Lawrence Summers

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• Great Job, Everyone at Harvard

  
  The Awl — Authority: 781
  Bloomberg presents an extremely comprehensive case for Harvard’s finances having been run by idiots. (You may know this already, but the details are amazing.) Particularly one idiot, Lawrence Summers, who set things in motion as early as 2004, before his sudden departure in 2006; he is now unfortunately the head ...
  1 day ago

• Are the Democrats Fighting the Banks?

  
  War On You: Breaking Alternative News — Authority: 513
  Are the Democrats Fighting the Banks? By Shamus Cooke How pathetic.  President Obama sat at a table surrounded by super rich bankers, pleading with them to lend money to small businesses and workers.   The media mislabeled Obama’s groveling as “encouraging,” “imploring,” and “pressing,” but a man ...
  1 day ago

• Obama vs. the Banks (Why should banks make risky loans when they can exploit the Feds policy?)

  
  Stupidica — Authority: 176
  Why make risky loans when you can exploit the Fed-Treasury interest rate spread? Over the weekend, President Barack Obama went on the offensive against Wall Street for not lending more to Main Street. On CBSs "60 Minutes," the president declared, "I did not run for office to be helping out a bunch of fat cat bankers ...
  2 days ago

• 2010: “The Year of Severe Economic Contraction” By Mike Whitney

  
  Creative-i — Authority: 144
  Upbeat reports in the financial media, belie the effects of the ongoing credit contraction. Massive injections of central bank liquidity have prevented the collapse of financial markets, but have done little to ease the deleveraging of households or stimulate activity the broader economy. The crisis has stripped $13 ...
  2 days ago

• Document Flashback: Larry Summers’ 1991 World Bank Memo

  
  EnviroKnow — Authority: 633
  New York Times in February 1992 : A memo by Lawrence H. Summers, the World Bank’s chief economist, has angered environmentalists by arguing that many developing countries are underpolluted and that dirty industries should be encouraged to move to them. Mr. Summers has said the memo was meant to be sarcastic. “A ...
  3 days ago

• Mission Not Accomplished

  
  Liberty Maven Liberty Maven: For Liberty, One Individual At A Time — Authority: 536
  by Peter Schiff, president of Euro Pacific Capital and author of Crash Proof 2.0: How to Profit from the Economic Collapse Although Barack Obama has refrained, at least for now, from delivering triumphant speeches in a naval flight suit, there is nevertheless a strong tone of accomplishment emanating from the ...
  4 days ago

• The Recession Is Over … Again

  
  FITSNews — Authority: 571
  President Barack Obama’s top economic advisor declared that the U.S. recession was “over” on Sunday, following up a prediction that was made three months ago by Federal Reserve Chairman Ben Bernanke. Lawrence Summers, director of Obama’s National Economic Council, made the pronouncement on this week’s ...
  5 days ago

• Top Obama advisers split on state of economy

  
  American Conservative Daily — Authority: 460
  President Barack Obamas top economic advisers split Sunday on the state of the economy, with one declaring the recession over and the other saying it would not be over until the nations unemployment percentage returned to pre-recession levels. "Today, everybody agrees that the recession is over, and the question is ...
  5 days ago

• Officials Say Jobs Will Grow Next Year, But It Will Be a Long Road Back

  
  Politics Daily — Authority: 784
  Filed under: Mitt Romney , Economy , Obama Administration Top Obama administration economic officials, as well as former Federal Reserve Chairman Alan Greenspan, expressed confidence today that job growth will resume next year, but they cautioned that it will take time until the unemployment rate returns to its ...
  6 days ago

• The Sunday Breakfast Menu, Dec. 13, 2009

  
  The Caucus — Authority: 798
  Equations are all over the menu this Sunday, as the guests argue their competing formulas for whats going to power up the American economy. Add health care, climate, Afghanistan, and, urr, Christmas for the full mathematic function of Sunday television.
  6 days ago

• Congressional Black Caucus Boycott Yields Results: What We Can Learn

  
  Black Entertainment, Money, Style and Beauty Blogs - Black Voices — Authority: 155
  Filed under: Politics , President Obama , Race and Civil Rights They did it. The Congressional Black Caucus raised a little hell and made things happen. By standing together to boycott a key House committee vote and threatening to abandon support for banking regulations, the CBC was able to get $6 ...
  1 week ago

• Keith Wandell Gathers With Washington Elite

  
  Northwest Harley Blog — Authority: 121
  Meetings.  Talking.  Meetings. We’re always being reminded that political leaders, policymakers and industry leaders are “gathering” to hash out ideas on how to get the mojo back and what the key is to unlocking innovations and jobs of the future.  We’re suppose to feel good, but from my vantage there is ...
  1 week ago

• Still Doing God’s Work on Wall Street

  
  Truthdig: Drilling Beneath the Headlines — Authority: 727
  By Robert Scheer Jail, anyone? Perhaps that’s too harsh, and at any rate premature, but is anyone ever going to be held accountable for the behind-the-scenes sweetheart deals that passed tens of billions of taxpayer dollars through the AIG shell game to the very banks that caused the financial meltdown? ...
  3 weeks ago

• Is Washington Completely Out Of Touch With Main Street?

  
  Boom2Bust.com — Authority: 477
  I’ve got an idea the following Huffington Post piece might very well describe how a number of Americans feel right now about our elected officials in Washington. From Post contributor Don McNay last night: Can you hear me calling you? -Mike and The Mechanics Mark Twain said that when he died he wanted to be ...
  3 weeks ago

• Flushing Out Tax Cheats

  
  IRS Tax Problem Solver Blog - IRS Help — Authority: 125
  Tax evaders who use offshore bank accounts to stash their cash mainly use about 90 countries to do so. The most famous one is Switzerland with its famed Swiss bank secrecy laws that have sheltered tax cheats for decades. But with the recent watershed settlement between the IRS and UBS bank of Switzerland that will ...
  3 weeks ago

• Peter DeFazio: Geithner and Summers Should Be Fired

  
  Firedoglake — Authority: 715
  A huge statement tonight – Peter DeFazio, a Democrat from Oregon and one of the chairs of the Populist Caucus in the House, just called for the firing of Timothy Geithner and Larry Summers, saying that Barack Obama’s economic team is failing him. He said that there’s a “growing sense” in the caucus that a ...
  4 weeks ago

• Too Big to Fail Fallout on Capitol Hill

  
  THE ENVIRONMENTALIST — Authority: 111
  by Janet RitzRep. Brad Sherman (D-CA) intends to introduce an amendment to the proposed House Financial Services Committee "Too Big to Fail" bill that will require large banks to fund their own insurance against failure. This came after smaller banks and economists raised concerns that the requirements for the smaller ...
  4 weeks ago

• Who Are You and What Have You Done With the Community Organizer We Elected President?

  
  Truthdig: Drilling Beneath the Headlines — Authority: 727
  By Robert Scheer What’s up with Barack Obama? Finally someone has a good idea about how to deal with Wall Street and the White House condemns it.  READ THE WHOLE ITEM Related Entries November 17, 2009 The Demilitarization of the White House November 17, 2009 Dobbs Blames It on Obama November ...
  4 weeks ago

• Summers, the Chinese and the Deficit

  
  Economix — Authority: 726
  The government has been borrowing more and more recently, but the private sector hasnt been. Maybe that is why interest rates have remained so low.
  4 weeks ago

• How the Democrats might privatize and cut Social Security

  
  SF Gray Panthers — Authority: 128
  After Bush’s 2005 fiasco, Democrats and Republicans will join hands to privatize and cut Social Security, Medicare, and Medicaid in a more subtle way. Don’t let your guard down! Note: This was written in June and July of 2008, before Obama was even a presidential candidate, let alone elected. It was also written ...
  4 weeks ago

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