· Kevin James and Adam Sandler will join Chris Rock, Rob Schneider and David Spade in a Columbia comedy about "five best friends from high school who reunite 30 years later on July 4th weekend."

Breaking: Val Kilmer is wandering around a US Congressional office building by himself, for some reason. [Politico]

Here's something to be cheerful about amid the constant stream of bad news: After her prolonged absence from the social scene, Tinsley Mortimer is back! Tinz turned up at Bergdorf Goodman yesterday to celebrate Dior's spring collection. And she's now rocking bangs, too, which we totally appreciate since experts always recommend a new 'do when you're going through a divorce. Welcome back, darling. Truth be told, Patrick McMullan's website just wasn't the same without you. [WWD, previously]

This Canadian tween totally calls out 50 Cent for "whoring" himself with all his endorsement deals, and not keeping it real. His action figures and 'stache say: listen up, Fif.

Finally, new details are emerging as to how the brutal alleged fight between Rihanna and Chris Brown began—and which hip-hop star has a vested interest in ending it.

It's a scary world out there what with the economy crumbling to pieces, corporate CEOs under fire, and popular resentment against Wall Street rising by the day. What do you do if, say, you're one of the few people who is actually making a fortune right now? Build up the walls around you, naturally! Billionaire hedge fund manager John Paulson filed an application with the Southampton Board of Historic Preservation and Architectural Review to "beef up" the landscaping outside the 10.4-acre estate, the one he and his wife Jenny purchased for $41.3 million in 2008.

Are we, and a tipster, crazy, or is that rapper Mike D and his wife Tamra Davis in the photo accompanying Frank Bruni's review of the John Dory in the New York Times today?

A number of notable talk show hosts made the controversial choice to cross picket lines and not grow out a strike beard during last year's WGA strike, Jay Leno and Ellen DeGeneres among them.

It's always the question when a husband goes bad: How could the wife not know? Massachusetts officials say Ruth Madoff took $15.5 million out of husband Bernie Madoff's firm shortly before his arrest.

Octo-mom has a website, and it's just horrific. Sorry. [Urgh]

Brace yourselves! As designers shrink their Fashion Week budgets, fewer celebrities will be paid to perch front row, smile for photographers, and pretend to be fans. Fashion's most high-profile show producer, Kelly Cutrone, isn't sorry, though, citing the contrivance of certain designer/celeb matchings: "The Miss Sixty show last season I thought was the least authentic show I'd really seen. I don't believe Demi Moore and Ashton Kutcher were sitting around saying, 'What are you doing, honey? The shows are on. Let's go to Miss Sixty.'" Indeed! So we will assume that Cutrone won't be availing herself of any easy publicity by enlisting her reality TV cohorts Whitney Port and Olivia Palermo for her clients' shows.

You may think that things like poverty and unemployment and crime ruin a city's quality of life, but according to Forbes annual "Most Miserable Cities" list, it's more about taxes and hockey teams.

Apparently Linda Wells, Jane Rosenthal, Rosanna Scotto, and Caryn Zucker—the wife of NBC chief Jeff Zucker—all work out together at Soul Cycle on the Upper West Side. ("Our classes are candlelit so you can't look around at everybody even if you wanted to," says Wells.) Glam, new agey ladies who get together weekly to sweat a bit and swap a few stories from the front-lines of fashion and media? When you see this form the basis of a new NBC sitcom, now you know where the idea came from. [NYO]

Will the wondrous advances of science never cease? Ladies and gentlemen, a new study has proven that foreplay is totally unnecessary. Just dive right in!

[Courtney Love in London; image via Splash]

Paging Miss Manners! The recession is now eroding the very cornerstone of our society's system of etiquette: the willingness to pay for a business lunch. Literary agent Larry Kirshbaum says that people have turned into such tightwads, he's often reduced to conducting business over lunch at a cheap diner instead of Michael's and that one "top publisher" wanted to take him to McDonald's. "People are really afraid to spend money," he reflects. "Anything that smacks of too much fun or self-indulgence is being frowned upon." Well, it's understandable. A few slimmer expense reports, and the demolishment of Western capitalism will reverse itself in no time.

Recently the New York Times explained how hard it is to live on $500k a year. Twice! Now the paper reports: nobody's paying for business lunches any more! Is this just a made-up thing? Yes.

"The gays love a recession!" trills the New York Observer this morning. Gay nightlife and shopping is in full swing, despite the ruined economy. Childless wonders are taking over Manhattan again. Isn't it fabulous?

So you know how PETA is trying to get rid of horse-drawn carriages in Central Park and replace them with electric vehicles? It turns out that the initiative isn't just ridiculous, it's pretty fishy, too. Michael Gross points out today that the "prime mover behind the latest anti-horse gambit" is none other than parking garage tycoon Steve Nislick, the CEO of Edison Properties, who produced a brochure last year touting the Model T plan and projecting "a windfall for the carriage industry from the sale of its multi-million-dollar stables." Team up with PETA to get rid of the horses, force the stables to sell their property, and then convert the decrepit buildings into gleaming garages. This Nislick is clever! [Gripebox]

Morgan Stanley and Citigroup got $60 billion in bailout cash, and they need to cut $1.1 billion from their budgets for their merger, so, naturally, they're paying $3 billion in bonuses for performance. Sorry, "awards."