Rich People Must Spend Money or Else!
Hamilton Nolan · 02/17/09 10:36AMMore Madoff Merch
cityfile · 02/17/09 10:30AM
One of the most popular items at the American International Toy Fair, which is now taking place at the Jacob Javits Convention Center? The "Smash-Me Bernie" doll, which is designed to resemble Bernie Madoff in a red devil suit with a pitchfork. "It comes with a 'limited edition' hammer, for the purpose of pulverizing Mr. Madoff in effigy." And for victims of Madoff, the $99.95 toy is still a bit less expensive than an hour of psychotherapy. [Dealbook, NYDN]
Bitchcombers
Richard Lawson · 02/17/09 10:28AMReality TV: Champion of Diversity?
Richard Lawson · 02/17/09 10:06AMSophie Kinsella Is a Regular Suze Orman
cityfile · 02/17/09 10:01AM
As part of the crafty strategy to turn Confessions of a Shopaholic into a public service announcement about the evils of consumerism, rather than a shiny orgy of labels that had the bad luck to come out during the worst recession in decades, Sophie Kinsella, author of the novels on which the movie is based, wants to teach us how to resist our urge to spend. Her fount of wisdom, which obviously springs from a heartfelt concern for women's financial well-being rather than from a contractual obligation to Touchstone Pictures, is full of gems.
'Journalist' Subculture Holds Traditional Ceremony
Hamilton Nolan · 02/17/09 10:00AMOne More Thing to Worry About: Bedbugs
cityfile · 02/17/09 09:59AMYour sinking stock portfolio might not be the only thing keeping you up at night. Bedbug complaints in the city jumped 34 percent last year, according to New York vs. Bed Bugs, a bedbug advocacy group (yes, there is such a thing), which identified Brooklyn, the Bronx, and Midtown as the three biggest "hot spots." Sweet dreams! [NYDN]
Fashion Week Recap
cityfile · 02/17/09 09:46AMSweaty Americans Pay Any Price For Deodorant Fix
Hamilton Nolan · 02/17/09 09:28AMWhich Comedian Would Prefer to Come In Through the Backdoor?
Richard Lawson · 02/17/09 09:18AMCalvin Gets Approved in Southampton
cityfile · 02/17/09 08:47AM
Hamptons architecture buffs, take note: Now would be a good time to get a last look at Dragon's Head, the gaudy 50,000-square-foot castle in Southampton that Calvin Klein purchased several years ago. It's just a few months away from demolition now that Southampton's Village Board of Historic Preservation and Architectural Review has removed the last bit of red tape and ruled its interiors have no historical value. What can you expect to find on the property a couple of years from now? A much more low-key and minimalist manse, of course, not to mention the lilting sounds of youthful Brazilian men speaking Portuguese. [Newsday]
Silver Lining: Trump's Casino Goes Bust
cityfile · 02/17/09 08:14AM
It's not all bad news this morning. As expected, Donald Trump's casino company filed for bankruptcy protection for a third time today. Whether it forces Trump to turn the volume down on his bluster remains to be seen, of course, but it should make the next season of The Apprentice, which premieres in two weeks, delightfully ironic. [Reuters]
A-Rod's Five-Girl Valentine's Weekend
Ryan Tate · 02/17/09 08:07AMFamiliar Faces at Fashion Week, Tuesday Edition
cityfile · 02/17/09 07:41AMHappy Birthday
cityfile · 02/17/09 07:34AM
Paris Hilton turns 28 today. Basketball legend Michael Jordan turns 46. Rene Russo is 55. Denise Richards is turning 38. Director Michael Bay is 44. Jerry O'Connell is celebrating his 35th. Green Day frontman Billie Joe Armstrong is 37. Record exec Jason Flom is turning 48. Literary agent Susan Golomb is 49. And Daniel Lawrence Whitney, better known as "Larry the Cable Guy," is 46.
Another Dark Day on Wall Street
cityfile · 02/17/09 07:16AM• Stocks are down sharply today over concern about the deepening recession. The stimulus package last week? So much for it restoring confidence. [BN, WSJ]
• Need more proof of mismanagement at Citigroup? Chuck Prince was ousted as CEO 15 months ago but he still has an office and secretary at the company. So does John Reed, Citi's former CEO who left nearly nine years ago. [BN]
• The stimulus package that cleared Congress Friday includes hefty new restrictions on bonuses and perks at Wall Street firms. [WSJ]
• GM will file the largest restructuring plan of its 100-year history today. [DB]
• Hedge funds may lose as much as 35% of their assets this quarter. [Reuters]
• Citi is having a hard time finding anyone to buy their junky assets. [NYP]
• Banco Santander, Europe's second largest bank, is offering a generous compensation deal for clients who lost money to Bernie Madoff. [WSJ]
Paris Hilton Does Her Best Wintour
Ryan Tate · 02/17/09 07:15AMBethenny Gets Bossed Around, The Noels Escape South
cityfile · 02/17/09 06:38AM
• It isn't easy being a disposable reality TV star. At the Jill Stuart show on Monday, a publicist barked "Show your fucking ring!" to Bethenny Frankel as The Real Housewives of New York star was getting her photo taken. She's probably used to the abuse, though. Frankel later told a reporter that she used to babysit Paris and Nicky Hilton when they were kids. [AMNY, NYO]
• Lindsay Lohan says her dramatic weight loss is simply the result on "working a lot." Of course it is. [Us]
• Monogamy is so old-fashioned: Alex Rodriguez spent Valentine's Day weekend romancing five different women, while Calvin Klein was spotted in Miami with "two model-type guys." [P6]
• Walter and Monica Noel are laying low at their home in Mustique, although they skipped the private jet and flew commercial to get there. [P6]









