Is recovery for real? This week should provide key clues

To: Interested parties From: John King, CNN chief national correspondent Re: The Monday Memo (CNN) — From start to finish, this week offers tests of whether economic recovery is taking root and also should answer whether months of Senate negotiations on health lead to a bill with any Republican support. First, the economy.

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Citigroup’s Surprising Profit: Are Banks Really Out of the Woods?

Citigroup chief financial officer Ned Kelly was trying to explain an aspect of the bank’s better-than-expected first-quarter results on Friday morning when star analyst Meredith Whitney interrupted him. “Could you dumb that down for me?” she asked. It was the question of the week.

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