CNN’s Peter Bergen has reported that al-Adel, wanted by the FBI in connection with the 1998 bombings of U.S. Embassies in Tanzania and Kenya, is now the interim leader of al Qaeda, following the death of Osama bin Laden. Noman Benotman, a former militant, told Bergen that Saif al-Adel has been chosen "caretaker" leader. Meanwhile, The News International, a Pakistani newspaper, reported Tuesday that a Yemeni clerk named Muhammad Mustafa Yamni is slated to be the new al Qaeda chief, with al-Adel focusing on operations.
Al-Adel, who is in his early 50s, is among the FBI’s most wanted, with a $5 million bounty on his head. He is an Islamic jihadist who served in the Egyptian special forces. Yamni is living somewhere in Africa, reports said.
The first deputy managing director of the International Monetary Fund has stepped in to run the fund while its director, Dominique Strauss-Kahn, is being held without bail at New York's Rikers Island jail complex on sexual assault charges. Lipsky rejoined the IMF in 2006 after serving as vice chairman of JPMorgan’s Investment Bank. He also served as chief economist at JP Morgan, Chase Manhattan and Salomon Brothers.
Before the scandal, however, Lipsky was slated to leave the IMF. Possible replacements, according to Douglas McIntyre of the blog 24/7 Wall Street, are former Treasury Secretary Henry Paulson, former New Jersey Gov. Jon Corzine, and current Goldman CEO Lloyd Blankfein.
Forty years ago, the former U.S. secretary of state visited Communist China for the first time and brokered the first-ever visit by a U.S. president to the region. Richard Nixon’s visit set off a chain of economic events for China that have turned it into the world’s second greatest global economic power, Kissinger told “Marketplace’s” Kai Ryssdal on Wednesday. Kissinger has a new book called “On China.”
At the time of the U.S. visit, the mission of China’s leader Mao Tse-Tung was that every man in China should have a bicycle, a radio, a wristwatch and a sewing machine. Under the later leadership of Deng Xiaoping, China’s economic growth has increased 10% annually.