Silicon Valley business leaders will hear Dana Johnson, senior Comerica Bank economist, and John B. Shoven, director of Stanford Institute for Economic Policy Research
SAN JOSE, Calif., Jan. 14 /PRNewswire-FirstCall/ -- In one of the first economic forecast events after the Presidential Inauguration, two leading economists will present their views on the outlook for the U.S. and California economies on Thursday, Jan. 22, at the fourth annual Comerica Bank 2009 Economic Forecast Conference.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO)
The presentations by Dana Johnson, chief economist and senior vice president of Comerica Bank, and by John B. Shoven, professor of economics at Stanford University and director of the Stanford Institute for Economic Policy Research, to an expected audience of 500 Silicon Valley business leaders begins at 8:30 am, at the Santa Clara Convention Center, 5001 Great America Parkway, Santa Clara, and will include a question-and-answer session and reception.
"It is more important than ever, in these uncertain times, to look to the future with knowledge and insight," said J. Michael Fulton, president and CEO of Comerica Bank's Western Market. "We have invited two of the nation's most distinguished economists to share their expertise with Silicon Valley business leaders, in the hope that their analysis of economic trends and the potential for change in government and business will help us make sound business decisions in the months ahead."
Business and community leaders from across the Bay Area have been invited to attend this year's Comerica Bank Economic Forecast Conference, which begins with a breakfast reception at 7:30 a.m., and wraps up at 10:30 a.m. KCBS All News 740 AM radio is a co-sponsor of the event for the second year. KCBS news anchor Jeff Bell is moderator for the event.
"The Economy After the Credit Crunch" is the title of Johnson's presentation. Shoven will speak on "Social Security, Medicare and Medicaid Reform and its Implications to Business." For information about attending the event, go to http://www.comerica.com/econ09 or call 408-556-5931 before 4 p.m. Friday, Jan. 16.
Dana Johnson will be available for interviews at 7:30 am, and at a press conference at 10:45 a.m. in the Santa Clara Convention Center.
About Comerica Bank
Comerica Bank is a subsidiary of Comerica Incorporated , a Dallas-based company strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people be successful. In addition to Arizona and California, Comerica Bank locations can be found in Florida, Michigan and Texas, with select businesses operating in several other states, Canada, China and Mexico. Comerica reported total assets of $65 billion at June 30, 2008. To receive e-mail alerts of breaking Comerica news, go to www.comerica.com/newsalerts. (Or, for more information, go to www.comerica.com.)
Dana Johnson in the news - Fort Worth Business Press, Dec. 29, 2008: "To me, the common denominator for the year has been an ongoing credit crunch that was bad at the beginning of the year, but intensified incredibly in the fall. So, what we're really looking at is just enormous losses related to house prices and the mortgages that were all created to finance those houses. So, to me, what primarily is going on here is a reaction to all the weaknesses that have emerged in lending practices and in our financial markets more broadly."
About Dana Johnson
Dana Johnson has been senior vice president and chief economist at Comerica Inc. since January 2005. He leads the bank's economics department and provides commentary and research vital to Comerica and its customers.
Johnson came to Comerica from Bank One in Chicago where he served as managing director and head of research for Banc One Capital Markets.
Johnson began his career at the Board of Governors of the Federal Reserve Board in Washington, DC, where he served for eight years doing both non-financial and financial analysis.
He is a member of the National Association of Business Economists and the American Economic Association. Currently he is on the American Bankers Association Economic Advisory Committee. He earned a Bachelor of Arts degree from Wesleyan University and a Ph.D. in Economics from Northwestern University.
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John B. Shoven in the news - San Francisco Chronicle, Jan. 9, 2009: "Stanford economist John Shoven said he liked Obama's speech and agrees that, in the short term, stimulating the economy is more important than controlling the deficit....[Shoven] said Obama is probably wise to give lawmakers room to craft a plan that met his basic injunction to stimulate the economy but avoid earmarks and pork."
About John B. Shoven
John B. Shoven is the Charles R. Schwab Professor of Economics at Stanford University and the Wallace R. Hawley Director of the Stanford Institute for Economic Policy Research (SIEPR). He is also a Senior Fellow by Courtesy of the Hoover Institution at Stanford. He has served as the Chairman of the Economics Department (1986-89), Director of the Center for Economic Policy Research (1988-93) and Dean of Humanities and Sciences (1993-98). He is a Research Associate of the National Bureau of Economic Research and serves as the Director of their West Coast office.
Dr. Shoven received a B.A. in physics from UCSD in 1969 and a Ph.D. in economics from Yale in 1973. He joined the Stanford faculty in 1973, was granted tenure in 1977 and became a full professor in 1979. Over the course of his career, he has published more than one hundred professional articles and has authored, co-authored, or edited twenty books. In 1995 he was elected a Fellow of the American Academy of Arts and Sciences. In 2001, he received TIAA-CREF's Paul A. Samuelson Award for Excellence for Outstanding Writing on Lifelong Financial Security.
Dr. Shoven teaches public finance, investments, microeconomics, and introductory economics at Stanford.
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SOURCE: Comerica Bank
Web site: http://www.comerica.com/
