Word: rubins
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...contrast to the rocky relationship he apparently had with the Bush administration, Greenspan reportedly has a close working relationship with members of the Clinton administration--including strong ties to and mutual admiration of former treasury secretary Lloyd Bentsen, outgoing treasury secretary Robert Rubin '60 and incoming treasury secretary Lawrence H. Summers, who is also the former Ropes professor of political economy at Harvard...
...Summers does not lack confidence. Last week as he sat in his office joking with his Treasury aides, Summers ruminated on succeeding Rubin. He mused that it might be like replacing Yankee great Joe DiMaggio. And who remembers who replaced Joe DiMaggio? "It was Mickey Mantle," an aide answered. Larry Summers smiled. He already knew that...
...WINNERS] ROBERT RUBIN Others get office party. He resigns; market shudders. Uh-oh, shower of brimstone on Greenspan exit...
...Robert Rubin is happy. He's leaving the Treasury and Washington's rat race. Rubin's deputy, LARRY SUMMERS, is happy. He has been nominated to take over the Treasury Department. And STUART EIZENSTAT is happy. He's been promoted from his job as Under Secretary of State for Economic Affairs to be Summers' deputy. The only one unhappy is Secretary of State MADELEINE ALBRIGHT. She lured the Washington-savvy Eizenstat from the Commerce Department two years ago to grab back some control of international economic policy, which the State Department had ceded to other agencies. Since then, State...
...policy, Washington began to simply announce it on a take-it-or-leave-it basis," says Dowell. "That has also led to a problem where the State Department tends to regard the U.N. secretary general as simply another tool to implement U.S. policy." To wit, Albright spokesman James Rubin's comment on Boutros-Ghali's charges: "It was always unfortunate that Mr. Boutros-Ghali did not have the skills to successfully manage the most important relationship for any secretary general, which is smooth cooperation with the United States." U.N. insiders would be forgiven for finding that response a tad arrogant...