AP wire: Summers to Leave White House return to Harvard.
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Associated Press writer Julie Page reports.
Caren Bohan and Ross Colvin of Reuters weigh in.
I’m working on the ‘Welcome Home’ party.
The initial report of the announcement from the Crimson.
The Obama administration emphasized Harvard’s policy in its announcement that Summers would resign his post, but many critics publicly wondered whether the University could not have made an exception for someone of Summers’ stature.
Translation: No, we’re not unhappy with him or he with us. It’s just that Harvard tenure is just too good to lose. Re-translation: No nuthin’ wrong here.
This same discussion came up when N. Gregory Mankiw returned to Harvard Economics after serving as Chairman of the Council of Economic Advisors. At one time, Chair of CEA was the highest ranking economics position in the White House. Recent news coverage makes it appear that the position Summers held, Director of the National Economics Council is now the highest.
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