A villa outside Boston.
Here, located on the Charles River, it is surrounded by green trees and clear water.
Not far from Cambridge and Harvard University, it is the most expensive villa area in Boston, Massachusetts.
Today, organized by Professor Lawrence Summers of the Department of Economics.
Many graduated economics students are here.
Some continue to study for Ph.D.s, and some are corporate executives.
Some have entered the White House, and some have visited state and city governments.
In this era, the value of academic qualifications has not yet depreciated, and the worst off is probably a white-collar worker in a Fortune 500 company.
Having a party is a very popular way of gathering in the United States.
Different from those queues in the entertainment industry, these top students' parties have no music, no bikinis, and not so many bells and whistles.
At parties, they don’t wear suits and ties or high-end evening gowns like politicians do.
Everyone wears casual clothes, whatever makes them comfortable.
People were in groups, holding wine glasses in their hands, laughing and chatting.
The men are talking about the market and business opportunities, while the women are gossiping, complaining about the company and their boss.
At about 9:30 in the evening, Lawrence Summers and Shen Hao came to the villa together.
When everyone saw that Shen Hao was really here, their eyes lit up.
Before attending the party, many people heard that the world's richest man, Shen Hao, was coming.
At first, they were very happy. In the capital world, of course everyone here understands the power of money.
But then, it felt impossible.
The world's richest man is so busy, how can he have time to come here?
Although they are all high-level elite talents in the United States.
But elites are just part-time workers, and they have to bend their backs in front of their bosses.
Who doesn’t want to climb up?
There is only so much opportunity, when will it be your turn.
Today is a huge opportunity.
If you can be favored by Shen Hao, you will soar to the sky.
People who had previously been reluctant to attend the party due to work reasons also took flights to Boston when they heard that Shen Hao was really coming.
The atmosphere in the villa just now was harmonious, calm and calm.
But the moment Shen Hao appeared, everything changed, and everyone seemed to lose their minds as if fans had met their idol.
Of course, it's not just because of Shen Hao.
Lawrence Summers also has a great influence on people's hearts.
Lawrence Summers was born in a Jewish family in New Haven, the second largest city in Connecticut, USA. His parents were both economists and professors at the University of Pennsylvania. His uncle Paul Samuelson[4 ] and uncle Kenneth Joseph Arrow are both Nobel Prize winners in economics.
In the academic field of economics, Lawrence Summers is definitely from a wealthy family.
At the age of 16, he entered the Massachusetts Institute of Technology to study physics, then switched to economics, and graduated with a bachelor's degree in 1975. He was an active debate team member at MIT during his studies. Thereafter he became a graduate student at Harvard University.
He graduated with a doctorate in 1982. After that, he taught briefly at MIT and Harvard University. In 1983, at the age of 28, Summers became the youngest professor in Harvard history.
Summers began to get involved in public affairs in 1982 and became a member of the White House Council of Economic Advisers in the White House.
Many of them have simple thoughts in mind. They cannot have a relationship with Shen Hao, but it would be good to promote a relationship with Lawrence Summers.
Lawrence Summers saw the reaction and smiled.
"Professor Lawrence, Mr. Shen"
"Mr. Lawrence, Mr. Shen."
Everyone came forward to say hello.
Lawrence Summers waved his hand to signal everyone to quiet down.
Everyone gathered around Shen Hao and Lawrence Summers, waiting quietly.
Lawrence Summers smiled and said:"The guy next to me No need for me to introduce you, everyone knows me"
"know"
"Haha, speaking of which, I am so lucky to be Shen Hao's professor.
It gave professors in the entire economics department a sore toothache.
My classmates are also sour." When Lawrence Summers said this, he was also very proud.
Ever since he found out that his student was Shen Hao.
Even his uncle Paul Samuelson [4 Uncle Kenneth Joseph A. Luo, two Nobel Prize winners in economics.
They both called to celebrate. (To read Baoshuang novels, go to Feilu Novel Network!)
Nobel Prize winners may sound lofty, but they are just like that in front of capital..
Especially in the United States, even if you are a Nobel Prize winner, if you offend the powerful, the school will expel you without mercy.
Unless you are an important Nobel Prize in physics or chemistry, it will have weight.
The Economic Nobel Prize The weight is actually not that big.
Being able to accept Shen Hao as a student is a real personal connection.[]
It would be a fool to say that Americans have no sense of humanity.
The American people are more realistic in their human relations and sophistication, without so many bells and whistles.
The smile on Lawrence Summers' face faded and he said seriously:"There is nothing big going on here today. The main thing is for everyone to get together. In addition, the State Economic Council has recently put forward some new suggestions. As President Li's economic advisory committee member, I also participated in some important meetings and learned a lot.
So I want everyone to discuss it and brainstorm."
Hearing this, everyone's hearts moved. This must be some suggestion from the top.
"Professor Lawrence, what kind of meeting is this?"
Lawrence Summers laughed:"
From 79 to 84, our U.S. dollar exchange rate rose by 60%, which caused a heavy blow to U.S. exports, especially the manufacturing industry.
And the Japanese have become the source of most of our U.S. trade deficit.
As for the fiscal deficit, since President Reagan implemented the budget policy of expanding the deficit in the second half of 1982, the deficit expenditures in the five years since he took office have totaled more than 810 billion U.S. dollars, far exceeding the fiscal deficit from the establishment of the federal debt statistics system in 1789 to 1980. Sum.
During this period, Japan held US dollar bonds and became the largest creditor of the United States.
The current economic strength of Japan is 60% to 70% of that of the United States.
Now the outside world has begun to generally believe that it will only take a matter of minutes for the Japanese to surpass the United States and become the world's largest economic power.
According to the statistics.
Japan’s current GDP is equivalent to the sum of the world’s third, fourth, and fifth largest economic powers (Germany, F, and Eagle). Nowadays, r Japan is prosperous beyond imagination and their life of extravagance and extravagance once made them extravagant.
And our trade gap is getting wider and wider."
Hearing this, Shen Hao's heart moved.
Based on these words, he thought of history.
Is the United States preparing to take action on the small r book?
Is the Plaza Accord ready to start planning?
Since the oil crisis, the little devil's cars are fuel-efficient and cheap, and have gradually occupied the market. The market for rice crackers has entered the market.
Moreover, the little devil’s home appliances and quartz watches have also quickly taken over the world.
The United States is the first to do so. The trade gap is getting bigger and bigger, and the U.S. deficit is getting bigger and bigger.
Of course, the U.S. is unhappy. The former little brother, dare to Riding on the big brother's head, isn't this courting death?
The so-called trade deficit: refers to a country's total import trade value being greater than its total export value within a certain period of time (such as one year, half a year, one quarter, one month), commonly known as"entering the super market". That is,"trade deficit", or"trade deficit"; to put it bluntly, the United States buys too many things imported every year, and cannot sell its own things.
It is equivalent to a store owner spending 100 yuan on purchasing goods, but only selling 40 yuan has gone out, and this happens every year, with a loss of 60 yuan every year. This deficit keeps increasing. It shows that the United States’ foreign exchange reserves are decreasing, the international competitiveness of American products is weak, and the United States is at a disadvantage in foreign trade.
Therefore, a large deficit will lead to The outflow of domestic resources and the increase in foreign debt will also affect the normal operation of the national economy.
The top leaders of the United States have begun to feel a sense of crisis.
Now they have begun to plan how to change the trade gap, but there is no specific plan yet.
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