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Economic Recovery Advisory Board
The President's Council on Jobs and Competitiveness, originally the President's Economic Recovery Advisory Board (PERAB), was an ad hoc panel of non-governmental experts from business, labor, academia and elsewhere that President of the United States Barack Obama created on February 6, 2009. The board reported to Obama and his economic team on possible ways to improve the nation's economy. Obama announced this new board on November 26, 2008, and also announced that it would be chaired by former Federal Reserve Chairman Paul Volcker with campaign economic adviser Austan Goolsbee as staff director and chief economist. The council met a total of four times, with its final meeting on January 17, 2012. In 2013, the authorization for the council was not renewed, causing the council to be permanently shut down. Overview The board followed the model of the President's Foreign Intelligence Advisory Board (PFIAB), which President Dwight Eisenhower established in 1956. Like the PFIAB, the advi ...
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Ad Hoc
''Ad hoc'' is a List of Latin phrases, Latin phrase meaning literally for this. In English language, English, it typically signifies a solution designed for a specific purpose, problem, or task rather than a Generalization, generalized solution adaptable to collateral instances (compare with ''a priori and a posteriori, a priori''). Common examples include ad hoc committees and commissions created at the national or international level for a specific task, and the term is often used to describe arbitration (ad hoc arbitration). In other fields, the term could refer to a military unit created under special circumstances (see ''task force''), a handcrafted network protocol (e.g., ad hoc network), a temporary collaboration among geographically-linked franchise locations (of a given national brand) to issue advertising coupons, or a purpose-specific equation in mathematics or science. Ad hoc can also function as an adjective describing temporary, provisional, or improvised methods ...
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Joe Biden
Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who was the 46th president of the United States from 2021 to 2025. A member of the Democratic Party (United States), Democratic Party, he served as the 47th vice president of the United States, vice president from 2009 to 2017 and represented Delaware in the U.S. Senate from 1973 to 2009. Born in Scranton, Pennsylvania, Biden graduated from the University of Delaware in 1965 and the Syracuse University College of Law in 1968. He was elected to the New Castle County Council in 1970 and the 1972 United States Senate election in Delaware, U.S. Senate in 1972. US Senate career of Joe Biden, As a senator, Biden chaired the Senate United States Senate Committee on the Judiciary, Judiciary Committee and United States Senate Committee on Foreign Relations, Foreign Relations Committee. He drafted and led passage of the Violent Crime Control and Law Enforcement Act and the Violence Against Women Act. He also ...
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Revolution LLC
Revolution LLC is an American investment firm based in Washington, D.C., founded in 2005 by AOL co-founder Steve Case, after leaving the AOL Time Warner board. The firm seeks to fund entrepreneurs who are transforming legacy industries with innovative products and services, with an overarching focus on companies that are based outside of the coastal tech hubs of New York City, San Francisco, and Boston. Through the firm's Rise of the Rest platform, it has developed a network of business and civic relationships that helps Revolution source investments and support existing companies as they seek to expand across the country. Notable investments include LivingSocial, Zipcar, DraftKings, and sweetgreen. Foundation Revolution LLC was founded in 2005 by Steve Case, a well-known entrepreneur and a co-founder of America Online (AOL), the first Internet company in the world to go public along with Donn Davis and Tige Savage. After negotiating the merger of AOL and Time Warner, a t ...
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Steve Case
Stephen McConnell Case (born August 21, 1958) is an American businessman, investor, and philanthropist best known as the former chief executive officer and chairman of America Online (AOL). Case joined AOL's predecessor company, Quantum Computer Services, as a marketing vice-president in 1985, became CEO of the company (renamed AOL) in 1991, and, at the height of the dot-com bubble in 2000, orchestrated with Gerald M. Levin the merger that created AOL Time Warner, described as "the biggest train wreck in the history of corporate America." Since resigning as chairman of the company in 2003, he has launched a venture-capital firm, Revolution LLC, based in Washington, D.C., and authored ''The Third Wave: An Entrepreneur's Vision of the Future'', which in 2016 became a ''New York Times'' bestselling book. In 2022 he published his second book, ''The Rise of the Rest: How Entrepreneurs in Surprising Places Are Building the New American Dream''. Life and career Steve Case was b ...
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Xerox
Xerox Holdings Corporation (, ) is an American corporation that sells print and electronic document, digital document products and services in more than 160 countries. Xerox was the pioneer of the photocopier market, beginning with the introduction of the Xerox 914 in 1959, so much so that the word ''xerox'' is commonly used as a synonym for ''photocopy''. Xerox is headquartered in Norwalk, Connecticut, though it is incorporated in New York (state), New York with its largest group of employees based around Rochester, New York, the area in which the company was founded. As a large developed company, it is consistently placed in the list of Fortune 500 companies. The company purchased Affiliated Computer Services for $6.4 billion in early 2010. On December 31, 2016, Xerox separated its business process service operations, essentially those operations acquired with the purchase of Affiliated Computer Services, into a new publicly traded company, Conduent. Xerox focuses on its docu ...
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Ursula Burns
Ursula M. Burns (born September 20, 1958) is an American businesswoman. Burns is known for her tenure as the CEO of Xerox from 2009 to 2016. In this role, Burns was the first black woman to lead a Fortune 500 company. She is also the first woman to follow another as the head of a Fortune 500 company. Burns remained the chairman at Xerox from 2010 to 2017. Burns is also known for serving on the board of directors of multiple large American companies, including Uber, American Express, and ExxonMobil. She was the chairperson and CEO of VEON from late 2018 to early 2020 and is the Non-Executive Chairwoman of Teneo. In 2021, Burns co-founded private equity firm Integrum Holdings. Under President Barack Obama Burns led the White House national program on science, technology, engineering, and mathematics (STEM) from 2009 to 2016. Additionally, she was chairwoman of the President's Export Council from 2015 to 2016, following her role as vice chair from 2010 to 2015.
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Jeff Immelt
Jeffrey Robert Immelt (born February 19, 1956) is an American manufacturing executive working as a venture partner at New Enterprise Associates. He previously was the CEO of General Electric from 2001 to 2017, and the CEO of GE's Medical Systems division from 1997 to 2000. Immelt's tenure saw GE's largest divestments in the company's history, as the company sold almost two-thirds of its subsidiaries and assets. Early life and education Immelt was born on February 19, 1956, in Cincinnati, the son of Donna Rosemary (née Wallace), a school teacher, and Joseph Francis Immelt, who managed the General Electric Aircraft Engines Division. Immelt attended Finneytown Secondary Campus. There he captained the football and basketball teams. In college he played football and was an offensive tackle. He earned an A.B. in applied mathematics and economics ''cum laude'' from Dartmouth College in 1978. He was president of his fraternity, Phi Delta Alpha. During his years at Dartmouth he wor ...
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Whitehouse
Whitehouse may refer to: People * Charles S. Whitehouse (1921–2001), American diplomat * Cornelius Whitehouse (1796–1883), English engineer and inventor * E. Sheldon Whitehouse (1883–1965), American diplomat * Elliott Whitehouse (born 1993), English footballer * Eula Whitehouse (1892–1974), American botanist * Frederick William Whitehouse (1900–1973), Australian geologist * Jimmy Whitehouse (footballer, born 1924) (1924–2005), English footballer * Mary Whitehouse (1910–2001), British Christian morality campaigner * Morris H. Whitehouse (1878–1944), American architect * Paul Whitehouse (born 1958), Welsh comedian and actor * Paul Whitehouse (police officer) (born 1944) * Sheldon Whitehouse (born 1955), American politician from the state of Rhode Island * Wildman Whitehouse (1816–1890), English surgeon and chief electrician for the transatlantic telegraph cable Places ;in the United Kingdom * Whitehouse, Aberdeenshire, location of the Whitehouse ...
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General Electric
General Electric Company (GE) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the years, the company had multiple divisions, including GE Aerospace, aerospace, GE Power, energy, GE HealthCare, healthcare, lighting, locomotives, appliances, and GE Capital, finance. In 2020, GE ranked among the Fortune 500, ''Fortune'' 500 as the 33rd largest firm in the United States by gross revenue. In 2023, the company was ranked 64th in the Forbes Global 2000, ''Forbes'' Global 2000. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE—Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize. From 1986 until 2013, GE was the owner of the NBC television network through its ...
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Los Angeles Times
The ''Los Angeles Times'' is an American Newspaper#Daily, daily newspaper that began publishing in Los Angeles, California, in 1881. Based in the Greater Los Angeles city of El Segundo, California, El Segundo since 2018, it is the List of newspapers in the United States, sixth-largest newspaper in the U.S. and the largest in the Western United States with a print circulation of 118,760. It has 500,000 online subscribers, the fifth-largest among U.S. newspapers. Owned by Patrick Soon-Shiong and published by California Times, the paper has won over 40 Pulitzer Prizes since its founding. In the 19th century, the paper developed a reputation for civic boosterism and opposition to Trade union, labor unions, the latter of which led to the Los Angeles Times bombing, bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. As with other regional newspapers in California and the United Sta ...
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Corporate Welfare
Corporate welfare refers to government financial assistance, Subsidy, subsidies, tax breaks, or other favorable policies provided to private businesses or specific industries, ostensibly to promote economic growth, job creation, or other public benefits. This support can take various forms, including tax credits, tax deductions, tax exemptions, government contracts, preferential regulatory treatment, debt write-offs, public-private partnerships, bailout programs, discount schemes, deferrals, low-interest loans or loan guarantees, direct subsidies or public grants. The definition of corporate welfare spending, welfare is sometimes restricted to direct Subsidy, government subsidies of major corporations, excluding Tax avoidance, tax loopholes and all manner of Regulation, regulatory and trade decisions. Origin of term The term "corporate welfare" was reportedly coined in 1956 by Ralph Nader. Alternative adages "Socialism for the rich, capitalism for the poor" Believed to ha ...
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Peter Orszag
Peter Richard Orszag (born December 16, 1968) is an American business executive and former government official. He is the chief executive officer (CEO) and chairman of Lazard. Announced as Lazard's incoming CEO on May 26, 2023, he assumed the role on October 1, 2023, also joining the board. Prior to becoming Lazard CEO, Orszag was CEO of Lazard's Financial Advisory from April 2019 to September 2023. He was previously Head of North American Mergers & Acquisitions and Global Co-Head of Healthcare from July 2018 to June 2019. Orszag joined Lazard as Vice Chairman of Investment Banking in May 2016. Prior to Lazard, Orszag was a Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group at Citigroup. Prior to that, he was the 37th Director of the Office of Management and Budget (OMB) under President Barack Obama and had also been the Director of the Congressional Budget Office (CBO). Orszag is a member of the National Academy of Med ...
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