However, these extracts are typically a very small percentage of the overall original work or publication. Should you wish to convey this material, in the same spirit, you are free to do so. Like his senior partner in the economy-monitoring game, the Federal Reserve's reigning wizard, Alan Greenspan, Summers is one of those charged with taking the irrational out of the exuberance. In Japan, it's the complacency of diminished expectations. Summers frets about Congress going bananas on tax cuts.
Nobody thinks the stock market can keep doubling every four years.
The era of factory jobs for the unskilled or poorly educated is over. Greenspan's speech at BC triggered a stock market selloff that pared 5 percent off the Dow Jones industrial average over 24 hours. Summers links congressional approval of the Clinton plan to grant China full trading rights in the World Trade Organization to the continuation of US prosperity. The umbrella labor outfit has paid for ads running against Senator John Kerry on the trade issue here in Massachusetts. They're going to make his paycheck diminish - and make it more likely his son will be in a war in Asia.