Kimora's Secret Wedding, Eliot Spitzer's Kinky Side

cityfile · 03/09/09 06:01AM

• Kimora Lee Simmons and Djimon Hounsou are married. Sort of. The couple reportedly traveled to Africa last summer to tie the knot in a secret ceremony, but the marriage isn't valid in the US since Kimora was still married to Russell Simmons at the time. But Djimon went shopping for an engagement ring last week, so they'll sort it all out soon enough. [NYDN]
• An escort who claims she serviced Eliot Spitzer has lots of details to share about the encounter, if you're feeling brave this morning. Among other things, she claims he liked to choke her during sex. [R&M]
• Jeffrey Toobin doesn't believe that he's the father of Casey Greenfield's baby, although she's asking for a paternity test to know for sure. [R&M]
• Sarah Silverman and Jimmy Kimmel have split up. Again. [People]

Financial Meltdown Now Fodder for Sitcoms

cityfile · 03/09/09 05:57AM

How many pilots does ABC have in the works about the meltdown on Wall Street and the "sad toll it's taken on that once-mighty warrior, the investment banker"? Two, according to AdAge: "One is an untitled project starring Kelsey Grammer, who plays a Wall Street millionaire unhorsed by the collapsing economy and forced into a 'Mr. Mom'-like role at home with the family he hardly ever saw. The other is 'Canned,' a pilot about several younger Gen X friends fired from their lofty perch at an investment bank." [AdAge]

Another Gloomy Week Ahead

cityfile · 03/09/09 05:43AM

• It's expected to be a rough week ahead for financial markets. [Reuters, WSJ]
• The world economy is on track to post its worst performance since the Great Depression, according to a report by the World Bank. [CNN]
• The financial crisis seems to be "getting ahead" of Treasury Secretary Timothy Geithner, as if you weren't aware of that already. [NYT]
• The big beneficiaries of the AIG bailout: Goldman Sachs, Deutsche Bank, Merrill Lynch, and a handful of other banks both foreign and domestic. [WSJ]
• After canceling a trip to reward its top brokers, Citigroup gave out $3.5 million worth of gift cards to 2,000 people as a consolation prize. [NYP]
• Credit markets appear to be tightening up once again. [WSJ]
• JP Morgan and Goldman Sachs advised on Merck's $41 billion acquisition of Schering-Plough, which was announced this morning. [DB]
• Expect to see fewer foreign bankers living it up in NYC beginning this summer: Bank of America is withdrawing job offers made to foreign MBA students. [FT]

The Humans Who Will Kill the Google Machine

Owen Thomas · 03/08/09 11:20PM

A mild-mannered British physicist is trying to render Google irrelevant. Stephen Wolfram, the creator of Mathematica, a grandiosely ambitious piece of software, has come up with Wolfram Alpha, a grandiosely ambitious engine of knowledge.

The Home That Google Built

Owen Thomas · 03/08/09 03:00PM

Twitter CEO Ev Williams and his wife, Sara Morishige, are building a house. What took so long? San Francisco's most disorganized Internet boss dude has been rich since 2003, after he sold Blogger to Google.

"Obey" Trademark Law

Hamilton Nolan · 03/08/09 09:00AM

Shepard Fairey is America's darling, ever since that Obama 'HOPE' poster. The AP looked like jerks when they complained about him stealing their photo. But! Fairey will sue your ass for stealing his brand, quick.