'Change'에 해당되는 글 12건

  1. 2009.04.09 Like Apple, Amazon, Wal-Mart change music prices by CEOinIRVINE
  2. 2009.02.26 Apple director says no change in Jobs' plans by CEOinIRVINE
  3. 2008.12.18 China After 30 Years of Reform by CEOinIRVINE
  4. 2008.12.10 Rapper Common: Obama will change hip-hop's attitude by CEOinIRVINE
  5. 2008.11.29 All Infosys and India by CEOinIRVINE
  6. 2008.11.25 Wizards Fire Head Coach Eddie Jordan by CEOinIRVINE
  7. 2008.11.24 You Are Where You Live by CEOinIRVINE
  8. 2008.11.23 Geithner's Treasury by CEOinIRVINE
  9. 2008.11.15 Nebraska fears rush to drop off kids before haven law change by CEOinIRVINE
  10. 2008.11.11 Sometimes Continuity Trumps Change by CEOinIRVINE

Apple's iTunes Store isn't the only one that has adjusted prices for its digital song downloads recently: Changes are showing up at Amazon's and Wal-Mart's online music stores, too.

Apple Inc. ( AAPL - news - people ), the dominant digital music retailer on the Internet, shifted Tuesday from selling all songs for 99 cents apiece to a tiered pricing model where songs cost 69 cents, 99 cents and $1.29 each. Recording companies are choosing the prices.

Cupertino, Calif.-based Apple also eliminated the copy-protection technology that limited users' abilities to copy and play songs on devices other than Apple's own iPods.

On the same day Apple made its changes, Bentonville, Ark.-based Wal-Mart Stores Inc. ( WMT - news - people )'s online music store began selling tunes for $1.24, 94 cents and 64 cents apiece. Previously, they cost 74 cents and 94 cents apiece.

In an e-mail, Walmart.com spokesman Ravi Jariwala said the pricing adjustments are "reflective of new costs set by the music industry."

Elsewhere on the Web, Seattle-based online retailer Amazon.com Inc. ( AMZN - news - people ) is also selling individual song downloads for as much as $1.29. Most songs currently cost $1.29, 99 cents, 89 cents or 69 cents each. Amazon did not say when it began selling songs for $1.29; when the store first opened in September 2007, songs sold for 89 cents and 99 cents.

Wal-Mart and Amazon downloads had already been free of copy protection.

Copyright 2009 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed


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Apple Inc. CEO Steve Jobs still expects to return from his medical leave at the end of June. That's according to an Apple director who responded to an investor at the company's annual shareholder meeting Wednesday.

The investor had pressed for details about when the board of directors knew Jobs planned to step away from his daily duties. Apple (nasdaq: AAPL - news - people ) director Arthur Levinson responded only by saying that since Jobs announced Jan. 14 that he needed to go on leave, "nothing has changed."

Jobs, who turned 54 on Tuesday, was not at the meeting.

A survivor of pancreatic cancer who looked very thin last year, Jobs said Jan. 5 that he had a treatable hormone imbalance and would continue to run Apple. But the following week he went on leave to treat medical issues that were "more complex" than he had believed.

Copyright 2008 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed





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First Of A Four-Part Series

Every society changes, but China's changes faster. The startling transformation that began 30 years ago this month with the accession of Deng Xiaoping has been one of the world's great stories.

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Deng's great legacy was undoing Mao Zedong's. Mao captured China and then proceeded to regiment, repress and ultimately deny it of vitality. When he died in September 1976, Chinese leaders knew there would have to be reform. The debate in Beijing was how much should be allowed and how fast it should occur.

The now-accepted narrative is that Deng argued for a startling transformation of Chinese society. We buy the story that he first debated with his fellow revolutionaries, then experimented and finally decreed change.

Yet, in reality, reform progressed more by disobedience than design. Initial failure to meet state-planning goals forced Deng to back away from command-economy tactics and permit individual initiative. Peasants on large collective farms, for example, were permitted to form "work groups" to tend designated plots. Central government policies specifically prohibited these groupings from including just one family. But families started to look after their own plots--and local officials pretended not to notice.

Urban subterfuge followed rural subterfuge. Deng's Beijing strictly prohibited private industry, but entrepreneurs proceeded by operating their businesses as "red hat" collectives and enterprises--private companies operating under the flag of state ownership. Deng's reforms succeeded because the Chinese people disobeyed Deng's rules.

Such defiance would have been unthinkable in the Maoist years. Deng's great contribution, therefore, is not so much that he planned China's "economic miracle" but that he let it happen. The economy during the last three decades has grown at an average annual rate of 9.8% largely because peasants, workers and frustrated bureaucrats made themselves into entrepreneurs and pushed their country forward. By ignoring central government decrees, they built private businesses now accounting for as much as half of the Chinese economy.



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(CNN) -- The rapper Common wants to take hip-hop in a new direction, he says, and he has an unsuspecting ally -- President-elect Barack Obama.

Common says he was looking for a new sound on his eighth album, "Universal Mind Control."

Common says he was looking for a new sound on his eighth album, "Universal Mind Control."

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Obama "is going to change hip-hop for the better," predicted the rapper, whose eighth album, "Universal Mind Control" (G.O.O.D. Music/Geffen), hits shelves Tuesday.

"I really do believe we as hip-hop artists pick up what's going on in the world and try to reflect that," he told CNN, outlining his belief that mainstream as well as so-called "conscious" rappers -- the more socially aware -- will pick up on what he sees as the more optimistic prospects of an Obama presidency.

"I think hip-hop artists will have no choice but to talk about different things and more positive things, and try to bring a brighter side to that because, even before Barack, I think people had been tired of hearing the same thing," he said.

Likewise, "Universal Mind Control," with its hook-heavy, synthed-out tracks, represents a "broadening" of hip-hop's audience -- one that demands evolution rather than hackneyed revamps of old beats, rhythms and rhymes, Common said. Listen to clips from the album and Common's interview with CNN.com »

Not that Common, born Lonnie Rashid Lynn Jr., is altogether removed from the temptations of his hip-hop brethren.

He serves as a spokesman for Lincoln Navigator and purports on his new album to "rebel in YSL," a reference to designer Yves Saint Laurent. Money is also a weakness, as Common -- No. 14 on Forbes magazine's 2008 list of richest rappers -- regularly invokes the greenbacks he makes and spends.

Still, Common has come at hip-hop from a different angle from many of his colleagues. He was generally considered "underground" until he linked up with Kanye West, who produced his albums "Be" (2005) and "Finding Forever" (2007).

Even now, while paying homage at mainstream hip-hop's altar, the Chicago-born lyricist also enters parishes where most rappers wouldn't be seen. He's helped front movements for HIV/AIDS awareness and vegetarianism, and he's written two children's books emphasizing the importance of self-esteem.

Lyrically, violence has never been his thing; soft-drug use has been mentioned but rarely glamorized; he removed homophobic references from his lyrics years ago; and while there have been hints of misogyny and the occasional N-word in his verses, neither has been a staple of his rhymes.

"I've always been conscious, honestly," he said. "I made a choice on this album, 'Universal Mind Control,' to really make some music that was bright, that would be a little more lighthearted, just because of what was going on in the world." Read more from the interview

With a few exceptions, his latest lyrics are consummate Common. In his beat poet's cadence, the 36-year-old rhymesmith aggressively courts the ladies, personifies hip-hop, aggrandizes himself and his hometown (lovingly, "the Chi"), and respectfully doles out props to hip-hop's forefathers -- most notably to Afrika Bambaataa on the album's title track. Hear the title track »

The album's sound, however, is atypical, moving -- sometimes jerkily -- from club-banger to anthem to ballad to Top 40. The latter even runs counter to the opening verse of "Everywhere": "No pop, no pop, no pop, no pop/We gonna do this thing till the sky just drop."

But the sound is part of "a whole new sound and a new movement" in hip-hop, something he explored out of disdain for repetition and predictability, he said. That might explain Kanye West's relative absence on "Universal Mind Control."

The Louis Vuitton don appears on only one track, the pop-drenched "Punch Drunk Love." But West has long been credited, even by Common, with bringing his fellow Chicagoan to the mainstream after "Be" and "Finding Forever" went gold and leapt up the Billboard 200.

Of course, it's not all Kanye, said Common.

"I'm a true believer that it all boils down to the music, because Kanye can endorse something, and if people don't like it they ain't gonna get with it -- regardless of whoever endorses it," he said.

He compared his working relationship with West to the collaboration he enjoyed with The Neptunes' Pharrell Williams on "Universal Mind Control." Williams, whom Common casually likened to Quincy Jones, pushed him lyrically, much like West did, he said.

Between Williams and Mr. DJ -- who composed backbeats for some of OutKast's biggest hits -- Common arrived at the evolution he sought, he added.

Common also is plotting a change, or at least a detour, in his career path. Though his past cinematic endeavors have been primarily gangster flicks, Common has landed a role in the upcoming "Terminator Salvation" and could play Green Lantern in "Justice League: Mortal" should the derailed movie get back on track.

"I would truly love to go increasingly in the acting direction," he said. "My goal is to be a movie star. I want to be at Will Smith's level. I want to be co-leading with Leonardo DiCaprio."

Fear not, Common fans. The aspiring thespian is confident he can pull off both, though hip-hop might ride sidecar to the silver screen. Acting, he said, seems to improve his music.

"I don't take as much time overthinking it. Actually, since 'Be' I've been working on films and each album has been expanding and increasing, so I feel like I would still make music, but it wouldn't be the main gig," he said.

Selling albums, Common said, is about more than good music, and though he stands proudly by the music he made pre-West, he concedes he didn't do enough to claw his way up from the underground.

"After you make good, quality music, then it's your job to go out there and promote it and to market it and to get it out there to the people. I feel like I wasn't doing that early on," he said. "Now I am, and I feel like I'm growing as a songwriter and working with producers that are very incredible, so I feel all that is contributing to me getting the recognition that I'm getting."




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All Infosys and India

Business 2008. 11. 29. 07:30

Nandan Nilekani is limiting his "scarce capital" to company and country.

Nandan Nilekani

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Nandan Nilekani is cochairman of Infosys Technologies (nasdaq: INFY - news - people ), India's second-biggest outsourcing firm. Its success is the basis of his $750 million fortune. We caught up with Nilekani at the Infosys headquarters in Bangalore, where he talked about the company he helped build, the outsourcing industry and his first book, Imagining India: Ideas for the New Century (Penguin), just released.

FORBES ASIA: Will economic conditions change things for Indian outsourcing?

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Nilekani: There will be deep ramifications. In the short term outsourcing will slow down. Companies will go slow on making decisions, the environment will be challenging. This is a big one, but even this cannot last forever. The U.S. has an enormous capacity for reinventing itself. That is clear from the fact that Barack Obama has been elected President.

As part of his campaign, Obama spoke against offshoring. Will this affect policy in the coming months?

Barack Obama will do things that are right for his country. He understands that outsourcing firms are partners in making American companies stronger, more efficient and successful.

India's outsourcing industry grew from a few billion dollars to $40 billion in the last few years. What do you see happen in the next five?

It is unlikely that we will see the growth rates of previous years. Not 30% to 40%.

After years of high growth, outsourcing companies have started layoffs. How will workers cope?

Many young people who joined the industry four or five years ago have only seen the good times. It was growth on steroids. They could have been lulled into a feeling that this is normalcy. We have to do a lot of things that are hard. The economic crisis is useful because it forces all of us to focus on productivity.

Infosys spends a huge amount of money and resources on training fresh hires. Is this a sustainable business model during these recessionary times?

We set up our leadership institute in 2001 and our training infrastructure in 2002 during a downturn. We think of our training as a long-term strategic advantage.

Talking about reinvention, have you reinvented yourself?

I used to take on a lot of things, thrash around, lose control and have nothing to report at the end of the day. My new motto is to be generous with my money but stingy with my time. My scarce capital is time, not money. I'm turning down meetings, invitations to speak. I have dropped all commitments on foreign company boards. I have decided that the place I want to spend time is India. Not to sound arrogant, but I use my name to improve my productivity. If I am going to the airport, then I will travel to three cities, ask people to make time for me, pack 15 meetings into three days and come back. Infosys has first call on my time.

Your idea on the flat world ended up inspiring a bestselling book authored by Thomas Friedman. What is the bestselling idea in your own book?

It is not one idea. A democratic country like India with a billion individualistic people cannot move in a particular direction based on one idea. It calls for a bottom-up change.

Does middle-class India live inside a bubble, having very little to do with the rest of India, which is very poor?

India's middle class has abdicated. In its extreme form, many Indians have left the country. But abdication is also living in gated communities, running our own generators, digging bore wells for our homes, sending our children to private schools--in my own case, sending them to college in the U.S. The middle class has never put pressure on the system. They have simply dropped out.

Does writing come easy to you?

I used my experience in writing software to write the book. When you write a software program that is large and complicated, just as this book is, then you structure it well, divide it into individual modules, write each module to be self-contained and make sure there are clear interfaces. I wrote a book that spanned 18 ideas. I sliced these into sections and put a wrapper around each.

(Nandan Nilekani was FORBES ASIA's Businessman of the Year for 2006. See "Businessmen of the Year" for this year's winner.)


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Jordan Fired, Tapscott to Take Over (Updated)

The Wizards have relieved Coach Eddie Jordan of his duties. Jordan was informed of the decision this morning around 8 a.m. shortly after he and his wife, Charrisse, handed out Thanksgiving turkeys to the needy at a team-sponsored charitable event. Associate Head Coach Mike O'Koren was also let go.

Ed Tapscott, who had carried the title of Director of Player Development but traveled with the team and essentially served as an extra assistant coach, takes over on an interim basis. The team is practicing right now.

The Wizards are off to a 1-10 start and hit rock bottom with Saturday night's 122-117 loss to a short-handed Knicks squad that was without its two leading scorers and used seven players. The Wizards rank near the bottom of the league in several statistical categories and have only one player (Antawn Jamison) who is performing anything close to a high level.

How much of the poor start can be attributed to Jordan is highly debatable. Injuries to Gilbert Arenas and Brendan Haywood left him without his best player and best center. Veteran guard Antonio Daniels has been limited to six games due to a right knee injury and the rest of the team's veterans -- players like Darius Songaila, Etan Thomas and Andray Blatche -- have performed at a subpar level.


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You Are Where You Live

Business 2008. 11. 24. 01:39

The global mass media change a lot of things, but regional identity probably isn't one of them.

It's been nearly 50 years since Marshall McLuhan coined the term "global village" to describe the shared (if largely vicarious) experience that television and other electronic media were fast creating. One of the foundational principles of the global village--which, of course, the Internet has expanded by some vast multiple--is that electronic media doesn't just serve people; it changes people.

As more people communicate over greater distances, goes the theory, the less important are geographic regions as unique repositories of ideas, languages and moral sensibilities--in a word, culture. If so, the cultural differences once assumed to distinguish, say, New Yorkers from Texas farmers should become increasingly vestigial artifacts of a pre-Google world.

But if freedom from geographic constraints means liberation from regional identity, why do many Americans still think in terms of the Midwest vote, Southern conservatism, urban this and rural that? If the entire globe is connected to the same cultural mother ship--drinking the same Starbucks, driving the same cars, using the same search engines, watching the same CNN--how is it that one can still identify regional politics, tastes, values, idioms--the very substance of identity? Were the prophets of convergence wrong?

One argument in their favor is that convergence simply hasn't had enough time-- the global village, after all, is still a new entity by historical standards. You don't have to believe in "the end of history" to recognize how much more alike, at least superficially, far-flung places are today than 100 years ago.

Consumerism, once thought of as a uniquely American phenomenon, is now a staple of life from Kuala Lumpur to Santiago. Drive down a highway anywhere in the U.S., and the first thing that strikes you is how alike every place looks--the same strip malls, the same visual clutter, the same boxy office buildings, whether you're in New Hampshire or New Mexico. (The architectural vernaculars that once distinguished regions from each other are now largely quaint, secondary relics preserved by self-conscious historical societies.)

An American visiting Bangkok, Thailand, 100 years ago would have been struck primarily by its otherness. Today he's struck by its sameness--the same consumer products, the same cars, even the same language (English is common there) as back in Houston. Project the arc of convergence out a few decades, and it's not hard to see regional origin being relegated to a rather minor component of personal identity.

Of course, the world is not a linear equation, and there are forces working to resist the trend. Proximity is surely one of them. There is a whole academic discipline that says, in effect, that you are who you know. So-called "social impact theory" holds that the stronger and more immediate your relationships, the more likely you are to adopt your friends' values, regardless of what else you might read, watch or hear.





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Geithner's Treasury

Business 2008. 11. 23. 02:01

Obama reportedly goes for change--and experience.

  Timothy Geithner
 

In selecting a Treasury secretary, President-elect Barack Obama appears to have opted for candidate of both change andexperience: New York Federal Reserve Bank President Timothy Geithner.

If a report by NBC News turns out to be true, Obama will name Geithner and other core members of his economic team on Monday. Geithner, 47, has a boyish face, but he's an old hand on economic and financial policy and is no stranger to the current economic crisis. Since August of 2007, he's worked daily with Federal Reserve Chairman Ben Bernanke and current Treasury Secretary Henry Paulson in creating new mechanisms to funnel cash to ailing institutions.

"It'll be like being able to keep Paulson around a little longer from the president's point of view," says Robert McTeer, a former president of the Dallas Fed who has worked with Geithner. He likes the choice. Wall Street liked it too. The Dow Jones industrial average roared back on the NBC report, gaining almost 500 points. Thursday, the index closed at its lowest level since 2003.

A spokesman for the Obama transition team said they would not "comment on appointments before they're made, or on speculation." Officials from the New York Fed did not respond to requests for comment. If Geithner turns out to be his pick, it means Obama passed over several experienced hands who were considered favorites for the job, including former Treasury Secretary Lawrence Summers and former Fed Chairman Paul Volcker.

At Treasury, Geithner will be charged with the formidable task of leading the administration's effort to right the foundering U.S. economy. He'll have the remaining balance of the Treasury's Troubled Assets Relief Program--at least $350 billion--to dole out at his discretion to troubled financial firms.

In a sense, Geithner, like Obama, will assume his new position with a distinct advantage--much of the policy groundwork for reviving the economy has already been done for him (and in some cases, by him). Two months ago, Congress granted the Treasury secretary unprecedented authority in using the TARP funds to help the system. Treasury now has the authority to take equity stakes in banks and other companies, and it can control executive compensation in the firms in which it takes a share.

In recent weeks, a scrum of ailing companies, includingGeneral Motors (nyse: GM - news people ), Ford Motor(nyse: F - news people ) and Chrysler, have descended upon Washington to ask Uncle Sam for money. Some believe thatCitigroup (nyse: C - news people ) and JPMorgan Chase(nyse: JPM - news people ), which have already received the Treasury's help, will have to return for more. Geithner will have extraordinary power to determine which firms receive aid and which do not.


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OMAHA, Nebraska (CNN) -- Nebraska officials said they're concerned about an apparent rush by parents to drop their teenage children off at hospitals before lawmakers change the state's troubled "safe haven" law.

Four children have been dropped off at Nebraska hospitals in the last two days.

Four children have been dropped off at Nebraska hospitals in the last two days.

The latest cases came on the eve of a special session of the Legislature on Friday to add an age limit to the law. On Thursday, a boy, 14, and his 17-year-old sister were dropped off at an Omaha hospital; the girl ran away from the hospital, officials said. A 5-year-old boy was left by his mother at a different hospital, officials said.

The day before, a father flew in from Miami, Florida, to leave his teenage son at a hospital, officials said.

"Please don't bring your teenager to Nebraska," Gov. Dave Heineman told CNN. "Think of what you are saying. You are saying you no longer support them. You no longer love them." Video Watch as lawmakers convene to change law »

Nebraska's safe haven law was intended to allow parents to hand over an infant anonymously to a hospital without being prosecuted. Of the 34 children who have been dropped off at hospitals, officials said not one has been an infant.

All but six have been older than 10, according to a Nebraska Department of Health and Human Services analysis.

State officials said because of legislative procedures it will take at least a week to change the language of the safe haven law, creating a window where more parents could try to take advantage of the loophole in the statute.

"We are ready and prepared that that situation occurs," said Todd Landry of the Nebraska Department of Health and Human Services. "We want people to understand that this is not the right way of getting the service for your child, your teenager or your family."

State Sen. Tom White said lawmakers have been caught off-guard by the number of teenagers taken in under the law.

"What you've seen is an extraordinary cry for help from people all across the country," White said. "Nebraska can't afford to take care of all of them. Nebraska would like to be able to, but they know that we can't so we are going to have to change the law."

There's growing support among many Nebraska lawmakers to limit the safe haven law to children no older than three days. But several lawmakers said they'll push for something closer to a 30-day age limit.

The safe haven law was meant to protect infants, but there is no age limit under the current law. Five of the abandoned children were brought to Nebraska from out of state. Parents have traveled into Nebraska from Michigan, Indiana, Iowa, Florida and Georgia.

Tysheema Brown drove from Georgia to leave her teenage son at an Omaha hospital.

"Do not judge me as a parent. I love my son and my son knows that," Brown said. "There is just no help. There hasn't been any help."

Safe haven laws allow distraught parents, who fear their children are in imminent danger, to drop them off at hospitals without being charged with abandonment. Nebraska was the last state in the country to pass such a law. But every other state included an age limit.

The Department of Health and Human Services published a background profile on 30 of the 34 safe haven cases. The report found:

  • Twenty-seven children have received mental health treatment;

  • 28 children come from single parent homes;

  • 22 children had a parent with a history of incarceration; and

  • 20 of the 30 children are white; eight are black.
  • There are 6,600 children in state custody, according to the Department of Health and Human Services. Per capita the figure is one of the highest rates in the country, Landry said.

    "I think this has spurred some really healthy conversations about how do parents get the help that they need when they are struggling with some of these parenting issues," he said.

    "And the message that we have been trying to get out is, 'Don't wait until it's a crisis. Reach out to your family and friends.' "

     

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    (Jason Kempin - Getty Images For Microsoft)

    As President-elect Barack Obama prepares to fill top positions for his incoming government, he faces a stubborn reality: Some of the key individuals he will rely upon to tackle the country's most serious challenges are holdovers from the current administration -- a trio of Bush appointees who will likely stay in place for at least the first year or two of Obama's presidency.

    In confronting the financial crisis and weakening economy, Obama must turn to Ben S. Bernanke, a Republican and former chairman of President Bush's Council of Economic Advisers, who will lead the Federal Reserve for at least the first year of the new administration.

    In assuming control of the wars in Iraq and Afghanistan, Obama must work with Adm. Michael Mullen, chairman of the Joint Chiefs of Staff, who was appointed by Defense Secretary Robert M. Gates for a two-year term that will end in late 2009 and, by tradition, can expect to be appointed for a second term as the president's top military adviser. Mullen shares Obama's belief in focusing more on Afghanistan but is wary of a timeline for withdrawing troops from Iraq.

    And in guarding against terrorist attacks -- while correcting what he considers the Bush administration's excesses -- Obama will rely upon FBI Director Robert S. Mueller III, whose term expires in 2011.

    Obama has made it a point of pride to seek consensus with those who do not fully agree with him, and he is even considering keeping Gates at the Pentagon to ensure a smooth transition. But the need to rely heavily on officials who served in the Bush administration -- an era from which he promises a sharp break -- underscores his constraints. His campaign's success was based partly on the selection of a team he personally trusted, but in his first years in the White House, he will not be able to rely solely on advisers of his choosing.

    "It's a challenge," but not an insurmountable one, said William A. Galston, a domestic policy adviser to President Bill Clinton. Bernanke, Mullen and Mueller "appear to be genuinely public-spirited civil servants and not rabid partisans," he said, adding that "if you're thinking about how to deal with someone like J. Edgar Hoover, this is not what we're talking about."

    And Obama might be uniquely suited to the task, said Galston, a governance expert at the Brookings Institution. "This is not someone who feels comfortable [only if] he has constructed his own cocoon around him. We've had presidents like that, but he's not one of them. His life has trained him to move through different environments and adjust accordingly."

    The Fed's Consensus Builder

    Few officials will be as pivotal in Obama's first years in office as Bernanke, a leading authority on the Great Depression who is helping lead the country through a likely recession.

    Bernanke was appointed by Bush to a four-year term that began in early 2006, under a system designed to keep the Fed independent from political pressure. But the Fed chairman also serves as the economist in chief, routinely meeting with the president to offer advice and collaborating closely with the Treasury secretary.

    Obama and Bernanke have spoken on the phone several times, and met in person once, at Obama's request. In that meeting, held in Bernanke's office, Obama stressed that he respects the independence of the Fed. That suggests he will follow the recent precedent, set by Clinton and Bush, of not jawboning the central bank toward his preferred monetary policy, as aides to Presidents Ronald Reagan and George H.W. Bush did.

    There is reason to think Obama and Bernanke will get along. Although Bernanke is a Republican, his response to the financial crisis has won him plaudits from congressional Democrats who view him as pragmatic and non-ideological. The former Princeton professor has a calm manner, a penchant for building consensus and unquestioned academic expertise, qualities valued by Obama.

    Finally, the top candidates to be Treasury secretary have strong relationships with Bernanke. Lawrence H. Summers, who held the position for part of the Clinton administration, has known Bernanke for decades. And Timothy F. Geithner, president of the Federal Reserve Bank of New York, has been among Bernanke's closest collaborators during the financial crisis; they speak by phone many times each day and more than a few times have spoken through the night.






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