Kellogg, in the most boneheaded move in the entire history of all celebrity endorsements ever, is dumping Michael Phelps over his pot photo. Has any brand ever been more out of touch with its customers?

OHHHHH GOOOOD, word has emerged of yet another recipient of Christian Bale's generous anger-gifting: trailblazing feminist hero Gloria Steinem!

New Line Cinema, the studio everyone thought Time Warner had killed specifically to prevent the possibility of a Sex and the City sequel, is coming out with a Sex and the City sequel.

Yesterday, we made the case for Bikini Girl as post-post-feminist-Amazonian-karaoke-warrior, but predicted she'd be out. Well, we were right about that, but we regretfully report her elimination demonstrated an egregious lack of Girl Power.

The Berlin Film Festival launched today with the world premiere of Clive Owen's financial-intrigue thriller The International, and we regret to inform that it was critically wounded almost instantly. But recovery is expected!

Karen Tumulty of Time told us how senators handle their snuff. John Battelle explained why tweets seem so brainless. But who stole a Wired editor's lunch? Twitter still has secrets.

Salacious college gossip site JuicyCampus is going out of business. You'd think collegians would learn to be polite! But here's "cool" blog IvyGate, calling this nice article the "nerdiest story of the day." That's mean:

Time to hit Payless: The last, lumbering, sushi-nibbling dinosaur of the conspicuous consumption era is getting a sequel!

• Your prayers have been answered: Hilary Duff is now designing a line of jeans. [FS]
• Estée Lauder is slashing 2,000 jobs. [WWD]
• Fortunoff has filed for bankruptcy. [WWD]
• A Q&A with Alexander McQueen. [NYM]
• Doo-Ri Chung celebrated the launch of her new line, Under.Ligne, last night. [FWD]
• Four places you can drink wine/coffee and get a haircut while you shop. [Pipeline]
• Meet the woman with the biggest breast implants in world. [NYDN]

Though Miley Cyrus may have been Oscar-snubbed, at least she's the frontrunner for a Tortured Logic nomination after she blamed the media uproar for her slanty-eyed play-acting on...Britney Spears's sobriety.

If Joaquin Phoenix really hopes to convince the world that he's the world's greatest undiscovered rapper (and not simply its least essential hoaxer), he may have to start with winning over Gwyneth Paltrow.

[A child enjoys the Sapporo Snow Festival, along with some two million other tourists, in Japan; image via Getty]

Kellogg says it plans to drop its endorsement deal with Michael Phelps after a photo of him smoking pot was published in the News of the World last weekend. "Michael's most recent behavior is not consistent with the image of Kellogg," explained a spokesperson. In other very disappointing Kellogg-related news, if you purchased Keebler Soft Batch Homestyle Chocolate Chunk Cookies recently, you probably shouldn't eat them unless want to get salmonella poisoning. [AP]

In a few days, you'll be able to tune in to MTV and follow a group of mentally challenged individuals exploring America in a bus, and it has nothing to do with Road Rules.

One way to become the opposite of a respected White House correspondent is to hit up the president for an autograph, then get yanked away by the Secret Service. But uh...a kid made him do it!

Let's be clear: White House Chief of Staff Rahm Emanuel did not rent an illegal basement apartment from Rosa DeLauro, a Congresswoman from Connecticut. That's because he stayed there for free. Actually, that's worse.

SAG president Alan Rosenberg's final opportunity to preserve his strike-hungry executive director and negotiating committee fizzled this morning in Superior Court.

What's screaming CNBC madman Jim Cramer been up to? Putting on a Burger King mask in order to infiltrate a slumber party full of 14 year-olds. There's no taking this one back, Jimmy. Everyone knows.

• It's not all doom and gloom: Terrance Brennan (Artisanal, Picholine) and Floyd Cardoz (Tabla) both have new restaurants in the works. [GS, TONY]
• Donatella Arpaia and Michael Psilakis say they're two months away from opening Gus & Gabriel's Gastropub in the old Kefi space. [NYT]
• A list of the best Brit food in New York. Yes, such a list really exists. [MM]
• John Doherty explains why he quit as chef at the Waldorf-Astoria. [NYT]
• Vinegar Hill House in Brooklyn is opening a private dining room. [GS]
• Cheapo Eight O'Clock Coffee beat out Starbucks in a CR taste test. [NYDN]

Any director worth a damn has faced it: Flop Grief, that five-stage process that varies by studio and box-office disappointment but never gets any easier. Especially if you're Kevin Smith.