Media Navel Gaze: January 14, 2013
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.
- 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.