The Washington Post
By Garance Franke-Ruta
Posted at 11:23 AM ET on Nov 6, 2008 Category: Transition
A group founded by supporters of former Democratic presidential candidate Sen. Hillary Rodham Clinton (N.Y.) weighed in today against the potential appointment by President-elect Barack Obama of former Clinton administration Treasury Secretary Larry Summers to the same position in an Obama administration.
"Larry Summers has a clear and unequivocal record of sexism and misogyny," said the group's co-founder Amy Siskind in a statement. "Summers' work history demonstrates a clear inability to work well with others, especially women."
Another founding member of the group, The New Agenda, which has taken pro-Sarah Palin stands in the past and advocated against media sexism during the primary, is Dr. Nancy Hopkins of the Massachusetts Institute of Technology. Hopkins famously clashed with Summers at a January 2005 MIT forum on women in the sciences after Summers, who was then president of Harvard University, said that the paucity of women in the hard sciences might be a reflection of their "intrinsic aptitude." [Full Story: http://voices.washingtonpost.com/the-trail/2008/11/06/clinton_supporters_not_hot_on.html]
Showing posts with label Treasury. Show all posts
Showing posts with label Treasury. Show all posts
Monday, November 10, 2008
Monday, October 27, 2008
Minority Firms Vying for Piece of Bailout
LAW.COM
Treasury Department to review use of firms as it doles out work
Sheri Qualters
10-27-2008
Minority- and women-owned law firms are vying for work from the $250 billion bailout plan approved by Congress as the U.S. Treasury Department meets a congressional directive to farm out work to minority and women contractors.Under the Emergency Economic Stabilization Act of 2008, the Treasury Department will buy loans from banks across the United States under the Troubled Asset Relief Program (TARP). It has the authority to appoint companies to manage portfolios of troubled assets.The Treasury Department will evaluate companies applying to manage portfolios of troubled assets partly on how they plan to utilize women- and minority-owned vendors -- including law firms -- as subcontractors, said department spokeswoman Jennifer Zuccarelli."From there we'd determine where we'd need to hire [more] minority- and women-owned firms," Zuccarelli said.Although the act contains no target contracting percentage for minority- and women-owned businesses, it directs the department to develop procedures for including such businesses "to the maximum extent practicable." The Treasury Department hired New York's Simpson Thacher & Bartlett as a legal adviser for the overall implementation of the act. It's unclear at this point whether the department will directly hire minority- and women-owned businesses or mirror the process it is using for the asset managers by requiring Simpson Thacher to find its own subcontractors. [To see the entire story, go to: http://www.law.com/jsp/article.jsp?id=1202425567693]
Treasury Department to review use of firms as it doles out work
Sheri Qualters
10-27-2008
Minority- and women-owned law firms are vying for work from the $250 billion bailout plan approved by Congress as the U.S. Treasury Department meets a congressional directive to farm out work to minority and women contractors.Under the Emergency Economic Stabilization Act of 2008, the Treasury Department will buy loans from banks across the United States under the Troubled Asset Relief Program (TARP). It has the authority to appoint companies to manage portfolios of troubled assets.The Treasury Department will evaluate companies applying to manage portfolios of troubled assets partly on how they plan to utilize women- and minority-owned vendors -- including law firms -- as subcontractors, said department spokeswoman Jennifer Zuccarelli."From there we'd determine where we'd need to hire [more] minority- and women-owned firms," Zuccarelli said.Although the act contains no target contracting percentage for minority- and women-owned businesses, it directs the department to develop procedures for including such businesses "to the maximum extent practicable." The Treasury Department hired New York's Simpson Thacher & Bartlett as a legal adviser for the overall implementation of the act. It's unclear at this point whether the department will directly hire minority- and women-owned businesses or mirror the process it is using for the asset managers by requiring Simpson Thacher to find its own subcontractors. [To see the entire story, go to: http://www.law.com/jsp/article.jsp?id=1202425567693]
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