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Bruce Reed ’82, a former adviser to President Bill Clinton, has taken a new job as chief of staff for Vice President Joe Biden. [New York Times]
 
Former Fed chairman Paul Volcker ’49 has departed President Barack Obama’s circle of economic advisers. [Bloomberg]
 
Ted Cruz ’92, a Republican and former solicitor general of Texas, announced his plans to run for the U.S. Senate in 2012. [Austin American-Statesman]
 
Former New Jersey Gov. Brendan Byrne ’49 will be one of 13 inductees to the New Jersey Hall of Fame this year. He joins a class of honorees that includes Martha Stewart, Queen Latifah, and Bruce Willis. [Star-Ledger]
 
After Eric Schmidt ’76 announced his departure as Google CEO, The Wall Street Journal looked back at the tech executive’s 10 most memorable quotes. [Wall Street Journal]
 
Pro pitcher Chris Young ’02, one of three alumni currently in the major leagues, is returning to the East Coast as a member of the New York Mets. [New York Daily News]
 
The Baseball Writers Association of America presented Red Sox CEO Larry Lucchino ’67 with the Judge Emil Fuchs Award for “long and meritorious service to baseball.” [Boston Globe]