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Latest Lawrence Summers Stories

2010-09-27 13:33:00

Live Q&A Discussion with National Journal's Ron Brownstein WASHINGTON, Sept. 27 /PRNewswire-USNewswire/ -- National Economic Council Director Dr. Larry Summers will be the keynote guest at National Journal LIVE's Workforce of the Future Conference tomorrow, September 28, in Washington, D.C. Dr. Summers will participate in a live question-and-answer discussion with Ron Brownstein, editorial director of National Journal Group. Dr. Summers's keynote discussion will begin at 8 a.m. in...

2009-09-18 16:56:10

White House economic adviser Lawrence Summers told a Washington audience Friday financial recovery includes confronting the moral hazard issue. The concept of a moral hazard involves people not changing their behavior when protected from the consequences of their actions. In the context of financial firms, the term is applied to investors who behave differently knowing the government is there to bail them out of their mistakes. Summers, director of the National Economic Council, told a...

2009-09-14 07:29:43

A historic year on Wall Street has a likely capstone event with Monday's presidential address from the Federal Hall in New York. U.S. President Barack Obama is scheduled to speak at 26 Wall Street Monday at the site of George Washington's inauguration in 1789 and the birthplace of the Bill of Rights. Obama will be charging, it could be said, into the lion's den 364 days after the sudden failure of Lehman Brothers, a collapse that has come to symbolize the catastrophic financial year in which...

2009-07-08 06:46:26

Asian and European markers turned mostly lower Wednesday, following the second sharp fall in U.S. markets in three trading sessions. The Dow Jones industrial average plunged 2.63 percent Thursday before the Independence Day break, made slight gains Monday, up 0.53 percent, then dropped 1.93 percent Tuesday in a session marked mostly by anticipation of a shaky corporate earning season. Underneath it all, a rising tide of unemployment has the attention of investors and bureaucrats who realize...

2009-01-19 13:01:36

A key economic adviser to Barack Obama said the new administration expects U.S. banks to increase lending as a condition for receiving government aid. Speaking on CBS's Face the Nation, Lawrence Summers, the oncoming director of the National Economic Council, said banks using government assistance would be expected to lend above their baseline levels," Financial Times reported Monday. On ABC's This Week program, another Obama adviser, David Axelrod said, we want to see credit flowing again....

2008-11-07 09:05:00

By Kathy Kiely and Martha T. Moore CHICAGO -- Barack Obama will meet today with his team of economic advisers and hold his first news conference as the nation's president-elect. Obama began to assume the burdens and privileges of the presidency Thursday: The Democrat received a classified intelligence briefing, confirmed the appointment of Illinois Rep. Rahm Emanuel as his chief of staff, and returned congratulatory calls from world leaders. Economists said today's meeting of the...

2008-09-10 09:00:14

By Associated Press WASHINGTON -- Amid fresh predictions that the economic slump will continue into next year, Democrats on Tuesday renewed a promise to try to advance a heavy-spending economic stimulus plan before Election Day. The effort, however, is infused with election-year politics and was rejected by the White House, which believes it to be wasteful and unproductive. The still-emerging Democratic plan would pile more than $50 billion worth of new spending on roads, heating...

2008-07-31 15:00:44

To: TRANSPORTATION EDITORS Contact: Laura A. Waters of The Brattle Group, +1-617-864-7900, laura.waters@brattle.com WASHINGTON, July 31 /PRNewswire/ -- Dr. Dorothy Robyn, a principal of The Brattle Group, argued for major changes in the U.S. air traffic control system at a recent forum on infrastructure investment in which former treasury secretaries Robert Rubin and Lawrence Summers also participated. The forum, "Investing in America's Infrastructure: From Bridges to Broadband," was...

2006-07-13 17:02:35

By Svea Herbst-Bayliss BOSTON (Reuters) - Prominent donors have delayed multimillion-dollar gifts to Harvard University since Lawrence Summers resigned as the school's president and a search began for his replacement, people familiar with the matter said on Thursday. Last month, Oracle Corp. chief executive Larry Ellison announced he would not donate $115 million to Harvard because Summers' participation in overseeing how the money would be spent was crucial. The former U.S....


Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
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