All weekend, drivers who were headed anywhere near the World Bank and International Monetary Fund headquarters found themselves at newly erected concrete barricades. More than one shouted at the police, "Where are the protesters?"
There were none, except for a few people who gathered in such small vigils that they were easy to miss.
The extraordinary security around the Pennsylvania Avenue corridor was due to the so-called "orange alert" that the two institutions have been under since August because of four-year old computer records suggesting that al-Qaeda might be targeting them. Their annual meetings are the last major events before the election, and the Bush administration did not want to see a terrorist attack -- or protests -- disrupt the proceedings of institutions whose proclaimed missions are to keep the world's financial system on course and help poor countries catch up with rich ones.
But for once the action was inside, where the world's financial leaders tackled the urgent issues of forgiving the debts of impoverished nations, managing the effects on development of rising oil prices and considering how to get rich countries as well as poor ones to address their economic problems and make painful changes.
Overall there was a strong sense of historic transition. China was invited to dine with the Group of 7 major industrial nations, an event that was seen as the first step toward admission to that elite club and a belated acknowledgment of China's huge role in the world economy.
At the same time, the World Bank's leader, James Wolfensohn, was presiding over what could be his last annual meeting. His term as president will end in May and it seems unlikely he will be asked to stay, no matter who wins the November election.
With his snowy hair and unrelenting pitch for more money to help the poor, Wolfensohn gave an impressive performance as a lion in winter. He sat alone at his news conferences -- no spokesmen or aides beside him -- and easily answered questions about Ghana's debt, the success of Turkey's economic changes and ways to privatize a country's water system to lower average citizens' costs.
But the fact that the end of Wolfensohn's term is nearing was rarely mentioned. Most of the speakers turned their attention to the fund's new managing director, Rodrigo de Rato, a former Spanish finance minister who made an impressive debut with his straight talk. Possibly because he is the first politician to lead the organization, de Rato stood out at his news conference for his use of the declarative sentence. When asked about a contentious plan to revalue gold and help the poor, he simply said yes, of course it could be done; it had been done before.
He also did not hesitate to take the big rich countries to task as well as the poorer ones.
Above all, he had a noticeable ability to see the bright side of financial life.
He seemed to be following the adage that you catch more flies with honey than with vinegar. China was doing so well that it could change its currency rate. Growth in the US was good enough for it to begin the essential reduction of its deficit. The good news this year included developments in Japan, which now must speed up its banking changes.
"You must take into account that he was head of his party in opposition for almost 20 years," said Ernesto Ekaizer, assistant managing editor of El Pais in Madrid, who was in Washington to cover the meeting. "He is very, very relaxed in almost any situation."
De Rato's qualifications include an impressive reduction of Spain's deficit and a doctoral thesis he wrote about that effort while he was a minister.
The Taiwanese passport ranked 33rd in a global listing of passports by convenience this month, rising three places from last month’s ranking, but matching its position in January last year. The Henley Passport Index, an international ranking of passports by the number of designations its holder can travel to without a visa, showed that the Taiwan passport enables holders to travel to 139 countries and territories without a visa. Singapore’s passport was ranked the most powerful with visa-free access to 192 destinations out of 227, according to the index published on Tuesday by UK-based migration investment consultancy firm Henley and Partners. Japan’s and
NATIONAL SECURITY THREAT: An official said that Guan Guan’s comments had gone beyond the threshold of free speech, as she advocated for the destruction of the ROC China-born media influencer Guan Guan’s (關關) residency permit has been revoked for repeatedly posting pro-China content that threatens national security, the National Immigration Agency said yesterday. Guan Guan has said many controversial things in her videos posted to Douyin (抖音), including “the red flag will soon be painted all over Taiwan” and “Taiwan is an inseparable part of China,” while expressing hope for expedited “reunification.” The agency received multiple reports alleging that Guan Guan had advocated for armed reunification last year. After investigating, the agency last month issued a notice requiring her to appear and account for her actions. Guan Guan appeared as required,
Japan and the Philippines yesterday signed a defense pact that would allow the tax-free provision of ammunition, fuel, food and other necessities when their forces stage joint training to boost deterrence against China’s growing aggression in the region and to bolster their preparation for natural disasters. Japan has faced increasing political, trade and security tensions with China, which was angered by Japanese Prime Minister Sanae Takaichi’s remark that a Chinese attack on Taiwan would be a survival-threatening situation for Japan, triggering a military response. Japan and the Philippines have also had separate territorial conflicts with Beijing in the East and South China
A strong cold air mass is expected to arrive tonight, bringing a change in weather and a drop in temperature, the Central Weather Administration (CWA) said. The coldest time would be early on Thursday morning, with temperatures in some areas dipping as low as 8°C, it said. Daytime highs yesterday were 22°C to 24°C in northern and eastern Taiwan, and about 25°C to 28°C in the central and southern regions, it said. However, nighttime lows would dip to about 15°C to 16°C in central and northern Taiwan as well as the northeast, and 17°C to 19°C elsewhere, it said. Tropical Storm Nokaen, currently
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