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Lawrence Summers

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Caution is crucial on recovery road

10.05.11
David Blanchflower, the former member of the Bank of England's monetary policy committee who is worried we may still be perched on the precipice of a cataclysmic recession, was in fine form in Edinburgh yesterday, speaking to the first overseas conference of the American financial analyst community, the CFAs... more

Looking for a job? Just invent your own

03.03.11
Harvard undergraduates believe that inventing a job is better than finding a job, but it seems that this rule applies to our own students too... more

The biggest heist of all in Inside Job

18.02.11
Charles Ferguson's documentary offers a forceful and lucid explanation of what caused the 2008 financial crisis, who's to blame and why nothing's changed since. It may leave you feeling angry... more

City Spy: Unions half-right on FTSE fat cat pay

29.10.10
Hooray. It’s like the credit crunch and recession never happened as Income Data Services reports that FTSE-100 directors enjoyed an annual 55% pay rise. The average FTSE boss took home £4.9 million... more

Key Barack Obama aide Rahm Emanuel quits

01.10.10
President Obama’s chief of staff quits the White House to run for mayor of Chicago... more

Barack Obama's economic guru Larry Summers quits

22.09.10
President Barack Obama’s top economic adviser will leave the White House at the end of the year, the third member of the team to quit in as many months... more

Germany fights off US attacks on moves to cut deficit

24.06.10
Germany rejects criticism that it is endangering its economic recovery with austerity measures... more

City Spy: Businesses tipped to come a cropper

24.12.09
AMID all the contradictory forecasts for recovery or double-dip recession in 2010, what do the insolvency practitioners say? ... more

City Spy: Virgin faces a battle in Great North rail race

28.09.09
RAIL veteran Ian Yeowart is rattling the couplings of Virgin Trains by launching an all-new Great North Western Railways company on Virgin routes into Euston... more

Post-crisis bankin' just got a whole lot 'funner'

11.06.09
Strange noises are emanating from America's banking industry as it undergoes its post-crisis makeover. Wall Street's titans are rejoicing at repaying the money lent to them by the government at the height of the crisis late last year ... more

iPod man will keep President tuned in

25.03.09
Barack Obama will be accompanied by his personal "body man" when he comes to London next week... more

$1m bonuses paid to AIG's Mayfair toxic debts team

16.03.09
Bankers at AIG's disgraced Mayfair operations - dubbed the Ground Zero of the financial crisis - are receiving $1 million bonuses... more

Obama pledges bail-out cash to save homes, not Wall St

13.01.09
Families faced with losing their home will be the first to benefit from a huge cash handout once Barack Obama is sworn in... more

As Hank leaves, Citi's Rubin is Obama's guru

27.11.08
It's goodbye to Henry "Super Hank" Paulson, who sadly failed to live up to his nickname... more

Comment: Obama offers us a fresh shot to get mad about Larry

25.11.08
While Alistair Darling was fleshing out his plans to save the UK economy yesterday, Barack Obama was unveiling the team he wants to help him save the American one... more

Obama: There is worse to come on the economy

25.11.08
Barack Obama has issued a grim warning to the American people, telling them that the economy was likely to get "worse before it gets better"... more

US economic recovery plan 'could cost $700bn'

24.11.08
Barack Obama has vowed to do "whatever it takes" to fix the US economy as crisis continued to grip the country... more

Obama adviser boosts New York Fed chief's US Treasury chances

20.11.08
Economics: The odds on Tim Geithner becoming the next US Treasury Secretary have shortened after a key Barack Obama adviser said he would be a "superb" candidate... more

NY Fed chief leads race to be Treasury Secretary

19.11.08
The New York Federal Reserve president Tim Geithner has become corporate America's top pick as next Treasury Secretary... more

'Long job' to sort out US economy

18.11.08
Credit Crunch: Former Treasury Secretary Larry Summers, tipped to be given that job in the Obama Administration, says the US economy will need a substantial stimulus programme for years to come... more

Obama lines up new team to resurrect US economy

07.11.08
Barack Obama was gathering together his economic advisers before addressing America about the greatest financial threat since the Thirties... more

Sarkozy keeps the new president on line for 30 minutes

07.11.08
Nicolas Sarkozy stole a lead on other world leaders in the race to build closer ties with president-elect Barack Obama... more

The president’s key men and women wait for call to office

05.11.08
Barack Obama lost no time in planning the key appointments that will shape his presidency... more

Paulson may broaden the scope of US rescue plan

04.11.08
On the eve of the US election, it has emerged that Treasury Secretary Hank Paulson is considering expanding the $700bn rescue scheme to include financial companies other than banks and insurers... more

How the credit crunch saved Sarah from herself

31.07.08
As Sarah Skelding's situation demonstrates, the problem of the housing crisis is not the difficulty in getting mortgage finance, but the fact that houses are grossly over-priced... more


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