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Paul Wolfowitz, the former U.S. deputy defense secretary and ex-World Bank president, was named on Monday as new chairman of the board of the U.S.-Taiwan Business Council.

Wolfowitz takes on the new gig in addition to his positions as visiting scholar at the American Enterprise Institute and advisor to the State Department on arms control. Wolfowitz is apparently "well versed in the complexities of the political, trade, and business relationship between the United States and Taiwan."

Good to know that he's versed in the regional complexities of some part of the world.