The ongoing task of debt management for the federal government will clearly be very different in the years ahead than it has been in the past, when debt was rapidly increasing, ... With 3.6 trillion in debt outstanding, even a 3 basis point (0.03 percentage point) reduction in federal borrowing costs will ultimately produce savings of more than 1 billion per year. (Lawrence Summers)
I think the approach we have taken in the administration, of focusing our energies and concerns on the fundamentals and working to strengthen those fundamentals, has been the prudent approach rather than focusing on the stock market, (Lawrence Summers)
We've seen some indications that there may be some hoarding behavior, but there are many, many factors that influence oil prices, both with respect to the short run and over the medium term, ... But there's no question that -- as in any freely trading market -- there's a psychological element that enters in from time to time. (Lawrence Summers)
Certainly there was reference to that (Friday's stock market plunge) but the focus of our discussions was on the fundamentals of our economies, what we could do together to develop and sustain economic growth, ... With respect to the stock market, our focus is not to focus on that. (Lawrence Summers)
There are issues of intrinsic aptitude ... I would like nothing better than to be proved wrong. (Lawrence Summers)
He is not only an immensely talented and versatile performer, but also someone who has given a great deal of himself to the university and especially to the vitality of the arts at Harvard, (Lawrence Summers)
We want to be candid about the need for them to reform their banking system and do more on trade and the like, but the guy (Hashimoto) is also under a lot of pressure right now. (Lawrence Summers)
The president has made it very clear that he will not sign any budget measure that doesn't put Social Security and Medicare first, that doesn't take those steps forward (and) certainly any measures that would put at risk the progress we've made in paying down the debt, (Lawrence Summers)
The inflation outlook does remain contained and unit labor costs (what it costs companies to employ their workers) continue to reflect he absence of inflation pressures, (Lawrence Summers)
As damaging as these attacks have been, the vast majority were conducted by disgruntled individuals, ... We face a future, though, where criminals, terrorists or even nation-states may use the same tools in a more organized way for darker purposes. (Lawrence Summers)
Today, the IRS operates in a low-trust, short-tether budgeting environment, ... This makes rational planning for capital projects such as information technology very difficult. (Lawrence Summers)
All this suggests a deeper engagement between India and the US. These cultural connections are sure to build more harmony between the two nations. (Lawrence Summers)
I've always thought that underpopulated countries in Africa are vastly underpolluted. (Lawrence Summers)
An SAT score means one thing if the student comes from an affluent school, where there are SAT prep courses, and a very different thing if the student comes from a disadvantaged background where there was no SAT classes of any kind. (Lawrence Summers)
What is happening in India and China... The integration of the four-fifths of the world where people are poor with the one fifth of the world where people are rich, has the potential to be one of the three most important economic events in the last millennium, alongside the Renaissance and the Industrial Revolution. (Lawrence Summers)
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