Word: paulson
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Dates: during 2000-2009
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...have to feel a little sorry for U.S. Treasury Secretary Hank Paulson. The former Goldman Sachs CEO's China experience and contacts - he had visited no less than 72 times - was touted as a major asset when he was appointed to the job five months ago. Now, he's in Beijing at the head of a high-powered U.S. economic delegation that includes six cabinet ministers, the U.S. Trade Representative and Federal Reserve Chairman Ben Bernanke - and he's under pressure to deliver. The U.S. urgently needs Beijing to allow its currency to appreciate in value against the dollar...
...Before leaving Washington, Paulson did his best to downplay expectations from the grandly named "Strategic Economic Dialogue" his delegation will conduct with the Chinese. There would be no big announcement after the two days of talks, Paulson told one interviewer, stressing that this was the start of a "long-term dialogue." His downbeat spin is hardly surprising: Beijing has been fending off U.S. demands for years on the issue of currency exchange rates, and also intellectual property rights (meaning pirated movies and brand-name goods). In 1996 this correspondent was told by a White House economist who had just returned...
...would make U.S. exports more competitive and help reduce America's yawning trade deficit - but it would also stir up inflation, as well as crimp the profits of European firms and hurt economic growth there. It also risks bringing heightened volatility to world financial markets. U.S. Treasury Secretary Henry Paulson, for one, thinks that's a bad idea. "A strong dollar is clearly in our nation's best interest," he said last week...
...program that continues to slide toward insolvency. Meet the new key players in the Social Security game, including a surprising presidential appointee who could outmaneuver the ascendant Democrats. [This article contains a table. Please see hardcopy of magazine.] THE RAINMAKER WHY HE MATTERS HOW HE'LL PLAY IT Henry Paulson Jr. The Treasury Secretary and Bush's Social Security front man raised eyebrows last week by saying he would set "no preconditions" on the Administration's push to reform. Paulson's statement hinted that the President is backing off his demand that workers be allowed to invest some...
...lose: challenge Congress to go after big goals, including debating an overhaul of Social Security and the other two big entitlement programs, Medicare and Medicaid. Bush has spoken increasingly frankly about his plans to run up the hill on Social Security again, and sources say Treasury Secretary Hank Paulson will use his Wall Street cachet to promote discussion of an issue that had Republicans dashing for the exits last year...