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Old and New
Headlines this week revealed a new nomination but an old hat at the Treasury, a new direction for an old-line grocer, and same-old, same-old at the ECB--for now, anyway.

Krugman for Treasury Secretary? Draft Movement Under Way
In news destined to make conservatives revolt (or retch), a movement has been started to draft Paul Krugman for Treasury secretary.
Obama nominates Lew to run Treasury
President Obama on Thursday announced the nomination of Jack Lew for Treasury Secretary. He comes with slightly less impressive credentials than his predecessor.
Dow 13,000
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BofA Earnings Decline on Shrinking Revenue
Bank of America Corp. led decliners in the Dow Jones Industrial Average after reporting profit dropped 63 percent, hurt by shrinking revenue and more costs from cleaning up bad mortgages.

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