Laura Tyson

Reports from the ultra-elite Swiss meeting show that CEOs are far more optimistic than they've been for years. Considering their cash hoards, an M&A wave is likely. But they're unmoved by the idea that they should create societal value.

The U.S. recession has created a big hole, and it's going to take a great deal of capital from a variety of sources to fill it, most economists agree. The GDP hole is so big it may require a second fiscal stimulus package, says Laura Tyson, a member of President Obama's Economic Advisory Panel,...