Word: summersã
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...interest rate exchange rate agreements were not entered into for trading or speculative purposes,” but were rather used to convert variable-rate borrowings to a fixed rate. The Forbes and Bloomberg stories stated that the interest rate swaps dated back to former University President Lawrence H. Summers?? tenure, when Harvard began considering its ambitious Allston campus expansion. With interest rates favorably low and little inflation on the horizon, the University decided to use the swaps to lock in the rates. But instead, interest continued to decline, wreaking havoc on the swaps, which Forbes branded...
...courses were cancelled on the first day of shopping period. “The administration waited a long time to announce that people were leaving,” he said, adding that he knew about many professors’ departures before students did. Due to the cancellation of Summers?? class, “The Contents of Globalization: Issues, Actors, and Decisions,” only one International Trade and Finance class is being offered this term, posing a challenge for some ITF concentrators. The Kennedy School administration has presented a more sanguine view on the situation, stressing...
...nominee for Treasury secretary, Federal Bank of New York President Timothy F. Geithner, who reportedly maintains an excellent relationship with Summers. The position is considered to be a stepping stone to the Federal Reserve chairmanship, which is currently held by Ben S. Bernanke ’75. Richard Zeckhauser, Summers?? close friend and colleague at the Harvard Kennedy School, said that when Bernanke’s term expires in 2010, Obama will likely name Summers to take his place. “I’d be surprised if he weren’t seriously considered...
...Clinton administration.But when post-election rumors that Obama would tap Summers for the post began to fly, it reopened wounds dating back to his turbulent tenure as Harvard’s president.The National Organization for Women and other women’s groups have issued sharply-worded statements opposing Summers?? potential appointment that may have succeeded in knocking him off Obama’s short list, according to The Politico, a Capital Hill newspaper.This round of Summers backlash has focused on his comments at a 2005 conference at the National Bureau of Economic Research, in which he suggested...
...Treasury secretary who possesses the creativity, economic acumen, and leadership experience to propose and effect bold and innovative economic policies that will help the U.S. avoid a deep economic recession.Given the urgent need for a candidate with these strengths, it is disappointing that Eliot University Professor Lawrence H. Summers??one of the leading contenders for the Treasury appointment—is now encountering opposition from some quarters. Contrary to an undeserved reputation stemming from misguided impressions and misleading media reports surrounding his resignation from Harvard’s presidency, Summers is anything but a misogynist or a calculating...