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On Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor and President Emeritus and former Harvard President Larry Summers said that America’s enemies must “be taking great encouragement from the spectacle that is being made by our young future elites on so many of our leading college campuses, and even more by the craven responses that are typifying university leaderships.” Summers stated, “This is very depressing and worrisome to me. As I’ve said on your show before, David, I think the United States is in the most dangerous geopolitical moment we’ve been in probably two generations, given what’s happening in...

A wave of inflationary signals means that the Federal Reserve's next move could be a rate hike, former Treasury Secretary Larry Summers said. "There's a meaningful chance, maybe it's 15%, that the next move is going to be upwards in rates, not downwards," Summers said during an interview on Bloomberg TV on Friday, adding that the Fed has to be "very careful." His read on recent key inflation indicators in January, including a 3.1% year-over-year increase in the consumer price index and a 0.9% rise in the producer price index, formed the basis of his rationale. He added that the...

Larry Summers, former U.S. secretary of the treasury and former president of Harvard University, called for the Western governments to “seize” Russian government assets held in international banking institutions to “support” Ukraine and other countries during an interview with CNN’s Fareed Zakaria aired on Sunday. .@LHSummers says the U.S. should “seize” Russian assets held in international banks & redistribute them to Ukraine & “other nations” as well pic.twitter.com/vibKS065kh — Tom Elliott (@tomselliott) February 27, 2023 Summers framed reparations paid by the German government to the Soviet Union after World War II as a precedent for seizure of Russian government assets.

During Sunday’s broadcast of CNN’s “State of the Union,” former Treasury Secretary Lawrence Summers said that “banana Republicans” and the events of January 6, 2021 had contributed to the inflation underway in the U.S. economy. Summers said, “We should focus on what’s important, not raising input prices for American producers, so they’re less competitive, which is what much of those tariffs do. Instead, we should be focusing on things that allow the leakage of key technologies to China and the like. We should pass at long last some kind of legislation, ideally, on a bipartisan basis that would raise the...

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that if politicians want to help solve inflation, one way to do so would be asking borrowers who “are in better financial condition than any time in a very long time, to pay back their student debts, rather than maintaining the moratorium.”

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that “we’re actually closer to being back” to the inflation levels of the 1970s than most realize.

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers responded to President Joe Biden’s tweet accusing oil and gas companies of padding their profits by keeping gas prices high by stating, “there’s nothing that would support that in the president’s tweet, and I haven’t seen any analysis coming out of the administration, or anyplace else, that provided serious support for that.”

During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that the core issue with inflation is the fact that the economy is overheated and the problem of inflation won’t be fully solved until the overheating in the economy is solved. Summers also argued that blaming corporate greed and price gouging for inflation is “likely” to make the inflation problem worse because doing so will hurt business confidence and lower the level of needed investments.

BREITBART On Friday’s broadcast of ABC’s “GMA3,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers called on the Federal Reserve to raise interest rates and signal that further interest rate increases are coming and argued that the Federal Reserve can’t blame inflation on the coronavirus pandemic or the war in Ukraine, and the Biden administration can’t blame corporate greed for inflation because, at its core, the issue is about “managing the level of demand in the economy.”

On Friday’s broadcast of Bloomberg’s “Wall Street Week,” economist Larry Summers stated that “we’re now facing real risks of a 1970s-type scenario…the same kind of broad phenomenon of stagflation.” And that this is partially “a response to the excessive stimulation of the economy during 2021.” Summers stated that monetary policy is effective at tamping down inflationary pressures, “but it may not be an effective tool without engineering a slowdown in the economy. The last dot plot has the Fed believing that three things are going to happen together: that inflation’s going to fall below three, unemployment’s going to stay well...

On Friday’s broadcast of Bloomberg TV’s “Wall Street Week,” economist Larry Summers stated that “we’re going to entrench inflation way above 2%, perhaps in the 4% or even higher range, unless something happens to break the current mood,” and the Build Back Better reconciliation bill will increase inflation over the next two years, but it could be offset by the Federal Reserve’s monetary policy.

Earlier this year, former Clinton Treasury Secretary and erstwhile Harvard President Larry Summers was pilloried by his fellow Democrats for daring to suggest that the firehose of COVID-inspired fiscal and monetary stimulus would likely cause runaway inflation. Then, over the weekend, Summers doubled down on that (so far, correct) call, warning that inflationary pressures might be more persistent than the Fed’s Chairman Jerome Powell (who continues to insist that price pressures will ultimately be “transitory” despite the FOMC’s decision to move up its expectations for the timing of rate hikes to account for hotter-then-expected inflationary prints) has let on. Now,...

Larry Summers, a former economic advisor to former President Barack Obama, warned President Joe Biden on Monday that inflation is a looming threat to the United States economy. “Now, the primary risk to the U.S. economy is overheating — and inflation,” Summers wrote in a Washington Post op-ed published Monday evening.

SHREVEPORT, La. — Sarah Rose Summers from Nebraska beat out 50 other women Monday to win this year’s Miss USA competition. Summers, a 23-year-old contestant from Omaha, graduated from Texas Christian University with two degrees and is working on becoming a certified child life specialist.

President Trump will be attending the World Economic Forum in Davos this week. Inevitably, attention will focus on whether the president projects a commitment to internationalist values or reiterates his truculent nationalism in the name of making America “great again.” Attention will also focus on the durability of the current economic and market upswing that has buoyed the spirits of businesses and investors around the world. While Trump will probably try to take credit for all the economic good news, it is unlikely that he deserves it. He is president of the United States, not the world. And the economic...

Americans are becoming only too aware of the financial tricks and deceit in which some of the nation's largest and most respected corporations engaged during the Clinton administration to pump up stock prices with fraudulently inflated profits. When the huge bubble no longer could be sustained the men and women at the top would bail out of their stock and pocket millions, leaving pensioners and other investors holding an empty bag. To market insiders these are known as "pump and dumps." While federal investigators are looking into the corporate malfeasance at Enron, WorldCom, Qwest Communications, AOL Time Warner and...

As officials continue to search for a Memphis architect and his wife still missing after devastating fires that hit Gatlinburg this week, family and friends are using social media to provide updates on the family. Jon Summers and his wife, Janet, haven't been found, friends said, and their three sons — Branson and twins Wesley and Jared — have been hospitalized after being caught in the fire. All three sons are at Vanderbilt University Medical Center, family friends confirmed. “The boys are doing much better. That’s great news,” Steve Berger, president of the architectural firm that employs Jon Summers, said...

Since the end of World War II, a broad consensus in support of global economic integration as a force for peace and prosperity has been a pillar of the international order. From global trade agreements to the European Union project; from the work of the Bretton Woods institutions to the removal of pervasive capital controls; from the vast expansion in foreign direct investment to major increases in the flow of people across borders, the overall direction has been ... ...more successful than could reasonably have been hoped. We have not had a war between major powers. Global standards of living...

Harvard's Mossavar Rahmani Center for Business and Government, which I am privileged to direct, has just issued an important paper by senior fellow Peter Sands and a group of student collaborators. The paper makes a compelling case for stopping the issuance of high denomination notes like the 500 euro note and $100 bill or even withdrawing them from circulation. I remember that when the euro was being designed in the late 1990s, I argued with my European G7 colleagues that skirmishing over seigniorage by issuing a 500 euro note was highly irresponsible and mostly would be a boon to corruption...

The left is on a roll. Liberals successfully pushed back against President Obama’s plan to launch airstrikes in Syria, and then quashed the expected nomination of Larry Summers as the next chairman of the Federal Reserve Board. That one-two punch from some usually loyal Democratic allies has left Mr. Obama in a weakened political state right as he enters tough negotiations with Republicans: to keep the government funded beyond Sept. 30, and to raise the limit on federal borrowing authority a few weeks later. Republican House Speaker John Boehner is having an even harder time getting his own base to...