It's been a while since we checked in on Jimmy Fallons's Late Night rehearsal webisodes, so let's see what he's up to. He's... uh. He's... not doing much.

• Despite the rumors in recent weeks, Olivier Theyskens says he's staying at Nina Ricci. [WWD]
• Alexander Wang's new mentor is Diane von Furstenberg. [Vogue UK]
• More designers are looking to hold their Fashion Week shows off-site to save cash. [WWD]
• A gallery of celeb hairdos and don'ts. [Guardian]
• Pixie Geldof is following in her big sister's footsteps: She'll be modeling for Agent Provocateur. [Fashionista]
• Yet another depressing article about the state of retail. [NYT]
• Here's a tragic byproduct of the tough economic times in which we now find ourselves: It's getting harder to get approved for boob-job loans! [NYM]

After election day, we gave Sarah Palin a simple five-step plan for her future success. But today, she continues to spend her time insulting bloggers and SNL. Time for an advice update. Listen, Sarah:

Though David Duchovny's publicist surely slapped a "no sex addiction questions" proviso on his public appearances, it's a hard subject to avoid when the show he's promoting is about, y'know, having sex a lot.

Congrats to Dirty Sexy Money's Samaire Armstrong for landing at the top of Vanity Fair's "Swag-Happy 'Celebrities'" list. It's always reassuring when an actor turns a very bad addiction into a much more harmless one! [Vanity Fair]

The question isn't why crazy-corrupt Illinois Governor Rod Blagojevich was impeached; it's why it took so long. It turns out the guy has a popular touch! A very popular one. And an update!

With a little more than 48 hours before our frostbitten arrival on the scene, we think it bears noting: Defamer is going to the Sundance Film Festival! Sadly, some news isn't waiting for us:

As expected, Morgan Stanley took control of Smith Barney this afternoon, paying Citigroup $2.7 billion for a 51 percent stake in the brokerage firm. Even better: It allows John Mack, Morgan Stanley's CEO, to go home to his wife tonight and brag that he controls the largest brokerage firm in America, grabbing the coveted title out of the hands of Ken Lewis, the Bank of America chief who completed the acquisition of Merrill Lynch just two weeks ago. [Bloomberg]

In today's media column: Time Inc still firing people, Plenty folds, a new FCC chief, a crazy media idea that won't work, and more!

Olsen twins' new career: judging drag queens on cable. [NYDN]

Perhaps cognizant that very soon they wouldn't have George W. Bush to kick around anymore, the ladies of The View brought the crazy shouting and insane assertions big-time this morning.

• The Cipriani saga continues: The family has filed suit against landlord Tishman Speyer for terminating its Rainbow Room lease and is asking for $1.8 million in damages. [NYP]
• Here's some good news (or perhaps some wishful thinking): A handful of America's priciest restaurants, including Masa and Per Se, say that business has not been hurt by the recession. [Bloomberg]
• Joe Bastianich is dropping the price of the tasting menus at Del Posto. [NYT]
• Klee Brasserie in Chelsea is now open for lunch. [GS]
• Scott Bryan is taking over for Neil Manacle as executive chef at Apiary. [NYT]
• What can you get to eat downtown for $1 or less? Quite a bit! [Metromix]
• Change is not on the way, at least as far as the White House kitchen is concerned. The Obamas are keeping current chef Cristeta Comerford. [WP]

Men with unusually long ring fingers are more likely to be either a successful stock trader, or gay. So what does that tell us about the government's wise men patching up the economy?

Yahoo's board will soon announce it has hired Carol Bartz, a software-industry veteran, to run the troubled Web-media business. The first question: How long before Bartz fires Sue Decker, Yahoo's president? (Update: not long!)

· Country star and Jonas dumpee Taylor Swift will appear on CSI as a "teenage girl whose family manages a seedy Las Vegas motel and who undergoes personal changes that have tragic consequences." [Variety]

Remember when mega ad agency Omnicom announced it planned to lay off 3,500 employees? That was a full three weeks ago, but there's much better news to report today, at least if you happen to be John Wren, the agency's CEO: He collected another $25 million in Omnicom stock just ten days after announcing the layoffs. How nice to see that in these times of flux, some things stay the same! [AgencySpy]

The hit series about polygamy returns, promising a deeper look into a lifestyle that you don't understand. Click through for a clip, then catch the Season 3 premiere of Big Love, Sunday at 9pm on HBO.

Even though Hope came along and was supposed to kill it, negativity still plagues this nation. Take this weekend. Rather than celebrating Barack Obama's Antichrist-like ascendancy, you guys are throwing Bye Bye Bush parties.

Fox has canceled Prison Break, its "OK, we just broke out of the prison. Now what? Oh, what the hell, let's go back in" serial. Fox president Kevin Reilly's justification is hilariously blunt.

Fortune magazine wants to send all the bad Wall Street people straight to jail—for ripping you off! Do you think Fortune knows the meaning of 'cognitive dissonance?'