see as a threat to religious liberties in the United States.
The protesters' specific complaint was the birth control mandate in the new health care law, but the discontent runs far deeper.
It didn't take much for the Rev. Pat Mahoney, an evangelical minister, to warm up the crowd in Washington. He gazed out at hundreds of people who filled the plaza in front of Kathleen Sebelius' office at the Department of Health and Human Services.