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The 2002 Washington Economic Policy Conference
Speakers Page
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David Andrea
Director, Forecasting Group
Center for Automotive Research at Altarum
David Andrea is the Director of the Forecasting Group, Center
for Automotive Research at Altarum, a not-for-profit organization.
He is responsible for activities focusing on forecasting the business-operating
environment (market demand, regulatory requirements, and product
technology) and associated risks to existing business models, invested
capital base, and company technology portfolios.
Previous to his current position at CAR, Mr. Andrea was chief economist
with CSM Worldwide, a Michigan-based automotive forecasting and
consulting firm, and responsible for tracking international economic
and political trends as well as establishing vehicle sales forecasts
for 12 major countries. Before this position, he served as the automotive
equity investment analyst with Roney & Co. (now Raymond James),
a Detroit-based, regional investment bank. In this position he made
investment recommendations on a portfolio of automotive manufacturers
and suppliers.
Between 1994 and 1996, Mr. Andrea was director of forecasting
with AutoPacific, Inc., providing economic and sales analysis, along
with market and product technology trend analysis. Prior to AutoPacific,
he worked for eight years with the University of Michigan's Office
for the Study of Automotive Transportation, leaving as an Assistant
Research Scientist. There he was involved in a wide range of market
and product technology trend analysis as well as issues such as
international trade.
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Alan Blinder
Professor
Princeton University
Alan S. Blinder is currently the Gordon S. Rentschler Memorial
Professor of Economics and Co-Director of the Center of Economic
Policy Studies at Princeton University, and Vice Chairman of the
G7 Group.
Dr. Blinder was the Vice Chairman of
the Board of Governors of the Federal Reserve System from June 1994
until January 1996. In this position, he represented the Fed at
various international meetings, and was a member of the Board's
committees on Bank Supervision and Regulation, Consumer and Community
Affairs, and Derivative Instruments. He also chaired the Board in
the Chairman's absence.
Before becoming a member of the Board,
he served as a Member of President Clinton's original Council of
Economic Advisers from January 1993 until June 1994. There he was
in charge of the Administration's macroeconomic forecasting and
also worked intensively on budget, international trade, and health
care issues.
Dr. Blinder was born on October 14,
1945 in Brooklyn, New York. He earned his A.B. at Princeton University
in 1967, M.Sc at London School of Economics in 1968, and Ph.D. at
the Massachusetts Institute of Technology in 1971 -- all in Economics.
At Princeton, Dr. Blinder chaired the Department of Economics from
1988 to 1990, and founded Princeton's Center for Economic Policy
Studies. He has taught at Princeton since 1971.
Dr. Blinder is the author or co-author
of 12 books, including the textbook Economics: Principles and Policy
(with William J Baumol) now in its 7th edition, from
which well over a million college students have learned introductory
economics. He has also written scores of scholarly articles on such
topics as fiscal policy, monetary policy, and the distribution of
income. From 1985 until joining the Clinton Administration, Dr.
Blinder wrote a lively monthly column in Business Week magazine.
Dr. Blinder served briefly as Deputy
Assistant Director of the Congressional Budget Office when that
agency started in 1975 and has testified many times before Congress
on a wide variety of public policy issues. He is a Governor of the
American Stock Exchange, a Trustee of the Russell Sage foundation,
and has been elected to the American Philosophical Society and the
American Academy of Arts and Sciences.
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Kathleen Cooper
Under Secretary for Economic Affairs
U.S. Dept of Commerce
As the Commerce Department Under Secretary for Economic Affairs,
Kathleen B. Cooper serves as the principal economic adviser to Secretary
Donald L. Evans and the CEO of a 7000-employee organization that
gathers, calculates, and disseminates much of the U.S. demographic,
social, and economic data. Business leaders, policy makers, indeed
all Americans, base decisions on the economic and demographic information
in Dr. Cooper's purview, including reports on the nation's gross
domestic product, retail sales, personal income, housing starts,
inventory levels, and international trade.
She is the Administrator of the Economics and Statistics Administration
and oversees two statistical agencies -- the Bureau of Economic
Analysis and the Census Bureau -- and the Internet information resource,
STAT-USA.
Prior to joining the Bush Administration, Dr. Cooper was the Chief
Economist and Manager of the Economics and Energy Division at the
Exxon Mobil Corporation, where she advised corporate leadership
on the global business environment and energy markets and developed
appropriate assumptions for planning purposes. As part of executive
management, she shaped company positions on international trade,
tax, and environmental policy issues.
Before joining Exxon Mobil in 1990, Dr. Cooper was Executive Vice
President and Chief Economist of Security Pacific National Bank
in Los Angeles. She led the bank's Economics Department, which conducted
international, financial market, industry risk, and regional research.
Dr. Cooper began her career as the Corporate Economist and then
Chief Economist of the United Banks of Colorado, lecturing part
time for one year on economics and statistics at the University
of Colorado at Denver.
Dr. Cooper was Vice Chairman of the National Bureau of Economic
Research, which is known for its scholarly research and for dating
business cycles and recessions. She served as president of the National
Association of Business Economists, chairman of the American Bankers
Association's Economic Advisory Committee, a trustee of the Committee
for Economic Development and the American Council for Capital Formation,
and president and of the US Association for Energy Economics where
she remains involved as a senior fellow. Dr. Cooper is a member
of the Conference of Business Economists.
She served as a trustee of Scripps College in Claremont, California
and on the Board of Directors of Goodwill Industries of Metropolitan
Dallas and the Single Room Occupancy Housing Corporation in Los
Angeles. Dr. Cooper also was treasurer of the International Women's
Forum.
Dr. Cooper holds a bachelor's degree in mathematics and a master's
degree in economics from the University of Texas at Arlington and
a doctorate in economics from the University of Colorado.
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David A Dodge
Governor
Bank of Canada
David A Dodge was appointed Governor of the Bank of Canada on 1
February 2001, for a term of seven years. As Governor, he is Chairman
of the Board of Directors of the Bank.
A native of Toronto, Mr. Dodge received a bachelor’s degree (honours)
in economics from Queen’s University and a PhD in economics from
Princeton (1972). During his academic career he has served as Assistant
Professor of Economics at Queen’s University; Associate Professor
of Canadian Studies and International Economics at the School of
Advanced International Studies, Johns Hopkins University; Senior
Fellow in the Faculty of Commerce at the University of British Columbia;
and Visiting Professor in the Department of Economics at Simon Fraser
University. He has also served as Director of the International
Economics Program of the Institute on Research in Public Policy.
During a distinguished career in the federal public service, Mr.
Dodge has held senior positions in the Central Mortgage and Housing
Corporation, the Anti-Inflation Board, and the Department of Employment
and Immigration. After serving in a number of increasingly senior
positions at the Department of Finance, including that of G-7 Deputy,
Mr. Dodge was appointed Deputy Minister of Finance in 1992. In that
role, he served as a member of the Bank’s Board of Directors until
1997.
During the academic year 1997-98, Dr. Dodge took leave from the
federal government to work as a Senior Fellow in the Faculty of
Commerce at the University of British Columbia and a Visiting Professor
in the Department of Economics at Simon Fraser University.
Mr. Dodge returned to the federal public service in 1998 when he
was appointed Deputy Minister of Health, where he served until the
announcement of his appointment as Governor of the Bank of Canada.
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William Dunkelberg
Chief Economist
National Federation of Independent Business
Currently Professor of Economics at the School of Business and
Management , Temple University, where Dr. Dunkelberg served as Dean
from 1987 through 1994 and as Director of the Center for the Advancement
and Study of Entrepreneurship from 1991 through 1994. His prior
appointments were at the Krannert Graduate School of Management,
Purdue University [ Professor of Management and Economics and Associate
Director, Credit Research Center], the Graduate School of Business,
Stanford University [Associate Professor of Business Economics]
and the Survey Research Center at the University of Michigan [Study
Director, Economic Behavior Program]. He has served as the Chief
Economist for the National Federation of Independent Business since
1971. He has a Ph.D. degree in Economics from the University of
Michigan (1969).
Dr. Dunkelberg is a nationally known authority on small business,
entrepreneurship, consumer behavior and consumer credit and government
policy. He was reported by the New York Times to be one of four
final candidates for Vice Chairman of the Board of Governors of
the Federal Reserve System in 1981, served as an advisor to the
Secretary of Commerce, and was appointed to the Consumer Advisory
Council of the Federal Reserve System in 1989 [2 year term]. He
is a past president and a Fellow of the National Association of
Business Economists [NABE]. He was appointed to the Census Advisory
Committee representing the American Economic Association in 1992
and again in 1995 (serving as chair) and served on the board of
The National Bureau of Economic Research from 1996 to 1999. He is
an elected member of the Conference of Business Economists and the
National Business Economic Issues Council and the first recipient
of the Small Business Administration's Research Advocate of the
Year award.
Dr. Dunkelberg has presented expert testimony before the U.S. House
and Senate on consumer credit, inflation, tax reform, the minimum
wage, small business, electronic funds transfer systems, energy
efficiency standards, health care and monetary and fiscal policy.
He has appeared on CNN, CNBC, the ABC, CBS and NBC EVENING NEWS
programs, GOOD MORNING AMERICA and numerous local news and business
TV and radio shows. He is frequently quoted in major news publications
including the Wall Street Journal, Business Week, the New York Times,
U.S. New and World Report, Grants Interest Rate Observer, USA Today,
Time, the Washington Post and Newsweek and serves on the economic
forecasting panels for USA Today and Business Week and Forbes. He
has authored and co-authored numerous books and articles and writes
a monthly small business economic report for the National Federation
of Independent Business. He had his own radio show on WPHT 1210
AM Philadelphia (50,000 watts) every Sunday for 2 years and his
editorials have been carried by KYW NEWS RADIO for nine years.
Dr. Dunkelberg received his Ph.D. in Economics from the University
of Michigan. He serves on the boards of NCO Group, ADVANTA Corp.(1989-2001),
Active-e Solutions, Penn Tackle Mfg., Made4me.com (a founder), the
Global Interdependence Center (Chair), the Credit Research Center
(Georgetown Univ.), the Commonwealth Foundation, the International
Visitors Council, The Ben Franklin Innovation Investment Advisory
Committee, the Javie Foundation for Charity, the Laboratory for
Student Success, and the Pennsylvania Council on Economic Education.
Dr. Dunkelberg has served as a regional judge for the Ernst &
Young Entrepreneur of the Year program for 10 years, a national
judge in 2001, and as a member of the board of the Greater Philadelphia
Chamber of Commerce.
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Stephen E. Flynn, Ph.D.
Commander, U.S. Coast Guard
Senior Fellow, National Security Studies Program
Council on Foreign Relations
Stephen Flynn is a Senior Fellow with the National Security Studies
Program at the Council on Foreign Relations, headquartered in New
York City. He is also a Commander in the U.S. Coast Guard and member
of the Permanent Commissioned Teaching Staff at the U.S. Coast Guard
Academy. Currently at the Council he is directing a multi-year project
on "Protecting the Homeland: Rethinking the Role of Border
Controls." He has served in the White House Military Office
during the George H.W. Bush administration and as a Director for
Global Issues on the National Security Council staff during the
Clinton administration.
He is author of several articles and book chapters on border control,
homeland security, the illicit drug trade, and transportation security,
including the "American the Vulnerable" Foreign Affairs
(Jan/Feb 2002) and "The Unguarded America" which appears
in a collection of essays on the September 11 attacks published
by PublicAffairs Books. He was a Guest Scholar in the Foreign Policy
Studies Program at the Brookings Institution from 1991-92, and in
1993-94 he was an Annenberg Scholar-in-Residence at the University
of Pennsylvania. He is a 1982 graduate of the U.S. Coast Guard Academy
and has served twice in command at sea. He received a M.A.L.D. and
Ph.D. in 1990 and 1991 from the Fletcher School of Law and Diplomacy,
Tufts University.
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Rick Gallagher,
Stores Magazine, Publisher and Editor-in-Chief
NRF Vice President
Mr. Gallagher is a nationally recognized authority with two decades
of
experience reporting on the retail industry.
He is a sought-after commentator on the industry, with appearances
on NBCs Today show; ABCs Good Morning
America; PBS News Hour with Jim Lehrer ;
CNNs Moneyline With Lou Dobbs, Inside Business
and Headline News; CNBCs Todays Business,
Market Wrap, Money Wheel, Business
Insiders and Power Lunch; Fox Morning News;
Reuters Financial Television, Wall Street Journal Radio Network,
CNN Network Radio, National Public Radio and
ABC Information Network radio.
His views have also appeared in The Wall Street Journal;
The New York Times and Businessweek. He
is a winner of the Jesse Neal Award, the highest honor presented
by the American Business Press
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John S. Greelees
Assistant Commissioner for Consumer Prices and Price Indexes
Bureau of Labor Statistics
John S. Greenlees is the Assistant Commissioner for Consumer Prices
and Price Indexes at the U.S. Bureau of Labor Statistics (BLS).
In this capacity he is responsible for all production and development
activities in the Consumer Price Index (CPI) program. In recent
years, these activities have included the sixth Major Revision of
the CPI in 1998, the introduction in 1999 of a new geometric mean
formula for basic index calculation, a broad expansion of the use
of hedonic regression for quality adjustment, and the design of
a new superlative index for introduction later in 2002. He represents
the Bureau on matters relating to price measurement generally and
the CPI in particular.
Prior to joining the CPI program in 1995, Dr. Greenlees was Director
of the Office of Economic Analysis in the Treasury Department's
Office of the Assistant Secretary for Economic Policy. He directed
a staff of several professional economists, preparing policy memoranda
and research papers on a variety of issues including the regulation
of the insurance industry, the financial solvency of Social Security,
infrastructure finance, and the distribution of federal taxes and
transfers. His other Treasury research included the impact of tax
reform on the cost of capital, the relationship of government deficits
and personal saving, and the behavioral response to capital gains
taxation.
Dr. Greenlees was Chief of the Division of Price and Index Number
Research at BLS from 1982 to 1985. There, he directed a staff of
economists and other professionals providing research and consulting
services on topics such as the incorporation of taxes in cost-of-living
indexes, the use of X11-Arima for seasonal adjustment, alternative
weighting techniques in the Consumer Expenditure Survey, and the
development of an approach for including service industries in the
Producer Price Index program.
Dr. Greenlees is a member of the Executive Committee of the Conference
on Research in Income and Wealth, and also a member of the Steering
Bureau of the International Working Group on Price Indices (the
Ottawa Group). He is a graduate of the University of California
at Berkeley, and holds an M.A. from the University of Chicago and
a Ph.D. in Economics from UCLA.
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William J Hannigan
Chairman and CEO
Sabre
William J. Hannigan is chairman and chief executive of Sabre,
the worldÕs leading provider of technology, distribution and marketing
services for the travel industry. Hannigan was elected to the Sabre
board of directors and named president and CEO in December of 1999.
In March of 2000, the company spun off from its long-time parent,
AMR, and Hannigan was named chairman of the board.
Under Hannigan's leadership, Sabre has completed several key transactions
that position the company for higher growth and profitability. In
March 2000, Sabre completed a merger of Travelocity and Preview
Travel -- creating a new public company that's the undisputed leader
in the online consumer travel channel. Sabre then acquired GetThere
and combined it with its Sabre Business Travel Solutions -- creating
the leader in the corporate online travel channel. Sabre has strengthened
its position in Europe by buying majority stake in Germany-based
Dillon Communication Systems and by acquiring Ireland-based Gradient
Solutions. And in July of 2001, the company announced a multi-billion
dollar transaction with EDS, which included the sale of Sabre's
airline infrastructure outsourcing business unit and a joint marketing
agreement.
Prior to his appointment at Sabre, Hannigan held several senior
executive positions at SBC Communications, including president of
SBC Global Markets and president of Southwestern Bell's $4.5 billion
Business Services unit.
Prior to SBC, Hannigan spent 13 years at Sprint. He began his
career at Sprint as a field engineer. He then served in positions
of increasing responsibility, including vice president and general
manager-West Area, and vice president of Engineering and Applications
Support.
Hannigan earned a master's degree in business administration from
the University of Colorado. He also served six years in the U.S.
Navy Submarine Service. He is a member of the Board of the Dallas
Citizens Council and the Cotton Bowl Athletic Association. He also
served on the Technology Advisory Committee to the Bush-Cheney 2000
Campaign.
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John D. Hawke
Comptroller of the Currency
John D. Hawke, Jr. was sworn in as the 28th Comptroller of the
Currency on December 8, 1998. After serving for 10 months under
a Recess Appointment, he was sworn in for a full five-year term
as Comptroller on October 13, 1999.
The Comptroller of the Currency is the Administrator of National
Banks. The Office of the Comptroller (OCC) supervises 2,600 federally
chartered commercial banks and about 66 federal branches and agencies
of foreign banks in the United States comprising more than half
of the assets of the commercial banking system. The Comptroller
also serves as a Director of the Federal Deposit Insurance Corporation,
the Federal Financial Institutions Examination Council, and the
Neighborhood Reinvestment Corporation.
Prior to his appointment as Comptroller, Mr. Hawke served for 3-1/2
years as Under Secretary of the Treasury for Domestic Finance. In
that capacity he oversaw the development of policy and legislation
in the areas of financial institutions, debt management and capital
markets, and served as Chairman of the Advanced Counterfeit Deterrence
Steering Committee and as a member of the board of the Securities
Investor Protection Corporation. Before joining Treasury, Mr. Hawke
was a Senior Partner at the Washington, D.C. law firm of Arnold
& Porter, which he first joined as an associate in 1962. At
Arnold & Porter he headed the Financial Institutions practice,
and from 1987 to 1995 he served as Chairman of the firm. In 1975
he left the firm to serve as General Counsel to the Board of Governors
of the Federal Reserve System, returning in 1978.
Mr. Hawke graduated from Yale University in 1954 with a B.A. in
English. From 1955 to 1957 he served on active duty with the U.S.
Air Force. After graduating in 1960 from Columbia University School
of Law, where he was Editor-in-Chief of the Columbia Law Review,
Mr. Hawke was a law clerk for Judge E. Barrett Prettyman on the
United States Court of Appeals for the District of Columbia Circuit.
From 1961 to 1962 he served as counsel to the Select Subcommittee
on Education in the House of Representatives.
From 1970 to 1987 Mr. Hawke taught courses on federal regulation
of banking at the Georgetown University Law Center. He has also
taught courses on bank acquisitions and financial regulation and
serves as the Chairman of the Board of Advisors of the Morin Center
for Banking Law Studies.
In 1987 Mr. Hawke served as a member of a Committee of Inquiry
appointed by the Chicago Mercantile Exchange to study the role of
futures markets in connection with the stock market crash in October
of that year.
Mr. Hawke has written extensively on matters relating to the regulation
of financial institutions, and is the author of "Commentaries
on Banking Regulation," published in 1985. He was a founding
member of the Shadow Financial Regulatory Committee, and served
on the committee until joining Treasury in April 1995.
Mr. Hawke is a member of the Cosmos Club, the Economic Club of
Washington and the Exchequer Club of Washington.
Born in New York City on June 26, 1933, Mr. Hawke resides in Washington,
D.C. He was married in 1962 to the late Marie R. Hawke and has four
adult children, Daniel, Caitlin, Anne and Patrick, and one grandchild,
Spencer Patrick Hawke.
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R. Glenn Hubbard
Chair
Council of Economic Advisors
R. Glenn Hubbard was confirmed by the Senate on May 10, and was
appointed by the President on May 11, 2001 as Chairman of the Council
of Economic Advisers.
He received his Ph.D. in economics from Harvard University in 1983.
Dr. Hubbard is on a leave of absence from Columbia University where
he is the Russell L. Carson Professor of Economics and Finance and
Co-Director of the Entrepreneurship Program in the Graduate School
of Business and Professor of Economics in the Faculty of Arts and
Sciences. He also served as Senior Vice Dean of the Graduate School
of Business. At the National Bureau of Economic Research, he is
a research associate. Prior to joining the Columbia faculty in 1988,
he taught at Northwestern University. He also served as a visiting
professor at the John F. Kennedy School of Government at Harvard
University, the Graduate School of Business of the University of
Chicago, the Harvard Business School, and as a John M. Olin Fellow
at the National Bureau of Economic Research, where he is a research
associate. From 1991-1993, he was Deputy Assistant Secretary (Tax
Analysis) of the U. S. Treasury Department.
Dr. Hubbard's research interests span public economics, macroeconomics,
corporate finance, and industrial organization. A prolific author,
Dr. Hubbard has authored a textbook on financial markets and institutions,
edited volumes on financial economics and international tax policy,
and written more than 90 scholarly articles. In addition to his
responsibilities at Columbia and the National Bureau of Economic
Research, Dr. Hubbard served as the Director of the Program on Tax
Policy at the American Enterprise Institute in Washington, D. C.
He has been a consultant to the U. S. Department of the Treasury,
Federal Reserve Bank of New York, Board of Governors of the Federal
Reserve System, the National Science Foundation, and numerous private
corporations.
Dr. Hubbard is married to Constance Pond and they have two sons,
Raph and William.
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Sara Johnson
Managing Director,
DRI-WEFA
Sara Johnson is Managing Director of the Global Macroeconomics Group
at DRI-WEFA, a Global Insight Company formed in May 2001. In this
role, she is responsible for advisory economics services and business
development. Ms. Johnson previously served as North American Research
Director and Chief Regional Economist with Standard & Poor?s
DRI. As Research Director, she was responsible for DRI?s U.S. and
Canadian forecasting services and served on Standard & Poor?s
five-member Economic Council. As Chief Regional Economist, Ms. Johnson
directed the economic modeling, forecasting, and analyses of states,
metropolitan areas, and counties of the United States. She also
managed business relationships and consulting projects with state
and local government clients and trade organizations.
Ms. Johnson holds a B.A. degree in economics and mathematics from
Wellesley College and an M.A. in economics from Harvard University
with concentrations in finance and macroeconomic theory.
Ms. Johnson has served on the Boards of Trustees of the Boston
1784 Funds and BayFunds. She is a member of the Boston Economic
Club and a past president of the Boston Association of Business
Economists, a regional chapter of the National Association for Business
Economics. She is currently president of The New York Collegium,
a Baroque period orchestra and chorus performing in New York and
Boston, and an overseer of Newton-Wellesley Hospital.
Since 1991, Ms. Johnson has served on the Governor's Economic Council,
advising three Massachusetts governors on public policy and economic
development and chairing the Governor's Task Force on Tax Policy
and Capital Formation through 1999.
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Christine S. Loredo
Senior Analyst, International Wireless Practice
Mrs. Loredo is a Senior Analyst in The Strategis Group's Global
Mobile Wireless Research. Some recent publications include Next
Generation Mobile: Global Licensing Valuation & Operator Strategies,
Strategis Databank, North American Wireless Infrastructure, and
Global Next Generation Wireless Technology and Infrastructure Forecasts.
Mrs. Loredo is often quoted in the media as an expert in next generation
wireless infrastructure and frequently speaks on various topics
relating both to technology and infrastructure. Mrs. Loredo has
experience with statistics and modeling and speaks Spanish and French.
She has acquired knowledge of the telecommunications industry through
her professional experience in private sectors. Prior to working
at The Strategis Group, Mrs. Loredo worked for Global Telesystems
Inc. where she analyzed new opportunities for the wholesale division.
Mrs. Loredo has held prior positions and internships with wireless
operators.
Academic achievements:
- MIM, Finance, The American Graduate School of International
Management (Thunderbird)
- MBA, University of Colorado, Denver
- BA, International Business & Marketing, University of Colorado,
Boulder
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John Tepper Marlin
Chief Economist
Office of the New York City Comptroller
JOHN TEPPER MARLIN is Chief Economist to the New York City Comptroller
and served in this office for two prior City Comptrollers starting
in 1992. He graduated from Harvard in 1962, earned a BA and MA from
Oxford and received his PhD in economics from the George Washington
University in 1968. He was a Federal Government economist from 1964
to 1969, at the Federal Reserve Board, SBA and FDIC. He then became
an Assistant Professor at Baruch College, City University of New
York. In 1973 he founded the Council on Municipal Performance and
served as its President and CEO for 15 years. In 1988 he created
JTM Reports and was its President and CEO for five years. Under
NYC Comptroller Holtzman in 1993 he was responsible for estimating
the damage caused by the bombing of the World Trade Center and under
NYC Comptroller Hevesi in 2001 he was responsible for the first
estimates of the economic damage of the September 11 attack in the
WTC. He is Vice President of the New York Association for Business
Economics. He has written 15 books on urban economies and articles
in The Journal of Money Credit and Banking, The John Liner Review,
The Journal of Economic Perspectives, Risk Management, Public Budgeting
and Finance, The Journal of Accountancy, and The Bankers
Magazine as well as four Op-Ed articles in The New York Times.
He is an Adjunct Professor at Pace University and NYU. His bio appears
in Who's Who in America.
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William McDonough
President and CEO
Federal Reserve Bank of New York
William J. McDonough was appointed the eighth president and chief
executive officer of the Federal Reserve Bank of New York on July
19, 1993. In that capacity, he serves as the vice chairman and a
permanent member of the Federal Open Market Committee (FOMC), the
group responsible for formulating the nation's monetary policy.
Mr. McDonough also serves as a member of the Board of Directors
of the Bank for International Settlements and chairman of the Basel
Committee on Banking Supervision.
Mr. McDonough joined the New York Fed in January 1992 as executive
vice president, head of the bank's markets group, and the manager
of open market operations for the FOMC.
Mr. McDonough, 67, retired from First Chicago Corp. and its bank,
First National Bank of Chicago, in 1989 after a 22-year career there.
He was vice chairman of the board and a director of the bank holding
company from 1986 until his retirement. Before joining the New York
Fed, Mr. McDonough served as an advisor to a variety of domestic
and international organizations.
Prior to his career with First Chicago, Mr. McDonough was with
the U.S. State Department from 1961 to 1967 and the U.S. Navy from
1956 to 1961.
Mr. McDonough earned a master's degree in economics from Georgetown
University in Washington, D.C., in 1962, and a bachelor's degree,
also in economics, from Holy Cross College in Worcester, Mass.,
in 1956.
Mr. McDonough is a member of the board of directors of the New
York Philharmonic Orchestra, the Foreign Policy Association, the
Council on Foreign Relations, and the Institute for International
Economics. In addition, Mr. McDonough is a member of the Trilateral
Commission and the Group of Thirty.
Mr. McDonough is married and lives in New York City.
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Michael Nevens
Director
McKinsey Global Institute
Mike Nevens is a Director in McKinsey & Company's Silicon Valley
Office. He is the managing partner of the Firm's Global High Tech
Practice. Mr. Nevens also serves on the Firm's Professional Conduct
and Standards Committee and chairs the Firm's IT vendor relations
committee. He works primarily with clients in the computer, software,
networking, semiconductor, aerospace, and telecommunications industries
on a variety of management issues.
He has worked with clients in North America, Europe, and Asia to
assist in revitalizing core businesses, new business creation, and
market entry. In addition, he has worked with leading high tech
companies on improving board effectiveness, organization, acquisitions,
mergers, and alliances. Further, he has led assignments to assist
clients in operational improvements in sales and marketing, R&D,
manufacturing, purchasing, supply chain.
Mr. Nevens has written on these issues in The Wall Street Journal,
Financial Times, ZDNet, and Harvard Business Review and has spoken
to numerous industry groups.
Prior to joining McKinsey in 1980, Mr. Nevens held several staff
positions with the U.S. House of Representatives and various political
campaign organizations. Prior to that, he was a consultant with
Arthur Andersen & Company's computer systems practice.
Mr. Nevens received a B.S. degree and pursued Master's studies
in Physics at the University of Notre Dame. He also received a M.S.
in Industrial Administration from the Krannert School of Purdue
University. At Purdue, he was designated a Krannert Scholar. Mr.
Nevens is past president and member of the board of trustees of
the San Jose Museum of Art; and is co-chair of the board of the
CEO Forum, a nationwide business, education, and labor group promoting
the appropriate use of technology in education, and a member of
the executive committee of the Democratic Forum of Silicon Valley.
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Len M Nichols
Vice President
Center for Studying Health System Change
Len Nichols joined the Center for Studying Health System Change
as Vice President in October of 2001. He will provide leadership
in shaping the research of the Center to inform the policy process
in a timely and nonpartisan way, in addition to continuing his own
research agenda related to private health insurance and health care
markets. He will continue to study the decisions of employers to
offer health insurance, of workers to buy insurance, of health plans
to use manage care techniques, of physicians to practice in certain
ways, of nurses to work in certain settings, and of patients to
use care in particular circumstances, all within environments and
contexts defined by federal, state, and local policy makers. Len's
research will focus on policy inferences, as it always has. He remains
a member of the Competitive Pricing Advisory Commission (CPAC) for
the U.S. Medicare program, and recently served as a member of the
Technical Review Panel for the Medicare Trustees Reports.
During the first two years of the Clinton Administration, Len was
the Senior Advisor for Health Policy at the Office of Management
and Budget (OMB). He managed and coordinated cost and revenue estimation
for President Clinton's Health Security Act (HSA) and its congressional
successors. He was part of the staff of the original Health Care
Task Force, and he worked throughout 1993 on policy development
for the HSA, with primary responsibility for the HSA cost and revenue
estimates that went into the fiscal year 1995 budget submission
to Congress. During 1994 he was part of a small team that provided
technical policy development support for the White House and for
congressional committees and leadership. He was the lead administration
analyst for coordinating estimation methodology with the Congressional
Budget Office. Prior to OMB, Dr. Nichols was a visiting Public Health
Service Fellow at the Agency for Health Care Policy and Research
during 1991-1992, and prior to that he was an Associate Professor
and Economics Department Chair at Wellesley College, where he taught
from 1980-1991.
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Honorable Paul H. O'Neill
Secretary
Department of the Treasury
Paul H. O'Neill was nominated by then President-Elect George W.
Bush on December 20, 2000, to be the 72nd Secretary of the Treasury.
His confirmation hearing was held on January 17, 2001, Mr. O'Neill
received Senate confirmation and was sworn in on January 20, 2001.
O'Neill's unique experience transforming an old economy firm into
a new economy success has been chronicled as a study by the Harvard
Business School, and studied in business schools across the nation.
O'Neill has gained valuable insights into international finance
and the global economy as head of a major corporation with 140,
000 employees spread across 36 nations. O'Neill's mastery of federal
budget details and process stems from his tenure at the U.S. Office
of Management and Budget.
Mr. O'Neill served as Chairman and CEO of Alcoa from 1987 until
1999. He retired as chairman at the end of 2000. In 1977, O'Neill
joined International Paper Company as Vice President for Planning,
aserving in that capacity until 1985.
Between 1967 and 1977, O'Neill served at the U.S. Office of Management
and Budget (OMB). He joined OMB in 1967, and was deputy director
of OMB from 1974 to 1977. He began his public service as a computer
systems analyst with the US Veterans Administration, where he served
from 1961 to 1966.
Secretary O'Neill also served as Director of the American Enterprise
Institute, served on the Boards of Directors of Eastman Kodak Company,
Lucent Technologies, and the Rand Corporation.
He obtained his Bachelor's Degree in Economic from Fresno State
College in California and his Master's Degree in Public Administration
from Indiana University. He and his wife, Nancy, have three daughters,
one son and twelve grandchildren. Mr. O'Neill was born in St. Louis,
Missouri, on December 4, 1935.
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Scott Pattison
Executive Director
National Association of State Budget Officers
Scott D. Pattison serves as the Executive Director of the National
Association of State Budget Officers (NASBO) in Washington, D.C.
Founded in 1945, NASBO serves as the professional organization for
all state budget officers of the fifty states and U.S. territories.
Scott has served as Virginia's state budget director as head of
the Virginia Department of Planning and Budget (DPB). Scott previously
headed DPB's Regulatory and Economic Analysis section and has also
served as Counsel to the Attorney General of Virginia. Scott also
worked in a variety of capacities, including as an Attorney-Advisor,
at the U.S. Federal Trade Commission (FTC) in Washington, D.C.
Scott is an adjunct faculty member at the University of Richmond,
where he teaches a course in political science, and serves on the
board of Old Dominion University in Norfolk. He previously served
on the boards of his local chapter of the American Cancer Society
and the Washington, D.C. area University of Virginia alumni.
Scott graduated Phi Beta Kappa from the George Washington University
in 1984 and received his law degree in 1987 from the University
of Virginia.
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Gary S Schieneman
Board Member
Financial Accounting Standards Board
Gary S. Schieneman was appointed to the Financial Accounting Standards
Board (FASB), effective July 1, 2001. Prior to joining the FASB,
Mr. Schieneman served as Director, Comparative Global Equity Analysis,
of Merrill Lynch where he was responsible for global accounting
research and related issues affecting cross-border investments.
Previous to his position at Merrill Lynch, Gary was Director of
Latin American Research at Smith New Court, where he also was the
firms Latin American Strategist. Before joining Smith New
Court, he was Vice President, International Equity Research at Prudential-Bache
Securities.
Mr. Schieneman began his career as an auditor at Price Waterhouse
in New York and, subsequently was based in Paris. He later worked
for Mobil Europe based in London. Following that post, he joined
Arthur Young & Co. in New York as Partner in its International
Service Office.
Among his other activities, Mr. Schieneman has been a Professor
of Accounting at Columbia Graduate School of Business Administration
and New York University. He is a member of the American Institute
of Certified Public Accountants (AICPA), the New York Society of
Security Analysts and the Association for Investment Management
and Research (AIMR).
Mr. Schieneman received a bachelors degree in accounting
from the University of Illinois and earned a masters in business
administration from New York University.
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Charles Schultze,
Senior Fellow Emeritus
The Brookings Institution
Charles L. Schultze, Senior Fellow Emeritus in the Economic
Studies Program, has been involved with the Brookings Institution
since 1968. He has served in key positions in and out of the U.S.
Government for the past 35 years.
Schultze was Director of the Brookings Economic Studies program
from 1987 to 1990. He was a Senior Fellow in the Economic Studies
Program from 1968 to 1977 and 1981 to 1987. During the Carter Administration,
from 1977 to 1980, he served as Chairman of the Council of Economic
Advisers. In the 1960s, Schultze was Assistant Director of the U.S.
Bureau of the Budget from 1962 to 1964, and Director there from
1965 to 1967. In 1994 and 1995, Schultze chaired the National Academy
of Sciences Panel on Census Requirements in the Year 2000. He is
currently Chairman of the Academy’s Panel on Cost-of-Living Indexes.
Schultze has authored or co-authored dozens of books and articles
on economics. Most recently, he authored an article “Has Job Security
Eroded for American Workers?” The New Relationship: Human Capital
in the American Corporation, (Brookings, 1999). In 1992 he coedited
a book with Henry J. Aaron titled Setting Domestic Priorities: What
Can Government Do? He also completed a study entitled, Memos to
the President: A Guide through Macroeconomics for the Busy Policymaker
(Brookings, 1992). Among his better known works, several of which
have been written in cooperation with other Brookings scholars,
are: An American Trade Strategy: Options for the 1990s, co-edited
with Brookings Senior Fellow Robert Z. Lawrence (Brookings, 1990);
Barriers to European Growth: A Transatlantic View, with Robert Z.
Lawrence (Brookings, 1987); Economic Choices 1987 (Brookings, 1986);
Other Times, Other Places (Brookings, 1986); The Public Use of Private
Interest (Brookings, 1977); Setting National Priorities (Brookings,
four volumes: 1970, 1971, 1972, and 1973); Higher Oil Prices and
the World Economy: The Adjustment Problem (Brookings, 1975); Pollution,
Prices, and Public Policy (Brookings, 1975); and The Politics and
Economics of Public Spending (Brookings, 1968).
Schultze has been a contributor to such publications as the Journal
of Economic Perspectives, The Brookings Review, Brookings Papers
on Economic Activity (BPEA), and the like. In 1984, he served as
President of the American Economic Association.
Schultze was born in 1924 in Alexandria, Virginia. He received
his Bachelor’s and Master’s Degrees in Economics from Georgetown
University in 1948 and 1950, respectively, and was awarded a Ph.D
in Economics from the University of Maryland in 1960.
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Mark Sniderman
Senior Vice President and Director of Research
Federal Reserve Bank of Cleveland
Mark Sniderman is senior vice president and director of research
for the Federal Reserve Bank of Cleveland. His responsibilities
in the Research Department include overseeing the production of
research publications and directing the economic and monetary policy
analysis of the Bank. In addition, Dr. Sniderman has senior management
responsibilities for the Bank's Corporate Communications and Community
Affairs Department. He serves on the Bank Leadership Committee of
the Cleveland Fed. Dr. Sniderman is also a member of the Federal
Reserve System's Information Technology Council.
Dr. Sniderman joined the Bank's Research Department as an economist
in 1976. He was promoted to senior economist in 1978, economic advisor
in 1979, and assistant vice president in 1983. He became vice president
and associate director of research in 1986, and assumed his current
position in 1994. Dr. Sniderman also served as senior economist
for economic policy analysis for the U.S. Senate Budget Committee
in Washington, D.C. Before joining the Federal Reserve, Dr. Sniderman
held teaching and research positions at the University of Wisconsin
at Madison.
A native of Youngstown, Ohio, Dr. Sniderman earned a bachelor's
degree from Case Western Reserve University and master's and doctoral
degrees in economics from the University of Wisconsin at Madison.
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Paula Stern
President
The Stern Group
The Honorable Paula Stern is President of The Stern Group, an economic
analysis and trade advisory firm in Washington, D.C.
A distinguished scholar and a former chairwoman of the U.S. International
Trade Commission (ITC), Dr. Stern advises businesses on trade issues
that affect their competitiveness in the international economy.
She currently serves on the boards of directors of Avon Products,
Inc., Hasbro, Inc and The Neiman Marcus Group. During her years
at the ITC, as a commissioner from 1978-1987 and as chairwoman of
the 500-person agency from 1984-1986, Dr. Stern analyzed and voted
on over 1,000 trade cases involving a broad range of industries
and issues. At the time, she was the second highest-ranking woman
in the U.S. Government.
Dr. Stern is a member of the U.S. President's Advisory Committee
for Trade Policy and Negotiations (ACTPN). She is a member of the
Council on Foreign Relations, the Inter-American Dialogue, the U.S.
Committee on NATO and the Committee for Economic Development, where
she co-chairs the trade and globalization subcommittee. She sits
on the boards of the Jerome Levy Economics Institute and the Executive
Committee of the Atlantic Council of the United States.
She is the former Co-Chairperson of the International Competition
Policy Advisory Committee (ICPAC) for the Attorney General and the
U.S. Department of Justice Antitrust Division (1997 2000),
and a former Chairwoman of the Advisory Committee of the U.S. Export-Import
Bank. Stern was also a Presidentially appointed member of the board
of directors of the Inter-American Foundation.
Dr. Stern was both a member and senior advisor of the Trade Policy
Subcouncil of the bipartisan, federally mandated Competitiveness
Policy Council; she prepared the Council's proposals for reforming
U.S. international economic policymaking, delivered to the Congress
and the President in 1993, which guided the trade and export strategy
of the Clinton Administration.
She also served on the Congressionally mandated National Academy
of Sciences= Panel on the Future Design and Implementation of U.S.
National Security Export Controls and the U.S. Congress' Office
of Technology Assessment's advisory panel on Technology, Innovation,
and U.S. Trade.
Dr. Stern served as a legislative assistant to U.S. Senator Gaylord
Nelson from 1972-1974 and as a senior legislative assistant from
1976-1977. In the years between, she was a guest scholar at the
Brookings Institution where she wrote Water's Edge - Domestic Politics
and the Making of American Foreign Policy, a well-received book
on Congressional-Executive relations in foreign policy making. In
subsequent years, she was a Council on Foreign Relations Fellow
and a Senior Associate at the Carnegie Endowment for International
Peace. From 1994 to 2000 she served as Alkire Chairholder in International
Business at Hamline University
Her writing on trade and foreign policy, Congress, women's issues,
and U.S. relations with the Asia-Pacific, the Middle East, Latin
America, and Europe have been widely published in scholarly and
more popular journals. She is also a frequent public speaker and
television commentator in the United States and overseas.
In 1986, she was singled out by MS magazine as one of the top
women influencing the American economy. In 1993, she was the recipient
of the Directors= Choice Award for Leadership presented by The National
Women=s Economic Alliance Foundation. She has received honorary
degrees in Law from Goucher College and Commercial Science from
Babson College and is a recipient of the Alicia Patterson Journalism
Award.
Born in Chicago, Illinois and raised in Memphis, Tennessee, Dr.
Stern received a B.A. from Goucher College, a M.A. in Regional Studies
from Harvard, and a Ph.D. in International Affairs from Tufts University's
Fletcher School of Law and Diplomacy.
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Kevin Stiroh
Senior Economist
Federal Reserve Bank of New York
Fields:
- Performance of Financial Institutions.
- Growth and Productivity.
Education:
- Ph.D., Economics, Harvard University, Cambridge MA, June 1995.
- M.A., Economics, Harvard University, Cambridge MA, June 1995.
- B.A., Economics and Psychology, Swarthmore College, Swarthmore
PA, June 1989, Phi Beta Kappa, Distinction in Economics.
Employment
- Senior Economist, Federal Reserve Bank of New York, New York
NY, 2000-present.
- Economist, Federal Reserve Bank of New York, New York NY, 1999-2000.
- Economist, The Conference Board, New York NY, 1997-1999.
- Research Fellow, Program on Technology and Economic Policy,
Kennedy School of Government, Cambridge MA, 1995-1999.
- Assistant Professor, Department of Economics, Bentley College,
Waltham MA, 1995-1997.
Teaching Experience
- Undergraduate Level: Business Statistics, Money and Banking,
Macroeconomics, Bentley College, 1995-1997.
- Graduate Level: Economic Environment of the Firm, MBA, Bentley
College, 1997.
- Undergraduate Level: Principles of Economics, Teaching Fellow,
Harvard University, 1992-1995.
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