Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
President Obama Calls for Ending Wall Street Brain Drain in Major Economic Speech Yesterday

President Obama Calls for Ending Wall Street Brain Drain in Major Economic Speech Yesterday

Ratings: (0)|Views: 289 |Likes:
Published by Luna Media Group

More info:

Published by: Luna Media Group on Dec 07, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less

05/04/2012

pdf

text

original

 
FOR IMMEDIATE RELEASE
: December 7, 2011
CONTACT:
 
Amy Steeleamy@lunamediagroup.com,208-301-0846
 
 
President Obama Calls For Ending Wall Street Brain Drainin Major Economic Speech Yesterday
 
Obama Supports Growing Nat’l Movement to Burst Bubble of Financial 
Speculation, Following OURTIME.org
’  s “Stop the Brain Drain”
 
Petition
WASHINGTON, D.C.
 
 – 
 
During yesterday’s economic speech in Kansas, President Obama
e
ncouraged the nation’s best and brightest to consider careers outside Wall Street – 
a nationalmovement initiated by non-profit organization OURTIME.org and a group of public policy
 
students from Stanford University.
"If we don’t have an economy built on bubbles and financial speculation, our best and brightestwon’t all gravitate towards careers in banking and finance," President Obama said.
"Because if 
we want an economy that’s built to last, we need more of those young people in science and
 
engineering. This country should not be known for bad debt and phony profits. We should beknown for creating and selling products all around the world that are stamped with three proudwords: Made in America."The full speech transcript is available here.  OURTIME.org
,a national organization standing up for Americans under 30, launched the “Stop
 
the Brain Drain” petition in October to demand the end of a practice that is weakening America’s
economy and implore universities to
support America’s top talent in creating new businesses,
developing innovative technology and improving government.
“Entrepreneurship is on the decline, and America is an unemployment crisis.”
says MatthewSegal, co-founder and President of  OURTIME.org. 
“If more scientists, engineers, technologists
 
and mathematicians become entrepreneurs, they will not only create more jobs for America,increase our standard of living, and keep us competitive in a global economy, but they will alsoaccrue more wealth long-term. I have friends and colleagues who work on Wall Street and
 
believe that a strong financial services sector is essential for a successful economy. But at thesame time we have to ask: How can we foster and encourage more startups from our best and
 brightest?”
 The petition, which demands universities immediately cease the practice of allowing Wall Streetrecruiters preferred access to students in exchange for financial contributions, has grabbed theattention of the mainstream media over the past month, including stories in theHuffington Post, 
 
 
Among the 1,300 Americans who have signed the petition is New York Times columnist, PaulKrugman.
Additionally, since the campaign’s launch there have been supportive Twitter 

Activity (3)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
Luna Media Group liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->