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Alan Krueger, the chairman of the President's Council of Economic Advisers, says he will step down to return to Princeton to resume his post as a professor of economics.

Krueger, who has served as CEA chairman for the past two years, will return to Princeton in time for the beginning of the fall term. The Associated Press quotes a source familiar with the situation as saying Jason Furman, who served in President Obama's 2008 campaign, will be tapped as a replacement.

"Alan was the driving force behind many of the economic policies that I have proposed that will grow our economy and create middle-class jobs," the president said in a statement on Tuesday. "And while we have more work to do, today our economy is improving – thanks, in no small part, to Alan's efforts."

Kreuger called his experience with CEA, "one of the highest privileges of my life."

About 2,200 passengers were being flown back to Baltimore on Tuesday, a day after their cruise ship caught fire on its way to the Bahamas. There were no injuries aboard Royal Caribbean's Grandeur of the Seas.

But in the wake of the incident and others like it, the cruise ship companies have something of a black eye. The industry is now trying to reassure passengers it's OK for them to sail, adopting what it called a passenger "bill of rights."

More people have been taking cruises worldwide and for the cruise ship industry profits have been on the rise. But Jaime Katz, an analyst at Morningstar, says the industry has also found itself struggling with a series of incidents that have eaten into its bottom line.

"The cruise companies were set up to have a much stronger year this year," Katz says. "Then obviously the Carnival Triumph kind of kicked off a lot of noise earlier in the year."

The Triumph is a Carnival cruise ship that caught fire in February, leaving passengers stranded in the Gulf of Mexico for days. Incidents like these have generated bad publicity that has discouraged a lot of new passengers from booking trips. Katz says the industry has responded the way it always does, by lowering its fares.

"As long as they go ahead and fill all those cabins and set sail full, generally they're able to turn a pretty nice profit," she says.

A Difficult Recovery Seen

And yet the fallout from these incidents has been especially brutal. Ross Klein teaches at Memorial University in Newfoundland and writes a blog about cruising. He says the industry won't be able to recover as easily as it has in the past.

"When we have a number of events within a short time, such as was the case with Carnival Cruise Lines in the early part of this year, I think that has a longer term impact," Klein says.

The Cruise Lines International Association, the industry's trade group, recently issued what it called a passenger bill of rights. It guarantees, for example, that cruise lines will fully reimburse passengers for a cruise that is interrupted by mechanical problems. The cruise lines also promise to provide transportation back to port for stranded passengers.

"I think the significance for consumers is it provides them a single source of clearly communicated information that demonstrates the industry's commitments to our passengers," says David Peikin, a spokesman for the association.

A 'Public Relations Move'

But Klein for one isn't very impressed with the move. "The bill of rights is a nice public relations move," he says.

Klein says many of the promises in the bill of rights are already standard practice in the industry. And though the association says the bill of rights amounts to a legal contract, Klein says it's not clear whether a court would see it that way.

Still, there are a lot of people out there who have never taken a cruise before and they represent huge potential revenue. If the cruise ship industry is ever going to lure them on board it needs to convince them it's looking out for their interests, and that means spelling out how passengers will be protected if another disaster occurs.

This much is true: Many Canadians apparently think their government has embedded a maple-scented scratch-and-sniff patch in the nation's $100 bills.

According to CTV, "dozens of people" contacted the Bank of Canada after the polymer bills were introduced in 2011 to say they were sure there was something fishy ... or perhaps we should say sweet ... about the money.

But alas, this is also true: "Bank official Jeremy Harrison says no scent has been added to any of the new bank notes," CTV says.

Now, hearing about this on Morning Edition made us wonder:

— Who smells their money?

— What might be a good scent for U.S. bills? Maybe pizza? Apple pie? Bacon?

If you could choose a scent for U.S. currencies, what might it be?

Arizona Sen. John McCain spent his Memorial Day in Syria. As NPR's Jonathan Blakley reports from Beirut, McCain's spokesman says the senator crossed into northern Syria from Turkey to meet with rebels in the country, ripped apart by the 2-year conflict turned civil war.

The Daily Beast reports McCain was with Brig. Gen. Salim Idris, the head of the Free Syrian Army, and met with rebels for a few hours before going back to Turkey. The Daily Beast added:

"Idris praised the McCain visit and criticized the Obama administration's Syria policy in an exclusive interview Monday with The Daily Beast. 'The visit of Senator McCain to Syria is very important and very useful especially at this time,' he said. 'We need American help to have change on the ground; we are now in a very critical situation.' "

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