Billionaire hedge fund manager Paul Tudor Jones isn't letting the crappy economy stop him from going all-out this holiday season. This past weekend Jones unveiled his annual Christmas display outside his Greenwich mansion, which features 15,000 lights syncronized to a four-minute looping soundtrack. (If you pull up near the house, you can listen to the music by tuning your radio to 90.5 FM.) The display will be open to the public from 5 p.m. to 9 p.m. through Dec. 20. And if you're one of the people who invested in Jones' fund and you've since been notified that Jones is no longer permitting clients to withdraw their cash? Well, you can always walk up to the front door and try asking in person! [Greenwich Time via Dealbreaker]

Annie Leibovitz sat down with CNN yesterday for an extended interview to promote her new book. The whole Miley Cyrus scandal from this past spring didn't come up—just an oversight on the reporter's part, we're sure!—but Annie did address one of her other high-profile run-ins, the shoot in 2007 with the Queen of England when she got into hot water for daring to ask Her Majesty to remove her crown. Video of Annie's meandering explanation is above.

We should start off by saying that Lauren Bush is our favorite member of the Bush family. In fact, sometimes we forget that her uncle is the President, and what could be a greater compliment than that? She even deserves credit for dating David Lauren. Hooking up with a billionaire heir is rarely a commendable act, but since her relationship with Ralph's son is clearly a source of angst for the rest of the Bush clan—possibly because he's a decade older, Jewish, leans Democratic, or all three—it works in her favor. So it's with love and respect that we share the one thing about Lauren that we're decidedly less impressed with: Those burlap FEED bags she's been shlepping to every event she's attended for more than a year now.

• Natasha Lyonne has sold her penthouse studio in the Gramercy Towers on East 16th Street for $440,000. The once-troubled actress is now renting in the East Village. [NYP]
• The owners of two 15 CPW condos who listed their ninth-floor apartments as part of a package deal for $21.5 million back in August, have lowered prices for a second time. You can now buy the combo deal for $18.495 million. [Cityfile, Corcoran]
• Alan Alda and his wife Arlene have paid $3 million for a two-bedroom, 51st-floor apartment at the Millennium Tower on West 67th Street, the same building where they purchased two adjoining apartments in 2000 for $4.9 million. [NYP]

Remember John Kerry? Apparently he ran for president in 2004 or something. Anyway, he's celebrating his 65th today. Mos Def is turning 35. Faded '80s actresses Teri Garr and Donna Mills are 64 and 66, respectively. British chef Marco Pierre White is 47. Motley Crew bassist Nikki Sixx is turning 50. And Jermaine Jackson is 54.

• Donny Deutsch has been caught fooling around with a married woman. Or at least that's what hedge fund manager Andrew Sandler claims, who hired a private detective to follow his wife Lisa around and eventually scored pics of the two of them making out. [P6]
• Jennifer Aniston appears naked on the cover of the new GQ, and in the accompanying article she says her relationship with Brad Pitt and Angelina Jolie is like an "insane Bermuda Triangle." Meanwhile, Brad admits to the new Rolling Stone that he fell in love with Angie while he was still married to Jen. [NYP, Daily Mail]
• Rachel Zoe's rep says the only reason she's been looking so thin lately is because she "just got over the stomach flu." Right. [OK!]

• The House approved the auto bailout bill yesterday; what will happen when it gets to the Senate is still up in the air. [NYT]
• The number of Americans filing new unemployment insurance claims last week jumped to a 26-year high. [CNN]
• Stocks slipped in early trading as investors waited to see if the auto bailout gets Senate approval, and because of discouraging economic data. [CNN]

There weren't too many signs of doom and gloom at Google's holiday party last night. The shindig at Penthouse 15 on West 37th Street featured "top shelf liquor (but no shots), filet mignon, and had the sickest game room set up," reports ChiChi212, who somehow managed to sneak her way into what was supposed to be a staff-only event. "There was a moving screening room, a game room with every console imaginable, karaoke. I mean these people were not kidding." Guess not! Unfortunately, she also says the room was filled with "tons of socially awkward people," which is probably because Google decided to schedule separate holiday parties for its engineering and sales staffs. (This was the one for the engineers, obvs.) And it was still a step down from last year's fête, which took place at the Rainbow Room and cost $300 a head. Still, most companies aren't exactly breaking out filet mignon for their employees this year—if they're having a party at all, of course—although you can always refer to this handy roundup that The Business Sheet put together if you feel like reliving the lavish holiday parties of years past.

• A new shade of lipstick created in honor of Michelle Obama is a "shimmery bronze that works with many skin tones." Alas, "adorable daughters and hot, incredible husband not included." [Nylon]
• Burberry's spring ad campaign features an all-Brit cast including Lily Donaldson. [Vogue UK]
• Is ID Models finished? [Fashionista]
• The new Kelly Cutrone reality show will track her as she "tries to get clients into top-tier publications," makes phone calls, and books photo shoots. [NYM]
• More details on that cap André Leon Talley's been wearing: He purchased it from a man selling stuff off the back of a truck who was "wearing a peacoat embellished with no less than a diamanteé Obama silhouette." [stylefile]
• Photos of some of the YSL items going up for auction early next year. [VF]

As if it wasn't bad enough the MTA is thinking about raising fares and experimenting with the idea of removing the seats (so as to more efficiently pack people into the cars), now it appears the agency has come to the conclusion that we don't need windows either. Because, really, what better way is there to stimulate demand for a cool, refreshing beverage than to pack lots of people into an windowless aluminum canister? [Gothamist]

• Time Out's annual "Top 100" list is now online. [TONY]
• Frank Bruni hands out three stars today to Drew Nieporent's Corton thanks to Paul Liebrandt's ability to find "the sweet spot between disciplined cooking and intricate, imaginative leaps." [NYT]
• The good news/bad news for John Dory. [Eater]
• Alice Waters, Ruth Reichl, and Danny Meyer have volunteered to join Barack Obama's unofficial "kitchen cabinet." [Feedbag]
• La Cave des Fondus (where wine is served in baby bottles) is open. [NYM]
• As predicted, Upstairs is closing at the end of the year. [DBTH]
• One bonus to the recession: lobsters are cheaper than ever. [NYT]

Anna Wintour and Ralph Lauren had lunch together today at Michael's, reports Mediabistro's Diane Clehane. And the two looked, like, totally bummed out: "The pair looked downright anguished. We watching in fascination as the pair leaned over the table with their foreheads practically touching as Ralph propped his head up with his hands and rubbed his eyes. Tough times for the titan? We can't imagine." Foreheads practically touching? That sounds serious! Or seriously romantic! Or something. [Mediabistro]

For the second time in three months, Mayor Bloomberg has ordered city agencies to cut back on spending. Just how is the already-strapped city bureaucracy going to do that? Here's your answer (or one of them, at least): The MTA is planning to test out seat-less subway cars, so more people can crowd into trains after the agency cuts back on service. [NYT, WCBS]

If the competition to close Manhattan's next mega apartment sale is heating up as the Observer's Max Abelson suggests, then Corcoran's Joan Kaplan looks like she's hoping to be a contender. The price of Lionel Pincus' 7,000-square-foot Pierre duplex, which has been on and off the market for more than a year, was just dropped from $50 million to a much more modest $43 million. The price cut comes on the heels of a recent court decision, which gave Pincus's sons, Henry and Matthew, the right to sell the duplex over the objections of Princess Firyal of Jordan, Pincus's former girlfriend. (Pincus was deemed mentally and physically incompetent in 2006.) The reduction also comes a week after it was reported that Pincus now owes over $10 million in property liens. A floorplan of the newly-discounted 30th and 31st-floor duplex is after the jump.

Women in 2008 "made no significant gains in winning more top U.S. business jobs," according to a new study released today. (If you work on Wall Street, consider it the Cruz-Callan conundrum.) The good news? Women are expected to make major strides in the year ahead, since Barack Obama's victory has led to an increased desire for—yes, you guessed—change. Oh, and because men have screwed up everything they've touched over the last few years. [Reuters]

Eileen Ford, the co-founder of Ford Models (her husband and partner, Jerry Ford, passed away earlier this year) has been trying to sell her New Jersey mansion for two years now. Last week the Journal reported that she'd discounted the property from $8 million to $6.5 million. Luxist has a few photos inside the home.

Hedge fund titan Cliff Asness is not a happy camper today. The founder of AQR Capital (and a man once described as one of the smartest guys in the business) is firing back at Dealbreaker.com for reporting on his firm's losses and suggesting he'd fired his own secretary, as well as at former employees of his fund, who appear to have been ripping him to pieces in anonymous comments: "The internet's a great place for anonymous ignorant fools who feel like tough guys in the know when they post their verbal vomit. Enjoy your fun while it lasts. When we go back to doing great for clients what are you going to do for fun? Well, whatever, I'm sure it will be dishonorable and cowardly." [Dealbreaker]

Looking for some proof that the American cultural economy is as busted as the financial one? Google just released its annual "Zeitgeist" report, which aggregates the billions of searches conducted on the site over the course of the year. Here are the top ten most popular searches for concert tickets: 1. Jonas Brothers; 2. Coldplay; 3. Hannah Montana; 4. Kenny Chesney; 5. Carrie Underwood; 6. Radiohead; 7. Lil Wayne; 8. Madonna; 9. Eagles; 10. Rascal Flatts. [Google Zeitgeist]

♦ David Pecker's AMI, the publisher of the Star and National Enquirer, has been near bankruptcy for months. Now it's one step closer. [NYP]
♦ The details of Judith Regan's settlement with News Corp. have been revealed: It cost the company $10.75 million to make her go away. [Bloomberg]
♦ Janet Robinson says there are no plans to sell the Times. [E&P]
♦ A brief explanation for why newspapers are so screwed right now. [NYT, AP]
♦ An increasingly desperate OK! has cut the price of the mag. [NYP]
♦ The reorganization of Random House will likely leave Sonny Mehta the big winner. [NYO]
♦ Les Moonves on the state of network TV: "The model ain't broke." [THR]
♦ Gus Van Sant's Milk was named by the New York Film Critics Circle as the best film of 2008. [THR]

It's nearly the new year and we all know what that means: A list of resolutions like losing ten pounds, learning Italian, and drinking fewer vodka martinis will be decided upon with enthusiasm, put off a few times, and abandoned altogether by February 1st, at which point you'll loathe yourself a little more than before. Just in the nick of time, an "international team of psychologists" has finally revealed why everyone procrastinates.