Who's the most popular guy in the midst of the worst economic crisis in decades? Why, none other than Nouriel Roubini, New York University's own Dr. Doom. He just got back from a world tour.

Rupert Murdoch shook up Fox's movie and TV businesses today, his first moves since News Corp. deputy Peter Chernin stepped down. The biggest winner: Peter Rice, who's going from overseeing Slumdog Millionaire to American Idol.

Are all the Twitterers headed to the SXSW festival, like Digg's Kevin Rose? Actually, no! Here's where Boing Boing's Xeni Jardin, Salon.com edi-bore Joan Walsh, and Politico's Patrick Gavin recorded their time-wasting thoughts:

• Paris Fashion Week came to a conclusion today with a memorable show by John Galliano and Marc Jacobs' collection for Louis Vuitton, which, shockingly, only started seven minutes late. [NYT, Telegraph, WWD, WSJ]
• Want to see Project Runway return to the air? Heidi Klum suggests demonstrating outside Harvey Weinstein's house. Good idea![MSNBC]
• Retailers are pushing designers to reduce costs in the hopes consumers can be convinced to pay full-price again. [WSJ]
• Heard on the Runway, the Journal's fashion blog, may be over. [NYM]
• The Jonas Brothers are launching a clothing line. Sweet! [Racked]
• Zooey Deschanel has debuted her sunglasses line for Oliver Peoples. [NYDN]
• Shepard Fairey is crafting Saks' new ad campaign. [FWD]
• Need some couture for your dog? Here are some places to start. [Pipeline]

At last, AOL has done something right: The Time Warner Internet unit has hired Google's Tim Armstrong as its new CEO, booting the laughably incompetent duo of CEO Randy Falco and COO Ron Grant.

Twitter, the twee San Francisco messing startup, is all hope, no revenues. That makes it irresistable to Silicon Valley's best and brightest — like Google's top designer, Doug Bowman, whom we hear Twitter just hired.

[Lily Allen throws a water bottle at a paparazzo, after his car hit hers in London; image via INF]

After pleading guilty to his $50 billion fraud, Ponzi schemer Bernie Madoff is headed for jail. Which jail? Probably the federal prison in Otisville, N.Y., where he'll have the chance to meet new friends!

Today in Ivy League math event news: Harvard has canceled its annual digit-reciting extravaganza "Pi Day." Despite last year's "pretty crazy" pi blowout:

When we characterized Meghan McCain's disastrous TV appearance on Rachel Maddow last night as a "pundit audition," we didn't know how right we were.

Millionaire Japanese pop artist Yoshitomo Nara was arrested by the NYPD this week for drawing on a subway wall. Other "victims" of his precious vandalism took the opposite approach:

People send a lot of crap to our tipline, but from time to time, we're going to run the more interesting and/or coherent correspondence. Today, a non-fan of Men's Health editor-in-chief Dave Zinczenko.

It's Fashion Week in gay Paris! Making it, you know, even more gay. The event always showcases the wildest of modern garments, so we've put together a gallery of some of our favorites. Bon Appetit!

"Banks That Spent the Most on TV Ads Performed the Best." Crisis: Solved.

Can anything stop Steve Wozniak, the goofy billionaire Apple cofounder who's waltzing across TV screens nationwide on ABC's Dancing With the Stars? Apparently not — not a roasting by the judges. Not even a fractured leg.

Braden was the best real-estate reporter in New York, and a complete gentleman. I will miss him so much! Joanna Molloy NY Daily News

• Rumor has it Iacopo Falai is in "early talks" to open up a space inside Andre Balazs's new Standard Hotel in the meatpacking district. [Eater]
• Chocolate Bar will reopen in a new West Village location on April 28. [NYO]
• The price of certain French cheeses quadruples on March 22. Ouch! [TONY]
• Tim and Nina Zagat are launching a new food website. And The Atlantic is launching a new food "channel" tomorrow. [GS, AdAge]
• Korean food is taking over America, apparently. [WSJ]
• Sign 'o the times: Arby's first Brooklyn outpost is opening in the landmarked space formerly occupied by steakhouse Gage & Tollner. [NYDN]
• Chefs Daniel Boulud, Floyd Cardoz, and Marco Canora discuss the biz. [GS]
• Matt Oliver, doorman at M2 and brunch at Merkato 55, chats nightlife. [BB]
• Bourdain on Ramsay's Kitchen Nightmares: "It's a circus of cruelty, like shooting fish in a barrel with a cut-down 12-gauge shotgun. There's no cooking. It's just a bunch of dimwits—the lame, the halt and the delusional." [EMD]

Is OBEY-er street artist Shepard Fairey a sellout hypocrite tool? Or is he an anti-establishment American hero? What a good thing to hastily judge!

It sure is nice to see positive news for a change! Stocks advanced for a third straight day with the Dow Jones Industrial Average closing up 239 points. One reason for the boost: People are shopping again! Actually, they're not really shopping; they're just cutting back a little bit less than they did before. Retail sales "only" dropped 0.1% in February, according to the Commerce Department, compared to a 1.8% drop in January. Keep it up, people! You'll put a smile on a sales associate's face and you'll be rescuing the country. Oh, and you'll be taking home a new suit or pair of shoes, too, which is always nice. [CNN Money]