Larry Summers

Stories 41 - 60 | << Prev   Next >>

Everybody Hates Larry
Everybody Hates Larry
Jun 8, 2009 7:58 AM CDT

Everybody Hates Larry

Presence of divisive Summers cranks up tensions on Obama's economic team

(Newser) - On his 54th birthday, Tim Geithner brought Larry Summers a cake, and the guest of honor ad-libbed some lyrics, bellowing, “for he’s an unpleasant fellow,” rather than “for he’s a jolly good fellow.” In the months since, his colleagues have wondered if he was...

'Quiet Radical' Bernanke Reinvents Fed
'Quiet Radical' Bernanke Reinvents Fed
OPINION
May 28, 2009 8:22 AM CDT

'Quiet Radical' Bernanke Reinvents Fed

Low-key chair deserves chance to stay on, clean up: Ignatius

(Newser) - Barack Obama has a huge decision coming up this summer: whether to reappoint Ben Bernanke as chairman of the Fed or turn to obvious challenger Lawrence Summers. If he’s smart, he’ll stick with the soft-spoken incumbent, writes David Ignatius of the Washington Post. “He has been a...

US May Create Financial Watchdog for Consumers

(Newser) - The Obama administration may create a government agency with sweeping powers to protect consumers who use financial products such as mortgages, mutual funds, and credit cards, reports the Washington Post. Current protections are scattered throughout several agencies. The new plan would corral them under one regulatory commission and create tougher...

Iran Prez: No Talks Without Preconditions
 Iran Prez: 
 No Talks 
 Without 
 Preconditions 
TALK SHOW ROUNDUP
Apr 26, 2009 10:07 AM CDT

Iran Prez: No Talks Without Preconditions

Gibbs: WH 'very serious' about swine flu outbreak; Summers: recession will worsen

(Newser) - Rebuffing President Obama’s call for beginning US-Iranian negotiations without preconditions, Mahmoud Ahmadinejad pushed instead for a “clear-cut framework for talks.” In an interview from Tehran, the Iranian president told ABC’s This Week, “The agenda should be clear,” and complained that Obama didn’t respond...

Shhhh, Don't Wake Up Larry

(Newser) - Larry Summers is no doubt putting in a lot of hours these days as a White House economic guru. Which might explain his ill-timed catnap today, in front of the media in the Roosevelt Room, as President Obama expounded on the dangers of the credit card industry, reports the Chicago ...

White House Targets Credit Card Chicanery

Issuers coming under pressure to halt unfair, misleading practices

(Newser) - The Obama administration is throwing its weight behind congressional efforts to crack down on credit card companies, the Wall Street Journal reports. Lawmakers are pushing legislation to ban practices like arbitrarily raising interest rates on existing balances and the president is expected to take a hard line on the issue...

Summers: End of Cuban Embargo 'Way Down Road'
 Summers: End 
 of Cuban Embargo 
 'Way Down Road' 
TALK SHOW ROUNDUP
Apr 19, 2009 9:42 AM CDT

Summers: End of Cuban Embargo 'Way Down Road'

Economic adviser says Obama acting out of 'morality'

(Newser) - The US trade embargo against Cuba won’t be ending anytime soon, President Obama’s economic adviser insisted today. “That’s way down the road, and it’s going to depend on what Cuba does going forward,” Lawrence Summers told NBC’s Meet the Press, saying Obama’s...

Bernanke's PR Campaign Strips Fed Mystique

Fed chief considering press briefings as part of push for more open central bank

(Newser) - Ben Bernanke is breaking from his predecessors at the Federal Reserve by giving the public a less obstructed view of the Fed's role in the big picture, the Wall Street Journal reports. Bernanke, thrust into the spotlight by the financial crisis, has ditched the man-behind-the-curtain mystique earlier chiefs reveled in...

Economy's 'Free-Fall' Nearly Over: Summers

(Newser) - Top Obama economic adviser Lawrence Summers said today that measures to stabilize the economy will have a discernible effect in the next few months, the Hill reports. Loosening credit and an increased flow of inventory from manufacturers means the sense of “free-fall” will dissipate, though jobless numbers will continue...

$5.2M Wall St. Ties Haunt President's Economic Czar

Is Summers too close to hedge fund pals?

(Newser) - President Obama's chief economic adviser worked as a consultant only one day a week for the DE Shaw & Company hedge fund in New York, which paid him an eye-popping $5.2 million in just two years. Larry Summers was a prized "marquee" consultant who met with clients regularly,...

Summers Reaped Millions From Bailout Recipients

Earned $2.7M in speakers fees last year

(Newser) - Lawrence Summers, President Obama's top economic adviser, received hefty speaking fees last year from Wall Street giants that later got bailout cash, Bloomberg reports. Summers received a total of $2.7 million from firms like Goldman Sachs and Citigroup on top of the $5.2 million salary he got from...

Bank CEOs' Obama Meeting Spurs Talk of Togetherness

(Newser) - CEOs of the nation’s largest banks today assured President Obama they understand their institutions are vital to economic recovery and pledged to do all they can to help the government, Bloomberg reports. Following today’s White House meeting, Wells Fargo’s CEO said “the basic message” of the...

Obama Needs Help Selling Economic Plans

His team lacks common touch

(Newser) - The White House economic team is great on policy, but when it comes to reassuring the public, President Obama is on his own, Peter Nicholas and Peter Wallsten write in the LA Times. "The ability to communicate with average people was not what these people were chosen for,"...

White House Foists Bonus Blame on Dodd
White House Foists Bonus Blame on Dodd
OPINION
Mar 18, 2009 9:31 AM CDT

White House Foists Bonus Blame on Dodd

Guilty Obama officials seek to shift AIG fault, press plays along

(Newser) - The White House is trying to pass the AIG bonus blame to Sen. Chris Dodd, pointing to his hand in an executive-compensation clause inserted into the stimulus bill—and journalists are letting it happen, writes Glenn Greenwald in Salon. Actually, the bonuses were only possible because the Obama administration insisted...

Give Summers' Genius More Leeway
 Give Summers' 
 Genius More Leeway 
OPINION
Mar 16, 2009 3:13 PM CDT

Give Summers' Genius More Leeway

To combat crisis, perhaps Obama's economic genius should be given free reign: Scheiber

(Newser) - The most common worry over Larry Summers’ directorship of President Obama’s economics advisory council has been that his hard-charging intellectual style would alienate politicians the administration needs, writes Noam Scheiber in the New Republic. But considering Summers’ experience as Clinton’s Treasury Secretary, as well as his prescient 1991...

Cheney: Obama Making US Less Safe
 Cheney: Obama 
 Making US Less Safe 
TALK SHOW ROUNDUP
Mar 15, 2009 9:57 AM CDT

Cheney: Obama Making US Less Safe

Former VP slams prez for quashing 'essential' Bush policies

(Newser) - President Obama "is making some choices that will in fact raise the risk to the American people of an attack," former VP Dick Cheney charged today. Appearing relaxed and slimmer on CNN’s State of the Union, Cheney upbraided Obama for revising the Bush administration’s counterterrorism policies,...

Summers: Stimulus Is Starting to Work

(Newser) - Larry Summers sounded a note of cautious optimism today about President Obama's stimulus plan, the Washington Post reports. While it's way too early to assess its "broader economic impact," Obama's chief economic adviser called it "moderately encouraging" that consumer spending appears to be back on track.

Obama's Clinton Retreads Followed Voters Leftward
Obama's Clinton Retreads Followed Voters Leftward
ANALYSIS
Mar 10, 2009 6:00 PM CDT

Obama's Clinton Retreads Followed Voters Leftward

Seemingly centrist appointments have not produced a centrist government, Douthat writes

(Newser) - When Barack Obama announced his Cabinet appointments, conservatives and liberals alike looked at the numerous Clinton veterans and wondered if Obama the president would be much more centrist than Obama the candidate. Now, “Obama is proposing the most thoroughgoing transformation of domestic policy offered by any President since Reagan,...

Obama Team Pushes for Global Stimulus, Euros Resist

Worldwide spending plan has fans in China, detractors in Europe

(Newser) - The Obama administration will press for a global stimulus at next month's G20 conference in London, setting up a possible showdown with European nations wary of further deficits, reports the Wall Street Journal. US officials, supported by Britain and China, say that more public spending is needed to reverse the...

Two Voices, One Economic Plan
 Two Voices, One Economic Plan 
ANALYSIS
Mar 2, 2009 8:20 AM CST

Two Voices, One Economic Plan

Geithner and Summers speak loudly, cohesively, driving Obama's agenda

(Newser) - Among the policymaking din at the White House, the voices of Larry Summers and Tim Geithner have emerged as the loudest—and generally in unison, the Washington Post reports. The duo first teamed up to battle financial crises in Asia and Mexico in the mid-‘90s at the Treasury Department;...

Stories 41 - 60 | << Prev   Next >>