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The almanac

UPI Almanac for Saturday, Nov. 23, 2013.
By United Press International
Obama formally nominates Yellen to head Fed

Obama formally nominates Yellen to head Fed

WASHINGTON, Oct. 9 (UPI) -- President Obama Thursday formally nominated Janet Yellen to head the Federal Reserve, calling her "one of the nation's foremost economists."
Report: Obama set to name Janet Yellen to head Federal Reserve

Report: Obama set to name Janet Yellen to head Federal Reserve

WASHINGTON, Oct. 8 (UPI) -- U.S. President Barack Obama is set to announce his intention to nominate Janet Yellen as the Federal Reserve's new head, The Wall Street Journal reported.
Summers withdraws from consideration as Fed chairman

Summers withdraws from consideration as Fed chairman

WASHINGTON, Sept. 15 (UPI) -- Lawrence Summers withdrew his name from consideration Sunday to succeed outgoing U.S. Federal Reserve Board Chairman Ben Bernanke.
White House denies report Summers is choice for Fed

White House denies report Summers is choice for Fed

WASHINGTON, Sept. 13 (UPI) -- U.S. President Barack Obama has not decided on his choice to head the Federal Reserve, the White House said Friday.

U.S. treasury secretary mum on candidates for Fed chairmanship

WASHINGTON, July 28 (UPI) -- U.S. Treasury Secretary Jack Lew Sunday declined to discuss publicly administration planning to find a successor to Federal Reserve Chairman Ben Bernanke.
Senate aide says White House working on replacement for Bernanke

Senate aide says White House working on replacement for Bernanke

WASHINGTON, June 28 (UPI) -- White House officials are working to select a replacement for U.S. Federal Reserve Chairman Ben Bernanke, whose second term ends in January, a Senate aide said.

The almanac

UPI Almanac for Friday, Nov. 23, 2012
By United Press International

U.S. faces World Bank nomination deadline

WASHINGTON, March 22 (UPI) -- U.S. President Barack Obama faces a Friday deadline to nominate a convincing candidate for the World Bank presidency amid signs emerging-market member countries are set to push for a candidate of their own.
World Bank president to step down

World Bank president to step down

WASHINGTON, Feb. 15 (UPI) -- Robert Zoellick said in Washington he will resign as World Bank president in June, noting the international lending institution is strong and healthy.

Early thoughts on auto bailout revealed

WASHINGTON, Jan. 24 (UPI) -- White House economic adviser Lawrence Summers warned not to push U.S. auto companies into bankruptcy too quickly, a recently surfaced document says.

The almanac

UPI Almanac for Wednesday, Nov. 23, 2011.
By United Press International
Smart guys

Smart guys

They are handing Europe's trouble spots over to the technocrats.
ANTHONY HALL, United Press International
Lawrence Summers returning to Harvard

Lawrence Summers returning to Harvard

WASHINGTON, Sept. 21 (UPI) -- U.S. President Barack Obama said Tuesday Lawrence Summers, who heads the National Economic Council, will leave the administration at the end of the year.
Obama mum on Geithner, Summers' futures

Obama mum on Geithner, Summers' futures

WASHINGTON, Sept. 20 (UPI) -- President Barack Obama didn't tip his hand about whether his Treasury secretary and key economic adviser would be around after the 2010 midterm elections.
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Wiki

Lawrence Henry Summers (born November 30, 1954) is an American economist and as of 2010, Director of the White House National Economic Council for President Barack Obama. Summers is the Charles W. Eliot University Professor at Harvard University's Kennedy School of Government. He is the 1993 recipient of the John Bates Clark Medal for his work in several fields of economics and was Secretary of the Treasury from 1999 to 2001, during the Clinton Administration.

Summers also served as the 27th President of Harvard University from 2001 to 2006. Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty that resulted in large part from Summers' conflict with Cornel West, financial conflict of interest questions regarding his relationship with Andrei Shleifer, and a 2005 speech in which he suggested that the under-representation of women in science and engineering could be due to a "different availability of aptitude at the high end," and less to patterns of discrimination and socialization.

Summers has also been criticized for the economic policies he advocated as Treasury Secretary and in later writings. In 2009, he was tapped by President Obama to be the director of the White House National Economic Council. Since returning to government in the Obama administration, he has come under fire for his numerous financial ties to Wall Street.

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