Jim Yong Kim, currently head of Dartmouth College in New Hampshire, will take over from Robert Zoellick in July.
Expensive oil has made Russia a big destination for immigrants, too. In 2000 it was only the 17th-biggest remitter in the world—indeed, it was a net receiver. But by 2010 it was the fourth-largest sender, dispatching nearly $19 billion, mostly to Central Asia. Remittances from Russia are worth more than a fifth of Tajikistan’s economy (see chart).
“In the coming weeks and months, I look forward to headlines about: An infant who has decided to call herself a venture capitalist (VC). A robot that has decided to call itself a VC. A duck that has decided to call itself a VC. An infant robot duck that has decided to call itself a VC.” (via PandoDaily’s Paul Carr)