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2006 in Review

Keynote Address

Elaine L. Chao is the nation’s 24th Secretary of Labor, representing a new generation of American leadership. Since her confirmation by the United States Senate on January 29, 2001, she has been dedicated to carrying out the Department of Labor’s mission of inspiring and protecting the hardworking people of America. She is respected as an effective and articulate champion of the nation’s contemporary workforce, acting quickly to focus the Labor Department on the modern realities of workers’ lives.

When President George W. Bush nominated Elaine L. Chao, the first Asian-American woman appointed to a President’s cabinet in U.S. history, he described her as an individual with “strong executive talent, compassion, and commitment to helping people build better lives.”
Secretary Chao’s compassionate nature stems from her own background as an immigrant to this country at the age of eight. Her family’s experience transitioning to a new country, supported by one another and the kindness of friends and neighbors, taught her that encouragement is the key to fostering independence, and that Americans are naturally compassionate people. This inspired her to dedicate most of her professional life to ensuring that people have the opportunity to pursue lives of dignity and financial independence.

As Director of the Peace Corps, she was one of the first Americans to personally embrace the people of the former communist bloc into the family of democratic nations, establishing Peace Corps programs in the Baltic nations of Latvia, Lithuania, Estonia and the newly independent states of the former Soviet Union. Later, as President and Chief Executive Officer of United Way of America, she restored public trust and confidence after the organization was tarnished by mismanagement and financial abuse, thus preserving the nation’s largest institution of private charitable giving.

The experience she gained at the United Way helping communities address their local needs prepared her to mobilize the Department of Labor to promote pathways to economic freedom for individuals and families working to achieve the American Dream. She describes her vision for America’s workforce as “one in which everyone can participate… where jobs and opportunities are available for those leaving welfare, job training is accessible for those left behind, disability never bars a qualified person from the workplace, and where parents have an easier time balancing the responsibilities of work and home.”

Secretary Chao’s previous government career includes serving as the Deputy Secretary at the U.S. Department of Transportation, Chairman of the Federal Maritime Commission, and Deputy Maritime Administrator in the U.S. Department of Transportation. She brings a wealth of business experience to the post, having worked as Vice President of Syndications at BankAmerica Capital Markets Group and a banker with Citicorp. Prior to her nomination as Secretary, she expanded her study of policy as a Distinguished Fellow at The Heritage Foundation, a Washington-based public policy research and educational institute. She was selected as a White House Fellow in 1983.

Secretary Chao received her M.B.A. from the Harvard Business School and her undergraduate degree in economics from Mount Holyoke College. She also studied at M.I.T., Dartmouth College, and Columbia University. Active in many volunteer activities, Secretary Chao has received numerous awards for her professional accomplishments and community service. She is the recipient of sixteen honorary doctoral degrees from colleges and universities across the country.

Secretary Chao is married to United States Senator Mitch McConnell of Kentucky.

Other Featured Speakers

EMILY STOVER DEROCCO was nominated by President Bush to be Assistant Secretary for Employment and Training on June 21, 2001. After being confirmed by the U.S. Senate, she was sworn in on August 3, 2001.

As Assistant Secretary for Employment and Training, Ms. DeRocco is responsible for managing a $11.1 billion budget that funds the country's public workforce investment system, which includes a number of important programs to America's workers and businesses. Ms. DeRocco has made it her purpose to develop a "demand-driven" workforce investment system, which links employment, education, and economic development. Her belief is that only by effectively equipping workers with the skills that are needed by employers, and better understanding the workforce needs of business, can we create the highly-skilled workforce needed to be globally competitive in the 21st century.

Ms. DeRocco brings a wealth of experience to her position. In addition to high level federal positions serving the Cabinet officers at the U.S. Department of the Interior and the U.S. Department of Energy during the Reagan Administration, Ms. DeRocco spent over ten years as the Executive Director of the National Association of State Workforce Agencies.

MICHAEL MANDEL, Chief Economist at BusinessWeek, is one of the country's leading authorities on the future of the U.S. and global economies. His groundbreaking stories on the New Economy in the 1990s won him the Gerald Loeb Award, the most prestigious prize in business and financial journalism. His latest book, Rational Exuberance: Silencing the Enemies of Growth and Why the Future Is Better than You Think, explains why the U.S. may be on the verge of another technology-driven boom, and what that could mean for workers and employers. Mandel holds a Ph.D. in economics from Harvard University, and taught at New York University's Stern School of Business before joining BusinessWeek in 1989. Mandel was named one of the top U.S. business journalists of the 20th century, and received the Economic Journalism Award from the Institute of Political Journalism, given to the writer "who has done the most to shape public opinion by giving the public a better understanding of economic theory and reality."

Sponsored by:
U.S. Department of Labor's Employment and Training Administration
American Society for Training & Development