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Media Navel Gaze: January 14, 2013

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The Week Unpeeled

The week saw President Obama continue to nominate new members to his cabinet while banks and Wall Street dealt with layoffs. Chief among Obama’s nominees was Jacob J Lew, of whom we all learned about his curly-cue signature, as Treasury Secretary.

Elsewhere:

  • Morgan Stanley announced plans to lay off 1,600;
  • American Express also plans to cut 5,400 jobs, mostly in the travel group;
  • Apple will release a lower-priced iPhone;
  • Jerry Seinfeld and Sony will re-sign for a second season its Web series, “Comedians in Cars Getting Coffee”; that’s so post Leap Year move;
  • Ada Louise Huxtable, the former Pulitzer Prize winning New York Times architecture critic and most recently with The Wall Street Journal, died at 91;
  • Downton Abbey premiered its third season in the US at 7.2 million viewers, one of the highest PBS shows in more than 20 years;
  • The official portrait of the Duchess of Cambridge was unveiled to pretty bad reviews as “old and dowdy”; and
  • The Dow ended the week slightly higher and is up 2.98 percent at 13,488. End of Story
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