Feb. 2: David McCormick *94 *96 Says Fed Can’t Rescue the Economy Alone

David McCormick *94 *96, president of Bridgewater Associates, speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015.

REUTERS / Rick Wilking / Alamy Stock Photo

Elizabeth Daugherty
By Elisabeth H. Daugherty

Published Feb. 2, 2021

3 min read

David McCormick *94 *96, CEO of Bridgewater Associates, said relying on the Federal Reserve to rescue the economy has inflated markets and widened the wealth gap, and the government should do more. — Bloomberg
 
After Sen. Josh Hawley helped lead some Republicans against certifying Joe Biden’s victory, former Missouri senator and ambassador John Danforth ’58 said supporting Hawley’s run “was the worst mistake I ever made in my life.” — St. Louis Dispatch
 
Michael Lewis ’82, author of The Big Short and Moneyball, announced that his book due out in May, The Premonition, will be about the novel coronavirus. — The Guardian
 
Ladee Hubbard ’93’s new novel, The Rib King, tells the story of a white family who sells rib sauce with their Black groundskeeper’s face on the label. The story raises “deeply resonant” questions about race and class. — The Washington Post
 
Dr. David Agus ’87, CEO of the Ellison Institute for Transformational Medicine, called the new one-dose Johnson & Johnson vaccine a game-changer. “It’s much easier to schedule. Much easier to store. Much easier supply chain,” he said. — Hawaii News Now
 
Washington Post senior editor Marc Fisher ’80 said President Joe Biden will need to balance Americans’ craving for reform with the need for a return to normalcy. “If anyone can do it, maybe he can,” Fisher said. — The Brian Lehrer Show
 
Colleagues called Albert Turnbull ’59, former associate dean for admissions and placement at the University of Virginia Law School, “the founding father of modern-day admissions.” Turnbull died in January at 83. — UVA School of Law
 
The American Physical Society named Beverley McKeon *03, deputy chair of the Division of Engineering and Applied Sciences at Caltech, one of two lead editors of Physical Review Fluids. — APS Physics
 
Sociologist Wendy Cadge *02 has been selected as the new dean of the Graduate School of Arts and Sciences at Brandeis University. She begins June 1. — Brandeis University

“The magnitude of this pandemic is inescapable, and it’s been terribly damaging to our collective mental health. … No one is outside the psychological toll of this crisis.”

— Michelle A. Williams ’84, dean of the faculty at the Harvard T.H. Chan School of Public Health, during a recent seminar with doctors, advocates, and academics. — The Richmond Times-Dispatch

The Biden administration tapped Robert Hampshire *07, associate professor at the University of Michigan’s Gerald R. Ford School of Public Policy, to be principal deputy assistant secretary for research and technology in the U.S. Transportation Department. — Michigan News

MacKenzie Scott ’92, who gave away $4.2 billion in the four months leading up to December, after giving $1.7 billion earlier in the year, is “among an emerging group of female philanthropists.” — The New York Times
 
Clifford Levy ’89 has been promoted from The New York Times’ metro desk to advising the audio department, after which he will take on “a broader role.” — The New York Times
  
Amazon founder Jeff Bezos ’86 likes to “putter” in the morning — drink coffee, read the newspaper, and have breakfast with his kids. He doesn’t schedule any work meetings before 10 a.m. — The Ladders

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