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<title><![CDATA[Larry Summers - Articles - RealClearPolitics]]></title><link>http://www.RealClearPolicy.com/authors/rss/archive/14920.xml</link><description><![CDATA[Larry Summers]]></description><category domain="14920">Author</category><item>
							<title><![CDATA[Rethinking Higher Ed With Harvard's Former President]]></title>
							<link>https://www.thefp.com/p/harvard-president-larry-summers-bari-weiss</link>
							<guid><![CDATA[https://www.thefp.com/p/harvard-president-larry-summers-bari-weiss]]></guid>							
							<pubDate>Tue, 25 Jul 2023 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[Larry Summers reveals why universities should ban legacy admissions, scrap elite sports, and make a first-rate education more available to all.]]></description>
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							<title><![CDATA[Trump Claims Credit He Is Not Due on the Economy]]></title>
							<link>https://www.ft.com/content/493f20de-9959-11e8-88de-49c908b1f264?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271</link>
							<guid><![CDATA[https://www.ft.com/content/493f20de-9959-11e8-88de-49c908b1f264?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271]]></guid>							
							<pubDate>Tue, 07 Aug 2018 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[Growth has exceeded expectations outside the US rather than within it]]></description>
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							<title><![CDATA[The Threat of Secular Stagnation Has Not Gone Away]]></title>
							<link>https://www.ft.com/content/aa76e2a8-4ef2-11e8-9471-a083af05aea7?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271</link>
							<guid><![CDATA[https://www.ft.com/content/aa76e2a8-4ef2-11e8-9471-a083af05aea7?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271]]></guid>							
							<pubDate>Mon, 07 May 2018 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[The economy is prone to sluggish growth '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('”').';' if the past few years are anything to go by.]]></description>
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							<title><![CDATA[The Dollar Is Getting Weaker. That Should Worry Us]]></title>
							<link>https://www.washingtonpost.com/opinions/the-dollar-is-getting-weaker-that-should-worry-us/2018/03/05/95154a20-1fdc-11e8-94da-ebf9d112159c_story.html</link>
							<guid><![CDATA[https://www.washingtonpost.com/opinions/the-dollar-is-getting-weaker-that-should-worry-us/2018/03/05/95154a20-1fdc-11e8-94da-ebf9d112159c_story.html]]></guid>							
							<pubDate>Wed, 07 Mar 2018 00:00:00 -0600</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[One of the many surprising aspects of financial market performance since the start of 2017 has been'&#'.ord('Ã').';''&#'.ord('‚').';' the weak performance'&#'.ord('Ã').';''&#'.ord('‚').';' of the dollar, which has fallen by close to'&#'.ord('Ã').';''&#'.ord('‚').';' 10 percent'&#'.ord('Ã').';''&#'.ord('‚').';' on a trade-weighted basis and by about'&#'.ord('Ã').';''&#'.ord('‚').';' 17 percent'&#'.ord('Ã').';''&#'.ord('‚').';' against the euro.'&#'.ord('Ã').';''&#'.ord('‚').';']]></description>
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							<title><![CDATA[Jay Powell's Challenge at the Fed]]></title>
							<link>https://www.ft.com/content/12e8e0fc-0763-11e8-9e12-af73e8db3c71?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271</link>
							<guid><![CDATA[https://www.ft.com/content/12e8e0fc-0763-11e8-9e12-af73e8db3c71?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271]]></guid>							
							<pubDate>Wed, 07 Feb 2018 00:00:00 -0600</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[Janet Yellen has completed her term as chair of the US Federal Reserve with unemployment much lower than it was when she began, inflation low and closer to target than when she began, and with the financial system better capitalised and more liquid than the one she inherited. What more...]]></description>
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							<title><![CDATA[Trump Doesn't Deserve Credit for Good Economic News]]></title>
							<link>https://www.washingtonpost.com/opinions/trump-doesnt-deserve-credit-for-all-the-economic-good-news/2018/01/21/1e7b8ee4-fd43-11e7-8f66-2df0b94bb98a_story.html?utm_term=.fddd8c3fe507</link>
							<guid><![CDATA[https://www.washingtonpost.com/opinions/trump-doesnt-deserve-credit-for-all-the-economic-good-news/2018/01/21/1e7b8ee4-fd43-11e7-8f66-2df0b94bb98a_story.html?utm_term=.fddd8c3fe507]]></guid>							
							<pubDate>Wed, 24 Jan 2018 00:00:00 -0600</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[But such a message needs to be accompanied by clear signals that the United States will strive to be a reliable and predictable partner, that it understands its interest in strong effective global institutions and that it recognizes that even self-interested nations can benefit from...]]></description>
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							<title><![CDATA[Corporate Tax Cuts Benefit the Rich]]></title>
							<link>https://www.washingtonpost.com/news/wonk/wp/2017/10/22/lawrence-summers-one-last-time-on-who-benefits-from-corporate-tax-cuts/?utm_term=.44c01efc0977</link>
							<guid><![CDATA[https://www.washingtonpost.com/news/wonk/wp/2017/10/22/lawrence-summers-one-last-time-on-who-benefits-from-corporate-tax-cuts/?utm_term=.44c01efc0977]]></guid>							
							<pubDate>Mon, 23 Oct 2017 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[I'&#'.ord('Ã').';''&#'.ord('‚').';' recently asserted'&#'.ord('Ã').';''&#'.ord('‚').';' that Kevin Hassett deserved a failing grade for his '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('œ').';'analysis'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('�').';' projecting that the Trump administration proposal to reduce the corporate tax rate from 35 to 20 percent would raise the wages of an average American family between $4,000 to $9,000. I chose...]]></description>
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							<title><![CDATA[America's Tax Plan Is Not Worth Its Name]]></title>
							<link>https://www.ft.com/content/357b4bf8-aaa9-11e7-ab66-21cc87a2edde?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271</link>
							<guid><![CDATA[https://www.ft.com/content/357b4bf8-aaa9-11e7-ab66-21cc87a2edde?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271]]></guid>							
							<pubDate>Mon, 09 Oct 2017 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[The US administration'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s tax plan is not a plan. It is a m'&#'.ord('Ã').';''&#'.ord('ƒ').';''&#'.ord('Â').';''&#'.ord('©').';'lange of ideas put forth without precision or arithmetic. It is not clear enough to permit the kind of careful quantitative analysis of budget costs, economic impacts and distributional implications that precedes...]]></description>
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							<title><![CDATA[The Fed's Job Is About to Become Much Harder]]></title>
							<link>https://www.ft.com/content/ad286162-7dd2-11e7-ab01-a13271d1ee9c?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271</link>
							<guid><![CDATA[https://www.ft.com/content/ad286162-7dd2-11e7-ab01-a13271d1ee9c?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271]]></guid>							
							<pubDate>Mon, 14 Aug 2017 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[With the term of Janet Yellen as Federal Reserve chair ending next February, the president will have to nominate and the Senate will have to confirm a new head of the central bank in coming months. There is much discussion of the merits and implications of possible candidates for the...]]></description>
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							<title><![CDATA[A Word of Advice for the Fed: Be Cautious]]></title>
							<link>https://www.ft.com/content/ab77d236-318c-11e7-9555-23ef563ecf9a?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271</link>
							<guid><![CDATA[https://www.ft.com/content/ab77d236-318c-11e7-9555-23ef563ecf9a?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271]]></guid>							
							<pubDate>Tue, 09 May 2017 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[The Fed will have little room to respond if it overdoes things and the economy goes into recession. Sometimes the hardest and most important decisions in government involve doing less rather than more. This is one of those times for the Fed. Caution should be its watchword.]]></description>
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							<title><![CDATA[Picking on Robots Won't Deal With Job Destruction]]></title>
							<link>https://www.ft.com/content/42ab292a-000d-11e7-8d8e-a5e3738f9ae4?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271</link>
							<guid><![CDATA[https://www.ft.com/content/42ab292a-000d-11e7-8d8e-a5e3738f9ae4?segmentId=7ac5b61e-8d73-f906-98c6-68ac3b9ee271]]></guid>							
							<pubDate>Mon, 06 Mar 2017 00:00:00 -0600</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[I usually agree with Bill Gates on matters of public policy and admire his emphasis on the combined power of markets and technology. But I think he went seriously astray in a recent interview when he proposed, without apparent irony, a tax on robots to cushion worker dislocation and...]]></description>
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							<title><![CDATA[Global Economy Enters Unexplored Territory]]></title>
							<link>https://www.washingtonpost.com/opinions/the-global-economy-has-entered-unexplored-dangerous-territory/2016/10/09/a04852ac-8e24-11e6-a6a3-d50061aa9fae_story.html</link>
							<guid><![CDATA[https://www.washingtonpost.com/opinions/the-global-economy-has-entered-unexplored-dangerous-territory/2016/10/09/a04852ac-8e24-11e6-a6a3-d50061aa9fae_story.html]]></guid>							
							<pubDate>Mon, 10 Oct 2016 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[As the world'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s finance ministers and central-bank governors came together in Washington last week for their annual global financial convocation, the mood was somber. The specter of secular stagnation and inadequate economic growth on the one hand, and ascendant populism and global...]]></description>
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							<title><![CDATA[The Age of Secular Stagnation]]></title>
							<link>http://larrysummers.com/2016/02/17/the-age-of-secular-stagnation/</link>
							<guid><![CDATA[http://larrysummers.com/2016/02/17/the-age-of-secular-stagnation/]]></guid>							
							<pubDate>Sat, 20 Feb 2016 00:00:00 -0600</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[As surprising as'&#'.ord('Ã').';''&#'.ord('‚').';' the recent financial crisis'&#'.ord('Ã').';''&#'.ord('‚').';' [1]'&#'.ord('Ã').';''&#'.ord('‚').';' and recession were, the behavior of the world'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s industrialized economies and financial markets'&#'.ord('Ã').';''&#'.ord('‚').';' during the recovery'&#'.ord('Ã').';''&#'.ord('‚').';' [2]'&#'.ord('Ã').';''&#'.ord('‚').';' has been even more so.'&#'.ord('Ã').';''&#'.ord('‚').';' Most observers expected the unusually deep recession to be followed by an...]]></description>
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							<title><![CDATA[The Fed Needs to Prepare for the Worst Right Now]]></title>
							<link>https://www.washingtonpost.com/opinions/why-the-fed-needs-to-prepare-for-the-worst-right-now/2016/01/10/b754a962-b7a3-11e5-99f3-184bc379b12d_story.html</link>
							<guid><![CDATA[https://www.washingtonpost.com/opinions/why-the-fed-needs-to-prepare-for-the-worst-right-now/2016/01/10/b754a962-b7a3-11e5-99f3-184bc379b12d_story.html]]></guid>							
							<pubDate>Mon, 11 Jan 2016 00:00:00 -0600</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[Often markets are volatile at the end of the year '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('”').';' as many traders go on holiday and those with losses unload them '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('”').';' and then settle down as a new year begins. Not this year. U.S. and European markets closed significantly lower on Friday after a very rough week despite a very...]]></description>
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							<title><![CDATA[Incrementalism Won't Cure Crises]]></title>
							<link>http://www.washingtonpost.com/opinions/incrementalism-wont-cure-these-crises/2015/07/12/30469f66-27fc-11e5-b77f-eb13a215f593_story.html</link>
							<guid><![CDATA[http://www.washingtonpost.com/opinions/incrementalism-wont-cure-these-crises/2015/07/12/30469f66-27fc-11e5-b77f-eb13a215f593_story.html]]></guid>							
							<pubDate>Mon, 13 Jul 2015 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[Against a backdrop of slow and diminishing growth forecasts, recent months and especially recent weeks have seen an extraordinary level of financial drama. While not rising to the level of systemic global crisis of 2008, or the 1997 Asia-Russia-Brazil Long-Term Capital Management period...]]></description>
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							<title><![CDATA[Greece's Impending Breakdown]]></title>
							<link>http://www.washingtonpost.com/opinions/the-consequences-of-greeces-impending-breakdown/2015/06/20/9a4ab5d8-174d-11e5-89f3-61410da94eb1_story.html</link>
							<guid><![CDATA[http://www.washingtonpost.com/opinions/the-consequences-of-greeces-impending-breakdown/2015/06/20/9a4ab5d8-174d-11e5-89f3-61410da94eb1_story.html]]></guid>							
							<pubDate>Mon, 22 Jun 2015 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[When, as now appears likely, Greece financially separates from Europe, it will at one level be no one'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s fault. The Greek leaders will rightly explain that having imposed more austerity on themselves than any industrial country has suffered since the Depression, they could not do...]]></description>
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							<title><![CDATA[Ending Presidents' Second-Term Curse]]></title>
							<link>http://www.washingtonpost.com/opinions/lawrence-summers-ending-presidents-second-term-curse/2014/08/10/84dee500-1f34-11e4-ae54-0cfe1f974f8a_story.html</link>
							<guid><![CDATA[http://www.washingtonpost.com/opinions/lawrence-summers-ending-presidents-second-term-curse/2014/08/10/84dee500-1f34-11e4-ae54-0cfe1f974f8a_story.html]]></guid>							
							<pubDate>Mon, 11 Aug 2014 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[Disillusionment with Washington has rarely run higher. Congress is unable to act even in areas where there is widespread agreement that measures are necessary, such as immigration, infrastructure spending and business tax reform. The Obama administration, rightly or wrongly, is...]]></description>
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							<title><![CDATA[The Inequality Puzzle]]></title>
							<link>http://www.realclearpolicy.com/</link>
							<guid><![CDATA[http://www.realclearpolicy.com/]]></guid>							
							<pubDate>Thu, 15 May 2014 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[Once in a great while, a heavy academic tome dominates for a time the policy debate and, despite bristling with footnotes, shows up on the best-seller list. Thomas Piketty'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s Capital in the Twenty-First Century is such a volume. As with Paul Kennedy'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s The Rise and Fall of the...]]></description>
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							<title><![CDATA[Changing Tax Code Can Curb Inequality]]></title>
							<link>http://www.washingtonpost.com/opinions/larry-summers-changing-the-tax-code-could-help-curb-inequality/2014/02/16/9e9c736e-9595-11e3-afce-3e7c922ef31e_story.html</link>
							<guid><![CDATA[http://www.washingtonpost.com/opinions/larry-summers-changing-the-tax-code-could-help-curb-inequality/2014/02/16/9e9c736e-9595-11e3-afce-3e7c922ef31e_story.html]]></guid>							
							<pubDate>Tue, 18 Feb 2014 00:00:00 -0600</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[The United States may be on course to becoming a '&#'.ord('Â').';''&#'.ord('“').';'Downton Abbey'&#'.ord('Â').';''&#'.ord('”').';' economy. There are valid causes for concern about inequality: sharp increases in the share of income going to the top 1 percent of earners, a rising share of income going to profits, stagnant real wages and a rising gap...]]></description>
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							<title><![CDATA[Lessons From Reinhart-Rogoff's Errors]]></title>
							<link>http://www.washingtonpost.com/opinions/lessons-can-be-learned-from-reinhart-rogoff-error/2013/05/05/6ea6aa72-b43f-11e2-bbf2-a6f9e9d79e19_story.html</link>
							<guid><![CDATA[http://www.washingtonpost.com/opinions/lessons-can-be-learned-from-reinhart-rogoff-error/2013/05/05/6ea6aa72-b43f-11e2-bbf2-a6f9e9d79e19_story.html]]></guid>							
							<pubDate>Mon, 06 May 2013 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[The economics commentariat and no small part of the political debate have been consumed recently with the controversy surrounding the work of my Harvard colleagues (and friends) Carmen Reinhart and Ken Rogoff. Their work had been widely interpreted as establishing that economic growth...]]></description>
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							<title><![CDATA[Time for Governments to Borrow More]]></title>
							<link>http://www.washingtonpost.com/opinions/it-is-time-for-governments-to-borrow-more-money/2012/06/04/gJQAaky4DV_story.html</link>
							<guid><![CDATA[http://www.washingtonpost.com/opinions/it-is-time-for-governments-to-borrow-more-money/2012/06/04/gJQAaky4DV_story.html]]></guid>							
							<pubDate>Tue, 05 Jun 2012 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[With the past week'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s dismal jobs data in the United States, signs of increasing financial strain in Europe and discouraging news from China, the proposition that the global economy is returning to a path of healthy growth looks highly implausible.It is more likely that negative...]]></description>
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							<title><![CDATA[U.S. Must Combat Inequality Problem]]></title>
							<link>http://www.washingtonpost.com/opinions/three-ways-to-combat-rising-inequality/2011/11/20/gIQAvGb5fN_story.html</link>
							<guid><![CDATA[http://www.washingtonpost.com/opinions/three-ways-to-combat-rising-inequality/2011/11/20/gIQAvGb5fN_story.html]]></guid>							
							<pubDate>Mon, 21 Nov 2011 00:00:00 -0600</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[There has been a strong and troubling shift in market rewards for a small minority relative to the rewards available to most citizens. A recent Congressional Budget Office study found that incomes of the top 1 percent of the U.S. population (adjusted for inflation) rose 275 percent from...]]></description>
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							<title><![CDATA[A Bailout is Just a Start]]></title>
							<link>http://www.washingtonpost.com/wp-dyn/content/article/2008/09/28/AR2008092802232.html</link>
							<guid><![CDATA[http://www.washingtonpost.com/wp-dyn/content/article/2008/09/28/AR2008092802232.html]]></guid>							
							<pubDate>Mon, 29 Sep 2008 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[]]></description>
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							<title><![CDATA[Global Consensus on Trade Unravelling]]></title>
							<link>http://www.ft.com/cms/s/0/111b33e6-71ff-11dd-a44a-0000779fd18c.html</link>
							<guid><![CDATA[http://www.ft.com/cms/s/0/111b33e6-71ff-11dd-a44a-0000779fd18c.html]]></guid>							
							<pubDate>Mon, 25 Aug 2008 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[]]></description>
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							<title><![CDATA[A Dangerous Moment for U.S. Economy]]></title>
							<link>http://www.ft.com/cms/s/0/916e6012-45fa-11dd-9009-0000779fd2ac.html</link>
							<guid><![CDATA[http://www.ft.com/cms/s/0/916e6012-45fa-11dd-9009-0000779fd2ac.html]]></guid>							
							<pubDate>Mon, 30 Jun 2008 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[]]></description>
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							<title><![CDATA[Steps That Can Safeguard the Economy]]></title>
							<link>http://www.ft.com/cms/s/0/073802f2-fe6c-11dc-9e04-000077b07658.html</link>
							<guid><![CDATA[http://www.ft.com/cms/s/0/073802f2-fe6c-11dc-9e04-000077b07658.html]]></guid>							
							<pubDate>Mon, 31 Mar 2008 00:00:00 -0500</pubDate>
							<author>Larry Summers</author>
							<description><![CDATA[]]></description>
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