Patrick McMullan chats with The New Yorker about his latest project, PMc, "the world's first iPhone magazine." McMullan then goes on to admit that he doesn't even own an iPhone. He uses a BlackBerry instead. [NYer]

J.Lo isn't one of them, but Elle creative director Joe Zee isn't suffering from a shortage of notable friends on Facebook. Just a few of the 1,714 people you might recognize: Narciso Rodriguez, Alice Roi, Samantha Ronson, Charlotte Ronson, Jane Rosenthal, Anne Slowey, Al Reynolds, Leven Rambin, Lara Shriftman, Horacio Silva, Russell Simmons, Peter Som, Natalia Vodianova, Pam Wasserstein, Linda Wells, Daria Werbowy, Emil Wilbekin, Arden Wohl, Dennis Basso, Hamish Bowles, Bryan Boy, Maer Roshan, Ramona Brodsky...

Serial flipper Edgar Bronfman Jr. has sold his 11-room apartment at 1040 Fifth Avenue for $21 million, according to property records published today. That's $1.5 million more than he paid for the place back in January of this year, but $3 million less than what he was originally seeking for the apartment when he first put it on the market. The buyer is Thomas D. Lehrman and his wife Marjorie. Lehman co-founded of the upstart Wall Street research firm Gerson Lehrman. A floorplan of the apartment after the jump. [Cityfile]

Sallie Krawcheck, the Citi group executive (and financial press media darling) who once served as the bank's CFO but was pushed aside and placed in charge of Citi's wealth management division in 2007, is out of a job, according to the Wall Street Journal. Her exit didn't come as much of a surprise to Citi insiders. There has been tension between Krawcheck and Citigroup CEO Vikram Pandit ever since he took over as CEO less than a year ago, and back in May Krawcheck criticized Pandit publicly before later backtracking on her remarks.

André Leon Talley's luggage is missing! The Vogue editor arrived in Milan this morning and he was forced to wear the same outfit he wore on the plane—Juicy Couture shorts and gray Ralph Lauren polo shirt—to the D&G show. No wonder Alitalia is going bust! [WWD]

How to Have Style by Isaac Mizrahi, which will be published next month, uses case studies to scold women about the contents of their wardrobes and bossily tell them what they should be wearing—in other words, it's the gay raison d'etre distilled into book form. Even though all these kind of books are based on the lie that there's such a thing as timeless style, rather than completely ephemeral fashions, if anything will make the perfect underminey/passive aggressive holiday gift, this will. [NYDN]

Last week, Forbes annointed Michael Bloomberg the richest person in New York with a net worth of $20 billion. The Wall Street Journal offers up a handful of reasons today why he's probably not worth that much, at least after the events of last week: "If Bloomberg were publicly traded, its stock likely would have taken a dive this week... There are now two fewer investments banks buying Bloomberg terminals, not to mention the thousands of finance workers who also will lose their jobs—and their terminals—this year." [WSJ/Wealth Report]

Kirsten Dunst offering a smile to photographers while walking in the Village ... Tom Cruise waving at photographers and later carrying Suri as he headed to the West Side heliport ... Claire Danes carrying grocery bags ... Alex Rodriguez walking through Midtown ... Rachael Ray's husband kissing her on a red carpet ... Mariah Carey and Nick Cannon walking into the theater to see In The Heights ... Mario Cantone pretending to drink out of a pink shoe at the SATC DVD release party ... An unhappy-looking Bono getting out of a car ... Drew Barrymore making her way through a crowd with her hand on Chace Crawford's arm ...Kate Winslet acting goofy with friends ... and Gwyneth Paltrow leaving a party for her new PBS show with Mario Batali.

Is the financial crisis good or bad for the city's strippers and hookers? Depends on who you ask, it seems. According to the Post, "jiggle joints all over the city are seeing a drop in business, with fewer customers, less bar traffic and a drop in lap dances." An item in this week's issue of New York suggests the contrary, however, claiming that "the strip clubs that cater to corporate types were still packed" as of last week. Guess if you're really interested in a conclusive answer to this terribly imporant economic issue, you'll have to hit a strip club tonight and find out for yourself. What about the city's hookers, you ask?

Tina Brown's Barry Diller-backed website, The Daily Beast, is allegedly launching in three weeks, so she must be hard at work on it, right? Don't be silly: When there's money to be made on the lecture circuit and reporters who want to talk to you about a dead princess, naturally those priorities will be attended to. The new web venture does get a little plug during this morning's interview, in which Brown also touches on dealing with career highs and lows: "I mean, don't do stuff that puts you out there and then crawl into a cave if things go badly." From the mouth of an expert! [Pittsburgh Post Gazette]

A Long Goodbye to an 85-Year Run [NYT]
Yankee Stadium photos [Flickr]

It's actually quite incredible that Martha Stewart's daughter Alexis isn't more famous than she is, given that she possesses the two qualities most likely to lead to major media success: a famous parent and no apparent limits to her oversharing. On her Sirius radio show, she has, according to a New York magazine profile, discussed: "The breast lift, the Botox, the in vitro shots to try to get pregnant, the "betweeny" wax she favors over the Brazilian, the recurrent sexual fantasies involving Scott Bakula, the past dabbling in lesbianism..." and so on.

♦ Artist Sean Landers and his wife Michelle paid $2.467 million for a loft at 140 Sullivan Street. They purchased the apartment from the estate of the late art curator Marcia Tucker, who founded the New Museum of Contemporary Art in 1977. [Cityfile]
♦ Ravi Singh, who picked up a four-bedroom condo at 15 CPW for $15.87 million back in March, has relisted the 7th-floor apartment for $32 million. [Real Deal]
♦ Lionel Pincus' 7,000-square-foot duplex at the Pierre—which was tied up in a battle between Pincus' sons and his longtime girlfriend, Princess Firyal of Jordan—is back on the market. It's listed at $50 million, making it one of the highest residential listings on the market. You can see the listing here. [NYT]

Apparently British tabloid journalists aren't familiar with concept of co-op boards. According to the ever-reliable News of the World, Lindsay Lohan has her heart set on an apartment in the Dakota:

The Sun is scheduled to close down by the end of the week if it doesn't raise additional capital. So how is Seth Lipsky, the paper's president and editor, doing in his efforts to bring in additional backers? "I haven't raised all that I need, but I've raised a lot," he tells the Times today. [NYT]

Times publisher Arthur Sulzberger Jr. hasn't had the easiest year: the paper's revenues are declining, hedge funds have taken hold of two seats on the Times Co. board, and he moved out of his Central Park West apartment when he split up with his wife of more than 20 years. Hopefully he'll be in a better mood today when Bill Keller wheels in a giant birthday cake to celebrate Sulzberger's 57th birthday. Others celebrating today: Art work fixture (and Studio Museum chief curator) Thelma Golden is 43. NBA commissioner David Stern is 66. Shubert Organization chairman Gerald Schoenfeld is 84. Bonnie Hunt is 44. Italian opera singer Andrea Bocelli is 50. Retired Rangers star Mike Richter is turning 42. And Scott Baio is 47 years old.

Vanity Fair editor (and Waverly Inn co-owner) Graydon Carter is coming clean about the investors in Monkey Bar, which is scheduled to open next summer. In addition to hotelier Jeff Klein and restaurateur Jeremy King, there's also billionaire Ron Perelman, mega-producer Jerry Weintraub, art collector/photographer Jean Pigozzi, CAA partner Bryan Lourd, and former Paramount president John Goldwyn. We'll also point out that Goldwyn is Jeff Klein's boyfriend. [Page Six]

♦ Martha Stewart has been busy wielding the ax. First she fired one of her show's directors; now she's cut her longtime hairstylist/makeup artist, allegedly because the staffer was spending too much on makeup and hair dye. [P6]
♦ The doctor who has been treating DJ AM and Travis Barker since their plane crash on Friday says both men should make full recoveries. Four others died in the wreck and investigators now suspect a blown tire was the cause. [People, LAT]
♦ Ron Perelman and Pat Duff are still fighting in court over their daughter Caleigh. It seem the teenager is still skipping out on those court-ordered visits with her mom. [P6]
♦ Lindsay Lohan will be a judge on the first episode of next season's Project Runway. [NYDN]
♦ Tina Fey was a big winner at the Emmys last night. You can check out a full list of winners here. [ET]

♦ Morgan Stanley and Goldman Sachs have won approval to become bank holding companies, which will give them greater access to federal funds and also put them under tighter oversight and regulation. [WSJ, NYP]
♦ After suspending talks with Wachovia over the weekend, Morgan Stanley announced this morning that it is selling a 10-20 percent stake to Japan's largest bank, Mitsubishi UFJ. [WSJ, Bloomberg]
♦ The proposed $700 billion bailout package turned into a political football this weekend. [WSJ, NYT]
♦ Nomura will pay $225 million for Lehman's Asian operations. [WSJ]
♦ After last week's wild ride, everyone is bracing for another eventful week on Wall Street. [NYT]

What a week, huh? Lehman Brothers filed for bankruptcy and Merrill Lynch was sold off to Bank of America. The turmoil on Wall Street sent thousands of reporters converging on Midtown and tourists turned up to take pictures of the carnage, too. Memorabilia popped up on Ebay; wild rumors were everywhere; the city's socialites were blamed; things got so bad, in fact, that even Mayor Bloomberg went job hunting. But we're a strong lot. Just look at what a brave face Dick Fuld's assistant put on while Dick hid out in his Greenwich mansion. And we were reminded this week that there are still a few people with money, have fantastic perks, buy fabulous apartments, get married, and model beautiful clothes—even when everything seems to be crumbling. Remember, occasionally justice is served. If that doesn't do the trick, you can always turn to drugs to help you block out the pain. In fact, if you live in a few select buildings there's even a doctor who will come to your apartment to give you the meds.