Bono has taken himself out of the race. The U2 star we endorsed to lead the World Bank (and whose real name is Paul Hewson) seemed to say "Thanks, but no thanks" on Friday, when he issued a statement endorsing Colin L. Powell for the job. The term of the current bank president, James D. Wolfensohn, expires in May.
Our proposal for Bono to lead the bank created quite a buzz and a measure of credibility once Treasury Secretary John W. Snow spoke highly of the singer's humanitarian work when asked on ABC's "This Week" to reply to our editorial. If the idea resonated, it's because people recognize that the cause of global development -- the fight to curb disease and hunger in Africa and elsewhere -- needs a forceful, charismatic spokesman who can marshal private resources and shame governments into living up to their commitments. And Bono, as anyone who has dealt with him personally knows, understands the issues. We still think he would have been a sound choice to lead the World Bank.
