Word: rogoff
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...Some of Summers’ strongest critics during his tenure at Harvard, including Ryan, said last week that they believe that the Treasury Department and the University are different enough that many of their complaints would not be applicable if Obama appoints Summers to his Cabinet.Economics Professor Kenneth S. Rogoff said that what he sees as Summers’ swift, bold decision-making style is vital given the current financial crisis and will outweigh the effect the Faculty’s previous criticisms could have on his nomination.“I think we’re in a crisis...
...George W. Bush while roughly 75 professors gave about $50,000 to John Kerry. In addition to the seven faculty members who have donated to the McCain campaign, several prominent Harvard professors have also served as advisers to the Republican candidate. Economics professors Martin S. Feldstein and Kenneth S. Rogoff both advise McCain. History professor Niall Ferguson also served as an informal foreign policy adviser to McCain during the primaries. These professors could not be reached for an interview or declined to comment on their role in the campaign. Three of the seven professors who donated to McCain...
...disarray that is depleting America’s resources and confidence. When the world is “interconnected” doesn’t it follow that the richest country’s struggle will lead to an inferno everywhere else? Not quite. As economics professor Kenneth S. Rogoff recently put it in his op-ed for The Financial Times: “It is almost as if the more the U.S. messes up, the more the world loves...
...Some Harvard students watching the speech—at least those sitting around me—sneered that Rogoff didn’t realize that for Harvard students accustomed to jobs at the upper echelon of finance, the usual recruiting suspects remain alive, if not quite well. Indeed, of the behemoths that have gone under in the past months, only Lehman Brothers was a major recruiter at Harvard. The most sought-after financial recruiters—namely Goldman Sachs, J.P. Morgan, and Citigroup—have survived the recent turmoil and have shown their health by buying up the dismembered...
...free-market crowd at the University of Chicago find that about 15 percent of jobs on Wall Street are part of the bubble and won’t be replaced even when the finance industry regains its longterm health. And that too may not be for sometime. As Rogoff said in an interview with The Crimson on Tuesday, “we might be back at full steam in 2010, but full steam will probably be slower than it used to be, because our financial system is decimated...