• The City debuts tonight on MTV! New York has details on the goings-on behind the scenes and what Olivia Palermo is hoping to gain from the spotlight: "Like, maybe I'll start a jewelry line,” [NYM]
• Is Christina Aguilera planning to design a collection for Topshop? [Mirror]
• With holiday sales the worst in 40 years, analysts are predicting 73,000 stores may close in the first half of 2009. [Bloomberg]
• Erin Fetherston may have a hotel project in the works. [HC]
• Tom Ford and Judith Leiber have new Rodeo Drive stores planned. [WWD]
• Chanel is cutting 200 jobs. [Guardian]
• The new parent company of Bill Blass says it's planning to revive the brand's high-end collection within "9 to 12 months." [WSJ]
• Dov Charney's American Apparel has another legal mess on its hands. [WWD]

Tina Brown complains that no one wants to date i-bankers because they're too depressed, editors of collapsed magazines are backpacking in Nepal, and "poormouthing"the act of complaining to genuinely broke people that your equity portfolio got banged up in the downturn and expecting them to go dutch for dinneris the newest trend. Actually, Tina, poormouthing has been a city-wide recreational sport for as long as hedge-fund managers and painters have lived on the same island. And we can't help but notice that you're not in Nepal. I-bankers? Necessary evils, really. There are kids to feed, Judith Leiber bags to buy, and country houses in Greenwich to re-decorate.
The Wounded City Still Glitters [Times Online]