Goldman Sachs Adds Insult to Injury

cityfile · 11/24/09 02:30PM

Goldman Sachs bankers are going to be out buying new Porsches and weekend homes in East Hampton just as soon as they collect their record year-end bonuses. But that's not what the rest of us are going to be getting this holiday season, at least according to Goldman Sachs. The firm's retail analysts say that most Americans—the ones that aren't getting seven-figure sums in a few weeks—should expect to see lots of crummy sweaters under the tree this Christmas. Thanks for rubbing it in, guys. [WSJ/Marketbeat]

Pass the Thanksgiving Horror Stories, Please

Brian Moylan · 11/24/09 02:26PM

We're elbow deep in Thanksgiving terror stories, and we want you to keep them coming. There's whiskey (or $50) at stake! Go to the original post and leave yours in the comments or share the pain—and your Xanax.

Lindsay To Remain Employed (For Now)

cityfile · 11/24/09 01:50PM

It a rare occasion when there's good Lindsay Lohan news to report, but today is one of those days. The CEO of Emanuel Ungaro, Mounir Moufarrige, says the fashion has no plans to drop LiLo as its "artistic adviser" even though her debut in Pairs last month was panned by critics and it's been rumored that retailers haven't exactly been lining up to carry the collection. Of course, the final decision is in the hands of Ungaro's owner Asim Abdullah—and he may not be on the same page with Moufarrige—but let's focus on the positive, shall we? [Reuters]

Meet the Gaddafi Boys

Ravi Somaiya · 11/24/09 01:24PM

Libyan leader Muammar Gadaffi's kids are a hoot: Saif is a painter who keeps pet tigers, while Hannibal enjoys sports cars and turning fire extinguishers into weapons. And, according to sources, they're paying the U.S. a visit on daddy's dime.

Time Inc's Pre-Thanksgiving Layoffs

Hamilton Nolan · 11/24/09 01:18PM

In your trepidatious Tuesday media column: we hear the Time Inc. layoffs hit Fortune (and others?) today, BusinessWeek speaks robot language, Dave Eggers will not stop saving print, and a horrible massacre of journalists in the Philippines.

Too Bad You Didn't Become an Astronomer

cityfile · 11/24/09 01:04PM

The economic pain that has crushed the media, advertising and real estate industries is taking a toll, clearly. Newspaper reporter, advertising account exec, and real estate agent are among the eight most stressful jobs in America, according to a new survey. [NYDN]

Shopping Season Starts With a Spark

cityfile · 11/24/09 12:45PM

As if retailers weren't already panicky about Black Friday and the upcoming holiday shopping season, now they have worry about fire alarms sending shoppers to the exits. Racked is reporting a fire on Broadway south of Prince Street has forced Mango, Hugo Boss and Sephora to evacuate customers and employees. [Racked]