Word: often
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Dates: during 1990-1999
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Certainly, Summers has the intellectual rigor to succeed Rubin. He is often described as being the smartest guy in the room--and generous enough to let you know it. Rubin, on the other hand, may actually have been the smartest guy in the room without letting anyone else know it. And right there is the difference between an academic and a bond trader...
Others in the economists' fraternity say that some portion of Rubin's success can be attributed to the man who now replaces him. In part because Rubin dislikes travel, it was often Summers who was dispatched to hot spots to prescribe tough fiscal and monetary medicine. "He's been the point man in Asia," says Kobsak Chutikul, director general of economic affairs at Thailand's Foreign Ministry, "pushing a lot of very sensitive and controversial policy measures," including stiff interest rates...
...that Asia appears to be in fragile recovery, much of that criticism has turned to praise, and Summers has been receiving his share of the credit. Lim Chang Yuel, a former South Korean Deputy Prime Minister, has vivid memories of late 1997, when he and Summers often conferred until well after midnight seeking a solution to South Korea's economic woes. "I was surprised to see how energetic and hardworking he was. He was like a fireman putting out fires not only in Korea but throughout Asia...
...Yeltsin boosted Primakov's chances of being the next President. Aides say Primakov has not yet made up his mind about the future. Yeltsin, however, does not have the luxury of choice. He has to keep fighting, and that is becoming ever harder for him. Despite claims, more often heard in Washington than in Moscow, that "Boris is back" in the driver's seat, his physical health and mental lucidity are often open to question. After dismissing Primakov last week, he seemed confused. The chairs of both houses of parliament say that when Yeltsin phoned to inform them of Primakov...
Schrempp knows this is risky, because mergers often fail, and big ones fail more often. So DaimlerChrysler is dancing a transoceanic jitterbug that is testing the limits of corporate convention. German and American bosses are fusing their cultures on napkins in airport lounges and in the conference rooms of five-star hotels. The transatlantic traffic became so heavy that DaimlerChrysler, which owns 20% of Airbus, bought an A320 and outfitted it like an NBA charter so its executives could get some sleep between meetings. The 53-seat plane (an A320 normally has 150 seats) flies four weekly round trips between...