Word: rubins
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Within the White House, however, advisers joked about the "corporate board" lined up against her, like Treasury Secretary Robert Rubin, as well as Jordan, who was on the transition team, and the new chief of staff and former investment banker Erskine Bowles. Albright's opponents argued that she was not "serious" enough, ill-prepared to manage the immense State Department superstructure and better at selling a strategy than forming...
...Europe and Japan love a strong dollar, since it lowers the price of their exports, which can stimulate more sales for their struggling economies. But cheaper Toyotas aren't good for everyone--for instance, General Motors and Chrysler reported weak sales last week. Partly in response, Treasury Secretary Robert Rubin, long a strong-dollar man, indicated that the Administration may have ended its two-year drive to buttress the buck...
...longtime friend, who recruited Raines for the job. "In a relatively short time as OMB director, he has acquired perfect pitch." It comes in part from his training as an investment banker, which he shares with the two other prominent members of Clinton's negotiating team, Treasury Secretary Robert Rubin and White House chief of staff Erskine Bowles. Theirs is a culture in which winning is cutting the deal and the politician's concept of a strategic defeat--to fail now so you can triumph later--is just money wasted. That Raines should find himself on the front lines...
First, then, the tax code should be reinterpreted--and the President should urge Congress to do so. Might he? "I'm not a fan of the Big Bang school of policymaking," says Raines, whose view is shared by Treasury Secretary Robert Rubin. "I'm for economic self-interest working its will." There's nothing wrong with that, especially in a free-market system. But sometimes self-interest needs a push...
...Jeffery C. Rubin...