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Is Summers Headed Home?

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Though as a journalist I have been right far more often than I have been wrong about Lawrence Summers in the nearly thirty years that I have followed his career, I have occasionally misjudged him. For example, I argued that he’d be a good president of Harvard University. Last year I speculated that he’d be a short-timer once it became clear that President Obama wasn’t about to appoint him chairman of the Federal Reserve Board or Treasury Secretary. After the in-house jostling calmed down and Summers remained director of the National Economic Council, I rehearsed the opportunities that would be