Word: frenkel
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...Jacob Frenkel, a former governor of the Bank of Israel who is vice chairman of insurer American International Group, called that sort of cooperation the "tango principle." The trouble is that the Chinese seem to be making most of the moves on their own. "Systemic issues for the world require systemic attention by the world," said Frenkel. "If you can dance a tango without talking to one another, then so be it. But the track record isn't good...
...European Central Bank. Most significant, there's still no strong evidence of a resurgence of inflation, even though oil prices have more than doubled in two years. Tyson said the increase in global competition has led to an "amazing moderation of wages" in the U.S. and Europe. And Frenkel said the U.S. economy's ability to shrug off enormous oil-price rises "shows that it is capable of absorbing economic shocks to a much larger degree than what was typically assumed...
...executive assistant president of the Bank of China. He's also expecting a surge in volatility in financial markets this year and, like the other panelists, worries about how successfully the untested new governor of the U.S. Federal Reserve, Ben Bernanke, will deal with unforeseen problems. Jacob A. Frenkel, a former governor of the Bank of Israel who is vice chairman of insurer American International Group, is concerned about increased calls for protectionism, including by U.S. Senator Charles Schumer. Most worried of all is Stephen S. Roach, chief economist at U.S. investment bank Morgan Stanley who for several years...
...account small private companies and service firms, including retailers, with fewer than 60 employees. As a result, "Chinese gdp is still underestimated. There's still 15-20% to go," he said. That's good news for the rest of Asia too, as China's growth boosts the whole region. Frenkel pointed out that while China is exporting goods worth about $300 billion to the U.S. and Europe, it is at the same time importing about 100 billion dollars' worth of raw materials and goods from elsewhere. Indeed, Zhu estimated that while China accounts for only about 5% of the world...
...risk analyst at American International Group, a Fortune 20 insurance company. Three of my primary clients had offices in the World Trade Center: AON Risk Services, Marsh and McClennan and Frenkel & Co. These are people I have worked with daily for the last 15 months. I regularly attended meetings at the World Trade Center...