The World Bank's executive board has dismissed a [compromise] proposal floated by the Bush administration aimed at delivering the resignation of the institution's embattled president, Paul D. Wolfowitz, according to senior officials at the bank.Good news: it looks like Wolfowitz is toast. It couldn't happen to a nicer guy. Bad news: Can you imagine who Bush is going to nominate as a "screw you" replacement? Doug Feith? Rick Santorum? Monica Goodling?
Wolfowitz, meanwhile, was negotiating an agreement to resign, the Associated Press reported, quoting an official familiar with the talks. The deal would include an acknowledgment by the World Bank that Wolfowitz does not bear sole responsibility for a controversy surrounding a generous pay package for his girlfriend, AP reported.
TAKE YOUR PICK....Is this good news or bad news?