Memories of a Real Estate Bubble

cityfile · 08/25/09 12:53PM

Remember the good ol' days of 2006 when people were plunking down millions of dollars for penthouse apartments at the Plaza sight unseen? Those days have long since passed, of course. Fortunately, there's always the continued litigation to keep the memory alive. [NYS Supreme Court]

How Miranda Priestly Saved Anna Wintour

Brian Moylan · 08/25/09 12:47PM

We thought the Late Show portion of Anna Wintour's Make-People-Like-Me-Before-My-Contract-Is-Up Tour 2009 would be a disaster. Until Letterman asked about The Devil Wears Prada. Then we knew she was safe, because she could never come off worse than Miranda Priestly.

David Paterson Finds Acceptance In the Hamptons

cityfile · 08/25/09 11:58AM

Last Friday, David Paterson insinuated that he was the victim of racial bias, suggesting that a racially motivated campaign had been organized to keep him from running for governor this fall. A good deal of criticism immediately followed (and today Paterson attempted to back away from his remarks). But if Paterson had been planning to stick with that line of attack over the weekend and possibly coordinate a march on Albany with Al Sharpton, well, that doesn't appear to have been on his agenda. A few hours after raising the race issue on Friday, he cruised out to Water Mill to attend a country western-themed fundraiser at the home of author Jay McInerney and heiress Anne Hearst, where he had an opportunity to play a little charity blackjack with the likes of Kathy Hilton and Countess Luann de Lesseps. And you were thinking that the Hamptons tended to be exclusionary! A few more photos of Gov. Paterson's fun-filled Friday night below.

Things Are Looking Up!

cityfile · 08/25/09 11:14AM

The real estate market has recovered, clearly: Home prices in 20 American cities only declined 15.4 percent during the month of June as compared to a year earlier. But that's a slight improvement from the month of May, so we must be headed in the right direction. Right? Hello? [Daily Finance]

The Sinister March of Net Niceness

Ryan Tate · 08/25/09 10:48AM

Wikipedia, once an internet free-for-all, has announced it will now screen changes to certain articles. The New York Times' ethics columnist, meanwhile, is joining the eternal backlash against anonymous blogging. Two steps toward a nice, peaceful, boring and neutered internet.

Another Dem Fundraiser Goes Down

cityfile · 08/25/09 10:36AM

Steve Rattner has some company today: One more prominent Upper East Side financier and Democratic mega-fundraiser is now facing an embarrassing financial scandal. Hassan Nemazee, who served as the New York finance chairman for John Kerry's presidential campaign in 2004 and raised hundreds of thousands of dollars for Hillary Clinton and, later, Barack Obama, was arrested on charges he "tricked" Citigroup into lending him as much as $74 million using phony documents. Nemazee was charged with one count of bank fraud and is expected to appear in federal court this afternoon. Although judging by some of Nemazee's shady political tactics over the years, it's possible that this wasn't first time he's forged a document or two. [Bloomberg]

Homelessness Now an Edge in Elle Internships

Hamilton Nolan · 08/25/09 09:54AM

A homeless woman has landed a (coveted?) four-month internship with Elle magazine, proving that unemployed journalists need only fall a *little* farther to get "back in the game."

Spotted

cityfile · 08/25/09 09:46AM

Sienna Miller walking with Jonny Lee Miller after having lunch at Cafe Gitane on Mott Street ... Rihanna arriving at the Bowery Hotel ... Drew Barrymore on the set of Going The Distance ... Philip Seymour Hoffman riding his bike downtown ... Tom DeLonge pushing a stroller in SoHo ... Christina Milian arriving at her hotel ... Leighton Meester filming scenes for Gossip Girl near Gramercy Park ... Britney Spears riding in a pedicab in Central Park, and later taking a CitySights tour with her dancers ... Jennifer Aniston leaving her trailer on the set of The Bounty in Queens ... Stephanie Pratt going to MTV studios in Times Square ... Hugh Jackman talking on his cell phone while driving with daughter Ava ... Hilary Duff going to the Britney Spears concert ... Gael Garcia Bernal and Amanda Seyfried shooting scenes for Letters to Juliet in SoHo ... and Sarah Jessica Parker leaving her West Village townhouse.