Geithner on the Hill

cityfile · 06/18/09 02:16PM

Did you miss Treasury Secretary Tim Geithner testifying today before members of the Senate Banking Committee? You can read about all the excitement here, but today was actually supposed to be a double-header for Geithner: He was scheduled to head over the House afterwards to testify before the Financial Services Committee. But then the committee decided it had something more important to do and postponed it for "a later date." No rush, guys. Really. [CNN]

Marijuana: Dangerous Menace Enjoyed by 'Losers', Rhode Island

Richard Lawson · 06/18/09 02:14PM

As we stare at the ash-filled bowl on the coffee table and consider ourselves—hardly dressed, reeking of failure—we begin to see why some say dope is for dopes. And one of Anderson Cooper's blogging soldiers would agree!

A Season For Murder

cityfile · 06/18/09 01:59PM

It's not just Mister Softee trucks that come out when the summer season begins. So do murderers! The Times combed through crime stats for the past few years and confirmed what had long been conventional wisdom, namely that "when the temperatures rise, people hit the streets, and New York becomes a distinctively lethal place." September, it turns out, is the single most murderous month, followed by August. (In case you're curious, Saturday night around 10pm is the deadliest time to be out and about.)

Pink Elephant Responds

cityfile · 06/18/09 01:17PM

The folks at Guest of a Guest forwarded us a statement from Pink Elephant regarding the bankruptcy filing we reported on earlier. They'd like to make it clear that it's just the Southampton outpost of Pink Elephant that filed Chapter 11. Since it's a franchise operation, the club in Manhattan (as well as the one in São Paulo) won't be affected by it. So if you were concerned you'd no longer have the opportunity to meet the sort of sweet, down-to-earth girls you see pictured, don't you worry. You will!

Advertisers Rebel, Kushner Expands

cityfile · 06/18/09 12:41PM

• Advertisers are asking (demanding) that TV broadcasters cut prices by as much as 15 percent. The networks? They're not so happy about it. [LAT]
• Jared Kushner's Observer is launching a supplement for "stroller-wheeling New York City moms." The glossy is set to debut in September and "will address family-friendly topics for the society set and celebrity parents." [WWD]
• Rupert Murdoch's News Corp. has sold off The Weekly Standard magazine to Denver-based media mogul (and fellow conservative) Phil Anschutz. [AP]
• ABC is changing up its executive management structure. [THR]
• Conan O'Brien was victorious in his second week up against Letterman. [NYT]
• Speaking of Letterman, Olive Garden—the "Italian" chain restaurant that you should never eat at even if you're dying of starvation—is canceling all of its spots on Letterman's show in solidarity with Sarah Palin. [Politico]

Escape From the USA

Hamilton Nolan · 06/18/09 12:13PM

The Way We Live Now: Dashed upon the rocks of destiny. The dream of leaving the city behind to luxuriate in the fresh mountain air is finished. Sell everything, buy gold, and bail out. The Fourth of July is dead!

The Billions in Fake Treasury Bonds We All Wished Were Real

John Cook · 06/18/09 12:10PM

Those U.S. Treasury bonds worth $134.5 billion seized by Italian authorities from two suspicious Japanese businessmen last week are, alas, transparent fakes, according to the Treasury Department. And it was shaping up to be such a great story.

Pattinson To the Pavement

cityfile · 06/18/09 11:49AM

Twilight star Robert Pattinson was hit by a taxi in front of the Strand on Broadway today, supposedly as he attempted to flee a group of hysterical fans: "A team of five security guards were trying to fend off a crowd of teenaged girls when Rob was leaving the bookstore. It was pouring rain as they tried to hustle him quickly across the busy street to the safety of his trailer. Some of the teen girls were hysterical and Rob rushed across the road. As he did so, a taxi grazed him." Got that? It grazed him. So he's fine. Please pass that message along to your 16-year-old cousin, okay? Thanks. [RadarOnline/National Enquirer]

Astor Trial: The Weekly Recap

cityfile · 06/18/09 11:30AM

Summer's here (supposedly) and that means television's gone bad. But while you wait for the next season of your favorite show to begin again next fall, there's always the ongoing, glorious, convoluted Astor trial, now rolling into its eighth week, to feed your drama fix. But just in case you haven't been reading all the stories about the case in the papers, we've gone ahead and recapped what you missed. This week's installment: "The Codicil." Join us after the jump, won't you?