Summit Notebook

Exclusive outtakes from industry leaders

Reuters set to spotlight financial regulation in DC

FINANCIAL-REGULATION/OBAMA
The fight over new rules that will dramatically change Wall Street and financial markets is approaching the finish line in Washington, with both lawmakers and the financial industry making last-ditch efforts to put their stamp on the reform effort. Reuters will be hearing from the key players in the debate on April 26-29 during the 2010 Reuters Global Financial Regulation Summit.

Top regulators, watchdogs, lawmakers and stakeholders will provide their perspectives on how this landmark legislation will impact banks, investors, traders and consumers. The talks will focus in on proposals for a strong new consumer agency, strict oversight of derivatives and attempts to end the perception that some financial firms are “too big to fail.”

Reuters set to spotlight financial regulation in DC

FINANCIAL-REGULATION/OBAMA
The fight over new rules that will dramatically change Wall Street and financial markets is approaching the finish line in Washington, with both lawmakers and the financial industry making last-ditch efforts to put their stamp on the reform effort. Reuters will be hearing from the key players in the debate on April 26-29 during the 2010 Reuters Global Financial Regulation Summit.

Top regulators, watchdogs, lawmakers and stakeholders will provide their perspectives on how this landmark legislation will impact banks, investors, traders and consumers. The talks will focus in on proposals for a strong new consumer agency, strict oversight of derivatives and attempts to end the perception that some financial firms are “too big to fail.”

Senator McCain: Republicans in search of message to woo angry voters

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The Republican Party is in search of a message to attract voters who are angry with just about everything — healthcare, the U.S. deficit, Wall Street bonuses, increased unemployment and home foreclosures to mention a few.

“There’s a lot of anger out there and there’s a lot of frustration,” said Republican Senator John McCain, who was defeated by Democrat Barack Obama for president last year.

U.S. Senator promotes education equivalent of fuel-efficient car

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If cars can be fuel-efficient, why can’t education be time-efficient?

That’s the premise that Republican U.S. Senator Lamar Alexander is promoting.

Alexander served as U.S. education secretary in the administration of the first President George Bush and also as president of the University of Tennessee.

U.S. Commerce Secretary doesn’t like ring of Shanghai Silicon Valley

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U.S. Commerce Secretary Gary Locke says one thing he doesn’t want to see is a Shanghai Silicon Valley develop from China’s investment in clean energy.

He warned that if the United States doesn’t move forward on clean energy, it risks falling behind China where the government is spending almost $100 billion a year to support renewable energy and clean energy efficiency.

The Geithner approach: make the best of bad choices

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Ever wonder how the U.S. Treasury Secretary gets through some of the most economically stressful times this country has seen in a while — does he go for long runs? Sleep two hours a night?

Timothy Geithner has been in the job less than a year, and came in after the economy had slumped into recession. Now unemployment is approaching 10 percent, he’s had to navigate through an economic stimulus package, and on top of all that the weakness of the U.S. dollar has other countries questioning whether it should still be the reserve currency.

Democrat: believers of 2010 Republican majority in “la la land”

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Congressman Chris Van Hollen, chairman of the Democratic Congressional Campaign Committee, says the November 2010 midterm elections will be difficult, but anyone who believes Republicans will wrest majority control of the House of Representatives is living in “la la land.”

The midterm elections will be viewed by many as a referendum on the policies of Democratic President Barack Obama.

Steven Chu: “I’m an energy efficiency nut”

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He unplugged the extra refrigerator in the basement. He got a tankless water heater and reduced the heat setting. He turned down the air conditioning last summer and used fans to keep cool.

Yes, Energy Secretary Steven Chu acknowledged, “I’m an energy efficiency nut.”

Napolitano defends bringing Guantanamo detainees to U.S.

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Department of Homeland Security Secretary Janet Napolitano defended the Obama administration’s plans to bring terrorism suspects held at Guantanamo Bay, Cuba, to the United States — countering critics who questioned whether it would create security risks.

“There’s no question in my mind that those detainees who would be moved to the United States would be held in such a fashion that they would not be any threat to public safety, and I say that as a former prosecutor,” Napolitano said in an interview during the Reuters Washington Summit. She served as a U.S. attorney in Arizona during the Clinton administration.

Senator Levin: partisanship has no place during war

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A war of words over U.S. policy on Afghanistan is heating up between Democrats and Republicans on Capitol Hill as they await President Barack Obama’s new strategy.

“This kind of partisanship in the middle of a war I find to be really out of place,” Senate Armed Services Committee Chairman Carl Levin, a Democrat, said.

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