• Time to sell off assets to pay the lawyers! Raj Rajaratnam, the scandal-plagued hedge fund billionaire who was arrested for fraud last October and has since been charged with masterminding the largest insider-trading racket in decades, has sold one of the apartments he owns at 60 Sutton Place South. The 8th-floor co-op, which the Galleon Group founder bought for $1.675 million in 2008, sold to Lewis Zuchman for $1.575 million. [Cityfile]

• Lindsay Lohan was supposed to go to Vienna so she could accompany creepy billionaire Richard Lugner to the Vienna Opera Ball. (He brings a different celeb or model to the event every year and pays them $150,000 for the pleasure.) Sadly, Lindsay missed her chance to collect the much-needed cash. She ran up a $22K bill at the airport duty free shop and couldn't pay the bill, and the ensuing drama forced her to miss the flight. So she didn't get Lugner's check, she has $22K in stuff she doesn't need, and her house is even more cluttered. That worked out well! [DM, P6]
• The reason Alec Baldwin was rushed to the hospital in the middle of the night yesterday? Apparently he got into a fight with his 14-year-old daughter, Ireland, over the phone and threatened to "take some pills," then she called 911 and an ambulance showed up, and Alec was like, "Ugh, fine I'll go to the hospital," and he spent about an hour in the ER before doctors sent him home. His rep says it was "all a misunderstanding," and it's possible that his ex-wife, Kim Basinger, actually prompted Ireland to call 911 in an effort to embarrass him. But Alec didn't make the situation any better when he returned home on Thursday night and "assaulted" a Post photographer who was waiting for him outside his apartment building. [Fox411, NYP, Daily News, Us]
• John Mayer broke down on stage in Nashville on Wednesday, thanked his band for standing by him, and vowed to "quit the media game." Finally! [Us]
• Bill Clinton was hospitalized yesterday after complaining of chest pains. Doctors inserted two stents into a blocked artery and the ex-president is now at home in Chappaqua and "in good spirits." [People]

Style icon Pat Field turns 68 today. Film director Darren Aronofsky is turning 41. Christina Ricci is 30. Senator Arlen Specter is turning 80. Children's author Judy Blume is 72. Josh Brolin, the actor and son of James Brolin, is turning 42. Locanda Verde chef Andrew Carmellini is 39. Tech visionary Raymond Kurzweil turns 61. Celebrity nutritionist Oz Garcia is 59. Fonzworth Bentley, Diddy's former assistant and now the host of his own show on MTV, is 36. Chynna Phillips is turning 42. And Arsenio Hall turns 55 today. A few people celebrating birthdays this weekend—including Mayor Bloomberg—are below.

[Photo via Flickr]

• More layoffs at the New York Times may be on the way. Uh oh. [Wrap]
• NBC was planning to lose $250 mil. on the Olympics before the games even started. Now it's worried about low ratings/injured athletes, too. [LAT, NYP]
• More bad news for NBC: A poll finds that 69 percent of the people who used to watch Jay Leno have no plans to follow him back to The Tonight Show. [TVG]
• Two-in-one magazine/catalog Lucky has a new publisher. [WWD]
• Movies: The next Twilight installment will consist of two separate movies (everyone gets to pay twice!); Brittany Murphy's final film will hit theaters this summer; and Valentine's Day is expected to top the weekend box office.
• Related: Julia Roberts makes a six-minute appearance in Valentine's Day. That means she was paid about $500,000/minute for her services. [NYM]
• MySpace has clearly seen better times. (Like 2005.) [NYT, LAT, ATD]
• TV: The Ellen DeGeneres Show is staying on NBC, not going to ABC; evil empire Wal-Mart is planning to produce "family-friendly" television programming; and Sarah Palin's fave show, American Chopper, has been canceled, gosh darnit.

What's that mathematical formula above? Some professor in Australia claims he's "discovered" the "perfect" age to fall in love and get married.

A reader writes in: "Did Andrea Peyser foreshadow Clinton's trip to the hospital today? Sure seems like it." [NYP]

Fans Pay Tribute to Alexander McQueen Outside MePa Store [Racked]
Alexander McQueen, Designer, Is Dead at 40 [NYT]

Americans plan to spend a lot less on presents this Valentine's Day, according to a survey. In fact, one-quarter of respondents said they planned to spend nothing at all! If you find yourself in this situation and the love of your life bails on you, try reminding him/her that not only are pets getting presents for Valentine's Day nowadays, but some people will be risking life and limb to pick up candy and flowers on Sunday. Fail to pick up a heart-shaped box of chocolates and the terrorists have won!

Harvard grad Will Meyerhofer used to be a lawyer at Sullivan & Cromwell, the white shoe firm that represents the likes of AIG and Goldman Sachs. After doing his "part in destroying the nation's economy," he had a change of heart, went back to school, and became a psychotherapist. Now sees clients on a sliding scale, ranging from $10/hour for people who couldn't otherwise afford therapy to $200/hour for his former colleagues, who, we imagine, have a lot to get off their chests considering how much work they continue to do for both AIG and Goldman. [Above the Law]

Bill Clinton was rushed to the hospital earlier today after complaining of chest pains. He's at Columbia-Presbyterian, which is where he had a quadruple bypass operation in 2004. [Fox News, related]

Fashion Week isn't just taking place in Manhattan. It's Queens Fashion Week, too. Or at least it was until yesterday when the snowstorm hit and organizers decided to push it back to next week instead. Which is actually not such a bad thing since you really can't expect Anna Wintour to be in Bryant Park and at the Holiday Inn in Long Island City at the same time, can you? [NYDN, NYP]

Remember that city-sponsored competition to design an official NYC condom? The folks at the Department of Health have picked five finalists and now it's up to you—the public—to pick the winner. Unless you have something better to do, of course. [NYT]

Katie Holmes and Suri walking in the snow yesterday ... Kate Bosworth waiting for a cab outside the Bowery Hotel ... Ed Westwick and Jessica Szohr walking hand in hand downtown ... Jessica Biel arriving at ABC studios for an appearance on Good Morning America along with Jennifer Garner ... Taylor Momsen walking to her trailer on the Gossip Girl set ... Lake Bell leaving the Bowery Hotel ... and Ashley Olsen getting out of an SUV in front of Cipriani 42nd Street.

Marc Jacobs denied getting married to Lorenzo Martone last month after photos surfaced of what appeared to be his wedding party. (The event, which was hosted by art dealer Larry Gagosian, featured a wedding cake topped with Jacobs and Martone along with two of their dogs.) It looks like that was a misdirect: Martone now says the couple really did tie the knot. [Gawker, previously]

The following email just went out to Time Inc. staffers, informing them that People StyleWatch publisher Michelle Meyers has quit, for unexplained reasons. Know more? Email us.

• Actor Benjamin Bratt and his wife Talisa Soto have unloaded their apartment at 43 West 13th Street. The three-bedroom pad, which the couple purchased in 2003, first arrived on the market last October for $2.5 million. According to property records, the Bratts just sold it to Mark Crumpacker, the newly-hired chief marketing officer of Chipotle, for $2.3 million. [Cityfile, SE]
• Now that he's gone into contract to buy Bernie and Ruth Madoff's East 64th Street apartment, 4Kids Entertainment CEO Al Kahn has put his apartment at the Time Warner Center up for sale. The three-bedroom, five-bath pad on the building's 62nd floor is currently listed for $33.6 million. [NYP, BHS]

As if there weren't enough bloodthirsty animals roaming around Midtown as it is, a developer is hoping to bring a few more to the neighborhood. At least they'll be enclosed inside a glass box for our protection:

• Alec Baldwin was rushed to Lenox Hill Hospital early this morning. What happened? That's still unclear for the time being. Although whatever it was, it couldn't have been all that serious considering the hospital released him about an hour later. [People]
• Did John Edwards propose to Rielle Hunter the same day he finally fessed up to being the father of Hunter's 2-year-old baby? Are they now planning to move into a $3.5 million beachfront home where they'll live happily ever after? That's what the National Enquirer reported yesterday. And it's probably best not to doubt the tabloid when it comes to tawdry revelations about America's sleaziest politician. [NYP, P6]
• John Mayer made a bunch of stupid comments in an interview with Playboy earlier this week. And he's been apologizing for them ever since. [Us, P6]
• A new season of Real Housewives of New York City returns in a couple of weeks and Kelly Bensimon is doing her damndest to remain front and center. She's got a new boyfriend (Top Chef contestant Sam Talbot, who split with his wife recently); and she'll soon appear nude in Playboy and says she prepared for the shoot by drinking Corona and eating chicken wings. [P6, Us]

Jennifer Aniston turns 41 today (even though she celebrated the occasion last weekend with Gerard Butler). The woman who could have been a heartbeat away from becoming president, still thinks she has a chance in 2012, and whose name we cannot even type without feeling nauseous, is turning 46. Sheryl Crow is 48. Brandy is turning 31. Mr. Burt Reynolds will be blowing out 74 candles on top of his cake today. Kelly Rowland is celebrating her 29th. Actress Carey Lowell is 49. Legendary British fashion designer Mary Quant is 76. Former Florida Gov. Jeb Bush is turning 57. The always classy Aubrey O'Day turns 26. And Twilight actor and tween hearthrob Taylor Lautner turns 18 today.