Business in Brief:Tim Geithner;Best Business Schools

The majority of businessmen have learned to give and take,according to Morgan Stanley CEO John Mack.Treasury Secretary Tim Geithner had the world on his shoulders.He'll be respected.
He did an outstanding job with the Chinese executives that visited him.I thought he was superb in the way he handled that.He didn't preach.
I think there would be a position for him on Wall Street.
AT and T will invest 14 billion dollars in broadband networks.It is also raising its dividend.Tech is the best-positioned sector under President Barack Obama,BMO Capital Markets believes.
With regard to the fiscal cliff negotiations,Professor John Cochrane of the University of Chicago Booth School of Business said the chance of another one year extension seems high to me,given how far apart we are in the basics.It needs real political leadership.That's roughly what happened in the 1980s.
Let's hope they can do it,lowering tax rates while eliminating deductions.That is tremendously pro-growth.The whole trick is to get this chaos out of our tax code.To focus on starting a business rather than consulting a tax lawyer-that would be pro-growth.
The Booth School of Business is rated the best this year by Businessweek magazine.Harvard Business School came in second,while the University of Pennsylvania Wharton School of Business got third.
Morgan Stanley(MS),AT and T(T)

Professor Doubts Fed Strategy

Raghuram G. Rajan,a finance professor at the University of Chicago Booth School of Business and a former IMF Economic Counselor,is raising doubts about the Federal Reserve's plan for dealing with the lagging economy.The Fed wants to keep interest rates at zero for an extended period.We have very high levels of debt.It's not the rate that matters;it's the access.We've had negative real rates,penalizing savers.We need labor-intensive stuff,not capital-intensive.
The costs of such a policy start mounting-without sustained benefits.There's only so much you can do with interest rates.We have to start talking about structural changes such as retraining.Demand is part of the problem,but we also have supply problems.Let's move away from doing more to doing what actually works.
Buying more assets without a clear exit plan is dangerous.We've got to start somewhere.We need to experiment.The big issue with stimulus is,we often overplay the situation,because everyone loves to spend money,Dr.Rajan observed.
Dr.Rajan is the author of "Fault Lines:How Hidden Fractures Still Threaten the World Economy," published by Princeton University Press.