World Bank

James D. Wolfensohn, president of the World Bank, is in support of debt relief for the world's poorest nations.
"There is more than the war on terror," he said. "The imbalance in the world is greater than ever before; it is more obscured and permanent, and that leads to despair, hopelessness, a lack of development."
Britain announced it would pay off 10 percent of the total owed by poor countries to international agencies and challenged other wealthy nations to follow suit.
Debt owed to the I.M.F. could be cut by revaluation of the fund's gold stocks. At the current value of $40 an ounce, the stocks are worth $8.5 billion, but the market price for gold is now over $400 an ounce.
In the United States the average debt load on families and the monthly payments they make on credit charges are often many times higher than the family spends on books or learning materials.
The weakness of this administration coupled with the inadequacy and corruption of the Federal Reserve Bank along with the bizarre behavior of its director have combined to create a vicious and overpowering negative force upon the consumer and upon each household in this country.
The Bush Administration meddles in international affairs while ignoring the citizens of the United States of America.
When will the Bush Administration turn its attention to the needs of Americans? Why do they believe that a strong America – with productive, happy and healthy Americans – is built by weakening us?