Another Irrelevant Portfolio Cover Coming

Ryan Tate · 03/17/09 01:01AM

What is wrong with Joanne Lipman? Does the Portfolio editor detest business journalism? Is she trying to finally get fired? There must be some reason she's putting Sarah Palin on next month's cover.

Mayor Says Bloggers Put Her City 'Under Siege'

Ryan Tate · 03/16/09 09:58PM

The Salisbury, Maryland mayor's State of the City address starts typically enough, with talk of drainage, crime, road paving and federal stimulus funds. Then comes the part about the fascist blogger coup.

Madoff Mug Shot Is Oddly Unsatisfying

Ryan Tate · 03/16/09 09:17PM

Authorities have released Bernie Madoff's mug shot from his booking at the Metropolitan Correction Center. After scamming $64 billion, he should have at least had to hold one of those silly little signs. (Via)

Shelter of Shame

cityfile · 03/16/09 08:15PM

Here's an unsettling ad campaign that will probably make it to NYC in the near future: A gym in the Netherlands configured a bus shelter so that the weight of the person sitting down on the bench is displayed for all to see. Painful, huh? But maybe this is the radical approach Gwyneth Paltrow should consider adopting given she's having so much trouble finding people to join her new gym in Tribeca? It's not like reminding the public at large that they're all fatter than her could do much more damage to her already battered reputation, could it? [Adfreak]

CFDA Nods, Theyskens Officially Out at Nina Ricci

cityfile · 03/16/09 06:25PM

• The 2009 CFDA Award nominees were announced this evening. [WWD]
• Following months of speculation, it's official: Olivier Theyskens (left) has parted ways with the house of Nina Ricci. [WWD]
• Depressed? "In times of trouble, pink is the shopper's comfort color." [NYT]
• Katie Holmes is starting up a kids clothing line, it seems. [Racked]
• Is Marc Jacobs getting married later this year? Possibly! [FWD]
• The times they are a-changin': Beyoncé appears on the new cover of Vogue, which means the mag has featured black women two issues in a row. [NYM]
• Karen Elson stars in Agent Provocateur's new spring campaign. [Pipeline]
• LiLo's spray-on tanner actually works, you may be surprised to hear. [NYDN]
• A look inside the new Armani flagship on Fifth Ave. [Racked]
• Claudia Schiffer has such a huge clothing collection, she converted a climate-controlled helicopter hanger into a giant closet. Naturally. [Daily Mail]

Doing Less With Less

Hamilton Nolan · 03/16/09 03:49PM

The mantra of modern lying news executives these days is "Doing more with less." Sure, we have fewer people and pages and dollars, but we'll do more with less! Time for a new motto.

South By Southwest Is a Pointless Party

Owen Thomas · 03/16/09 03:45PM

Why does the tech world get a throwdown in Austin when the banks have had to cancel their bashes? The news out of South By Southwest shows that Web hipsters are every bit as bankrupt.

Mickey Goes to Jail

Richard Lawson · 03/16/09 03:15PM

[Actor Mickey Rourke was locked up in a Moscow prison for three hours as he prepared for his role playing a Russian villain in the "Iron Man" sequel; image via Splash]

Eating & Drinking: Monday Edition

cityfile · 03/16/09 03:15PM

• Sneakers at Bouley? Not acceptable. You can wear them to Per Se, though, provided you also bring along a doctor's note. [TONY]
• A list of 75 outdoor cafés that have opened, in case you're feelin' brave. [GS]
• The Times would like to remind you that people are still spending big bucks to hit up brunch at Bagatelle and Merkato 55, recession or not. [NYT]
• Braeburn gets a middling, one-star review of in this week's New York. [NYM]
• A fire did serious damage to Coney Island's famed Totonno's pizzeria over the weekend, but the owners say they plan to reopen in six weeks or so. [NY1]
• Speaking of pizza, the highly-anticipated Kesté opens next week. [GS]
• Looking to open a restaurant? Cool! Here are some availabilities. [Eater]
• More trouble for Gordon Ramsay: A week after selling his LA eatery, he's been forced to sell off flagship in Paris because of the credit crunch. [NYP]
• Eric Ripert will tack one more honor to his resume tonight when he's awarded the Legion d'Honneur, France's highest award, at the French Consulate. [TFB]

Pandit's Pay Package Plunges

cityfile · 03/16/09 02:54PM

Citigroup reported today that the bank's embattled CEO, Vikram Pandit, earned a total of $38.2 million in compensation in 2008. Outrageous? Not so much. The bulk of his pay package was in stock, which means if you adjust for Citi's under-$2 stock price, it comes out to about $2.9 million. The good news for Vik: He already took Citi to the cleaners in 2007 when he sold his underperforming hedge fund to the bank for $800 million, so he shouldn't have any difficulty paying off the balance on his Citibank Mastercard this month. [WSJ, NYT]