New Yorker Editor David Remnick Joins the Obama Book Flood

Sheila · 12/15/08 12:58PM

New Yorker editor David Remnick recently wrote a piece for the his magazine called "The Joshua Generation: Race and the Campaign of Barack Obama." The ideas behind that essay will be turned—eventually—into a book about much of the same, Politico reports. (He had a Knopf contract to finish out, anyway.) When Remnick hired Ryan Lizza to cover the Obama campaign for the magazine, he had to talk him out of writing a book. But Lizza ended up getting a book deal about Obama's first year out of it anyway. Now his boss is writing a book that's competitive with his own!

Kathy Fuld's Recessiony $10,000 'Secret Shopping' Sprees

Richard Lawson · 12/15/08 12:31PM

Fabulously rich people are nothing if not sensitive. Take Kathy Fuld, who still goes on once-a-week $5,000-10,000 shopping sprees at Hermès, but nowadays, so she doesn't offend anyone, she tries to keep quiet about it.

Bernie Madoff: The Silver Lining

cityfile · 12/15/08 12:30PM

Bernie Madoff ripped off dozens of wealthy investors, hedge funds, schools, and non-profit institutions over the years (and his elaborate scheme has also helped sap what little confidence remains in the financial markets at large). But there's some positive news for his victims, people like Mets owner Fred Wilpon and real estate tycoon Mort Zuckerman. It turns out that "investment losses that result from theft" are fully tax-deductible, according to experts. [Financial Week]

Blago's Crazy Hairbrush Obsession

Sheila · 12/15/08 12:14PM

Arrested corrupt Illinois governor Blagojevich: socially incompetent to Asperger's-like proportions, reports the NYT. Not only was he "deeply concerned about his appearance but he required a certain, special hairbrush on hand at all times:

Obama Still Mum on Blago

Pareene · 12/15/08 11:53AM

Change.gov has a neat page called Your Seat at The Table, which tracks Obama transition meetings posts documents, in the interest of full transparency. But oddly, there are no meetings regarding Obama's Senate seat!

Remnick's New Book, More Departures at CNN

cityfile · 12/15/08 11:29AM

• New Yorker editor-in-chief David Remnick has confirmed he's writing a book about "Barack Obama, race and politics in America." [Politico]
• David Shuster is the new host of MSNBC's 1600 Pennsylvania Avenue. [NYT]
• Vogue was the most profitable magazine at Condé Nast this year. [P6]
• Crain Communications (AdAge, Crain's New York) is laying off 60. [NYP]
• The list of layoff victims at CNN grows longer: Jamie McIntyre, Kelli Arena, Linda Stouffer and Rusty Dornin are all on the way out. [TVN]
• The Day the Earth Stood Still was No. 1 at the weekend box office. [NYT]

Kathy Fuld's Secret Shopping Sprees

cityfile · 12/15/08 10:58AM

Last week, the Times reported that luxury shoppers are now doing much of their buying in secret because "shopping is almost embarrassing" given the state of the economy. The Daily Beast follows up today with the news that some high-end stores are even handing out plain shopping bags to help their customers disguise their high-end purchases. One such customer at Hermès: Kathy Fuld, the wife of Lehman CEO Dick Fuld. "Since the Lehman Brothers bankruptcy, Mrs. Fuld has still been a regular client, visiting the boutique once a week and spending $5,000 or $10,000 each time." [TDB]

Adorable VP Adopts Adorable Puppy

Pareene · 12/15/08 10:55AM

President-elect Barack Obama famously promised his daughters—and the nation!—a puppy, once the election was over. Well, Mr. President-elect, the election is over. Where is the puppy?