Word: clinton
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...raising anxiety owing to weakening sales, down 10% for the quarter. In early November, Standard & Poor's lowered its corporate credit rating of Dillard's to B+ from BB-, citing the "deepening spending pull-back by consumers." Adding to the drama, hedge-fund investors Barington Capital Group LP and Clinton Group Inc. called for William Dillard II, the chain's CEO, to step down amid declining revenue and a stock price that has lost more than 70% of its value. The good news: "They aren't leveraged like other stores are," says Beemer. "But if you look at mall-based...
...choosing Geithner and Summers, Obama has tapped two of his party's brightest economic lights. Summers, who became president of Harvard after leaving his job in the Clinton Cabinet, is the economic leader of his generation, but he sometimes plays poorly in the public spotlight. Geithner, a Summers protégé, is smoother and more politically deft, able to work both for the Clinton team and alongside the Bush Administration. Summers, working from the White House, will most likely have Obama's ear, but it will be Geithner's job to speak to the markets, much as a horse...
...University President Lawrence H. Summers director of the National Economic Council—essentially the president’s senior economic advisor—according to news reports this weekend. Once a top contender to be Obama’s Treasury secretary, Summers, who led the Treasury under President Clinton from 1999 to 2001, will be advising the president on both domestic and foreign economic policy. He will likely be working closely with Obama’s nominee for Treasury secretary, Federal Bank of New York President Timothy F. Geithner, who reportedly maintains an excellent relationship with Summers. The position...
...remember his promise of a new and improved Presidency. Yet, as Obama begins the vetting process for cabinet-level and advisory posts, many Americans have decried his focus on Washington insiders. Such critics claim that, by hearkening back to people who held positions in the Bush and Clinton administrations, Obama is abandoning his entire platform of change. What this argument fails to address, however, is that even those experienced politicians whose names may be familiar can still produce profound change—whether it be through the generation of new ideas, or merely that existing ideas are received by fresh...
There were obvious reasons for the Obamas to pick Sidwell Friends for their daughters Sasha and Malia. As the school that educated Chelsea Clinton, Al Gore III and the Nixon girls, it understands the unique personal and security needs of prominent children. It provides a first-rate education on two well-equipped campuses. Nearly 4 in 10 students are children of color. But the choice makes sense at a philosophical level as well, because of how Quakers view the challenge of shaping children into socially responsible and spiritually aware adults...