Mayor Michael Bloomberg addresses a Georgetown audience on the state of the American economic crisis, the steps that should be taken and the steps that have not yet been taken. He characterizes federal responses to date as being akin to "buying an alcoholic a drink."
Michael R. Bloomberg is an entrepreneur and philanthropist who served three terms as Mayor of the City of New York.
John J. DeGioia
Since graduating from Georgetown University in 1979, John J. DeGioia has served both as a senior administrator and as a faculty member at the school. On July 1, 2001, he became Georgetown's 48th president.
Dr. DeGioia is a professorial lecturer in the Department of Philosophy. He earned a bachelor's degree in English from Georgetown University in 1979 and his PhD in Philosophy from the University in 1995. He has most recently taught "Ethics and Global Development," "Human Rights: A Culture in Crisis," and a seminar on "Ways of Knowing."
Prior to his appointment as president, Dr. DeGioia held a variety of senior administrative positions at Georgetown, including senior vice president, responsible for university-wide operations, and dean of student affairs. In 2004, he was presented with a Lifetime Achievement Award for Excellence in Academia from the Sons of Italy.
Statistic used to determine the state of general economic activity or to predict it in the future. A leading indicator is one that tends to turn up or down before the general economy does (e.g., building permits, common stock prices, and business inventories). Coincident indicators move in line with the economy; lagging indicators change direction after the economy does.
It seems absolutely incredible to me that Michael Bloomberg is not being assigned to be the major consultant appointed by the President to cure the ailments of Wall Street. It seems to me he has the best handle on this subject. He is the natural leader we so urgently need for this purpose. Am I alone in this belief? I think he makes more sense than anybody else. He is fully qualified to be appointed to function at the Federal Level in this capacity, if he would willing to accept the position. I would like to see him as the President's Economic Chief of Staff, fully delegated to make the recommendations he deems appropriate. Wake up, America. I think he holds the key to our economic recovery. Am I the only one who hears the alarm going off? Who is more qualified to be our nation's leader in identifying and resolving Wall Street's deleterious practices to do this monumental job? He should he should be placed in charge of a Blue Ribbon Committee to prepare the Plan of Action and subsequently implement all steps necessary to make Wall Street free of all of its deleterious excesses that have caused America's worst economic crisis of our times. Those who would serve on his Committee should be screened by Congress to ensure their competence and credentials are totally in the public interest, not Wall Street's interest. If anybody can heal the Stock Market and come up with the best ways for recovering from this unprecented financial mess that has been festering for much too long, it would be Michael Bloomberg. I suspect he would gladly work for a fee $1 per year, plus essential expenses, for as long as it takes. I hope this suggestion will find its way into the national limelight.