Word: rethinking
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...Summers, according to New York University president John Sexton, who led the committee that chose Geithner for the New York Fed. "Summers told us that Tim was one of the very few people who, when Larry got on a roll, would sometimes take him up short and say, 'Stop. Rethink that position,'" says Sexton. "And do it in a way that caused even Larry to stop and think and even occasionally change his view." And Geithner is no longer inclined to see himself as Summers' aide. "Tim is not taking this job to be subordinate," says a person familiar with...
...part to his reputation for standing up to powerful people, says Sexton. "[Former Deputy Treasury Secretary] Larry Summers told us that Tim was one of the very few people who, when Larry got on a roll, would sometimes take him up short and say, 'Stop, rethink that position,'" says Sexton, "and do it in a way that caused even Larry to stop and think and even occasionally change his view...
...What might Obama achieve as President? I suspect there'll be a rethink of America's role in the world. You can already see from his early comments that he's starting to focus quite clearly on Osama bin Laden and the position in Afghanistan, and he's clearly indicated that he wants to withdraw from Iraq, though how quickly that can occur remains to be seen. But I think you will see a period of consolidation...
...real mistake happens later, according to Edelman, when the initial trial fails and the physician doesn't rethink the diagnosis or run the proper tests - and instead addresses the problem by using different drugs. "We need to pay attention to what symptoms mean and patients' response to treatment. We cannot accept lack of responsiveness to medication. It could be a misdiagnosis," Edelman says...
...optimists, the mere fact that Sarkozy convinced regulation-wary U.S. President George W. Bush to host and attend such a summit was cause for hope. Just maybe, the thinking went, the severity of the crisis would force even American free-market fundamentalists to rethink their aversion to additional rules - especially to multilaterally binding measures enforced by international organizations. But since then, the lame-duck Bush Administration has signaled its opposition to any significant change to the current system of national regulations. And though President-elect Barack Obama's decision not to attend the event disappointed Sarkozy and other European leaders...