Lawrence Summers News
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Timothy F. Geithner, who took over the Treasury Department in the midst of the worst financial crisis since the Great Depression and oversaw the almost doubling of U.S. public debt, has done better for investors than Robert Rubin while falling short of Henry Paulson.
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Bank analyst Mike Mayo describes a dust-up with Jamie Dimon of JPMorgan Chase & Co., while a former Federal Reserve Board staffer dissects the central bank’s shoddy monetary data in two of our favorite business books of late.
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The European Central Bank said its voice should be heard when regulators impose liquidity rules on lenders to prevent the measures from having any “potential adverse effects” on its monetary policy.
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U.S. Secretary of State Hillary Clinton and former White House economic adviser Lawrence Summers are two leading candidates to succeed World Bank President Robert Zoellick when he leaves in June, said two people familiar with Obama administration discussions.
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Secretary of State Hillary Clinton and former White House economic adviser Lawrence Summers are two leading candidates to succeed World Bank President Robert Zoellick when he leaves at the end of June, according to two people familiar with Obama administration discussions.
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China called for the next World Bank chief to be picked based on merit, as current President Robert Zoellick plans to vacate the post by tradition held by a U.S. citizen.
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The Obama administration plans to nominate within weeks a candidate to replace World Bank President Robert Zoellick, who says he’ll leave the institution when his five-year term ends June 30.
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The Obama administration plans to nominate within weeks a candidate to replace World Bank President Robert Zoellick, who says he’ll leave the institution when his five-year term ends June 30.
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The U.S. economy has about 10 million fewer jobs than it should and economic output is about $1 trillion below where it ought to be, former Treasury Secretary Lawrence Summers said.
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Former U.S. Treasury Secretary Lawrence Summers said the January jobs report shows the economy is “on the right road” while Glenn Hubbard, an adviser to Republican presidential candidate Mitt Romney, said he’s skeptical about the meaning of the latest numbers.
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