Bush Nominates "Dow 36000" Glassman to Diplomacy Role
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Bush Nominates "Dow 36000" Glassman to Diplomacy Role

President George W. Bush has nominated conservative commentator and former financial columnist James Glassman, best known for a 1990s book predicting that the Dow would rise past 36,000, as the latest head of America’s public diplomacy efforts.

Paul Holmes

WASHINGTON, D.C.—President George W. Bush has nominated conservative commentator and former financial columnist James Glassman, best known for a 1990s book predicting that the Dow would rise past 36,000, as the latest head of America’s public diplomacy efforts, succeeding Karen Hughes.

Glassman is Bush’s nominee as Undersecretary of State for Public Diplomacy, the White House announced last week. The position, which requires Senate confirmation, is responsible for countering increasingly negative opinions of the United States around the world, and has passed from advertising executive Charlotte Beers to veteran diplomat Margaret Tutweiler to Hughes without any discernible improvement in the country’s image.

Glassman has worked as a columnist for the Washington Post and is the former president of the Atlantic Monthly magazine. He is also a former publisher on the New Republic and a scholar at the American Enterprise Institute, a conservative think tank.

Earlier this year, President Bush named Glassman as chairman of the Broadcasting Board of Governors, a federal agency that oversees government-sponsored international broadcasting activities, including the Voice of America, Alhurra and Radio Free Europe/Radio Liberty.

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