The A-Pee

Hamilton Nolan · 06/12/09 09:33AM

Journo-nerd Bible the AP Stylebook—which last year unconscionably got rid of "riffraff" and "malarkey"—has been updated again. Things the AP just learned about in 2008: baba ghanoush, Twitter, and water sports.

East Hampton Tests Out New Tax Scheme

cityfile · 06/12/09 09:04AM

East Hampton may be home to some of the richest people around, but the town itself is on the verge of bankruptcy. It's now facing an $18 million deficit by the end of the year, partly because most of the officials responsible for managing the town's finances over the past few years have turned out to be crooks. (In what is becoming a tradition of sorts, another local official was arrested this week—he served as budget officer until recently—and was charged with seven felonies.)

Wall Street: Friday Edition

cityfile · 06/12/09 08:30AM

• BlackRock has reached a deal to buy Barclays Global Investors for $13.5 billion, making BlackRock the world's largest money management firm. [WSJ]
• Lawmakers grilled Bank of America chief Ken Lewis in Capitol Hill yesterday, although he defended his decision to go ahead with the acquisition of Merrill Lynch and placed blame on Ben Bernanke and Hank Paulson. [NYT, WSJ]
• John Paulson's hedge fund, which made $3+ billion betting the housing market would collapse, is now scooping up lots of distressed debt. [BN]
• Goldman was an investment bank before becoming a commercial bank. Now that it's free from the bailout, it may go back to being an I-bank. [Reuters]
• US households lost $1.33 trillion of wealth in the first 3 months of '09. [DB]
• Foreclosures fell during May, not that things have improved much. [CNN]

Lloyd's (Old) Lair: Goldman Chief Lists at 941 Park

cityfile · 06/12/09 07:32AM

Friday morning special: Goldman Sachs chairman and CEO Lloyd Blankfein and his wife Laura have finally put their old apartment at 941 Park Avenue on the market. The couple paid $27 million for an apartment at 15 Central Park West in 2007, and settled into their new digs last year. But the couple's old apartment on Park just hit the market today. The five-bedroom duplex, which is listed with Sotheby's Royce Pinkwater for $15 million, comes with grand foyer, 30-foot living room with wood burning fireplace, paneled library, formal dining room, master bedroom suite with office and two baths, two maid's rooms, and bath and laundry area. Unfortunately, pictures of the co-op aren't online yet. But you can have a look at the floorplan below. [Cityfile]

Chris Brown and Rihanna Back Together Again

The Cajun Boy · 06/12/09 07:08AM

Chris Brown and Rihanna attend Game 4 of the NBA Finals, Paris Hilton has a raunchy rebound hookup with soccer star Ronaldo, Paul Shaffer almost played George Costanza on Seinfeld, Megan Fox has genetically-deformed thumbs and Madonna adopts another African.

Rich People Still Buying Expensive Things

cityfile · 06/12/09 07:07AM

Today, the New York Times reminds us that some members of the filthy rich continue to be filthy rich, recession notwithstanding. They're just hiding their spending places where regular people can't see it: in their homes. Designer Clive Christian's extremely high-end wares—think over-the-top chandeliers and the sort of Liberace-inspired designs that would appeal to someone like Celine Dion—are selling better than ever.

Happy Birthday

cityfile · 06/12/09 06:30AM

Blow a kiss in Adriana Lima's direction. The supermodel turns 28 today. Others celebrating: Yankees star Hideki Matsui is turning 35. Deputy mayor Kevin Sheekey is turning 43. David Rockefeller is 94. Sports Marv Albert is turning 68. Real estate broker Michele Kleier is 66. Hunter College president Jennifer Raab turns 53. Kendra Wilkinson is turning 24. And George H. W. Bush celebrates his 85th birthday today. Weekend birthdays—including those of the Olsen twins and Donald Trump—after the jump.

Paris Moves On, Madonna Gets Her Wish

cityfile · 06/12/09 05:53AM

• Paris Hilton reportedly broke up with boyfriend Doug Reinhardt after she saw him partying with a "Texas beauty queen" named Kendhal Beal. The heiress responded by throwing a fit (and some fruit and ice in Beal's direction). But don't you worry about Paris. She's got her dependable sister by her side. And she's already moved on to someone new, namely soccer star Cristiano Ronaldo. [P6, People]
• Madonna will be performing her Kabbalah rituals today with an extra bit of enthusiasm: Malawi's highest court has overturned its previous ruling and has granted her adoption of Mercy James. Justice to the people! [DM]
• Dr. Drew Pinsky of Celebrity Rehab is offering Lindsay Lohan six figures to appear on his VH1 reality show. But only because he cares deeply about her well-being, not because he's interested in ratings or anything. [NYP]

Fountain of Misspent Youth

The Cajun Boy · 06/12/09 04:11AM

Bonnaroo music festival patrons seek relief from the heat in a fountain at the four-day arts and music festival in Manchester, Tennessee, which kicked off yesterday. [AP Photo/Dave Martin]