11Vote!
The Business Insider (Free subscription) | 11/06/2009
William D. Cohan profiles Larry Summers in the December issue of Vanity Fair and confirms what we've long known: the star economic counselor has been his own worst enemy. The whole thing is worth a read, but here are some highlights: Iris Mack , a former derivatives specialist at the Harvard Management Company (responsible for investing Harvard’s endowment) claims that a betrayal...
3Vote!
University of Alberta Faculty of La (Free subscription) | yesterday
Vanity Fair has an excellent profile of economist, former President of Harvard University, and current head of the White House's National Economic Council. The profile covers his childhood, mariage, education, and, his tenure during the Clinton era. His Harvard presidency is also covered, but the story is more about Summers the person, including his bout with cancer early on. One tidbit I found...
7Vote!
DealBook (Free subscription) | 11/05/2009
Lawrence H. Summers has gained a reputation as a brilliant, yet supercilious, figure throughout his high-profile career, William D. Cohan writes in a profile of the head of the White House National Economic Council for Vanity Fair.
10Vote!
The Big Picture (Free subscription) | 11/03/2009
Last week, PBS “Frontline” produced a story that describes how Bob Rubin, Easy Al, Larry Summers and others prevented Brooksley Born of the CFTC from instituting controls on the OTC derivative market in the late nineties. “I didn’t know Brooksley Born,” says former SEC Chairman Arthur Levitt, a member of President Clinton’s powerful Working Group on...
7Vote!
EconomicPolicyJournal.com (Free subscription) | 11/02/2009
... business.But White House sources say that she ran afoul of senior White House economics adviser Larry Summers, who claimed he and other senior Obama officials were unaware of how radical the draft Net Neutrality regulations were when they were initially internally circulated to Obama administration officials several weeks ago. "All of sudden Larry is getting calls from CEOs,...
3Vote!
Bryan Appleyard (Free subscription) | 22 hours ago
Great piece by Nick Cohen. He's absolutely right, MP's expenses has become a distraction from proper City regulation. I presume health reform is distracting the Americans from the same goal. Nick rightly mentions Larry Summers as one of the Americans standing in the way of bank reform. It is worth noting something Summers said in 1991:'Spread the truth - the laws of economics are...
5Vote!
SWAC Girl (Free subscription) | 11/06/2009
... unemployment number will stay high for a while. On January 18, 2009, Obama's top economics advisor Larry Summers said Barack Obama's stimulus plan would keep unemployment below 10% and could be deemed to have failed if it crossed 10%. On July 17, 2009, Larry Summers said , "Both administration and independent forecasts predicted that only a very small part of the...
5Vote!
Stefan Karlsson's blog (Free subscription) | yesterday
... for all practical purposes is a tax increase, something which even Obama's top economic advisor Larry Summers have pointed out . Now I see that Obama's press secretary Robert Gibbs in response to a reporter that had pointed out that the tax on cigarettes had been raised, claimed that the tax is not really a tax because "people make a decision to smoke" . And similarly White...
7Vote!
Red State (Free subscription) | 11/06/2009
... number will stay high for a while. On January 18, 2009, Obama’s top economics advisor Larry Summers said Barack Obama’s stimulus plan would keep unemployment below 10%. On July 17, 2009, Larry Summers said “Both administration and independent forecasts predicted that only a very small part of the total job creation expected from the Recovery Act would...
5Vote!
DealBreaker (Free subscription) | 11/07/2009
$$$ Want a bailout ? There's an app for that. [The Deal] $$$ Stamford police seize $1 million in cash, 37 kilos of cocaine [TA] $$$ Harvard Derivatives Whistleblower: Larry Summers Got Me Fired [BI] $$$ The Reading Habits Of Wall Street CEOs [NYM] $$$ Will an ex-Bear guy win the World Series of Poker? Will Jimmy Cayne be named "Most Improved" at bridge camp? Stay tuned. World...
5Vote!
The Common Room (Free subscription) | 11/07/2009
... unemployment number will stay high for a while. On January 18, 2009, Obama's top economics advisor Larry Summers said Barack Obama's stimulus plan would keep unemployment below 10% and could be deemed to have failed if it crossed 10%. On July 17, 2009, Larry Summers said "Both administration and independent forecasts predicted that only a very small part of the...
6Vote!
Angry Bear (Free subscription) | 11/06/2009
... that. AIG's creditors (e.g., The Great Vampire Squid) were paid in full, because Tim Geithner and Larry Summers want a veto-proof Republican majority by 2012, if not 2010.** Pensioners, otoh, are subject to "moral hazard." Believing their contracts were viable, reasonable, and negotiated by people who were working in the best interest of the firm—that is, people who...
5Vote!
Environmental and Urban Economics (Free subscription) | 11/04/2009
... that by the year 2050, we will be out of party ice." --David Letterman If you are as funny as Larry Summers (and I believe in the 1 factor model of ability (I am kidding)), then please email me your best stuff. I will cite your joke in my new book.
3Vote!
Dogshit, Reloaded (Free subscription) | 11/03/2009
Sorry folks, I’ve been a bit behind the eight-ball the last couple of weeks, owing to some developments which will be announced soon. In the meantime…. perhaps this should have been entitled; “Larry Summers, I want your resignation on my desk by 09:00 tomorrow morning” Give the video a couple of seconds to come up, but [...]
