Lawrence Summers
Lawrence Summers
Lawrence Henry "Larry" Summersis an American economist who is President Emeritus and Charles W. Eliot University Professor of Harvard University...
NationalityAmerican
ProfessionPolitician
Date of Birth30 November 1954
CountryUnited States of America
I've always thought that underpopulated countries in Africa are vastly underpolluted.
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Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us.
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What we must not do is attack the IRS in order to promote other agendas,
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Our national savings rate is still far too low, driven by a personal savings rate that is not where it should be,
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I think the approach we have taken in the administration, of focusing our energies and concerns on the fundamentals and working to strengthen those fundamentals, has been the prudent approach rather than focusing on the stock market,
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Growing demand and growing markets and networks will tend to reduce costs and raise efficiency, making successful economic management all the more important,
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For these three reasons -- national security, how China evolves, our commercial interests -- I believe that this agreement is very much in our national interest.
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Harvard's endowment is critical to the university's academic and financial aid programs and to its capacity for growth, ... the endowment will continue to be overseen and invested with the highest level of professionalism and expertise.
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Jack Meyer did a great job for Harvard.
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He is not only an immensely talented and versatile performer, but also someone who has given a great deal of himself to the university and especially to the vitality of the arts at Harvard,
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He has provided very important and valuable leadership on a range of issues from the Latin American debt crisis in the 1980s to the challenge of the transition economies following the fall of the Berlin Wall to the emerging market challenges of recent years.
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Ultimately, we're hoping to expand this further (beyond Boston).
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The ongoing task of debt management for the federal government will clearly be very different in the years ahead than it has been in the past, when debt was rapidly increasing, ... With $3.6 trillion in debt outstanding, even a 3 basis point (0.03 percentage point) reduction in federal borrowing costs will ultimately produce savings of more than $1 billion per year.
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The president has set a principle: No bank with an unsatisfactory CRA rating could take advantage of any of the powers granted by this deregulation,