Fashion Meets Finance

cityfile · 07/30/09 12:57PM

You don't usually see the names Sheila Bair and Anna Wintour mentioned in the same sentence. Bair, of course, is the supremely powerful chairwoman of the Federal Deposit Insurance Corporation. Wintour is the supremely powerful editor-in-chief of Vogue. But now the two have collided. And, oh, yes. It is on.

Karl Rove Gets Chintzy

cityfile · 07/30/09 12:09PM

Are you moving to Washington, DC? You won't need to worry about finding a place to live! Karl Rove's house—featuring an oil portrait of George Washington, a stag head, and "a couple of yellow floral sofas that would make chintz queen Mario Buatta wet his pants with glee—is currently on the market for $1,585,000. Enjoy! [Real Estalker]

Another Lawsuit For Leibovitz

cityfile · 07/30/09 11:41AM

Things have gone from bad to worse for photographer Annie Leibovitz. The glorified pawn shop (or "art finance firm," as they prefer to be known) that lent Leibovitz boatloads of money against every photo she has ever taken as well as the value of the real estate she owns in the West Village and upstate New York, has filed a breach of contract lawsuit against her. It's accusing her of "boldly deceptive conduct" for not allowing appraisers to come inside her home: "Among other demands in the suit, the company, Art Capital Group, based in Manhattan, is asking the court to order Ms. Leibovitz to allow real estate agents access to her town houses in Greenwich Village so the property can be appraised and prepared for sale to pay back the loans." [NYT]

Andrew Cuomo's Work Is Done For the Day

cityfile · 07/30/09 10:49AM

New York's bad-ass attorney general, Andrew Cuomo, has been looking into compensation on Wall Street for, like, nine months now. And now the fruits of his labor have been unveiled for all to see! Cuomo released a report today called "No Rhyme or Reason: The 'Heads I Win, Tails You Lose' Bank Bonus Culture," in which he says—surprise!—big banks don't usually tie annual compensation to performance, and still pay out massive bonuses even in years when they don't record a profit. How surprising! (It's a good thing we don't tie the state tax rate to the performance of elected officials, too.) Unfortunately, Cuomo's 22-page report doesn't include the names of these Wall Streeters who are raking it in, but he does share a few facts you may find interesting.

Sue 'Em And Woo 'Em

Hamilton Nolan · 07/30/09 10:47AM

Incompetent superflack Ronn [sic] Torossian's 5WPR threatens to sue alt-weekly for its cover story on 5W client Cinergy Health; soon afterwards, emails same alt-weekly a press release offering Cinergy's CEO for interviews. Sounds about right. [Houston Press]

Rodale CEO Resigns

Hamilton Nolan · 07/30/09 10:11AM

This memo just went out to all employees of Men's Health publisher Rodale: CEO Steve Murphy is leaving the company, being replaced by Maria Rodale.

Rudy Continues to Play Coy

cityfile · 07/30/09 10:08AM

Is Rudy Giuliani planning to run for governor? He's been flirting with the idea for months now. And he still isn't saying, suggesting this morning that the decision will ultimately depend on how "bad" things get in New York: "I got elected mayor, I believe, on the theory of—it can't get worse. So if it gets to that point, maybe I'll decide [to go for it]." And how much worse do things have to get before he decides to throw his hat into the ring?

Hooking Up at the Office?

cityfile · 07/30/09 09:55AM

Cityfile has partnered with Dr. Helen Fisher to bring you the latest insight into love and romantic attraction. A renowned biological anthropologist, Dr. Fisher has conducted extensive research in the fields of human sexuality, love and marriage. She serves as Chief Scientific Advisor for the internet dating site Chemistry.com.