Former Harvard president Larry Summers admires the research of "rock star" French economist Thomas Piketty, but he's been skeptical that innovation and entrepreneurship don't have more to do with the high rate of return on capital. Innovation is great, Piketty…
By Thomas Piketty
With Summers Out of the Running, Who WIll Be Tapped to Succeed Bernanke?…
A story about clawbacks slated to run on the NewsHour tonight features a protest disrupting a speech by Goldman Sachs CEO Lloyd Blankfein. Yesterday, the protesters struck again during a session with Larry Summers,…
President Barack Obama said Monday that he intends to stop American International Group from paying out millions in executive bonuses, as concern intensified over the insurance giant's handling of federal rescue money.
By PBS NewsHour
By Admin and PBS NewsHour
A group of academic economists confirmed on Monday suspicions that the troubled U.S. economy is in a recession, saying the economic downturn began in December 2007.
Harvard President Lawrence Summers faced intense criticism for remarks he made about the shortage of women in the sciences and engineering at a Jan. 14 closed-door conference.
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