Word: czars
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...understand that you've thought a lot and studied a lot, and that a few weeks ago, in fact, even Nancy-Ann [DeParle, the White House health czar] brought you a memo as to sort of just how LBJ pulled this off - not just making the case for it publicly, but really making the gears of government run. What of that experience speaks to this experience? Well, as you point out, the last time we did something of this magnitude was 1965. And the circumstances in some cases were similar, in some cases were profoundly different. Obviously LBJ had just...
...toppled Lehman Brothers and WaMu and forced Bear Stearns, Merrill Lynch and Wachovia into shotgun marriages began to endanger Goldman and (to a lesser extent) JPMorgan. "No one should be confused about the extent to which the public sector has provided a foundation for financial recovery," White House economic czar Larry Summers said after Goldman and JPMorgan reported their stellar second-quarter earnings...
...very rich people who once ran Russia still run it - but they have been brought to heel by a vastly more powerful Kremlin. Their wealth is "granted" to them by a Kremlin that demands loyalty and is prepared to use all means available to enforce it. They serve the Czar (or President, or Prime Minister) at his pleasure. They understand very well that to defy the Czar is to sacrifice everything they have. They are glorified managers or subordinates who enjoy great wealth that can be taken from them at any minute, and the only way they know to secure...
...paid more if you stay longer and come back often; doctors get paid more if they do more tests and procedures - and you come back often. More services, more fees. "You've got to follow the money," says former Senator Tom Daschle, Obama's initial choice for health czar. "We reward volume, so that's what we get." Obama wants to reward quality instead...
Obama announced last month that he would personally pick the cybersecurity czar, who would report to the National Security Council and the National Economic Council. The cybersecurity community has for weeks been speculating about who will get the job. Many experts agree the President should not limit his search to tech gurus. "You don't need a doctor running health care, and you don't need a technologist running cybersecurity," says retired Major General Dale Meyerrose, of the consulting firm Harris Corp., who until recently was chief information officer for the Director of National Intelligence...