Bill Richardson was named Energy Secretary today and Richard Holbrooke was nominated to replace him as U.N. ambassador. The big loser, however, could be Madeleine Albright. "Holbrooke's appointment puts Albright in a precarious position at a time when she's coming under attack for her conduct of foreign policy," says TIME U.N. correspondent William Dowell. "Holbrooke a powerful voice with a strong track record. He's far more knowledgeable than Richardson was; less dependent on Albright and more difficult for her to rein in."