January 5, 2011 |
President Obama is expected to name a replacement this week for top economic advisor Lawrence H. Summers, and the top candidates have had ties to the financial industry, which the president has lambasted for its role in precipitating the Great Recession. Summers' last day as director of the National Economic Council was Friday. His deputy, Jason Furman, has taken over the job as the White House finishes a search that began when Summers announced his resignation in September. Candidates to replace Summers include Gene Sperling, a former economic advisor to President Clinton who has done consulting work for investment banker Goldman Sachs Group Inc., and Roger Altman, chairman of investment banking firm Evercore Partners and a deputy Treasury secretary under Clinton.
July 18, 2009 |
President Obama's chief economic advisor, former Treasury Secretary Lawrence H. Summers, defended the administration's massive program for fighting the recession, saying it was on track and beginning to show results despite continuing bad news on unemployment.
April 1, 2007
Re "An occasion for redo economics," Opinion, March 26 It's been said that the Federal Reserve's job is to remove the punchbowl just as the party's getting started, thereby limiting the inevitable hangover that follows rapid economic expansion. But the Alan Greenspan and Ben S. Bernanke regimes not only refilled the punchbowl, they cranked up the music while investors of all stripes danced and asset prices zoomed. Amazingly, Lawrence H. Summers now asks the Fed to go easy, in effect offering a Bloody Mary as dawn approaches.
February 2, 2007
Re "The life science imperative," Opinion, Jan. 29 Although I agree with Lawrence H. Summers' argument, if we're honest with ourselves, we also have to factor into our lead in science and technology in the 20th century that Europe's and Japan's capacities were largely bombed out of existence during World War II. The United States was not a leading place for science before the war. We also have to thank Hitler for unintentionally sending all those...
October 20, 2006 |
Lawrence H. Summers, the former U.S. Treasury secretary who resigned as Harvard University's president this year after clashes with faculty members, will join New York hedge fund firm D.E. Shaw & Co. as a part-time managing director. "Larry is an enormously gifted economist and has made major contributions as a researcher, a public servant and an academic leader," David Shaw, chairman of the $25-billion fund manager, said in a statement Thursday.
February 24, 2006 |
If Harvard University President Lawrence H. Summers was worried about how the undergraduates would greet him Wednesday night at his first scheduled event since announcing his resignation, those fears quickly were put to rest. He got a standing ovation after he walked in. He got a standing ovation before he left. A row of students with red letters painted on their chests spelled out "Larry." Sarah Bahan, 22, was wistful as she left the meeting.